Finance Minister Nene says cost containment measures implemented in 2013 have led to a drop
in state consumption, and the Treasury has proposed a rise in spending in the long term to
sustain debt levels in rough economic times, including a R200-million investment in energy.
Chinese delegates, including commerce vice-minister Zhang Xiangchen met South Africa's Trade
and Industry director-general to discuss their multibillion-rand investment into Africa and the
upcoming Forum on China-Africa Co-operation, to be held in December.
South Africa's trade union movement, the largest and most disciplined on the
continent, has played an influential role in determining labour market and industrial
relations policies in the country.
Renowned French economist Thomas Piketty will deliver the 13th Nelson Mandela Annual Lecture on 3 October 2015 at the University of Johannesburg's Soweto Campus. His book Capital in the Twenty-First Century
has been a worldwide sensation.
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