Economy

SA makes 'intensive investment' in infrastructure

As the country battles with an erratic power supply, recent financial data from Statistics South Africa indicates increased investment by players in the electricity, gas and water supply industry, with capital expenditure rising by almost 92% to R24,3- billion in the third quarter 2014.


DTI incentive helps abalone farmer meet demand

A company that farms abalone in Hermanus in the Western Cape, exports 275 tons of abalone a year to the Far East. Using funds from a Department of Trade and Industry aquaculture incentive, Abagold will soon push up exports to 500 tons, creating more than 100 new jobs in the process.


South Africa launches new long-haul locomotive

The unveiling of a new high-powered locomotive at Cape Town station on Monday marks a turning point in South Africa's strategy to modernise and rehabilitate the country's railway services, the Passenger Rail Agency of SA said.


SA economy grows 1.4% in third quarter

The South African economy grew by 1.4% in the third quarter according to data released on Tuesday by Statistics SA – and analysts say the recovery is expected to gain moderate momentum in the final quarter of 2014.

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