South African Airways will allocate at least 50% of its procurement budget of R20-billion over the
next three years to black industrialists. The decision has been welcomed by business and
The next step in South Africa's big fast results plan, Operation Phakisa, targets the mining
sector. Work begins in August. In the run-up to the first collaborations, the final Mining Charter
report has found that many rights holders are not meeting the charter targets.
Despite tough conditions, the Department of Mineral Resources had approved more than 36 new
mining rights projects in the past year that have the potential to create about 6 000 jobs, Minister
Ngoako Ramathlodi told Parliament during the tabling of his department's budget.
With plans to grow the economy and create jobs in Gauteng, Premier David Makhura has
announced the development of five new economic corridors in the province that will each have
distinct industries and comparative advantages.
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