Improved market access for South African exports of wine, sugar, ethanol and some fruit products are among the benefits set to flow from the trade deal recently concluded between the European Union and seven southern African countries, says Trade and Industry Minister Rob Davies.
Teams of representatives from the government, business, labour, civil society and academia have begun working on plans to unlock the economic potential of South Africa's oceans, in the first activation of a new initiative, dubbed Operation Phakisa, that was launched by President Jacob Zuma on the weekend.
The new Brics development bank, through its Africa branch in South Africa, will mobilise resources for "transformational" infrastructure development projects that will boost the continent's integration, says Finance Minister Nhlanhla Nene.
The South African Reserve Bank has raised its benchmark repo rate by 25 basis points, while slightly lowering its economic growth forecast. Governor Gill Marcus has called for a speedy resolution of the metalworkers' strike, saying it is crucial for business and labour to re-establish mutual trust.
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