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Engineering sector strike averted
The engineering sector narrowly escaped a strike by National Union of Metalworkers of South Africa (Numsa) workers after the union agreed to sign the wage proposal offered by SEIFSA, a federation of...
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ELB Group reports a return to profitability
Despite political uncertainty, currency volatility and difficult trading conditions the ELB Group has managed to lift itself out of its 2016 financial slump with a return to profitability across all...
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Civil contractor confidence falls to 17-year low in Q3
Confidence in South Africa’s construction sector plummeted to its lowest level since the third quarter of 2000 according to the latest FNB/BER Civil Confidence Index. The index shed 13 points to...
View ArticleAtlantis SEZ to transform Western Cape into green technology hub
The Western Cape is set become the green technology hub of South Africa with launch the Atlantis Special Economic Zone (SEZ) this week. Trade and Industry Minister Rob Davies says the 124.5-hectare...
View ArticleAfrican Development Bank launches social bond to fight COVID-19
The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s...
View ArticleConstruction sector expected to play major role in South Africa’s economic...
The construction sector is expected to play a major role in South Africa’s economic recovery post the Covid-19 pandemic. In addition, South Africa’s hard lockdown measures have compelled the...
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There are tough times ahead, warns Ramaphosa
President Cyril Ramaphosa says the South African economy is in the throes of the anticipated fallout due to the global crisis. In his weekly newsletter on Monday morning, Ramaphosa acknowledged that...
View ArticleAfDB concludes R2bn investment in Nedbank SDG-linked bonds
The African Development Bank Group has concluded the investment of R2 billion in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa. This investment, which is listed...
View ArticleDBSA launches R150m COVID-19 response programme
The Development Bank of Southern Africa (DBSA) has launched its R150m COVID-19 response programmes in South Africa and the SADC region. “We are providing support to various activities that will...
View ArticleAfrican Development Bank approves R5 billion loan to South Africa
The African Development Bank has approved a loan of approximately R5 billion to the government of South Africa, to help fight the COVID-19 pandemic and support its budget. South Africa confirmed its...
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