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August 7, 2018

$14.7 BILLION CHINESE INVESTMENT TO STIMULATE SA ECONOMY

Trade cooperation agreements signed by South Africa’s President Cyril Ramaphosa and Chinese President Xi Jinping for the investment are to benefit the local infrastructure, ocean economy, green economy, science and technology, agriculture, environment, as well as finance sectors.

“Strengthening partnership with the world’s leading economy and reliable trade partner has afforded South Africa with opportunities to increase its exports, accelerate infrastructure delivery, economic recovery and job creation,” said SANCO National Spokesperson, Jabu Mahlangu in a statement released late on Tuesday.

 

 Source: [...]

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August 7, 2018

SA ECONOMY REQUIRES RIVALRY

Ana Lucía Coronel, who heads the IMF team for South Africa, said: “The recommendation of IMF staff is to increase competition in all sectors, so that more private companies, domestic and foreign, could invest and compete in the production of services – not only in telecommunications, but also in energy, transport, and other sectors”.

The IMF also said that the use of technology still has a long way to advance in South Africa, given the potential of the economy.

The lender said the cost of internet in the country is high and the quality is low, because there are very few competitors.

South Africa’s economy is known to be characterised by high levels of [...]

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August 7, 2018

TEA: EMPOWERING WOMEN THROUGHT THE AGES

Drinking tea has played a central role in the lives of women across the globe for centuries. It’s hard to imagine a world without tea, but like much of written history, the tale of women’s roles and how instrumental they were in shaping tea commerce as we know it today, has not been well-told.

 

Women like Mary Tuke, who was born in England, was among the first tea merchants to build a chain of tea stores- the equivalent of Starbucks back in the day- and did so amid many jail threats and fines, since many (mainly men) were vehemently opposed to a woman running a business.

Oura Kei from Japan, was pivotal in creating the Japanese tea export market, while [...]

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August 6, 2018

TOP SPOT FOR LOCAL SCIENTIST AMONG WORLD’S BEST

Shireen Mentor, a 29-year-old resident of Montevideo, near Manenberg, has been named one of the world’s top young scientists.

Mentor, a PhD student from the University of the Western Cape (UWC) has just returned from a prestigious science conference in Germany, and is already preparing for her next visit to the USA.

Mentor’s five-day trip to Germany late last month came after being selected to attend the 68thLindau Nobel Laureate Meeting, which is one of the most prestigious science conferences in the world.

She was one of six South African female scientists nominated by the Academy of Science of South Africa to attend the event, which hosted 600 of the world’s [...]

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