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April 2018
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April 3, 2018

‘Investors abroad inspired by new president’

Treasury Director General Dondo Mogajane has told Eyewitness News the country’s new leadership has helped Treasury officials, business and labour in their discussions with investors abroad.

Treasury is leading a high-level delegation including representatives of labour and business on a week-long investor roadshow in London, Boston and New York.

The purpose of the roadshow is to continue developing relationships with international investors and to provide them with an update after budget 2018.

It’s understood that new Finance Minister Nhlanhla Nene has been widely welcomed by investors.

Treasury says investors abroad are inspired by the country’s new [...]

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March 28, 2018

Egypt sees tourism rebound ahead of vote

Egypt is seeing a promising rebound in tourism following devastating jihadist attacks, in welcome news to the government of President Abdel Fattah al-Sisi as he seeks re-election this month.

In the eastern Red Sea city of Hurghada, tourists lounge on sunbeds on the beach or play volleyball as boats carrying divers pass by. Among them is Bent Skovboe from Denmark, a 77-year-old who says he has visited Egypt more than 75 times.

aggi via pixabay

Attacks on tourism

“If there was only Red Sea for snorkeling, I will come, but they also have pyramids in Cairo, temples in Luxor, the Nile and Aswan, and the people are very friendly,” says Skovboe, decked in a [...]

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March 7, 2018

Makhura believed digital revolution could address Gauteng unemployment crisis

Gauteng Premier David Makhura (Madelene Cronje/MG)

Gauteng Premier David Makhura has placed his hopes on the advent of the fourth industrial revolution to provide solutions for the province’s youth unemployment crisis.

Makhura delivered his state of the province address at the Gauteng legislature on Monday where he said nearly 2-million young people in the province were unemployed, not in schooling or receiving any sort of training.

The interventions proposed by the province appeared heavily centred on taking advantage of the digital economy to create employment opportunities.

“As part of addressing structural youth unemployment we are aligning our education and [...]

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March 2, 2018

Rand at strongest level in three years

“The rally in the local currency ‘continues unabated it seems and a slight dollar recovery last week has done nothing to dent this’”

The rand continued its winning ways on Monday morning, touching levels not seen since early 2015.

Positive sentiment towards SA was the recurring theme.

Foreigners were net buyers of local bonds to the tune of R12.3bn over the past week, helping the momentum in the rand, which acts a buffer against inflation.

Foreigners have also been aggressive net buyers of the local shares since December when Cyril Ramaphosa became the new of the new leader of the ANC.

With inflation now close to the mid-point of the [...]

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