The Tshwane Automotive Special Economic Zone (TASEZ) on May 14 celebrated the first cohort of 526 local youths trained in safety, health, environment and quality to participate in different parts of the automotive value chain. These skills are critical in all aspects of the automotive value chain, said TASEZ CEO Dr Bheka Zulu.
The International Trade Administration Commission (Itac) has asked the South African Reserve Bank to impose provisional duties on imports of active yeast originating in or imported from Zimbabwe for six months while further investigation into allegations of dumping is under way. Itac has been investigating the alleged dumping of active yeasts originating in or imported from Zimbabwe since August last year.
The Competition Tribunal has conditionally approved the proposed merger whereby subsidiaries of JSE-listed seafood and aquaculture company Sea Harvest intend to acquire certain subsidiaries of Terrasan. The subsidiaries being acquired are those engaged in the catching, processing and sale of pelagic fish, as well as in the farming, processing and selling of abalone.
A consortium led by private equity firm Alterra Capital Partners and including broad-based investment holding company the Mineworkers Investment Company (MIC) and independent private equity house Admaius Capital Partners, will acquire a majority stake in beverage company Chill Beverages from Old Mutual Private Equity (OMPE). This acquisition marks the first investment by Alterra’s Africa Accelerator Fund.
Qatar Airways will soon announce an investment in an airline in Southern Africa, its CEO said on Wednesday, part of the Gulf carrier's drive to expand its network in Africa. "We are at the final stage of an equity investment in an airline in the southern part of Africa," Badr Mohammed Al Meer said on a panel at the Qatar Economic Forum in Doha, saying the deal could be announced in two to three weeks.
The number of US visitors to South Africa is now higher than it was in 2019, the last year before the Covid-19 pandemic hit, United Airlines director sales continental Europe, India, Israel, Africa & Middle East Thorsten Lettnin tells Engineering News, in an exclusive interview. In 2022, the total number of travellers to South Africa from the US was some 350 000, a number on par with that for visitors to South Africa from the UK. “Since Covid, we have seen stronger demand on our South Africa routes,” he reports. Читать дальше...
Mounting price pressures from the resurgence of the dollar, foreign-currency crunches and adverse weather conditions are set to lead to delayed and shallower interest-rate cuts for African central banks this year. Over the next three weeks, analysts predict Nigeria, Angola and Zambia, who are still fighting double-digit inflation, will raise interest rates and only start reducing them next year.
Forensic Pathology Services have, as at 06:00 on May 15, identified 18 of the workers killed in the collapse of a partially-built building in George. The death toll has reached 33, while 19 people are still unaccounted for eight days after the building's collapse.
Equipment manufacturer John Deere South Africa will continue to focus on pursuing innovation on its machines and technology as it looks to strengthen its footprint in Africa. Tasneem Bulbulia tells us more.
Pledges worth $2.2-billion to support clean-cooking access in Africa were made at a summit in France on Tuesday, convened by the International Energy Agency (IEA). It is estimated that more than one-billion people in Africa currently lack access to clean-cooking solutions and instead cook over open fires and basic stoves, using charcoal, wood, agricultural waste, and animal dung as fuel.
