Africa

Full text: the mini budget
Finance Minister Pravin Gordhan delivered the country's Medium Term Budget Policy Statement - the mini budget - on Wednesday, 26 October. If you missed it, you can read the full speech here.

BRICS summit: opportunity for solutions and investment
The annual BRICS bloc summit is a chance for South Africa to showcase its investment opportunities to a market comprising approximately 42% of the world's population. It is taking place in India until 16 October 2016.

'Varsities reflect society' - Nation Brand University Dialogue
Welcoming delegates to Brand South Africa's inaugural University Dialogue in Pretoria yesterday, UP vice chancellor Professor Cheryl de la Rey said the event was a timely reminder of the crucial role universities play in shaping a nations' identity.

WEF raises South Africa's global competitiveness ranking
South Africa has risen two places, to 47th, in the 2016 World Economic Forum Global Competitive Index, improving its ranking in 10 of the 12 pillars measured. The country has the most competitive economy on the African continent.

Download: Guidelines for good business practice in Africa
The Department of Trade and Industry has published a set of guidelines for good business practice by South African companies operating elsewhere in Africa, to ensure responsible corporate citizenship across the continent. Download the guidelines here.

Indaba examines outlook and opportunities in manufacturing sector
Government officials and business leaders met over two days at the Manufacturing Indaba to discuss challenges and solutions to boost the sector. Panel discussions included gas industrialisation strategy and the development of African trade.

GE invests half-a-billion rand in South Africa
American corporation General Electric has made a significant investment in South Africa with the launch of its GE Africa Innovation Centre in Johannesburg. South Africa welcomed the multimillion-rand venture, saying it demonstrated that Africa was a viable investment destination.

South African products: names protected under new agreement
Several of South Africa's home grown products, such as rooibos, now have their names protected. This comes from an economic partnership agreement signed with the European Union. The agreement also promotes regional integration within southern Africa.

South African Tourism announces future of Indaba and Meetings Africa
South African Tourism has announced that its new Exhibition and Strategic Events division will now be driving its two flagship tourism trade show exhibitions, Indaba and Meetings Africa.

South Africa's global competitiveness improves
South Africa has risen one place in global competitiveness rankings, with its business efficiency seeing a major improvement, according to the 2016 Institute for Management Development World Competitiveness Yearbook.

South Africa's first black female deputy harbour master talks about her job
Pinky Zungu dreamt of becoming an airline pilot, but she has found that piloting a ship is something she could do forever. And she has done such a good job of it that Transnet National Ports Authority has appointed her its first black female deputy harbour master.

Products 'Made in Africa' on the rise
It is rare to find a product that is made in Africa. Despite the new technologies its one-billion people are embracing, production on the continent is achingly low. Africa's leaders are trying to change that say panellists discussing the future of production at WEF Africa 2016.

WEF Africa 2016: The village of the future
During the World Economic Forum on Africa, held in Kigali, Rwanda this week, the Village of the Future panel discussion offered some new insights on the role of technology in rural economies.

Moody's affirms South Africa's credit rating
South Africa's current credit rating has been confirmed, as Moody's Investors Service kept the government bond long and short-term ratings unchanged at Baa2 and P-2 respectively, while assigning a negative outlook.

Small travel businesses in the spotlight at SA's 2016 Tourism Indaba
South Africa's annual Tourism Indaba, in Durban this weekend, is to showcase 70 of the industry's hidden gems - small businesses with big growth potential.

Johannesburg developing entrepreneurs who make a difference
Two unique small business ventures, incubated out of an entrepreneurial business initiative by the City of Johannesburg, aim to develop its ideas that will make a difference in the community.

South African IT company aims to solve online piracy
A Stellenbosch technology company has devised a unique system that could be a workable solution to combating online piracy, which is threatening to derail the media industry. The groundbreaking response begins with Bitcoin technology.

Demo Africa Conference seeks African start ups
Demo Africa connects Africa's start-ups with governments, information technology buyers and local investors, among others. The annual conference will be held in Johannesburg later this year, the first time it is being hosted in South Africa.

South Africa wins investment awards
South Africa has won two investment awards at the second Indian Ocean Rim Association Ministerial Economic and Business Conference in Dubai - a vote of confidence in the country as an investment destination and a boost for InvestSA's mission to improve its investment climate.

South African bank rated best in the world
A South African bank has come out on top in the Lafferty 2016 Bank Quality Rankings. The inaugural rating system took into account various factors, including financial and non-financial disclosures and customer satisfaction.

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