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Exxaro empowers SMMEs

In a bid to help Small Medium and Micro Enterprises (SMMEs) take part in the mainstream economy of the country and to create jobs, a leading South Africa’s black empowered coal mining company Exxaro Resources is pulling out all the stops to empower young entrepreneurs. About 500 SMMEs stand to benefit …

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Ford invested R11b in South Africa

Ford Motor Company has announced it has invested R11-billion in its South African operations over the past decade, currently employing  more than  4 000 people in South Africa, and supporting about 50 000 indirect jobs within the value chain The carmaker is to date producing 168 000 Ford Ranger pick-up and …

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Investment Conference bags R290 billion for SA

The inaugural South Africa Investment Conference has secured nearly R290 billion worth of investment announcements for the country. “This R290 billion is what we have now in our hands and these are in addition to the R400 billion which were received during the investment drive by the special envoys and …

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Mboweni is the new finance Minister

Tito Mboweni has been appointed as Minister of Finance, following the resignation of disgraced Nhlanhla Nene. In filling the vacant post on Tuesday afternoon, President Cyril Ramaphosa said the former Reserve Bank Governor Mboweni brings in a wealth of experience in areas of finance and economic policies. Nene tendered his …

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Bold plans to ignite SA’s economic revival

President Cyril Ramaphosa on Friday announced the details of an economic stimulus and recovery plan, adopted by Cabinet, which is set to amongst others, ignite growth in the South African economy, boost much needed job creation and restore investor confidence. The ambitious and bold measures, which in the main give …

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Repo rate unchanged

Consumers will breathe a sigh of relief after the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5%. Despite a stagnant economy, coupled with several external and internal factors, SARB Governor Lesetja Kganyago said, the seven member MPC had decided against …

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Ex-miners started logistics business, not by mistake

For a former gold miner, Nyadzeni Makhado, travelling behind the trucks transporting materials from his workplace to various factories was like he enrolled at a college studying for a course in logistics. The self-taught transport businessman, Makhado “graduated” in 2014 and subsequently ventured into a logistics business. Today, the black-owned …

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Amid tough economic times, Toyota outperforms July sales target

Toyota sales have, for the first time this year, surpassed the 12 000 thresholds in July to record 77 099 units year-to-date. This places the Toyota marque in the driver’s seat in terms of local vehicle sales. The total of 12 840 units sold last month comes against a backdrop …

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New vehicle sales up by 2,6%

    South Africa’s total new vehicle sales were up by 2.6% year-on-year in July, with 47 881 units sold compared to 46 671 units bought in the same period last year. According to data released today (Wednesday) by the National Association of Automobile Manufacturers of South Africa (Naamsa), the passenger vehicle …

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WesBank helps new graduates to own cars

  New university graduates who in the past could not purchase cars since they do not have a credit history can now breathe a sigh of relieving, thanks to Wesbank Graduate Finance. Executive Head of WesBank Sales and Marketing Ghana Msibi said the product offers graduates competitive interest rates, tailor-made …

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