South African gamblers who operate on the Limited Pay-out Machine (LPM) have been encouraged to throw more of their money away this festive season.
The time has come for South Africa and the Democratic Republic Congo to remove the trade barriers that currently exist between the two countries.
The Zambian government is telling the global community that it is ready for business, and consolidating trade relations with Africa’s big economies will be the first port of call.
Kingsley Dell-Robertson, Eastern Cape Regional Manager for the Industrial Development Corporation (IDC), said innovation would be key, as South Africa battles it way out of the current steel crisis.
South Africa’s Special Economic Zones programme is attracting billions in foreign direct investment, says Trade and Industry Minister Rob Davies.
Shadow Deputy Minister for Trade and Industry Dean Macpherson said the socio-economic assessment conducted for this bill was not complete, adding that the consequences of passing it under the current circumstances would be severe.
At this juncture, government can only say that it has initiated a process that will lead to it finding a more permanent solution to the pending crisis.
The deal is a product of an agreement between the Coega Development Corporation and the BAIC and will see a new manufacturing plant being developed in the region, from scratch.
All six projects have been spearheaded by the Department of Trade and Industry. The first phase of the Seshego project is expected to be completed this month. The Dti reports that R21-millon has been spent on that phase of the project alone.
The Summit will take place on Saturday and Sunday, with the recently established Trade and Investment Working Group (TIWG) topping the agenda.