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Tag Archives: business news

SA, UK meet to iron out trade relations post-Brexit

JOHANNESBURG – South African and UK officials met to strengthen trade relations post-Brexit. The meeting between Minister of Trade and Industry Rob Davies and the UK’s Minister for International Trade, Liam Fox, is a continuation of high-level engagements. Davies said the UK remains a key partner. The UK has invested …

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Basil Read tries to improve liquidity

 Construction company, Basil Read’s planning to raise up to R300-million to improve its liquidity. The struggling firm’s using the plan to bring stability and fund its operations. Basil Read reported a drop in revenue from R2.5-billion last year to R2.3-billion this year. The company’s operating loss was R458-million for the …

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Lanzhou positions itself as new Belt and Road economic hub

  LANZHOU, China – The city of Lanzhou signed 164 investment projects totaling more than RMB 111.4-billion (R220-billion) during the 23rd Lanzhou Investment and Trade Fair that concluded on Sunday, a sign for the government of promising economic growth as the city positions itself as a key transport link and …

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AG to release countrywide audit results

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How are South Africa’s municipalities performing financially? All will be revealed later on Wednesday when the annual report by the auditor general is released. The report is a litmus test for how municipalities are performing — a financial assessment on how well municipalities have spent taxpayers’ money. Last year, Treasury raised the …

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Focus on SEO crises, not individuals, ANC tells govt

The ANC wants the government to urgently attend to the apparent crises within its state-owned companies – but the problem must not be focused on individuals, secretary general Gwede Mantashe said on Monday. “The state-owned companies remain critical economic levers of the developmental state,” he told reporters in Johannesburg. “They …

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Business confidence drops in Dec

Sacci’s Business Confidence Index (BCI) shed 2.5 points in December 2014, declining to 88.3 from 90.8 in November, it said on Thursday. This was the lowest level since July 2014 when it measured 87.9, the SA Chamber of Commerce and Industry (Sacci) said in a statement. “Given the highest level …

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