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Tag Archives: business news

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


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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