Asgisa -
Accelerated and Shared Growth Initiative for South Africa
JOB CREATION
Transnet projects to create 300 000 jobs
Mon, 01 Mar 2010
Infrastructure investments by transport parastatal Transnet are expected to create over 300 000 jobs and boost economic growth in four provinces in the country, says Transport Minister S’bu Ndebele.
...more
JOB CREATION
Eskom expands capacity, creates jobs
Mon, 01 Mar 2010
Eskom has recruited about 5000 unskilled workers from the town of Lephalale in the construction of its Medupi power station in Limpopo, says Minister of Public Enterprises Barbara Hogan.
...more
Nersa announces power price hikes
Wed, 24 Feb 2010
National Energy Regulator of SA (Nersa) has announced that electricity tariffs will go up by 24.8 percent, 25.8 percent and 25.9 percent over the next three years.
...more
JOB CREATION
Doidge explains 482 000 job opportunities
Wed, 24 Feb 2010
Minister of Public Works Geoff Doidge has explained the 482 000 job opportunities that government’s Expanded Public Works Programme created between April and December last year.
...more
GROSS DOMESTIC PRODUCT
GDP beats market expectations
Wed, 24 Feb 2010
GDP up 3.2 percent
Tue, 23 Feb 2010
South Africa’s Gross Domestic Product (GDP) in the fourth quarter of 2009 grew by 3.2 percent, Statistics South Africa (Stats SA) announced on Tuesday.
...more
JOB CREATION
Infrastructure development to assist job creation
Tue, 23 Feb 2010
The Gauteng provincial government has identified infrastructure development, in the form of intensive labour projects, as key to the province’s job creation strategy.
...more
STATE-OWNED ENTITIES
Moves to tighten grip on state entities
Mon, 22 Feb 2010
Government says it’s committed to ensuring that the capital investment programme of state-owned entities remains on course while work is underway to strengthen their management and oversight. Chris Bathembu reports.
...more
SA'S GROSS DOMESTIC PRODUCT
Economists upbeat about GDP figures
Mon, 22 Feb 2010
Statistics South Africa (Stats SA) will this week release the country’s Gross Domestic Product (GDP) for the forth quarter of 2009 and economists are cautiously upbeat about it.
...more
INDUSTRIAL POLICY ACTION PLAN
Industrial plan to create 2.4 million jobs
Thu, 18 Feb 2010
Government aims to create 2.4 million jobs by 2020 with the launch of the new Industrial Policy Action Plan, said the Minister of Trade and Industry Rob Davies.
...more
NATIONAL BUDGET
Education budget gets R17bn hike
Wed, 17 Feb 2010
Education continued to receive the lion's share of the country's budget with Finance Minister Pravin Gordhan on Wednesday announcing an allocation of R165 billion to the Basic Education and Higher Education departments for the next financial year. This is up by more than R17 billion as compared to the previous year.
...more
BUDGET SPEECH 2010
New model of growth, job creation identified
Wed, 17 Feb 2010
Government is looking at ways to boost employment creation and economic growth as South Africa emerges from the global economic recession, says Finance Minister Pravin Gordhan.
...more
NATIONAL BUDGET 2010
Drinkers, smokers feel budget pinch
Thu, 18 Feb 2010
Drinkers and smokers won’t be smoking the peace pipe with Finance Minister Pravin Gordhan any time soon after he hit them where it hurts most, reports Gabi Khumalo.
...more
NATIONAL BUDGET 2010
South Africans fairly pleased with budget
Thu, 18 Feb 2010
While most South Africans who spoke to BuaNews commended Finance Minister Pravin Gordhan for increases in social grants, health and education, others were upset about the fuel price increase. Gabi Khumalo reports.
...more
NATIONAL BUDGET 2010
Business lauds Gordhan’s fiscal sustainability
Thu, 18 Feb 2010
Business and economists have welcomed Finance Minister Pravin Gordhan’s Budget Speech as South Africa slowly makes its way out of a recession.
...more
NATIONAL BUDGET 2010
Public sector wage bill strains fiscus
Thu, 18 Feb 2010
The Financial and Fiscal Commission says while it welcomes the increased budget allocations in the areas of health and education, it remains concerned about the rapid increase in the public sector wage bill.
...more
NATIONAL BUDGET 2010
Grant increases for children, elderly
Wed, 17 Feb 2010
Government will spend R89 billion over the next financial year on social grants in the face of increasing unemployment and the impact of last year’s recession.
...more
NATIONAL BUDGET 2010
R52bn for public works projects
Wed, 17 Feb 2010
Around R52 billion will be made available in the next three years to roll out various Expanded Public Works projects over the next three years.
...more
NATIONAL BUDGET 2010
Clampdown on tax dodgers
Wed, 17 Feb 2010
R6.5bn relief for taxpayers
Wed, 17 Feb 2010
Taxpayers will breath a proverbial sigh of relief this year with the decision by government not to raise tax rates for businesses or individuals, to make up for the R69 billion tax shortfall this year, said Finance Minister Pravin Gordhan who has instead proposed a “moderate” tax relief of just R6.5 billion for this year.
...more
BUDGET SPEECH 2010
Govt to save R23bn over three years
Wed, 17 Feb 2010
A ministerial task team will help government save R6.5 billion this year and a total of R23 billion over the next three years, says Finance Minister Pravin Gordhan.
...more
BUDGET SPEECH 2010
Govt won’t fix Rand, end inflation targeting
Wed, 17 Feb 2010
Inflation targeting would continue and there were no plans to fix the rand, the Finance Minister announced on Wednesday.
...more
BUDGET SPEECH 2010
More money for HIV/AIDS treatment
Wed, 17 Feb 2010
Government will be stepping up the fight against HIV and AIDS with the announcement of a further R3 billion towards its national prevention and treatment programme.
...more
BUDGET SPEECH 2010
Gordhan should put money towards 5 priorities
Wed, 17 Feb 2010
With hours to go before Pravin Gordhan delivers his maiden Budget Speech, South Africans have urged the Finance Minister to put more money towards achieving the five priorities identified by government. Gabi Khumalo reports.
...more
BUDGET SPEECH 2010
All set for Gordhan’s maiden address
Wed, 17 Feb 2010
All eyes will be on Finance Minister Pravin Gordhan today when he delivers his maiden Budget Speech amid circumstances dictated to by an unfavourable economic climate.
...more
ENTERPRISE DEVELOPMENT
Opportunities for success in business failure
Tue, 16 Feb 2010
Don't douse the flame, says Allon Raiz, second-start entrepreneurs have a vital role to play in reconstructing our economy. As we deal with the fallout of the 2009 economic recession, it is vital that we remove the stigma attached to business failure.
...more
ECONOMIC INDICATORS
Still tough times for SA households
Thu, 21 Jan 2010
Eskom hearings move to Joburg
Thu, 21 Jan 2010
CPI falls within target range at 5.9%
Thu, 26 Nov 2009
SABC board welcomes R1.4bil bank guarantee
Thu, 26 Nov 2009
R25 million solar energy project launched
Thu, 26 Nov 2009
SA emerging from recession
Tue, 24 Nov 2009
JOB CREATION
Transnet projects to create 300 000 jobs
Mon, 01 Mar 2010
Infrastructure investments by transport parastatal Transnet are expected to create over 300 000 jobs and boost economic growth in four provinces in the country, says Transport Minister S’bu Ndebele.
...moreEskom expands capacity, creates jobs
Mon, 01 Mar 2010
Eskom has recruited about 5000 unskilled workers from the town of Lephalale in the construction of its Medupi power station in Limpopo, says Minister of Public Enterprises Barbara Hogan.
...moreHarvard University research
A team of researchers from Harvard University, and other leading US educational institutions, is working with the SA National Treasury to support the Asgisa programme.
The group is researching the constraints facing the South African economy and the opportunities for accelerated growth. View the Harvard research
A team of researchers from Harvard University, and other leading US educational institutions, is working with the SA National Treasury to support the Asgisa programme.
The group is researching the constraints facing the South African economy and the opportunities for accelerated growth. View the Harvard research
The Economy
ELECTRICITY TARIFFSNersa announces power price hikes
Wed, 24 Feb 2010
National Energy Regulator of SA (Nersa) has announced that electricity tariffs will go up by 24.8 percent, 25.8 percent and 25.9 percent over the next three years.
...moreDoidge explains 482 000 job opportunities
Wed, 24 Feb 2010
Minister of Public Works Geoff Doidge has explained the 482 000 job opportunities that government’s Expanded Public Works Programme created between April and December last year.
...moreGDP beats market expectations
Wed, 24 Feb 2010
South Africa’s Gross Domestic Product in the fourth quarter of 2009, which is up 3.2 percent, has exceeded market expectations.
...more
GROSS DOMESTIC PRODUCTGDP up 3.2 percent
Tue, 23 Feb 2010
South Africa’s Gross Domestic Product (GDP) in the fourth quarter of 2009 grew by 3.2 percent, Statistics South Africa (Stats SA) announced on Tuesday.
...moreInfrastructure development to assist job creation
Tue, 23 Feb 2010
The Gauteng provincial government has identified infrastructure development, in the form of intensive labour projects, as key to the province’s job creation strategy.
...moreMoves to tighten grip on state entities
Mon, 22 Feb 2010
Government says it’s committed to ensuring that the capital investment programme of state-owned entities remains on course while work is underway to strengthen their management and oversight. Chris Bathembu reports.
...moreEconomists upbeat about GDP figures
Mon, 22 Feb 2010
Statistics South Africa (Stats SA) will this week release the country’s Gross Domestic Product (GDP) for the forth quarter of 2009 and economists are cautiously upbeat about it.
...moreIndustrial plan to create 2.4 million jobs
Thu, 18 Feb 2010
Government aims to create 2.4 million jobs by 2020 with the launch of the new Industrial Policy Action Plan, said the Minister of Trade and Industry Rob Davies.
...moreEducation budget gets R17bn hike
Wed, 17 Feb 2010
Education continued to receive the lion's share of the country's budget with Finance Minister Pravin Gordhan on Wednesday announcing an allocation of R165 billion to the Basic Education and Higher Education departments for the next financial year. This is up by more than R17 billion as compared to the previous year.
...moreNew model of growth, job creation identified
Wed, 17 Feb 2010
Government is looking at ways to boost employment creation and economic growth as South Africa emerges from the global economic recession, says Finance Minister Pravin Gordhan.
...moreDrinkers, smokers feel budget pinch
Thu, 18 Feb 2010
Drinkers and smokers won’t be smoking the peace pipe with Finance Minister Pravin Gordhan any time soon after he hit them where it hurts most, reports Gabi Khumalo.
...moreSouth Africans fairly pleased with budget
Thu, 18 Feb 2010
While most South Africans who spoke to BuaNews commended Finance Minister Pravin Gordhan for increases in social grants, health and education, others were upset about the fuel price increase. Gabi Khumalo reports.
...moreBusiness lauds Gordhan’s fiscal sustainability
Thu, 18 Feb 2010
Business and economists have welcomed Finance Minister Pravin Gordhan’s Budget Speech as South Africa slowly makes its way out of a recession.
...morePublic sector wage bill strains fiscus
Thu, 18 Feb 2010
The Financial and Fiscal Commission says while it welcomes the increased budget allocations in the areas of health and education, it remains concerned about the rapid increase in the public sector wage bill.
...moreGrant increases for children, elderly
Wed, 17 Feb 2010
Government will spend R89 billion over the next financial year on social grants in the face of increasing unemployment and the impact of last year’s recession.
...moreR52bn for public works projects
Wed, 17 Feb 2010
Around R52 billion will be made available in the next three years to roll out various Expanded Public Works projects over the next three years.
...moreClampdown on tax dodgers
Wed, 17 Feb 2010
Cash-based businesses that avoid making VAT payments are among those entities and individuals that government aims to target in a bid to reduce tax avoidance and tax restructuring.
...more
NATIONAL BUDGET 2010R6.5bn relief for taxpayers
Wed, 17 Feb 2010
Taxpayers will breath a proverbial sigh of relief this year with the decision by government not to raise tax rates for businesses or individuals, to make up for the R69 billion tax shortfall this year, said Finance Minister Pravin Gordhan who has instead proposed a “moderate” tax relief of just R6.5 billion for this year.
...moreGovt to save R23bn over three years
Wed, 17 Feb 2010
A ministerial task team will help government save R6.5 billion this year and a total of R23 billion over the next three years, says Finance Minister Pravin Gordhan.
...moreGovt won’t fix Rand, end inflation targeting
Wed, 17 Feb 2010
Inflation targeting would continue and there were no plans to fix the rand, the Finance Minister announced on Wednesday.
...moreMore money for HIV/AIDS treatment
Wed, 17 Feb 2010
Government will be stepping up the fight against HIV and AIDS with the announcement of a further R3 billion towards its national prevention and treatment programme.
...moreGordhan should put money towards 5 priorities
Wed, 17 Feb 2010
With hours to go before Pravin Gordhan delivers his maiden Budget Speech, South Africans have urged the Finance Minister to put more money towards achieving the five priorities identified by government. Gabi Khumalo reports.
...moreAll set for Gordhan’s maiden address
Wed, 17 Feb 2010
All eyes will be on Finance Minister Pravin Gordhan today when he delivers his maiden Budget Speech amid circumstances dictated to by an unfavourable economic climate.
...moreOpportunities for success in business failure
Tue, 16 Feb 2010
Don't douse the flame, says Allon Raiz, second-start entrepreneurs have a vital role to play in reconstructing our economy. As we deal with the fallout of the 2009 economic recession, it is vital that we remove the stigma attached to business failure.
...moreStill tough times for SA households
Thu, 21 Jan 2010
Retail trade sales in November 2009 fell by 6.6 percent, indicating that South African households are still facing tough times. Statistics South Africa (Stats SA) announced that retail trade sales, at constant (2008) prices, for November 2009 reflected a decrease of 6.6 percent compared with November 2008.
...more
ENERGY POLICYEskom hearings move to Joburg
Thu, 21 Jan 2010
Hearings into Eskom's proposed 35 percent tariff increase in electricity prices are to take place in Johannesburg with the public and business voicing their concerns. The National Energy Regulator of South Africa (Nersa) will hold public hearings into the parastatal's request at Gallagher Estate. Acting Eskom CEO Mpho Makwana is expected to open the hearings.
...more
CONSUMER PRICE INDEXCPI falls within target range at 5.9%
Thu, 26 Nov 2009
The Consumer Price Index for October 2009 fell within the South African Reserve Bank’s inflation target range at 5.9 percent, reported Statistics South Africa. This is the first time in 31 months that the annual inflation rate has fallen within the bank’s monetary policy target range.
...more
SABCSABC board welcomes R1.4bil bank guarantee
Thu, 26 Nov 2009
Chairperson of the South African Broadcasting Corporation (SABC) Irene Charnley has welcomed the approval of a R1.473 billion bank guarantee. The guarantee, approved by National Treasury, will be released in tranches, with a draw-down of R1 billion made available immediately.
...more
ENERGY POLICYR25 million solar energy project launched
Thu, 26 Nov 2009
A R25 million EPWP programme has been launched that not only promotes jobs and training but energy efficiency adaptation as well. The Kuyasa Clean Development Mechanism Project (CDM) project involves the retrofitting of solar water heater (SWHs), insulated ceilings and energy efficient lighting in over 2 000 low-cost homes.
...more
THE ECONOMYSA emerging from recession
Tue, 24 Nov 2009
South Africa’s Gross Domestic Product (GDP) for the third quarter of 2009 increased by 0.9 percent, Statistics South Africa (Stats SA) announced. “The seasonally adjusted real GDP at market prices for the third quarter of 2009 increased by an annualized 0.9 percent compared with the second quarter of 2009,” said Stats SA.
...more
Previous Articles
JIPSA
Training budgets decline amid financial uncertainty
Mon, 20 Apr 2009
There is a risk that investment in training and HR development will decline in the immediate future. However, the Jipsa annual report stresses the need to keep spending on human resources. When the economy recovers, companies won't be able to find suitably qualified staff unless they train them now.
...moreJipsa has not failed, says Presidency
Thu, 18 Sep 2008
The office of the Deputy President has reiterated that the Joint Initiative for Priority Skills Acquisition (Jipsa) which aims to develop the skills that are most urgently needed in the country has not failed. “Jipsa has been successful, promoting several strong interventions to ensure that the shortage is less severe than it would have been,” the Presidency said.
...more
CALL CENTRESGlobal call centre to service Shell’s customers, improve growth
Wed, 14 May 2008
Deputy President Phumzile Mlambo-Ngcuka has opened a global call centre that will service customers for the oil multinational, Royal Dutch Shell, and improve economic growth in the country.
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THE JOINT INITIATIVE FOR PRIORITY SKILLS ACQUISITIONPartnerships vital for providing SA with skills for economic growth
Fri, 25 Apr 2008
The Joint Initiative for Priority Skills Acquisition (JIPSA) has proved successful in creating partnerships with business, labour and the public sector in mobilising existing skills for economic growth.
...more
BUSINESS UNITY SOUTH AFRICA BUSA to support govt’s antipoverty programmes
Fri, 25 Apr 2008
Business Unity South Africa (BUSA) has reaffirmed its commitment to help governments’ antipoverty programmes to ensure socio-economic goals for 2014 are turned into a reality.
...more
ASGISAEmpowering women vital to war on poverty
Fri, 25 Apr 2008
Appointing herself as a ceremonial “commander in chief” in the fight against poverty, Deputy President Phumzile Mlambo Ngcuka stressed that if we don’t empower women then poverty would persist.
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