SA invites India to invest in infrastructure plan

Wed, 02 May 2012

As part of efforts to deepen relations with India, South Africa has invited the Asian nation to invest in the country’s massive infrastructure plan announced in the State of the Nation Address.

Seda facilitates R300m worth of payments

Wed, 02 May 2012

SEDA has played a significant role in helping SMMEs stay afloat through its Payment Assistance Hotline which administered R300 million worth of late payments on behalf of SMMEs for services rendered to public sector institutions.

SA, Saudi Arabia deepen relations

Mon, 30 Apr 2012

With the view of enhancing bilateral cooperation between South Africa and Saudia Arabia on areas of economic cooperation, Deputy Minister Ebrahim Ebrahim has begun a two-day tour to the Middle East and Asia.

SA pushing for BRICS Development Bank

Thu, 26 Apr 2012

The DevelopmentBank by the Brazil, Russia, India, China and South Africa (BRICS) grouping, is expected to supplement the existing efforts of multilateral and regional financial institutions for global growth and development.

IDC balance sheet will boost Sefa

Wed, 25 Apr 2012

The Small Enterprise Finance Agency (Sefa) will have access to millions of rands of funding from the balance sheet of the Industrial Development Corporation (IDC), says the Minister of Economic Development Ebrahim Patel.

New small business agency Sefa gets R780m boost

Wed, 25 Apr 2012

Small businesses will get a capital injection of over R780m, with the signing of an agreement between the China Development Bank and the Industrial Development Corporation (IDC) and the Minister of Economic Development Ebrahim Patel.

'More effective IDC increases loan approvals by 35%

Wed, 25 Apr 2012

The Industrial Development Corporation (IDC) has increased its turnaround time for approval of loans to businesses and has increased loans approvals by over 35%, the Minister of Economic Development Ebrahim Patel said in his Budget Vote speech.

IDC balance sheet will boost Sefa

Wed, 25 Apr 2012

The Small Enterprise Finance Agency (Sefa) will have access to millions of rands of funding from the balance sheet of the Industrial Development Corporation (IDC), says the Minister of Economic Development Ebrahim Patel.

New small business agency Sefa gets R780m boost

Wed, 25 Apr 2012

Small businesses will get a capital injection of over R780m, with the signing of an agreement between the China Development Bank and the Industrial Development Corporation (IDC) and the Minister of Economic Development Ebrahim Patel.

'More effective IDC increases loan approvals by 35%

Wed, 25 Apr 2012

The Industrial Development Corporation (IDC) has increased its turnaround time for approval of loans to businesses and has increased loans approvals by over 35%, the Minister of Economic Development Ebrahim Patel said in his Budget Vote speech.

Public comment sought on capital gains taxes

Tue, 17 Apr 2012

National Treasury has released for public comment proposals related to how increased capital gains tax rates will be applied to long-term insurers in 2012.The proposed changes in capital gains tax inclusion rates will take effect for all disposals of assets from 1 March 2012.

World Bank president election process questioned

Tue, 17 Apr 2012

Since its establishment the presidency of the World Bank has always gone to a US candidate. Will this year be any different? The world watches as directors of the World Bank make a decision on who the body’s next president will be.

SA economy improving: Gordhan

Mon, 16 Apr 2012

Despite the damaging effects caused by economic uncertainty South Africa’s economy is improving and its growth is stable according to Minister of Finance Pravin Gorhan. The minister’s comments come ahead of the G20 meeting which is expected to address the European crisis.