Govt wants minimum stake in SA’s oil and gas projects

South Africa published a long-anticipated draft of oil and gas legislation that will give the state a 20% carried interest in exploration and production rights, with the aim of increasing development of the industry. The policy also calls for at least a 10% participating interest by black partners and the[…]

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BREAKING: Economy shrinks by 0.6% in third quarter

SA’s economy shrank by 0.6% in the three months to end-September, Stats SA announced on Tuesday. This is the second time this year that SA’s economy has contracted.  In the second quarter of the year the economy grew by 3.1%, after shrinking by 3.2% in the first quarter. Stats SA said one[…]

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‘Shameful’ US withholds food & medicine from Iranians while claiming to support them, FM Zarif says

Washington’s self-professed solidarity with Iranians protesting against rising fuel costs cannot be taken seriously since US sanctions have caused so much suffering in the Islamic Republic, Foreign Minister Javad Zarif said. “The regime that imposes coercive economic actions and bars delivery of food and drugs to the elderly and patients,[…]

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Ramaphosa says Free Trade agreement is a game-changer

President Cyril Ramaphosa, speaking at the second Africa Investment Forum in Sandton, called on investors to invest on the African continent Ramaphosa says the Africa Continental Free Trade Area Agreement (AFTCA) will be a game changer for investment and business opportunities in the next 10 years for Africa. The President[…]

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The genuine impact of counterfeit goods in SA

In a struggling economy like South Africa’s, purchasing legitimate – and often expensive – goods is a luxury not all can afford. Many in Cape Town, at least, know of someone or someplace that stocks counterfeit goods and often, very secretively, purchase from these distributors. However, many overlook the economic[…]

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Russia offers African leaders no-strings-attached business and protection from Western pressure

Heads of African countries have flocked to Russia for a first of its kind summit, where Moscow will be offering business ties and security arrangements alternative to ‘colonial-style’ relations with the West. Over the past decade, the African continent has become a battleground for geostrategic competition involving China, the US,[…]

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