Tertiary institutions rack up R113m cash deficit
By SAPA – Johannesburg – The cash deficit for higher education institutions was R113m for the 2013 financial year, Statistics SA said on Wednesday. Cash receipts from operating activities amounted to R53 101m, an increase of R4 478m from 2012, according to Stats SA’s financial statistics of higher education institutions. “This increase was mainly due […]
As World Food Day Approaches, One In Four South Africans Are Hungry
By Daniel McLaren October 16 is World Food Day. As the 20th World Food Day since the establishment of our democracy dawns on South Africa, a grim shadow of hunger and malnutrition hangs over the gains of the democratic era. Section 27 of the South African Constitution guarantees the right to have access to sufficient […]
Policy Brief 7 – Community Monitoring Report
The Socio-Economic Rights (SER) monitoring tool developed by Studies in Poverty and Inequality Institute (SPII) provides a programmatic and long term approach to monitoring and evaluating the progressive realisation of SERs in South Africa.1 The tool combines policy and budget analysis and statistical indicators with the overall aim of guiding policy and the implementation of […]
SA mining is losing battle to raise capital
by Allan Seccombe – SA was losing the global battle for capital it needed to build new projects and was lagging far behind its international peers, Jim Rutherford, a nonexecutive director at Anglo American and former mining analyst with Capital Group, said. SA’s market capitalisation as a percentage of the global mining industry has slumped over […]
Africa’s Richest Man Aliko Dangote to invest in Tanzanian Coal Mine
By Mfonobong Nsehe Africa’s richest man, Aliko Dangote, has announced new plans to invest an undisclosed sum in the development of a major coal mine in Tanzania, even as he continues to expand his business interests across the continent. According to Tanzania’s Guardian newspaper, Dangote revealed his plans last week Thursday when he met Tanzania’s Vice […]
Makhura: Long live township economies, long live!
By GREG NICOLSON – Most of Gauteng’s population live in townships where Apartheid purposefully stifled economic development. Now, Premier David Makhura says it’s time government changed the system and unleashed the entrepreneurial potential. Jeffrey Malaudzi, 22, started Alexandra Bicycle Tours in 2010 to show tourists his township’s lifestyle, culture and history. The young entrepreneur has a […]
2014 MTBPS: feasibility and credibility
By Jac Laubscher Over the years the Medium Term Budget Policy Statement (MTBPS) has developed an importance of its own, comparable to that of the main budget. From a macro-economic perspective it contains almost all relevant information (updated economic assumptions as well as the headline fiscal numbers), with the main budget event in February filling […]
Ebola-hit Sierra Leone starts school by radio
By News 24 – Freetown – Sierra Leone on Tuesday launched an ambitious schooling effort for more than a million children denied their education due to the Ebola epidemic, saying lessons would be delivered via radio. Classes in a variety of subjects will be broadcast for four hours, six days a week, on 41 radio […]
Employment rate climbs to 2.7%
By Reauters with Fin 24 The number of people with jobs increased by 2.7% from the same period in 2013, according to Statistics South Africa.The June 2014 Quarterly Employment Statistics (QES) survey showed that employment was up by 229 000 jobs year on year and the largest increase was in community services. The agency said […]
Ivory Coast buoyed by record agricultural harvest
BY AFP The west African country is racking up record harvests for cocoa and cashew nuts of which it is a top global producer. New policies aimed at “modernising agriculture” and “making it more competitive” are bearing fruit and at the same time providing a bigger income for farmers, said Siaka Coulibaly, the chief of […]
