South Africa’s economy and financial markets are handling the global economic turmoil resiliently, with the country’s economy holding up better than most other developing nations, including Turkey and Brazil, who have seen a greater weakening in their own currency compared with the SA rand.
Partly due to the government regulations imposed on the banking sector and the control measures put into …

Cape Town is South Africa’s entrepreneurial centre, and, according to the international study analysing innovative development in 34 global cities, is streaks ahead of all other cities in the country.
The report was published under the Scientific Analysis of Entrepreneurship and SMEs as part of the SMEs and Entrepreneurship Programme and is a result of the five year examination of Global …

South African cellular company Vodacom is spending US$700-million (about R5.6-billion) to acquire Africa’s largest independent provider of interconnection through satellite and terrestrial infrastructure - Gateway Telecommunications.
According to Vodacom’s statement, the acquisition will provide the company with a platform for future growth and expansion; see them broaden their international presence in key markets throughout Africa, most notably Nigeria, and place them …

The Sandton City precinct is set to become Gauteng’s own Wall Street, when, in a show of commitment to South Africa and its economy, Liberty Properties’ huge investment of R1.77-billion is used to upgrade the area.
Sandton City, now deemed to be too “dark and tired” in recent surveys, was originally built in 1973 as a pioneer centre, and over the …

A new equity derivatives trading system, designed specifically for the South African market with the aim of bringing functionality and greater flexibility for local brokers, fund managers, market makers and other institutional investors, has been unveiled by the JSE.
The South African equity derivatives market is, in many instances, a world leader, with the JSE currently the largest single stock futures …

The Johannesburg Stock Exchange (JSE) has partnered with the FTSE Group and launched the FTSE/JSE Shariah Top 40 Index.
The Index is a selection of Shariah-compliant companies from the FTSE/JSE Shariah All-Share Index and will cater to those – including South Africa’s 850 000 strong Muslim community – looking to invest in companies that comply with Shariah, the body of Islamic …

Over the past five years, Johannesburg has had some R5-billion invested into its inner city as a result of South Africa’s Urban Development Zone (UDZ) tax initiative.
While other cities have grappled with getting the incentive off the ground, Joburg has been successful in launching theirs, with R1-billion of the investment already being completed and an estimated 40 000 jobs, short- …

An investment of R1-billion into Nissan’s manufacturing plant in Rosslyn is expected to create 300 jobs while increasing the plants current production output by 28 000 units per year.
The Renault-Nissan Alliance identified the plant, located just outside of Pretoria, as having the potential to maximise synergy between the two operations by developing the local components and accessories supply chain.
It …

A South African sugar firm has expanded its trade by establishing a subsidiary in the world’s largest sugar cane industry - Brazil.
The Durban-based sugar equipment and consulting company Bosch Projects, has branched out with the aim of marketing its patented Chainless Diffuser technology; advantages of the diffuser include low costs, retrofitting and easy expansion.
The licensing agreement was inked between newly …

One of the world’s finest premium beers has been introduced into the ever-expanding South African market.
Grolsch Premium Lager, of Dutch origin with a rich heritage reaching back to 1615, has been available at certain outlets from the beginning of the month.
The product was launched by SAB Ltd, a subsidiary of SABMiller plc, with a tight distribution plan designed to reach …