growth
The Southern African Development Community
Quick profiles of the 15 member countries of the Southern African Development Community (SADC), which strives for regional integration to promote economic growth, peace and security in the southern African region.
SA’s IT market in good health
South Africa's information technology infrastructure outsourcing market earned between US$2.78-billion and $3.5-billion in 2006 and will reach a projected $5.6-billion by 2012, according to US consultancy Frost & Sullivan.
WAN told of SA’s successes
Deputy President Phumzile Mlambo-Ngcuka highlighted some of South Africa's successes at the 2007 World Association of Newspapers congress in Cape Town.
South Africa’s online visitors
Foreigners are not only visiting South Africa by the planeload, they're also a strong presence in South African cyberspace, significantly boosting the traffic of the country's news websites.
SA’s booming black middle class
South Africa's black middle class has grown by an astounding 30% in just over a year, and now wields an annual collective spending power of R180-billion, a new study finds. And according to the researchers, business has yet to tap the full potential of SA's most important, and dynamic, market segment.
Asgi-SA priorities unveiled
The South African government has set out 10 economic priorities to meet the Accelerated and Shared Growth Initiative of South Africa's target to reduce unemployment and poverty by 2014.
Tax returns made simple
The South African Revenue Service has launched a new, simpler income tax return and filing process to assist both individual and business taxpayers.
US group in $3.5bn Edcon buyout
US group Bain Capital has successfully clinched the biggest private equity deal yet in South Africa, with shareholders in retailer Edcon voting in favour of Bain's R25-billion takeover bid. The buyout is expected to give impetus to a number of other private equity deals in the pipeline in SA.
Sub-Saharan Africa to grow 6.5%
Economic growth in sub-Saharan African countries over the past three years has been the best in more than three decades, and is set to rise to around 6.5% in 2007, according to the International Monetary Fund's economic outlook for the region.
Biofuels boost for small towns
South Africa's Industrial Development Corporation and Central Energy Fund have identified five towns across the country to take part in a R3.2-billion biofuels project.
