Archive for February 21st, 2010

source: Mmegi

South Africa’s economy is expected to grow by 2.3 percent in 2010 after contracting 1.8 percent last year, but unemployment remains a critical challenge after recession slashed about 900,000 jobs, the National Treasury said on Wednesday.

In its 2010 budget review, the Treasury said South Africa needed policy adjustments to drive faster and more inclusive growth, create more jobs, and reduce poverty.

President Jacob Zuma’s ANC government is under increasing pressure from its key labour union and communist allies to increase spending to boost growth, create jobs and improve the lives of millions mired in poverty nearly 16 years after the advent of democracy.

The unions say the poor have borne the brunt of South Africa’s its first recession in 17 years last year, which resulted from [continue reading]

source: News24
2010-02-18 17:04

Johannesburg – The first commercial flight of the world’s largest passenger plane landed at OR Tambo International Airport in Johannesburg on Thursday, the Airports Company of SA (Acsa) said.

Acsa spokesperson Solomon Makgale said the Air France-KLM Airbus A380 landed at 11:06 after a direct flight from Paris.

“This is the second time the A380 has landed at OR Tambo International Airport,” Makgale said.

“The first time was in November 2006, when its manufacturer, Airbus Industries, successfully conducted proving tests.”

Air France-KLM was the first airline to use the [continue reading]

source: Mmegi

SELEBI-PHIKWE: Dreams of residents of this town were last week dashed by the Minister of Finance and Development Planning, Kenneth Matambo by delivering a budget speech that quashed their expectations.

Speaking during a budget review dialogue, organised by the Botswana Conuncil for Non-governmental Organisations ((BOCONGO) on Monday, Botswana National Front (BNF) publicity secretary, Moeti Mohwasa said the future of Selebi-Phikwe and the region is uncertain.

He said Matambo’s maiden budget speech had nothing for the Southern African Development Community (SADC) region. “It has been officially announced that BCL Mine will be closing in 2013 and we are just wondering what will [continue reading]

source: allAfrica (Washington, DC)
Merle David Kellerhals Jr.
17 February 2010

In the past eight years, U.S. trade with sub-Saharan Africa has more than doubled as Africans improve their lives and livelihoods while exporting an ever-expanding list of goods to the United States, says Deputy U.S. Trade Representative Demetrios Marantis.

“At the same time, American companies and workers have found new opportunities to do business in Africa — providing inputs and expertise to aspiring African entrepreneurs, participating in joint-venture partnerships, and increasing American exports and investments,” Marantis said in a February 16 speech at Makerere University in Kampala, Uganda. Makerere, Uganda’s largest and oldest university, was established in [continue reading]