Mozambique rescues Eskom

South African power utility, Eskom has announced a five year plan to import extra power from Mozambique. South Africa already imports 1250MW from the Cohora Bassa hydro-electric facility, but on Thursday, 3 April, Eskom signed a deal to import an extra 250MW.

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Record fuel prices hit SA consumers

South African consumers will be tightening their belts as their disposable income is eaten away by petrol price increases.

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Alcan heads for Malaysia

Just days after announcing that it had put plans on hold for an aluminium smelter at Coega, Rio Tinto Alcan announced that it had been given the go-ahead by the Malaysian Industrial Development Authority for a R16-billion facility in the state of Sarawak.

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Tourism – South Africa and Eastern Cape are not naturally the best

South Africa – and in particular the Eastern Cape – faces strong challenges in becoming competitive in the world tourism market.

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Toyota exporting 147 000 vehicles to 40 destinations

During 2008, Toyota South Africa says it will export 147 000 vehicles to 40 destinations. This follows a five-year, multi-billion rand plant modernisation and revitalisation programme at Toyota's Prospecton plant outside Durban.

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Petrol may hit R8,56 a litre in South Africa

Companies and private motorists have been warned to brace themselves for the biggest petrol price hike ever in South Africa's history. Econometrix senior analyst Tony Twine predicts that the fuel price could go up by as much as 63 cents a litre next Wednesday.

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Major golf resort investment for Mozambique

Dubai World Africa as announced that it will invest US$200 million in an eco golf and beach resort in Mozambique. Situated just north of Maputo, and covering 1,000 hectares, the full investment includes an international competition standard golf course, a five star hotel and 500  …

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Tax Incentives for South African Business

The South African Government has budgeted R5-billion in tax incentives over the next three years to promote industrial development, according to president Thabo Mbeki. He announced this in his State of the Nation Address at the opening of Parliament.

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First ship for Ngqura port

The R3,9-billion port of Ngqura outside of Port Elizabeth will start operating in the second half of this year when ships start offloading equipment for the new harbour – on its own quays – says Transnet National Ports Authority (NPA) Port Elizabeth and Ngqura harbour manager …

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South African Airports implement new self-service kiosks

Thursday, 07 February 2008 New self-service check-in kiosks at four of South Africa's major airports could reduce the average person's check-in time to less than a minute.

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18 year olds with signing powers affect business in South Africa

Businesses offering credit are going to face dilemmas with the passing of the Children's Act 35 of 2005, which gives 18-year-olds full signing powers.

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