South Africa has ranked 56th out of 144 countries, according to the World Economic Forum’s 2014/2015 Global Competitiveness Index (GCI). Last year the country’s ranking was 53rd out of 148. The index looked at 12 “pillars” — institutions, infrastructure, macroeconomic environment
Author: Sapa Reporter
President Jacob Zuma has not received a letter from the national assembly requesting him to suspend SABC chair Zandile Tshabalala, the presidency has said. “According to media reports, the portfolio committee on communications in the national assembly has recommended
President Jacob Zuma on Monday dismissed media reports that he was angry about the Gauteng ANC’s position on electronic tolling in the province. “South Africa is a democratic country and the leadership of the ANC in Gauteng has every right to state their views and that of the
The ANC in Gauteng wants to submit alternatives to e-tolling in the province, chairman Paul Mashatile said on Sunday. “Conference did not talk about scrapping the e-tolls. We said we don’t support e-tolling in its current form,” he told reporters at the
Consumers will be hit with a 12,7% electricity tariff hike next year, the National Energy Regulator of South Africa (Nersa) announced on Friday. Nersa approved Eskom’s plans to recoup losses after it had under-recovered money during the multi-year-price-determination
Taxpayers have had to pay close to R13m for two former SABC executives’ golden handshakes when they left the embattled broadcaster.The 2013/2014 annual report of the SABC, tabled in parliament this week, revealed that former CEO Lulama Mokhobo was paid just over R8m
National government, through roads agency Sanral, makes policy governing the e-tolling system on Gauteng roads, the transport department said on Friday. “There’s only one centre of policy making as far as government is concerned and that’s national government,” said department spokesman
The Public Investment Corporation (PIC) is to sink US$1bn into African investments and equities, according to finance minister Nhlanhla Nene. “The PIC will, in the new financial year, also focus on developmental investments in Africa, with a
o agreement has been entered into with Russia for the construction of nuclear power plants, the energy department said on Wednesday. The document recently signed between South Africa and Russia was an inter-governmental agreement – one of six sought from Russia and five other countries
The classic videogame Tetris, in which players slot a cascade of tumbling blocks together, is being turned into a science-fiction movie, the project’s developers said on Tuesday. Tetris has been a mainstay of computer gaming since it was