economy

economy

  • OUTA: E-tolls Have Failed

    The Oppostion to Urban Tolling Alliance (OUTA) believes the questionable execution of e-tolling in Gauteng had paved its road to failure.

    Speaking at an advisory panel on e-tolls which looks at the systems socioeconomic impact, OUTA chairperson Wayne Duvenage was demonstrating reasons for the failure of the system.

    Duvenage, states that, “We are wasting everyday peoples’ money… we need to switch the system off.”

    To read the article titled, “E-tolls failed: OUTA,” click here.

    Source: 
    Times Live
  • Africa Set for Oil and Gas Boom

    According to a study by PriceWaterhouseCoopers, six of the top 10 global discoveries in 2013 were made in Africa, with more than 500 companies now exploring across to the continent.

    The report’s advisory leader, Chris Bredenhann, states that large gas finds in Mozambique and Tanzania would make the world ‘take note of east Africa as an emerging player in the global industry.’

    The boom has brought investment opportunities to Africa, despite the lingering challenges of corruption, lack of infrastructure and regulation.

    To read the article titled, “Africa set for oil and gas boom - report,” click here.

    Source: 
    The Citizen
  • NGO Warns of a Looming Coup in Zimbabwe

    A rights organisation warns that a coup remains imminent in Zimbabwe if the current ‘serious economic situation’ in the southern African country persists.

    Crisis in Zimbabwe Coalition chairperson, Dewa Mavinga, warns that there could be a military upset in the country if the cash-strapped government failed to pay the army.

    Mavinga compared the situation in Zimbabwe with that in Lesotho where an attempted coup forced Prime Minister, Tom Thabane, to flee to South Africa, cautioning that the Southern African Development Community should prepare for a potential catastrophe.

    To read the article titled, “Group warns of a looming coup in Zimbabwe,” click here.

    Source: 
    News 24
  • Zambia Lifts Ban on Safari Hunting

    Zambia’s government states that it has lifted the 20-month ban on safari hunting because it has lost too much revenue, but lions and leopards will remain protected.

    The ban was imposed in January 2013 over allegations of corruption in the awarding of government hunting concessions, and because of fears for the future of the country's population of big cats.

    Tourism Minister, Jean Kapata, declares that the country has lost too much revenue following the ban on hunting and the Zambia Wildlife Authority had a lot of financial problems, adding that, hunting fees will be raised.

    To read the article titled, “Zambia lifts ban on safari hunting,” click here.

    Source: 
    News 24
  • Integrated Approach Required to End Crime

    Police minister, Nkosinathi Nhleko, says that crime can only be successfully fought through an integrated approach between society and government.

    Speaking at the Cape Town Anti-Crime Conference organised by the Congress of the South African Trade Unions in the Western Cape, Nhleko said the ‘mother city’ is a world renowned tourism destination but it has its fair share of crime.

    “The socio economic condition, if it is not addressed, will always produce criminality and it's not the police that are going stand on the side with everything that they have to arrest everybody and then resolve the socio economic condition. It's not going happen that way,” he warned.

    To read an article titled, “‘Integrated approach between society and govt needed to end crime’,” click here.

    Source: 
    SABC News
  • Zimbabwe's Health System in Crisis

    Economists, government officials and health experts agree that Zimbabwe’s deepening economic crisis is severely affecting the government’s ability to fund public health delivery and restricting poor people access to healthcare.

    The economy showed signs of modest improvement under the government of national unity (GNU) between 2009 and 2013, however industry has been performing poorly and company closures have increased since the Zimbabwe African National Union – Patriotic Front (ZANU-PF) won the general elections in July 2013.

    John Robertson, an independent economist based in Harare, expresses that, “It is not surprising that people’s right to health has been compromised by the state of the economy” and that, “Health services are suffering a funding deficit because of the current economic crisis, which has worsened in the post-GNU period.”

    To read an article titled, “Zimbabwe's health system in crisis,” click here.

    Source: 
    IRIN News
  • Government Ignored TRC Recommendations

    The South African government has ignored recommendations given to it after the Truth and Reconciliation Commission (TRC), and this has damaged South Africans’ chances of reconciliation.

    Speaking in a panel discussion, Alex Boraine, former vice-chairman of the TRC, insists that reconciliation was ‘dead on the vine’ as it was not coupled with economic justice, and this had not happened.

    Boraine further adds that, “The TRC discovered the truth and brought about healing. Unfortunately its momentum was lost when the government took forever to implement some of the recommendations and completely ignored others.”
     
    To read the article titled, “Government failed us’ after TRC,” click here.

    Source: 
    IOL News
  • Youth Should Play in Developing Africa

    The Deputy Minister of International Relations and Cooperation, Luwellyn Landers, says that young people should play a pivotal role if Africa’s envisaged development is to be realised.

    Addressing a national youth consultative forum on the African Union’s Agenda 2063, Landers affirmed that, “We are fully cognisant that the young people of today are the main players and partners if we wish to move the process of the development of the continent forward.”

    He added that the vision projected in Agenda 2063 can only be achieved through the active engagement and participation of the African youth who will deliver to the younger generations 50 years from now.

    To read the article titled, “Africa’s hope is its youth - Luwellyn Landers,” click here.

    Source: 
    City Press
  • NDP Implementation to be Accelerated

    The government intends to accelerate the implementation of the National Development Plan (NDP) in a bid to unlock the country's growth potential.
     
    According to Communications Minister, Faith Muthambi, the government is alive to the growth challenges that the country faces, following a Cabinet meeting.
     
    “Government is committed to improving the regulatory environment, reducing skills shortages and accelerating its infrastructure investment programme as part of removing obstacles that are constraining growth,” she explains.
     
    To read the article titled, “Govt to speed up NDP implementation,” click here.

    Source: 
    Fin 24
  • Women Still Marginalised in Africa - IWF

    The International Women's Forum (IWF), a global organisation of prominent women of significant and diverse achievements, says that women are still marginalised in different sectors of the economy across Africa.

    IWF president, Dr Vuyo Mahlathi, points out that a lot has to be done to ensure women’s participation in the economy.

    The IWF hosted women from different parts of the world for an annual conference to focus on issues affecting women in Africa.

    To read the article titled, “Women still marginalised in Africa: Mahlathi,” click here.

    Source: 
    SABC News
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