Limpopo’s industrial park takes off ahead of construction

The industrial park that is being set up in the Limpopo province, close to the border with Zimbabwe, is gaining momentum.

Construction of the industrial park, known as the Musina-Makhado Special Economic Zone (SEZ), has not commenced yet, but the project is hitting the ground running and international investors are taking note.  

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Fast growth, labour reforms can solve youth unemployment

South Africa boasts the continent’s most industrialised economy, but is failing to provide jobs to millions of its unemployed youth.

With the economy now in a technical recession, it is unlikely that this crisis will end anytime soon, unless drastic policy interventions are implemented to boost growth. 

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Former IT man hopes dairy farming is a cash cow

Andile Mfingwana never liked being stuck behind a desk. It therefore makes sense that he gave up a hotshot career as an IT executive to become a farmer.

Mfingwana’s interest in farming began as a child. He watched his father manage a herd of cattle on communal grazing land in Franklin, on the outskirts of KwaZulu-Natal’s breathtaking Drakensberg.

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ANC wants to attract investors, tones down on populist rhetoric

The drafters of the ANC’s discussion document titled “Economic Transformation” must be alarmed at the policy uncertainty that the recent cabinet reshuffle has created. 

Last month, the South African foreign currency-denominated debt was downgraded to junk status by global credit rating agencies Standard & Poor’s Global and Fitch Ratings after the controversial cabinet reshuffle that saw President Jacob Zuma replacing his finance minister Pravin Gordhan with Malusi Gigaba.

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Power struggle between BMF and BLSA gave rise to radical policy

In the past few weeks, a three-word catchphrase has spooked investors. “Radical economic transformation” has become the catchphrase for supporters of the recent Cabinet reshuffle, which sent financial markets into a tailspin and led Standard & Poor’s and Fitch to downgrade South Africa’s debt to junk.

President Jacob Zuma said his restructured Cabinet, which affected 10 ministers and 10 deputy ministers in all, will drive radical economic transformation (RET). The rating agencies read this as a signal of a significant shift in South Africa’s economic policies, a prospect that has made investors nervous and raised fears of capital flight, rising interest rates, and the spectre of a recession. Since the Cabinet reshuffle, RET has been hotly debated. 

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