Latest News & Developments
special economic zone
Lesufi hails Tshwane mayor’s administration, declaring city an automotive hub
Gauteng Premier Panyaza Lesufi delivered the State of the Province Address at Tshwane Automotive Economic Zone, praising mayor Nasiphi Moya's leadership while announcing a R9. 6bn investment in TASEZ phase two, set to create over 6000 new jobs.
SONA 2025: Maimane and Hill-Lewis demand economic change and Cabinet streamlining
Mmusi Maimane and Geordin Hill-Lewis outline their expectations for the upcoming State of the Nation Address, calling for decisive economic reforms and a streamlined Cabinet to address South Africa’s pressing challenges.
Welcome to KZN – the country’s leading holiday hot spot for beautiful beaches, appealing attractions and festive fun
Summer is KZN’s biggest tourism season and the province is looking forward to welcoming holidaymakers with world-class hospitality.
The rise of Latin America: How Peru's port project challenges US misconceptions
The recently unveiled Chancay Port project gives Peru a new gateway to the Asia-Pacific region, slashing shipping times and boosting its logistics game.
Renewed hope for KZN after conference’s R76 billion pledge
KZN receives a lifeline with a R76 billion investment pledge aimed at creating 68 000 jobs, signalling renewed confidence in the province’s economic recovery.
Urgent call for Special Economic Zones in townships to combat unemployment
MP Nobuntu Hlazo-Webster urges the government to establish Special Economic Zones in townships to tackle unemployment and stimulate economic growth, citing the need for urgent action to uplift communities.
KZN cable car project still on the cards
Edtea MEC Reverend Musa Zondi said the project was established to add to the tourism offering of KZN and specifically to the Drakensberg region so it could boost tourism in the area.
Beijing slams US trade ban on cars with Chinese tech
China warned the United States on Monday not to take discriminatory actions against its firms, following reports Washington is planning to ban the sale of vehicles using Chinese and Russian technology.
Premier Ntuli to revive crucial business precinct ravaged by 2021 riots
KwaZulu-Natal Premier Thamsanqa Ntuli, who became premier in June, will hold a meeting with the businesses marred by a string of snags, which have led to their closures.
Forum on China-Africa Co-operation - Building a new chapter for the Global South
The 2024 Forum is set to deepen collaboration in economics, technology, culture and more.
Academics’ roles vital for building a high-quality China-Africa community – Xi Jinping
African scholars’ interaction with Chinese President Xi Jinping prior to FOCAC 2024 underscores the important role of academics in China-Africa relations.
KZN to save millions by merging entities
Four entities have been merged into two in a bid to save millions and reduce the duplication of services in KwaZulu-Natal.
BLSA offers solutions to Department Trade, Industry and Competition to help businesses grow
Busisiwe Mavuso, CEO of Business Leadership South Africa offers solutions to foster business confidence in the country.
BAIC says SA factory could produce cars for other Chinese brands as limited production commences
BAIC is talking with a number of Chinese carmakers about the possibility of doing joint-venture assembly deals as the capacity in the Coega plant grows.
Tshwane Automotive Special Economic Zone hailed for job creation
He said more than 65% of beneficiaries were from the surrounding communities such as Mamelodi.
Electricity crisis and load shedding emerge as key issues ahead of election
Load shedding and electricity were major topics of discussion at a panel discussion held in Durban.
Stellantis aiming to ultimately build 50,000 bakkies a year in SA as Coega plant forges ahead
Auto giant Stellantis has put the finishing touches on a deal that will see it building Peugeot bakkies in South Africa from late 2025.
Dube Trade Port expands operations with preview of two R180 million factories
The economy of KwaZulu Natal received a much-needed cash injection following a public-private partnership between the Dube TradePort Corporation (DTPC) and private sector investment after raising R1. 8 billion to expand the Dube Trade Zone precinct.
KZN’s Dube TradeZone enters second phase with R1. 8 billion early investment
The successful industrial zone adjacent to King Shaka International Airport is expanding into its second phase.
Zimbabwe open for business with neighbour, South Africa
This week, South Africa hosted the Zimbabwe Investment Summit which took place at the Radisson Hotel in Kempton Park on Thursday and Friday. The two-day economic drive was meant to highlight economic opportunities and potential partnerships that exist between the two neighbouring countries. Opening the summit held under the theme: Diversify and Thrive: Exploring Investment Opportunities in Zimbabwe on Thursday, Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion, Profe. . .
MEC Duma applauds multi-billion rand Wilmar project
Construction of the Wilmar Palm Oil Refinery in Richards Bay Industrial Development Zone has already created more than 1373 jobs.
Apple reaches $490m settlement over CEO’s China sales comments
Apple agreed to pay $490 million to settle a class-action lawsuit that alleged CEO Tim Cook defrauded shareholders by concealing falling demand for iPhones in China.
RBIDZ primed to add liquefied natural gas to SA’s energy mix
The strategic location of the Richards Bay Industrial Development Zone makes it ideal for energy infrastructure investment and development.
Asset managers making slow but steady progress on transformation
Reaching management control and employment equity targets remained a challenge for an industry dependent on scarce specialised skills such as actuarial and asset management expertise.
Fuel price hike to sting consumers as cost of living rises
Consumers in South Africa are in for a prolonged period of rising cost of living as the price of petrol is set to rise again in March, following a hefty hike this month, as the finance minister hikes the general fuel levy to shore up the government’s deteriorating revenue collection.