Finance South Africa Latest Information

Finance South Africa Latest Information

South Africa’s Unemployment Rate Declines to Lowest Level Since June 2009
South Africa’s unemployment rate declined to 23.9 percent in the fourth quarter as the manufacturing and retail industries in Africa’s biggest economy added jobs.

South Africa minister: Mines won't be nationalized
Nationalization is not an option for South Africa's troubled mining industry, the country's mining minister told an international audience Tuesday.A nationalization debate within mining minister Susan ...

South Africa Promises To Consult On Mining Taxes
Despite rumblings within South Africa’s ruling party, the African National Congress (ANC), Trevor Manuel, the National Planning Minister, confirmed at the African Mining Conference that no sudden new taxes would be levied on the country’s mining sector.

South Africa Promises To Consult Before New Mining Taxes
Despite rumblings within South Africa’s ruling party, the African National Congress (ANC), Trevor Manuel, the National Planning Minister, confirmed at the African Mining Conference that no sudden new taxes would be levied on the country’s mining sector.

South Africa Mines Won't Be Nationalized, Minister Says
JOHANNESBURG — Nationalization is not an option for South Africa's troubled mining industry, the country's mining minister told an international audience Tuesday.

S.Africa's Q4 jobless rate falls to 23.9 percent
PRETORIA (Reuters) - South Africa's official jobless rate eased to 23.9 percent of the labour force in the fourth quarter of 2011 from 25.0 percent in the third as new jobs were added in the trade, social services and manufacturing sectors, a survey showed on Tuesday. But growth in Africa's largest economy still remains far below the levels needed to make a significant dent on unemployment, one ...

Mauritius' AfrAsia CEO sees IPO as early as this year
JOHANNESBURG (Reuters) - Mauritian lender AfrAsia is looking to do an initial public offering (IPO) as early as this year and could list its shares in both Johannesburg and its home market, its chief executive said on Tuesday. AfrAsia, which has a corporate finance team in South Africa, is looking to do more deals between Africa and Mauritius as well as Asia, James Benoit said. "We're looking at ...

Minister: No tax surprises for South Africa's platinum miners 7th February 2012
South Africa's platinum group metal miners will not be surprised with any sudden new taxes, a government minister said Monday (February 6th).

South Africa: Movie Star Joins Govt to Help Youth
[BuaNews] Durban - Popular South African actress Leleti Khumalo has joined forces with the KwaZulu-Natal government to help improve the standard of living for many youths.

S.Africa will not spring new tax on mines: minister
CAPE TOWN (Reuters) - South Africa will not surprise mining companies with sudden new taxes, although it may adjust existing tax codes, a leading government minister said on Monday. "If there is to be change, I'm pretty sure that the finance minister and department of mineral resources will take a long-term view and not impose this one fine morning," Trevor Manuel, the National Planning minister ...

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