Koreans look to invest in PE
NELSON Mandela Bay may soon receive another international investment after a South Korean tele- communications company identified the city as a major investment opportunity base yesterday.
Chinese officials visit Bay to do business
FOLLOWING the R600-million investment by Chinese car manufacturing giants First Automobile Works (FAW), government officials from China were in Nelson Mandela Bay this week to explore more business opportunities.
Mossel Bay refinery lifeline
THE gas-to-liquids (GTL) refinery in Mossel Bay has been given a new lease on life with PetroSA giving the go-ahead for its R8-billion Project Ikhwezi to exploit new gas fields in the seabed off Mossel Bay.
Minister warns of stricter BEE legislation
BLACK economic empowerment points would be deducted from businesses not investing in enterprise and skills development, Trade and Industry Minister Rob Davies said yesterday.
‘Growth engines to change’, says Gordhan
WHILE the current economic crisis in developed nations may drag on “for as long as 20 years” to come, emerging economies had become the globe’s “new engines of economic growth,” Finance Minister Pravin Gordhan told delegates to the World Economic History Congress (WEHC 2012) in Stellenbosch yesterday.
PE insurance guru reaps big rewards
A PORT Elizabeth insurance guru, who owns a successful insurance firm in the Eastern Cape, attributes his accomplishments to his humble upbringing which motivated him to strive for greater things.
Other SA banks seen avoiding Absa’s bad debt woes
South Africa’s big lenders such as Standard Bank are unlikely to be hit by the spike in bad debts that has plagued rival Absa Group, thanks to their more prudent loan provisions.
EC ‘needs railroad upgrade’
LACK of coordinated transport infrastructure development in South Africa could leave the Eastern Cape still disadvantaged, delegates from the province at the SA Maritime Industry conference warned yesterday.
SARS will soon be able to search with no warrant
THE South African Revenue Service (SARS) will soon have the power to search business premises without a warrant.
Govt maritime policy ready soon – minister
SOUTH Africa could expect to have a comprehensive maritime industrial policy from government by the end of the year, Transport Minister Dikobe Ben Martins told delegates at a three- day national conference on maritime industry that began in Cape Town yesterday.
Drive to put BMF back in the picture
AFTER four years under the radar, the Black Management Forum (BMF) in Nelson Mandela Bay is trying to resuscitate itself by hosting regular networking functions in the city.
Article source: http://www.peherald.com/news/article/7317