May 23, 2017

MAP SEZ launch a special development, says Zuma

President Jacob Zuma (pictured) says the launch of the Maluti-a-Phofung Special Economic Zone in Tshiame within the Maluti-a-Phofung Local Municipality is a special development which forms part of government’s conscious efforts of creating economic development and growth opportunities closer to where the people live. This is done through promoting industrialisation and also the development of township and rural economies. President Zuma noted that government and the governing ANC party are fully committed to pursuing and implementing a programme of radical economic transformation. One of the critical components of this radical economic transformation is the notion of a balanced regional economic…

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Zuma laughs off critics as SA celebrates Freedom Day

President Jacob Zuma yesterday took a jibe at those protesting against him on Freedom Day, saying they spend “lots of money just to insult a certain party and individual instead of celebrating”. Zuma was addressing the nation on the achievements of the country in the 23 years of its democracy in Manguzi, northern KwaZulu-Natal, when he said he heard through the media that “there are those who are not celebrating” Freedom Day. “I’ve heard through the news that they’ve spent money on insulting a certain party and an individual the whole day. We’re happy here, we are celebrating while they…

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SA car buyers facing inflation triple whammy

South African motorists are facing a triple whammy as the country’s recent downgrade to junk status by two major ratings agencies is likely to result in more than just a spike in car prices. Finance and running costs, including insurance, are set to rise too. This is according to TransUnion, which on Thursday released its Vehicle Price Index for the first quarter of 2017. The VPI report, which examines year-on-year vehicle price inflation in a similar fashion to the CPI for general consumer goods, showed that new vehicle inflation is currently running at 8.8 percent, up from 6.6 percent a…

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