pic1

Bumper harvest helps keep economy afloat

Bumper harvest helps keep economy afloat

The South African economy grew by 2,0% in the third quarter of 2017 (seasonally adjusted and annualised), down from a revised 2,8% in the second quarter. Agriculture, mining and manufacturing were the main drivers of the expansion, while there was a contraction in general government services resulting from low employment numbers in the public sector. After recording an increase of 38,7% in the second quarter, the agriculture industry continued to power ahead, expanding by 44,2% in the third quarter. This is the largest quarterly jump in agriculture production since the second quarter of 1996. Increased production of field crops and horticultural products were the main contributors to growth, with notable increases in the production of maize and vegetable products. This season’s maize crop is expected to be the largest on record. The Crop Estimates Committee  have pegged commercial maize production for this season at 16,74 million tonnes, more than double the 7,78 million tonnes produced last year (2015/16), and higher than the current record of 14,66 million tonnes harvested in 1980/81.2 Mining and manufacturing were the other major contributors to economic growth in the third quarter. Increased gold and platinum production saw the mining industry grow by 6,6%, while the 4,3% rise in manufacturing was spurred on by increased production of both petroleum and metal products. Fi
sa-good-news-working-in-sa

Why Do People Choose To Live In South Africa?

Johannesburg, 23 November 2017 – Globally mobile individuals, also known as expatriates or ‘expats’, who choose to live and work in South Africa, cite the adventure (74%), a better quality of life (72%), or to gain international experience (67%) as their reasons for accepting assignments in the country. These reasons are likely to be similar for expats living and working throughout Africa, given the continent’s rapidly evolving markets and abundant natural beauty. sa-good-news-expats This is according to the 2017 Cigna 360° Well-being Survey, which looks at the health, well-being, and sense of security among 2 000 expats living in 20 markets across five continents. Expats around the world, including those working in South Africa, share a high level of concern about the quality of medical care available in the countries they are in. With this in mind, more than half of these individuals consider medical insurance coverage to be a very important factor when considering a move overseas. Perceptions of physical, financial, social, family and work health among expats were also examined and compared with all working people in the 2017 survey. “Our 360° Well-being Survey captures the sentiments of an expat environment that is rapidly evolving. Overseas assign
620x349

South Africa’s GDP grew by 2% due to agriculture

JOHANNESBURG - South Africa’s economy expanded 2% in the third quarter of the year down from an upwardly revised 2.8% recorded in the second quarter – but still beat market expectations of a 1.5% rise. The agricultural sector showed the biggest growth in the quarter under review surging 14.9% quarter on quarter- its biggest quarterly growth in 21 years. Higher production of field crops and horticultural products did most of the heavy lifting in the agricultural sector. Statistics South Africa said the nominal gross domestic product (GDP) grew R1.2 trillion in the third quarter, R22bn more than in the second quarter. Mining was up R7bn to R83bn, while manufacturing was up R9bn in the quarter to R140bn.  However, electricity was down R6bn to R39bn in the period.  Mining production in petroleum and basic metals divisions resulted in the secondary sector recording 2.1 percent in the third quarter. Macroeconomics statistics website Trading Economics said GDP Growth Rate in South Africa averaged 2.83 percent from 1993 until 2017, reaching an all-time high of 7.60 percent in the fourth quarter of 1994 and a record low of -6.10 percent in the first quarter of 2009.
bc87bcb621aa459e9a80fe16895b0314

South Africa: Finance Minister Congratulates New FIC Director

Finance Minister Malusi Gigaba has congratulated Advocate Xolisile Jennifer Khanyile on her appointment as the Director of the Financial Intelligence Centre.

"The Financial Intelligence Centre (FIC) plays a key role in ensuring that the financial system has integrity. We also believe that Advocate Khanyile will work with other industry stakeholders to ensure that transparency is improved in South Africa's financial system in order to support higher economic growth. We wish her well in her new role," said Minister Gigaba on Thursday.

Advocate Khanyile's appointment will be effective from 1 January 2018.

She holds a B Juris Degree from the University of Zululand, an LLB from the University of Zululand, and a Management Development Programme (MDP) from the University of the Free State Business School.

Positions Advocate Khanyile has held include that of Director of Public Prosecutions in the Free State; acting Director of Public Prosecutions in South Gauteng and Deputy Director of Public Prosecutions in the Asset Forfeiture Unit, among others.

The FIC collects information and analyses suspicious transactions

za

Batch Plant for Sale

16195448_10211747906350450_5146617719140624808_n Batch Plant For Sale Concrete is a homogeneous concrete aggregate and water mix without any chemical additive. This concrete is like a plastic at first and it’s shapeable after that it is going to harden. The delivered Batch plant is an important building material.
  • Transportation Advantage: One truck is enoughf to tranport all the parts of the batch plant.
  • Cause of the design of the batch plant you don’t need much place for build batch plant.
  • The batch plant doesn’t need much time for building so it is efficient.
  • The batch plants base is easy to build.
  • The batch plant can be used full automatic fort he best quality concrete.
  • The equipments of the batch plants are safe.
  • The manitenance is easy and the costs are low.
The aggregate materials are gravel and sand. The gravel and sanda are seperate stored. To use the batch plant you have to observance of the enviromental laws. The concrete producers has to protect the enviroment. You have to take precuation for the noise, waste water and for the other waste materials of the batch plant. These are the main things we have to take precuation.