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  • Ministry of tourism releases statement: State of the tourism industry in South Africa

    17 December 2013 8:18 AM 18

    Tourist arrivals to South Africa grew 5.1% during the first six months of 2013 compared to the same period in 2012. This was on top of the growth of 10.5% recorded last year during the same period. We have thus consolidated the significant gains achieved in 2010-2012 on the back of the FIFA 2010 World Cup, and have further increased the baseline to reach

  • Arrowhead acquires Sasol building in Rosebank for R250m

    17 December 2013 5:43 AM 13

    Arrowhead Properties (AWA) said on Friday it had an agreement to acquire the Sasol building in Rosebank‚ Johannesburg‚ for R250 million. The company said the acquisition‚ at a forward yield of approximately 15%‚ was in line with its strategy to make distribution enhancing acquisitions. The acquisition is valued at R250 million, of which R125m would be paid in cash and the balance

  • Poverty eradication falls short

    17 December 2013 3:34 AM 19

    Satria Sambijantoro, The Jakarta Post, Jakarta | Headlines | Tue, December 17 2013, 9:09 AM A desirable slowdown may stabilize Indonesia’s economy, but it is also expected to worsen the poverty levels and widen inequality next year, when President Susilo Bambang Yudhoyono leaves office. The President may miss his target of reducing the poverty level

  • Economic boost from e-tourism

    16 December 2013 12:30 PM 19

    December 16 2013 at 02:20pm By Joseph Booysen Cape Town - E-tourism is set to become one of the strongest players in the South African tourism economy and its impact on growth and job creation should not be underestimated, says an online site chief executive. Matthew Swart, chief executive and founder of SafariNow, a major online accommodation booking

  • Capetonians walk for Mandela

    16 December 2013 10:10 AM 10

    Monday 16 December 2013 09:35 Cape Town mayor Patricia De Lille will on Monday lead the City's residents on a Remembrance Walk in honour of former president Nelson Mandela and other freedom fighters. The City's fan walk route in Green Point will be opened for the Reconciliation Walk. An interfaith group will make its way from the Bo-Kaap Museum to Prestwich

  • Fish farms a testing ground for revival

    16 December 2013 9:52 AM 27

    December 16 2013 at 11:48am By Karolina Tagaris and George Georgiopoulos SOFIKO, Greece - Greek fish farmer John Stephanis has a problem. Global demand for his sea bass and bream is strong. But his company Selonda Aquaculture SA is so strapped for cash that it cannot expand its farms. One solution, says Stephanis, is smaller fish. By growing slimmer

  • Ivory Coast to issue $1 bln Eurobond

    16 December 2013 9:40 AM 7

    December 16 2013 at 11:34am By Reuters ABIDJAN - Ivory Coast plans to issue a new $1 billion Eurobond in the country's first venture onto the international debt market since a 2011 default, President Alassane Ouattara said. “As soon as January, I hope we will finalise the signature of a Eurobond of practically $1 billion to try to accelerate a certain

  • BlackBerry extends deadline for investors

    16 December 2013 9:21 AM 11

    BlackBerry has announced the extension of the deadline for investors to purchase up to an additional US$250 million of convertible debentures in the Canadian mobile manufacturer until January 13. HumanIPO reported last month BlackBerry had cancelled plans to sell itself to its majority shareholder Fairfax Financial Holdings, but would instead raise US$1 billion

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    16 December 2013 5:18 AM 18

    Local Authority Pensions Fund (LAPF) has emerged the overall winner of National Board of Accountants and Auditors (NBAA) Best Financial Statement Award. The Director of the Finance for the fund, John Kida, receiving the award on behalf of the Director General, said it recognised LAPF as the best fund in the country. The Director of Finance however said the fund has always

  • Investigator hired by DBN businessman quits

    15 December 2013 3:15 PM 16

    December 15 2013 at 05:07pm By JEFF WICKS A private investigator appointed by Durban businessman Thoshan Panday to probe the alleged theft of his R2.5 million Ferrari by a former friend has withdrawn his services, citing a disreputable relationship between the two. Panday had enlisted the services of Chad Thomas of IRS Investigations to investigate the alleged