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Business
Although KwaZulu-Natal is the third-smallest province in South Africa, occupying only 7.7% of South Africa’s land area, it is home to slightly more than 20% of the population and is the second largest provincial economy and of growing strategic and economic importance.According to Trade and Investment KZN (TIKZN) the province contributes R324bn (at current prices) or 16.2% of South Africa’s Gross Domestic Product (GDP) while the Durban metropolitan region alone contributes about 12% of national GDP and the province potentially as much as 18% to 19% of national GDP according to the Durban Investment Promotion Agency (DIPA). Manufacturing is the largest sector in the provincial economy contributing between 21% and 25% of provincial GDP, followed by the business service industry at around 18%, trade at around 18% and financial services at around 15%. Russell Curtis acting CEO of DIPA, a municipal-run investment promotion agency, says that manufacturing has been hardest hit by the current global economic recession and that because of the large percentage it plays in KwaZulu-Natal’s economic mix, the province has been disproportionately affected. |
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Last Updated ( Saturday, 20 March 2010 )
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South Africa’s future growth is going to be constrained as much by water, as the availability of electricity. Sharon Davis tells us more.The importance of water for economic growth in South Africa, a largely semi-arid country, was recognised as early as the 1960s when the government started an extensive dam building programme on our major rivers to ensure a regular water supply for both agriculture and industry. Despite these efforts, and in some cases because of them, scientists and researchers have been warning of a looming water shortage for the past 30 years, and continue to do so. Increased economic activity, more intensive land-use practices and a growth in population have increased the demand for water while simultaneously degrading the resource; adding to pollutant pressure while removing natural storage and filtration systems like wetlands. |
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Last Updated ( Wednesday, 17 March 2010 )
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It’s no secret that crime in South Africa is rife, leaving us with little choice but to acknowledge that dealing with crime has become a way of life.In releasing the police’s crime statistics for the 2008/09 financial year recently, Police Minister, Nathi Mthethwa, noted that house robberies had increased by 27 percent, while the 2007 National Victims of Crime Survey found that the number of people who feared being robbed or having someone break into their homes outnumbered those who feared other crimes, including murder and sexual assault. According to Gareth Newham from the Gauteng Department of Community Safety, Gauteng experiences 51% of South Africa’s residential robberies, with Gauteng residents reporting an average of 20 house robberies a day during the 2007/08 financial year. |
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Last Updated ( Tuesday, 19 January 2010 )
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This article appeared in the November 2009 edition of Leadership magazine.At just over six foot, internationally acclaimed South African conservationist, Lawrence Anthony, casts am imposing figure silhouetted against a darkening bushveld sunset. Surprisingly soft-spoken for a man who all but single-handedly waded into war-torn Iraq to save lions, bears, tigers and other zoo animals in the capital city of Baghdad, he comes across as a genial and gentle giant, deeply concerned about humanitarian issues, animal welfare and the degradation of our planet. But you’d be a fool to mistake this humble man of the bush for a softie. |
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Last Updated ( Saturday, 03 April 2010 )
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Self-made South African multi-millionaire, Mac van der Merwe, is the antithesis of one’s expectations of a man who has made it big in the hospitality, tourism, and wine industry.He’s affable and easy to speak to, humble and looks no different from you and I.
The middle son of a poor white South African family, Van der Merwe grew up near Vereeniging just outside Johannesburg, ironically not far from the Riviera on Vaal, one of the five-star properties he now owns. The 61-year-old says the first time he ate out was at the age of 19 or 20, at the restaurant at the Riviera on Vaal. Little did he realise then that he would buy the hotel in December 2003 and turn it into a top class tourist destination. |
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Last Updated ( Tuesday, 21 July 2009 )
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