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Shanghai to host BRICS bank

The headquarters of the BRICS New Development Bank (NDB) will be located in Shanghai. This decision was made at the sixth BRICS Summit currently underway in Brazil. The bank’s Africa Regional Centre will be established in Johannesburg, South Africa...

Fracking negotiations underway

Mineral Resources Minister Ngoako Ramatlhodi said that, because of the close proximity of the location of shale gas exploration and the Square Kilometer Array (SKA), a balance needs to be ensured. The Department of Mineral Resources announced in...
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Human settlements to build 1.5m houses

The Department of Human Settlements plans to build 1.5 million houses in partnership with the private sector, all stakeholders and communities, over the next five years. “South Africa is about to become the biggest construction site in Africa and...
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NUMSA rejects latest offer

The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has withdrawn its latest wage offer after Numsa publicly rejected it on Sunday. Seifsa offered Numsa a 10% increase in 2014, followed by a 9.5% in 2015 and 9% in 2016. It...