Cape Town’s CBD – and Skyline – Set to Transform with R16 Billion Projects

By SAPeople Contributor 18-10-16 13:28

Cape Town’s skyline is set to transform over the next few years with proposed luxury hotels and a skyscraper that’ll boast breathtaking 360 degree views over South Africa’s – and one of the world’s – favourite holiday destinations. According to Pam Golding Properties, there is an unprecedented surge in property investments in Cape Town’s CBD (central business district), with projects valued […]

The World is Falling in Love with South Africa’s Wine Says CNN

By SAPeople 11-10-16 23:02

Ooh la la, the French love our wine! So says CNN. In fact the Chinese are also developing a taste for South African wine, and British billionaire Richard Branson is investing in our vineyards. So too is an Indian businessman and an American company. We’ll drink to that! In an article entitled Why the French want in […]

South Africa Named Best Country for Debt Management

By SAPeople 10-10-16 09:28

PRETORIA – South Africa has received an award in Washington for being named the best country for debt management and sovereign bond issuance in sub-Saharan Africa. “Emerging Markets Newspaper, an affiliate of the IMF/World Bank Annual Meetings, named South Africa the best country for debt management/sovereign bond Issuance in sub-Saharan Africa. This comes just after the World […]

SABMiller Investors Cheer $100 Billion-Plus AB InBev Takeover

By SAPeople 28-09-16 21:42

LONDON/BRUSSELS (Reuters) – SABMiller <SAB.L> shareholders overwhelmingly backed the brewer’s $100 billion-plus takeover by Anheuser-Busch InBev <ABI.BR> on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. The combined group will sell more than a quarter of all beers sold worldwide and be the fifth largest consumer goods company. […]

Tesla’s Musk Says New Autopilot Likely Would Have Prevented Death

By SAPeople 12-09-16 13:37

SAN FRANCISCO/WASHINGTON (Reuters) – Tesla Motors Co Chief Executive Elon Musk said on Sunday the automaker was updating its semi-autonomous driving system Autopilot with new limits on hands-off driving and other improvements that likely would have prevented a fatality in May. The South African entrepreneur said the update, which will be available within a week or […]

Rands money

South Africa Avoids Recession as GDP Increases by 3.3%

By SAPeople 07-09-16 08:49

CAPE TOWN – Statistics South Africa (Stats SA) Deputy Director-General Joe de Beer says the country’s headline figure, the real gross domestic product (GDP), grew by 3.3% in the second quarter of 2016. This is after the real GDP production decreased by 1.2% in the first quarter. “The main contributors to the GDP growth rate were […]

Famous Brands

Famous South African Company Buys Gourmet Burger Kitchen in the UK

By SAPeople Contributor 01-09-16 14:09

South African businesses continue to buy up overseas companies, with the latest being an announcement today that SA’s fast food group Famous Brands has signed a “mouth-watering” agreement to buy Gourmet Burger Kitchen (GBK), a well-known gourmet bourger restaurant chain in the United Kingdom (UK). Famous Brands – which bought Wimpy SA in 2003 – already owns […]

Weak Pound to Hurt South Africa’s Steinhoff UK Business

By SAPeople 31-08-16 12:45

JOHANNESBURG (Reuters) – South Africa’s Steinhoff <SNHG.DE> warned on Wednesday the slump in the pound after Britain’s vote to leave the European Union would hurt its UK business as the furniture conglomerate fell a touch short of estimates with a one-third rise in annual sales. Steinhoff, which is in the middle of buying British discount […]

Guptas denied bail

Gupta Family Plans to Stay in South Africa and Not ‘Abandon Ship’

By SAPeople 28-08-16 23:23

JOHANNESBURG – In what is becoming a conversation through the media, the Gupta Family has responded to statements made on Sunday by Democratic Alliance (DA) Shadow Minister, David Maynier… warning that this media narrative being metered out by Maynier “without any basis of wrong-doing” could put others off investing in South Africa. Following the Gupta Family […]

Gupta brothers

DA: “Guptas are Like Rats Abandoning a Sinking Ship in South Africa

By SAPeople 28-08-16 15:04

South African opposition parties, the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF), have both welcomed the news that the Gupta family will exit their shareholding in all their businesses in SA by the end of 2016. The EFF said it welcomed the news “with caution”, whilst the DA said the family’s claim that […]

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Goodbye Guptas: Family to Exit All South African Businesses by End 2016

By SAPeople 27-08-16 16:49

JOHANNESBURG – The Guptas – who are believed to have a close relationship with President Jacob Zuma – have announced their intention to sell shareholding in all South African businesses by the end of 2016. Following their earlier statement today about newspaper reports of alleged comments made by Finance Minister Pravin Gordhan, accusing the Gupta […]

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Gupta Family Responds to Allegations of Attacking Gordhan

By SAPeople 27-08-16 12:54

JOHANNESBURG – In response to an article in News24 yesterday – headlined “Guptas are attacking me, Gordhan tells Treasury staff” – the Gupta Family has issued a statement expressing “deep disappointment”; and claiming they firmly believe in the rule of law and are happy to answer to any and all allegations made against them. The News24 article claimed that […]

South Africa Regains ‘Africa’s Largest Economy’ Title as Rand Strengthens

By SAPeople 11-08-16 16:13

PRETORIA – South Africa’s strengthening rand has made a contribution to the country regaining the title of the continent’s largest economy in nominal terms. “The positives are [attributable] to the global background and the fact that the recent elections were free and fair,” Standard Bank economist Kim Silberman told SAnews on Thursday. South Africa last held […]

barnes cwele

SA Post Office, With R3.7 Bln Loan to Rebuild, Will Start Own Bank

By SAPeople Staff Writer 08-07-16 18:41

The SA Post Office, which has been attempting a massive turnaround after being crippled by debt and poor service, has raised a loan of R3.7 billion locally and has got the greenlight from the Reserve Bank to start a bank, according to a media conference on Friday, Minister of Telecommunications and Post Services Siyabonga CweleHe said the briefing was […]

protein

How Much Protein is Actually in Those Shakes, Ask SA Researchers

By SAPeople Staff Writer 07-07-16 11:07

Protein supplements have become a widely popular way for avid gym-goers to pump extra protein into their bodies and bump up their muscles. Protein is essential for the overall health of the body, building and repairing its tissues and balancing the levels of energy, hormones and many other chemicals. It’s also central in building muscles […]

moonyeenn lee

US Oscar-Voting Panel Chooses its First South African

By SAPeople Staff Writer 06-07-16 10:07

Well-known South African casting director Moonyeenn Lee is the first South African to be included on the panel of movie people around the world who will chose the next Oscar winners. The Academy of Motion Pictures Arts and Sciences, which presides over the annual Oscars, named its 683 new panel members last week. It has been a […]

or tambo

Delays at OR Tambo as Biometric System is Launched

By SAPeople Staff Writer 04-07-16 11:28

JOHANNESBURG – Delays have been experienced at OR Tambo International Airport because of the rollout of the new biometric system to collect data on people arriving and leaving South Africa. Reports on Friday said that delays at the Johannesburg airport were up to two hours long, although no reports have been received from the weekend. Chris Zweigenthal of […]

stats south africa

South Africa Population Grows by 3.9 Million to 55.7 Million Since 2011

By SAPeople Staff Writer 01-07-16 15:41

The South African population has grown to 55.65 million in the past five years, according to the latest survey by the department of statistics. In the Community Survey figures released on Thursday, Statistics South Africa said the population grew from 51,770,560 in 2011 to 55,653,654, about 3.88 million. There are 27,247,226 males and in 28,406,428 females. The population […]

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