Some people believe the DA will reinstate Apartheid should they win the national elections. Anneke Scheepers can't understand why anyone would think this.
Cape Town - The government has launched an economic development strategy that aims to harness funds from state institutions, the private sector and retirement funds to finance development programmes and help create jobs.Under the three-year plan, a new economic development department created by President Jacob Zuma last year will oversee economic policy, a role previously played by the finance ministry.The ANC's labour union and communist allies have been critical of the government's pro-business economic policy under former Finance Minister Trevor Manuel, saying it had not benefitted millions of South Africans trapped in poverty 16 years after the advent of black majority rule.The new plan acknowledges that growth in Africa's powerhouse has not been "sufficient to fully address economic and social challenges" including unemployment of about 25%, with a recession last year slashing about 900 000 jobs."At the heart of the strategic plan are a set of actions ... to increase the number of decent work opportunities in the economy. This requires a pro-employment growth path that absorbs larger numbers of people into the economy," Economic Development Minister Ebrahim Patel said in an introductory note to the strategy.Patel told a parliamentary committee on Friday that the plan would, among other measures, look at encouraging more private sector investment and also tapping into retirement funds to finance development projects.The plan envisages using up to five percent of private retirement savings as well as part of the R700bn government pension fund's assets. Analysts said this would likely take the form of "development bonds" issued to institutions.This should ease pressure on the government which has poured spending into a multi-billion rand infrastructure refurbishment programme."The social responsibility of investing in bonds specifically aimed at ... the reduction of poverty and inequality via job creation and sustainable economic growth is likely attractive enough ... to make absorption of these bonds likely," said Investec economist Annabel Bishop."The question is how will the funds be spent? If the money ... is not well spent and efficiently spent, this will tarnish the moral attraction of the issuance," she added.
A 12-year-old girl has been found alive after she went missing two weeks ago police report.
The value of a property owned by the Gupta family in Johannesburg has dropped from R16.8m to R490 000, according to the latest municipal valuation - lower than the price it was sold for in 1994, a report says.
Six people have been arrested for murder and rape in Inanda, KwaZulu-Natal police say.
The Hangover stars on how the movies changed their lives.
Five reasons to fly up at the front of the plane.
Some red carpet highs and lows of the first day
check out Bangernomics Top 10 guide to buying a cheap used car.
What would you do if you had the breast cancer gene?
Read this guide on what exactly debt review entails.
Plus more amazing chicken recipes.
See the stars brave the rain on the opening night of Cannes Film Festival.
Payricia Bull says...
Be advised : .. Lieman Kenya is on the ZUPTA payroll !
Read the article...
West RandCommunicate Cape Town ITR550000 - R600000
JohannesburgSoul City InstituteMarket Related
R 1 700 000
Gideon and Eva’s story continues in the powerfully sensual third novel in the international bestselling crossfire series. Pre-order your copy now!
Super hot 2 for R99 DVD and Blu-ray offers - own your favourite moments. Shop now!
Don’t miss out on this awesome special, fly planes, be in charge of the police force in the biggest cities and more. Hurry, offer valid while stocks last and for a limited time period. Buy now!
57cm compact braai + FREE cover + FREE fish braai for R1299.95. While stocks last. Check it out now.
A deal doesn’t get much sweeter, save up to R1000 on selected appliances and homeware products. Offer valid while stocks last. Shop now!
For Sale, Cell Phones - Accessories in South Africa, Gauteng, Johannesburg. Date May 13
Vehicles, Motorcycles - Scooters in South Africa, Gauteng, Johannesburg. Date May 13
Jobs, Au pairs & nannies in South Africa, Gauteng, Johannesburg. Date May 12
Blackberry Bold 9000
The BlackBerry Bold™ smartphone embodies elegant design – without...
It does not matter how many more times you talk to that person about money related things, it is still going to fall on deaf ears....read more
Your partner appears to be very eager to get out and about today, although you would much prefer to cloak yourself in cotton wool...read more
The planet Mercury squares up to imaginative Neptune today and this would be an ideal chance to get some real inspiration. You may...read more
You could feel quite unfocused today and it would thus not be a good idea to involve yourself with work that requires a lot of...read more
Watch your words, as it would be all too easy for misunderstandings to creep in and for you to inadvertently offend someone. Added...read more
Try not to be too gullible and believe everything that a friend is telling you. Chances are that he/she is going off on a tangent...read more
You and your partner are on two very different pages today. This is not entirely a bad thing, but it will require that you both...read more
You’re in a very poetic mood today and are likely to be most charming to anybody who crosses your path. Reserve your best charm...read more
It is going to be all too easy for misunderstandings to creep into you life today and you may find yourself amidst a comedy of...read more
If you are in a dreamy and romantic mood today, do something about satisfying that need. If on the other hand, you’re feeling...read more
You appear to be a little spaced out at present, but as long as you do not have to make life-changing decisions, you can perhaps...read more
If you happen to have a passion for story-telling, today is a wonderful day to indulge your imagination and to give it wings....read more
The latest headlines in your inbox
News delivered really simply.
News24 on your mobile or PDA
You choose what you want
News24 on your iPhone
Get News24 headlines on your iPhone.
Get breaking news stories via SMS.
Your opinion on you, me and everyone.
Website keywords automated by OpenCalais.