— Business is sitting on 600 billion rand (43.4 billion U.S. dollars) in cash and is awaiting the right signs from the government before it will invest the money into the economy.

Trade and Industry Minister Rob Davies was at pains on Thursday to assure the private sector that the government is looking to build business confidence in order to encourage investment and job creation. (Business Day)

— Former Finance Minister Trevor Manuel joined AngloGold Ashanti chairperson Sipho Pityana and other veteran members of the ruling African National Congress in a call for President Jacob Zuma to step down, saying they have “deep concern” over the state of the country.(Fin24)

— The South African and Namibian governments are consolidating efforts to cooperate in initiatives to secure energy.
President Jacob Zuma will on Friday host his Namibian counterpart Hage Geingob. (South African Broadcasting Corporation) Enditem

Source: Xinhua/


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