Category archives for: Investing

Angola takes lead in hydropower plant capacity

ANGOLA’S Laúca Hydropower Plant

from PEDRO AGOSTO in Luanda, Angola LUANDA, (CAJ News) – ANGOLA’S Laúca Hydropower Plant is about to become the largest such facility in the Southern African country and among the biggest in the region, with an installed capacity of 2 070 megawatts (MW) The third power generation group was commissioned in April, bringing the current […]

SA cries foul at losing US steel tariff exemption

TAX

by SAVIOUS KWINIKA JOHANNESBURG, (CAJ News) – SOUTH Africa has expressed disappointment at the imposition of duty on its steel and aluminum products by the United States. The concern comes after the US President Donald Trump signed proclamations granting permanent country-exemptions to a select number of countries and extended by one month the Section 232 […]

MTN pledges creation of 1 000 more jobs

MTN Group, photo by CAJ News

by MTHULISI SIBANDA JOHANNESBURG, (CAJ News) – THE MTN Group has committed to the creation of 1 000 jobs as part of a commitment to a business-led collaboration with government and labour aiming to empower 1 million young South Africans. MTN pledged to create the jobs within the first year of the Youth Employment Service (YES) initiative launched by […]

Buoyant Nissan invests R1 billion in Rosslyn plant

Nissan LEAF Nismo

by SAVIOUS KWINIKA PRETORIA, (CAJ News) – NISSAN, buoyed by its best year of sales in South Africa since 2000, has invested about R1 billion (over US$80 million) to increase the efficiency of its plant at Rosslyn in the capital Pretoria. The investment is set to increase automation without reducing jobs, and in training and skills development for its employees. Nissan […]

Fakir storm grounds SAA flights to Mauritius

SAA Spokesperson, Tlali Tlali

by AKANI CHAUKE JOHANNESBURG, (CAJ News) – SOUTH African Airways (SAA) has cancelled flights to and from Mauritius due to the severe tropical storm, Fakir. Four flights scheduled for Tuesday and Wednesday have been affected. SAA would nonetheless operate a bigger aircraft, the A340-600, on the route on Wednesday to ensure customers reach their destinations. Tlali Tlali SAA spokesperson, apologised for […]

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