New jobs scarce in Western Cape
Fin24 - May 12th 2011, 08:14
Cape Town - The Western Cape economy is showing healthy growth, as indicated by the Sake24 and BoE Private Clients latest barometer information for March.
But its economy is struggling – like the rest of the country – to create sorely needed new jobs.
In March its barometer rose 11.5% to 112.6 index points compared with last year. It was 0.5% up on the previous month, and for the three months to end-March it improved 7.8% compared with the previous three months.
Economists.co.za economist Mike Schüssler, who compiled the barometer, said that in March national government expenditure reached a high of R55bn countrywide, helping to push up the Western Cape Barometer.
He ascribed the strong increase of state expenditure to the ending of the fiscal year.
Although Western Cape unemployment was 22.2%, compared with a national average of 25%, Schüssler said it was concerning that the province was unable to create more jobs despite its good economic growth.
The province's stress index, which indicates that type of pressure on business people, did however slide 1.4% in March – helped by inflation which, at 4%, was slightly lower than the national average, and the number of civil indebtedness court cases being 44.3% down on the year before.
In March all the sub-indices in the Western Cape Barometer, other than agriculture and construction, were in positive territory compared with the year before.
Massmart stores will be closed on Sunday, 15 December
10/12/2013 - 08:37
Massmart Holdings will close its stores on Sunday, 15 December 2013.
Shoprite Checkers opens 1000th supermarket
29/11/2013 - 08:41
Shoprite Checkers will celebrate the opening of its 1000th supermarket in Africa when a new generation Checkers store opens its doors for trading in the Western Cape on Thursday, 28 November 2013. Checkers Zevenwacht is located in the Shoprite Group’s newly developed shopping centre, Langverwacht Plein, in Kuils River.
Zambian government bans the trading and marketing of pigs in Lusaka
26/11/2013 - 08:32
Government has with immediate effect banned the trading and marketing of pigs and its products to help in the fight against African swine fever.
German economy slows despite investments
25/11/2013 - 08:16
Berlin - The German economy slowed in the third quarter despite a strong pickup in both corporate investment and government spending, data released Friday showed.
Barley crop can bring N$200 million boost to local farmers says Namibia Breweries
18/11/2013 - 10:50
Brewing giant Namibia Breweries Ltd (NBL) says local production of malted barley and other related crops will result in a financial boost to the agricultural sector as farmers are expected to generate around N$200 million in revenue annually.