World Bank

SA’s economic to brace for slower growth pace

The National Treasury has cut its estimate for South African GDP expansion to 0.7% in 2018 down from 1.3% last year. It sees growth remaining subdued as high unemployment constrains domestic demand.

Eskom pension sets aside R100m for Low cost housing development in SA

IN a move likely to boost the development of housing in South Africa, Eskom Pension and Provident Fund has pledged R100-million towards the development of 20 000 new low cost houses in the country.

2014 Economic growth in Africa expected to reach 5.2%

According to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects, economic growth in Sub-Saharan Africa continues to rise from 4.7 percent in 2013 to a forecasted 5.2 percent in 2014.

Mpumalanga's new coal railway line expected to ease road damage

The problem of coal trucks tearing up Mpumalanga's roads may soon come to an end following Eskom's announcement that the R5.2 billion Majuba railway line near Ermelo will start operating in the next two years.

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