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IDC approves R8.4bn funding

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Pretoria - The Industrial Developmental Corporation (IDC) has approved funding of R8.4 billion in the financial year ending March 2011, which will go a long way towards job creation.

New R5 coin goes into circulation

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Pretoria - Commemorative R5 coins in celebration of the 90th Anniversary of the South African Reserve Bank go into circulation today.

Companies penalised for not supporting development

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Johannesburg - Points will be deducted from companies that do not invest in skills and supplier development in terms of the Black Economic Empowerment (BEE) Act, says Trade and Industry Minister Rob Davies.

Transnet revenue up to R45.9bn

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Pretoria - Transnet has reported a 20.9% increase in revenue to R45.9 billion for the year financial ended in March -- up from R38 billion in the previous period, the company said on Tuesday.

Africa growth not aligned with goals - AUC

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Addis Ababa - Despite a high regional economic development, the growth performance of most African countries failed to reflect on their overall Millennium Development Goals (MDGs) index, African Union Commission deputy chairperson, Erastus Mwencha, said on Tuesday.

Drop in petrol price

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Pretoria - Motorists can breathe a little easier as the petrol price will come down by between 33 and 31 cents a litre next week.

Carolina's drinking water declared safe

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Pretoria - The water in Carolina, Mpumalanga, has been declared safe for human consumption and complies well with South African standards.

AU mulls new Africa growth plan

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Addis Ababa - The Africa Union Commission (AUC), an administrative branch of the African Union (AU), will push leaders at the bloc's summit in Addis Ababa this week to adopt the final implementation of the development Strategy Plan (SP) for the continent.

S Africans called to celebrate Madiba's birthday

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Pretoria - Arts and Culture Minister Paul Mashatile today called on South Africans to play their part in celebrating former President Nelson Mandela's birthday by committing their time to assisting others.

President Zuma to unveil Mandela Legacy Bridge

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Ludondolo - President Jacob Zuma will this morning officially unveil the Nelson Mandela Legacy Bridge and River Valley projects in Ludondolo village in the Eastern Cape.

Govt reiterates backing Dlamini Zuma's AU ambitions

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Pretoria - Government has reiterated its support for Home Affairs Minister Nkosazana Dlamini Zuma's candidature for the position of chairperson of the African Union Commission (AUC) ahead of her departure for Ethiopia on Wednesday.