SA urged to grow its export base

SA urged to grow its export base

South Africa needed to grow its export base to boost economic growth and job creation, a World Bank official said yesterday. “Increasing exports, particularly in manufacturing, may be crucial for low-skilled job creation,” World Bank director in South Africa Asad Alam said. He was speaking at the release of a World Bank report titled “The Economic Update on South Africa: Focus on Export Competitiveness”. It found that South Africa’s total exports had grown 0.6 percent a year since 2005 at a time when its Brics partners were making immense gains into global markets. – Sapa

Mintails takes state to court

Gold mining company Mintails, which is accused of damage to homes in Mogale City, had taken the Mineral Resources Department to court to have its suspension lifted, Minister Susan Shabangu confirmed yesterday. – Dineo Faku