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May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Cape Town - There is no reason to cut back the number of foreigners expected to visit South Africa for the 2010 World Cup soccer tournament.
According to Minister of Tourism Marthinus van Schalkwyk it can still be assumed that some 450 000 visitors will stream into the country for the event.
"South Africa has fared better in the current global economic downturn, in respect of foreign visitors, than our direct competitors," he said.
Van Schalkwyk will shortly meet representatives of Fifa's hospitality agency, Match, and will be in a position to make an announcement shortly afterwards. He has not, however, offered details.
"The 2010 soccer tournament is a wonderful opportunity, but I too often encounter players in the tourism industry who look on it as being the alpha and omega that will solve all our problems," he warned.
He considers it important that infrastructure, such as the stadiums being erected for 2010, be harnessed after the tournament to support bids for more major international events.
"We must avoid landing in the same boat as Korea." Some of that country's World Cup infrastructure has since had to be dismantled as it was falling into disuse.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.