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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
Johannesburg - Scenario planner and chairperson of the
Anglo American chairperson's fund, Clem Sunter, said on Wednesday that as the world goes through a hard times scenario and recessionary conditions, South Africa is the place he would prefer "camping out".
"Where would I want to camp out in the world in the hard times - it's right here," he said.
"In a funny way this is the place to be - for example, the construction industry in the UK is laying people off and we're full tilt, and there is the possibility of a turnaround in Zimbabwe transforming the local economy," he said.
"The turnaround in Zimbabwe will establish us as a gateway," he said, noting that one of the key tenets to SA's success would be by becoming something like Hong Kong is for China. The other keys are adding value to resources and driving tourism hard in the face of the soccer Confederation and World cups.
He added that in his opinion the "end game" was nigh for Zimbabwe's embattled president Robert Mugabe.
"Personally I think next year Zimbabwe will track up and goods etc will flow through SA," he said.
However, Sunter concluded that for SA to become a success, effort was needed by "the complete team".
"It can't be just left to the leaders - we all have to think of ways of getting us back to the middle of the premier league [of nations where SA has dropped to 53 out of 55 of the growing nations in the world]," he said.
He was speaking at an Association of Corporate Treasurers of Southern Africa (ACTSA) function at The Forum.
- I-Net Bridge