Brand South Africa welcomes the news that the country is no longer in recession and is anticipating a decrease in the fuel price ahead of the December holiday season

first_imgJohannesburg, Thursday 06 December 2018 –  As the country is on a path towards economic revival and seeing investor and business confidence improving significantly. Brand South Africa welcomes the news that the country is no longer in recession and is anticipating a decrease in the fuel price ahead of the December holiday season.Statistics South Africa this week released the third quarter of Real Gross Domestic Product (GDP) figures, which reflected a growth of 2.2%. This means that the country’s second recession has ended. The main driver of positive growth in the third quarter is notably the manufacturing industry. The industry grew by 7,5%2, largely as a result of increased production of basic iron and steel, metal products and machinery; wood and paper; petroleum products; and motor vehicles. This is the largest jump in manufacturing production since the second quarter of 2016.Key facts from the third quarter 2018 GDP release:Expenditure on GDP increased by 2,3% in the third quarter of 2018.Gross fixed capital formation fell by 5,1% in the third quarter, largely as a result of declining investment in construction works, transport equipment, and non-residential buildings.Households spent more on food, beverages and household furnishings in the third quarter, driving up household final consumption expenditure by 1,6%.Unadjusted real GDP (measured by production) was up by 0,8% in the first nine months of 2018, compared with the first nine months of 2017.It is also important to take note of the number of initiatives the government has implemented to boost economic growth and job creation. In the manufacturing sector, government has finalised the Framework for Short-Term Negotiated Pricing Agreements on electricity and will expedite implementation.  While in the construction sector, the economic stimulus package identified infrastructure spending as a critical lever to economic activity.The stimulus package places an emphasizes on the following:Expanding and maintaining infrastructure to create jobs and attract investment.Establishing a South African Infrastructure Fund.Establishing a dedicated Infrastructure Execution Team.Unlocking infrastructure spending in identified 57 priority pilot municipalitiesIn addition, government also acknowledges the structural weaknesses in the economy and has initiated measures to create jobs which will complement the current commitments made in the Medium Term Strategic Framework. These include interventions agreed to at the Job Summit, commitments made during the Investment Summit and the Economic Stimulus and Recovery Plan.A total of 102 Black industrialists’ projects were funded by the Department of Trade and Industry and other government funding agencies with a total investment of R8.3 billion. This has created over 18 000 direct jobs and 18 000 indirect jobs.For a monthly overview of economic indicators and infographics, catch the latest edition of the Stats Biz newsletter here.last_img read more

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Provision to be Made in Next Budget for New Wing at St. Elizabeth Infirmary

first_img Minister McKenzie said it is the responsibility of the State in any self-respecting country to ensure that the elderly and the vulnerable are properly cared for, adding that “we never know where any of us will end up tomorrow”. Minister of Local Government and Community Development, Hon. Desmond McKenzie, says provision will be made in the next budget for the construction of a new administrative wing at the St. Elizabeth Infirmary.He explained that money already allocated for the project went towards the setting up of a centre on the grounds of the St. James Infirmary to accommodate persons who were abandoned at the Cornwall Regional Hospital.With the renovation of the hospital under way, the patients had to be accommodated elsewhere.“There was a need for us to assist the Ministry of Health in facilitating those patients… who had nowhere to go,” Minister McKenzie noted.“I am, however, now committing that, in the new financial year, we will put back that $27 million for the construction of the new administrative wing,” he pledged.He was speaking at the official opening of the new dining room at the infirmary located in Santa Cruz on November 10.Minister McKenzie said it is the responsibility of the State in any self-respecting country to ensure that the elderly and the vulnerable are properly cared for, adding that “we never know where any of us will end up tomorrow”.“Most persons who occupy these places are persons who have given yeoman service to this country,” he pointed out.“They have served in varying capacities and were once taxpayers… . Some were teachers… some have contributed significantly to the development of our country. Some of them are here because they have fallen on hard times, and are left to the mercy of the State,” he pointed out.“The Jamaican Government is committed to strengthening the social basket and to improve the facilities at the infirmaries, where quality service will be provided,” he added.Minister McKenzie informed that the Administration has spent more than $150 million on building new facilities, noting that a number of them are on the verge of completion.“We will also be spending another $47 million to build a brand-new female ward in Manchester,” he noted.“We are presently building now, in St. James, the wing of the male ward. We are carrying out construction now in the parishes of St. Ann, Hanover (and) Manchester, where we are building what we call drop-in centres. This is also happening here in St. Elizabeth and St. Mary,” he indicated. He explained that money already allocated for the project went towards the setting up of a centre on the grounds of the St. James Infirmary to accommodate persons who were abandoned at the Cornwall Regional Hospital. Minister of Local Government and Community Development, Hon. Desmond McKenzie, says provision will be made in the next budget for the construction of a new administrative wing at the St. Elizabeth Infirmary. Story Highlightslast_img read more

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How San Diego plans to curb homeless crisis in 2018

first_imgHow San Diego plans to curb homeless crisis in 2018 January 17, 2018 KUSI Newsroom KUSI Newsroom, Posted: January 17, 2018center_img Updated: 4:39 PM The homeless crisis came to a boiling point in 2017. From violence to Hepatitis A spreading across the country, to the success of transitional tents.It seems like the city has a stronger handle on the issue this year than last.So what’s next?KUSI was joined by Councilmember Chris Cate from District 6, who is also the Chair for the Public Safety & Livable Neighborhoods Committee. Categories: Local San Diego News Tags: Councilmember Chris Cate, Homelessness FacebookTwitterlast_img

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