Finance Minister Tito Mboweni has detailed government’s strategy to save South Africa’s economy and avoid a sovereign debt crisis. He explained in his Medium Term Budget Speech that the economy is predicted to decline by 7.8% this year. Mboweni put forward a five-year fiscal consolidation plan that he said promotes economic growth bring South Africa’s...
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South Africa’s newest airline has a name: Lift. The airline is a joint venture between local aircraft leasing company Global Aviation and kulula.com founder Gidon Novick. Global Aviation has been doing business in SA for almost two decades, and also does charter flights. The company launched a competition to find a name, and received more than 25.000 suggestions,...