+++ Plans to speed up job creation +++ Anglo supports enterprise development +++ Walmart 'raring to go' in South Africa +++ South African President Zuma: Fast-Growing Africa Must Rethink Its Global Role +++ Africa important in SA's Brics success: Davies +++ Over seven million test for HIV +++ BRICS to set up trade liaison group +++ IDC to invest billions in industry +++ Minister worried about school violence +++ Strike hits diamond sector +++ Teachers, parents unite to uplift Soweto schools +++ Action plan for Soweto's ailing schools +++ Unions reveal demands before Eskom wage talks +++ NEF rare metals project draws global interest +++ Underspending provinces lose R2,5bn grants +++ SA to spend billions on transport +++ Business +++ Budget 2011 - all the numbers +++ Going for Hope: Pravin's second budget +++ More arrests soon as Gordhan outlines fight against corruption +++

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Anglo supports enterprise development

Saturday, 25 June 2011 14:47 |

Written by Administrator |

Dineo Matomela

ANGLO American has plans to create 15 000 jobs in the next four years by supporting 1 500 new businesses, chief executive Cynthia Carroll announced yesterday.

Speaking to about 1 000 delegates at the company’s Local Procurement and Enterprise Development Trade Fair in Johannesburg, Carrol said Anglo’s commitment was supported by its spend on black economic empowerment and business development.

She said that in the past 10 years the money spent on empowerment had increased to R21 billion from R911 million.

“More than 40 percent of our total available procurement spend is directed to historically disadvantaged South African businesses,” she said.

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Last Updated (Saturday, 25 June 2011 14:50)

Walmart 'raring to go' in South Africa

Saturday, 04 June 2011 16:57 |

Written by Administrator |

Walmart 'raring to go' in South Africa

2 June 2011

US retailer Walmart says it is looking forward to boosting South African exports, creating new jobs in the country, and using its controlling stake in local retailer Massmart to expand in the southern African region, following the competition authorities' approval of the merger.

Walmart CEO Doug McMillon said during a conference call on Tuesday that the company expected to complete the R16.5-billion transaction to buy a 51 percent stake in Massmart within weeks.

"We will now move to close the transaction as soon as possible ... we do look forward to closing ... in a matter of a few weeks," McMillon said following the announcement by South Africa's Competition Tribunal that the deal could go ahead with conditions proposed by Walmart and Massmart.