Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Africa
Public Administration News  
Share
Cabinet Optimistic About Increased Employment
Source: BuaNews
Source Date: Thursday, November 10, 2011
Country: South Africa
Created: Nov 10, 2011

"These findings point to the fact that our economy continues to remain resilient in the face of difficult conditions facing the domestic and world economy," Manyi said, briefing the media on Thursday on Cabinet's ordinary meeting.

Cabinet has also noted the conclusion the feasibility study for the procurement, financing and maintenance of new trains by the Passenger Rail Agency of South Africa (Prasa).

"The feasibility study has found that the acquisition of the new rolling stock is an economically viable project."

Prasa told Parliament's Portfolio Committee on Transport this week that this major project would largely benefit Broad-Based Black Economic Empowerment entities and create over 65 000 jobs.

The project set to cost over R100 billion would be spread over 20 years and see local manufacturing companies involved in the manufacture of train components such as wheels and doors and brake systems.
News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 285

Comments: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network