Published 9 May 2019, by Sizwe Dlamini

CAPE TOWN – JSE-listed African Equity Empowerment Investments (AEEI) on Thursday announced a 31 percent increase in revenue from R604 million to R792m.

This was revealed by the company in its interim results for the six months to February, where it stated that profit after tax for the period increased by 246 percent from R158m to R546m.

The group attributed its performance to strong contributions from all its divisions, with a combination of organic and acquisitive growth, especially in the fishing and brands and technology divisions.

AEEI said in its statement: “The consistent increase in earnings and asset growth during a period of ongoing economic volatility demonstrates the Group’s efficient and effective business model during challenging market conditions.”

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Published 3 May 2019, by Staff Writer

CAPE TOWN – China’s Belt and Road Initiative (BRI) is the most significant development in global politics in decades, on par with the establishment of the United Nations, the Marshall Plan, and the signing of the Paris Climate Change Accords.

This is according to Dr Iqbal Survé, executive chairperson of the Sekunjalo Group, Independent Media and the African News Agency.

At its core, the BRI is a massive infrastructure development project bankrolled by the Chinese, encompassing roads, bridges, railway lines, harbours, and airports, among others.

The “Belt” in the name refers to the historic Silk Road Economic Belt; the ancient network of trade routes between Europe and the East, as well as Africa, and the surrounding industries that supported it. The “Road” refers to the maritime shipping lanes connecting China to India, Southeast Asia, the Indonesian archipelago, Arabian peninsula, Somalia to Egypt and Europe.

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