KZN to get first private medical university
KwaZulu-Natal is poised to get South Africa’s first private medical university.What’s more, racial quotas won’t apply.Plans for the facility, including an academic hospital, were revealed this week by the province’s newly elected premier, Senzo Mchunu, in an exclusive interview with the Sunday Tribune.
Magadi Soda Ash Plant to Sack 200
ABOUT 200 employees working in the Premium Ash Magadi plant will be laid off from October in a planned closure of the facility, Tata Chemicals Magadi Limited has said.
The management said the anticipated job loss are occasioned by high operating costs in the manufacture of soda ash which led to the restructuring proposal, also known as mothballing.
"The restructuring proposal of this facility follows a comprehensive review of alternatives to improve plant performance such as efforts to reduce energy cost,
Bill seeks to create fund to boost industries
A Bill will be introduced in the Senate seeking to set up a special fund to finance development of industries in all the 47 counties to generate jobs and lift people out of poverty.
Sponsored by Nyandarua Senator Muriuki Karue, the Bill proposes to create County Industrial Development Fund in which donors and the National Government will avail funds for industrial undertakings in the counties.
Sainsbury to Invest in East Africa
British retail billionaire, David Sainsbury is set to launch an investment company, Msingi, focused exclusively on local companies that support entrepreneurs.
The new investment company, Msingi ( Swahili word for foundation) will invest in East African companies that have high growth potential, provide market and technology research to business owners and also run an enterprise incubator to support budding entrepreneurs.
