JOHANNESBURG South Africa (Xinhua) --
With South Africa’s economic growth predicted to
grow at 0.8 percent for 2018, a colloquium to discuss proposals
that would help accelerate growth levels convened in Pretoria on
international economists present at the event are called by
Finance Minister Tito Mboweni to look at his economic policy in
an effort to revive growth.
Mboweni said that
the stagnant growth could be disastrous for the economy.
economy is not growing at a rate which we like, and that has a
number of implications for all of us,” the minister said before
the start of the event which was held behind closed doors.
significant implication is poor revenue collection which leads
to other things,” Mboweni said, adding that the economic growth
has not kept up with population increase.
Discussions at the
colloquium would place emphasis on interventions that encourage
new models to support faster economic growth. Proposal emanating
from the conference would be submitted to cabinet in 2019.
South Africa announces
of Africa’s most advanced nanosatellite
CAPE TOWN South Africa (Xinhua) --
Africa’s most advanced nanosatellite,
developed by South Africa, was successfully launched on
Thursday, the South African Department of Science and Technology
“Today marks another
historic milestone for South Africa with the successful launch
into space of the continent’s most advanced nanosatellite to
date, ZACube-2, in the early hours of this morning,” the
department said in a statement.
The ZACube-2 took
off at 04:07 a.m. with the Russian Soyuz Kanopus mission from
Russia’s Vostochny spaceport, the statement said.
which left the earth together with small satellites from the
United States, Japan, Spain and Germany, is orbited as secondary
payload in a launch mission designed for real-time monitoring of
natural and manmade disasters and other emergencies, according
to the statement.
Minister of Science and Technology Mmamoloko Kubayi-Ngubane
congratulated the team behind this historic moment, saying the
launch of ZACube-2 represents a significant milestone in the
nation’s ambition to become a key player in the innovative
utilization of space science and technology in responding to
government priority areas.
“I am particularly
excited that the satellite was developed by some of our youngest
and brightest minds under a program representing our diversity,
in particular black students and young women,” she said.
The ZACube-2 will
provide cutting-edge remote sensing and communication services
to South Africa and the region with a mission to monitor the
movement of ships along the South African coastline with its
automatic identification system (AIS) payload.
The satellite is a
technology demonstrator for Maritime Domain Awareness (MDA) that
will provide critical information for South Africa’s oceans
economy, the statement said.
“This satellite will
help us monitor our ocean traffic as part of our oceans economy
and also monitor veld fires and provide near real-time fire
information ensuring a quick response time by disaster
management teams,” Kubayi-Ngubane said.
Weighing just 4 kg,
the ZACube-2 is South Africa’s second nanosatellite that has
been launched into space and three times the size of its