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In July 1996, the US and South Africa signed an investment fund protocol for a $120 million OPIC fund to make equity investments in South and Southern Africa. OPIC is establishing an additional fund – the Sub-Saharan Africa Infrastructure Fund, capitalised at $350 million – to investment in infrastructure projects.
South Africa's arms industry dates back to 1968 and was established primarily as a response to the international sanctions by the United Nations against South Africa due to apartheid, which began in 1963 and prevented the country from acquiring foreign combat systems until 1990. [38]
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In South Africa, private and public health systems exist in parallel. The public system serves the vast majority of the population. Authority and service delivery are divided between the national Department of Health, provincial health departments, and municipal health departments.
The FirstRand Group was established in 1998, by the merger of First National Bank of South Africa, Rand Merchant Bank and Momentum Insurance & Asset Management. FirstRand is listed as a "locally controlled bank" by the South African Reserve Bank , the national banking regulator. [ 8 ]
Community development policy in South Africa highlights the need for 'the active involvement of young people in national development' and the vital importance 'for their participation in national, provincial and local development programmes.' [6] [17] The involvement of young people in the fight against HIV/AIDS is a key foundation for ...
According to the National Treasury of South Africa, "the CSG is now one of the largest social assistance programmes in post-apartheid South Africa reaching 11.2 million children in 2012–13, i.e., approximately 59 per cent of children." [9] The government expenditure on CSG accounted for 3.4 per cent of GDP in 2014. [9]
USAf represents all 26 public universities and universities of technology in South Africa and is a Section 21 company. Previously known as Higher Education South Africa (HESA), this voice of universities in South Africa was constituted on 9 May 2005 as the successor to the two statutory representative organisations for universities and technikons (now universities of technology), the South ...