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Israeli to inaugurate new airport near Jordanian border

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Israel has officially inaugurated a new international airport on Monday near the Red Sea resort town of Eilat, a few kilometers from the Jordanian border.



Prime Minister Benjamin Netanyahu attended the inauguration ceremony, glassy terminal, arriving on the ceremonial first flight said he is excited with the successful completion of the project.

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The new airport is named after Ilan Ramon, Israel’s first astronaut who died in the crash of the space shuttle Columbia. Initially, it will handle only domestic flights, operated by Israeli carriers Arkia and Israir.

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In the future, the airport plans to host jumbo jets from around the globe, and will also serve as an emergency alternative to Tel Aviv’s Ben-Gurion airport

It says the new airport has a 3,600-metre-long runway and apron parking space for nine “large and wide-body aircraft”.

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Israeli media have said that a 26-metre-high, 4.5km-long “smart” anti-missile fence has been installed to help protect Ramon.

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President Ramaphosa to Sign South African Competition Amendment Bill Into Law

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South African President Cyril Ramaphosa will sign into law today the Competition Amendment Bill, which will strengthen regulations against anti-competitive behaviour in industrial markets.



The bill, which was approved by the National Assembly in October 2018 and endorsed by the National Council of Provinces in December 2018, is a step in the right direction for SMEs, economic inclusion and it opens up the economy to fresh investment and innovation.

It also provides a clear mandate to the competition authorities to address economic concentration in a balanced manner and to promote economic transformation, the Presidency said on Monday.

Additionally, the amended legislation seeks to combat concentration and economic exclusion as core challenges that contribute to slower and less dynamic growth, lower employment and greater inequalities, as well as socio-political conflict.

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The Presidency said this will enable a more effective approach to concentration, with a focus on improving outcomes for small and black-owned business, and strengthen the institutions involved in managing competition policy and law.

The signing ceremony will take place this afternoon at the Tuynhuys Chambers in Parliament. Economic Development Minister Ebrahim Patel, who campaigned fiercely for the bill’s codification, will join the ceremony along with a group of stakeholders.

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Manufacturing Output Growth Slows Again in South Africa

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The preliminary data from Statistics South Africa has showed the rate at which South Africa manufacturing output slowed twice again within the month of December.




Negative contributions came from petroleum, chemicals, rubber and plastic products, iron and steel, non-ferrous metal products, metal products and machinery industries to make outputs edged up a non-adjusted 0.1% year-on-year in December following a 1.3% increase in November and a 3.0% gain in October

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As against a drastic output growth in the prior month; 0.7% following a 0.4% rise in November

Meanwhile motor vehicles, parts and other transport equipment, food and beverages, glass and non-metallic mineral products made the biggest positive contributions in December.

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