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South Africa invested almost twice as much into infrastructure in the first six months of 2008 as it did during the whole of 2007, boosting the economy and offsetting lower consumer spending.
South Africa's economy remains in good health despite a slowdown in consumer spending, with 80 new investments to the value of R336.1-billion being announced for the first half of 2008. While the bulk is attributable to Eskom's expansion, private sector investment amounts to R72-billion.
The Usobomvu Youth Fund is giving 250 young South Africans start-up capital to sell prepaid airtime vouchers and energy drinks, as well as to become "Pimps" - positively intelligently motivated persons.
A number of new theatres have recently opened in and around Johannesburg to add to the more than 20 already in existence, and the city council has now announced plans to rebrand the city as South Africa's "cultural capital" by 2008.
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