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Feb 12, 2016
Former Cosatu general secretary Zwelinzima Vavi
   
Updated 1 hour 22 minutes ago President Jacob Zuma’s State of the Nation Address (Sona) showed a breakdown of trust between government and the population of South Africa, according to former Congress of South Africa Trade Union (Cosatu) general secretary Zwelinzima Vavi “Yesterday’s Sona address...
 
Feb 12, 2016
Updated 5 hours ago ArcelorMittal South Africa (AMSA) on Friday posted a full-year loss that was 23 times wider than its loss of a year earlier, as the steelmaker grappled with cheap imports from China and rising labour and electricity costs. The ArcelorMittal SA unit, which is...
Feb 12, 2016
Updated 3 hours ago South Africa's rand weakened on Friday after President Jacob Zuma's state-of-the-nation address that analysts and economists said did not deal with concerns raised by rating agencies. By 0645 GMT the rand had slipped 0.7% to 15.9100 per dollar, pushed lower by the...
Feb 11, 2016
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President Jacob Zuma
President Jacob Zuma unveiled the skeleton of what he described as an economic “turnaround plan” in a State of the Nation Address dominated by the current plight of the South African economy, which was unlikely to grow by more than 1% in 2016 and would not nearly...
Feb 12, 2016
Jacob Zuma
Updated 3 hours ago President Jacob Zuma has said a greater investment in the country’s infrastructure would assist it during tough economic times. Zuma was speaking at the post State of the Nation discussion at the The New Age Business brief held outside Cape Town.
Feb 12, 2016
President Jacob Zuma
Updated 6 hours ago President Jacob Zuma’s State of the Nation speech was filled with old ideas, according to Nomura emerging markets economist Peter Attard Montalto on Thursday. The removal of two centres of government has been considered since 1994, but never happened, said Montalto.
Feb 12, 2016
Trade and Industry Minister Dr Rob Davies
Updated 5 hours ago South Africa President Jacob Zuma’s State of the Nation Address would be welcomed by investors, the country’s Trade and Industry Minister Dr Rob Davies said on Thursday night. Additionally, Davies predicted that Sona would impact positively on the department’s...
Feb 12, 2016
Atterbury Property Developments director Coenie Bezuidenhout
Updated 2 hours 42 minutes ago Atterbury Property Developments is developing a R850-million, 103 000 m2 industrial and business park at the intersection of the N3 highway and Rand Airport road, next to the Elandsfontein interchange. Atterbury designed the park on a site it acquired in Gosforth...
Feb 12, 2016
Updated 5 hours ago President Jacob Zuma has announced that R7-billion has been committed to new port facilities. Delivering his State of the Nation Address in Parliament on Thursday night, Zuma said government was concerned that South Africa did not own vessels while the country was...
 
Feb 12, 2016
An artist’s impression of two black holes that are about to merge
Updated 3 hours ago In a breakthrough which opens a whole new window on the universe, creates a new branch of astronomy, and vindicates the great physicist Albert Einstein once more, scientists at the US-led Laser Interferometry Gravitational-wave Observatory (Ligo) announced on...
Feb 12, 2016
Updated 3 hours ago JSE-listed Pioneer Foods expects a muted first half, largely owing to an exceptional performance in the first half of the prior year, where adjusted headline earnings a share for continuing operations grew by 39%. The company was currently dealing with a weak rand...
Feb 12, 2016
Updated 5 hours ago South Africa’s representative at the Brics New Development Bank, Vice President Leslie Maasdorp, said emphasis on the National Development Plan was the highlight of the State of the Nation Address on Thursday. “What the president did tonight – despite the disruptions...
Feb 12, 2016
Updated 6 hours ago Demand for shipping containers as an alternative building material has increased across South Africa and the continent, with many companies discovering both uses and a wide variety of creative and socially uplifting applications for them, from student accommodation...
Feb 12, 2016
Jacob Zuma
Updated 5 hours ago South Africa will not reach its growth target of 5% per year, President Jacob Zuma said in his State of the Nation Address. The National Development Plan stipulates that South Africa’s economy needs to grow by at least 5% annually to make a meaningful dent in...
Feb 11, 2016
South Africa’s Competition Commission has recommended the Competition Tribunal conditionally approve the proposed merger between Gupta-owned Tegeta Exploration, Glencore’s Optimum coal mine and six target firms. The commission found that the proposed transaction was...
Feb 11, 2016
Incoming joint Sasol CEO Bongani Nqwababa
Incoming joint Sasol CEO Bongani Nqwababa believes “simplistic” correlations of the company’s performance to the oil price will become less relevant in coming years as the revenue and profit contribution of its chemicals business rises in line with its large North...
Feb 11, 2016
Despite ending the year better than expected, South Africa’s manufacturing production prospects for 2016 remained “dim”, stated BNP Paribas securities economist Jeffrey Schultz on Thursday. Manufacturing production ticked up 0.4% year-on-year in December 2015,...
 
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