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The more South Africans talk about manufacturing and reindustrialisation, the worse it seems to get. Manufacturing output fell by 1.1% year-on-year in September. The decline followed on from an annual increase of 2.8% in August and was well below the expectation of a...
Nov 23, 2012


The surprise resignation of Telkom CEO Nombulelo ‘Pinky’ Moholi serves to highlight just how untenable it can become for executives when government wants to be active both as shareholder and policy setter. Government now needs to take full responsibility for the...
Nov 16, 2012


Following several delays, government has moved to sign the agreements necessary to enable the first wind and solar projects, identified as preferred bidders under South Africa’s Renewable Energy Independent Power Producer Programme in December 2011, to move to...
Nov 09, 2012


South Africans must have felt a genuine sense of déjà vu last week when Eskom released its latest tariff request to the National Energy Regulator of South Africa. Double-digit hikes have become the horrible norm for electricity consumers, big and small. What was...
Nov 02, 2012


Hours after Austrian daredevil Felix Baumgartner burned towards earth at supersonic speed, SAA revealed some seriously speedy cash burn of its own. It emerged that, during the airline’s 2011/12 financial year, cash and cash equivalents fell from R2.3-billion in the...
Oct 26, 2012


The resignations at South African Airways have come thick and fast over the past few weeks, with some executives, including CEO Siza Mzimela, joining their nonexecutive colleagues in jumping (air)ship. The shareholder Minister, Public Enterprises Minister Malusi...
Oct 19, 2012


South Africa’s image has taken a serious beating since the tragic events of August 16, which took place near the Marikana mine, in the North West province. But it’s not only Marikana and the subsequent series of wildcat strikes that have caused the damage. Against...
Oct 12, 2012


The tragic and traumatic events that unfolded near the Marikana mine, in the North West province, on August 16, continue to reverberate. The nature of the settlement agreement also appears to have created the conditions of a perfect labour-market storm. What it will...
Oct 05, 2012


The South African economy is being hit on all fronts. Growth continues to be sluggish and there are new inflation concerns as energy prices rise and the rand weakens. In addition, our imports are outpacing our exports, which resulted in the deficit on the trade...
Sep 28, 2012


An inverse relationship has developed between government pontification on the virtues of beneficiation and the reality at South Africa’s existing beneficiation plants. Ferrochrome producers, in particular, have been warning for years that, unless active measures are...
Sep 21, 2012


As the Congress of South African Trade Unions (Cosatu) prepares for its national congress later this month, its general secretary, Zwelinzima Vavi, appears to be between the proverbial rock and a hard place. There is the immediate dilemma of having to display unity...
Sep 14, 2012


Nearly a month after the horrific events that took place near Lonmin’s Marikana mine, in the North West province, South Africa is still experiencing the reputational fallout. Rebuilding that lost reputation is going to require a major rethink about the role and...
Sep 07, 2012


The tragic events that took place near Lonim’s Marikana mine, in the North West province, have left all South Africans shocked and depressed. This shameful moment demands deep reflection on the state of society. It’s a timely reminder that prevailing levels of...
Aug 31, 2012


At least the serious issues surrounding SA Express’s financial statements have resulted in some far-reaching changes to the governance structures at the airline. To be sure, unless things are put back on track quickly, the flying public is going to have second...
Aug 24, 2012


South Africa’s ambassador to the US Ebrahim Rasool has warned that there should be no complacency, or presumption, among government, business and labour over the automatic extension of the Africa Growth and Opportunity Act (Agoa) beyond September 30, 2015 – Agoa...
Aug 17, 2012


Are there any lessons for the South African economic policymakers and businesspeople from the sensational Olympic victories by swimmers Cameron van der Burgh and Chad le Clos? One could be that, while practice, determination and vision are essential, in the end it...
Aug 10, 2012


Auditor-general Terence Nombembe’s report on the state of municipal accounts makes for dismal reading. It shows that there was R11-billion in unauthorised, irregular, fruitless and wasteful expenditure in 2010/11. The report highlights a lack of consequences for...
Aug 03, 2012


South Africa is all set for another arduous round of power tariff deliberations as Eskom puts the final touches to its submission to the National Energy Regulator of South Africa (Nersa). The utility is in mandatory consultations with the National Treasury and the...
Jul 27, 2012
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