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Nov 24, 2014
Updated 32 minutes ago Fourth renewables bid announcement postponed amid third-round closure delay
Nov 24, 2014
Updated 42 minutes ago The Parliamentary Portfolio Committee on Labour would, this week, interact with steel- and mineworkers on the national minimum wage during the second leg of its public hearing process. The first leg of hearings took place in the Western Cape earlier this month where...
Nov 24, 2014
International Relations and Cooperation Minister Maite Nkoana-Mashabane
Updated 5 hours ago Germany has committed to provide nearly R1-billion to South Africa for various joint projects, the German embassy said on Friday. "A total of €72.5-million, nearly R1-billion, were committed by Germany to the government of South Africa for development cooperation,"...
Nov 21, 2014
Article contains comments
Steel among the five resource value-chains being prioritised
The Mineral Beneficiation Action Plan (MBAP), which is currently in draft form, should be finalised by the end of March 2015, the Department of Trade and Industry (DTI) has confirmed. The department is leading the drafting process, which also involves the National...
Nov 21, 2014
Article contains comments
South Africa had a moral and business obligation to aide the growth of its neighbours and Zimbabwe was moving to put its best foot forward to ensure it attracted the investment it needed to bolster its industrialisation and development programmes from South Africa....
Nov 21, 2014
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Nov 21, 2014
Driver training is one of the single biggest interventions that can salvage the tarnished reputation of the transport sector, which is currently seen as a high-risk industry owing to the number of buses and trucks causing carnage on South African roads, says...
Nov 21, 2014
CLADDING WORK Samcra is regulating the industry to benefit metal roofing professionals
Metal roofing industry body Southern African Metal Cladding and Roofing Association (Samcra), a division of the Southern African Institute of Steel Construction, completed the draft of the new standard for cladding, aimed at assisting engineers and specifiers with...
Nov 21, 2014
Nov 21, 2014
Nov 20, 2014
Nov 20, 2014
 
 
 
Nov 20, 2014
Reserve Bank governor Lesetja Kganyago
The repo rate will remain unchanged at 5.75%, South African Reserve Bank governor Lesetja Kganyago said in Pretoria on Thursday. Kganyago, announcing the monetary policy committee's decision for the first time as governor since replacing Gill Marcus, said the...
Nov 20, 2014
Deputy President Cyril Ramaphosa
Deputy President Cyril Ramaphosa says the Expanded Public Works Programme (EPWP) has alleviated poverty in those areas where it has been implemented. Responding to questions for oral reply at the National Assembly on Wednesday, the Deputy President said the programme...
Nov 20, 2014
Numsa and its seven supporting unions have filed papers in the High Court in Johannesburg in a bid to get Cosatu to hold a special national congress. "We have jointly filed papers with other affiliates to demand convening of the special national congress," Numsa...
Nov 19, 2014
More people across Africa have access to a cellphone network than they do to electricity, piped water, or a health clinic, according to the latest Afrobarometer released on Wednesday. The survey, titled "Developing Africa's Infrastructure: the Rough Road to Better...
Nov 19, 2014
Total turnover in the private sector economy rose by over eight% in the 2013 financial year, Statistics SA (Stats SA) said on Wednesday. "Turnover was estimated at R7-trillion, the purchases were R4.1-trillion," Stats SA private sector statistics manager Krisseelan...
Nov 19, 2014
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies reiterated on Tuesday that the procurement of goods that conform to local content requirements was not just a recommendation for State entities but a legal requirement. During a Portfolio Committee on Trade and Industry...
Nov 18, 2014
Africa’s gross domestic product (GDP) will grow by 50% to $3.7-trillion over the next five years as the continent’s rapidly expanding middle class helps drive faster rates of urbanisation and increased consumer demand for goods and services, a new report by global...
Nov 18, 2014
Aligning the curriculum of technical and vocational education and training (TVET) colleges with current labour market requirements, the Department of Higher Education and Training (DHET) has committed to intensifying collaboration with the private sector to enable...
Nov 18, 2014
Finance Minister Nhlanhla Nene
Sluggish global economic growth was of concern to all at the G20 leaders summit held in Brisbane, Australia, Finance Minister Nhlanhla Nene said on Tuesday. "Leaders noted that the world economy is not growing fast enough due to the lack of global demand and supply...
Nov 17, 2014
Article contains comments
President Jacob Zuma
President Jacob Zuma has concluded his visit to Australia where he participated in the G20 summit, the presidency said on Sunday. Zuma commended the outcome of the summit where the focus was a commitment to lift the G20's Gross Domestic Product (GDP) by at least an...
 
 
 
 
Nov 14, 2014
Article contains comments
Cosatu general secretary Zwelinzima Vavi
Cosatu general secretary Zwelinzima Vavi has admitted that the trade union federation is in trouble, The Star reported on Friday. "Cosatu today is in tatters and absolutely in trouble. Factionalism is tearing it apart," Vavi was quoted as saying at a memorial service...
Nov 14, 2014
Article contains comments
Jose Ugaz, the new head of Transparency International, brings an activist bent and prosecutor's zeal to the job of leading the world’s largest anticorruption organisation. Top of his agenda is to name and shame kleptocrats who plunder state coffers in a campaign...
Nov 14, 2014
Brewing and bottling company SABMiller CEO Alan Clark initiated further realignment of responsibilities within the group’s executive committee last month, following the combination of the company’s South Africa and Africa business unit into a single region. The...
Nov 14, 2014
The basic idea behind the creation of a nuclear network in South Africa is to prevent the country developing a mess of overlapping bilateral and multilateral cooperative agreements between institutions, as a result of ad hoc, or narrowly focused arrangements. Under...
Nov 14, 2014
UNDER PRESSURE The South African civil construction industry is under greater pressure, owing to a slow start to the year for the economy that was exacerbated by strike action
The South African Forum of Civil Engineering Contractors (Safcec) noted in its ‘State of the South African Civil Industry: Quarter 2, 2014’ report, released in July, that the South African civil construction industry is under greater pressure, owing to a slow start...
Nov 14, 2014
The new guard at Aveng Manufacturing is steadfast in its focus to grow and expand the 125-year old manufacturing business across the African continent. With combined specialist skills across water, effluent and mineral processing sectors this African market leader...
Nov 14, 2014
The Potchefstroom campus of the North West University (NWU) recently hosted a workshop to plan the creation of a network for nuclear education, science and technology in South Africa. The creation of such a network would bring this country into line with many other...
Nov 14, 2014
Global agribusiness company Syngenta officially unveiled the expansion of its Brits Formulation, Fill & Packaging Plant (FF&P) site in the North West last week, which added an automated herbicide filling line to its sit
Nov 14, 2014
The National Youth Development Agency (NYDA) and brewing and bottling company South African Breweries (SAB) launched the second season of the local reality television series, Future Leaders, which aired on SABC 1, October 14. A month-long nationwide search has...
Nov 13, 2014
Article contains comments
Pan-African Investment and Research Services CEO Dr Iraj Abedian
Respondents to the Manufacturing Circle’s quarterly Manufacturing Bulletin surveys have become increasingly pessimistic about the outlook for the sector, notwithstanding a recovery in output in September and improvement to the Purchasing Managers' Index (PMI)....
 
 
 
 
Nov 13, 2014
The National Employers’ Association of South Africa (Neasa) plans to return to the Labour Court, in Johannesburg, for final arguments relating to its urgent application to prevent the Metal and Engineering Industry Bargaining Council (MEIBC) from requesting the...
Nov 13, 2014
Nov 13, 2014
Article contains comments
Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene says the coming two years are likely to be “challenging” for South Africa as government moves to rebuild the fiscal space that has been exhausted through actions taken to stimulate the economy following the global economic crisis. But...
Nov 12, 2014
GE Africa president and CEO Jay Ireland
US multinational GE has confirmed that Jay Ireland, the group’s Africa president and CEO, has been appointed to the newly establish US President’s Advisory Council on Doing Business in Africa. The council was established by President Barack Obama following the recent...
Nov 12, 2014
Article contains comments
KwaZulu-Natal faced tough economic times, MEC of Finance Belinda Scott told the African Economic Expansion Summit (AEES), in Durban, this week. As the second-largest contributor to the country’s economy, at 16.5%, the province had generated an estimated real gross...
Nov 12, 2014
Article contains comments
The existing Lake Charles facility where Sasol already has a 455 000 t/y operational ethane cracker
In a reversal of traditional foreign-investment flows, an African company is poised to make the largest-ever capital investment into the southern US State of Louisiana, with a second, even bigger, investment under investigation. JSE-listed energy and chemicals group...
Nov 12, 2014
All development policies in Mozambique are focused on two major issues: poverty reduction and social and economic infrastructure development. This was affirmed to Engineering News Online on Wednesday by the Rector of Mozambique's Higher Institute of International...
Nov 12, 2014
Zwelinzima Vavi
The Congress of South Africa Trade Unions (Cosatu) will lose more than R1-million a month in affiliation fees after its central executive committee (CEC) decided to expel the National Union of Metalworkers of South Africa (Numsa). "The only thing we did – in order to...
Nov 12, 2014
President Hery Rajaonarimampianina
Madagascar needs to improve tax collection and invest in infrastructure to increase the pace of its economic recovery from the 3% growth expected this year, the International Monetary Fund said on Tuesday. The Indian Ocean island state, famed for its wildlife and...
Nov 11, 2014
Ratings agency Standard & Poor's (S&P’s) affirmed its 'BBB-' long-term foreign and local currency ratings on South African electricity utility Eskom on Tuesday. S&P’s also removed the State-owned utility from CreditWatch, but said it had applied a negative outlook to...
 
 
 
 
Nov 11, 2014
South Africa will resume seafood exports to Russia for the first time in almost two decades, a leading fishing company said on Tuesday, as Moscow looks elsewhere for food sources following Western sanctions against it over Ukraine. "Since the late 1990s this is the...
Nov 11, 2014
Mzwandile Masina
Economic consolidation is a prerequisite for Africa to take its rightful place among the top global economies. This was one of the central themes highlighted during the opening of the inaugural African Economic Expansion Summit, in Durban, on Tuesday.
Nov 11, 2014
ANC Secretary General Gwede Mantashe
The ruling African National Congress (ANC) says the expulsion of the National Union of Metalworkers of South Africa (Numsa) is disappointing and tragic. ANC Secretary General Gwede Mantashe addressed reporters on Monday at Luthuli House, following the outcome of the...
Nov 11, 2014
It is regrettable that Cosatu was left with no option but to expel Numsa, the South African Communist Party's political bureau said on Tuesday. "For many months, throwing reckless insults in all directions, the Numsa leadership has shown no inclination to seek...
Nov 11, 2014
Trade activity improved substantially in October, with the South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted Trade Activity Index (TAI) having increased to 54 points, compared with 48 points in September. Sacci stated that the TAI had...
 
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