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Aug 28, 2015
Government should face the fact that South Africa’s full-blown jobs crisis is a matter of urgent public importance, the Democratic Alliance (DA) said on Friday. MP James Vos, the DA shadow minister of tourism, was responding to a letter by Baleka Mbete, the Speaker...
Aug 28, 2015
To celebrate South Africa’s top researchers’ continued pioneering work in advancing knowledge creation and innovation, the yearly National Research Foundation (NRF) Awards was held in Durban on Thursday. University of Cape Town (UCT) Department of Astronomy Professor...
Aug 28, 2015
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies this week relaunched the Support Programme for Industrial Innovation (SPII), which assists enterprises through the promotion of technology development and the provision of financial assistance for the development of...
Aug 28, 2015
Zimbabwean Vice President Emmerson Mnangagwa has expressed concern over food imports, saying they are draining the country's already strained resources, according to reports. Mnangagwa said aggressive measures were needed to improve the country's agricultural...
Aug 28, 2015
ASCENDING AFRICA Airbus customers in the African region account for 255 orders since 1974 while there are currently 209 Airbus aircraft in service with 38 carriers in the region
In the past two years, European airliner maker Airbus has added eight African and Indian Ocean airlines to its regional operators’ base, continuing a growth trend that began in the mid-1970s and which is firmly on track to meet the region’s future needs for over 970...
Aug 28, 2015
TAKING FLIGHT The new certified aeroplane will be suitable for use in flying schools, recreation and other limited commercial purposes throughout the world
Light-aircraft manufacturer The Airplane Factory has signed a joint venture (JV) agreement with Belgium-based aerospace company Sonaca to develop and produce a certified new-generation training aeroplane for global use. The companies signed the JV agreement at the...
Aug 28, 2015
MECHATRONIC MANUFACTURING Pupils can explore and trial picking, sorting and handling systems, as well as the integration of these subsystems to create a manufacturing circuit
The Mechatronics laboratory, or MecLab, at science centre Sci-Bono, in Newtown, Johannesburg, will enable school pupils to build, test and operate industrial handling and automation systems, says Sci-Bono CEO David Kramer. “A key problem that educators and industries...
Aug 28, 2015
PREPARED When Caterpillar’s monitoring centre is alerted, the company’s analysts follow a custom, preset safety procedure
More than a dozen companies worldwide are using heavy machinery and engine manufacturer and designer Caterpillar’s 24/7 equipment operator monitoring service, which provides customers with the ability to see, mitigate and manage operator distraction or fatigue, says...
Aug 28, 2015
Aug 28, 2015
Aug 28, 2015
Aug 28, 2015
 
 
 
Aug 27, 2015
State-owned entity Land Bank has posted a 9.3% drop in profit from continuing operations year-on-year, citing a decline to R352.5-million in the 2015 financial year from R388.6-million in the 2014 period. The bank’s net cash position improved from R1.47-billion to...
Aug 27, 2015
Botswana's projected 2.6% budget deficit for the 2015/16 financial year could turn out to be much wider due to the downturn in the diamond market, credit rating agency, Moody's said on Thursday. Diamonds account for almost 40% of Botswana's budgetary revenue and...
Aug 27, 2015
South Africa’s successful Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has not only brought in hundreds of billions of rands in economic infrastructure investment but has also seemingly become the fulcrum of the country’s proposed...
Aug 27, 2015
Aug 27, 2015
Finance Minister Nhlanhla Nene
South Africa's government is concerned about its ability to raise revenue in the light of an economic downturn, Finance Minister Nhlanhla Nene said on on Thursday. Nene spoke two days after Statistics South Africa said the economy had shrunk for the first time in...
Aug 27, 2015
Aug 27, 2015
The South African Local Government Association (Salga) said on Wednesday it had successfully concluded the salary and wage negotiations with trade unions in the local government sector‚ and that "strike action and its destabilising effects have been averted". "The...
Aug 27, 2015
South Africa-focused coal miner Universal Coal has brushed off an indicative takeover offer from shareholder IchorCoal, calling it inadequate and opportunistic. Earlier this month, IchorCoal announced its intentions to make an all-cash offer of A$80-million to...
Aug 26, 2015
Deteriorating business conditions have pushed London-listed International Ferro Metals’ (IFM’s) South African subsidiary into business rescue proceedings. The financially distressed IFM SA, which operates the Lesedi underground mine and ferrochrome-smelting...
Aug 26, 2015
Article contains comments
The International Monetary Fund (IMF) said on Wednesday the performance of mining, agriculture and manufacturing posed risks to Zimbabwe's growth forecast as the nation grapples with a drought and economic slowdown. Zimbabwe has been struggling for five years to...
 
 
 
 
Aug 26, 2015
Article contains comments
Deputy President Cyril Ramaphosa
While South Africa’s economy is on a downward slope now, it will resurge and “go up as it has always done in the past”, Deputy President Cyril Ramaphosa told journalists in Tokyo on Tuesday. Ramaphosa, who is leading a delegation of government and business leaders on...
Aug 26, 2015
Article contains comments
While recognising the importance of the critical skills work visa, Parliament’s Portfolio Committee on Home Affairs has called for a “re-look” into a decision to issue a 12-month visa to unemployed foreign nationals while they were in a process of seeking employment,...
Aug 26, 2015
Article contains comments
In a bid to simplify the process of doing business with the State, government will launch it’s Central Supplier Database (CSD) – a catalogue of all information related to companies that supply products or services to the State. The CSD, which would be launched by...
Aug 26, 2015
The KwaZulu-Natal public and private sectors have no control over turbulence in international markets, currency depreciation and difficult trading conditions but will focus on what is within their reach – the delivery of key projects and developments that will boost...
Aug 26, 2015
South Africa's rand extended its recovery early on Wednesday along with fellow emerging markets after Chinese authorities cut interest rates to support its wavering economy. By 0630 GMT the rand had firmed 0.75% to 13.0955 per dollar, shrugging off a second quarter...
Aug 26, 2015
President Robert Mugabe pinned his hopes on China helping to revive Zimbabwe's struggling economy on Tuesday and outlined reforms to investment rules to try to attract more capital. In his first state of the nation address in eight years, the 91-year-old president,...
Aug 26, 2015
Statistician General Pali Lehohla
The amount paid on salaries for municipal employees across the country increased by nearly R7-billion between 2013 and 2014, Statistics South Africa said on Tuesday. This was despite the fact that the number of municipal employees had decreased by 1 229, from 307 216...
Aug 25, 2015
BHP Billiton CEO Andrew Mackenzie
China will continue to grow at 7% this year, BHP Billiton CEO Andrew Mackenzie said on Tuesday, when the mining giant posted a solid set of dividend-paying results. Mackenzie, who rejected the notion that China was “impossible to read”, expected the second half of...
Aug 25, 2015
South Africa's mining ministry hopes to clinch a deal with mining companies and trade unions next week aimed at saving jobs, as President Jacob Zuma's government grapples with high unemployment ahead of elections next year. The mining industry, which contributes...
Aug 25, 2015
South Africa’s gross domestic product (GDP) contracted by 1.3% quarter-on-quarter in the quarter ended June 30. “The real economy has not performed that well, including construction, which has always been one of the main job creators,” Statistics South Africa...
 
 
 
 
Aug 25, 2015
Article contains comments
President Jacob Zuma on Tuesday called on government, business, and trade unions to work together to prevent job losses in the struggling iron and domestic steel industry sector. “This is a time for unity in the sector so that this critical industry can be supported...
Aug 25, 2015
The rand pulled back from record lows against the dollar on Tuesday after the South African Reserve Bank (SARB) said it would consider intervening in exchange markets to ease excessive volatility. By 0600 GMT, the rand rose 0.11% versus the greenback to 13.1800 after...
Aug 25, 2015
Investors rattled about China sent US stock indices almost 4% lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple. The Dow Jones industrial average briefly slumped more than...
Aug 25, 2015
Mpumalanga Premier David Mabuza has launched a R10-million commission of inquiry into the socio-economic conditions of farmworkers in the province. Launching the eight-member commission in Mbombela on Monday, Mabuza said they were given eight months to complete the...
Aug 25, 2015
The South African Reserve Bank (SARB) said late on Monday it may consider becoming involved in foreign exchange markets to ensure orderly price action. The bank said it had maintained over many years its position of not intervening in the foreign exchange market.
Aug 24, 2015
The rand remained substantially weaker late on Monday after slumping to its worst level to date against the dollar — at R14 — amid global market routs and commodity price slumps after the Shanghai Composite closed more than 8% lower on the day‚ rattling investor...
Aug 24, 2015
Article contains comments
The SA Reserve Bank (SARB) will be keeping a careful eye on the rand on Monday, while analysts speculate on a further interest rate hike in November following the currency's dramatic plunge. The rand briefly fell to its lowest recorded level of R14.07/$ overnight and...
Aug 24, 2015
The world markets meltdown which continued on Monday spilled over to the JSE, dragging the All Share-index below 48 000 points. On Friday, the All Share closed below 50 000 points for the first time since the beginning of the year. On Monday, all the major indices on...
Aug 24, 2015
Article contains comments
The state-run corporations that have shaped South Africa's economy and been part of its every day life for nearly a century are mostly in a state of collapse, threatening to crush already weak growth. Economists estimate that underperformance and inefficiency in...
Aug 24, 2015
South Africa's rand hit an all-time low and stocks fell sharply on Monday, as rising concerns about waning growth in China hit commodity-linked currencies. The weaker rand is likely to fuel inflation, putting pressure on the central bank to raise domestic rates...
 
 
 
 
Aug 21, 2015
While ARB Holdings’ lighting division delivered a strong performance in the financial year to June 30, the JSE-listed group’s full-year earnings growth has been hampered by its electrical division’s continued battle with headwinds. The group’s headline earnings a...
Aug 21, 2015
Parliament’s Portfolio Committee on Public Enterprises has welcomed the turnaround strategy of State-owned regional carrier South African Express (SAX). This was reported in a media statement issued by the Committee, following a briefing it received from the airline...
Aug 21, 2015
IchorCoal CEO Nonkululeko Nyembezi-Heita
International coal producer IchorCoal intends to make an all-cash offer of A$80-million to acquire the shares in ASX-listed miner Universal Coal that it does not already own. The international mining company, led by CEO Nonkululeko Nyembezi-Heita, is focused on...
Aug 21, 2015
KARSTEN WELLNER The acquisition was aligned with the Ascendis international growth strategy of diversifying across different markets
Health and care brands group Ascendis Health last week announced its first international acquisition – an initial 49% stake in Spanish pharmaceutical group Farmalider for R210-million.
Aug 21, 2015
CYRIL RAMAPHOSA Attention needs to be paid to basic and secondary education, as well as higher education, vocational training and adult education
Deputy President Cyril Ramaphosa chaired a Human Resources Development Council (HRDC) meeting at the Pick n Pay regional offices in Johannesburg earlier this month, where it was revealed that baker was the third scarcest occupation in South Africa.
 
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