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Sep 16, 2014
Hundreds of innovators and entrepreneurs have gathered in Cape Town to discuss how to support more innovation in South Africa in a bid to drive the economy forward. Venture capitalists, dealmakers, entrepreneurs and academics have been mingling at the South African...
Sep 16, 2014
The University of Cape Town (UCT) has maintained its upward trend in the yearly Quacquarelli Symonds (QS) World University Rankings, moving up four places to 141 for the 2014/15 ranking cycle. The QS World University Rankings compare the top 800 institutions around...
Sep 16, 2014
Lynne Brown
South Africa's new Medupi power plant is expected to add 0.35% to gross domestic product, Public Enterprises Minister Lynne Brown told parliament on Tuesday. State power utility Eskom announced that the first unit of the new coal-fired plant would link up with the...
Sep 15, 2014
Article contains comments
The skills level of black African workers has not increased as it should have over the past 20 years, with the skills level of black youth aged 25 to 34 having regressed, Statistics South Africa (Stats SA) statistician-general Pali Lehohla said on Monday. Releasing...
Sep 15, 2014
Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene reported on Monday that nonstrategic government assets had been identified within various government departments that could be used to support an equity injection into the financially strained State-owned electricity producer, Eskom....
Sep 15, 2014
The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behaviour that can exacerbate asset price fluctuations, a Bank for International Settlements (BIS) report said on Sunday. In its...
Sep 12, 2014
The Department of Trade and Industry (DTI) aims to improve the enforcement of localisation by having the Auditor General flag as “irregular expenditure” any flouting of buy-local procurement rules by government departments and State-owned companies. Preferential...
Sep 12, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies confirmed on Friday that the Hebei Iron and Steel Group, of China, was set to partner with the State-owned Industrial Development Corporation (IDC) on the development of steelmaking capacity based on the raw material...
Sep 12, 2014
Sep 12, 2014
Sep 12, 2014
Sep 12, 2014
 
 
 
Sep 12, 2014
DR COBUS OOSTHUIZEN Leaders must be honest, have foresight and should lead by example
This year, Belgium-headquartered worldwide partnership of companies and business schools and learning organisations the Globally Responsible Leadership Initiative reaffirmed the need for business schools to do more to influence students to make ethical decisions and...
Sep 12, 2014
YOGAVELLI NAMBIAR SMEs need to be supported to be sustainable, to grow and to thrive
Small business development received a boost with the launch of the Gordon Institute of Business Science’s (GIBS’) Enterprise Development Academy (EDA) at the business school’s campus in Illovo, Johannesburg, last month. “Government’s National Development Plan...
Sep 12, 2014
PFUNGWA SERIMA SAP Africa’s focus over the next year will be on knowledge transfer and skills development, coverage and partnerships
Enterprise resource planning giant SAP will invest $500-million in its African operations until 2020, with the short-term aim of broadening its skills development initiatives and local presence on the continent, says SAP Africa CEO Pfungwa Serima. “Each quarter, SAP...
Sep 12, 2014
Steve Bluen We teach business leaders to be critical thinkers and how to anticipate future events
The TopMBA Global 200 Business Schools Report 2013/2014 ranks the University of the Witwatersrand’s (Wits’) Business School (WBS) at number two in the Africa and Middle East region. School head professor Steve Bluen says one of the reasons why the business school...
Sep 12, 2014
FRIK LANDMAN With the help of partnerships, we want to establish an advanced network of learning throughout Africa
The newly established Transnet Centre for Business Management of Projects (TCBMP) at the University of Stellenbosch Business School (USB), in the Western Cape, will improve the training of project managers in the country, says management development company USB...
Sep 12, 2014
DINESH KUMAR Strategic use of procurement to support local production and services will benefit from the development of specialist procurement skills in Africa
Procurement is recognised as an increasingly strategic function of organisations that can add significant value to the procurement spending of African countries and companies, but requires skills and knowledge, says advisory firm KPMG South Africa associate director...
Sep 12, 2014
Height safety consulting and training provider Height Wise, a subsidiary of rope access provider Skyriders, has trained more than 1 200 people from several industries, including Africa’s mining, telecommunications and energy sectors, in the basic principles of the...
Sep 12, 2014
Since its decision to invest in existing equipment instead of buying new products, nylon web slings and endless round polyester slings manufacturer and distributor Kelmeg Lifting Services (KLS) has experienced significant growth over the past two years, with...
Sep 12, 2014
WALTER BAETS This recognition is a stamp of quality and proof that African business schools can be taken seriously
The University of Cape Town Graduate School of Business (UCT GSB) is one of only three African business schools to have received triple-crown accreditation from the European Foundation for Management Development (EFMD). “This recognition is a stamp of quality and...
Sep 11, 2014
Despite growing interest and investment in Africa, the lack of complete and good-quality information about African stock markets was contributing to a continued hesitancy by international public companies to list on Africa’s stock exchanges and by foreign investors...
 
 
 
 
Sep 11, 2014
Maite Nkoana-Mashabane
South Africa and Australia have committed to advance each other’s common interests, while unleashing mutual economic opportunities. This emerged after bilateral consultations between International Relations and Cooperation Minister Maite Nkoana-Mashabane and her...
Sep 11, 2014
Article contains comments
President Jacob Zuma
The big increase in South Africa's national debt relative to GDP in the past five years is a strategic move aimed at spurring economic recovery, President Jacob Zuma said on Thursday. "The increase... reflects the adoption of a counter-cyclical strategy in response...
Sep 11, 2014
Article contains comments
South Africa's manufacturing production fell more than expected to -7.9% year-on-year in July, from a revised 0.2% expansion in June, Statistics South Africa said on Thursday. On a month-on-month basis, factory production was down 3.6%, and fell 2% in the three...
Sep 11, 2014
Sierra Leone has cut its 2014 economic growth forecast to 7% or 8% as an Ebola outbreak cripples business in the iron ore-exporting West African country, the government said on Wednesday. The economic outlooks for Guinea and Liberia, two other mining-dependent West...
Sep 10, 2014
Unctad economist Alex Izurieta
Given the insufficiency of global demand, it is highly unlikely that international trade alone will be able to kick-start economic growth, a new United Nations Conference on Trade and Development (Unctad) report argues. The Trade and Development Report 2014 notes...
Sep 10, 2014
Article contains comments
Minister in the Presidency Jeff Radebe said on Monday that government had made “great” progress in countering corruption within State institutions, noting that President Jacob Zuma had, since 2009, signed 36 proclamations authorising the Special Investigating Unit...
Sep 10, 2014
Article contains comments
Zimbabwe has had to "cough up" $180-million in Chinese loan repayments or face losing its credit line, its finance minister said on Wednesday, in a sign Beijing is tightening its lending terms and expects debtors to be more accountable. In the absence of funding from...
Sep 09, 2014
Article contains comments
South Africa has the worst maths and science teaching in the world according to a World Economic Forum (WEF) global competitiveness report. The country came last, 144th out of 144 countries, for maths and science teaching, according to the report released on Monday.
Sep 09, 2014
Article contains comments
Sep 09, 2014
Article contains comments
 
 
 
 
Sep 09, 2014
In its first noticeable rise in more than a year, the Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index (BCI) increased by five points to 46 in the third quarter of the year, indicating that just shy of 50% of respondents felt...
Sep 09, 2014
The shortfall on South Africa's current account widened more than expected to 6.2% of GDP in the second quarter of the year from a shortfall of 4.5% previously, hit by prolonged strikes and lower global demand, the central bank said on Tuesday. Economists had...
Sep 09, 2014
South African employers have reported cautiously optimistic hiring intentions for the upcoming quarter, with 10% of those polled in a recent study expecting to increase staffing levels, 5% forecasting a decrease in employee numbers and 85% anticipating no change to...
Sep 08, 2014
Article contains comments
The Labour Court in Johannesburg on Monday declared the lockout of National Union of Metalworkers of South Africa (Numsa) members by employers affiliated to the National Employers' Association of South Africa (Neasa) legal. Neasa had embarked on the lockout last...
Sep 08, 2014
Article contains comments
While acknowledging that South Africa’s formal youth unemployment rate – currently at 36% – “appears dire”, Deputy President Cyril Ramaphosa believes interventions within the National Development Plan (NDP) will grow the economy, create jobs and provide young people...
Sep 05, 2014
Sep 05, 2014
Worldwide, aviation safely transports more than three billion people a year. It is, as the International Air Transport Association (IATA) points out, the safest form of transport there is. Everywhere, aviation has become a key factor in economic growth. Africa is no...
Sep 05, 2014
The South American country of Peru has been one of the leading socioeconomic development successes of the past 25 years. Just over a decade ago, the country's poverty rate was almost 60%. By 2009, it had fallen to 33.5%, then to 30.8% in 2010, 27.8% in 2011, 25.8% in...
Sep 04, 2014
Article contains comments
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel has hinted to further amendments to South Africa’s Competition Act – changes that could increase the powers of the competition authorities to influence the industrial structure of the economy through forced divestiture and...
Sep 04, 2014
Article contains comments
South Africa needs to attract ships to its national register or continue forking out R44-billion a year to foreign operators, Deputy Transport Minister Sindisiwe Chikunga said on Thursday. Speaking at a Transport Forum discussion on maritime issues, in Johannesburg,...
 
 
 
 
Sep 03, 2014
The Small Enterprise Finance Agency (Sefa) has funded over 40 000 small and medium enterprises over the past year, said Sefa CEO Thakhani Makhuva. Makhuva briefed Parliament’s Portfolio Committee on Small Business Development on Wednesday.
Sep 03, 2014
The collapse of microlender African Bank Investments has led to a “significant” 17.2% drop in confidence in South Africa’s financial sector in the third quarter of 2014, the Merchantec Capital CEO Confidence Index has revealed. Confidence in the financial sector...
Sep 03, 2014
Article contains comments
Signalling the end of a five-month period of contraction, the HSBC South Africa Purchasing Managers Index (PMI) edged back into expansionary territory in August, moving to 51.1 points after having dropped to a record low 46.4 in a strike-affected July. The index,...
Sep 03, 2014
South Africa’s business confidence has seen a mild recovery, with indications that the Business Confidence Index (BCI) has bottomed out, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday. The slight 1.1 index point hike to 89 during August,...
Sep 03, 2014
The Nairobi Securities Exchange (NSE) has raised 627-million Kenyan shillings ($7.1-million) for expansion in an oversubscribed initial public offering as part of plans to demutualise the bourse. Demutualisation is seen as a way of curbing the influence stockbrokers...
 
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