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Apr 18, 2014
Few would argue with the notion that unemployment, which stands at around 25% on the narrow definition as reported by Statistics South Africa, remains one of the country’s most pressing challenges. Fewer still could contest the view that South Africa’s education...
Apr 18, 2014
Implementing big data analytics processes and enabling business intelligence systems are not information technology (IT) exercises, and require active involvement of relevant parts of a business to ensure the resultant capabilities meet future operational...
Apr 18, 2014
Business analysis systems expose the true performance of a business to enable daily operations to be cognisant of business performance and conditions, and executives to test and validate their strategic concepts using real performance data, says business intelligence...
Apr 18, 2014
Few would argue with the notion that unemployment, which stands at around 25% on the narrow definition as reported by Statistics South Africa, remains one of South Africa’s most pressing challenges. Fewer still could contest the view that South Africa’s education...
Apr 18, 2014
Collusion and fraud are often difficult to detect, owing to data potentially being manipulated to hide such activities in a company. However, by using established international auditing best practices and software tools, as well as by playing an active role in risk...
Apr 18, 2014
A key area of interest and concern in the South African Defence Review 2012 is “defence intellectual property”. The review recognises that a “vibrant defence industry remains a critical component of an effective South African defence capability”. Research,...
Apr 17, 2014
Renewable-energy projects, such as this Northern Cape solar farm, seen as key to low‐carbon energy supply.
Upfront investment costs will and should remain a critical consideration as South Africa moves to upscale and accelerate its infrastructure programmes. But one of the lead authors of the latest Intergovernmental Panel on Climate Change (IPCC) argues that the...
Apr 17, 2014
ANC SG Gwede Mantashe (L), chairperson Baleka Mbete (C) and President Jacob Zuma (R)
The creation of a small and medium enterprises department is very likely, African National Congress national chairwoman Baleka Mbete said on Thursday. "We are talking about a focused department looking at small and medium businesses because the departments must be...
Apr 16, 2014
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Apr 16, 2014
Apr 16, 2014
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Apr 16, 2014
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Apr 16, 2014
South African stocks were led lower by top tier mining stocks on Tuesday as global gold prices slumped by more than two percent on US dollar strength. AngloGold Ashanti was the biggest loser in the blue chips index, tumbling 3.78% at R184.25, its biggest percentage...
Apr 15, 2014
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Apr 15, 2014
South Africa’s infrastructure investment and roll-out ambitions face a significant capacity challenge as local government experiences a constraint in the availability of architects, engineers, project managers and financial managers. The nation’s pragmatic, but...
Apr 15, 2014
South Africa recorded its highest ever tourism month in December, a new Statistics South Africa (StatsSA) report shows, with a total of 937 792 overnight travellers, or tourists, of which 263 771 were from overseas and 668 045 from the rest of the continent. For 2013...
Apr 14, 2014
Apr 11, 2014
AfDB President Donald Kaberuka
African presidents and policy makers are pushing back against pessimism to tell the world their continent's economic boom is real and sustained, but they say it must work harder to roll back poverty and create jobs for its restless youth. From Senegal to Nigeria and...
Apr 11, 2014
STAYING RELEVANT A significant portion of production costs can be attributed to re-work, owing to surface defects
A coating preparation plant (CPP) and dip tank were installed and commissioned by local foundry consumable supplier Foseco – the foundry division of Vesuvius – in January, says Foseco South Africa sales and marketing manager Enno Krueger. There is a continuing...
Apr 11, 2014
South African retail companies are responding to the way in which e-commerce is changing their engagement model with customers by improving customer engagement channels and order fulfilment intelligence, says industrial and retail software company JDA Europe, Middle...
Apr 11, 2014
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In support of the South African government’s mandate to create more jobs and promote sustainable development, multilevel marketing company Amway’ business model aims to assist government in easing the startup of business and encourage an entrepreneurial mindset...
Apr 11, 2014
Steel and steel product manufacturer Scaw Metals Group has been awarded a Level 3 broad-based black economic empowerment (BBBEE) rating, emphasising its commitment to being a responsible corporate in South Africa.
 
 
 
 
Apr 10, 2014
As the distinction between the ‘developed’ and ‘underdeveloped’ world becomes more blurred, businesses and organisations aiming to meet the requirements of the next wave of globalisation need to adapt as “powerful” new players “disrupt the global...
Apr 10, 2014
The State-owned Development of Bank of Southern Africa (DBSA) has issued the first request for project proposals from public and private entities seeking to tap the European Union’s (EU’s) R1.6-billion (€100-million) Infrastructure Investment Programme for...
Apr 10, 2014
What matters more: the size of the pie or how many mouths it has to feed? It depends whether you're eating pies, or selling them. Most of Nigeria's 170-million people live below the poverty line, so many complained they didn't feel any richer when the oil producing...
Apr 09, 2014
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Transitioning to a green economy can help the world mitigate rising unemployment levels, particularly at a time when youth unemployment is peaking. Globally, in 2013, 202-million people were unemployed, up five-million on the previous year, said International Labour...
Apr 09, 2014
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Murray & Roberts CEO Henry Laas
A formal process has been initiated in an effort to rebuild trust that had been “catastrophically” destroyed between government and the construction industry in the wake of revelations of widespread collusion, Murray & Roberts (M&R) CEO Henry Laas has revealed....
Apr 09, 2014
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Agang SA party leader Dr Mamphela Ramphele
Agang SA party leader Dr Mamphela Ramphele on Wednesday accused the incumbent African National Congress (ANC) of attempting to hide its failure to foster a sense of entrepreneurship among citizens with its suggestion that a Small and Medium Enterprises (SME) Ministry...
Apr 09, 2014
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Transnet would spend R7-billion on training and upskilling young South Africans as part of its commitment to economic transformation, Public Enterprises Minister Malusi Gigaba told guests at a graduation ceremony for 84 graduates from the Transnet Maritime School of...
Apr 09, 2014
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Employed South Africans are highly likely to stay in their jobs, while the unemployed will find it increasingly hard to find work, Statistician General Pali Lehohla said on Wednesday. "In South Africa 93% of those [employed], which will be in the region of about 13...
Apr 09, 2014
Article contains comments
Mildred Oliphant
Twenty years since South Africa's first democratic election, remnants of apartheid remain in the workplace, Labour Minister Mildred Oliphant said on Wednesday. "It may be nuanced differently than the crude characterisation at the height of apartheid.
Apr 09, 2014
Consumers are struggling to pay monthly expenses and long-running strikes are undermining the foundations of the economy, BankservAfrica's Economic Transaction Index (BETI) has found. "With strikes, floods, and power constraints being the order of the day it has to...
 
 
 
 
Apr 09, 2014
File image from 2007
South African stocks rebounded on Tuesday after stumbling in the previous session, led by iron ore producers Kumba and Assore, which were lifted by a spike in futures prices triggered by stockpile jitters. Assore added 3.55% to R420.14 while Kumba Iron Ore, a unit of...
Apr 08, 2014
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) improved by 0.9 index points in March to 92.7. The March BCI was also 2.3 index points higher than the 90.4 of March 2013, reflecting a year-on-year improvement for the...
Apr 08, 2014
Article contains comments
The International Monetary Fund (IMF) has again lowered its growth outlook for the South African economy and has listed the country among those large emerging economies whose growth outlook has been downgraded as a result of domestic policy weaknesses, tighter...
Apr 08, 2014
Article contains comments
South Africa’s businesses will face increasing pressure to transform as the African National Congress (ANC) is pressed by opposition parties and the nation’s poor to combat unemployment and inequality. Two decades after the country’s inaugural democratic...
Apr 08, 2014
Trade union Cosatu had had a direct and indirect role in the destruction of an estimated one-million jobs in the South African economy over the last five years, said economic adviser to PwC Roelof Botha on Tuesday. Speaking to Engineering News Online at the...
Apr 08, 2014
South Africa's rand hit its strongest level against the dollar this year in Tuesday's early trading session as positive momentum continued for riskier emerging market currencies. At 0631 GMT, the rand hit 10.4645, its strongest level this year against the greenback...
Apr 07, 2014
Article contains comments
Apr 07, 2014
Apr 07, 2014
The rand hit a three-month high against the dollar on Friday, gaining in a knee-jerk reaction to a US jobs report that slightly missed market expectations, taking bond yields lower. South Africa's currency hit its strongest in the session after a US labour report...
Apr 07, 2014
Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation nearly doubled its gross domestic product (GDP), data from the statistics office showed on Sunday. GDP for 2013 in Africa's top oil producer totalled 80.3-trillion naira, or...
 
 
 
 
Apr 04, 2014
The Western Cape government will provide over 700 matriculants with work experience to bolster their chances of sustainable employment opportunities owing to the Department of the Premier committing R27-million to this year’s Advancement for Youth (PAY) project....
Apr 04, 2014
Article contains comments
The recent Africa-European Union (EU) Summit, which took place in Brussels, Belgium, in early April, reinforced the ongoing shift in development assistance away from traditional aid packages in areas such as infrastructure, health and agricultural development....
Apr 04, 2014
The quarterly Absa Small and Medium- (SME) sized enterprises, which measures the number of actively participating SMEs in South Africa’s economy, remained flat in the fourth quarter of 2013, increasing by only 0.1% from the third quarter to indicate the existence...
Apr 04, 2014
Despite the Ninth Ministerial Conference of the World Trade Organisation (WTO), held in Bali, Indonesia, from December 3 to December 7 2013, having resulted in some important agreements, South Africa remains uneasy about the current trends in global trade...
Apr 04, 2014
DENNIS DYKES The Nedbank Small Business Index aims to provide a clearer measurement of the state of the small-business sector
Business confidence in the small business sector remained subdued in the last quarter of 2013, which reflected the impact of a challenging economic environment, according to the fourth-quarter survey results of the Nedbank Small Business Index (NSBI) last month.
 
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