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Apr 25, 2014
Updated 7 hours ago South Africa needs to produce its own engineering skills, but it is important for all stakeholders to work together and not in isolation using the National Development Plan (NDP) as a guideline.
Apr 25, 2014
Updated 7 hours ago In Ernest Hemingway’s novel The Sun Also Rises, the question “How did you go bankrupt?” is posed. The response: “Two ways. Gradually, then suddenly.” For South Africa, the ‘gradually, then suddenly’ analogy could just as well be applied to the...
Apr 25, 2014
Updated 7 hours ago Trade union Cosatu has 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, says economic adviser to PwC Roelof Botha. The economist says Cosatu – “a dangerous organisation”...
Apr 25, 2014
Updated 7 hours ago The water sector is experiencing critical scarce skills shortage, owing to an insufficient skills base and fierce competition in the labour market for skilled personnel, said the Department of Water Affairs (DWA) acting director-general Trevor Balzer.
Apr 25, 2014
COMERCIAL DEVELOPMENT The Waterfall Estate is aimed at meeting diverse lifestyle types and requirements
Updated 7 hours ago The Waterfall Estate located at the nexus of a growing residential and commercial node in Gauteng last month released the latest – at this stage of development – 300 available stands at the estate with Waterfall Investment Company CEO Willie Vos highlighting that...
Apr 25, 2014
Updated 7 hours ago It had been expected, but not, I think, so soon. And the scale was greater than expected. So it came as quite a jolt. I am, of course, referring to Nigeria’s rather dramatic leapfrogging of South Africa to become by far the biggest African economy. This followed...
Apr 24, 2014
A new business association has been formally launched to link foreign suppliers of equipment to State-owned companies (SoCs) with large and small domestic companies in an effort to improve prospects for higher levels of local content in South Africa’s...
Apr 24, 2014
South African producer price inflation (PPI) again surpassed expectations in March, registering growth of 8.2% year-on-year from the 7.7% recorded in February, climbing to its highest level since February 2012 on the back of rising domestic price pressures, BNP...
Apr 24, 2014
Apr 24, 2014
Apr 23, 2014
Apr 23, 2014
 
 
 
Apr 22, 2014
About 67 000 retired Transnet employees and beneficiaries would be paid an ad hoc bonus equalling 8.33% of their yearly individual benefit by the end of April. Transnet on Tuesday said it approved R178-million to distribute among members of the Transnet Second...
Apr 22, 2014
In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping centre and business has only gotten worse for Grace, a 68-year-old shopowner. Like many proprietors of spaza shops...
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
Article contains comments
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
Article contains comments
South Africa's drive to create a competitive and food-secure State was boosted on Tuesday with the launch of the Centre of Excellence (CoE) in Food Security, at the University of the Western Cape, which would bring together a cohort of experts and researchers from 19...
Apr 16, 2014
The enrolment of students into technical and vocational education and training (TVET) colleges has grown by 131% since 2010 but there are still challenges that must be addressed through industry and college partnerships.
Apr 16, 2014
Article contains comments
Apr 16, 2014
Article contains comments
South Africa's Reserve Bank said on Wednesday it had had fined the country's top four banks a total R125-million rand ($11.8-million) over lax anti-money laundering controls. The central bank said in a statement it had fined the South African unit of Barclays Africa...
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
Article contains comments
Apr 15, 2014
Article contains comments
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
Article contains comments
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
Article contains comments
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
Article contains comments
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
Article contains comments
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
Article contains comments
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
Article contains comments
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...
 
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