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Jul 30, 2014
Updated 4 hours ago While unauthorised expenditure by South Africa’s municipalities has declined year-on-year, irregular expenditure has recorded a R2-billion increase as municipalities failed to follow legislated procurement procedures, the latest Auditor-General South Africa audit...
Jul 30, 2014
Updated 4 hours ago As the growth gap between developing and advanced economies was closing, productivity improvements and structural growth were the only things that could, once again, accelerate economic growth in emerging markets, global information company IHS economics and country...
Jul 29, 2014
Jul 29, 2014
Striking National Union of Metalworkers of South Africa (Numsa) members had until Wednesday to report for duty at the Ngqura Container Terminal or face dismissal, Transnet warned on Tuesday. The Labour Court this week declared the 14-week Numsa-led strike at the port...
Jul 29, 2014
AECI CEO Mark Dytor
AECI’s explosives arm AEL has branched out into Australia as it teams up with undisclosed customers for the supply of explosives into this new market. An AECI office had been established in Brisbane, while preparations were under way to ship a bulk emulsion plant...
Jul 29, 2014
Article contains comments
South Africa’s unemployment rate rose by 0.3 of a percentage point, or 87 000 persons, quarter-on-quarter to 25.5% during the three months ended June to reach its highest level since 2008, Statistics South Africa (Stats SA) revealed on Tuesday in its Quarterly...
Jul 29, 2014
Article contains comments
State-owned electricity producer Eskom reported on Tuesday that a five-point recovery plan was being introduced in a bid to place its underperforming power station fleet on a “sustainable path”. However, Eskom cautioned that an additional 7 400 MW of capacity...
Jul 29, 2014
Gwede Mantashe
Society needs to debate solutions to strikes that last too long, ANC secretary general Gwede Mantashe said on Tuesday. "Such a debate must not be seen as an attack on workers' rights and an affront on the right to strike but rather an important step towards...
Jul 29, 2014
Jul 29, 2014
Jul 28, 2014
Jul 28, 2014
 
 
 
Jul 28, 2014
A global survey of 3 500 businesses in 40 countries has found that 81% of executives worldwide believe the implementation of a proposed new intergovernmental action plan to shape equitable international tax systems will not be successful. The 15-point international...
Jul 26, 2014
The head of economics and trade at the Delegation of the European Union (EU) in Pretoria has acknowledged South Africa’s trade negotiators won important concessions in the long-running Economic Partnership Agreement (EPA) trade talks. But he says it was South...
Jul 25, 2014
Article contains comments
ADAM HABIB University of Witwatersrand vice-chancellor and principal Adam Habib
The first of a series of 15 public debates exploring options for the implementation of the National Development Plan (NDP) was officially inaugurated at the University of the Witwatersrand (Wits) School of Governance this week. In association with the Oliver and...
Jul 25, 2014
A unit of the World Bank has lent Kenya $50-million at zero interest to support the government's efforts in building capacity to manage the emerging oil and gas industry. Oil discoveries in Kenya are part of a string of hydrocarbon finds in the east African region...
Jul 25, 2014
Robbie Venter, Bill Venter & Madelise Grobler
Allied Electronics (Altron) has revamped its subsidiary Allied Technologies’ (Altech’s) training academy into a corporate university aimed at developing ever-evolving, critical skills for the company and industry, nurturing a culture of lifelong learning and...
Jul 25, 2014
Agriculture Minister Senzeni Zokwana
Operation Phakisa is expected to place marine resources central in the economy, says Agriculture, Forestry and Fisheries Minister, Senzeni Zokwana. Operation Phakisa is aimed at fast-tracking the delivery of the priorities outlined in the National Development Plan...
Jul 25, 2014
The Gauteng Treasury has outlined firm plans to work more closely with municipalities and local spheres of government to improve financial management, accelerate the payment of invoices and identify new sources of revenue generation, provincial MEC for Finance...
Jul 25, 2014
Gauteng MEC for Finance Barbara Creecy revealed in a statement on Friday that the leadership of the Gauteng Department of Finance (GDF) have acknowledged that they have been “ambivalent” about their mandate and direction, and have consequently been “more...
Jul 25, 2014
Article contains comments
Mike Rossouw
Eskom’s appointment of former mining executive Mike Rossouw on a one-year, extendable assignment appears to be closely associated with Public Enterprises Minister Lynne Brown’s appeal for “extraordinary” steps to be taken to deal with the “unsatisfactory”...
Jul 25, 2014
Sacci CEO Neren Rau
Neren Rau, South African Chamber of Commerce and Industry (Sacci) CEO, sat down with Tracy Hancock of Engineering News to speak about the career path that led to his employment at Sacci and his next career move As Neren Rau nears the end of his second contract at...
 
 
 
 
Jul 25, 2014
TURBOCHARGING SKILLS DEVELOPMENT The Ford Struandale Engine Plant donated four turbo-diesel engines to propel skills development and training at the Coega Skills and Training Development Centre
Vehicle manufacturer Ford donated four diesel engines to State-owned entity, the Coega Skills and Training Development Centre, to enhance skills development in the automotive industry.
Jul 25, 2014
IN THE CLASSROOM Alusani Skills & Training Network offers relevant training to engineers and construction professionals
A 2013 survey of South African engineers, carried out by financial services company the Professional Provident Society of South Africa, showed that 43% of the engineers believe that the engineering qualifications currently on offer by tertiary institutions are...
Jul 24, 2014
Article contains comments
Olivier Blanchard
The International Monetary Fund (IMF) has once again lowered its 2014 growth forecast for South Africa to 1.7%, having previously forecast that Africa’s second-largest economy would expand by 2.3%. The 0.6% downward revision, which is contained in the World...
Jul 24, 2014
A study on the economic state of the City of Johannesburg’s (CoJ’s) economy has revealed lagging growth and a lack of diversification as the city struggled to return to pre-financial crisis growth levels. The ‘CoJ Economic Overview 2013: A Review of the State...
Jul 24, 2014
With the right reforms and investment, Nigeria had the potential to raise its gross domestic product (GDP) by 7.1% a year through to 2030, to more than $1.6-trillion, which could make the country a top 20 global economy, a new report by the McKinsey Global Institute...
Jul 24, 2014
Jeff Radebe
Cabinet approved the five-year Medium-Term Strategic Framework (MTSF) of government on Wednesday, which would serve as the “building block towards the 2030 vision in the National Development Plan (NDP)”. The MTSF, which covers the period 2014 to 2019, reportedly...
Jul 24, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies has re-emphasised government’s commitment to the creation of a viable local minerals beneficiation industry, saying the country could establish a competitive advantage in global markets by leveraging that fact that minerals...
Jul 24, 2014
The Group of 20 (G20) summit to be held in Australia, in November, will focus on three key areas, namely promoting strong economic growth and employment outcomes by empowering the private sector, making the global economy more resilient and strengthening global...
Jul 24, 2014
Article contains comments
Local companies are expecting the implementation of the revised Codes of Good Practice to result in a decrease in their black economic-empowerment (BEE) scores, a survey by professional services firm KPMG shows. Seventy-five per cent of respondents to the firm’s...
Jul 24, 2014
Article contains comments
 
 
 
 
Jul 24, 2014
South Africa's UASA union has broadly accepted an offer for wage increases of up to 10%, a spokesperson said on Thursday, a move that would take about 20 000 metal workers out of a three-week strike that has hit the supply of auto parts. More than 200 000 metal and...
Jul 24, 2014
Cyril Ramaphosa
South Africa should adjust labour laws so union members have to vote before striking, Deputy President Cyril Ramaphosa said on Thursday, suggesting the government may push ahead with reforms to curb damaging industrial action. The longest and costliest strike in...
Jul 23, 2014
The World Bank group and the Swiss State Secretariat for Economic Affairs (Seco) on Wednesday signed an agreement for a four-year $4.12-million multidonor trust fund programme to support efforts by the South African government to strengthen its financial regulatory...
Jul 23, 2014
Article contains comments
The Department of Trade and Industry (DTI) will move decisively to develop bolder instruments to support black industrialists and youth. Delivering the department’s Budget Vote on Tuesday, Trade and Industry Deputy Minister Mzwandile Masina said they will develop...
Jul 23, 2014
Defence Minister Nosiviwe Mapisa-Nqakula
In her budget speech to Parliament in Cape Town on Wednesday, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula has reported progress in the institutionalisation of the relationship between the Department of Defence (DoD) and the local defence industry....
Jul 23, 2014
Small Business Development Minister Lindiwe Zulu
Acknowledging that the newly formed Department of Small Business Development (DSBD) remained in the “process of configuration”, Small Business Development Minister Lindiwe Zulu assured Parliament on Tuesday that the department remained conscious of the need to...
Jul 23, 2014
President Jacob Zuma
President Jacob Zuma says South Africa is making progress in the fight against corruption, as evidenced by the Special Investigations Unit (SIU) probes he has authorised in the last five years. Between 2009 and 2014, the President signed 36 proclamations with five...
Jul 23, 2014
After indicating for several years its intention to develop a local minerals beneficiation industry, government has announced that it will, this year, develop a Minerals Beneficiation Action Plan as a component of the Industrial Policy Action Plan. Addressing...
Jul 22, 2014
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel says government will be prioritising six ‘I’s as part of its “radical economic transformation” agenda for the coming five years. Delivering his Budget Vote in Parliament on Tuesday, Patel said the six components...
Jul 22, 2014
The Johannesburg Labour Court has made an agreement reached last week between trade union Solidarity and telecommunications group Telkom an order of the court, the union said on Tuesday. The agreement outlined the suspension of all planned selections, appointments...
 
 
 
 
Jul 22, 2014
Telecommunications giant MTN has, for the second year running, been named the country’s most valuable brand, accounting for 16.5% of the total value of the country’s top 50 brands and potentially emerging as Africa’s first home-grown “superbrand”, Brand...
Jul 22, 2014
Article contains comments
The Steel and Engineering Industries Federation of Southern Africa (Seisfa) on Tuesday reluctantly accepted a Ministerial proposal on wage offers, but would not back down on the need for Section 37 of the Main Agreement of the Metal and Engineering Industries...
Jul 22, 2014
The affordability assessments undertaken by credit providers were set to be standardised, with the Department of Trade and Industry (DTI) planning to publish draft regulations for public comment at the end of July. As the over-indebtedness levels of South Africa’s...
Jul 22, 2014
Article contains comments
Higher Education and Training Minister Dr Blade Nzimande
The Department of Higher Education and Training (DHET) has allocated R19.2-billion to increasing the number of technical and vocational education and training (TVET) colleges during the Medium-Term Expenditure Framework (MTEF) cycle, Higher Education Minister Dr...
Jul 22, 2014
Rooibos tea samples
Rooibos tea has secured geographic indicator status in the long-awaited economic partnership agreement between southern African nations and the European Union, Trade and Industry Minister Rob Davies said on Monday. "It will be the rooibos tea manufacturers of South...
 
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