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Mar 04, 2015
South Africa’s State-owned railways utility Transnet Freight Rail (TFR) says it remains confident of concluding take-or-pay contracts with 36 coal-line customers before the end of its financial year, which concludes on March 31. Spokesperson Sandile Simelane tells...
Mar 04, 2015
Business activity in South Africa's private sector stabilised in February after shrinking for two months, a survey showed on Wednesday, with falling fuel prices offering companies some respite. South Africa's HSBC Purchasing Managers' Index (PMI) inched up to 50 in...
Mar 04, 2015
South Africa's rand recouped some of the previous day's sharp losses on Wednesday, but remained on shaky ground after Fitch ratings agency warned of a possible credit downgrade this year. At 0714 GMT the local unit was trading at 11.7600 to the dollar, from Tuesday's...
Mar 04, 2015
South Africa's central bank will keep interest rates unchanged in the short term as it lowered its inflation outlook but will monitor European and US economic events closely, deputy governor Daniel Mminele said on Tuesday. "The more benign projected inflation path......
Mar 03, 2015
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As Proudly South Africa (SA) moves to encourage local procurement to bolster small and medium-sized enterprises (SMEs), the newly established Department of Small Business Development (DSBD) aims to boost these enterprises’ contribution to gross domestic product (GDP)...
Mar 03, 2015
There was enough scope in South Africa to make local procurement of goods and services feasible, Shanduka Black Umbrellas COO Seapei Mafoyane said during the Proudly South Africa Buy Local Summit and Expo, in Sandton, on Tuesday. South Africa’s private and public...
Mar 03, 2015
The Development Bank of Southern Africa (DBSA), through its Infrastructure Delivery division, has signed memorandums of agreement with the South African Federation of Civil Engineering Contractors (Safcec) and the Black Business Council Built Environment (BBCBE) to...
Mar 03, 2015
Finance MEC Barbara Creecy
The Gauteng government has set aside R10-billion of its R95.3-billion 2015/16 budget to fund its five development corridors, which are being pursued across the so-called ‘City Region’. Gauteng, which is South Africa’s smallest province by area, is also the country...
Mar 03, 2015
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Mar 03, 2015
Article contains comments
Mar 03, 2015
Article contains comments
Mar 03, 2015
 
 
 
Mar 03, 2015
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Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene has acknowledged that South Africa requires “much higher levels of economic growth” to address unemployment and poverty. He also stresses that any economic expansion would need to be supported by the accelerated implementation of the...
Mar 02, 2015
South Africa could see food shortages in the next ten years as the country’s commercial farmers, with an average age of 62, start to retire and the new crop of farmers entering the sector are unable to fill the void, placing considerable pressure on the nation’s...
Mar 02, 2015
CEO Brian Joffe
International investment holding company Bidvest has lifted headline earnings a share by 5.2% to 886.3c for the six months ended December 31, helped by an “excellent” contribution from the group’s Foodservice business and positive currency effects. Bidvest CEO Brian...
Mar 02, 2015
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Mar 02, 2015
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DA MP Ian Ollis
The Democratic Alliance (DA) on Sunday demanded answers over the apparent inaction of Labour Minister Mildred Oliphant following a forensic audit report detailing alleged corruption by two former Nedlac executives. One of the implicated men, former National Economic...
Mar 02, 2015
Eight affiliates of the Congress of South African Trade Unions (Cosatu) have pledged not to participate in the federation's meetings until the National Union of Metalworkers of South Africa (Numsa) is reinstated. The national office bearers (NOBs) of the eight...
Feb 27, 2015
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Finance Minister Nhlanhla Nene
While the new tax introductions and hiked levies outlined in Finance Minister Nhlanhla Nene’s inaugural budget speech this week were likely to hit consumers hard, it was deemed the most efficient option for government to narrow its fiscal gap without hurting South...
Feb 27, 2015
African entrepreneurs under the age of 22 have until April 15 to submit applications for the fifth Anzisha Prize, which aims to identify Africa’s most exciting young social and business entrepreneurs.
Feb 27, 2015
Foreign direct investment in South Africa this year is likely to scale down as a result of dampened investment appetite, exacerbated by a lack of policy certainty, South African-Germany Chamber of Commerce (SAGCC) CE Matthias Boddenberg told Engineering News Online....
Feb 27, 2015
In the marble atrium of the Mammy Yoko hotel in Freetown, manager Nuno Neves has spotted something he has not seen since the Ebola virus struck Sierra Leone nine months ago: foreign businessmen. The Radisson Blu chain opened the four-star hotel in April to cater for...
 
 
 
 
Feb 27, 2015
The US and five East African countries pledged on Thursday to ease trade flows and set the stage for more US investment, a program that could be extended to other parts of Africa. The agreement commits Tanzania, Kenya, Uganda, Rwanda and Burundi to cooperate with the...
Feb 27, 2015
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
Feb 27, 2015
Feb 27, 2015
NDABE NTSELE The Black Business Council (BBC) is excited to be part of the Empowertec Africa expo as the conference dovetails with the BBC’s focus on promoting the incubation of small businesses
This year marks the first time that black business advocacy organisation the Black Business Council (BBC) will participate in Empowertec Africa – a  biennial expo that showcases small business opportunities in Africa. BBC president Ndabe Ntsele says the council’s...
Feb 27, 2015
BUSINESS SUPPORT The South African Breweries’ business support model is designed to build and strengthen the capabilities of small and medium-sized enterprises to become sustainable entities with the ability to create jobs and wealth
Brewing and bottling giant South African Breweries (SAB) will announce this year’s finalist in the SAB KickStart programme – a youth entrepreneurship programme aimed at providing fledgling business owners with business training and mentorship – on 27 March. The...
Feb 27, 2015
TERENCE GREGORY Ecsponent’s bridging financing and support render companies more sustainable
Bridging finance plays an important role in creating sustainable businesses and the greatest challenge small and medium-sized enterprises (SMEs) face is a lack of technical acumen to complete a transaction, says JSE-listed private equity and financial services group...
Feb 27, 2015
OFF-SHORE GAS The CCCI is encouraging industrial clients to incorporate liquid natural gas infrastructure for industrial-scale power generation in the Western Cape
Industrial forum the Cape Chamber of Commerce and Industry (CCCI) is working closely with provincial and city representatives to incorporate liquid natural gas (LNG) infrastructure for industrial-scale power generation in the Western Cape.
Feb 27, 2015
EDWARD CARBUTT Overarching strategy can be effectively achieved by breaking objectives into measurable KPIs
Municipalities have the necessary processes, policies and protocols available to deliver services effectively, but struggle to execute complex projects involving many organisations and stakeholders.
Feb 27, 2015
EMPOWERED SMALL BUSINESSES CDC senior BEE analyst Nolubabalo Pandle, ASAHJ Monti Projects' Xoliswa Tofi, Sidibanisa Techonolgies’ Anele Ganca, CDC SMEE unit head Andile Ntloko, and Sbongukhanyo Limited’s Phumeza Ceshemba
The Coega Development Corporation (CDC) handed out 200 certificates in the Eastern Cape and 300 certificates in KwaZulu-Natal in November 2014 to medium-sized and microenterprises (SMMEs) that had successfully completed the development agency’s Black Economic...
Feb 27, 2015
BEST PRACTICE Progressive companies are leading the way in a multicultural marketplace by infusing supplier diversity into their main business processes
South African companies should diversify their supplier base to effectively explore new markets and achieve the flexibility required to survive challenging and ever-changing business operating environments, says sustainable supplier diversity promoter the South...
 
 
 
 
Feb 27, 2015
JSE-listed Evraz Highveld Steel & Vanadium achieved across-the-board production improvements in the fourth quarter ended December 31, citing improved efficiencies, ore quality and raw product availability. The company lifted the quarter-on-quarter production of hot...
Feb 27, 2015
Besides its mandate to mitigate pollution and harm to the environment, the emerging trend of going green also provides an opportunity for the creation of small businesses in South Africa, says paper and plastic packaging and recycling company Mpact Recycling.
Feb 27, 2015
BOTTLING FOR EXPORT The Johannesburg Chamber of Commerce and Industry’s export incubator was launched in October to assist black South African entrepreneurs in selling their products in foreign markets
In addition to the export incubator it initiated in October last year, to be formally launched later this year as part of its 125 years celebration, business promotion organisation the Johannesburg Chamber of Commerce and Industry (JCCI) will also launch a Small and...
Feb 27, 2015
EASING THE PROCESS The importance of registering a business with ease will never diminish in South Africa, as the country is always on a drive to boost entrepreneurship
Retail bank First National Bank (FNB) has noted a substantial number of newly registered businesses since the launch of the online business registration initiative collaboration, which it established in 2013 in partnership with the Companies and Intellectual Property...
Feb 27, 2015
Earlier this month, global assurance, tax and advisory services group PwC published The World in 2050: Will the Shift in Global Economic Power Continue? From an African point of view, the most striking thing was the prediction that, by 2050, Nigeria would be one of...
Feb 27, 2015
SPOTLIGHT ON CYCLING Western Cape Economic Opportunities Minister Alan Winde last year launched the 20 km !Khwa ttu mountain bike route to support growth and jobs in the area and attract additional visitors to South Africa’s West Coast
The tourism industry will remain the Western Cape’s prominent economic growth driver, with the emergence of cycling tourism set to bring additional revenue this year, as the province aims to boost its attractiveness as a cycling hotspot in South Africa.
Feb 26, 2015
Article contains comments
Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene says the process of selling off non-core state assets is at an advanced stage and that he cannot comment on the matter due to the market sensitivity. Briefing the Select Committee on Finance and Appropriations in Parliament on Thursday,...
Feb 26, 2015
Feb 26, 2015
The National Development Plan (NDP) will be the highlight of the first breakaway session of the inaugural Southern African Metals and Engineering Indaba, which will be held, in Johannesburg, on May 28 and 29.
Feb 26, 2015
Seifsa chief economist Henk Langenhoven
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried that some of the tax increases announced by Finance Minister Nhlanhla Nene in his budget speech on Wednesday, will negatively impact on the productive sectors of the South African...
 
 
 
 
Feb 26, 2015
The Agriculture Business Chamber (Agbiz) has welcomed the identified prioritisation of agriculture, following the 2015 Budget Speech by Finance Minister Nhlanhla Nene on Wednesday, but notes that his speech was “vague on what is meant by its support of agriculture”....
Feb 26, 2015
The Chamber of Mines (CoM) has lauded Finance Minister Nhlanhla Nene’s budget speech on Wednesday, stating that it prioritised the Mining Phakisa Lab, aimed at healthier cooperation between government and the mining industry to resolve constraints and hurdles that...
Feb 26, 2015
Development financier, the Eastern Cape Development Corporation (ECDC), has committed R850 000 towards a pilot project by Port Elizabeth-based Equipt Consulting to produce apparel from Angora rabbit fibre. During the pilot phase, 100 rabbits would be bred and...
Feb 25, 2015
Finance Minister Nhlanhla Nene's 2015/16 budget struck a balance between spending, tax, and cutting waste, an economist said on Wednesday. "Finance Minister Nene appears to have struck the right balance in trying to control government spending, reduce wastage and...
Feb 25, 2015
Freedom Front Plus leader Pieter Mulder
Finance Minister Nhlanhla Nene should have looked at cutting corruption instead of raising personal income tax, opposition parties said in Parliament on Wednesday. Speaking shortly after Nene delivered his first main budget, for 2015/16, African Christian Democratic...
 
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