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Jun 02, 2015
George Casey
Updated 53 minutes ago A former US Army Chief of Staff, retired General George Casey, has teamed up with South African consulting company Letsema as well as Hilburg Associates to develop a new business analytical tool based on a risk-assessment concept first termed by the US Army War...
Jun 02, 2015
Updated 2 hours 44 minutes ago If President Jacob Zuma fails to implement the remedial action the Public Protector suggested in her report on his private home in Nkandla, the matter might be taken to court, Thuli Madonsela said on Monday. Speaking on The Justice Factor on eNCA, Madonsela...
Jun 02, 2015
Updated 2 hours 52 minutes ago Multinational companies deprive African governments of $11-billion in taxes each year, and G7 world leaders should set up a new global body to regulate corporate taxation, Oxfam International said on Monday. By shifting profits overseas to lower tax regimes,...
Jun 01, 2015
The Department of Public Works’ new proposed regulations under the Construction Industry Development Board (CIDB) Act 2000 could pave the way for a more affordable and efficient resolution of disputes over nonpayment of contractors and subcontractors in the building...
Jun 01, 2015
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) recovered by 5.4 index points in May, as several pressures eased from April. The recovery from the 11-month low of 45.4 in April to 50.8 index points in May lifted the index back above the neutral...
Jun 01, 2015
Pembani chairperson Phuthuma Nhleko
Shareholders of Pembani and empowerment group Shanduka have signed the transaction agreements and submitted the requisite regulatory filings related to the merger of the two companies to form a black-controlled natural resources and industrial group. The completion...
Jun 01, 2015
Article contains comments
The South African Chamber of Commerce and Industry (Sacci) believes South Africa’s advancement as a global tourist destination of choice will, from Monday, face disruption owing to the introduction of a new travel law that requires all children travelling to the...
Jun 01, 2015
Article contains comments
Public Protector Thuli Madonsela
Public Protector Thuli Madonsela will write to President Jacob Zuma to point out limitations in Police Minister Nathi Nhleko's Nkandla report, her office said on Friday. She said she stood by her own report and wanted to ensure that Zuma was "placed in a position to...
Jun 01, 2015
Jun 01, 2015
May 29, 2015
May 29, 2015
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May 29, 2015
Outgoing AfDB president Donald Kaberuka
Nigeria's Agriculture Minister Akinwumi Adesina won an election on Thursday to be the new president of the African Development Bank (AfDB), the lender said. After six rounds of voting that saw seven rivals from across the continent defeated, Adesina secured around...
May 29, 2015
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Revelations that two South Africans allegedly bribed Fifa with $10-million for the country to host the 2010 Soccer World Cup may have tarnished the country’s image, economist Mike Schussler said on Thursday. “The scandal has taken some of the shine off. If we’re seen...
May 29, 2015
While strongly welcoming the promulgation of the new Part 101 of South Africa’s civil aviation regulations, governing the commercial operation of civil remotely piloted aircraft (RPAs) in South Africa, the Commercial Unmanned Aircraft Association of Southern Africa...
May 29, 2015
PAUL SPEAR Training and development should be an integral and proportionate part of the long-term strategy of all companies, regardless of their size
Investment in South African youth through apprenticeships and learnerships will not only create direct benefits for businesses but will also contribute significantly to job creation and socioeconomic transformation in the country.
May 29, 2015
LIFTING EFFICIENCY The Mobicon container handler increases operational efficiency and reduces demurrage costs for trucks waiting to be loaded and unloaded
Freight management and logistics specialist Intermodal Connections, which was established a year ago, has expanded its fleet of container handling equipment to meet the growing demand in KwaZulu-Natal for swift, safe and reliable cargo handling. The company’s...
May 29, 2015
JULIUS KLEYNHANS South Africa has skilled and experienced engineers available to deal with the water situation
The Department of Water and Sanitation’s (DWS’s) announcement in February that it had signed a two-year contract with 35 water engineers from Cuba is a waste of taxpayers’ money and overlooks local expertise and talent, says civil rights group Afriforum. Afriforum...
May 29, 2015
MAGNITUDINAL POTENTIAL The planned Durban Dig-Out Port will be the largest infrastructure capital project in South Africa, notwithstanding the value and timeframe of current projects
KwaZulu-Natal’s infrastructure development outlook is brighter than South Africa realises it is, considering the current level of megaproject activity in the province, states professional services and advisory firm Deloitte. Moreover, South Africa needs these...
May 29, 2015
LOCAL GROWTH The South African paper business continued to progress with higher volumes, pricing and lower logistics and fixed costs
Pulp and paper producer Sappi has increased its net profit for the three months to March 31, by 75% to $56-million, compared with the profit of $32-million recorded in the March 2014 quarter.
May 29, 2015
HENK PRETORIUS Mobile phones and tablets are the next phase of digital banking, and the challenge is to get customers to use them and deliver good experience regardless of device used
South African Internet banking customers think all the major banks communicate poorly with them, which include system failures and scheduled downtimes, says Columinate CE Dr Henk Pretorius. The fourth annual Columinate Internet banking satisfaction survey found that...
May 29, 2015
NECESSARY EXPANSION The expansion of the Northern Aqueduct will alleviate water shortages and rationing
The construction of R250-million in urgently needed bulk water infrastructure in the northern part of the eThekwini region, in KwaZulu-Natal, is nearing completion, says municipal water and sanitation service eThekwini Water and Sanitation (EWS). Newly appointed EWS...
 
 
 
 
May 28, 2015
Outgoing AfDB president Donald Kaberuka
The African Development Bank's (AfDB) governors began voting on Thursday to elect a new president to guide the pan-African lender through the continent's increasingly complex financial environment. Eight candidates, including Nigeria's agriculture minister, Akinwumi...
May 28, 2015
Article contains comments
The Construction Industry Development Board (CIDB) would, within the next six weeks, form a task team to develop frameworks for encouraging local construction companies to enter Africa’s developing markets and to seek further growth through the possible establishment...
May 28, 2015
Article contains comments
Police Minister Nathi Nhleko says that the firepool‚ amphitheatre‚ kraal‚ chicken run and visitor's centre at the president's Nkandla home are all security features and Jacob Zuma is not liable for any costs associated with them. In summarising his 51-page...
May 28, 2015
Democratic Alliance leader Mmusi Maimane tweeted a photo of a page from the police minister's report on the upgrades at President Jacob Zuma's private home in Nkandla ahead of its release to the media later on Thursday. “This is at my desk now. Working through it...
May 28, 2015
Article contains comments
Norman Mbazima (left) and Andile Sangqu
Andile Sangqu, former Xstrata and current Impala Platinum executive and new VP of the Chamber of Mines of South Africa, has sprung to further prominence as the new executive head of Anglo American South Africa. Anglo American plc also announced on Thursday that...
May 28, 2015
Article contains comments
President Jacob Zuma with FIFA president Sepp Blatter
Allegations that South Africa promised a $10-million bribe to a former FIFA vice president to win its 2010 World Cup bid were unfounded, a South African Football Association (SAFA) spokesperson said on Wednesday. “We are disappointed at the allegations ... they are...
May 28, 2015
Article contains comments
Zwelinzema Vavi
The figures released by Statistics SA reveal a horror story of unbelievably bad news for workers and the South African economy, said Zwelinzema Vavi on Wednesday. “Now more than ever we need to declare that we have a national emergency. No country can survive such...
May 28, 2015
Johannesburg and Cape Town are showing improvement in the spheres of political engagement and human capital respectively, according to a global report. Partner at AT Kearney Johannesburg, Wim Plaizier, told Fin24 that the growth of political engagement in...
May 27, 2015
Article contains comments
IMD World Competitiveness Center director Arturo Bris
South Africa slipped one position, from 52 to 53, in the latest world competitiveness ranking, which highlighted power and infrastructure shortfalls, high youth unemployment, as well as inadequate education and technical skills availability as key challenges to the...
May 27, 2015
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May 27, 2015
Article contains comments
Agriprofessionals play a vital role in ensuring that the produce on shop shelves and delivered to outlets across the world, is of a high standard, helping to grow the agriculture sector and build a sustainable economic future, says Western Cape Minister of Economic...
May 27, 2015
Article contains comments
As the new requirement for unabridged birth certificates for all children travelling in South Africa comes into effect on June 1 2015, major international airlines say they’ve done all they can to inform those affected. However, Board of Airline Representatives of...
May 27, 2015
Imperial Holdings has entered into exclusive negotiations with Hollard Insurance and an unnamed associated party over the possible acquisition of Imperial’s interest in the Regent Insurance and Regent Life Assurance businesses, which hold long- and short-term...
May 27, 2015
Article contains comments
While global economic factors impacted South Africa’s weak growth prognosis, there were binding constraints coming from the electricity supply uncertainties, said Reserve Bank (Sarb) deputy governor Francois Groepe. On Tuesday, Stats SA said the country’s GDP...
May 27, 2015
Suggesting market-share gains by the retail group, Massmart CEO Guy Hayward reported on Wednesday that the company had managed to grow its sales by 9.5% in the first 20 weeks of this year, despite “intense” competition in the retail sector. Comparable sales grew 7.4%...
May 27, 2015
Article contains comments
Deputy President Cyril Ramaphosa
State-owned enterprises (SOEs) have the potential to stimulate “reindustrialisation and radical economic transformation”, Deputy President Cyril Ramaphosa said during the Presidency’s budget vote debate on Tuesday. Ramaphosa said it made sense for the efforts of SOEs...
May 26, 2015
Economic bilateral relations between South Africa and Peru will receive a shot on the arm when businesspeople from the two countries gather in Lima, Peru, to launch the South Africa–Peru Chamber of Commerce (Sapcham) on Wednesday. The chamber aimed to increase trade...
May 26, 2015
Article contains comments
Trade union Solidarity on Tuesday lambasted government for importing foreign skills in the form of 48 Cuban engineers, instead of appointing South African engineers, calling it a “disgrace”. The first of 48 Cuban engineers, appointed to improve service delivery in...
May 26, 2015
May 26, 2015
On the back of an “extremely positive” 12 months to February 28, diversified workforce management and business process outsourcing company Adcorp increased its headline earnings a share by 58% to 298.5c, benefitting from the first full-year inclusion of Labour...
 
 
 
 
May 26, 2015
South Africa's unemployment rate rose to 26.4% of the labour force in the first quarter of 2015 from 24.3% in the fourth quarter of last year, data showed on Tuesday. In its quarterly labour force survey, which polls households, Statistics South Africa said this...
May 26, 2015
South Africa’s gross domestic product (GDP) growth has slowed from 4.1% in the last quarter of 2014 to 1.3% in the first quarter of this year, weighed down by a contracting manufacturing sector, Statistics South Africa (StatsSA) revealed in its quarterly GDP update...
May 26, 2015
The country's biggest local government budget of R52.6-billion was tabled on Tuesday by the City of Johannesburg’s member of the Mayoral Committee for Finance‚ Geoffrey Makhubo‚ with a focus on capital expenditure‚ housing and youth employment. Makhubo presented his...
May 26, 2015
Reserve Bank deputy governor Kuben Naidoo
There's a high likelihood that South Africa's central bank will increase interest rates at its next few meetings, one of its deputy governors said on Tuesday. The South African Reserve Bank (SARB) left interest rates unchanged as expected last Thursday but signalled...
May 25, 2015
With Africa’s population set to triple by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, the African Economic Outlook 2015 report highlights. Compiled by the African Development Bank...
 
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