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Feb 12, 2016
Former Cosatu general secretary Zwelinzima Vavi
President Jacob Zuma’s State of the Nation Address (Sona) showed a breakdown of trust between government and the population of South Africa, according to former Congress of South Africa Trade Union (Cosatu) general secretary Zwelinzima Vavi “Yesterday’s Sona address...
Feb 12, 2016
Atterbury Property Developments director Coenie Bezuidenhout
Atterbury Property Developments is developing a R850-million, 103 000 m2 industrial and business park at the intersection of the N3 highway and Rand Airport road, next to the Elandsfontein interchange. Atterbury designed the park on a site it acquired in Gosforth...
Feb 12, 2016
Jacob Zuma
President Jacob Zuma has said a greater investment in the country’s infrastructure would assist it during tough economic times. Zuma was speaking at the post State of the Nation discussion at the The New Age Business brief held outside Cape Town.
Feb 12, 2016
South Africa's rand weakened on Friday after President Jacob Zuma's state-of-the-nation address that analysts and economists said did not deal with concerns raised by rating agencies. By 0645 GMT the rand had slipped 0.7% to 15.9100 per dollar, pushed lower by the...
Feb 12, 2016
Trade and Industry Minister Dr Rob Davies
South Africa President Jacob Zuma’s State of the Nation Address would be welcomed by investors, the country’s Trade and Industry Minister Dr Rob Davies said on Thursday night. Additionally, Davies predicted that Sona would impact positively on the department’s...
Feb 12, 2016
South Africa’s representative at the Brics New Development Bank, Vice President Leslie Maasdorp, said emphasis on the National Development Plan was the highlight of the State of the Nation Address on Thursday. “What the president did tonight – despite the disruptions...
Feb 12, 2016
Jacob Zuma
South Africa will not reach its growth target of 5% per year, President Jacob Zuma said in his State of the Nation Address. The National Development Plan stipulates that South Africa’s economy needs to grow by at least 5% annually to make a meaningful dent in...
Feb 12, 2016
President Jacob Zuma
President Jacob Zuma’s State of the Nation speech was filled with old ideas, according to Nomura emerging markets economist Peter Attard Montalto on Thursday. The removal of two centres of government has been considered since 1994, but never happened, said Montalto.
Feb 12, 2016
Feb 12, 2016
Feb 12, 2016
Feb 12, 2016
 
 
 
Feb 12, 2016
CONSTRUCTION IN AFRICAInyatsi Construction is seeing growth in its sub-Saharan Africa market
Owing to the decline in mining activity because of the global economic downturn, which has also affected the construction industry negatively, Swaziland-based construction group Inyatsi Construction chairperson Frans Pienaar states that business in housing...
Feb 11, 2016
Article contains comments
President Jacob Zuma
President Jacob Zuma unveiled the skeleton of what he described as an economic “turnaround plan” in a State of the Nation Address dominated by the current plight of the South African economy, which was unlikely to grow by more than 1% in 2016 and would not nearly...
Feb 11, 2016
JSE-listed ceramic tiles manufacturer Italtile has reported a systemwide turnover increase of 13% to R3.08-billion, while same-store revenue improved by 11% in its financial overview of the six months ended December 31, 2015. During the period, six new TopT stores...
Feb 11, 2016
South Africa’s current strained trade conditions “closely resembled” the conditions experienced post the financial recession in 2007/8, the South African Chamber of Commerce and Industry’s (Sacci’s) latest survey found. The January edition of the Trade Conditions...
Feb 11, 2016
President Jacob Zuma
The rand weakened slightly to R15.92 at 09:55 ahead of President Jacob Zuma’s State of the Nation speech on Thursday, which will be watched closely by local investors hoping for a sign that the country can stave off a credit rating downgrade to “junk status”. “While...
Feb 11, 2016
Feb 11, 2016
Feb 10, 2016
President Jacob Zuma
Addressing economic concerns and unveiling the policy imperatives of government should be a top priority for this year’s State of the Nation Address (Sona), the South African Chamber of Commerce and Industry (Sacci) said in a statement on Wednesday. Speaking ahead of...
Feb 10, 2016
With confirmation that government and the steel industry are close to finalising a package of measures designed to preserve the future of the embattled primary steel sector, there are concerns that domestic steel consuming industries could be squeezed between...
Feb 10, 2016
Economist Mike Schüssler on Wednesday questioned the postponement of the release of the Quarterly Labour Force Survey (QLFS) until the day after National Budget. The release of the fourth quarter 2015 QLFS was scheduled for Monday, already a week later than usual....
 
 
 
 
Feb 09, 2016
Article contains comments
While international companies are keen to invest in South Africa, they are unable to meet the conditions of employment that have been extended to non-parties, forming part of a myriad of reasons why the the Free Market Foundation (FMF) is challenging the current...
Feb 09, 2016
Article contains comments
Business and government have to start working together more to promote investment, President Jacob Zuma said on Tuesday. Addressing CEOs and business leaders in Cape Town, he said the country had a lot of positive attributes, but that the short-term economic outlook...
Feb 09, 2016
Article contains comments
Standard Bank economist Goolam Ballim
Standard Bank economist Goolam Ballim estimates that Finance Minister Pravin Gordhan has a yearly funding gap of between R30-billion and R50-billion to close through a combination of expenditure cuts and tax hikes in his upcoming Budget in order to stave off a...
Feb 09, 2016
Mining needs to be reinvented as a mutually transformative win-win for countries and companies to put an end to the resource curse, which has destroyed the collective creativity of resource-rich economies, causing them to fall behind their resource-poor counterparts,...
Feb 08, 2016
Despite a number of African countries being buffeted by falling commodity prices and fluctuating currencies in 2015, the latest Nielsen Consumer Confidence Index results have provided relatively stable overviews of East, West and South Africa, with Nigeria positioned...
Feb 08, 2016
Seifsa CEO Kaizer Nyatsumba
The metals and engineering sector, which has been underperforming in recent years, will come under microscopic scrutiny when stakeholders from business, labour and government meet at the second Southern African Metals and Engineering Indaba in May. Former Deputy...
Feb 08, 2016
Article contains comments
Feb 08, 2016
Article contains comments
Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani expected 2016 to be the most challenging year for the mining industry, stressing in a copy of a speech delivered at the Investing in Africa Mining Indaba, in Cape Town, on Monday, that things could get worse before getting better. He...
Feb 08, 2016
The National African Federated Chamber of Commerce and Industry (Nafcoc) said it was “deeply concerned” by rising food costs and has moved to save its members from the negative impact, which has seen poor communities restrict their purchases. “The worst hit section...
Feb 08, 2016
Finance Minister Nhlanhla Nene
Will Nhlanhla Nene head up the Africa regional centre of the Brazil, Russia, India, China and SA (Brics) nations' new Development Bank? Economist Dawie Roodt doesn't think so. He suspects that Nene will land a cushy directorship within the private sector. News24...
 
 
 
 
Feb 08, 2016
Government is looking at ways to resolve the stalemate on the controversial new pension fund legislation, the presidency said on Sunday. Minister in Presidency for Planning, Monitoring, and Evaluation Jeff Radebe met the leadership of the Congress of South African...
Feb 08, 2016
Deputy President Cyril Ramaphosa
Government is certain it will reach agreement with the Congress of South African Trade Unions (Cosatu) on the minimum wage and other issues, Deputy President Cyril Ramaphosa said on Sunday. He was addressing hundreds of African National Congress supporters at the old...
Feb 05, 2016
The Health Market Inquiry (HMI) hearings into the private healthcare sector  will get under way on February 16 at the Council for Scientific and Industrial Research (CSIR) International Convention Centre, in Pretoria. In addition to private healthcare consumers,...
Feb 05, 2016
Article contains comments
Eskom CEO Brian Molefe
As public hearings continued into State-owned power utility Eskom’s request for higher electricity tariffs, CEO Brian Molefe on Friday conceded that a spike in prices would impact the entire economy. Eskom had applied for a 16% hike to recover the billions of rands...
Feb 05, 2016
Minister in the Preside Jeff Radebe
President Jacob Zuma has tasked Minister in the Presidency Jeff Radebe to assist the National Treasury and the Congress of South African Trade Unions (Cosatu) in their discussions relating to the Tax Administration Amendment Act. Cosatu and other unions were opposed...
Feb 05, 2016
SUE JANSE VAN VUUREN corporate risk manger at Air Products South Africa
Gas products supplier Air Products South Africa has, over a number of years, developed a formal occupational health and safety (OHS) programme, which has proven effective, and has gained recognition in the health and safety industry. The safety programme involves not...
Feb 05, 2016
REACHING OUT TO BUSINESSES Industrial Energy Efficiency phase 2 will be introducing a funding mechanism for businesses that require financing for the energy efficiency projects
Resource efficiency programme the National Cleaner Production Centre, South Africa (NCPC-SA) will launch Phase 2 of its Industrial Energy Efficiency (IEE) project, at the Energy Services (Esco) Conference, which takes place on February 17, day two of the 2016 Africa...
Feb 05, 2016
South Africa holds “a special place” in Africa because it has a stock exchange with an $800-billion market capitalisation, says Goldman Sachs International South African office and sub-Saharan Africa investment banking division head Colin Coleman. He says South...
Feb 05, 2016
ENERGY POVERTY Sustainable Energy Africa enables municipalities to implement sustainable energy strategies
Local governments, as key decision-makers in urban development and planning, need to be more involved in the development of a sustainable energy sector, says research organisation Sustainable Energy Africa (SEA) director Mark Borchers.
Feb 05, 2016
UP AND DOWN Dunham-Bush’s business suffered in South Africa as a result of sharp currency exchange rate fluctuations
Following its business taking a knock in South Africa as a result of the weak rand last year, Malaysia-headquartered cooling solutions company Dunham-Bush (DB) plans to grow from strength to strength this year. “There is no doubt that 2016 will bring even more...
 
 
 
 
Feb 05, 2016
TECHNOLOGICALLY ADVANCED The AquaEdge 23XRV chiller makes use of a non-ozone-depleting refrigerant and next-generation screw compressor technology
The installation of a 6 MW cooling plant by heating and air-conditioning solutions provider Carrier is due for completion in 2017. The cooling plant will provide cooling and heating solutions to the mixed-use sustainable district project at the V&A Waterfront’s Silo...
Feb 05, 2016
Health and safety training company NOSA is set to roll out two new health and safety courses launched at the end of last year. NOSA marketing, commercial and social media editor Nadia Pisanti says NOSA’s 34 training facilities across South Africa are indicative of...
Feb 05, 2016
The failure to adhere  to the Occupational Health and Safety (OHS) Act’s obligation for employees to maintain safe environments without health risks may result in devastating economic and human costs, says the Department of Labour (DoL). To address this issue, DoL...
Feb 05, 2016
The Acting CEO of South Africa’s State-owned defence industrial group Denel, Zwelakhe Ntshepe, is “delighted” at his company’s role in helping prepare young South Africans to participate in the Fourth Industrial Revolution. He was speaking at the group’s recent...
Feb 05, 2016
UP ON THE ROOF Aurora Power Solutions is involved in implementing solar photovoltaic roof systems for private entities in Cape Town
Renewable-energy project management company Aurora Power Solutions (APS) is involved in the development of two solar photovoltaic (PV) projects, which are scheduled for commercial operation in the first half of 2017, says APS project development manager Oliver...
 
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