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Mar 11, 2015
Over half of South Africa's credit-active consumers are over-indebted, the South African Human Rights Commission (SAHRC) said on Wednesday. "Of 19 million credit-active consumers in South Africa, 50% had impaired credit records, three months plus in arrears," Western...
Mar 11, 2015
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on Wednesday. "But we are starting from a point of huge...
Mar 11, 2015
The South African Chamber of Commerce and Industry’s (Sacci’s) Trade Activity Index (TAI) pulled back into negative territory, at 48 points, in February, following a surprising rise to 59 points in January.
Mar 10, 2015
In its continued drive to close the critical skills gap within the metals and engineering sector, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has offered ten apprentice bursaries to upcoming artisans. The bursaries would allow ten...
Mar 10, 2015
Information technology (IT) company SAP South Africa plans to increase its broad-based black ownership to 30%, announcing on Tuesday that it will issue 19.5% of its shares to a broad-based black economic-empowerment (BBBEE) trust that will distribute dividends to...
Mar 10, 2015
Article contains comments
With more than one-billion global tourists, South Africa’s Department of Tourism on Tuesday launched a Tourism Incentive Programme (TIP) to ensure the country attracted the lion’s share of tourists. Speaking to delegates in Johannesburg, Tourism Minister Derek...
Mar 10, 2015
Article contains comments
Mar 10, 2015
South Africa’s Business Confidence Index (BCI), as measured by the Bureau for Economic Research (BER) and Rand Merchant Bank (RMB), slipped two index points to 49 in the first quarter of the year, revealing mixed perceptions of the current business environment by...
Mar 10, 2015
Mar 09, 2015
Mar 09, 2015
Mar 06, 2015
 
 
 
Mar 06, 2015
Creating circular economies is an alternative to a traditional linear economy that could assist government in boosting economic growth and in creating much needed jobs in line with the National Development Plan, says the Recycling and Economic Initiative of South...
Mar 06, 2015
LATERAL POTENTIAL High demands on production, quality and hygiene in the food industry necessitate efficient and well-managed systems
Students participating in the 2015 PneuDrive Challenge Engineering Design Competition will need to design “game changers” for the food and beverage industry, says drive engineering company SEW-Eurodrive. This year’s competition roadshows started at the end of last...
Mar 06, 2015
DEMAND FLUX The aggregate 20% increase in food consumption for 2050 is likely to comprise protein-based food products and foods with a higher oil and fat content
A significant nutritional transition is taking place in sub-Saharan Africa, with a marked increase in the region’s consumption of higher-value processed foods, says analysis firm B&M Analysts chairperson Professor Justin Barnes. The transition, which increases the...
Mar 05, 2015
Although the low oil price, security threats and political vulnerabilities remain worrying factors for Nigeria’s fiscal outlook, the International Monetary Fund (IMF) has commended the country’s authorities for making progress in promoting economic diversification,...
Mar 05, 2015
Cabinet has approved the five-year Agriculture, Forestry and Fisheries Strategic Framework, as well as the Agricultural Policy Action Plan (Apap).  The strategic framework and Apap would be updated yearly, Cabinet advised in a media statement on Wednesday. 
Mar 05, 2015
While agriculture is the most resilient sector of the South African ecnomy and, in light of prevailing production conditions, it is necessary for agriculture to be removed from political rhetoric, stressed grain farmers' association Grain SA chairperson Louw...
Mar 05, 2015
Cosatu general secretary Zwelinzima Vavi
Cosatu general secretary Zwelinzima Vavi is expected explain his conduct after he boycotted the trade union federation's central executive committee (CEC) meeting this week. "The meeting expressed deep concern against the general secretary of the federation who...
Mar 05, 2015
Finance Minister Nhanhla Nene has called for public comment on government’s proposal of a temporary reduction in employers and employees’ contributions to the Unemployment Insurance Fund (UIF). In his 2015 Budget Speech, the Minister proposed to reduce the...
Mar 05, 2015
Article contains comments
Minister in the Presidency Jeff Radebe
Hosting the 2022 Commonwealth Games could deliver a R20-billion boost to South Africa's economy, Minister in the Presidency Jeff Radebe said on Thursday. Briefing journalists at Parliament following Cabinet's fortnightly meeting on Wednesday, he noted that Durban had...
Mar 05, 2015
Unions on Wednesday rejected South African Local Government Association's (Salga) three-year wage increase proposal during the first round of negotiations for municipal workers. The Independent Municipal and Allied Trade Union (Imatu) and Congress of South African...
 
 
 
 
Mar 04, 2015
Article contains comments
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 03, 2015
Article contains comments
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
Article contains comments
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
Article contains comments
President Jacob Zuma
South Africa's economy remains racially structured, President Jacob Zuma said on Tuesday. Welcoming members of the second presidential black economic empowerment council at Tuynhuys, Cape Town, he told them they needed to tackle this historical legacy because it was...
Mar 03, 2015
Article contains comments
The failure of one in seven small and medium-sized enterprises (SMEs) within the first year of operation was not a result of a lack of access to funding, Absa South Africa head of business banking Happy Ralinala asserted on Tuesday. Access to market and relevant...
Mar 03, 2015
Article contains comments
Cooperative Governance and Traditional Affairs Minister Pravin Gordhan
One in three municipalities is dysfunctional, according to a study conducted nationwide, Cooperative Governance and Traditional Affairs Minister Pravin Gordhan has said. Gordhan said the Back to Basics Programme based this finding on four criteria, namely economic,...
Mar 03, 2015
High import and export volumes have contributed to the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) rising by 3.5 index points 92.8 in February, from 89.3 in January. Sacci noted that the increase was surprising, pointing...
Mar 03, 2015
Article contains comments
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
Article contains comments
Mar 02, 2015
Article contains comments
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
Article contains comments
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
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.
 
 
 
 
 
 
 
 
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