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Jul 17, 2014
The National Union of Mineworkers (NUM) will hold a National Eskom Shop Stewards Council meeting on Friday to deliver feedback on the union’s Commission for Conciliation, Mediation and Arbitration (CCMA) dispute with the power producer as well as to discuss its...
Jul 17, 2014
National Treasury has called for public comment on new draft tax amendment Bills, giving effect to proposals announced in the 2014 Budget. Stakeholders would have until August 17 to table their views on the 2014 draft Taxation Laws Amendment Bill (TLAB), the 2014...
Jul 17, 2014
Article contains comments
Finance Minister Nhlanhla Nene
South Africa’s Finance Minister Nhlanhla Nene is optimistic that the first commitment by the ‘New Development Bank’, which was officially approved for establishment by the governments of Brazil, Russia, India, China and South Africa at the sixth Brics Summit in...
Jul 17, 2014
Launching the Step Up 2: A Start Up entrepreneurship programme in Johannesburg, on Wednesday night, Department of Trade and Industry (DTI) director-general Lionel October challenged South Africa to “up the game” in growing entrepreneurship. He noted that the...
Jul 17, 2014
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China cannot be concerned about only itself and must join a development bank being created by emerging market nations as its economy is intertwined with that of the world, the Chinese central bank said on Thursday. In a short defence of why China will invest...
Jul 16, 2014
Tourism Minister Derek Hanekom
Bold new initiatives are needed to further grow the number of visitors to South Africa, Tourism Minister Derek Hanekom said on Wednesday. Opening debate in Parliament on his department's budget, he cautioned that the spectacular growth seen in the sector over the...
Jul 16, 2014
Public Works Minister Thembelani Nxesi
The establishment of the Governance Risk and Compliance (RGC) unit to drive the compliance, anti-fraud and corruption campaign is a milestone for the Department of Public Works. On Wednesday, Public Works Minister Thembelani Nxesi told the National Assembly during...
Jul 16, 2014
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Public Enterprises Minister Lynne Brown
Public Enterprises Minister Lynne Brown has reiterated that critical talks are under way within government to address Eskom’s financial problems, adding that the issue is being addressed “not as an Eskom problem but as a national priority”. Addressing lawmakers...
Jul 16, 2014
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Jul 16, 2014
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Jul 16, 2014
Jul 15, 2014
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Jul 15, 2014
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The Steel and Engineering Industries Federation of Southern Africa (Seifsa) would not get back to the National Union of Metalworkers of South Africa (Numsa) with a new wage offer, as the organisation has exhausted its mandate, CEO Kaizer Nyatsumba asserted on...
Jul 14, 2014
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Jul 14, 2014
The Davis Tax Committee (DTC) on Monday published a revised small and medium-sized enterprise (SME) interim report for public comment. The report outlines the role of SMEs in the economy, the definition of a small business and the challenges smaller businesses face,...
Jul 14, 2014
As the National Union of Mineworkers of South Africa-led metal and engineering sector strike continues, vehicle manufacturers have started halting production at some plants as car component supply is interrupted. Toyota, which maintained full production for the first...
Jul 11, 2014
The National Union of Metalworkers of South Africa (Numsa) denied on Friday that it had rejected the latest offer from employers in the metal and engineering sector. "We are still consulting. By end of business today we will be in a position to tell whether the offer...
Jul 11, 2014
The domicile of the soon-to-launched Brazil, Russia, India, China and South Africa (Brics) development bank would be decided at the sixth Brics Summit to be held in Brazil from July 15 to 16. South Africa, which would hand over the chairmanship of the economic bloc...
Jul 11, 2014
The National Employers’ Association of South Africa (Neasa) continues to criticise employer body, the Steel and Engineering Industries Federation of South Africa (Seifsa), during the latest round of industry wage negotiations, now accusing the organisation of...
Jul 11, 2014
Jul 11, 2014
Gas will be a springboard for a low-carbon economy, as it will deter new investment in coal and complement renewable-energy resources, believes Johannesburg-based consulting firm MAC Consulting associate director Dave Collins.
Jul 11, 2014
Many African economies’ current reliance on raw commodity exports for growth makes Africa susceptible to global price movement; however, growing the manufacturing sectors on the continent has the potential to promote economic and inclusive growth in African countries.
 
 
 
 
Jul 11, 2014
The Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) advocates artisan training, coupled with workplace experience, as a way of developing technical skills that are in demand, which will create high-quality jobs and...
Jul 11, 2014
Using home languages in primary education will improve education in South Africa and Africa, but government policies on home language education lack substance to stimulate use and development of these languages, say various international and local experts. Primary...
Jul 11, 2014
South African franchise brands contribute substantially to the local economy and are penetrating into the rest of Africa.
Jul 11, 2014
Financial services firm Barclays Africa local subsidiary Absa provided a R8.2-million loan and South African retail giant Massmart provided a 10 000 t-a-year offtake agreement that enabled a new maize miller to enter the South African market. The new miller, Lethabo...
Jul 11, 2014
The burning desire to change Africa for the better and produce goods and services on par with developed countries is a key driver of innovation in Africa, but more support is needed to enable entrepreneurs to develop their ideas into products, says smartphone...
Jul 10, 2014
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The current obsession with attacking wealth and capital is ignoring the tremendous achievements made since the 1980s in reducing global poverty, the Free Market Foundation (FMF) said on Thursday, adding that it was more important to focus on equal opportunity than on...
Jul 10, 2014
South Africa's rand traded a touch softer against the dollar on Thursday, ahead of mining and manufacturing output data likely to illustrate the adverse impact of wage strikes on the economy. However, the currency's losses might be tempered by broad-based dollar...
Jul 10, 2014
Nairobi, Kenya
The International Monetary Fund (IMF) said on Wednesday that lending to Kenya's manufacturing sector was picking up, supporting expectations of robust economic growth. Economic expansion in the East African nation slowed to 4.1% in the first quarter of this year from...
Jul 09, 2014
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Government says the formation of the Special Investigating Unit last year to eradicate corruption has begun yielding results, the most recent of which being the dismissal of 70 police officers for corruption, attempted murder, armed robbery, defeating the ends of...
Jul 09, 2014
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DA parliamentary leader Mmusi Maimane
There are three bills awaiting signature on President Jacob Zuma's desk which, if passed, will kill more jobs, Democratic Alliance (DA) parliamentary leader Mmusi Maimane warned on Wednesday. "These are pieces of legislation that will be quite harmful to job...
 
 
 
 
Jul 09, 2014
South Africa avoided a technical recession, but sporadic economic growth was not enough to shake off economic stagnation, according to BankservAfrica's Economic Transaction Index (Beti) released on Wednesday. The Beti showed the economy recovered a little in June...
Jul 09, 2014
International Relations Minister Maite Nkoana-Mashabane
South Africa joined the Brics forum to seek closer co-operation with member states, not to compete, International Relations Minister Maite Nkoana-Mashabane said on Tuesday. "This division of the developing and the developed, where we talk of competition of the...
Jul 08, 2014
The proposed Brazil, Russia, India, China and South Africa (Brics) development bank was likely to be launched at the sixth yearly Brics Summit to be held in Brazil next week, although it would not be operational immediately, South African Institute of International...
Jul 08, 2014
Business confidence remained subdued in June as “further adverse economic developments” resulted in the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) remaining below 90 index points for a second month. The June BCI improved...
Jul 07, 2014
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Lindiwe Zulu
The establishment of cooperatives prevent social exclusion and directly and indirectly economically empower one-billion people worldwide, Small Business Development Minister Lindiwe Zulu said. The top 300 cooperative enterprises, operating in some of the most...
Jul 07, 2014
The Metal and Engineering Industries Bargaining Council (MEIBC) on Monday said it was confident of a resolution to the ongoing metals and engineering strike as the parties to the negotiations display a “sense of urgency and purpose”. The council said it was working...
Jul 04, 2014
National Treasury, the South African Reserve Bank and the Financial Services Board (FSB) on Friday called for public comment on the proposed regulations for unlisted over-the-counter (OTC) derivatives, mooted to ensure South Africa met its G20 obligations. These...
Jul 04, 2014
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Home Affairs Minister Malusi Gigaba
Discussion on the new immigration regulations will continue and problems will be tested to prevent negative impacts on the economy, Home Affairs Minister Malusi Gigaba said on Friday. "Our doors are not closed. We are open to further engagement on the consequences....
Jul 04, 2014
Jul 04, 2014
 
 
 
 
Jul 04, 2014
India’s largest delegation yet has participated in this year’s Southern African International Trade Exhibition (Saitex), which took place from 22 June to 24 June in Midrand, Johannesburg, to further grow bilateral trade between India and South Africa.
Jul 04, 2014
Jul 03, 2014
African countries should be targeting minimum investment levels of 25% of gross domestic product to sustain economic growth and to improve prospects for job creation and poverty reduction. But a new United Nations Conference on Trade and Development (Unctad) report...
Jul 03, 2014
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President Jacob Zuma
President Jacob Zuma has appointed several inter-ministerial committees (IMCs), his office said on Thursday. "The IMCs are appointed by the president (and in certain instances by Cabinet) to serve a very specific purpose that is deemed to require the dedicated...
Jul 03, 2014
Article contains comments
A new small, medium-sized and microenterprises (SMME) incubator, set to be launched in Diepsloot, in Johannesburg, within the next few months, will set the bar for the Gauteng provincial government as it revitalises South Africa’s township economies. The Gauteng...
 
 
 
 
 
 
 
 
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