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Dec 11, 2014
Article contains comments
National Treasury said on Thursday that government was aware of the risks to the South African economy and to economic growth that were highlighted by an International Monetary Fund (IMF) report this week, and agreed that structural reforms were necessary to raise...
Dec 11, 2014
Companies should engage in the training of young people through offering apprenticeships for economic reasons and not only because they felt obliged to serve their country, says Swiss Coordination Centre for Research and Education director Professor Stefan Wolter....
Dec 11, 2014
Cameroon President Paul Biya
Cameroon will spend an extra $1.75-billion over three years to boost economic growth, the government said after the first cabinet meeting presided over by President Paul Biya in two years. The Central African region's largest economy - an oil and cocoa producer - had...
Dec 11, 2014
Article contains comments
The International Monetary Fund (IMF), which expects the South African economy to grow by only 2.1% in 2015, warns that even this “lackluster” outlook carries considerable downside risks, with the country’s high current account deficit “reflecting persistent...
Dec 10, 2014
Municipalities spent only 19.8%, or R66.7-billion, of the total adopted budget of R336.8-billion in the first three months of the municipal financial year ending June 30, 2015, while aggregate billing and other revenue over the period amounted to R80.7-billion – some...
Dec 10, 2014
While several municipalities have improved their financial status over the past year, 86 of South Africa’s 278 municipalities were financially distressed as at June 30. National Treasury’s latest report on local government’s finances, released this week, showed this...
Dec 10, 2014
In a bid to assist in the development of engineering skills in South Africa, engineering consulting firm WSP Africa has entered into a sponsorship agreement with Engineers Without Borders (EWB), an on-campus organisation that provides student engineers with the...
Dec 10, 2014
Jérôme Hügli
Balance was the key to a working education system, as both practically or vocationally trained workers and those with academic qualifications were needed to fulfil a country’s needs, Swiss State Secretariat for Education, Research and Innovation international...
Dec 09, 2014
Article contains comments
Dec 05, 2014
Dec 05, 2014
Article contains comments
Dec 05, 2014
 
 
 
Dec 05, 2014
South Africa has seen a more than 200% increase in electricity tariffs since 2008 and could be looking at more than a 1 000% increase between 2002 and 2020, prompting energy solutions provider Energy Partners head Manie de Waal to urge businesses to focus on both the...
Dec 05, 2014
The successful economic performance of the South American country of Colombia, while founded in incremental reforms carried out over several decades, was significantly boosted by a number of major reforms and developments in the 1990s and early 2000s. Thus affirms...
Dec 05, 2014
Article contains comments
Business Partners Limited has launch a R150-million Education Fund to provide existing and aspiring entrepreneurs in the educational sector with the risk capital and mentorship required to pursue projects. “Education remains a major challenge in South Africa and has...
Dec 04, 2014
Article contains comments
Rosatom regional VP: sub-Saharan Africa Viktor Polikarpov
Russian nuclear vendor Rosatom has confirmed that it is considering various funding models, including the extension of a State loan, as part of its offer to South Africa for the building of a proposed new nuclear power plant (NPP) build programme. Speaking during an...
Dec 03, 2014
Article contains comments
Dec 03, 2014
Article contains comments
Dec 03, 2014
South Africa's best-managed municipalities are in Gauteng and the Western Cape, according to a study released on Wednesday. "Western Cape and Gauteng municipalities remain typically the best managed and most competitive in a year ridden with protests," Municipal IQ...
Dec 03, 2014
Article contains comments
The National Employers Association of South Africa (Neasa) on Tuesday filed an urgent application for leave to appeal Justice Hilary Rabkin-Naiker’s December 1 judgment dismissing its urgent application to prevent the Metal and Engineering Industry Bargaining Council...
Dec 03, 2014
Business confidence improved during November, with the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) having gained two index points to 90.8. Sacci stated that, while the despairing mood in the business environment seemed to be...
Dec 03, 2014
South Africa’s continuously constrained power supply has dampened the 2015 outlook for more than half of the nation’s CEOs, who feel the lack of energy capacity would hit the bottom lines of businesses in the coming year. Despite an uptick in the confidence of South...
 
 
 
 
Dec 03, 2014
It was unlawful and unconstitutional to not reveal national keypoints, the High Court in Johannesburg ruled on Wednesday. The Right2Know Campaign (R2K) and the South African History Archive (SAHA) wanted the police to reveal the national key points under the...
Dec 03, 2014
Corruption has increased in several of the world's best-performing economies as rising growth has encouraged an abuse of power, corruption watchdog Transparency International said Wednesday in its annual report. "The 2014 Corruption Perceptions Index shows that...
Dec 03, 2014
Corruption Watch executive director David Lewis
South Africa scored 44 out of 100 and ranked 67 out of all the surveyed countries in the 2014 Transparency International (TI) 2014 Corruption Perceptions Index (CPI). This is the third consecutive year that the country has scored below 50 in the most widely used...
Dec 02, 2014
As Turkey takes over the reins as chair of the group of 20 (G20) economies, the country on Tuesday said it would hone in on African growth as it built on the momentum gained by its predecessor, Australia. “Africa is a focal point for Turkey …”, he said, adding that...
Dec 01, 2014
Article contains comments
Dec 01, 2014
The granting of an incentive to a Western Cape company has resulted in the creation of jobs, said the Department of Trade and Industry (dti) on Monday. “Abagold Limited, a company that farms in abalone in Hermanus, Western Cape, is one of the few companies that have...
Dec 01, 2014
Article contains comments
The Labour Court in Johannesburg on Monday dismissed an urgent application by the National Employers Association of South Africa (Neasa) to prevent the Metal and Engineering Industry Bargaining Council (MEIBC) from requesting Labour Minister Mildred Oliphant to...
Dec 01, 2014
Anglo American executive director Khanyisile Kweyama
Diversified mining major Anglo American has announced that it will be the lead private sector company supporting the 21st International Aids Conference taking place in July 2016, in Durban, South Africa. The International Aids Conference is held every two years and...
Dec 01, 2014
As the global community observes World Aids Day on December 1, 2014, Professor Linda-Gail Bekker, new president-elect of the International Aids Society (IAS) and Deputy Director of the Desmond Tutu HIV Centre at the University of Cape Town, says the fight against...
Dec 01, 2014
South Africa’s seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) recovered to its best level in over a year in November, rising to 53.3 points – a reading above the 50-point level signals an expansion. Besides being at its best level since August 2013, the...
 
 
 
 
Dec 01, 2014
BCCEI general secretary Nick Faasen
The Bargaining Council for the Civil Engineering Industry (BCCEI) has set the end of February as the deadline for all employer organisations, representative trade unions and nonmembers to submit their wage proposals for the 2015 wage negotiation process. BCCEI...
Nov 28, 2014
Weyers van der Merwe, Mandla Mpungose and Sam Zungu.
The handover of specialised computer equipment to the Umfolozi Technical and Vocational Education and Training College would address one of the greatest challenges faced by Transnet Port Terminals (TPT) at the Port of Richards Bay – a lack of skills in a highly...
Nov 28, 2014
Through hosting the WorldSkills 2014 competition’s mechatronic pre-national finals, industrial control and automation company Festo would promote and support skills development. Festo said the mechatronic competition would give schoolchildren, trainees and students...
Nov 28, 2014
Themba Mkhwanazi
Anglo American Inyosi Coal and Eskom “are broadly aligned” regarding Eskom’s empowerment imperatives for the New Largo project, Anglo American coal business in South Africa CEO and Anglo American Inyosi Coal chairperson Themba Mkhwanazi reported on Friday. In a...
Nov 28, 2014
There is widespread consensus that the Price Preference System (PPS) –introduced in September 2013 to restrict the export of scrap metal before it had first been offered for sale to the domestic consumers at a 20% discount to an international benchmark price – has...
Nov 28, 2014
The Department of Agriculture, Forestry and Fisheries (Daff) has unveiled a draft version of the Agriculture Policy Action Plan (Apap), which is aligned with the National Development Plan's (NDP's) target of creating one-million agricultural-sector jobs by 2030. The...
Nov 28, 2014
The fifth yearly China Sourcing Fair (CSF) was held at Nasrec, in Johannesburg, earlier this month and provided a platform for local entrepreneurs to source products from Chinese manufacturers, further increasing trade between the two countries.
Nov 28, 2014
The East London industrial development zone (Elidz) appointed Babalwa Buwa-Magongwa as its new CFO earlier this month.
Nov 28, 2014
DISCOVERING MATHEMATICS An effective teacher can make mathematics concepts accessible for children, enabling them to discover mathematics principles
Electronic engineering research and development company Keystone Electronics notes that many of the engineering graduate candidates it interviews lack a firm grasp of key foundational mathematical and scientific concepts. Keystone Electronics subjects candidates to...
Nov 28, 2014
FRANS JOHANSSON The only risk to companies’ sustainability is doing the same thing over and over
Logic alone does not confer a competitive advantage and companies must increase collaboration to capture latent potential innovations that will improve the business, says entrepreneurial and innovation consultant Frans Johansson. Expertise is not a sufficient...
 
 
 
 
Nov 28, 2014
All development policies in Mozambique are focused on two major issues: poverty reduction and social and economic infrastructure development. This was recently affirmed by the Rector of Mozambique's Higher Institute of International Relations, Dr Patricio José....
Nov 28, 2014
PRODUCTION CAPACITY The new wind-turbine tower production factory is capable of producing 150 wind towers a year
Renewable energy industrial and logistics processes company GRI Renewable Industries in November opened a new R300-million wind-turbine tower production factory in Atlantis, Cape Town. “With South Africa currently in the grip of debilitating rolling black-outs and...
Nov 28, 2014
SARAH STANDS The wind industry has created a need for more trained professionals such as turbine technicians, large-inverter programmers, engineers and quality managers
While there is not a significant skills deficit in the South African wind energy industry, primarily the result of on-the-job training, there is a need to formalise the training and invest more substantially in local community training, says renewable-energy and...
Nov 27, 2014
Article contains comments
South Africa’s Finance Minister Nhlanhla Nene
South Africa’s Finance Minister Nhlanhla Nene has emphasised the role of the private sector in delivering the 51 Programme for Infrastructure Development in Africa (Pida) projects, collectively valued at $68-billion, being prioritised for implementation by 2020....
Nov 27, 2014
Article contains comments
Solidarity CEO Dirk Hermann
Trade union Solidarity, which has 7 000 members working at Eskom, is urging the State-owned utility to abandon its voluntary-severance offer to employees and focus instead on rebuilding staff morale as part of a broader effort to improve the currently dire outlook...
 
 
 
 
 
 
 
 
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