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Jan 26, 2015
Article contains comments
GE chairperson and CEO Jeffrey Immelt
Troubled South African State power utility Eskom should place emphasis on stability ahead of improvement, GE chairperson and CEO Jeffrey Immelt suggested on Monday. Speaking at the Gordon Institute of Business Science (GIBS) in Johannesburg, the head of the...
Jan 26, 2015
Article contains comments
Tenders are being prepared for two major oil-services infrastructure projects, collectively valued at around R10-billion, for the deep-water Port of Saldanha, on South Africa’s west coast. The developments are being packaged as build, own, operate and transfer...
Jan 26, 2015
A debate over the impact on the industry of the local content regulations governing solar water heaters (SWHs) has heated up as the Department of Trade and Industry (DTI) and industry body, the Sustainable Energy Society Southern Africa (Sessa) stand firm on their...
Jan 23, 2015
President Jacob Zuma
South Africa was open for more investment and the country offered investment opportunities that no “wise” businessperson should miss, President Jacob Zuma told captains of commerce and industry during the yearly Business Interaction Group meeting on the sidelines of...
Jan 23, 2015
The Competition Commission is seeking input from the public on guidelines directing its approach to the analysis of mergers based on public interest grounds, in addition to competition. Stakeholders had until February 23 to comment on the draft guidelines for the...
Jan 23, 2015
Article contains comments
The DA plans to submit a private members' bill to Parliament to nullify the National Key Points Act because it is inconsistent with transparency and accountability. "The National Key Points Act of 1980 is a self-serving act that should be relegated to an apartheid...
Jan 23, 2015
Article contains comments
Eskom CEO Tshediso Matona
Apart, perhaps, from the Stoney ginger beer pick-me-up on his conference table and the queue of awaiting visitors in his reception area, there are few other signs of the pressure Eskom CEO Tshediso Matona is under. His corner office on the third-floor at Megawatt...
Jan 23, 2015
PROMOTING SKILLS DEVELOPMENT Three colleges have benefited from Zest WEG Group’s donation of electric motors, switchgears, soft starters and other electric equipment
As part of its corporate social investment (CSI) initiatives, electric motors company Zest WEG Group has donated equipment worth more than R2-million to training schools, colleges and other educational institutions.
Jan 23, 2015
Jan 22, 2015
Jan 22, 2015
Article contains comments
Jan 21, 2015
 
 
 
Jan 20, 2015
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Premier David Makhura
In the build-up to the State of the Province Address (SoPA), the Gauteng Provincial Government (GPG) is once again inviting the residents of the province to offer their suggestions on what they think Premier David Makhura should address in his speech. Makhura will...
Jan 20, 2015
IMF's Olivier Blanchard
The International Monetary Fund (IMF) has lowered its 2015 growth forecasts for commodity exporters, including South Africa, saying the projected growth rebound for commodity-exporting developing countries will be weaker than had been forecast in the fund’s October...
Jan 19, 2015
Jan 19, 2015
The value of announced merger and acquisition (M&A) transactions involving sub-Saharan African targets contracted marginally to $28-billion in 2014, the latest Thomson Reuters investment banking analysis for the region showed. The most targeted nation for M&A deals...
Jan 19, 2015
South Africa needed a "real youth wage subsidy instead of a watered down incentive scheme" to create jobs and decrease youth unemployment, the Democratic Alliance (DA) said on Sunday. "The report [by the University of Cape Town] supports the DA's position that...
Jan 16, 2015
Infrastructure development is a significant cornerstone in the Department of Higher Education and Training’s (DHET’s) development plan, with the department aiming to invest a further R7.1-billion on university infrastructure development between 2015/16 and 2017/18,...
Jan 16, 2015
Article contains comments
Minister of Higher Education and Training Blade Nzimande
The pace of transformation in universities in South Africa is too slow, Higher Education and Training Minister Blade Nzimande said on Friday, focusing in particular on the University of Stellenbosch, the North West University and the University of Pretoria. Speaking...
Jan 16, 2015
Science and Technology Minister Naledi Pandor
The exploitation of minerals must form the basis of diversified economies in the developing world, said Science and Technology Minister Naledi Pandor on Thursday. “Exports of raw materials and oils often strengthen a currency, rendering other products less...
Jan 15, 2015
Despite the National Student Financial Aid Scheme (NSFAS) allocation made by Higher Education Minister Blade Nzimande on Monday being increased to R9.5-billion it was still believed to be lacking. Portfolio Committee on Higher Education chairperson Yvonne Phosa noted...
Jan 15, 2015
 
 
 
 
Jan 15, 2015
Henk Langenhoven
3.3 index-point drop in the Kagiso Purchasing Managers’ Index (PMI) to 50.2 in December was largely the result of electricity disruptions in November, which bruised nationwide economic activity, the Steel and Engineering Industries Federation of South Africa (Seifsa)...
Jan 14, 2015
The National Union of Metalworkers of South Africa (Numsa) has denied an allegation by industry body the National Employers' Association of South Africa (Neasa) that the labour union last year unconditionally capitulated to the Neasa demands tabled during the 2014...
Jan 14, 2015
The South African government hopes to provide the nation’s youth with a “hand up” to meaningfully participate in society and the economy, as consultations for the updated National Youth Policy (NYP) 2015 to 2020 get under way. Deputy Minister responsible for...
Jan 14, 2015
An artist's impression of Menlyn in 2016
International banking group Old Mutual has entered into a R10-billion asset swap transaction with business firm Pareto, involving major shopping centres Menlyn Park, in Pretoria, and Cavendish Square, in Cape Town. A media statement released on Wednesday explained...
Jan 14, 2015
The number of South Africans benefiting from social grants has more than doubled over the last ten years, from 12.7% to 30.2% of the population, National Treasury revealed on Wednesday. Similarly, provincial social development budgets were estimated to have almost...
Jan 14, 2015
To build human and institutional capacity in Africa, the United Nations Economic Commission for Africa (UNECA), will sign a memorandum of understanding (MoU) for a three-year partnership with the African Capacity Building Foundation (ACBF). The signing would be...
Jan 14, 2015
Deputy President Cyril Ramaphosa on Wednesday officially launched government’s paperless education system pilot project, ‘The Big Switch On’, at the Boitumelong Secondary School, in Tembisa, telling learners and educators who had returned for their first school day...
Jan 14, 2015
JSE-listed Orion Property Holdings has disposed of its Mountain View Shopping Centre, in the Western Cape, for R27.75-million. The company noted that the sale of the property to Milprops 365 would result in a reduction of investment property of R16.29-million, a...
Jan 13, 2015
A further decline in the already depressed price of metals – particularly iron-ore, gold and copper – would severely affect a large number of countries in sub-Saharan Africa, the World Bank’s latest Global Economic Prospects (GEP) report warns. The authors still...
Jan 13, 2015
 
 
 
 
Jan 13, 2015
Article contains comments
Grade nine pupils in a school in Tembisa, Johannesburg listen attentively to their teacher as she asks them to work out an equation in a financial literacy class. But instead of scribbling the answers down in a notebook, the pupils each work out the equation on a...
Jan 13, 2015
Article contains comments
South Africa’s Department of Energy (DoE), which issued the long-awaited coal baseload independent power producer (IPP) procurement programme request for proposals (RFP) in December, is insisting that 51% of the equity in qualifying projects be held by South...
Jan 13, 2015
Industry body, the National Employers' Association of South Africa (Neasa), says it will hold labour union, the National Union of Metalworkers of South Africa (Numsa), to a deal which it says saw the organisation agreed to Neasa's 2014 demands on “a wide range of...
Jan 12, 2015
Article contains comments
Jan 12, 2015
Manufacturing output for November fell below analyst expectations, registering a “disappointing” 1.3% year-on-year contraction. This followed on the revised 2.3% year-on-year uptick in October.
Jan 12, 2015
President Jacob Zuma
President Jacob Zuma devoted much of his January 8th statement on Saturday to talking about corruption, saying there was a misperception that the ANC was largely responsible for it. "It cannot be, it is another misrepresentation of fact," he said at the party's 103rd...
Jan 09, 2015
De Beers Consolidated Mines chairperson Barend Petersen
De Beers Consolidated Mines (DBCM) has launched the De Beers Marine Zimele Business Hub in Cape Town aimed at supporting entrepreneurs in a range of sectors. The hub is the company’s first in the Western Cape. DBCM partners with entrepreneurs through funding,...
Jan 09, 2015
Article contains comments
International Relations and Cooperation Minister Maite Nkoana-Mashabane says South Africa is certain that the Indian government and business sector will partner with it to implement the National Development Plan (NDP). She said the two countries can jointly explore...
Jan 08, 2015
The 2014 matric results, which revealed a 2.4 percentage point drop in the national pass rate, has again put the spotlight on the need for private, independent schooling at all levels, from preschool to tertiary education, to support South Africa’s education sector,...
Jan 08, 2015
The South African Chamber of Commerce and Industry (Sacci) has expressed “grave concern” over December’s Business Confidence Index (BCI), which shed 2.5 index points to decline from 90.8 in November to 88.3. This was 3.6 points below that of December 2013 and the...
 
 
 
 
Jan 07, 2015
Restoring the depleted fiscal buffers that were used to ride out the 2008 global financial crisis has emerged as critical for developing countries to survive another economic slowdown, with the softer oil prices providing a window of opportunity to do just that. A...
Jan 07, 2015
Banking and financial services group BNP Paribas has credited renewed concern over the sustainability of South Africa’s domestic electricity supply, what is likely to be another tumultuous period for labour relations and political instability for its forecast of a...
Jan 07, 2015
The R85-million School Capacity and Innovation Programme (SCIP), introduced in South Africa by the US Embassy in partnership with the Department of Basic Education (DBE) and aimed at bolstering teacher training in the country, has proven successful. In 2014, the...
Jan 06, 2015
Despite the heightened risks owing to an uncertain global outlook, Mozambique’s economic growth is expected to remain strong and be broad-based in the medium term, boosted by a natural resources boom – including the coal basin in the Tete province – and...
Jan 06, 2015
Article contains comments
While noting that there had been a “concerted effort” by government to improve the pass rate of matriculants, industry body Business Unity South Africa (Busa) acting CEO Peggy Drodskie said it remained unclear what impact the final-stage introduction of a revised...
 
 
 
 
 
 
 
 
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