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Jun 06, 2014
Article contains comments
Freight and logistics group Transnet has accused striking National Union of Metalworkers of South Africa (Numsa) members of “renewed intimidation, violence and acts of thuggery” against Transnet workers who have chosen not to take part in a strike by the union at...
Jun 06, 2014
Jun 06, 2014
As intellectual property (IP) is increasingly becoming the basis of modern economies, with many tangible benefits of ideas and developments no longer directly linked to physical products, South Africa’s copyright law needs to be amended to provide improved protection...
Jun 06, 2014
Providing access to information can enable Africa’s people to improve themselves and overcome their development backlog, says tertiary institution Monash South Africa school of information technology head Dr Jacques Steyn. Access to knowledge enables self-empowerment...
Jun 05, 2014
Article contains comments
A downgrade of South Africa’s rating by agencies such as Moody’s, Standard & Poors (S&P) and Fitch was “imminent”, as the country continues to battle growth headwinds while shouldering a hefty debt burden, Standard Bank currency strategist Yvette Babb told a media...
Jun 05, 2014
Article contains comments
Jun 05, 2014
South Africa’s unemployment rate among youth aged 15 to 34 years increased from 32.7% to 36.1% between 2008 and 2014, Statistics South Africa (Stats SA) said on Thursday. The unemployment rate was consistently higher among youth than among adults by more than 20...
Jun 05, 2014
Interim Eskom CEO Collin Matjila
State-owned electricity utility Eskom will issue a tender soon for the procurement of an additional 500 MW of capacity from private generators, as part of a larger intervention to ensure supply security ahead of the introduction of new capacity from the Medupi,...
Jun 05, 2014
Jun 04, 2014
Jun 04, 2014
Article contains comments
Jun 04, 2014
 
 
 
Jun 04, 2014
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Eskom's Megawatt Park head office
Senior executives at State-owned electricity supplier Eskom have agreed to forgo their bonuses for the financial year 2013/14 in light of the financial constraints afflicting the utility and ahead of possible Cabinet deliberations on additional future support for the...
Jun 03, 2014
The issuing of smart ID cards is making good progress, with the Department of Home Affairs reporting that it has passed the 300 000 mark. Home Affairs Department on Tuesday said it has issued more than 300 000 smart ID cards since they were introduced last year.
Jun 03, 2014
Investor confidence in South Africa has improved in 2014, reveals a report from a global management consulting firm released on Monday. South Africa climbed two spots to become the thirteenth most attractive destination for foreign direct investment globally, said...
Jun 03, 2014
Article contains comments
Job creation in South Africa’s information and communication technology (ICT) sector has received a $1-million boost. Philanthropic organisation, the Rockefeller Foundation, has made a $1-million grant available to South African ICT services provider EOH to support...
Jun 03, 2014
Article contains comments
The department of basic education on Monday rejected a World Economic Forum (WEF) report about the state of the country's maths and science education. "The report is not a credible or accurate reflection of the state of education in South Africa," the department said...
Jun 02, 2014
Article contains comments
The quality of South Africa's maths and science education places it last out of 148 countries, according to a World Economic Forum (WEF) report. Under the "skills" sub-category, the quality of South Africa's maths and science education comes in last place, behind the...
Jun 02, 2014
The Kagiso Purchasing Managers’ Index (PMI), released on Monday, recorded a continued decline in May as the business activity index plunged and the employment index reached a near five-year low. The seasonally adjusted PMI fell 3.1 index points to a four-year low of...
May 30, 2014
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DOE deputy director-general Ompi Aphane
Progress on the various electricity generation procurement programmes being overseen by South Africa’s Department of Energy (DoE) is now contingent on the new Cabinet approving further guarantees for Eskom, which remains the single buyer of power generated by...
May 30, 2014
The economic success of Asian countries is not due to cheap labour. “It’s not just low wages,” Cambridge University economics Professor José Gabriel Palma has affirmed. Although low wages helped start the modern economic development of Asian countries, the key factor...
May 30, 2014
Addressing the issue of gender inequality in Africa is being prioritised as a mechanism for creating more equal societies and spurring development in Africa, says the Water Research Commission of South Africa (WRC), which is hosting a Gender, Water and Development...
 
 
 
 
May 30, 2014
Vietnam is hoping that it will be able to increase its exports of certain agricultural products to South Africa. In particular, it is seeking to increase its exports of coffee, tea, rice and peppers. In parallel, South Africa is also hoping to increase its exports to...
May 29, 2014
South African producer price inflation (PPI) again surprised the market to the upside in April, rising 8.8% year-on-year, surpassing the March figure of 8.2% and exceeding consensus expectations of an 8.4% rise, Statistics South Africa said on Thursday. In...
May 29, 2014
Article contains comments
Home Affairs Minister Malusi Gigaba
Newly appointed Home Affairs Minister Malusi Gigaba gave an assurance on Thursday that he was sensitive to the need to balance economic and security considerations and indicated that the new immigration regulations, which were introduced on May 26, could still be...
May 29, 2014
Workforce management group Adcorp has increased revenues for the year ended February 28, 2014, by an impressive 37%, generating R11.8-billion for the period, as its South Africa-based blue-collar operations continued to perform “particularly well", despite sweeping...
May 28, 2014
The salaries of middle to high income earners continued to grow despite "significant" stagnation in the economy, according to the latest BankservAfrica Disposable Salary Index (BDSI) released on Wednesday. Monthly salaries of R100 000 or more were not considered when...
May 28, 2014
The Department of Labour’s (DoL’s) undertaking to reportedly do away with certain “draconian” racial regulations is a step in the right direction, trade union Solidarity said on Wednesday. Portions of the draft employment equity regulations, published in February...
May 27, 2014
Companies have to diversify and expand their businesses, as they can no longer rely solely on South Africa for income, PPC Cement MD Richard Tomes said on Tuesday at the opening plenary session of the Totally Concrete and African Construction expos, in Sandton. He...
May 26, 2014
Article contains comments
Tina Joemat-Petterssen
Widespread surprise, mixed with a good deal of concern, greeted news of Tina Joemat-Pettersson’s appointment as South Africa’s new Energy Minister – she replaces Dikobe Ben Martins, who himself only took up the position from Dipuo Peters following a Cabinet reshuffle...
May 26, 2014
While the South African Chamber of Commerce and Industry (Sacci) welcomed the creation of a small business Ministry by the new African National Congress-led government, it said in a statement on Monday that it remained concerned about the “interventionist tone” of...
May 26, 2014
Siefsa CEO Kaizer Nyatsumba
President Jacob Zuma's new Cabinet is too big and will be too costly, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Monday. "While we understand that Cabinet appointments offer the president an opportunity to reward his...
 
 
 
 
May 25, 2014
New Finance Minister Nhlanhla Nene
South African President Jacob Zuma promoted Deputy Finance Minister Nhlanhla Nene to Finance Minister on Sunday, replacing the widely respected Pravin Gordhan in a new Cabinet line-up at the start of a second five-year term in office. The day after a glitzy...
May 24, 2014
South African President Jacob Zuma takes his oath of office during his inauguration ceremony at the Union Buildings in Pretoria.
The transformation of the South African economy will be one of the main focuses of the fifth democratic elected government, President Jacob Zuma said on Saturday. "Economic transformation will take centre stage during this new term of government as we put the economy...
May 23, 2014
Article contains comments
Vincent Maphai
While business should assume some responsibility in delivering educational returns through its various community social investment programmes, accountability of ensuring quality education lies largely with government, which is often informed by its political...
May 23, 2014
Madagascar President Hery Rajaonarimampianina
As Madagascar moves to recover after a five-year political crisis triggered by a 2009 coup, President Hery Rajaonarimampianina, who took office in January following peaceful December elections, on Friday encouraged South African businesses to invest in the country....
May 23, 2014
Coega IDZ
The Special Economic Zones (SEZ) Act, which was signed into law by President Jacob Zuma earlier this week, will contribute to the revitalisation of the economy, improve the investment climate and strengthen the manufacturing sector and job-creation, Trade and...
May 23, 2014
The Gauteng Partnership Fund (GPF) is hosting a Property Entrepreneur Seminar for property entrepreneurs aiming to develop affordable housing projects in Gauteng on June 4 in Auckland Park, Johannesburg.
May 23, 2014
Teaching children using digital technologies promises benefits and methods to improve education, but it requires familiarity, pedagogical adaptations and consistent support, according to a panel of experts at the National Science and Technology Forum Workshop on...
May 22, 2014
SARB governor Gill Marcus
The repo rate will remain unchanged at 5.5%, the South Africa Reserve Bank's monetary policy committee decided on Thursday. "The committee continues to hold the view that we are in a rising interest rate cycle, and interest rates will have to be normalised in due...
May 22, 2014
As the economies of the US and Europe recover, large emerging markets are unable to keep up on competitiveness, a preview of a yearly competiveness report by Switzerland-based global business school IMD states. The IMD World Competitiveness Yearbook (WCY), which will...
May 21, 2014
Article contains comments
University of Cape Town’s Professor David Kaplan
The primary measure of South Africa’s industrial-policy success should be the expansion of exports rather than the creation of direct jobs, a leading economic-policy academic argues, cautioning that the domestic manufacturing sector is unlikely to create as many jobs...
 
 
 
 
May 21, 2014
José Gabriel Palma
The economic success of Asian countries is not due to cheap labour. “It’s not just low wages,” Cambridge University economics professor José Gabriel Palma has affirmed. Although low wages helped start the modern economic development of Asian countries, the key factor...
May 20, 2014
Nissan SA MD Mike Whitfield
Africa has to industrialise and people in Africa should lead this process, Nissan South Africa MD Mike Whitfield said on Monday. Speaking as part of a panel at the inaugural Manufacturing Indaba, in Kempton Park, he said Africa no longer had a choice in terms of...
May 19, 2014
Ekurhuleni executive mayor Mondli Gungubele
Ekurhuleni executive mayor Mondli Gungubele has outlined the main elements of the Gauteng city’s manufacturing revitalisation strategy, which he says could facilitate R19-billion-worth of industrial investments into the metropolitan area over the coming few years. In...
May 19, 2014
DTI deputy director-general Garth Strachan
A senior Department of Trade and Industry (DTI) official has acknowledged that many government departments are flouting procurement rules on local content, despite specific regulations having been introduced compelling all spheres of government and State companies to...
May 19, 2014
Seifsa CEO Kaizer Nyatsumba
Steel and Engineering Industries Federation of Southern Africa (Seifsa) CEO Kaizer Nyatsumba has bemoaned the deterioration in relations between government and business over the past five years and used the platform of the Manufacturing Indaba, which kicked off in...
 
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