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Mar 03, 2016
Hyprop’s strategy of investing in shopping centres that dominate catchment areas has seen the real estate investment trust declare a dividend of 297.8c a share for the six months ended December 31 – up 13.4% from the comparative period. “We maintained robust growth...
Mar 03, 2016
Jacob Zuma
President Jacob Zuma will hold his first meeting with the Inter-Ministerial Committee on Investment Promotion on Friday, he said on Thursday. “I asked the business community for the first time to send a contribution to the meeting in the form of a submission on what...
Mar 03, 2016
Defence Secretary Dr Sam Gulube
The National Defence Industry Council (NDIC) should have its strategy for the sector completed by the last day of November, Defence Secretary Dr Sam Gulube stated on Thursday. He was speaking at the official launch of the Council. This strategy will be the result of...
Mar 03, 2016
Article contains comments
Energy management specialist Schneider Electric South Africa on Thursday boosted its partnership with the French Ministry of Education to promote access to education and training through the country’s technical colleges. In 2012, the parties teamed up to launch the...
Mar 03, 2016
A major challenge hedge fund managers face when working with clients is that people believe they can predict what the currency forecast would be, which is difficult owing to the unpredictability of exchange rates, Standard Bank Foreign Exchange and Money Market sales...
Mar 03, 2016
The Merchantec CEO Confidence Index recorded a decrease in CEO confidence to 38.1 points in the first quarter of this year, the lowest score recorded since the index’s inception in the second quarter of 2009 and the fifth consecutive quarter in which the confidence...
Mar 03, 2016
President Jacob Zuma on Thursday conceded that the drought being experienced across South Africa was an impediment to economic growth, but again stopped short of calling it a national disaster. “One of the domestic constraints to growth in our country currently is...
Mar 03, 2016
Finance Minister Pravin Gordhan
President Jacob Zuma is personally dealing with the tension between Finance Minister Pravin Gordhan and SA Revenue Services (Sars) commissioner Tom Moyane, Cabinet said in a statement on Thursday. Following Cabinet’s meeting on Wednesday, it called on “all interested...
Mar 03, 2016
Mar 03, 2016
Mar 02, 2016
Mar 02, 2016
 
 
 
Mar 02, 2016
GPR Leasing Africa (GPR), a joint venture between Grindrod Freight Services and the Pembani Remgro Infrastructure Fund, will deliver the first grain hopper wagons to Corredor De Desenvolvimento Do Norte (CDN), in Mozambique, this month. The followed after the parties...
Mar 02, 2016
JSE-listed Growthpoint has, amid “hugely challenging economic and operating conditions”, recorded a dip in headline earnings a share to 59.72c for the six months ended December 31. This was 11.49c lower than the comparative period of 2014 and significantly lower than...
Mar 02, 2016
Armed conflict, political uncertainty and security threats were the largest deterrents to foreign direct investment (FDI) inflows in Africa, regardless of the quality of a country’s geological base, new analysis by advisory firm KPMG has shown. In the five-year...
Mar 02, 2016
Finance Minister Pravin Gordhan
Finance Minister Pravin Gordhan’s letter, through his legal representative, Tebogo Malatji, to the National Head: Directorate for Priority Crime Investigation, Lieutenant General Berning Ntlemeza.
Mar 01, 2016
Private hospital and specialists’ fees need to be regulated to contain costs for medical scheme members, according to the Board of Healthcare Funders (BHF). These fees take the “lion’s share” of members’ contributions, BHF Executive Director Dr Humphrey Zokufa told...
Mar 01, 2016
Efficiency at South Africa's busiest airport has been called into question as absenteeism was highlighted as some of the challenges to tourism by the department of home affairs in parliament on Tuesday.  The department, led by Minister Malusi Gigaba, briefed the Home...
Mar 01, 2016
Mmusi Maimane
The motion of no confidence against President Jacob Zuma is about jobless South Africans, Democratic Alliance (DA) leader Mmusi Maimane said on Tuesday. Parliament is set to debate the motion for the second time in less than a year on Tuesday afternoon.
Mar 01, 2016
The Democratic Alliance (DA) on Monday called on President Jacob Zuma to appoint an independent judicial commission of inquiry to investigate all the allegations surrounding the so-called “rogue unit” within the South African Revenue Service (Sars). In a statement...
Mar 01, 2016
Jacob Zuma
President Jacob Zuma has maintained that the decision taken by National Director of Public Prosecutions (NDPP) Mokotedi Mpshe in 2009 to withdraw corruption charges against him was rational. "The President has always contended that the court proceedings are an abuse...
Feb 29, 2016
 The increasingly violent student uprisings seen spreading across the country’s universities in recent weeks are “placing doubt” in the minds of potential investors in the country, South African Chamber of Commerce and Industry (Sacci) president Vusi Khumalo told...
 
 
 
 
Feb 29, 2016
Pravin Gordhan
President Jacob Zuma on Monday dismissed reports that Finance Minister Pravin Gordhan’s job was in jeopardy while at the same time insisting he did not have the power to fire South African Revenue Service (Sars) boss Tom Moyane without following the correct legal...
Feb 29, 2016
The Continental Free Trade Area (CFTA) and its implications for manufacturing in Southern Africa need to be top on the agenda of businesses operating within the metals and engineering sector, Steel and Engineering Industries Federation of Southern Africa CEO Kaizer...
Feb 29, 2016
The JSE on Monday posted strong results for the year ended December 31, notching up a 20% increase in operating revenue to R2-billion and a 16% increase in net cash flow to R888-million. This translated to a 42% increase in earnings a share to R10.51 apiece, as well...
Feb 29, 2016
Article contains comments
Pravin Gordhan
The Hawks never meant to investigate Finance Minister Pravin Gordhan - he was merely the "suitable man to talk to", the Directorate for Priority Crime Investigation said on Monday. "We would like to set the record straight, put the matter into perspective and state...
Feb 29, 2016
Finance Minister Pravin Gordhan
Standard Bank Research said the “rand sacrificed most of the gains it had made since the end of January”, which analysts on Monday said was due to a boiling point in politics involving President Jacob Zuma and Finance Minister Pravin Gordhan. Zuma said on Friday that...
Feb 29, 2016
Jacob Zuma and Pravin Gordhan
Finance Minister Pravin Gordhan will not receive any help from President Jacob Zuma relating to the so-called rogue unit at South African Revenue Service (Sars) at the time he was commissioner, according to City Press. This despite the Presidency rejecting claims of...
Feb 26, 2016
Article contains comments
A statement by Finance Minister Pravin Gordhan: Over the past few weeks, I have worked with the National Treasury to deliver a Budget that reinforces South Africa’s fiscal credibility and outlines the measures we will take to improve economic growth and tackle our...
Feb 26, 2016
With Finance Minister Pravin Gordhan calling for greater public–private partnerships, Consulting Engineers South Africa (Cesa) on Friday reaffirmed its commitment to working with government to accelerate infrastructure development plans for the next three years....
Feb 26, 2016
Finance Minister Pravin Gordhan
While there was a hint of cautious optimism over the avoidance of a potential downgrade after the 2016 Budget Speech, South Africa would remain hostage to growth impediments that would hinder its investment future. Much pressure had been placed on the...
Feb 26, 2016
The European Union’s (EU's) top foreign affairs officials have expressed confidence that EU investments in South Africa will be properly protected under recently enacted investment protection legislation. Over the last few years the South African government...
 
 
 
 
Feb 26, 2016
Lower international petrol prices and a stronger rand will be a boost for motorists in March, who will likely see a 70c a litre drop in the petrol price, the Automobile Association (AA) said on Friday. “Some measure of stability had returned to the fuel price...
Feb 26, 2016
Gauteng education MEC Panyaza Lesufi
The Gauteng Department of Education (GDE) and the Information Technology Association of South Africa (ITA) on Friday announced that they would roll out a R7-billion Schools of Specialisation programme over the next four years. The programme would receive R5-billion...
Feb 26, 2016
Pravin Gordhan
African National Congress (ANC) secretary general Gwede Mantashe "commended" Finance Minister Pravin Gordhan for his work on Friday, on the same day a newspaper reported that he threatened to resign shortly before delivering his budget speech. "The ANC commends...
Feb 26, 2016
Finance Minister Pravin Gordhan
Finance Minister Pravin Gordhan threatened to resign ahead of his crucial budget address over an alleged clash with Sars commissioner Tom Moyane and ultimately a “proxy war” with President Jacob Zuma, reports said on Friday. His threat reportedly emerged after the...
Feb 26, 2016
KEY OBJECTIVE The water supply and sanitation programme II aims to improve access to sustainable safe water supply and sanitation facilities
The African Development Bank (AfDB) has approved a $91-million loan to Uganda for the provision of clean water and improved sanitation in the country and a $16.1-million loan to finance the Tanzania institutional support project for good governance (ISPGG III). The...
Feb 26, 2016
2015 WINNER The Overall Winner at Steel Awards 2015 was the MeerKAT project of the Square Kilometre Array Africa Radio Antenna Positioner
Steel construction industry representative organisation the Southern African Institute of Steel Construction (Saisc) is calling for entries for its Steel Awards 2016, which will take place simultaneously in Johannesburg, Durban and Cape Town on September 15.
Feb 26, 2016
PASSENGER RAIL IMPROVEMENTS There has been significant movement to improve and increase passenger rail capacity in South Africa owing to PRASA's rolling-stock upgrade projects
The country’s rail infrastructure networks are set to receive significant boosts in investment, owing to government’s target of having the fifth-largest railway network in the world by 2019, says professional services firm WSP|Parsons Brinckerhoff. WSP|Parsons...
Feb 26, 2016
Despite challenges, such as uncertain future business prospects, in the South African rail industry, heavy on-track maintenance machinery designer and manufacturer Plasser South Africa maintains a constant investment programme. The programme includes maintaining a...
Feb 26, 2016
SURVIVAL The Southern African Institute of Steel Construction says the local steel construction industry will survive the current challenging environment owing to years of resilience
As local steel demand stagnates and exports decrease, various steel industry role-players and industry analysts have predicted this year will be the toughest one for local steel manufacturers, as companies have been forced to mothball or sell plants, cut jobs and...
Feb 26, 2016
SUSTAINING PRODUCTION Scaw Metals plans to use the new price preference system for scrap metal to sustain jobs in the steel industry
Steel manufacturing major Scaw Metals is supporting the proposed amendments to the price preference system (PPS) policy guidelines for local scrap metal.
 
 
 
 
Feb 26, 2016
A well-functioning economy starts with putting in place a good transport infrastructure before any other primary infrastructure development, says professional services firm KPMG global infrastructure major projects advisory head De Buys Scott. “The leverage potential...
Feb 26, 2016
KEVIN CILLIERS The National Cleaner Production Centre regional manager says that ts new programme will help alleviate South Africa's water scarcity
Recognising the socioeconomic strain caused by the current drought and following the successful implementation of its Industry Energy Efficiency (IEE) project, the national resource efficiency programme National Cleaner Production Centre, South Africa (NCPC-SA) is...
Feb 26, 2016
MINISTRY AT WORK The Minister of Water and Sanitation launched the 2015 Water Week at KwaDukuza in KwaZulu Natal on March 16
Where dam levels have further declined, more stringent restrictions will be implemented to preserve water supply, says the Department of Water and Sanitation (DWS). The DWS notes that the latest South African Weather Services forecasts have projected below-average...
Feb 25, 2016
Nonprofit agency Justice Project South Africa (JPSA) and watchdog Organisation Undoing Tax Abuse (Outa) have called Electronic Toll Collection’s (ETC’s) plans to implement Gauteng e-toll debt recovery “outrageous”. The first summons to collect outstanding Gauteng...
Feb 25, 2016
Seifsa chief economist Henk Langenhoven
The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has welcomed government’s announced efforts to reduce its expenditure; however, the organisation remained concerned about the lack of concrete plans to address the country’s slow economic...
 
 
 
 
 
 
 
 
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