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Jul 09, 2014
Article contains comments
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
Article contains comments
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
Article contains comments
Jul 04, 2014
Jul 04, 2014
Jul 04, 2014
 
 
 
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
Article contains comments
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...
Jul 03, 2014
Article contains comments
A programme to eliminate “ghost employees” within the Gauteng provincial government is more than halfway complete as verification of employees entered the next phase, Finance MEC Barbara Creecy said on Thursday. The Gauteng Provincial Treasury had made significant...
Jul 03, 2014
An upcoming Cape Town-based forum aims to tackle the increasing inability of municipalities across the continent to deliver basic services, such as the supply of water and electricity and the maintenance of road infrastructure, as a result of inefficient revenue...
Jul 03, 2014
Article contains comments
Savings were disturbingly low in South Africa and, in 2013, the country’s national gross savings rate, as a percentage of gross domestic product, stood at 13.5%, down from 14.2% in 2012, Deputy Finance Minister Mcebisi Hubert Jonas said at the launch of the Annual...
Jul 03, 2014
June data for banking and financial services organisation HSBC’s latest Purchasing Managers’ Index (PMI) for South Africa points to a further deterioration in operating conditions at South African private-sector companies, with the headline PMI falling fractionally...
Jul 02, 2014
Article contains comments
The State-owned Passenger Rail Agency of South Africa (PRASA), which is in the early stages of a R51-billion fleet overhaul, unveiled the final design of its new X’Ttrapolis MEGA commuter train at the Africa Rail conference in Johannesburg, on Wednesday. As expected...
Jul 02, 2014
Confidence levels in the growth prospects of small and medium-sized enterprises (SME) in South Africa dropped during the first quarter of 2014. The 2014 first quarter Business Partners SME Index showed a 3% quarter-on-quarter decline, with 52% of the business owners...
 
 
 
 
Jul 01, 2014
Strikes have emerged as a major concern for JSE-listed Argent Industrial as continuing labour disputes weigh on its profitability. After having emerged from a year of industry- and countrywide labour disputes in 2013, Argent entered the new financial year under the...
Jul 01, 2014
The South African Revenue Service (Sars) intends collecting nearly R1-trillion during the 2014/15 tax season, which began on Tuesday. Tax revenue was expected to grow by 10.4% to R993.6-billion, with R899.8-billion collected last year, after refunds, Finance Minister...
Jul 01, 2014
Article contains comments
Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene gave a firm guarantee on Tuesday that the new Cabinet was fully behind the implementation of the National Development Plan (NDP) and even revealed that President Jacob Zuma was personally meeting with individual Ministers to seek...
Jul 01, 2014
International packaging and paper group Mondi has completed the acquisition of the industrial bags and craft paper business of Graphic Packaging International, in the US, for $105-million on a debt- and cash-free basis. Engineering News Online reported last month...
Jun 30, 2014
Kaizer Nyatsumba
Following a standoff between unions and employer bodies in the metals and engineering sector after wage negotiations deadlocked last week, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Monday withdrew its lockout notice to Solidarity....
Jun 30, 2014
The East London industrial development zone (Elidz) on Monday launched the first regional open innovation solution exchange platform. The Connect and Solve initiative, in conjunction with the Research Institute for Innovation and Sustainability (RIIS), was...
Jun 30, 2014
Jun 30, 2014
Article contains comments
A metals and engineering sector strike on the scale that the National Union of Metalworkers of South Africa (Numsa) was planning could “spell disaster” for South Africa’s growth and investment outlook, especially in the second half of this year, analysts from...
Jun 30, 2014
The youth wage subsidy is not the only remedy for youth unemployment, Deputy Minister of Performance and Monitoring in the Presidency Buti Manamela said on Monday. "The Employment Incentive Bill is not the panacea to resolving youth unemployment," Manamela said at...
Jun 27, 2014
Ascendis Health, the third-largest pharmaceuticals company on the JSE, has concluded an agreement with the 100% black-owned Mineworkers Investment Company, (MIC) which will see the fund’s black economic-empowerment (BEE) ownership in Ascendis increase over a...
 
 
 
 
Jun 27, 2014
Article contains comments
South Africa’s small to medium-sized enterprises’ (SMEs’) perception of government support services has improved, the SME Survey 2014 revealed this week. Half of the 38% of the respondents that had made use of government support services for SMEs in the last 12...
Jun 27, 2014
European airliner manufacturer Airbus, part of the larger Airbus Group, remains confident in the continuing growth of the global air transport industry. Some market analysts have expressed fears that a bubble is developing in the sector. "Is there a bubble? I don't...
Jun 27, 2014
Article contains comments
Deputy President Cyril Ramaphosa
Government’s ambitious target to buy at least 75% of goods and services from South African producers is “eminently achievable”, Deputy President Cyril Ramaphosa told black business leaders this week. In an address delivered at the Black Business Council’s annual...
Jun 27, 2014
Article contains comments
The South African government has identified the green economy as one of 12 job drivers that could help contribute to what increasingly appears to be a highly ambitious target of creating five-million additional jobs by 2020. In fact, the New Growth Path, in which the...
Jun 27, 2014
Various industries continuously grapple with dilemmas arising from an acute skills shortage, owing to the low standard of mathematics and science education in South Africa, says University of Johannesburg (UJ) Department of Applied Physics and Engineering Mathematics...
Jun 27, 2014
Business analytics and the use of near real-time, detailed information generated by such systems are increasingly being used in departments other than the conventional use in companies’ financial departments, improving agility across various business processes, a...
Jun 26, 2014
The Presidency has announced the new ministerial clusters which have been constituted to improve coordination within government and enhance the delivery of services. The Presidency said on Thursday the main functions of the clusters are to ensure the alignment of...
Jun 26, 2014
Article contains comments
Jun 26, 2014
Science and Technology Minister Naledi Pandor
South African Science and Technology Minister Naledi Pandor has called on academics in the humanities disciplines to help achieve the goals of the National Development Plan (NDP). She was delivering the keynote address at the Academy of Science of South Africa...
Jun 26, 2014
Article contains comments
 
 
 
 
Jun 25, 2014
South Africa’s Medium-Term Strategic Framework (MTSF) for the period 2014 to 2019, that is expected to be released within the next three weeks, will carry forward the spirit of the National Development Plan (NDP), National Planning Commission Secretariat acting head...
Jun 24, 2014
Jun 24, 2014
Platinum majors Impala Platinum (Implats), Lonmin and Anglo American Platinum (Amplats) on Tuesday signed a three-year wage agreement with labour union, the Association of Mineworkers and Construction Union (AMCU), putting the final “nail in the coffin” of an...
Jun 24, 2014
Electricity utility Eskom confirmed on Tuesday that credit rating agency Standard & Poor’s (S&P’s) had downgraded its long-term local and foreign currency rating to BBB- from BBB and had also placed it on “CreditWatch with potential negative implications”. The...
Jun 24, 2014
Article contains comments
Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene has warned that current measures being used to increase the country’s competitiveness – from industrial incentives and infrastructure investment, through to cutting red tape for small businesses – will be insufficient to ensure higher...
 
 
 
 
 
 
 
 
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