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Jun 18, 2014
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Jeff Radebe
South Africa's economy is still too reliant on mineral exports, Minister in the Presidency Jeff Radebe said on Wednesday. Opening debate in the National Assembly on Tuesday evening's state-of-the-nation address, he added detail to President Jacob Zuma's call for the...
Jun 18, 2014
Africa is increasingly being seen as the next food basket of the world, with agribusiness projected to grow from a $300-billion to a $1-trillion industry in sub-Saharan Africa within the next two decades. The US is looking for new markets and investment destinations...
Jun 17, 2014
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President Jacob Zuma
President Jacob Zuma placed the growth-sapping issues of labour instability and electricity insecurity at the centre of his post-election State of the Nation address to lawmakers on Tuesday night. He also used the platform to announce a series of new interventions to...
Jun 17, 2014
After last week concluding country surveillance consultations with the Democratic Republic of Congo (DRC), the International Monetary Fund (IMF) says that, while the African State continued to post strong economic growth in recent years – an average of 7% a year...
Jun 17, 2014
President Jacob Zuma
President Jacob Zuma should use the opportunity provided by his looming State of the Nation Address (SoNA) on Tuesday to “send a strong message” to the local and international markets that his government would do “everything possible” to turn the economy around, the...
Jun 17, 2014
Ratings agency Standard and Poor's (S&P) on Friday lowered South Africa's long-term foreign currency credit rating one notch, to BBB- from BBB. "The downgrade reflects our expectation of lacklustre GDP [gross domestic product] growth in South Africa, against a...
Jun 17, 2014
South Africa's rand was largely flat against the dollar on Tuesday but could come under pressure ahead of the Reserve Bank's latest quarterly bulletin, which is expected to show a sizeable widening of the current account deficit. The rand remains vulnerable to...
Jun 13, 2014
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Government would remain committed to maintaining fiscal sustainability and keeping its debt within manageable levels, the National Treasury stressed on Friday following ratings agency Fitch’s revision of South Africa’s outlook from stable to negative. “Indeed, fiscal...
Jun 13, 2014
Jun 13, 2014
Jun 13, 2014
Jun 12, 2014
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Jun 12, 2014
President Jacob Zuma
President Jacob Zuma should focus on restoring confidence in the South African economy when he takes to the podium during next week's state-of-the-nation address, the DA said on Thursday. Zuma should provide clear leadership to address the crisis facing the economy,...
Jun 11, 2014
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While South Africa’s tourism industry has grown “significantly” over the past 20 years, a recent report by advisory firm Grant Thornton has found that there is “certainly” more room for growth. “We’ve done exceptionally well in a number of areas and, since 1994,...
Jun 11, 2014
While acknowledging that the Constitution protects the right to engage in industrial action, the South African Chamber of Commerce and Industry (Sacci) has called on its social partners to consider introducing limitations on industrial action to preserve the rule of...
Jun 11, 2014
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The World Bank has made a further material downward revision to South Africa’s growth outlook for 2014, citing tense labour-market conditions as a key reason, along with weak electricity supply and tighter monetary policy. The bank’s latest Global Economic Prospects...
Jun 10, 2014
Freight logistics group Transnet has, “on humanitarian grounds”, temporarily suspended the lockout of striking employees at its Ngqura container terminal, in the Eastern Cape, after some striking workers volunteered to abandon the National Union of Metalworkers of...
Jun 10, 2014
Minister in the Presidency Jeff Radebe
The Cabinet lekgotla, beginning on Tuesday, is about service delivery, Minister in the Presidency Jeff Radebe said. "For ordinary South Africans what this lekgotla is about is service delivery, especially at local government level," Radebe told reporters in Pretoria...
Jun 10, 2014
The Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) business confidence index (BCI) remained unchanged at a low 41 points during the second quarter of the year, indicating that 60% of the survey respondents continued to be unhappy with prevailing...
Jun 10, 2014
South African employers expected job seekers to have moderate employment opportunities in the third quarter of the year, with the seasonally adjusted net employment outlook of the latest Manpower Employment Outlook Survey increasing to 8% – the most optimistic...
Jun 09, 2014
In order to make full use of its oceans’ potential, the South African government is in the process of developing a blue economy strategy, said the Department of Environmental Affairs. “South Africa has large ocean spaces and we are beginning to appreciate the value...
Jun 09, 2014
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A newly inked intergovernmental agreement will see South African financial institutions report information about US account holders to the South African Revenue Service (Sars), which would deliver the data to the US Internal Revenue Service (IRS). The reciprocal...
 
 
 
 
Jun 09, 2014
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South Africa has reiterated its support of a resolution by the Group of 20 (G20) Finance Ministers and central bank governors to promote the scaling-up of internal policies to deal with the “crippling” global unemployment crisis. Speaking at the ongoing 103rd session...
Jun 09, 2014
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The Labour Court has ordered the National Union of Metalworkers of South Africa (Numsa) and its members to immediately cease all “acts of violence, intimidation and lawlessness” against nonstriking workers at the Ngqura container terminal, in the Eastern Cape. Ruling...
Jun 06, 2014
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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
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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
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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
The South African Chamber of Commerce and Industry (Sacci) on Thursday expressed concern about the fact that its Business Confidence Index (BCI) for May had fallen below the 90-point level for the first time since April 2000. The BCI fell 3.7% to 88.9 in May, which...
Jun 04, 2014
GCIS acting CEO Phumla Williams
Government has welcomed the latest Foreign Direct Investment (FDI) rating, as it indicates that South Africa’s strategic partnership with investors form abroad was producing good spin-offs. This comes after AT Kearney’s 2014 FDI Confidence Index revealed that South...
Jun 04, 2014
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Skilled trades have become the most difficult positions for companies to fill in 2014, overtaking engineering positions, according to the Manpower Group South Africa 2014 Talent Shortage Survey. Engineering positions had been found to be the most difficult to fill in...
Jun 04, 2014
Business confidence among South African CEOs remained subdued in the second quarter of this year, with labour unrest in the platinum mining sector having “placed a major drain” on the economy, the latest Merchantec CEO Confidence Index has found. Although the index,...
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
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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
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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
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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...
 
 
 
 
 
 
 
 
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