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Apr 04, 2014
The quarterly Absa Small and Medium- (SME) sized enterprises, which measures the number of actively participating SMEs in South Africa’s economy, remained flat in the fourth quarter of 2013, increasing by only 0.1% from the third quarter to indicate the existence...
Apr 04, 2014
Despite the Ninth Ministerial Conference of the World Trade Organisation (WTO), held in Bali, Indonesia, from December 3 to December 7 2013, having resulted in some important agreements, South Africa remains uneasy about the current trends in global trade...
Apr 04, 2014
DENNIS DYKES The Nedbank Small Business Index aims to provide a clearer measurement of the state of the small-business sector
Business confidence in the small business sector remained subdued in the last quarter of 2013, which reflected the impact of a challenging economic environment, according to the fourth-quarter survey results of the Nedbank Small Business Index (NSBI) last month.
Apr 03, 2014
While some companies still primarily focus on financial value as the benchmark against which to gauge their performance, more companies have realised the importance of moving beyond the paradigm of doing “just business”, a survey by Tshikululu Social Investments...
Apr 03, 2014
Professional services firm PwC on Thursday announced that it had successfully completed its acquisition of management consulting firm Booz & Company, with all closing conditions for the deal having been met. Booz & Company would now change its name to Strategy&,...
Apr 03, 2014
Private equity (PE) in Africa is becoming a more established asset class in the region’s investment landscape and continues to outperform comparable listed equities indexes, the second yearly joint study by the African Private Equity and Venture Capital Association...
Apr 03, 2014
Article contains comments
Statistics South Africa (StatsSA) statistician general Pali Lehohla revealed on Thursday that, based on an upper-bound poverty level (UBPL) of R620 a month, some four-million South Africans have been lifted out of poverty since 2006, leaving 45.5% of citizens, or...
Apr 03, 2014
Derek Hanekom
Science and Technology Minister Derek Hanekom on Wednesday launched the Department of Science and Technology (DST) and the National Research Foundation’s (NRF’s) new Centre of Excellence (CoE) in Scientometrics and Science, Technology and Innovation (STI) Policy...
Apr 03, 2014
Apr 01, 2014
Mar 31, 2014
Article contains comments
Mar 31, 2014
 
 
 
Mar 28, 2014
African countries need to channel their resources to activities in industry, manufacturing and modern services to create more employment and improve the welfare of vulnerable groups, United Nations Economic Commission for Africa deputy executive secretary Abdalla...
Mar 28, 2014
Zimbabwe's struggling economy will continue to face challenges this year, with minimal growth expected, the International Monetary Fund said on Thursday. "The macroeconomic environment is expected to remain challenging in 2014, and the outlook is for continued...
Mar 28, 2014
Dr Max Price
Higher Education South Africa (HESA) announced the appointment of its deputy chairperson, Dr Max Price, as interim chairperson of the HESA board. Price has led the University of Cape Town (UCT) since July 2008, where he was instrumental in elevating UCT’s status to...
Mar 28, 2014
Article contains comments
Liezl Smith
The perception of the supply chain profession is in the main; all about conveyor belts, forklifts, procurement and logistics yet the opportunities for engineers to make their mark and enhance their scope of work is great. The answer to the question as to where...
Mar 28, 2014
Broadband communications, and the services and information enabled by this, are becoming so entrenched in society that its use can increasingly be likened to other utility services, such as water and electricity, says networking giant Cisco South Africa MD Alpheus...
Mar 28, 2014
Unemployment and poverty continue to affect previously disadvantaged South Africans, which have sparked interest from public-development finance institution Agence Française Développement (AFD) – also known as the Development Agency of France – to assist in...
Mar 28, 2014
Globalisation. Love it or hate it, it is the economically dominant phenomenon of today. As much free trade as possible encompassing as many countries as possible, to mutual benefit and enrichment. Many countries have enjoyed rapid economic growth. Of course, when...
Mar 28, 2014
With more than 150 years of providing financial services and support to the agriculture sector, South African financial institute Standard Bank remains at the forefront of agricultural development with key partnerships with major agricultural role players, aimed at...
Mar 27, 2014
Article contains comments
Unions in the metal and engineering industry would press for increases of between 15% and 20% during the 2014 wage negotiations, which formally kicked off on Wednesday March 26 with a prebargaining conference. None of the unions were keen to pursue another multiyear...
Mar 27, 2014
SARB governor Gill Marcus
Consumers should plan ahead to meet all their financial needs as interest rates may rise, economists warned on Thursday. The South African Reserve Bank announced the repo rate will remain unchanged at 5.5%, but sounded a warning of increases to come.
 
 
 
 
Mar 27, 2014
As Nigeria’s economy continues to post promising growth figures, the State’s ability to maintain economic momentum will rely on its ability to diversify its economy away from a hefty reliance on its burgeoning oil and gas sector. “As soon as an economy focuses...
Mar 26, 2014
Article contains comments
The Department of Trade and Industry (DTI) this week officially unveiled a new training centre that would “catapult” South Africa’s nuclear protection status to new levels, said the centre’s acting CEO Xolisa Mabhongo. The DTI contributed R3-million towards...
Mar 25, 2014
While defending the broad ambitions of government’s various industrial and economic policies, Department of Trade and Industry (DTI) chief economist Stephen Hanival has conceded that the objectives of these policies – and of any amendments to them – have often...
Mar 25, 2014
Article contains comments
Gauteng finance MEC Mandla Nkomfe
While there is significant small, micro and medium-sized enterprise (SMME) activity taking place in Gauteng it is not yet enough as South Africa is targeting an economy driven not only by big business and government but also by the multiplicity of SMMEs, Gauteng...
Mar 24, 2014
The Mogale City central business district (CBD) is set to get a facelift once the local municipality implements its Social Housing Policy, executive mayor Koketso Seerane said last week. The Gauteng-based city was currently finalising the Social Housing Policy, which...
Mar 24, 2014
Western Cape premier Helen Zille
New employment equity regulations will, if implemented, have a "profound" impact on jobs in the Western Cape, premier Helen Zille warned on Monday. Tabling a R1.02-billion budget for her department of the premier in the provincial legislature, she told members the...
Mar 24, 2014
Article contains comments
As a result of the growing global interest in the concept of the blue economy and the use of oceans to unlock potential, South Africa is developing a blue economy strategy, the Department of Environmental Affairs (DEA) said last week. As part of this process,...
Mar 21, 2014
Markets that can provide robust growth for specific industries remain the focus of trade show exhibition company Singapore Exhibition Ventures (Singex) to enable its exhibitors to access lucrative and sustainable business opportunities, says Singex CEO Aloysius...
Mar 21, 2014
The Federation of Gujarat Industries (FGI) hopes that its recent nine day trade mission to South Africa will, on its own, generate at least $10-million in bilateral trade. So stated FGI senior VP and mission head Janak Seth at a trade briefing in Sandton (north...
Mar 21, 2014
The Department of Science and Technology (DST) is very happy with the success of the South African Research Chairs Initiative (SARChI), reports DST Director General Dr Phil Mjwara. He was speaking following the recent announcement by Deputy President Kgalema...
 
 
 
 
Mar 20, 2014
Following the release of the Black Management Forum (BMF) Corporate Management Competency Index research, which found that “females were rated as more competent than males by their male counterparts, while females rated males as more competent than themselves”,...
Mar 20, 2014
Financial services group Vunani, which is in the process of finalising its results for the year ended December 31, 2013, expects to swing to basic earnings a share of about 9.9c from a loss of 0.2c for the 2012 fiscal year. The JSE-listed company also expected...
Mar 20, 2014
The South African Institution of Civil Engineering (SAICE) has noted that transformation is running smoothly in the civil engineering industry.
Mar 20, 2014
The African Development Bank will lend the Tunisian government $2.1-billion in 2014 and 2015 to support the country's economy, the bank said in a statement. Tunisia is one of the three main clients of the bank and has already received $1-billion loans in 2011 and 2012.
Mar 19, 2014
Article contains comments
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies has decided to extend the transitional period for the recently revised Broad-Based Black Economic-Empowerment (B-BBEE) codes of good practice to the end of April 2015. The new-look codes were published on October 11, 2013,...
Mar 19, 2014
Neslon Mandela
Eastern Cape Development Corporation (ECDC) CEO Sitembele Mase has been suspended following allegations of unauthorised use of funds, the ECDC board said on Wednesday. "The board wishes to note that suspension is a neutral act intended to minimise disruption to the...
Mar 18, 2014
Following the stalling of wage negotiations between Johannesburg-listed Afrox and the Chemical Energy Paper Printing Wood and Allied Workers Union (CEPPWAWU), which represents some 10% of the gas provider’s workforce, the union has notified Afrox of its intention...
Mar 18, 2014
Article contains comments
The number of people employed in the formal nonagricultural sector of the South African economy increased by about 38 000 persons, or 0.4%, from September 2013 to an estimated 8.5-million employees in December 2013, the December Quarterly Employment Statistics (QES)...
Mar 18, 2014
Article contains comments
Energy Minister Dikobe Ben Martins
Notwithstanding the work that government has done to promote economic regulation in South Africa, a lot more still has to be done, Energy Minister Dikobe Ben Martins said on Tuesday. Speaking at the second South African Economic Regulators Conference, cohosted by the...
Mar 18, 2014
Article contains comments
Business confidence in the small business sector remained subdued in the last quarter of 2013, which reflected the impact of a challenging economic environment, revealed the fourth quarter survey results of the Nedbank Small Business Index (NSBI).
 
 
 
 
Mar 17, 2014
New research from Grant Thornton’s International Business Report (IBR) reveals that businesses in developed markets look set to drive global business growth prospects in 2014, while peer economies in Brazil, Russia, India and China (Bric countries) and other...
Mar 17, 2014
South Africa's biggest union has called a one-day strike for Wednesday to highlight youth unemployment in the country, where one in four people are jobless, the union said. The 340 000-member National Union of Metalworkers of South Africa (Numsa) drew its members...
Mar 14, 2014
President Jacob Zuma
President Jacob Zuma said at the launch of the Solomon Mahlangu Scholarship Fund on Friday that government recognised education as an “apex priority” for the country, adding that his administration viewed education as an instrument of freedom and development and...
Mar 14, 2014
With 218 students set to graduate nationally from State-owned power utility Eskom’s Development Foundation (EDF) contractor academy by the end of this month, EDF CEO, Haylene Liberty-Nel, notes that the greatest milestone of the foundation to date has been the...
Mar 14, 2014
While the construction industry is still recovering from the effects of the 2008 global recession, government needs to provide the industry with some reassurance that it will provide a consistent workload in the construction industry to reduce the effect of the...
 
 
 
 
 
 
 
 
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