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Nov 12, 2015
JSE-listed Nampak expects its headline earnings a share from continuing and discontinued operations for the year ended September 30, to be between 47c and 56.3c lower than the 234.7c a share recorded in the 2014 financial year. The packaging company added that its...
Nov 12, 2015
JSE-listed multidisciplinary construction group Stefanutti Stocks’ operating profit increased 5% year-on-year to R170-million for the six months ended August 31, but its revenue from continuing operations remained unchanged from the previous year at R5.3-billion....
Nov 12, 2015
South African consumers should brace themselves for a double blow on food prices from the countrywide drought and continued rand weakness, Grain SA warned. While South Africa was still recovering from a R12-billion loss in maize production from last year, it is in...
Nov 11, 2015
The number of environmental crimes finalised with a verdict by the National Prosecuting Authority (NPA) increased by 60.6%, from 165 cases in 2013/14 to 265 cases in 2014/15, while the conviction rate increased from 87.3% to 94.7%, the National Environmental...
Nov 10, 2015
Manufacturing production increased by 0.9% year-on-year in September, while seasonally adjusted output was 2.2% higher month-on-month, Statistics South Africa (Stats SA) reported on Tuesday. The higher factory output, which BNP Paribas Cadiz Securities said was above...
Nov 10, 2015
Article contains comments
President Barack Obama has placed South Africa on Agoa notice
A senior US Embassy official said on Tuesday that “significant” progress had been made in narrowing the differences between South Africa and the US on the so-called “three meats” issue and that he was optimistic the outstanding differences would be resolved before...
Nov 10, 2015
While a recent Finscope survey has found that financial inclusion in South Africa remains stable, with 87%, or 31.2-million people served by domestic financial services, the report has suggested that the country must now move beyond the simple measurement and...
Nov 10, 2015
Seifsa chief economist Henk Langenhoven
Prospects for the metals and engineering sector remain bleak for the foreseeable future as growth tracked sideways, South Africa’s imports surpassed its exports, investments stagnated and profits plunged, the Steel and Engineering Industries Federation of Southern...
Nov 10, 2015
Nov 10, 2015
Article contains comments
Nov 09, 2015
Nov 09, 2015
 
 
 
Nov 09, 2015
Consumers have given metropolitan municipalities low satisfaction scores. This is according to a survey by the South African Customer Satisfaction Index (SAcsi) released on November 4, which measured eight of the largest metropolitan municipalities in the country.
Nov 06, 2015
The Department of Trade and Industry (DTI) is confident the US will reverse its decision to suspend some of South Africa’s African Growth and Opportunity Act (Agoa) benefits before the restrictions are implemented by the end of the year. Trade and Industry Minister...
Nov 06, 2015
As part of its corporate social investment (CSI) strategy with a focus in driving innovation and skills development, global distributor of brands in logistics, rental, fleet management and product support solutions Barloworld was one of this year’s sponsors of the...
Nov 06, 2015
Quercus Investment Partners cofounder and CEO Diego Biasi
Italian businessperson and philanthropist Diego Biasi talks to Tracy Hancock of Engineering News about his road to donating millions of rands to the Children’s Hospital Trust in aid of the Red Cross War Memorial Children’s Hospital, in Cape Town, after his success in...
Nov 06, 2015
Spanish State-owned shipbuilding group Navantia has confirmed that, if its design is chosen for the South African Navy’s (SAN’s) new offshore patrol vessels (OPVs), they will be built locally. The SAN is seeking to procure new OPVs and inshore patrol vessels (IPVs)...
Nov 06, 2015
Article contains comments
Nov 06, 2015
Nov 06, 2015
TEST RIG The test involved a large-scale application of wire strain gauges, with simultaneous data logging of over 100 channels
In conjunction with the University of Pretoria’s (UP’s) Centre for Asset Integrity Management (C-AIM), UP’s business division, Business Enterprises, which is situated at UP, has completed a series of static and fatigue tests on a locally manufactured locomotive bogie...
Nov 05, 2015
Article contains comments
Nov 05, 2015
Article contains comments
 
 
 
 
Nov 05, 2015
Article contains comments
International Relations Minister Maite Nkoana-Mashabane
South Africa as the host country for the Headquarters of the African Commission on Nuclear Energy (AFCONE), will in future play a key role in ensuring a nuclear-weapons-free world. The role AFCONE would play on the global stage when it comes to nuclear issues,...
Nov 05, 2015
Article contains comments
Minister in the Presidency Jeff Radebe
Cabinet approved the long awaited Black Industrialists Policy, Minister in the Presidency Jeff Radebe announced on Thursday. Briefing journalists at Parliament on the fortnightly post cabinet meeting, Radebe said the policy would form part of government’s plans to...
Nov 05, 2015
Article contains comments
Blade Nzimande
In the little time that Higher Education Minister Blade Nzimande spent answering questions in the National Assembly on Wednesday, he mostly went through figures for funding, including the R19.7-billion needed for university subsidies. His figures were mentioned by...
Nov 04, 2015
Despite facing headwinds, owing to lower oil prices, softening commodity prices and the slowdown in the Chinese economy, Côte d’Ivoire has managed to achieve consistent gross domestic product growth of about 9% since 2011. During a panel discussion at the EY...
Nov 04, 2015
Trade union Solidarity is preparing to challenge an urgent High Court application to have embattled steelmaker Evraz Highveld Steel & Vanadium’s (Highveld’s) business rescue plan halted and set aside. Two companies linked to Highveld's parent company LSE-listed Evraz...
Nov 04, 2015
Blade Nzimande
If government’s baseline allocation to universities did not increase, the number of university admissions would have to be reduced, the department of higher education and training (DHET) said on Wednesday. “The baseline for university funding must be increased by a...
Nov 04, 2015
Article contains comments
As one of the leading economies on the continent, South Africa is showing increasing signs of fiscal trouble. However, this could be resolved by using policy instruments to enhance the country’s industrial manufacturing capabilities, ruling party African National...
Nov 04, 2015
Operating conditions at South African private sector companies deteriorated at the strongest rate in 15 months as new orders declined at a sharper rate, the Standard Bank SA Purchasing Managers' Index (PMI) showed on Wednesday. The PMI, a composite index calculated...
Nov 04, 2015
Article contains comments
Gill Marcus
According to former Reserve Bank governor Gill Marcus, a wealth tax and an increase in VAT are not the only options to fund tertiary education. Marcus was delivering a keynote address at the annual Helen Suzman Memorial Lecture in Johannesburg on Tuesday evening. She...
Nov 03, 2015
Companies wanting to make short-term investments for short-term returns should not invest in Africa, fast-moving consumer goods (FMCG) producer Kellogg sub-Saharan Africa CEO Gerald Mahinda said on Tuesday. Speaking during a panel discussion at the EY Strategic...
 
 
 
 
Nov 03, 2015
The International Chamber of Commerce South Africa (ICCSA) on Monday appointed Werksmans arbitration group head Des Williams as chairperson, succeeding past chairperson Chose Choeu. The organisation reelected Patrick Corbin as director and also appointed South...
Nov 03, 2015
Small and medium-sized enterprises (SMEs) in Africa are not being taken seriously, but other States on the continent can learn from the strategy South Africa is implementing to promote growth in this sector, Small Business Development Minister Lindiwe Zulu told...
Nov 03, 2015
Article contains comments
The Democratic Alliance (DA) has accused the African National Congress (ANC) of ramming the Protection of Investment Bill through the Portfolio Committee on Trade and Industry‚ despite the objections of the DA‚ other opposition parties and the overwhelming majority...
Nov 03, 2015
It was “quite apparent that something was starting to give” in South Africa’s economy, said Citibank economist Gina Schoeman on Tuesday. Speaking at a breakfast meeting hosted by Ford, she said the country had become a 1% economy, with economic growth slipping from...
Nov 02, 2015
Minister Rob Davies
Sector Charter Councils have been given until November 15 to submit aligned sector codes to Trade and Industry Minister Dr Rob Davies for approval, the Department of Trade and Industry (DTI) warned on Monday. It added that all existing codes submitted for approval...
Nov 02, 2015
The seasonally adjusted Barclays Purchasing Managers’ Index (PMI) declined further below the neutral 50-point mark to 48.1 in October, from 49.9 index points in September. The headline index remained stuck below 50 for a third consecutive month, suggesting that the...
Nov 02, 2015
An A400M on the Final Assembly Line in Seville
European aerospace company Airbus Defence and Space has reported continuing market success. "We keep growing not only the number of planes [on order] but the number of our customers and the number of countries," highlighted company military aircraft sales head...
Oct 30, 2015
The final selection for the first batch of 200 high-potential businesses in a new Department of Small Business Development growth acceleration programme is currently under way. Every year for the next ten years, 200 promising, high-potential entrepreneurs would be...
Oct 30, 2015
Article contains comments
South Africa remained divided into two economies and, a year after its establishment, the Department of Small Business Development (DSBD) was working relentlessly to narrow the rift, Minister Lindiwe Zulu said on Friday. South Africa’s “first” economy was modern,...
Oct 30, 2015
A new Web-based matchmaker system that pairs up small, medium-sized and microenterprises (SMMEs) with potential government and private sector financiers has been launched to unlock access to finance for aspiring entrepreneurs. Finfind, launched at the second National...
 
 
 
 
Oct 30, 2015
Article contains comments
The new Damen Shoalbuster 3009S offshore supply vessel Aukwatowa after being named, with, in the foreground (left to right) Damen Chairman Sam Montsi, Minister Rob Davies, ship’s sponsor (Mrs) Jenny Coltman and De Beers Group Services Chairman Craig Coltman
Trade and Industry Minister Dr Rob Davies has highlighted the job creation and investment benefits to the country from a R1.4-billion contract to build two offshore supply vessels in Cape Town. He was speaking on Thursday at the naming of the first of the two craft....
Oct 30, 2015
A little over a week after delivering his Medium-Term Budget Policy Statement to Parliament as students protesting under the #FeesMustFall campaign amassed outside, Finance Minister Nhlanhla Nene on Friday confirmed that additional funds would be committed to...
Oct 30, 2015
As of next year, accredited training provider MSC Artisan Academy will implement what it calls ‘blended training’ for artisans, which it hopes will stimulate self-learning and e-learning for its students owing to technological advancements being incorporated into the...
Oct 30, 2015
At the thirty-fifth State-owned power utility Eskom Expo International Science Fair held earlier this month, learners from Gauteng excelled and took home the most number of prizes valued at over R2.5-million.
Oct 30, 2015
Small South African defence company Twiga Services has recently started sea trials with its latest product, an 8.5 m long military patrol boat. Manufactured out of high density polyethylene (better known as HDPE) it is designated the Rugged 850 Military Patrol Boat...
 
 
 
 
 
 
 
 
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