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Aug 17, 2012
Change is brewing in terms of accelerating artisan development, says Steel and Engineering Industries Federation of South Africa (Seifsa) skills development executive Janet Lopes. With the implementation of government’s National Skills Development Strategy and a...
Aug 16, 2012
Article contains comments
Policymakers in South Africa should use a set of policy tools such as macro-prudential regulation, capital controls and exchange rate bands to create macro-financial stability, the Manufacturing Circle stated its second-quarter bulletin, published on Thursday. Iraj...
Aug 10, 2012
The African Development Bank (AfDB) announced a partnership with Mobile Accord to process mobile-based surveys in Africa, said its chief economist Mthuli Ncube at its annual meeting.
Aug 07, 2012
Business confidence plunged to a 12-year low in July, the South African Chamber of Commerce and Industry (Sacci) reported on Tuesday, as it expressed concern over the global economic slowdown and the widespread downwards revision of South Africa’s growth outlook....
Jul 24, 2012
The number of liquidations in South Africa rose by 36.5% year-on-year in June, while second-quarter liquidations increased 42.6% year-on-year, official data showed this week. Statistics South Africa (Stats SA) reported a total of 213 liquidations in June, which is...
Jul 24, 2012
Article contains comments
Jul 17, 2012
Weaker recovery in the world economy over the past three months has seen the International Monetary Fund (IMF) slightly lowering South Africa’s growth forecast for 2012 to 2.6% from 2.7% projected in April. Although 2012 growth projections for the eurozone remained...
Jul 09, 2012
Article contains comments
Black economic-empowerment (BEE) business leaders who succeeded in the past predominantly through political clout, rather than entrepreneurial initiative, were no longer regarded as iconic, a new study by the Reputation Institute South Africa has found. The survey,...
Jun 19, 2012
Jun 13, 2012
Article contains comments
Jun 12, 2012
Jun 08, 2012
Jun 04, 2012
The Cape Town International Airport received over 215 000 international travellers in the fourth quarter of 2011, which is a year-on-year increase of 14.5%, with regional and domestic arrivals also improving. This was reported in the Western Cape Investment and...
Jun 01, 2012
South African registered property loan stock company Dipula Income Fund has reported that it is on track to achieve its forecast results for the year ending August 31, 2012, with distributions for each A-linked unit of 39.685c and 27.741c for each B-linked unit,...
May 30, 2012
Despite continuing economic weakness in some parts of the world, passenger demand for air travel continued to grow, registering a 6.1% expansion last month, the International Air Transport Association (Iata) reported on Wednesday. Strong demand for air travel and...
May 28, 2012
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Africans aged between 15 and 24 currently comprise 60% of the continent’s unemployed, with 22-million of those 40-million unemployed youths having abandoned the search for a job, the latest ‘African Economic Outlook’ warns. The 2012 report, which contains country...
May 25, 2012
A Web portal, developed by the South African Institute of Chartered Accountants (Saica), aggregates all tax information on a single website, with a specific focus on new developments, legislation and important tax topics, and aims to keep tax practitioners informed,...
May 18, 2012
JSE-listed information technology company Datacentrix is seeking to grow annuity revenue by investing in skills to support its services and business solutions development, while reducing its dependence on government-related business, chairperson Gary Morolo reports....
May 16, 2012
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South Africa has performed better than its Brics counterparts in the latest World Bank logistics survey, which examines global trade logistics performance in 155 countries. In its ‘Connecting to Compete 2012: Trade Logistics in the Global Economy’ report, the World...
May 11, 2012
Banks in South Africa have a significant opportunity to connect more closely with Internet banking users to facilitate communications and use of the full scope Internet banking and online transacting, says market research company Columinate co-founder and senior...
May 11, 2012
It is imperative that the separation of glass at the source becomes a reality in South Africa.
May 04, 2012
Over 22 years after Nelson Mandela walked out of prison to realise his dream of an open and free society and 16 years after the fractious negotiations that gave rise to the country’s Constitution, the Open Society Foundation for South Africa’s (OSFSA’s) latest...
May 03, 2012
The perception of Africa as an attractive investment destination was expected to improve over the next three years, a survey by advisory services company Ernst & Young (E&Y) has found. In its ‘Building bridges: the 2012 Africa attractiveness report', E&Y stated that...
Apr 30, 2012
The World Steel Association (worldsteel) is forecasting global steel consumption growth to slow to 3.6% in 2012, from 5.6% in 2011, as China enters a less steel-intensive growth phase and eurozone debt crisis uncertainties continue to persist. Steel consumption is...
Apr 27, 2012
The Construction Industry Development Board (CIDB) is intensifying its efforts to ensure that public sector departments, agencies and State-owned companies (SoCs) begin complying with the requirement to record all tender notices and awards in its national projects...
Apr 27, 2012
South Africa’s commercial real estate market maintained modest growth over 2011, producing a 10.4% total return according to the South African Property Owners Association (Sapoa) and performance analysis company Investment Property Databank’s (IPD’s) yearly South...
Apr 20, 2012
The independent corporate finance and research company Merchantec CEO Confidence Index has attained its highest score since its inception in the second quarter of 2009, indicating a renewed optimism among South Africa’s CEOs towards the overall economic environment...
Apr 20, 2012
Pressure on margins across empowered services company Mvelaserve’s group of companies has led to a renewed focus on wage control, fuel efficiency measures and hedging, and ensuring its businesses are well run, says Mvelaserve CEO Jorge Ferreira.
Apr 12, 2012
Article contains comments
The finding of an International Monetary Fund (IMF) working paper that the rapid growth of real wages in South Africa, which outpaced labour productivity growth in most sectors, was suppressing employment creation was concerning, said the South African Chamber of...
Apr 12, 2012
The World Bank on Thursday cut China’s expected gross domestic product (GDP) growth rate for 2012 to 8.2%, from 9.4% last year, on the back of uncertainty in the global economy and the ongoing correction in its domestic property market. The China Quarterly Update, a...
Apr 10, 2012
A total of 108 826 new jobs were created in South Africa in March, an increase from the 24 000 jobs created in February and 80 000 jobs created in January, the latest Adcorp Employment Index showed on Tuesday. This was the strongest monthly showing of job creation...
Apr 06, 2012
Over a third of small and medium-sized enterprises (SMEs) are in danger of appearing irrelevant to their customers without a website, with an ever-increasing number of people searching online for products and services.
Apr 03, 2012
Article contains comments
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) for March 2012 dropped 3.8 index points to 95.7, the chamber reported on Tuesday. Following an increase of 2.4 points in February, the monthly index fell to its lowest...
Apr 02, 2012
South Africa’s seasonally adjusted South Africa’s Purchasing Managers Index (PMI) lost some of its gains in March, but at 55.1, sponsor Kagiso Asset Management said it remained at a level consistent with “robust” manufacturing sector production growth. Just as the...
Mar 30, 2012
Financial services provider to graduate professionals PPS said this week that its ‘PPS Provider’ policyholders received an accumulative total of R1.7-billion in allocations to their surplus rebate accounts (SRA) in 2011. “The R1.7-billion returned to our members is...
Mar 30, 2012
Article contains comments
Motorists will have to fork more for petrol and diesel from Wednesday, when the fuel price goes up on the back of increased global demand. Department of Energy (DoE) deputy director general of hydrocarbons and energy planning Tseliso Maqubela announced the fuel...
Mar 28, 2012
The South African Chamber of Commerce’s (Sacci’s) Copper Theft Barometer registered a R22.8-million loss in February, up 4.1% from R21.9-million in January. This was the fifth consecutive month a loss of more than R20-million was recorded, Sacci commented on Wednesday.
Mar 27, 2012
Article contains comments
The South African government is “seriously concerned” about delays and congestion at the country’s key border posts, citing inefficiencies threatening to reverse the gains in infrastructure investment, Transport Minister Sibusiso Ndebele said on Tuesday at the 2012...
Mar 23, 2012
South African agricultural services and foods group Afgri announced a 17% decline in headline earning a share for the six months ended December 31 across all operations, driven by challenging conditions in the foods market and low grain storage volumes.
Mar 22, 2012
South Africa ranked fourth in a survey asking business leaders from developed and developing countries to indicate which world market they felt offered most opportunity for rapid growth, ahead of Russia and the Middle East, independent research company Vanson Bourne...
Mar 20, 2012
World crude steel production for the 59 countries reporting to the World Steel Association (worldsteel) totalled 119-million tons in February, up 1.9% when compared with February last year, the association reported on Tuesday. China’s crude steel production for...
Mar 20, 2012
Opportunities for private equity (PE) investments beyond South Africa’s borders were starting to attract more interest from investors, Ernst & Young’s (E&Y’s) ‘Global private equity watch – a return to entrepreneurship 2012’ report said on Tuesday. South Africa...
Mar 20, 2012
The cost of security measures placed by State-owned power utility Eskom to prevent or limit copper cable theft has increased from R9.8-million in 2006, to R35.3-million in 2011. In a Parliamentary question response, dated March 2, but published on Tuesday, Public...
Mar 20, 2012
African carriers were expected to post a collective loss of $100-million this year, as airlines struggled to make full use of available capacity, while the oil price continued to rise, the International Air Transport Association (Iata) warned on Tuesday Iata...
Mar 20, 2012
The number of people employed in South Africa's formal sector inched up only 0.3% in the fourth quarter of 2011 with the manufacturing sector among the few that added jobs, Statistics South Africa said on Tuesday. Chronic unemployment remains one of the biggest...
Mar 16, 2012
Article contains comments
The small wind power market holds “enormous potential”, especially for nonelectrified areas in developing countries, yet only a handful of governments are offering specific support policies for small wind generating capacity, the World Wind Energy Association (WWEA)...
Mar 16, 2012
Prior to his Budget speech, many commentators were pondering how Finance Minister Pravin Gordhan would be able to source the taxes government required for the financial year in light of growing expenditure demands and a less robust revenue outlook. Following the...
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