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Feb 12, 2014
Corruption Watch on Thursday called on the CEOs of leading companies to explore opportunities for collaboration and involve business as an active partner in combating corruption. “Corruption Watch’s very existence is anchored in the widely held belief that corruption...
Feb 03, 2014
Amid persistent challenges, the seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) started the year unchanged at 49.9 points, while the business activity and new sales orders indices weakened, as demand remained subdued. The business activity index fell for...
Jan 22, 2014
Jan 14, 2014
The escalating cost of doing business was currently the biggest concern facing the private sector, a survey by the South African Chamber of Commerce and Industry (Sacci) has found. According to Sacci’s 2013 Annual Survey, which polled 64 businesses with at least 24...
Jan 09, 2014
The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) performed better in December 2013 than in November 2013 month-on-month, with the BCI increasing by 1.1 index points to 91.9 in December  from 90.8 in November. Although this is...
Dec 13, 2013
A financial and services management system, developed by enterprise resource giant SAP, enables rigorous financial management, process management and service delivery in small and large cities, says SAP Africa public sector head Alvin Paules. “The system, called...
Dec 10, 2013
Despite an uptick in year-on-year manufacturing output, the outlook for the manufacturing sector remained subdued, banking group Nedbank’s economic unit said on Tuesday. Against the market consensus of a 2.1% contraction and a 3.3% decline in September, Statistics...
Dec 05, 2013
The South African Chamber of Commerce & Industry’s (Sacci’s) Business Confidence Index (BCI) had one of its worst performances month-on-month in November, with none of the subindices improving on their October levels and six subindices maintaining the previous...
Dec 03, 2013
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Dec 02, 2013
Nov 19, 2013
Nov 13, 2013
Nov 06, 2013
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined slightly by 0.3 points to 91.1 in October, with major activities like manufacturing output, retail sales and new vehicle sales contributing to the downward...
Nov 05, 2013
The number of financially included South Africans has grown considerably, from 28.7-million in 2012, to 30.7-million this year, the latest FinScope South Africa survey shows. The study, released by FinMark Trust on Tuesday, attributed the growth in the number of...
Oct 29, 2013
South Africa’s unemployment rate improved to 24.7% for the third quarter of the year, Statistics South Africa (Stats SA) said on Tuesday. This was as a result of an increase of 308 000 in the number of employed individuals, while the number of unemployed individuals...
Oct 21, 2013
If the “right messages” emerged from the upcoming Medium-Term Budget Policy Statement (MTBPS), South Africa could avoid another ratings downgrade, Business Unity South Africa (Busa) said on Monday. The MTBPS, which was expected to be released on Wednesday, should...
Oct 04, 2013
Unpleasant new customer registration experiences among all mobile telecommunication service providers in Africa highlight generally poor, but uneven, customer experiences and poor customer retention, says global advisory firm KPMG Advisory partner Frank Rizzo. “In...
Oct 03, 2013
Business confidence improved marginally by 0.9 index points to 91.4 during September, the South African Chamber of Commerce and Industry (Sacci) reported on Thursday. “This was the first time in five months that the business confidence index (BCI) moved significantly...
Sep 18, 2013
Professional services firm Grant Thornton International’s 2013 Global Dynamism Index (GDI) has revealed that South Africa’s main growth drivers were underperforming, having made the country a less attractive place to do business over the past 12 months. South...
Sep 18, 2013
The number of strikes last year in South Africa hit a five-year high, the labour department said on Wednesday. A total of 99 strikes were recorded in 2012, close to half of them unprotected or illegal strikes, and many of them characterised by violence, Department of...
Sep 13, 2013
NORBERT SASSEGrowthpoint Properties reports a distribution growth of 7.2% for the year ended June 30
Growthpoint Properties reports a distribution growth of 7.2% for the year ended June 30, outperforming its original forecast and delivering on higher performance prospects announced at its half-year presentation earlier this year.
Sep 11, 2013
Minister in the Presidency Collins Chabane
Eighty per cent of government departments do not comply with service delivery requirements, according to a report released by Minister in the Presidency Collins Chabane on Wednesday. "This situation is an anomaly, given that improving service delivery is a priority...
Sep 06, 2013
WILLIAM BROOKSThe Synergy Income Fund reports a strong set of results for its financial year ended June 30, 2013, delivering on its forecast distribution growth to unitholders
Specialised retail property fund Synergy Income Fund’s R334-million acquisition of Atlantis City Shopping Centre came into effect earlier this month, which will boost the fund’s property portfolio to 15 assets across South Africa, with a combined value of R2.2-billion.
Sep 03, 2013
Business confidence moved further into negative territory in the third quarter, declining by six points quarter-on-quarter to 42, the latest Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) data shows. Close to three-fifths of respondents in the RMB/BER...
Aug 28, 2013
The South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer decreased to R10.5-million in July, compared with R11.1-million in June, confirming that the month-on-month increase between May and June was not the start of a new upward trend in...
Aug 08, 2013
South Africa’s business confidence remained nearly unchanged in July, ending up by a marginal 0.5 points to 90.7, the South African Chamer of Commerce and Industry (Sacci) reported on Thursday. On a year-on-year basis, six sub-indices of the Business Confidence Index...
Aug 05, 2013
Agriculture employs 5.2% of the workforce but only accounts for 2.5% of annual gross domestic product (GDP), statistician general Pali Lehohla said on Monday. "Agriculture contributes 2.5% of GDP, but in terms of employment agriculture punches above its weight with...
Aug 01, 2013
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) remained above the key 50-point mark for the fourth consecutive month in July when it increased marginally by 0.6 points to 52.2, but challenging market conditions persisted. Kagiso Asset Management head...
Jul 26, 2013
South Africa’s aquaculture industry, though still in its infancy, has been identified by government as a key priority sector because of its potential to supplement dwindling wild-caught fish stocks with cultured fish products.
Jul 23, 2013
Private equity deals are an important and efficient force for driving black economic empowerment (BEE) in South Africa, the South African Venture Capital and Private Equity Association (Savca) has said. It noted that this was reflected in the large share of...
Jul 11, 2013
The Statistics South Africa (Stats SA) manufacturing data released on Thursday revealed the fragility of the industry, said Manufacturing Circle executive director Coenraad Bezuidenhout. Manufacturing production growth slowed to 2.2% during May, from 7.1% growth in...
Jul 10, 2013
While debt capital markets would not reach the record high of R121.69-billion achieved in 2012, the still buoyant local market was forecast to issue R116-billion in bonds this year. This was revised upwards from an initial forecast of R104.5-billion, as...
Jul 09, 2013
The International Monetary Fund (IMF) revised South Africa’s forecast growth for this year down to 2% in its latest World Economic Outlook (WEO), marking a fall of 0.8% from the fund’s April forecast. Projections for the country’s economic growth in 2014 was also...
Jun 14, 2013
Hosted by JSE-listed cement major PPC, industry stakeholders and members of the media came together last month to recognise Africa Day 2013 and to discuss infrastructure development on the continent. This year’s Africa Day, an annual celebration commemorating the...
Jun 14, 2013
The supply chain skills gap has increased significantly and is negatively impacting on the competitiveness of the South African economy, says University of Johannesburg researchers Rose Luke and Gert Heyns in the 2012 Supply Chain Skills Gap Survey.
Jun 05, 2013
A new study by global payments technology company Visa has placed South Africa first among 11 African countries in terms of economic integration. The first Visa Africa Integration Index, which was launched on Wednesday, measures the degree of economic integration...
Jun 04, 2013
Business confidence moved back into negative territory during the second quarter, after confidence faltered in four of the five sectors surveyed in the latest Rand Merchant Bank (RMB) and Bureau for Economic Research (BER) Business Confidence Index (BCI). The RMB/BER...
May 31, 2013
South Africa’s trade deficit widened to R15.02-billion in April, from R7.8-billion in March, with exports of R65.43-billion and imports of R80.45-billion during the month, the South African Revenue Service (Sars) said on Friday. The trade deficit exceeded the...
May 28, 2013
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Engineering positions were still the most difficult for companies to fill, Manpower Group South Africa’s Talent Shortage Survey 2013 has shown. Although drivers and skilled trades were second and third in 2012, management positions and teachers had taken these spots...
May 23, 2013
South Africa's provinces have spent R28.4-billion, or 92.2%, of their R30.8-billion capital budgets in the 2012/13 financial year – an increase of 9.1% on the previous financial year, the National Treasury reported on Thursday. The lowest rate of capital expenditure...
May 17, 2013
Standard Bank Group (SBG) has recently released its 2012 ‘Sustainability Report’ and says its sustainability programmes are mutually reinforcing and have served the company well.
May 17, 2013
Outsourcing and shared service use in South Africa are mainly driven by companies seeking to reduce operational costs and support growth strategies for expansion into Africa, says KPMG shared services and outsourcing associate director Fritz Dannhauser. The KPMG...
May 15, 2013
Trade conditions in South Africa improved faster than expected in April, in part owing to the Easter long weekend having shifted to March this year, the South African Chamber of Commerce and Industry (Sacci) reported on Wednesday. It added that growth in new vehicle...
May 07, 2013
The Department of Basic Education has allotted R6.63-billion of its R17.59-billion budget for the 2013/14 financial year to develop and improve school infrastructure. The funds would be transferred to the provincial education departments through the Education...
May 07, 2013
A new survey by assurance, tax, transaction and advisory services company Ernst & Young (E&Y) has found that an alarming number of management and employees are turning a blind eye to the risks of inaccurate or manipulated financial reports and unethical behaviour as...
May 07, 2013
South Africa could do better with a youth wage subsidy than without, statistician general Pali Lehohla said on Monday. "There is a problem of skills, a problem of experience, and a problem of getting into a system," Lehohla said in Johannesburg.
May 06, 2013
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An updated report by audit, tax and advisory firm KPMG has found that foreign direct investment (FDI) into Africa would continue to increase and what was seen currently was only the “tip of the proverbial iceberg”. Africa would continue to be one of the largest FDI...
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