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Oct 30, 2012
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South Africa's latest census reaffirmed the country's chronic unemployment problem, while also confirming that there had been no let up in the ongoing urbanisation momentum. Census 2011, which was the third to be conducted since 1994, estimated the country's...
Oct 24, 2012
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China is not bleeding South Africa dry in terms of manufacturing and imports, but rather assisting in economic growth, Free Market Foundation economist Jasson Urbach said on Wednesday, adding that the majority of ordinary people in South Africa benefitted from...
Sep 28, 2012
South Africa has moved up four places to fiftieth position in the World Economic Forum (WEF) Global Competitiveness Report 2011-12, out of 142 countries surveyed. South Africa remains the highest-ranked country in sub-Saharan Africa and is placed second among its...
Sep 20, 2012
Business robberies in South Africa increased by 7.5% in the 2011/12 financial year to a ratio of 31.5, from 29.3 in the previous year, with mostly small- to medium-sized businesses targeted, the latest crime statistics have revealed. The South African Police Service...
Sep 18, 2012
The latest ‘Economic Freedom of the World’ report by Canada’s Fraser Institute has ranked South Africa at 85 out of 144 countries, a rise from a ranking of 91 in the previous year. The Free Market Foundation executive director Leon Louw said that the outlook for...
Sep 14, 2012
Unemployment remained one of South Africa’s key challenges going forward, and entrepreneurship could play a significant role in reaching the target of five-million new jobs by 2020, said financial services group Absa CE for retail and business banking Bobby Malabie...
Sep 12, 2012
A survey by the South African Chamber of Commerce and Industry (Sacci) has found that a smaller-than-expected number of small businesses were impacted by late government payments, but that they were being severely hurt. The survey, which was undertaken among Sacci...
Sep 10, 2012
A survey conducted by the Gauteng City Region Observatory (GCRO) has placed Johannesburg near the top of municipalities in Gauteng in all the indicators of basic services such as piped water, refuse collection, access to sanitation, energy and transport. The most...
Aug 17, 2012
Aug 16, 2012
Article contains comments
Aug 10, 2012
Aug 07, 2012
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
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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
Employment in South Africa's formal sector edged up 0.1% in the first quarter of 2012 compared with the previous quarter, with job increases in the mining sector and a fall in manufacturing, Statistics South Africa said on Tuesday. Africa's biggest economy is...
Jun 13, 2012
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The strong hiring prospects reported in nine of the ten measured industry sectors for the third quarter of 2012, augured well for job seekers, the latest Manpower Employment Outlook Survey showed. In the wholesale and retail trade sector employers recorded a net...
Jun 12, 2012
Building confidence in the second quarter of the 2012 fell to 27 points after increasing to 34 points in the first quarter, as perception of the industry falters, First National Bank (FNB) and the Bureau of Economic Research (BER) reported on Tuesday. However,...
Jun 08, 2012
Paper and plastic packaging group Mpact said on Friday its basic and headline earnings a share for the six months to the end of June were expected to increase by more than 20%. The company is forecasting lower estimated finance costs for the six months, compared...
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
Article contains comments
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
Article contains comments
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
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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.
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