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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...
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...
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...
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...
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
Mar 20, 2012
Mar 20, 2012
Mar 20, 2012
Mar 16, 2012
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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...
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...
Mar 14, 2012
Trade conditions had a slow start in January, but gained momentum during February, the South African Chamber of Commerce and Industry said on Wednesday. The chamber’s nonseasonally adjusted Trade Activity Index (TAI) increased by nine points to 57 in February,...
Mar 13, 2012
Building confidence in the first quarter of the year jumped to its highest level since the final months of 2010, boosted by higher confidence among contractors, building material manufacturers and quantity surveyors. The First National Bank (FNB) and the Bureau of...
Mar 12, 2012
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About 85% of water-intensive users among the JSE’s Top 100 companies are exposed to water-related risk, with 70% believing that their operations could be directly affected in the near term, a report revealed on Monday. However, most companies still needed to...
Mar 08, 2012
Cement sales increased to 884 700 t in February, statistics released by the Cement & Concrete Institute (C&CI) showed on Thursday. This was a 7.4% year-on-year increase and a 13.6% increase on the 779 003 t sold in January.
Mar 07, 2012
South African companies would remain risk and sales focused this year, as they sought to manage the international economic changes and additional domestic costs burdens, credit solutions provider Coface said on Wednesday, as it outlined the main gross domestic...
Mar 02, 2012
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Feb 29, 2012
Feb 29, 2012
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Determining the correct rate for a carbon tax in South Africa is a fine balancing act, National Treasury deputy director-general Ismail Momoniat said on Wednesday. Speaking at the launch of conservation organisation Worldwide Fund for Nature (WWF) South Africa’s...
Feb 28, 2012
It is ‘business unusual’ across the globe as economic parameters are out of the normal range of growth and expectations, economic analyst UBS head of emerging markets research Costa Vayenas said this week. The global economic landscape is changing, with...
Feb 28, 2012
The total value of copper stolen increased to R21.9-million in January from R20.9-million in December, marking a monthly increase of 4.8%, as registered by the South African Chamber of Commerce and Industry (Sacci) Copper Theft Barometer. The January figure exceeded...
Feb 28, 2012
Consumer credit health is improving in South Africa, with households experiencing improved budget conditions, which supported the retail sector, market intelligence firm ETM Analytics head strategist Russell Lamberti said on Tuesday. Speaking at the launch of credit...
Feb 27, 2012
The number of liquidations in January decreased by 36.1% year-on-year, Statistics South Africa (Stats SA) reported on Monday. It attributed the decline to a 48.1% decrease in the number of voluntary liquidations. Company liquidations dropped by 37.8%, while close...
Feb 24, 2012
Multichannel retailing or selling to the public, through a mix of shops, online or catalogue, is a trend that is dominating retailer strategies globally.
Feb 17, 2012
Feb 17, 2012
Less than 105 000 matriculants out of the 496 000 that sat for their final exams in 2011, are able to pursue studies in engineering this year.
Feb 17, 2012
Despite another rollercoaster year, finance professionals in South Africa have shown notable resilience to the ongoing turbulence of the global economy, states the 2011 members’ salary survey carried out by the Chartered Institute of Management Accountants (CIMA).
Feb 16, 2012
Employment has increased among higher-income groups in South Africa, while many of the country's lowest earners have lost their jobs, according to a transformation audit released on Wednesday.
Feb 10, 2012
Finance Minister Pravin Gordhan, who will present South Africa’s 2012 Budget on February 22, will need to strike a difficult balance between finding the resources required to implement growth-supporting policy objectives and debt sustainability, Deloitte economist...
Feb 08, 2012
The Business Confidence Index (BCI) of the South African Chamber of Commerce and Industry (Sacci) dipped to 97.1 in January, the lowest level since May 2010, when the BCI registered 96.7. The BCI briefly increased by 1.7 points in December, to 99.1. The January 2012...
Feb 03, 2012
Construction development company Business & Marketing Intelligence (BMI) Building Strategy Research Unit principal consultant Dr Llewellyn Lewis has called on the Competition Commission to reverse its decision to prohibit the centralised publication of cement use...
Jan 30, 2012
Article contains comments
The Proudly South African “Buy Local” campaign has called on all its member companies, partners and supporters to rally behind Corruption Watch, the anti-corruption watchdog launched last week. “As proud South Africans, we have to unite to put an end to...
Jan 23, 2012
Article contains comments
The total number of insolvencies for the first eleven months of 2011 decreased by 30.2% to 2 584, compared with 3 703 in the first eleven months of 2010, Statistics South Africa (StatsSA) reported on Monday. A year-on-year decrease of 17.3%, from 335 to 277, was...
Jan 20, 2012
The prevalence of internal economic crimes committed by senior management in companies in South Africa has risen to 36% from 17% in 2009, reflecting these crimes’ requirements of sensitive information and sophisticated skills to perpetrate, says...
Jan 18, 2012
The seasonally adjusted Kagiso Purchasing Managers Index (PMI) lost some ground in December, falling by 2.2 index points to below the key 50 mark, and currently stands at 49.4. The seasonally adjusted new sales orders index experienced a decline of 2.9 index points...
Jan 17, 2012
Article contains comments
The world economy was at a critical juncture with United Nation (UN) economists predicting that 2012 would be a critical year to either maintain slow economic recovery or slip back into a recession. Persistent high unemployment, the eurozone sovereign debt crisis...
Jan 17, 2012
The findings of the Auditor General's annual government audit are "scandalous" and heads should roll, trade unions and the Democratic Alliance said on Tuesday.
Jan 16, 2012
Several government departments have come under fire in a report by Auditor-General Terrence Nombembe who found a series of irregularities, poor financial controls and reporting by departments. Nombembe today released details of audit findings for the 2010/2011...
Jan 12, 2012
Article contains comments
South Africa’s manufacturing output grew by 2.6% year-on-year in November, after a 1.2% year-on-year expansion in October, Statistics South Africa (Stats SA) reported on Thursday. The improvement was mainly attributable to the basic iron and steel, nonferrous...
Jan 11, 2012
Article contains comments
The South African National Roads Agency Limited (Sanral) has registered more than 200 000 account units for e-tolling on Gauteng Freeway Improvement Project (GFIP), which is set to go live next month. The agency said on Wednesday that 212 906 accounts have been...
Jan 10, 2012
Article contains comments
South African tertiary institutions are failing to produce enough graduates in business-oriented fields, staffing solutions company Adcorp said on Tuesday, releasing its December Employment Index. The report pointed to there currently being nearly 600 000 unemployed...
Jan 10, 2012
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) has increased by 1.7 index points, from 97.4 in November to 99.1 in December. While this was the first increase since business confidence started its decline in April,...
Dec 14, 2011
Article contains comments
Global market uncertainty continues to hamper South Africa’s employment growth, with initiatives that would otherwise have had positive influences on employment, such as international entrants to the country and government job creation schemes, not delivering...
Dec 13, 2011
Article contains comments
South Africa provided about 59 000 new formal jobs for people in the nonagricultaral sector during the third quarter of this year, the latest quarterly employment statistics survey (QES), undertaken by Statistics South Africa (Stats SA), showed on Tuesday. This was...
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