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Nov 04, 2014
The levels of corporate income tax (CIT) collected by the South African Revenue Service (Sars) are only now beginning to recover from the 2008 financial crisis, Sars said on Tuesday. "If you look at 2008/09, the year before the recession or the year where the...
Oct 31, 2014
While South Africa may have the strongest reputation in Africa, the nation needed to enhance harmony with the continent’s other inhabitants to further spread the benefits of the “Africa rising” trend through boosting regional trade. Brand South Africa (SA) had been...
Oct 31, 2014
Following four months of improvements, the South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer increased to R13-milllion in September, up from R12-million the month before. This was the fourth monthly increase in the “relatively...
Oct 22, 2014
Development financier Eastern Cape Development Corporation (ECDC) on Tuesday reported a stable balance sheet for the 2013/14 financial year, boasting a net asset value of R1-billion at year-end. Speaking at the financier’s performance results at the ECDC headquarters...
Oct 20, 2014
Article contains comments
Violence and intimidation during times of employee strike action has become commonplace and altering South Africa’s legislation is unlikely to end the aggressive stance taken by disgruntled workers. South Africa’s “root problem” was not only the consequence of a...
Oct 15, 2014
A survey of all 475 JSE-listed companies has revealed that South African company directors, CEOs and CFOs are still predominantly white and male; however, there are “hopeful” signs of transformation within the younger generation. Research into the qualifications and...
Oct 14, 2014
Uninspiring economic growth, difficulties in recovering from labour disruptions, the financial pressures facing households and below-par export volumes were contributing to restrained trade conditions, with the South African Chamber of Commerce and Industry’s...
Oct 07, 2014
Article contains comments
Business confidence in South Africa remained at an undesirably low level in September, leaving the South African Chamber of Commerce and Industry (Sacci) concerned about the lack of urgency in terms of how the business concerns reflected in its Business Confidence...
Oct 02, 2014
Sep 30, 2014
Sep 29, 2014
Sep 29, 2014
 
 
 
Sep 19, 2014
Sacci CEO Neren Rau
The South African Chamber of Commerce and Industry (Sacci) on Friday expressed concern about the marked increase in crimes against business, evident in the 2013/14 crime statistics released by the South African Police Service (SAPS). Sacci CEO Neren Rau said the 13%...
Sep 12, 2014
DINESH KUMAR Strategic use of procurement to support local production and services will benefit from the development of specialist procurement skills in Africa
Procurement is recognised as an increasingly strategic function of organisations that can add significant value to the procurement spending of African countries and companies, but requires skills and knowledge, says advisory firm KPMG South Africa associate director...
Sep 12, 2014
Since its decision to invest in existing equipment instead of buying new products, nylon web slings and endless round polyester slings manufacturer and distributor Kelmeg Lifting Services (KLS) has experienced significant growth over the past two years, with...
Sep 09, 2014
Article contains comments
South Africa has the worst maths and science teaching in the world according to a World Economic Forum (WEF) global competitiveness report. The country came last, 144th out of 144 countries, for maths and science teaching, according to the report released on Monday.
Aug 29, 2014
Article contains comments
The amount owed to municipalities for services has continued to rise, reaching R94-billion by June, compared with the R93.3-billion recorded in December. Households still accounted for the bulk of the aggregate municipal consumer debts; however, this had declined...
Aug 29, 2014
LUSAPHO NJENGE New services include accessing information on incentives available to SMEs and market information to support their growth and access to information
The performance of government and the services it and development agencies provide can significantly improve the establishment and growth of small and medium-sized enterprises (SMEs), according to SME Survey 2014. The threat of crime is the main concern of SMEs, with...
Aug 28, 2014
The South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer decreased to a level of R12-million in July, down from R12.2-million in June and R15.4-million in May. This was the second monthly drop since February, with Sacci expressing hope...
Aug 22, 2014
Various stakeholders have expressed optimism that the Small Business Development Ministry, created after the national elections in May, will add much needed impetus to enterprise development in South Africa, where a strengthening of the entrepreneurial culture is...
Aug 20, 2014
South Africa’s crude steel production fell 1.5% year-on-year to 610 000 t in July, compared with the 619 000 t produced in July 2013. However, according to the latest World Steel Association (worldsteel) statistics, Africa’s crude steel output rose 21.2% year-on-year...
Aug 18, 2014
Article contains comments
Four of South Africa’s universities have made it into the top 500 institutions recognised in the 2014 Academic Ranking of World Universities undertaken by the Center for World-Class Universities at Shanghai Jiao Tong University. The rankings, which focus primarily on...
 
 
 
 
Aug 15, 2014
Article contains comments
A series of global megatrends could see people radically changing how they live their lives in future. The Growth, Innovation and Leadership (GIL) 2014 Africa summit in Cape Town this week unpacked trends ranging from shifts in the way people managed their health to...
Aug 14, 2014
Residents of Gauteng are happy with service delivery but have no faith and trust in the people elected to lead them, a survey released on Thursday found. "People just don't want efficient government, they want a clean and transparent government that is approachable,"...
Aug 08, 2014
The Department of Labour (DoL) plans to open the Employment Equity (EE) reporting season exactly one month after the promulgation of amendments to the regulations. The EE reporting period, compelling all employers – small or large – to review and report their EE...
Jul 31, 2014
Gauteng MEC for Finance Barbara Creecy on Thursday welcomed the significant improvement of the audit outcomes of municipalities in South Africa’s most populous province. The Auditor-General’s 2013 financial year audit outcomes released on Wednesday showed that, of...
Jul 31, 2014
South Africa’s population is estimated to be at 54-million with the life expectancy of the population at 61-years of age, Statistics South Africa (Stats SA) announced on Thursday. Stats SA released the Mid-year Population Estimates stated that life expectancy has...
Jul 30, 2014
While unauthorised expenditure by South Africa’s municipalities has declined year-on-year, irregular expenditure has recorded a R2-billion increase as municipalities failed to follow legislated procurement procedures, the latest Auditor-General South Africa audit has...
Jul 09, 2014
South Africa avoided a technical recession, but sporadic economic growth was not enough to shake off economic stagnation, according to BankservAfrica's Economic Transaction Index (Beti) released on Wednesday. The Beti showed the economy recovered a little in June...
Jul 08, 2014
Business confidence remained subdued in June as “further adverse economic developments” resulted in the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) remaining below 90 index points for a second month. The June BCI improved...
Jul 03, 2014
June data for banking and financial services organisation HSBC’s latest Purchasing Managers’ Index (PMI) for South Africa points to a further deterioration in operating conditions at South African private-sector companies, with the headline PMI falling fractionally...
Jul 02, 2014
Confidence levels in the growth prospects of small and medium-sized enterprises (SME) in South Africa dropped during the first quarter of 2014. The 2014 first quarter Business Partners SME Index showed a 3% quarter-on-quarter decline, with 52% of the business owners...
 
 
 
 
Jun 27, 2014
Business analytics and the use of near real-time, detailed information generated by such systems are increasingly being used in departments other than the conventional use in companies’ financial departments, improving agility across various business processes, a...
Jun 24, 2014
The number of people employed in the formal nonagricultural sector of the South African economy increased by about 9 000 persons, or 0.1%, from December last year to an estimated 8.5-million employees in March, Statistics South Africa’s (Stats SA’s) latest Quarterly...
Jun 18, 2014
Article contains comments
The number of households living in informal dwellings remained stubbornly high with nearly 14% of South Africa’s 15-million households living in such lodgings. The North West recorded the highest percentage at 22.1%, Statistics South Africa’s (Stats SA’s) latest...
Jun 13, 2014
Article contains comments
Government would remain committed to maintaining fiscal sustainability and keeping its debt within manageable levels, the National Treasury stressed on Friday following ratings agency Fitch’s revision of South Africa’s outlook from stable to negative. “Indeed, fiscal...
Jun 09, 2014
Article contains comments
A newly inked intergovernmental agreement will see South African financial institutions report information about US account holders to the South African Revenue Service (Sars), which would deliver the data to the US Internal Revenue Service (IRS). The reciprocal...
Jun 05, 2014
The South African Chamber of Commerce and Industry (Sacci) on Thursday expressed concern about the fact that its Business Confidence Index (BCI) for May had fallen below the 90-point level for the first time since April 2000. The BCI fell 3.7% to 88.9 in May, which...
Jun 04, 2014
Business confidence among South African CEOs remained subdued in the second quarter of this year, with labour unrest in the platinum mining sector having “placed a major drain” on the economy, the latest Merchantec CEO Confidence Index has found. Although the index,...
Jun 03, 2014
The issuing of smart ID cards is making good progress, with the Department of Home Affairs reporting that it has passed the 300 000 mark. Home Affairs Department on Tuesday said it has issued more than 300 000 smart ID cards since they were introduced last year.
Jun 03, 2014
Investor confidence in South Africa has improved in 2014, reveals a report from a global management consulting firm released on Monday. South Africa climbed two spots to become the thirteenth most attractive destination for foreign direct investment globally, said...
Jun 03, 2014
Article contains comments
The department of basic education on Monday rejected a World Economic Forum (WEF) report about the state of the country's maths and science education. "The report is not a credible or accurate reflection of the state of education in South Africa," the department said...
 
 
 
 
Jun 02, 2014
Article contains comments
The quality of South Africa's maths and science education places it last out of 148 countries, according to a World Economic Forum (WEF) report. Under the "skills" sub-category, the quality of South Africa's maths and science education comes in last place, behind the...
May 28, 2014
The salaries of middle to high income earners continued to grow despite "significant" stagnation in the economy, according to the latest BankservAfrica Disposable Salary Index (BDSI) released on Wednesday. Monthly salaries of R100 000 or more were not considered when...
May 22, 2014
As the economies of the US and Europe recover, large emerging markets are unable to keep up on competitiveness, a preview of a yearly competiveness report by Switzerland-based global business school IMD states. The IMD World Competitiveness Yearbook (WCY), which will...
May 14, 2014
Business confidence remained unchanged in April, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday, stating that its Business Confidence Index (BCI) declined by 0.1 index points to 92.6, after having improved by 0.9 index points in March....
May 08, 2014
Yearly manufacturing production growth surprised on the downside in March, slowing to 0.7% from 1.5% in February and falling short of market growth expectations of 2.5% year-on-year. Responding to figures released by Statistics South Africa (StatsSA) on Thursday,...
 
 
 
 
 
 
 
 
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