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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
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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
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Jun 09, 2014
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Jun 05, 2014
Jun 04, 2014
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
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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
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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,...
May 05, 2014
An extensive loss of jobs in the informal sector led to a 0.6% expansion in unemployment to 25.2% during the first quarter of 2014, as the number of unemployed increased 4.9% quarter-on-quarter, the latest Statistics South Africa (Stats SA) Quarterly Labour Force...
Apr 25, 2014
It had been expected, but not, I think, so soon. And the scale was greater than expected. So it came as quite a jolt. I am, of course, referring to Nigeria’s rather dramatic leapfrogging of South Africa to become by far the biggest African economy. This followed the...
Apr 24, 2014
South African producer price inflation (PPI) again surpassed expectations in March, registering growth of 8.2% year-on-year from the 7.7% recorded in February, climbing to its highest level since February 2012 on the back of rising domestic price pressures, BNP...
Apr 18, 2014
Implementing big data analytics processes and enabling business intelligence systems are not information technology (IT) exercises, and require active involvement of relevant parts of a business to ensure the resultant capabilities meet future operational...
Apr 18, 2014
Business analysis systems expose the true performance of a business to enable daily operations to be cognisant of business performance and conditions, and executives to test and validate their strategic concepts using real performance data, says business intelligence...
Apr 15, 2014
South Africa recorded its highest ever tourism month in December, a new Statistics South Africa (StatsSA) report shows, with a total of 937 792 overnight travellers, or tourists, of which 263 771 were from overseas and 668 045 from the rest of the continent. For 2013...
Apr 10, 2014
As the distinction between the ‘developed’ and ‘underdeveloped’ world becomes more blurred, businesses and organisations aiming to meet the requirements of the next wave of globalisation need to adapt as “powerful” new players “disrupt the global landscape”. The...
Apr 09, 2014
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Transitioning to a green economy can help the world mitigate rising unemployment levels, particularly at a time when youth unemployment is peaking. Globally, in 2013, 202-million people were unemployed, up five-million on the previous year, said International Labour...
Apr 08, 2014
Article contains comments
South Africa’s businesses will face increasing pressure to transform as the African National Congress (ANC) is pressed by opposition parties and the nation’s poor to combat unemployment and inequality. Two decades after the country’s inaugural democratic elections,...
Apr 04, 2014
DENNIS DYKES The Nedbank Small Business Index aims to provide a clearer measurement of the state of the small-business sector
Business confidence in the small business sector remained subdued in the last quarter of 2013, which reflected the impact of a challenging economic environment, according to the fourth-quarter survey results of the Nedbank Small Business Index (NSBI) last month.
Apr 03, 2014
While some companies still primarily focus on financial value as the benchmark against which to gauge their performance, more companies have realised the importance of moving beyond the paradigm of doing “just business”, a survey by Tshikululu Social Investments...
Apr 03, 2014
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Statistics South Africa (StatsSA) statistician general Pali Lehohla revealed on Thursday that, based on an upper-bound poverty level (UBPL) of R620 a month, some four-million South Africans have been lifted out of poverty since 2006, leaving 45.5% of citizens, or...
Mar 24, 2014
The Mogale City central business district (CBD) is set to get a facelift once the local municipality implements its Social Housing Policy, executive mayor Koketso Seerane said last week. The Gauteng-based city was currently finalising the Social Housing Policy, which...
Mar 21, 2014
The Federation of Gujarat Industries (FGI) hopes that its recent nine day trade mission to South Africa will, on its own, generate at least $10-million in bilateral trade. So stated FGI senior VP and mission head Janak Seth at a trade briefing in Sandton (north...
Mar 18, 2014
Article contains comments
Business confidence in the small business sector remained subdued in the last quarter of 2013, which reflected the impact of a challenging economic environment, revealed the fourth quarter survey results of the Nedbank Small Business Index (NSBI).
Mar 11, 2014
Six out of ten respondents in a survey conducted by Rand Merchant Bank (RMB) and the Bureau for Economic Research (BER) were unhappy with prevailing business conditions, the RMB/BER first quarter Business Confidence Index (BCI) has shown. The BCI fell by two points...
Mar 07, 2014
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The economic slowdown and significant tariff increases have weighed on consumers ability to pay for municipal services, leaving municipalities chasing debts of R93.3-billion by December. According to the National Treasury’s ‘Local government revenue and expenditure’...
Mar 06, 2014
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) for February regained the 1.4 index points lost in January, with six subindices improving, three unchanged and four declining month-on-month. However, despite the BCI...
Mar 05, 2014
The Saldanha Bay industrial development zone (IDZ), in the Western Cape, is set to get a financial boost as the Western Cape government and “a range” of other stakeholders are expected to invest more than R1-billion over the next few years. Western Cape Finance,...
Mar 04, 2014
As confidence returns to the real estate industry following the global financial crisis, the industry needs to gear up to adapt to a “fundamental shift” that will “shape its future” over the next six years, a new report by professional services firm PwC revealed on...
Feb 27, 2014
The annual percentage change in the producer price index (PPI) for final manufactured goods was 7% in January this year, Statistics SA said on Thursday. This was up from 6.5% in December last year.
Feb 21, 2014
There is no direct correlation between capital expenditure on roads and the amount set aside for maintenance and rehabilitation, says South African Local Government Association Roads and Transport planning specialist Sibulele Dyodo. This results in some roads being...
Feb 19, 2014
Consumer price inflation, measured by the consumer price index (CPI) increased by 0.4% to 5.8% during January, Statistics South Africa (Stats SA) said on Wednesday, adding that, on average, prices increased by 0.7% between December 2013 and January 2014. Stats SA...
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...
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