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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
Apr 30, 2012
Apr 27, 2012
Apr 27, 2012
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
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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
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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
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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.
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
Opportunities for private equity (PE) investments beyond South Africa’s borders were starting to attract more interest from investors, Ernst & Young’s (E&Y’s) ‘Global private equity watch – a return to entrepreneurship 2012’ report said on Tuesday. South Africa...
Mar 20, 2012
The cost of security measures placed by State-owned power utility Eskom to prevent or limit copper cable theft has increased from R9.8-million in 2006, to R35.3-million in 2011. In a Parliamentary question response, dated March 2, but published on Tuesday, Public...
Mar 20, 2012
African carriers were expected to post a collective loss of $100-million this year, as airlines struggled to make full use of available capacity, while the oil price continued to rise, the International Air Transport Association (Iata) warned on Tuesday Iata...
Mar 20, 2012
The number of people employed in South Africa's formal sector inched up only 0.3% in the fourth quarter of 2011 with the manufacturing sector among the few that added jobs, Statistics South Africa said on Tuesday. Chronic unemployment remains one of the biggest...
Mar 16, 2012
Article contains comments
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 (WWEA)...
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, while...
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
Article contains comments
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
Article contains comments
Feb 29, 2012
Feb 29, 2012
Article contains comments
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 countries...
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
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