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May 06, 2013
Article contains comments
An updated report by audit, tax and advisory firm KPMG has found that foreign direct investment (FDI) into Africa would continue to increase and what was seen currently was only the “tip of the proverbial iceberg”. Africa would continue to be one of the largest FDI...
May 06, 2013
South Africa has been at the forefront of growth in intra-African trade and broader emerging market investment during 2012, with intra-African investment showing a 33% compound growth rate, advisory firm Ernst & Young’s latest Africa Attractiveness Survey has shown....
May 06, 2013
Article contains comments
South Africa’s unemployment rate has risen from 24.9% in the last quarter of 2012 to 25.2% in the first quarter of this year, Statistics South Africa (Stats SA) reported in its latest Quarterly Labour Force Survey on Monday. This translated into an increase of 100...
May 03, 2013
The Gauteng Provincial Government (GPG) said on Friday that its departments had spent R74.7-billion, or 99%, of their budget for the 2012/13 financial year. This reflected an improvement on spending from the year before to meet the service delivery needs of South...
May 02, 2013
The seasonally adjusted Kagiso Purchasing Managers' Index (PMI) increased in April after a slight decline in March, according to figures released on Thursday. The improvement to 50.5 points in April, from 49.3 in March, was largely driven by improvements in new sales...
Apr 30, 2013
Article contains comments
A new Pulse of the People survey undertaken by research firm Ipsos has found that 38% – less than four in every ten – of adult South Africans is employed. The survey, released on Tuesday, found that 28% of the working age population were employed full-time and 10%...
Apr 26, 2013
A study by security company Check Point of 900 companies in Europe, the Middle East, the Americas and Asia Pacific, including 35 companies in South Africa, found that 63% of the companies were infected with hazardous bots. “Many of the most serious threats remained...
Apr 25, 2013
More than nine-million international tourists visited South Africa last year – an increase of 10.2% compared with 2011. South Africa’s tourist growth rate in 2012 was more than double the average global tourist growth rate of about 4%, as estimated by the United...
Apr 17, 2013
Apr 16, 2013
Apr 09, 2013
 
 
 
Apr 05, 2013
An open-access development data platform for 20 African countries has been launched, which enables users to extract and view developmental data from international and national sources, says development finance institution the African Development Bank (AfDB). “The...
Apr 04, 2013
A preliminary report by Statistics South Africa (Stats SA) has revealed that the volume of electricity consumption in South Africa decreased by 6.9% year-on-year to 17 493 GWh in February, while the seasonally adjusted electricity consumption decreased by 1.6%...
Apr 03, 2013
Business confidence in the first quarter of 2013 rose by six points, Rand Merchant Bank (RMB) and the Bureau for Economic Research (BER) reported on Wednesday. They said the RMB/BER Business Confidence Index increased to 52 in the first quarter of 2013 -- a level...
Apr 03, 2013
While the majority of South African businesspeople surveyed in advisory firm Grant Thornton’s latest International Business Report (IBR) have indicated that they would not relocate their headquarters to another country for any level of reduction in the corporate tax...
Mar 20, 2013
Article contains comments
Despite a marginal uptick in the theft of copper in South Africa from R11.1-million worth of the element in January to R11.2-million in February, the South African Chamber of Commerce and Industry (Sacci) believed the downward momentum seen in 2012 should continue...
Mar 12, 2013
The number of government institutions receiving clean financial audits has decreased, according to the 2011/12 report released by Auditor General Terence Nombembe on Tuesday. Only 117 of the 536 government institutions (22%) evaluated across South Africa achieved...
Mar 07, 2013
Of all emerging higher-growth economies, Africa was expected to provide the “most consistent and robust rates” of growth over the next 10 to 15 years, assurance, tax, transaction and advisory services company Ernst & Young said on Thursday. The group indicated that...
Mar 07, 2013
Business confidence remained under pressure in February, with the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declining to 93 points, down one point on the 94 recorded in January. The business climate fundamentals...
Mar 05, 2013
Statistics South Africa (Stats SA) on Tuesday reported moderate year-on-year producer price index (PPI) rises across agriculture, mining, electricity, water and manufacturing during January. The organisation, which published the first revamped PPI series examining...
Mar 01, 2013
The South African Federation of Civil Engineering Contractors (Safcec) and the Steel and Engineering Industries Federation of South Africa (Seifsa) are analysing the potential impact of the changes made to both the producer price index (PPI) and consumer price index...
 
 
 
 
Mar 01, 2013
The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased for the second consecutive month in February, rising to 53.6 – above the key 50-point mark for the first time since August 2012. Kagiso Asset Management research head Abdul Davids pointed out...
Feb 26, 2013
South Africa’s automotive dealers remained optimistic about new vehicle sales in the year ahead, despite expectations that growth in the new vehicle market would moderate in 2013, vehicle financier WesBank’s latest Vehicle sales Confidence Indicator (WVsCI) for the...
Feb 22, 2013
There is a direct correlation between the mobility of people, specifically their ability to move freely and seek opportunities, as well as their connectivity to communications and information sharing, and their socioeconomic wellness, a study commissioned by...
Feb 13, 2013
South Africa has maintained its position as the leading emerging economy on the African continent, ahead of Nigeria in terms of potential investment destinations, a report by global business and audit advisory firm Grant Thornton has confirmed. The report, entitled...
Feb 07, 2013
Yearly growth in South Africa’s manufacturing production fell to 2% in December 2012 from 3.7% in the previous month and was below market expectations of 2.9%. Although subdued, seven of the ten manufacturing divisions, including the petroleum, chemical products,...
Feb 07, 2013
Business confidence in South Africa remained strained, as the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) improved only marginally from 93 points in December 2012 to 94 points in January 2013. The latest BCI, released on...
Feb 05, 2013
Article contains comments
South Africa needed to get into a policy dialogue regarding its high unemployment rate, which has remained stagnant for more than a decade, Statistics South Africa (Stats SA) statistician-general Pali Lehohla said on Tuesday. He was commenting at the release of...
Feb 04, 2013
New research by global business advisory firm FTI Consulting revealed that 80% of South Africans regarded corruption as the greatest impediment to foreign direct investment (FDI) in the country. This was the result of a poll that covered more than 1 400 South...
Jan 25, 2013
Jan 16, 2013
For the fourth consecutive month, the seasonally adjusted Kagiso Purchasing Managers Index (PMI) has contracted; losing 2.1 points in December to 47.4, as challenging employment conditions in South Africa persisted. The PMI approached the key 50-point mark in...
 
 
 
 
Jan 10, 2013
The recovery in South Africa’s manufacturing production continued in November, with output up 3.4%, compared with the corresponding month in 2011, Statistics South Africa (Stats SA) revealed on Thursday. The Stats SA data suggested that the year-on-year increase,...
Dec 11, 2012
South African job prospects are set to remain downbeat in the first three months of 2013, with employers reporting one of their weakest first-quarter forecasts on record. This is according to the Manpower Group’s latest Employment Outlook Survey, which found that 9%...
Dec 10, 2012
The Public Works Minister and the nine Public Works Members of Executive Councils (Minmec) renewed their commitment to complete the immovable asset register (IAR) of State-owned properties and combat fraud and corruption. Minmec, the Department of Public Works...
Dec 06, 2012
Twenty-eight per cent of South Africans say local government cannot be trusted to deliver the services that citizens expect – a figure that has not improved in recent years, the South African Reconciliation Barometer survey, conducted annually by the Institute for...
Dec 06, 2012
Black investors hold at least 21% of the top 100 companies listed on the JSE, while the white participation level is 22%, research has revealed. Chandler & Associates research team head Trevor Chandler on Thursday said that the 21% includes 9% held directly, mostly...
Dec 06, 2012
A total of 70 502 new jobs were created in South Africa during November, recording an annualised growth of 4.4%, the Adcorp November Employment Index, released on Thursday, revealed. The JSE-listed company said that the past three months had seen the economy add...
Dec 05, 2012
Article contains comments
The perception of the prevalence of corruption in South Africa’s public sector is worsening, with the country slipping further in Transparency International’s latest Corruption Perceptions Index (CPI). The lower ranking, which places South Africa on par with its...
Dec 04, 2012
South Africa’s energy sustainability has decreased, weighed down by a sharp drop in energy security, the World Energy Council's (WEC’s) 2012 World Energy Trilemma report has shown. Impacted by a decline in the wholesale margin on liquid fuel and weak performance on...
Nov 30, 2012
Article contains comments
Cape Town is South Africa’s most productive metro, while Overstrand, also in the Western Cape, is the top local municipality, but, on average, Gauteng’s municipalities are the country’s top performers. This is according to local government data intelligence service...
Nov 27, 2012
South Africa’s gross domestic product (GDP) growth slowed in the third quarter, dragged down by a sharp contraction in the mining sector. Statistics South Africa’s (Stats SA’s) latest quarterly GDP report showed third-quarter growth of 1.2%, compared with 3.4% in...
 
 
 
 
Nov 23, 2012
South Africa and Africa, which increasingly regard further regional integration to stimulate and accelerate economic growth and foster development as crucial, are paying attention to how Southeast Asian countries used the tools of cooperation and integration to do...
Nov 20, 2012
Engineering, technology and defence group Reunert reported a 10% increase in normalised headline earnings a share to 644.4c in the financial year ended September as revenue and operating profit rose. The JSE-listed company said that it bolstered its revenue by 7% to...
Nov 08, 2012
Article contains comments
South Africa was still the most attractive foreign direct investment (FDI) destination in Africa, despite the recent negative perceptions that the country was losing momentum, said advisory firm Ernst & Young (E&Y) Africa Business Center lead partner Michael Lalor...
Nov 01, 2012
South Africa’s unemployment rate rose to 25.5% in the third quarter, from 24.9% in the previous quarter, with the number of unemployed people increasing by 197 000, Statistics South Africa (Stats SA) said in its latest Quarterly Labour Force Survey (QLFS). The agency...
Oct 30, 2012
Article contains comments
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...
 
 
 
 
 
 
 
 
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