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Mar 30, 2015
Over 26 companies active in the logistics, support services, oil and gas contracting and drilling, marine and rig building, fabrication and repair and wells specialist industries have shown interest in relocating their businesses to the Saldanha Bay Industrial...
Mar 27, 2015
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Mar 27, 2015
The Airports Company South Africa recently signed a memorandum of understanding (MoU) with German company Mitteldeutsche Airport Holding. The MoU was signed at the recent Air Cargo Africa 2015 conference, next to OR Tambo International Airport. "This has been two...
Mar 26, 2015
Article contains comments
A senior US embassy official has urged the South African government to address a number of mixed messages on the openness of the country to foreign investment so as to take advantage of a growing appetite among American companies for investments into the country and...
Mar 17, 2015
The shortfall on South Africa's current account deficit narrowed more than expected in the final quarter of 2014 as exports rose on reduced strike activity and improved conditions in some export destinations, the central bank said on Tuesday. In its latest quarterly...
Mar 16, 2015
The Department of Trade and Industry (DTI) is leading a delegation of 25 South African businesspeople to participate in the sixth Investment and Trade Initiative (ITI) to Moscow and Novosibirsk, Russia, from March 23 to 27. The initiative would comprise investment...
Mar 11, 2015
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on Wednesday. "But we are starting from a point of huge...
Mar 06, 2015
Mar 06, 2015
Mar 06, 2015
Mar 05, 2015
Feb 27, 2015
Feb 27, 2015
EMPOWERED SMALL BUSINESSES CDC senior BEE analyst Nolubabalo Pandle, ASAHJ Monti Projects' Xoliswa Tofi, Sidibanisa Techonolgies’ Anele Ganca, CDC SMEE unit head Andile Ntloko, and Sbongukhanyo Limited’s Phumeza Ceshemba
The Coega Development Corporation (CDC) handed out 200 certificates in the Eastern Cape and 300 certificates in KwaZulu-Natal in November 2014 to medium-sized and microenterprises (SMMEs) that had successfully completed the development agency’s Black Economic...
Feb 27, 2015
BEST PRACTICE Progressive companies are leading the way in a multicultural marketplace by infusing supplier diversity into their main business processes
South African companies should diversify their supplier base to effectively explore new markets and achieve the flexibility required to survive challenging and ever-changing business operating environments, says sustainable supplier diversity promoter the South...
Feb 27, 2015
BOTTLING FOR EXPORT The Johannesburg Chamber of Commerce and Industry’s export incubator was launched in October to assist black South African entrepreneurs in selling their products in foreign markets
In addition to the export incubator it initiated in October last year, to be formally launched later this year as part of its 125 years celebration, business promotion organisation the Johannesburg Chamber of Commerce and Industry (JCCI) will also launch a Small and...
Feb 27, 2015
EASING THE PROCESS The importance of registering a business with ease will never diminish in South Africa, as the country is always on a drive to boost entrepreneurship
Retail bank First National Bank (FNB) has noted a substantial number of newly registered businesses since the launch of the online business registration initiative collaboration, which it established in 2013 in partnership with the Companies and Intellectual Property...
Feb 27, 2015
SPOTLIGHT ON CYCLING Western Cape Economic Opportunities Minister Alan Winde last year launched the 20 km !Khwa ttu mountain bike route to support growth and jobs in the area and attract additional visitors to South Africa’s West Coast
The tourism industry will remain the Western Cape’s prominent economic growth driver, with the emergence of cycling tourism set to bring additional revenue this year, as the province aims to boost its attractiveness as a cycling hotspot in South Africa.
Feb 26, 2015
Article contains comments
Business and diplomatic travellers from South Africa's BRICS partners will receive port of entry visas into the country, Home Affairs Minister Malusi Gigaba said on Thursday. "I have approved the issuance of port of entry visas to BRICS business executives for up to...
Feb 20, 2015
BREAKING RECORDS South African vehicle sales broke all records for the month of December in 2014, with 51 462 vehicles sold
South African vehicle sales broke all records for the month of December in 2014, with 51 462 vehicles sold. Previously, the highest sales record for the month of December was in 2006, when 49 283 vehicles were sold, says advisory firm KPMG industrial, automotive and...
Feb 19, 2015
Cabinet has approved the tabling in Parliament for ratification the treaty establishing the Brazil, Russia, India, China and South Africa (Brics) Contingent Reserve Arrangement (CRA) and agreement on the New Development Bank, Cabinet said on Thursday. “The Contingent...
Feb 19, 2015
The operational improvements implemented across JSE-listed RCL Foods’ different businesses over the past year are expected to continue to contribute positively to the company’s earnings performance in an environment where economic conditions remain challenging. “The...
Feb 17, 2015
The global environment continues to be challenging, notes JSE-listed Distell, which for the six months ended December 31 reports sales volumes of 369-million litres, a 3.7% increase, growing revenue by 10.5% to about R11-billion. In the group’s unaudited results for...
Feb 12, 2015
The next 14 days will determine the fate of South African food prices over the next 12 months as the summer grains, namely maize, sunflower and soya beans, are in a “critical stage”, Grain SA CEO Jannie de Villiers advised on Thursday. “At this stage rain in the next...
Feb 12, 2015
Article contains comments
Audit, tax and advisory services firm KPMG Global Africa Practice has launched a platform to arm businesses and investors with information on doing business in Africa. The Africa Business App, available for android and IOS devices, would provide country profiles,...
Feb 11, 2015
January trade conditions have surprised to the upside, with the South African Chamber of Commerce and Industry (Sacci) reporting on Wednesday that its seasonally adjusted Trade Activity Index (TAI) had improved by six index points from December to reach 62 in the...
Feb 10, 2015
Article contains comments
Endorsing an Afrocentric development approach that aims to achieve the continent’s socioeconomic transformation by 2063, the African Union (AU) has officially adopted Africa’s Agenda 2063 framework document, which is expected to galvanise African States into...
Feb 10, 2015
As the South African Chamber of Commerce and Industry (Sacci) calls on government to foster closer collaboration between the public and private sector to ease economic burdens, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) has urged...
Feb 09, 2015
Pome and stone fruit industry stakeholders that are directly affected by the proposed continuation of registration, records and returns, and levies, in terms of the Marketing of Agricultural Products Act (MAPA) 1996, have until February 21 to submit comments, in...
Feb 09, 2015
Article contains comments
The Western Cape’s tourism, trade and investment promotion agency Wesgro has appointed former Democratic Alliance shadow Finance Minister Tim Harris as CEO from March 1. Harris, who was most recently the head of investment at the City of Cape Town, would succeed Nils...
Feb 06, 2015
With South Africa strongly focused on increasing manufacturing and growing its export market, it is important for local companies in the metallurgical sectors to apply for incentives being offered by the Department of Trade and Industry (DTI) to showcase their...
Feb 05, 2015
In its slowest start to the year since 1997, the South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) rose by one index point to 89.3 in January, reflecting a still-subdued business mood.     Describing business confidence as...
Feb 04, 2015
Article contains comments
Noting that the South African public sector spent an “enormous” R500-billion on goods and services and construction works in the 2013/14 fiscal period, National Treasury has called for various reforms of government’s strategic sourcing, procurement and supply chain...
Feb 02, 2015
Trade and Industry Minister Dr Rob Davies
A new R200-million custom-built call centre for 2 500 employees has been launched in Umhlanga, KwaZulu-Natal, by Trade and Industry Minister Dr Rob Davies. CCI Call Centres, a beneficiary of the Department of Trade and Industry’s (DTI’s) South African Business...
Jan 30, 2015
South Africa's cumulative trade deficit was R95.3-billion in 2014, the South African Revenue Service (Sars) said on Friday. In 2013, it was R71.4-billion, Sars said in a statement.
Jan 30, 2015
The South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted Trade Activity Index (TAI) increased marginally to 56 in December, compared with 54 in November.
Jan 29, 2015
Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
Jan 27, 2015
Petochemicals group Sasol and the Lion Match Company have inked a deal that will see Sasol subsidiary and candle manufacturer Price’s Candles being absorbed into Lion’s portfolio of homecare brands. Lion Match Company group CEO Alisdair Sinclair said the acquisition...
Jan 23, 2015
Article contains comments
The Department of Trade and Industry (DTI) has rejected claims by black economic-empowerment (BEE) advisory firm EconoBEE that there is likely to be a delay to the scheduled May 1 implementation of the revised BEE Codes of Good Practise. “We are on track for the May...
Jan 23, 2015
Article contains comments
President Jacob Zuma and Netherlands Prime Minister Mark Rutte have identified agriculture, ports and water and sanitation as some of the key areas to enhance cooperation between their two countries. President Zuma held a bilateral meeting with Prime Minister Rutte...
Jan 22, 2015
A new process of consultations aimed at accelerating agreements over a work programme to complete the Doha Development Agenda (DDA) has kicked off, the World Trade Organisation (WTO) said this week. During the first 2015 open-ended meeting with all members on...
Jan 15, 2015
Finance Minister Nhlanhla Nene
Finance Minister Nhlanhla Nene, accompanied by Communications Deputy Minister Stella Ndabeni-Abrahams, met with the CEOs and business executives of South Africa’s leading firms on Thursday to discuss the key messages South Africa would be taking to the World Economic...
Jan 15, 2015
The South African Chamber of Commerce and Industry’s (Sacci’s) seasonally adjusted Trade Activity Index (TAI) increased marginally to 56 in December, compared with 54 in November.
Jan 14, 2015
An artist's impression of Menlyn in 2016
International banking group Old Mutual has entered into a R10-billion asset swap transaction with business firm Pareto, involving major shopping centres Menlyn Park, in Pretoria, and Cavendish Square, in Cape Town. A media statement released on Wednesday explained...
Jan 14, 2015
JSE-listed Orion Property Holdings has disposed of its Mountain View Shopping Centre, in the Western Cape, for R27.75-million. The company noted that the sale of the property to Milprops 365 would result in a reduction of investment property of R16.29-million, a...
Jan 09, 2015
Article contains comments
International Relations and Cooperation Minister Maite Nkoana-Mashabane says South Africa is certain that the Indian government and business sector will partner with it to implement the National Development Plan (NDP). She said the two countries can jointly explore...
Jan 09, 2015
International Relations and Cooperation Deputy Minister Luwellyn Landers
South Africa has assumed the chair of the Group of 77 (G77) – the largest coalition of developing countries in the United Nations (UN), which enables Southern Hemisphere countries to articulate and promote their collective economic interests. The collective also...
Jan 05, 2015
A multidonor programme that helps developing countries become more active in global trade – the Enhanced Integrated Framework (EIF) – will have its mandate extended into a new phase, the World Trade Organisation (WTO) has announced. The EIF was currently assisting 50...
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