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Apr 25, 2014
Updated 6 hours ago Hong Kong-listed property development group Shanghai Zendai has outlined ambitious plans for the development of an R84-billion 22 km2 “city” on the sprawling Modderfontein property the company bought from South African chemicals group AECI for R1-billion in...
Apr 25, 2014
Updated 6 hours ago In Ernest Hemingway’s novel The Sun Also Rises, the question “How did you go bankrupt?” is posed. The response: “Two ways. Gradually, then suddenly.” For South Africa, the ‘gradually, then suddenly’ analogy could just as well be applied to the...
Apr 25, 2014
Updated 6 hours ago Statistics released by the Department of Trade and Industry shows that March new vehicle sales dipped 0.2%, to 55 363 units, compared with the same month last year. The South African new car market remained under pressure during March and, at 36 798 units, declined...
Apr 24, 2014
DPE director-general Tshediso Matona
Department of Public Enterprises (DPE) director-general Tshediso Matona confirms that the interdepartmental task team established to find a solution to Eskom’s financial problems has agreed that further support will be required. However, he says it is premature to...
Apr 17, 2014
A specialist in finance and energy says South Africa's electricity prices are too low and unsustainable. “We are under-pricing electricity by at least a factor of two,” Bridge Capital Refco director Dudley Baylis told Engineering News Online.
Apr 17, 2014
The power and water sector will come together in May to discuss challenges and celebrate successes at the annual African Utility Week and Clean Power Africa in Cape Town. More than 5 000 power and water professionals, including utility heads from Nigeria, Uganda,...
Apr 15, 2014
The power and water sector will come together in May to discuss challenges and celebrate successes at the annual African Utility Week and Clean Power Africa in Cape Town. More than 5000 power and water professionals, including utility heads from Nigeria, Uganda,...
Apr 15, 2014
The Accent hatchback
Affordability is “becoming more and more of an issue” in the South African new car market, “especially if the interest rate goes up between 0.5% or 2% before the end of 2014”, says Hyundai Automotive South Africa (HASA) marketing director Stanley Anderson....
Apr 11, 2014
Apr 11, 2014
Apr 10, 2014
Apr 09, 2014
 
 
 
Apr 09, 2014
Democratic Republic of Congo has improved its business environment but plans to raise mining taxes could deter investors in a country where massive infrastructure challenges remain, the CEO of a major foreign miner said. Pieter Deboutte, manager of the Fleurette...
Apr 08, 2014
The global copper market is expected to post a moderate surplus this year, which will result in copper prices remaining under pressure, the fifth instalment of Thomson Reuters’ ‘GFMS Copper Survey 2014’ has found. The average yearly price was expected to fall...
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
Ambatovy plant, Madagascar.
In its attempt to shake up the board of diversified miner Sherritt International, Halifax-based investment firm Clarke Inc on Thursday named its three nominees for election to the Sherritt board at the Toronto-based mining company’s annual and special meeting on...
Apr 03, 2014
The Human Resources Development Council (HRDC), chaired by deputy President Kgalema Motlanthe on Wednesday, at its fourteenth meeting, pledged its support to recommendations made by the Technical Task Team on Enabling Entrepreneurship, specifically with regard to...
Mar 28, 2014
African countries need to channel their resources to activities in industry, manufacturing and modern services to create more employment and improve the welfare of vulnerable groups, United Nations Economic Commission for Africa deputy executive secretary Abdalla...
Mar 28, 2014
The European Union (EU) has appointed the Development Bank of Southern Africa (DBSA) as its fund manager for a €100-million programme designed to accelerate the preparation of social and economic infrastructure projects in South Africa and the broader region. Known...
Mar 25, 2014
Description We have an exciting vacancy for a Wind Farm General Manager. The ideal candidate must have solid experience in management, preferably in engineering.  S/he will be responsible for overseeing and managing all operations of the wind farm, including...
Mar 25, 2014
Gauteng finance MEC Mandla Nkomfe
While there is significant small, micro and medium-sized enterprise (SMME) activity taking place in Gauteng it is not yet enough as South Africa is targeting an economy driven not only by big business and government but also by the multiplicity of SMMEs, Gauteng...
Mar 24, 2014
High-level representatives from the Brics (Brazil, Russia, India, China and South Africa) alignment met on the sidelines of the Nuclear Security Summit, in The Hague, Netherlands, on Monday, reflecting on the political developments in their regions and reviewing...
 
 
 
 
Mar 24, 2014
“South Africa Inc. is at a critical juncture in our development as a country” African Utility Week and Clean Power Africa have joined forces with the South African Institute of Electrical Engineers to host two days of free, practical, CPD-accredited technical...
Mar 21, 2014
Mining personality Gina Reinhart has secured a $7.2-billion funding package for the Roy Hill iron-ore mine, in Western Australia. The debt package, which completes the funding for the $10-billion project, comprises loans and guarantees from five export credit...
Mar 21, 2014
The top three countries from which South Africa imported vehicles in 2013 were India, at number one, with 97 167 vehicles, with South Korea second, at 62 058 units, and Germany third, at 56 997 units, says Standard Bank vehicle and asset finance head Sydney Soundy....
Mar 21, 2014
Women-owned companies tend to face various challenges, including a smaller turnover and fewer employees because of the different goals women have when starting a business, but regardless of this, South African businesswomen progress better than many of their global...
Mar 20, 2014
Alternative finance provider Franco-Nevada Corp late on Wednesday announced that it had changed its monthly dividend policy to once a quarter in an attempt reduce the foreign exchange exposure to shareholders. As a result of the change, the company raised the...
Mar 20, 2014
Aim-listed Premier African Minerals has entered into an option agreement with Toronto-listed AgriMinco, granting the multicommodity natural resources group the exclusive option to buy AgriMinco's 30% interest in the Danakil potash project, in Ethiopia. On exercise of...
Mar 18, 2014
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 18, 2014
Australia’s Export Finance and Insurance Corporation (EFIC) has granted mining giants BHP Billiton and Rio Tinto a $100-million loan for the Escondida mine, in Chile. The loan will help finance Escondida’s organic growth 1 project, which involves the...
Mar 13, 2014
DBSA CEO Patrick Dlamini and EU Ambassador Roeland van de Geer
The European Union (EU) has appointed the Development Bank of Southern Africa (DBSA) as its fund manager for a €100-million programme designed to accelerate the preparation of social and economic infrastructure projects in South Africa and the broader region. Known...
Mar 11, 2014
South Africa’s job market will remain relatively flat during the second quarter of the year, with a net employment outlook of 0%, the latest Manpower Employment Outlook Survey has shown. This outlook, representing limited opportunities for job seekers, was down...
 
 
 
 
Mar 11, 2014
Volkswagen Financial Services, finance arm of the German auto maker, has joined forces with South African vehicle and asset finance company, WesBank, to form Volkswagen Financial Services South Africa (VFSSA). Volkswagen Financial Services owns 51% of the new finance...
Mar 10, 2014
Sunell Technology is one of the leading security solution provider and manufacturers, dedicated to Research and Development for the professional security industry, focusing on market demand, and driving innovation to ensure existing, and future market demands are...
Mar 03, 2014
Nedbank Capital's Haaris Zafar
Nedbank Capital, the investment banking business of the Nedbank Group, has appointed Haaris Zafar principal for mining merger and acquisition (M&A) activity in Africa. The company said in a statement on Monday that Zafar, based at Nedbank’s London office, would be...
Mar 03, 2014
New Version of Infor M3 Provides CAT Dealers with a Long-Term Platform for Managing Growth, Handling Complexity and Boosting Profitability www.infor.com , a leading provider of business application software serving more than 70,000 customers, has announced the...
Feb 28, 2014
INNOVATIVE DESIGN Cape Town has been voted as the World Design Capital for 201
The biggest growth potential or geographical dispersion of economic activity in the Western Cape lies in the Cape metropolitan area, and the adjacent Cape Winelands district, where 85% of the real value is generated through production, states the Western Cape...
Feb 28, 2014
The Western Cape has consistently outperformed seven of the nine provinces in South Africa in terms of average yearly growth from 2001 to 2011, according to trade, investment and promotion agency Wesgro’s 2013 report. The province’s economy averaged 4.1% growth...
Feb 27, 2014
It is too late for South Africa to prevent national debt reaching 44% of GDP within the next two years, finance director general Lungisa Fuzile said on Thursday. "We are too close to 2016," he said after a Treasury briefing to Parliament's finance committees, a day...
Feb 26, 2014
Feb 21, 2014
“South Africa Inc. is at a critical juncture in our development as a country” African Utility Week and Clean Power Africa have joined forces with the South African Institute of Electrical Engineers (SAIEE) to host two days of free, practical, CPD-accredited...
Feb 14, 2014
Is the end of the current sales growth cycle in sight for the South African motor industry? Following a massive 25.9% drop in new-vehicle sales in 2009, compared with 2008, on the back of a global recession, the local market strengthened 24.7% in 2010, 16.1% in 2011...
 
 
 
 
Feb 14, 2014
Following a massive 25.9% drop in new-vehicle sales in 2009, compared with 2008, on the back of a global recession, the local market strengthened 24.7% in 2010, 16.1% in 2011 and 9% in 2012. Last year, growth slowed to 3.2%, to 650 620 units.
Feb 13, 2014
After almost three years in the making, a recently ratified partnership between World Bank member the International Finance Corporation (IFC) and niche business bank Mercantile Bank has resulted in the establishment of a rental asset finance facility for South...
Feb 11, 2014
South Africa’s unemployment rate decreased by 0.4% to 24.5% during the fourth quarter of 2013, mainly owing to an increase in informal-sector employment, Statistics South Africa (Stats SA) said on Tuesday. During the quarter the country’s employment levels rose...
Feb 07, 2014
INFRASTUCTURE DEVELOPMENT As infrastructure development is critically important for South Africa's economic growth‚ it cannot be left for governments and the banks to invest alone, different forms of funding is needed
The growing need for large-scale infrastructure projects in South Africa creates an opportunity for the private sector to provide financing through project bonds and nonbank lending, professional services firm PwC argues.
Feb 06, 2014
Ship repair company Elgin Brown & Hamer  Namibia, part of the DCD Marine cluster, has worked hard to become an employer of choice in Namibia.  One of the ways the company has done this is through actively developing its employees, providing ideal opportunities in...
 
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