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Topic - Mike Schussler
Feb 18, 2014
Average workers, particularly in the mining sector, feel alone because government has neglected their needs, John Brand, director of law firm Bowman Gilfillan, said on Tuesday. "The average worker feels that they have been deserted by government, unions, and...
Mar 15, 2013
The closure of Johannesburg’s inland port seemed to be a "done deal" as Parliament deliberated the recently tabled Customs Control Bill that would leave the City Deep container depot invalid, Chamber of Commerce and Industry Johannesburg (JCCI) former president...
Oct 04, 2012
South Africans can expect a tough two years ahead as the economy feels the pinch of strikes, analysts said on Thursday. "Unless we have sensible heads putting their hands up now, we're going to see a [downward] spiral for the next few years," said Chris Hart, senior...
Sep 14, 2012
Unemployment remained one of South Africa’s key challenges going forward, and entrepreneurship could play a significant role in reaching the target of five-million new jobs by 2020, said financial services group Absa CE for retail and business banking Bobby Malabie...
Aug 06, 2012
The ANC's proposed job seekers' grant has been met with far less enthusiasm than the abandoned youth employment subsidy. "The job seekers' grant will have nowhere near the impact the youth wage subsidy would have had," said Adcorp labour market analyst Loane Sharp.
Jun 06, 2012
The Department of Mineral Resources (DMR) aimed to initiate collaboration between all mining industry stakeholders to mitigate the industry’s current challenges and underpin its position as a significant economic driver in South Africa. Addressing a press conference...
Nov 29, 2011
South Africa’s third-quarter economic growth data came in below expectations on Tuesday as mining and manufacturing contracted. Third-quarter gross domestic product (GDP) increased by 1.4%, which was below market expectations of a 1.8% increase, but slightly higher...
Sep 23, 2011
The need to focus on innovation in the piping industry is significant to ensure economic growth in any country.
Jul 19, 2011
May 11, 2011
May 03, 2011
Apr 28, 2011
Apr 28, 2011
Rocketing commodity prices spurred a material acceleration in South Africa’s producer price index (PPI) to 7,3% year-on-year in March 2011, up from 6,7% in February 2011. The development has increased fears that South Africa’s consumer price index (CPI), which...
Apr 05, 2011
The building cost per kilometre spent on the Gauteng toll road project is between 106% and 228% more expensive than that of equivalent global road improvement projects, according to research by economist Mike Schussler. The research report presented on Tuesday at...
Feb 22, 2011
South Africa’s economy grew by 4,4% in the final quarter of 2010, while growth for the year came in at 2,8%, Statistics South Africa (Stats SA) reported on Tuesday. This compares with the upwardly revised 2,7 % annualised growth posted in the third quarter and above...
Feb 08, 2011
South Africa’s unemployment rate fell slightly to 24% of its labour force in the fourth quarter of 2010, from 25,3% in the third quarter, with the number of unemployed people decreasing by 259 000 people, a report released on Tuesday showed. The Statistics South...
Nov 25, 2010
Evidence that South Africa's economic growth is slowing is raising fears the government has done too little and acted too late to boost growth in one of Africa's biggest economies. South Africa, seen as the gateway to other African markets, had enjoyed uninterrupted...
Oct 15, 2010
The Steel and Engineering Federation of South Africa (Seifsa), whose members more or less reflect the country's manufacturing base, is conducting a study into whether it should support calls for government to intervene to weaken the rand. The South African currency...
Jul 01, 2010
Aurora – the company controlling the Orkney and Grootvlei mines formerly owned by Pamodzi Gold – may be setting new labour standards, economist Mike Schussler said on Thursday. "The example of people working for free at the Aurora mines shows how desperate the...
Jul 01, 2010
Attached please find a press release on: South Africa, currently boasting the lowest adult employment ratio in Africa, needs to rethink its employment creation.
Jul 01, 2010
May 25, 2010
South Africa’s gross domestic product (GDP) grew by 4,6% in the first quarter of this year, exceeding market expectations, which had forecast growth of about 4%. The first-quarter expansion compares with a 3,2% rise in the final quarter of 2009, and was the highest...
Apr 02, 2010
Gauteng’s economy has turned around after the recession last year with the manufacturing sector making a strong comeback. economist Mike Schüssler was recently quoted on, saying the province’s private sector economy fell by only 5.5% on an...
Feb 16, 2010
Economists expect little real intervention from Finance Minister Pravin Gordhan when he pronounces on the thorny issues of inflation targeting and the exchange rate in his first annual Budget on Wednesday amid sustained public debate on both. Econometrix chief...
Dec 03, 2009
Power utility Eskom's chief officer: generation, Brian Dames, acknowledged that Eskom costs had risen sharply in recent years, but insisted that the utility's facilities were still operating in the lowest-cost quartile globally. Speaking at a conference organised by...
Nov 19, 2009
South Africa could have the world's most expensive electricity if Eskom gets it tariff increases, an economist said on Thursday. "South Africa's electricity is more expensive than electricity in the US, Israel and Mexico and if Eskom gets its 45% increase every year...
Oct 08, 2009
South Africa was unlikely to see a straight V-shaped economic recovery, an economist said on Thursday, after the country’s manufacturing output contracted by 15% year-on-year in August, reversing the small improvement registered in July, when output contracted by...
Sep 11, 2009
One more interest rate cut is needed for South Africa to shake off the recession, according to the latest monthly Sake24 and BoE Private Clients provincial barometers released on Friday. The study provides a view of the private sector economy health of four...
Jul 09, 2009
The manufacturing sector seems to have reached a turning point with some positive signs of a potential turnaround, although a recovery in growth was not expected to occur soon, economists agreed. Data by Statistics South Africa (Stats SA) on Thursday showed a 17,1%...
Jun 19, 2009
Electricity parastatal Eskom was guilty of price discrimination, economist Mike Schussler said on Friday. He was addressing a conference hosted by the National Consumer Forum in Midrand. Schussler said the residential sector always bore the brunt of tariff...
Jun 12, 2009
The business environment in South Africa would remain challenging in the months to come, with the country’s gross domestic product (GDP) expected to show a 2% decline for 2009, Credit Guarantee Insurance Corporation senior economist Luke Doig asserted. Doig...
Jun 11, 2009
Jun 10, 2009
South Africa’s manufacturing output declined by a record 21,6% year-on-year in April, with the country recording its lowest manufacturing output since January 2004. Statistics South Africa (Stats SA) on Wednesday reported that the basic iron and steel, nonferrous...
Jan 22, 2009
South Africans remained optimistic about the immediate future of the economy, the MasterCard Worldwide Index of Consumer Confidence published on Thursday found. The Index is based on a survey that measures consumer confidence on prevailing expectations in the market...
Sep 19, 2008
The Gautrain project team has commissioned a new study into ticket pricing for the rapid-rail link, following sharp increases in the petrol price, and the proposed tolling of Gauteng's highways, set to kick off in 2010.
Sep 05, 2008
Aug 29, 2008
Of the 15-km underground route of the rapid-rail Gautrain system, nearly 8 km has been excavated. Read on page 34 of this edition of Engineering News of the high-tech boring machine that is being used to excavate the tunnel between Park station and Rosebank station,...
Aug 29, 2008
Aug 21, 2008
Jun 27, 2008
The Department of Minerals and Energy (DME) on Friday announced that from July 2, 95 grade petrol retail prices would be raised by 81c/l, to R10,70, and 93 octane petrol would increase by 79c/l. The wholesale price of all sulphur grades of diesel would also go up,...
Jun 18, 2008
The National Energy Regulator of South Africa (Nersa) on Wednesday granted Eskom an average tariff increase of 27,5% for the 2008/9 financial year, which included the 14,2% it had already granted the state-owned power utility in December last year. This would allow...
Jun 18, 2008
Jun 02, 2008
May 30, 2008
Not only would diesel prices have increased by 71c/l next Wednesday, but diesel would now be 73% higher year-on-year, which is the largest year-on-year increase ever, T-sec economist Mike Schussler told Engineering News Online on Friday. This comes as the Department...
Apr 30, 2008
Apr 24, 2008
Mar 19, 2008
State-owned power supplier Eskom's call on Tuesday for a 53% electricity tariff increase, or 60% in nominal terms, has been met with grave concern, with analysts, economists, trade unions and even the ruling party expressing anxiety over the impact on the...
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