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Record macadamia nut prices forecast for 2016 season

By: Tracy Hancock     12th May 2016 Hit by tumultuous market conditions in 2015, macadamia nut farmers are expected to see record prices for the 2016 season, owing to a combination of the drought in South Africa and Malawi, consistent production levels elsewhere in the world, increased demand from the US and China, and the weak... 

Low commodity prices hamper South Africa’s job creation efforts

By: Anine Kilian     26th April 2016 There is little hope that South Africa’s manufacturing, mining, electricity, construction and transport sectors will create jobs unless commodity prices strengthen, economist Mike Schüssler asserted on Tuesday. Speaking at an event hosted by union Uasa, he stated that new opportunities would have... 

Delay in employment stats concerns economist Schüssler

By: News24Wire      10th February 2016 Economist Mike Schüssler on Wednesday questioned the postponement of the release of the Quarterly Labour Force Survey (QLFS) until the day after National Budget. The release of the fourth quarter 2015 QLFS was scheduled for Monday, already a week later than usual. "Just last week I checked, it... 

Battered rand will bring pain to SA, warn economists

By: News24Wire      8th January 2016 The rand is currently at the mercy of external factors, analysts said on Friday. They were responding to the rand hitting R16.20 to the greenback on Thursday before consolidating trade for the rest of the day at around R16.10/$. 

Myeni's SAA deal could have cost SA billions – economist 

By: News24Wire      24th December 2015 South African Airways (SAA) could have cost the country an extra few billion rand if the Airbus deal was changed again, Mike Schussler of Economists.co.za told Fin24 on Thursday. "As SAA already has government guarantees of R14.5-billion and it probably needs at least another R4.5-billion to... 

SA economic decline gains momentum

By: News24Wire      14th October 2015 The economic cycle in South Africa has increased its velocity and it is not looking good, Mike Schüssler, chief economist at Economists Dotcoza, told Fin24. He was commenting on the latest BankservAfrica Economic Transaction Index (Beti) released on Wednesday. 

National Treasury aiming to implement carbon tax in mid-2016

By: Irma Venter     21st August 2015 The implementation of carbon tax in South Africa was set for the middle of next year, says National Treasury chief director of economic tax analysis Cecil Morden. “We are currently busy with the legislation, and we hope to have that legislation out within the next month or two. We are nearly... 

Carbon tax set for mid-2016 introduction, says National Treasury 

By: Irma Venter     7th August 2015 The implementation of carbon tax in South Africa was set for the middle of next year, said National Treasury chief director of economic tax analysis Cecil Morden on Thursday. “We are currently busy with the legislation, and we hope to have that legislation out within the next month or two. We are... 

SA economy not really going anywhere – Schüssler 

By: News24Wire      8th July 2015 The South African economy is sort of taking two steps forward, one step back - actually not really going anywhere regarding real growth, Mike Schüssler, chief economist at Economists dotcoza, told Fin24 on Wednesday. In looking at the latest BankservAfrica Economic Transaction Index (Beti) for... 

BMW, Nissan team up on plan to develop SA grid for electric vehicles

By: Irma Venter     12th June 2015 BMW Group South Africa (BMW SA) and Nissan South Africa (NSA) has signed a memorandum of agreement that will see the two vehicle manufacturers jointly plan and build a national grid of electric vehicle (EV) and plug-in hybrid vehicle (PHEV) vehicle charging stations for use by both Nissan and BMW... 

Winter has arrived for SA economy – expert

By: News24Wire      10th June 2015 The biggest drop in transaction volumes in more than a decade could be an indication that winter has also arrived for the economy, according to an economist. Latest figures released by BankservAfrica Economic Transaction Index (BETI) show a depressed economy but the year-on-year number is still... 

World Cup scandal may have tarnished SA's image, economist says 

By: News24Wire      29th May 2015 Revelations that two South Africans allegedly bribed Fifa with $10-million for the country to host the 2010 Soccer World Cup may have tarnished the country’s image, economist Mike Schussler said on Thursday. “The scandal has taken some of the shine off. If we’re seen as a country prepared to... 

SKF celebrates 100 years of innovation in South Africa with customers, distributors, colleagues and staff

     9th February 2015 April 12th 1914 marked an auspicious day on South Africa’s mining and industry calendar when SKF opened its doors at number 23 Pritchard Street, Johannesburg. This global knowledge engineering company, then known as SKEFKO (South Africa) Ball Bearing Company Limited, went on to become Africa’s... 

Average workers feel alone - lawyer

By: Sapa     18th February 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 employers... and that nobody cares,"... 

Inland port to be hit hard by Customs Bill 

By: Natasha Odendaal     15th March 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 Patrick Corbin said on Friday. The... 

SA in for tough ride – economist 

By: Sapa     4th October 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 economist at Investment... 

Absa launches index to assist SME development

By: Natasha Odendaal     14th September 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 on Friday. With about 50% of... 

Doubt about job seekers' grant 

By: Sapa     6th August 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. 

DMR aims to pull SA mining industry together 

By: Natasha Odendaal     6th June 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 on the sidelines of the... 

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