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Basil Read to proceed with business rescue plan

By: Marleny Arnoldi 28th September 2018 JSE-listed construction group Basil Read’s business rescue plan was approved by 99% of creditors and 98% of independent creditors during a shareholder’s meeting on Thursday. Basil Read entered into voluntary business rescue in June and its business rescue plan was published in August. →

Hogan Lovells sheds light on business rescue in construction industry

By: Marleny Arnoldi 27th September 2018 In light of a struggling construction sector in South Africa and many companies going into liquidation or business rescue, and with the business rescue success rate only 10% on average for companies in South Africa, law firm Hogan Lovells says it is crucial for construction companies to carefully... →

Machine learning, knowledge management tools changing legal industry

By: Schalk Burger 14th September 2018 The legal profession, as with most other knowledge professions, is changing through the use of machine learning tools applied to ensure that legal information is leveraged and disseminated efficiently to lawyers to fulfil their tasks more quickly and more accurately, law firm Cliffe Dekker... →

Renewable-energy guide offers insight into maturing African markets

By: Schalk Burger 14th September 2018 Global law firm DLA Piper has characterised the regulatory environments for renewable-energy projects in 12 African countries in response to developing markets on the continent, says DLA Piper Global co-chair of energy sector Natasha Luther-Jones. Renewable energy projects are becoming... →

NATASHA LUTHER-JONES Facilitating the development and growth of the energy industry will help to create a virtuous cycle of energy-linked development

Machine learning, knowledge management tools changing legal industry

By: Schalk Burger 29th August 2018 The legal profession, as with most other knowledge professions, is changing through, besides others, the use of machine learning tools used to ensure that legal information is leveraged and disseminated efficiently to lawyers to fulfil their tasks more quickly and more accurately, law firm Cliffe... →

Rwanda and global airline body partner to improve air safety

By: Rebecca Campbell 14th August 2018 The Rwanda Civil Aviation Authority (CAA) has signed a Memorandum of Understanding (MoU) with the International Air Transport Association, to partner to improve aviation safety, it was announced on Tuesday. The MoU will allow the two sides to jointly establish a framework for the employment of... →

Photo by Creative Commons
Kigali International Airport, Rwanda

M&A advisory firm aims to use SA as gateway to African market

By: Nadine James 13th July 2018 Washington DC-headquartered mergers and acquisition advisory firm Taylor Advisory announced last week that it was entering the African market through South Africa with the appointment of Francois Baird as its Africa co-chairperson and Riaan Rademan as its South Africa co-chairperson. This is... →

FRANCOIS BAIRD Taylor Advisory's ability to deliver the best results, instead of simply brokering a deal, is specifically vital for Africa-based companies

Good corporate citizenship in a post-State-capture South Africa

By: Kim Cloete 8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... →

Safety issues must be addressed – law firm

By: Jessica Oosthuizen 1st June 2018 Safety is a massive problem in the rail industry in South Africa and it must be dealt with, says global law firm Norton Rose Fulbright director and head of rail David Kapelus. Ageing infrastructure and unlawful activity contribute to the country’s rail safety problems, with significant problems... →

Photo by Creamer Media
TUMULTUOUS TRACKS In April, a vehicle and train collided at a level-crossing in the Western Cape when the vehicle apparently attempted to cross the railway tracks when it was not safe to do so

Aton says will not support M&R’s proposed transaction with Aveng

By: Simone Liedtke 21st May 2018 German-owned Aton believes Murray & Roberts (M&R) is putting its interests ahead of that of shareholders and other stakeholders with its proposed combination with Aveng. The sole intent of M&R’s announcement on Friday that it plans to merge with Aveng, Aton states, is to frustrate Aton’s... →

Makhosi Khoza joins Outa

By: Thabi Madiba 4th May 2018 The Organisation Undoing Tax Abuse (Outa) announced on Friday that former African National Congress Member of Parliament Dr Makhosi Khoza will take up the role of executive director and head of the organisation’s Local Government Programme, beginning June. Outa expanded its mandate in February... →

Former ANC member of parliament Makhosi Khoza

Proper dredging, correct dredge depths critical

By: Jessica Oosthuizen 30th March 2018 It is imperative that harbours are properly dredged and channels are kept open to facilitate smooth port operations, says global law firm Norton Rose Fulbright director and transport head Andrew Robinson. “Dredging is a much more complicated process than many people realise and the fact that a... →

ANDREW ROBINSON Dredging is a continuous process as channels and quaysides must be dredged constantly so that vessels can get in and out of harbours

Nersa to make earlier decision on Eskom RCA applications

By: Marleny Arnoldi 29th March 2018 The National Energy Regulator of South Africa (Nersa) has moved forward public hearings into Eskom’s regulating clearing account (RCA) applications for 2014/15 to 2016/17. →

Regional wildlife crime workshop highlights threat, promotes cooperation

By: Rebecca Campbell 27th March 2018 The illegal trade in wildlife has become a major form of transnational organised crime that is damaging economies, undermining public safety and good governance in many regions around the world. And Southern Africa is no exception. “Criminals involved in wildlife crime are not involved only in... →

Photo by Endangered Wildlife Trust
Endangered Wildlife Trust Programme Manager: Wildlife and Trade Programme Ashleigh Dore

Investments in business controls result in shift in economic crime detection

By: Schalk Burger 16th March 2018 Investments made to detect fraud and corruption have resulted in more of these economic crimes being detected by corporate controls and oversight mechanisms, corporate services multinational PwC Forensics Services partner Trevor White says. Detailing the findings for South Africa of the... →

Investments in business controls result in shift in economic crime detection – PwC

By: Schalk Burger 27th February 2018 Investments made to detect fraud and corruption have resulted in more of these economic crimes being detected by corporate controls and oversight mechanisms, corporate services multinational PwC Forensics Services partner Trevor White said on Tuesday. Detailing the findings for South Africa of... →

VAT increase shouldn't have major impact on business-to-business transactions

By: Simone Liedtke 23rd February 2018 The one percentage point increase in the value-added tax (VAT) rate, from 14% to 15%, should not have a major impact on business-to-business transactions, says auditing firm KPMG COO Andrew Cranston. During a post-Budget discussion on Friday, he explained that the so-called “regressive effects”... →

Framework continues to form sector foundation

By: Simone Liedtke 16th February 2018 The economic opportunity represented by the continent’s need for energy makes the African energy industry an attractive prospect for foreign investment, says law firm Norton Rose Fulbright director Lizel Oberholzer. →

LIZEL OBERHOLZER There is an ever-increasing opportunity for private sector renewable and alternative energy projects to support energy supply

Post-Zuma uncertainty not addressed by current opposition party ideology - Khoza

By: Donna Slater 13th February 2018 Political party, African Democratic Change (ADeC), has expressed concern that South Africa faces an uncertain future in light of poor opposition leadership and foresight. →

Saliva drug testing growing in popularity

By: Paige Müller 9th February 2018 Since establishing that antiretrovirals (ARVs) cause positive cross-reactions during employee drug testing, saliva testing methods, which circumvent cross-reaction issues, have drastically increased in popularity, says Pretoria-based drug and alcohol testing equipment and accessories company... →

Industry body authorised as verification authority

2nd February 2018 The Department of Labour has authorised industry body the Southern African Gas Association (Saga) to be the verification authority for the natural gas and liquefied petroleum gas (LPG) industrial equipment industry for South Africa. All industrial equipment needs to conform to the SANS 329 and... →

KPMG appoints new chairperson

By: Anine Kilian 17th January 2018 Auditing firm KPMG South Africa has appointed University of Pretoria chancellor Professor Wiseman Nkuhlu chairperson and Ansie Ramalho independent director. Both individuals will assume their roles on March 1. Nkuhlu has over 30 years' experience working in both the public and private sectors... →

Ballistic firearms ‘fingerprinting’ futile, wasteful – SA Hunters

By: Donna Slater 8th December 2017 Recent proposals by the South African Police Service (Saps) to establish a national “ballistic fingerprint” database of legally owned firearms in South Africa and for this database to be used as a forensic tool in criminal investigations is a largely futile and wasteful exercise in Saps’... →

Omnia files contempt of court case at Foskor over contentious phosphoric acid pricing

By: Donna Slater 8th December 2017 Diversified chemicals producer Omnia has filed a contempt of court case against phosphates and phosphoric acid producer Foskor over the alleged breaching of a court order by the Competition Tribunal →

Focus on environmental services boosts project sustainability

By: Simone Liedtke 1st December 2017 Applying focused environmental services at every phase of any project ensures that opportunities to incorporate social and environmental aspects into the engineering design are flagged, which boosts the overall sustainability of the project, explains consulting engineering and project... →

SUSTAINABILITY REQUIREMENTS Sustainability requires the optimisation of environmental, social and economic outcomes

General public taking heed of environmental law

By: Simone Liedtke 1st December 2017 The general public is becoming more familiar with the tools that are available under the Constitution and environmental law to protect what is perceived as the unacceptable environmental or social impacts of businesses, says law firm Norton Rose Fulbright environment lawyer Matthew Thornton-Dibb. →

MATURED LEGISLATION South Africa’s environment regulatory system has matured since the publication of the National Environmental Management Act

Large companies driving increase in land contamination assessments

By: Simone Liedtke 1st December 2017 With there being an increase in land-contamination assessments among large companies owing to recently promulgated environmental legislation, sustainability services and consultancy Environmental Resources Management (ERM) partner Steve McKeown says this will hold companies accountable for the... →

STEVE MCKEOWN Companies that have a global footprint are more committed to assessing their impact on the environment

Emotional awareness can improve productivity

By: Marleny Arnoldi 17th November 2017 The pressure of operating in a global economy necessitates that South Africa aim for perfection in construction projects undertaken, which brings with it a host of challenges, says corporate training consultancy Hidden Dimensions CEO and on-site psychologist Charissa Bloomberg. →

CHARISSA BLOOMBERG With all the problems that the construction industry faces, a site psychologist can play a supportive role in training, coaching and mentoring, as well as putting the right teams together

Continued volatility impacts on energy and chemicals company

27th October 2017 Continued volatility in the macroeconomic environment, particularly the stronger rand and low oil price, has adversely impacted energy and chemicals company Sasol’s financial performance, says Sasol CFO Paul Victor. →

Photo by Bloomberg
RECORD PRODUCTION Sasol showed great resilience and character through delivering record production volumes at Secunda Synfuels

Businesses must take action to drive inclusive growth in Africa

By: Robyn Wilkinson 20th October 2017 There is a need for a new social narrative that balances generating profits with building social capital to drive inclusive economic growth in Africa, says management consultant IQbusiness CEO Adam Craker. →

ADAM CRAKER South Africa must focus on building a strong home economy if it is to be a participant in regional or continental growth

Clarifying sustainability reporting imperative for modern business

By: Robyn Wilkinson 20th October 2017 A clear and shared sustainability reporting framework is integral for enabling companies to demonstrate a positive impact on not only the economies but also the societies and environments in which they operate, says independent international organisation Global Reporting Initiative (GRI) CE Tim... →

Photo by Bloomberg
DRIVING GROWTH GRI is assisting SMEs in Africa to gain access to global value chains by building their capacities for corporate sustainability management and reporting

Chamber helps Italian companies prosper in S Africa

By: Robyn Wilkinson 13th October 2017 Networking events and exhibitions are integral to fostering partnerships between Italian and South African companies, says Italian-South African Chamber of Trade and Industries secretary general Mariagrazia Biancospino. →

Open immigration regime central to S Africa’s growth

By: Robyn Wilkinson 13th October 2017 Countries seeking to promote economic growth and job creation tend to adopt policies that create flexible and open immigration regimes, contrasting with South Africa’s adoption of restrictive immigration laws, which when coupled with bureaucratic inefficiency creates a barrier to the entry of... →

GARY EISENBERG South Africa’s foreign policy should never lose sight of the historical benefits that have streamed into South Africa from Italy

Construction management council establishes transformation committee

By: Donna Slater 13th October 2017 The South African Council for the Project and Construction Management Professions (SACPCMP) has set up a committee to further its transformation goals and a hotline to encourage the public to report any misconduct pertaining to the council’s scope of influence following reports of malpractice,... →

Tjiamogale Manchidi Demographic representativeness in the project and construction management professions is crucial

WWF, AfDB partner on Africa Nationally Determined Contributions Hub

By: Mia Breytenbach 13th October 2017 Conservation organisation the World Wide Fund for Nature (WWF) and the African Development Bank (AfDB) have collaborated to advance the work of the Africa Nationally Determined Contributions (NDCs) Hub in addressing the impacts of climate change on the continent. The AfDB Climate Change and Green... →

Photo by Bloomberg
FOCUS AREA The Africa Nationally Determined Contributions Hub focuses on fostering of long-term climate action

Insurance plays vital role in construction project success

By: Simone Liedtke 13th October 2017 Owing to insurance playing a vital role in the ultimate success of a construction project, insurance provider Risk Benefit Solutions (RBS) says contractors and engineers need to ensure that a contract includes the contractor all risk policy, which includes cover against damage and any liabilities... →

GEORGE DAVIS Every construction project is unique and has its own set of risks

Small businesses remain optimistic, despite volatility and uncertainties

By: Mia Breytenbach 29th September 2017 Despite economic volatility, South African small business owners remain optimistic and are actively pursuing growth, according to research from cloud based accounting software company Xero. The research report, titled ‘State of South African Small Businesses’ surveys the challenges facing the... →

Photo by Bloomberg
HELPING HAND Some small business owners want the government to provide more funding and some believe government should grant tax breaks for their business

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