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Thumperian Principle

By: Riaan de Lange     21st June 2019 Now tell me that the headline did not evoke the thought of Donald Trump – even though there is an ‘h’, and not an ‘r’ after the “T”. The principle in question is also known as the Thumper’s Rule. The difference between a principle and a rule is that a principle internally motivates you to do the... 

Trans Mountain pipeline expansion project, Canada

By: Sheila Barradas     21st June 2019 Prime Minister Justin Trudeau’s government is proceeding with the construction of the pipeline project. 

Afrimat Construction Index shows marginal improvement year-on-year

By: Simone Liedtke     20th June 2019 JSE-listed Afrimat’s Construction Index (ACI) for the first quarter broadly followed the same “disappointing trend” evident in overall economic activity during the quarter, with gross domestic product (GDP) having contracted by more than 3% quarter-on-quarter. Economist Dr Roelof Botha, who... 

Resilient infrastructure key to limiting natural disaster costs – World Bank

By: Marleny Arnoldi     19th June 2019 World Bank and Global Facility for Disaster Reduction and Recovery in its latest report had found that the net benefit (on average) of investing in more resilient infrastructure in low- and middle-income countries would be $4.2-trillion, or $4 in benefit for each $1 invested. The report, titled... 

African banks to fund construction of world’s biggest marine diamond mining vessel

By: Reuters     19th June 2019 Five African commercial banks have partnered in a $375-million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers. Nedbank Namibia, RMB Namibia, Standard Bank, ABSA and Bank Windhoek agreed to provide 80% of the funding for the ship,... 

Govt explores new approach to industrial policy implementation

By: Nadine James     18th June 2019 The government – led by the Presidency – is rethinking how industrial policy is conceptualised and implemented as a key element in revitalising the economy. This emerged during a recent debate organised by trade research organisation Trade & Industrial Policy Strategies (TIPS) on the role of... 

Indian Ocean Rim economies urged to increase trade with each other

By: Shirley le Guern     18th June 2019 It is time to re-energise the Indian Ocean Rim Association (Iora), created by Nelson Mandela in 1997, and transform it into an active body that unlocks tangible business opportunities and helps negotiate the removal of disruptive nontariff barriers between the 22 member States. This was the... 

Brazilian VP says Brics should focus on economics, not politics

By: Rebecca Campbell     14th June 2019 In comments made in Beijing on May 24, which appear not to have been much, if at all, reported outside his home country, Brazilian Vice President Hamilton Mourão called on the Brazil, Russia, India, China, South Africa (Brics) alignment to switch away from political issues and focus instead on... 

Low business confidence to remain for foreseeable time – survey

By: Marleny Arnoldi     13th June 2019 The Rand Merchant Bank (RMB)/Bureau for Economic Research (BER) Business Confidence Index (BCI) flatlined at a “worryingly” low 28 in the second quarter of the year. The BER on Thursday stated that seven out of every ten respondents had remained unsatisfied with current business conditions... 

‘Unintended consequences’ killing industry – MTMA

By: Tracy Hancock     7th June 2019 There is no improvement in demand from the South African manufacturing sector for machine tool imports, says Machine Tool Merchants’ Association (MTMA) chairperson Paul Savides, adding that government’s local content drive has been unsuccessful in increasing local manufacturing. He told... 

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