Hilton plans to boost African presence

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten. 16 May 2013 08:38

Time to unlock Africa's travel potential

The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May). 14 May 2013 11:56

State should own 50% of all Africa's mines

[Paul Vecchiatto] African governments should own at least a 50% of any new mining venture in order to ensure that the country gets more of the revenue from mining projects. 13 May 2013 14:21

Transnet on the hunt for foreign contracts

[Nicky Smith] Transnet Engineering (TE), a unit of the state-owned freight and logistics company, is exploring new narrow-gauge markets in Latin America, South-east Asia and Australia in a bid to meet its growth targets, according to strategy and marketing general manager Thoba Majoka. 6 May 2013 07:41

Pick n Pay stores at BP garages

[Sikonathi Mantshantsha] Petrol supplier, BP is to embark on a huge expansion of its forecourt retail offering in South Africa‚ as it partners with Pick 'n Pay to build 120 convenience stores at fuel stations over the next five years. 25 Apr 2013 07:21

Sharp drop in Pick n Pay's earnings

Pick n Pay has reported a 21.7% drop in diluted headline earnings per share to 109.61c despite a 7.1% rise in turnover to R59.3bn. Dividends fell by 35.8% to just 84 cents a share. 24 Apr 2013 06:48

Agriculture offers real growth potential

[Helmo Preuss] Although structural impediments such as poor logistics render the search for new avenues of deeper intra-African trade challenging‚ there is an immediate and compelling growth potential in the trade of agricultural products‚ Standard Bank research analyst Simon Freemantle said last week. 22 Apr 2013 13:24

Billions must be spent on railways in Africa

Africa will need to spend more than US$50bn in the next decade on building 4,000km of additional rail infrastructure to unlock the mineral resource potential on the continent. 22 Apr 2013 07:35

Taxes hammering Africa's aviation

[Bekezela Phakathi] Government policies towards aviation in Africa tend to see it as an "elite" product‚ rather than as a critical component of the continent's economic infrastructure. 22 Apr 2013 07:51

Shipping vital for international trade

[Helmo Preuss] Two conferences held in Cape Town last week highlighted the fact that about 90% of all trade between countries is shipped by sea. 22 Apr 2013 10:00

IMF forecasts "solid growth" for Africa

Economies in sub-Saharan Africa will ride out the bumpy global recovery in the next few years to post growth rates not seen outside Asia, the IMF said in its latest economic forecasts Tuesday (16 April). 17 Apr 2013 09:47

Van Zyl to head Toyota's Africa drive

A global management shakeup at Toyota Motor Corporation has hit African shores, with local Toyota chief Johan van Zyl called in to head the new position of chief executive of Toyota's operations across Africa 9 Apr 2013 10:56

Africa needs economic integration

[Mariam Isa] African countries must integrate their economies in order to support a new wave of industrial development across the continent‚ Department of Trade and Industry Minister Rob Davies said Tuesday (26 March). 27 Mar 2013 09:40

Loss of commercial farmers hurts SA

It is "worrisome" that South Africa is losing many of its commercial farmers to countries to the north of it, academic and businesswoman Mamphela Ramphele said on Sunday (24 March). 25 Mar 2013 11:57

Mobile cash services bank on growth

[Thabiso Mochiko] The growth of mobile money will continue at a rapid rate this year‚ global mobile industry body GSMA said in a recently released report entitled The Economy of Mobile 2013. 20 Mar 2013 07:09