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Mining fundamental for SA economy
Mining fundamental for SA economy

Mining was one of the key industries in the South African economy with a total income of R408bn in 2012, says Statistician General Pali Lehohla.

30 Sep 2014 10:36

Programme aims to boost municipal service delivery
Programme aims to boost municipal service delivery

A capacity building programme to strengthen institutional capacity in the areas of personnel skills and administrative systems has been launched at eleven municipalities across five provinces in South Africa.

30 Sep 2014 09:57

Public Works has wasted R34,9bn
Public Works has wasted R34,9bn

The Department of Public Works has uncovered R34.9bn in irregular expenditure dating back to 2001, Public Works Minister Thembelani Nxesi says.

30 Sep 2014 10:05

Ekurhuleni asks residents to use 'other means' to view statements
Ekurhuleni asks residents to use 'other means' to view statements

Ekurhuleni council has asked its residents who are not receiving their printed municipal accounts because of the Post Office strike to use of other options to view their monthly statement.

30 Sep 2014 09:37

General Electric seeks new sectors in SA
General Electric seeks new sectors in SA

General Electric (GE)‚ which is supplying a total of 376 locomotives to Transnet‚ is looking for opportunities in other sectors in SA‚ including healthcare and energy.

By Nick Hedley 30 Sep 2014 11:59

South Africans have embraced online shopping
South Africans have embraced online shopping

The latest Wonga.com South Africa device usage data indicates that 44.64% of its customers use traditional computers or laptops when applying for a short-term loan, followed by Android-powered smartphones (17.69%) and BlackBerry devices (17.06%).

30 Sep 2014 09:46

Pascale Butcher
Keeping the cash, flowing

An important fundamental common to every business is the management of profitability and cash flow. It is critical to understand the difference between them and the fact that profitability and good cash flow do not necessarily coincide...

By Pascale Butcher, Issued by Meredith Harington 30 Sep 2014 10:43

Earnings sharply down for York Timbers
Earnings sharply down for York Timbers

York Timbers has reported a substantial decline in its full-year net profit‚ dragged down by its wholesale division.

30 Sep 2014 12:26

Evraz Highveld Steel and Vanadium's net loss of R302m
Evraz Highveld Steel and Vanadium's net loss of R302m

Evraz Highveld Steel and Vanadium has reported a net loss of R302m for the 6 months to June from a loss of just R10m at the same time a year ago.

30 Sep 2014 12:50

Astrapak strong after restructuring
Astrapak strong after restructuring

Astrapak's balance sheet is the strongest it has been in about four years, despite a widened interim loss, management says..

By Nick Hedley 30 Sep 2014 12:38

Color Accounting eliminates the vagueness of accounting language
Color Accounting eliminates the vagueness of accounting language

The language of accounting is stuck in the dark ages - it has not been updated in 500 years - and businesses are failing because of it. - says Peter Frampton

29 Sep 2014 11:15

Value Logistics issues dire trading update
Value Logistics issues dire trading update

In August, Value Group - a consistent profit performer for the past dozen years - stunned the market with a dire trading update, warning that its interim earnings could be down by between 70% and 90% and its share price dropped from 500c to 412c, a 12-month low.

By Marc Hasenfuss 29 Sep 2014 11:51

Fight brewing between Gordhan and PPC?
Fight brewing between Gordhan and PPC?

Ketso Gordhan‚ who resigned as chief executive of PPC a week ago‚ is gearing up for a battle for his reinstatement‚ lining up a series of meetings this week with shareholders to build support.

By Nick Hedley 29 Sep 2014 12:46

Nedbank invests R1.3bn in Newtown Junction development
Nedbank invests R1.3bn in Newtown Junction development

Helping to restore its iconic standing as one of South Africa's thriving marketplaces, Nedbank has announced the grand opening of Newtown Junction Mall - a R1.3 billion investment in the CBD precinct.

29 Sep 2014 10:15

Solar electricity makes good financial sense
Solar electricity makes good financial sense

A recent report by the Global Commission on the Economy and Climate found that renewable energy (RE) sources have emerged with stunning and unexpected speed as large-scale, and increasingly economically viable, alternatives to fossil fuels.

29 Sep 2014 11:07

Bowler Metcalf to merge bottling operations
Bowler Metcalf to merge bottling operations

After months of rumours‚ plastics packaging specialist Bowler Metcalf has confirmed that it will pour its soft-drink bottler Quality Beverages‚ the maker of the Jive brand‚ into a new and bigger operation.

By Marc Hasenfuss 29 Sep 2014 13:02

Presidency asks everyone to assist Seriti Commission
Presidency asks everyone to assist Seriti Commission

The Presidency has advised anyone who has information that can assist the Seriti Commission of Inquiry to forward the information to assist the commission so that it can be interrogated.

29 Sep 2014 09:44

Only private sector can create economic growth
Only private sector can create economic growth

Local economic development is failing in South Africa due to lack of sustainability. This is according to Dr Pierre Voges, CEO of the Mandela Bay Development Agency (MBDA).

29 Sep 2014 10:58

Belaz trucks may boost ELB's earnings
Belaz trucks may boost ELB's earnings

ELB Group's agreement to be the South African distributor for the global Belaz range of heavy trucks is expected to have a substantial effect on our earnings Chief Executive Stephen Meijers said.

By Nick Hedley 29 Sep 2014 12:12

Carbon offset mechanism can be aligned with carbon budgeting approach
Carbon offset mechanism can be aligned with carbon budgeting approach

There is potential for alignment of the proposed carbon offset trading scheme that is currently under consideration by National Treasury and the carbon budgeting approach required by the National Climate Change Response Paper (NCCRP).

29 Sep 2014 12:16

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