Madiba to appear on new notes

Former President Nelson Mandela will become the first person to appear on the country's banknotes since the dawn of democracy, Jacob Zuma has announced. 13 Feb 2012 11:43

New bill authorises auditors to perform B-BBEE verifications

With effect from 7 December 2011, and in accordance with the Revised Preferential Procurement Regulations, one of the aims of which is to promote uniformity throughout the public sector procurement system, it is now a legal requirement that all tenders awarded by organs of state must take 10% or 20% - depending on the value of the tender - cognisance of every tenderer's B-BBEE status, as opposed to their percentage black ownership (the old BEE status). 16 Feb 2012 10:41

Public hearings into economic zones kick-off

The economic zones that are proposed in the Special Economic Zones (SEZ) Bill will boost the economic growth of KwaZulu-Natal, says Economic Development and Tourism MEC Michael Mabuyakhulu. 15 Feb 2012 13:37

Prasa to invest R136bn on trains, infrastructure

The Passenger Rail Agency of South Africa (Prasa) is to spend R136bn to acquire about 7000 new trains and upgrade and modernise train stations. 15 Feb 2012 07:45

Significant gains in different economic sectors

Significant economic results show that the volume growth of electricity was up by 20% year-on-year (y/y) and Business Live says that coal exports from Richards Bay surged by 34,3% y/y in January. 13 Feb 2012 13:44

Cape business welcomes R1bn port tariff cut

[Paul Vecchiatto] The Cape Chamber of Commerce and Industry has welcomed the announcement in the state of the nation speech that port tariffs are to be reduced by about R1bn. 13 Feb 2012 12:21

State has the money to fund infrastructure - Gordhan

South Africa has the money to spend on the infrastructure projects in the five regions outlined by President Jacob Zuma in his State of the Nation Address, the Minister of Finance Pravin Gordhan has said. 10 Feb 2012 12:29

RMB, best SA private banking service provider - Euromoney survey

The 2012 Euromoney Private Banking Survey has awarded RMB Private Bank six awards for private banking services, most prominent of which was the overall winner of the best private banking service provider in South Africa and Africa. 10 Feb 2012 12:31

Easing of exchange control regulations, welcomed

Finance minister Pravin Gordhan has kept his mid-term budget promise made in October last year to further ease exchange controls, with a series of recently announced relaxations. 10 Feb 2012 12:29

SONA in a nutshell

Union and business representatives have welcomed President Jacob Zuma's State of the Nation address to Parliament and, while the speech was held by some observers to be uninspiring it contained a lot of detail about the government's plans to boost jobs and invest in infrastructure. 10 Feb 2012 10:06

Santam claims card wins in two categories at Paybefore Awards

Paybefore has selected DrawCard's Santam Insurance Claims Card as a 2012 Paybefore Awards winner in two categories - the Best Emergency/Insurance/Non-Government Benefits Prepaid Program as well as the Best non-US based Prepaid Program. Paybefore Awards, now in its sixth year, is the most prestigious recognition of excellence in the worldwide prepaid and stored value card industry. 9 Feb 2012 11:51

Business confidence falls in January

Business confidence fell to its lowest level since May 2010, the South African Chamber of Commerce and Industry (SACCI) said. 9 Feb 2012 09:33

dti moots small business census

The Department of Trade and Industry wants to run a regular small business census to help improve its support and funding to the sector as part of a revised policy to boost support to small businesses. 9 Feb 2012 09:09