Minister of Public Enterprises Malusi Gigaba is considering putting in place set-asides from the growing procurement spend of state-owned enterprises for small businesses and black industrialists to help transform the economy.
16 May 2013 06:57The Coface Group, a worldwide leader in credit insurance, has released its latest report on South African growth prospects, taking into account the mining and export slumps. Overall, economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand. It believes that this will persuade the Monetary Policy Committee to keep policy neutral over an extended period, with interest rates remaining unchanged for most of 2013. A reversal in policy easing is likely only late in the year or even in 2014.
15 May 2013 14:50
Cutting costs is a hallmark of packaging and paper group Mondi and over the longer term it has paid off, as could be seen in its recent upbeat interim management statement.
17 May 2013 10:03
Government is aiming to drive up demand for platinum by developing hydrogen fuel cell technology, Science and Technology Minister Derek Hanekom said on Thursday (16 May).
17 May 2013 10:51
Astrapak optimists are betting heavily on the new chief executive Robin Moore's ability to restore the troubled packaging firm to health. Reflecting this confidence, Astrapak is trading on a 75,5 price:earnings ratio despite a 61% fall in headline earnings per share for the year to February and a 90% fall in earnings over the past three years.
17 May 2013 11:16
[Edward West] Sovereign Food Investments‚ which has operations in the struggling broiler industry‚ lifted headline earnings 10% to 74.5c per share for the year to February due to a more profitable product mix‚ good agricultural and production numbers and a focus on cost controls.
17 May 2013 08:58
[Samuel Mungadze] Anglo Platinum (Amplats) workers have vowed to embark on an indefinite strike starting Friday (17 May) if management does not halt its plans to retrench 6‚000 employees.
17 May 2013 12:50
A beer maker's plans to boost the sale of its product in Africa has left a sour taste in Health Minister Aaron Motsoaledi's mouth.
16 May 2013 07:45
[Ntsakisi Maswanganyi] The expected slowdown in retail sales in March was confirmed when Statistics SA (Stats SA) released its official figures on Wednesday (15 May).
16 May 2013 07:30
[Amanda Visser] An exponential increase in imports of household plastic products over the past few years and the high domestic prices of polypropylene have been hampering the competitiveness of one of SA's larger manufacturers Usabco‚ which owns the Addis brand.
16 May 2013 09:19South Africa's tooling and manufacturing sectors are aggressively tackling skills challenges and modernising and growing their operations, with a view to taking on global manufacturing giants.
16 May 2013 11:29
[Zeenat Moorad] Holdsport‚ which owns the Sportsmans Warehouse and Outdoor Warehouse on Wednesday (15 May) said the current retail environment was challenging and the group did not envisage any improvement in its performance during the remainder of the year.
16 May 2013 07:54The Consumer Goods Council of South Africa (CGCSA) will be hosting a business breakfast at SAITEX, the Southern African International Trade Exhibition, with the theme "Taking Your Business into Africa".
16 May 2013 08:33
[Nicky Smith] A six-month battle between the Treasury and the Department of Public Enterprises over the empowerment and local content weighting in Transnet's R35bn acquisition of new locomotives has ended with the Treasury agreeing to let the tender go unchanged.
15 May 2013 09:07
Railway operator Transnet Freight Rail (TFR) announced on Monday (13 May) that the coal export line to Richards Bay will be closed down for 12 days from 14 to 25 May for routine maintenance work.
14 May 2013 07:28
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93 pages