The Farming community of South Africa

Quick fix? Not for Astrapak

Fri, 17 May 2013 11:16:00 +0200

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.
Read more... | Send to a friend

Broiler producers roasted by low margins

Fri, 17 May 2013 08:58:00 +0200

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.
Read more... | Send to a friend

Africa must reduce infrastructure delays

Mon, 13 May 2013 13:40:00 +0200

The classic public-private partnerships both in SA and Africa are plagued by delays‚ with the projects sometimes taking seven years to get going‚ Finance Minister Pravin Gordhan said on last week at a media conference on accelerating infrastructure investment in Africa‚ at the World Economic Forum on Africa.
Read more... | Send to a friend

Motlanthe calls for calm from farm workers

Mon, 13 May 2013 12:35:00 +0200

Deputy President Kgalema Motlanthe has called for co-operation between farmers and farm workers, the SABC news reported on Saturday (11 May).
Read more... | Send to a friend

Fawu threatens new Western Cape strike

Wed, 08 May 2013 10:54:00 +0200

The Food and Allied Workers Union (Fawu) has threatened to resume agricultural strikes in the Western Cape and accuses farmers of using labour brokers to find temporary workers to replace its permanently employed members.
Read more... | Send to a friend

Jobs lost, jobs found - what's true?

Wed, 08 May 2013 09:58:00 +0200

Economic Development Minister Ebrahim Patel says it is government's economic policy to create jobs and that the country has experienced a net gain of 199‚000 jobs over the past year. This follows Statistics SA's announcement that 100,000 more people where unemployed in the first quarter of this year.
Read more... | Send to a friend

100,000 people lost their jobs this year

Tue, 07 May 2013 10:13:00 +0200

The Quarterly Labour Force Survey, released by Statistics SA (Stats SA) on Monday (6 May) showed that 100,000 people lost their jobs in the first quarter of this year. The number of unemployed people now stands at 4.6m, equivalent to 25.2% of the working population.
Read more... | Send to a friend

Davies approves wheat reference price rise

Mon, 06 May 2013 10:53:00 +0200

Trade and Industry Minister Rob Davies has approved the recommended increase of the domestic reference price of wheat as part of the long-term protective regime and price support mechanism introduced by the government in 1999.
Read more... | Send to a friend

R9bn jobs fund will 'buy' 150,000 jobs

Fri, 03 May 2013 09:27:00 +0200

Finance Minister Pravin Gordhan expressed confidence on Thursday (2 May) that the R9bn jobs fund would achieve its target of creating 150‚000 jobs by 2015.
Read more... | Send to a friend

R300m gas separation unit for Coega

Fri, 03 May 2013 08:28:00 +0200

Air Products SA‚ an industrial gas company‚ is to break ground in the Coega industrial development zone near Port Elizabeth next week for a R300m state-of-the-art air separation unit.
Read more... | Send to a friend