Social responsibility a big deal

South African business has an ethical obligation that goes beyond simply maximising profits – and the #FeesMustFall movement offers a cogent opportunity for small and...

Funeral boost for EL business

AN EAST London catering business is in for a boost after scoring a deal to supply almost 60 000 food portions for thousands of...

Bidcorp gets warm JSE welcome

The market capitalisation of the former Bidvest Group shot up more than 14% after the listing of Bid Corporation (Bidcorp) on the JSE on...

Gloncore to exit Lonmin stake

Seven years after Xstrata‚ then headed by South African Mick Davis‚ made a £33-a-share takeover bid for Lonmin and ended up with 23.9%‚ its...

Bright beauty’s leadership goal

Young EC woman chosen to be on elite continental programme AN EASTERN Cape beauty with brains, Simamkele Dlakavu, is one of 28 young African women...

New law boosts SA shipbuilding

New legislation requiring all future government shipbuilding projects to have 60% local content will stimulate the industry and protect it from international competitors that...

Staying relevant and beyond: Businesses must embrace cutting-edge technology

Pizza-delivering drones, driverless and flying cars, insect protein and free super-speedy WiFi is the future that businesses should be preparing themselves for. This is what...

SARB faces repo dilemma

  Lower-than-expected retail sales in May have increased concerns about slower economic growth this year‚ which is likely to place the Reserve Bank in a...

Pasa ups estimate for Karoo shale gas

The Petroleum Agency SA (Pasa) has modelled a higher potential for shale gas in the Karoo than the previous conservative estimates of about 36...

EC unemployment rate reaches 30%

Figures are the worst since 2008. THE Eastern Cape has the highest rate of joblessness in a country where unemployment rates reached levels last seen...

Masutha and Gigaba in talks on reviving special Fica advisory council

Justice Minister Michael Masutha is in talks with Finance Minister Malusi Gigaba over the restoration of the special advisory council which was legislatively provided...

Manufacturers hit a low

Manufacturing business confidence has tumbled to a six-year low‚ suggesting that output and job creation in the sector will struggle to improve significantly this...

Exports now lifeline to Scaw

THE MINING industry needs some slack as it battles a sluggish economy and strikes. But when it comes to the rope itself‚ mines have...

Bus operators in dire straits

Industry is in state of collapse, body tells transport committee THE subsidised commuter bus industry – both public and private – is not commercially sustainable...

Uproar over 16% tariff hike request

Eskom's request to be granted an effective 16.6% tariff increase this year is widely opposed by stakeholders and the public who have made submissions...

From general dealer to generating billions

Property tycoon and Billion Group chairman Sisa Ngebulana has smashed through many barriers to reach the top of South Africa’s retail property development sector. The...

SA hit by sharp drop in tourism

The South African tourism industry has been dealt another blow as airline ticket sales figures show that ticket purchases have dropped significantly. Figures released by...

Hanekom backs tourism plan

Tourism Minister Derek Hanekom has defended the recently launched tourism incentive programme‚ particularly the intention to subsidise tourism establishments to become independent of the...

G20 summit focus on market volatility

South Africa  and other emerging economies are working hard to find ways to stem volatility in their markets as uncertainty persists over when the US...

Why Moody’s is not being ‘horrible’ – economist

Ratings agencies like Moody's are not putting SA on review just to be "horrible", but because poorer people and poorer countries struggle to pay...

New path to profit

THE South African Post Office (Sapo)‚ faced with declining mail volumes mainly due to the onset of the internet‚ is due to follow clients...

Venter family to hand over reins at troubled Altron

The Venter family said on Wednesday it would relinquish management of the Altron Group‚ the business it started more than 50 years ago, as it...

Private sector support vital for SMEs

The private sector had a critical role to play in helping small businesses to become sustainable‚ Small Business Development Minister Lindiwe Zulu said on Friday...

‘Please explain 71% vehicle licence fee increase‚ Mr Minister’

The Justice Project South Africa has called on Transport Minister Joe Maswanganyi to explain why he increased vehicle licensing renewal by 71%‚ effective February...

SA, US farmers in R14bn dispute

South Africa is fighting to retain duty-free access for exports to the US worth as much as $1.7-billion (R14-billion) a year in a dispute...

System to stem loss of billions

With the government losing an estimated R30-billion annually to tender fraud including overpricing, an e-procurement platform could mitigate some of these losses. GetBiz co-founder Andile...

JSE opens firmer on upbeat Standard Bank interims

The JSE opened firmer on Thursday‚ supported by Standard Bank and Gold Fields on upbeat results and a positive trading update from troubled cement...

Gordhan, Moyane on collision course

A South African Revenue Service (SARS) internal memo sent out on Wednesday showed Commissioner Tom Moyane was forging ahead with a restructuring plan‚ even...

Shoprite shares drop 6.33%: core customer base under pressure

Shoprite Holdings saw its share price slide 6.33% to close at R148.80 on Monday after it said its core South African customer base was...

MBSA elated at record figures

The East London produced Mercedes-Benz C-Class is one of the top performing brands that have placed Mercedes-Benz South Africa as a leader in the...

Mediclinic and Remgro acquire 29% of UK firm

Healthcare group Mediclinic International and investment firm Remgro yesterday  announced the acquisition of a 29.9% stake in UK firm Spire Healthcare Group. Mediclinic and Remgro said...

Minister takes SA’s top firms to task over pricing

Davies asks companies to consider discounts or face consequences. TRADE and Industry Minister Rob Davies has warned two of the country’s large monopolies‚ ArcelorMittal South...

Twist in Mining Charter case

Attempts by the Chamber of Mines and the Department of Mineral Resources to settle their legal battle over the Mining Charter out of court,...

Rand holds steady ahead of Reserve Bank meeting

The rand was little moved on Monday morning‚ but retained its hefty gains from last week in price action that underscored the local currency’s...

R50k earners more than double, others take home less

In October there was a noticeable decline in South Africans' take-home pay, according to the latest BankservAfrica Disposable Salary Index (BDSI). At the same time...

Rams shipment boosts farmers

Eastern Cape Rural Development Agency (ECRDA) recently handed over 80 sheep rams to 95 livestock farmers in Mnceba near Ntabankulu to improve the genetic...

Treasury bids to tighten up on financial services

The Treasury has become frustrated with the “light touch” approach adopted by the regulators in the financial services industry‚ an official said in parliament...

Reserve Bank leaves repo rate unchanged AT 7%

The Reserve Bank held interest rates steady‚ as widely expected‚ on Tuesday‚ at the monetary policy committee’s first meeting of the year. While economists have...

Patel reworks Competition Act

Authorities to get more tools to regulate. ECONOMIC Development Minister Ebrahim Patel is drafting amendments to the Competition Act to give authorities more tools to...

SABMiller’s EU breweries up for sale

The acquisition of Hungary’s Dreher in 1993 is listed as an important milestone in SABMiller’s history. It “signalled the beginning of this game-changing decade of...

Mining income for 2012 was R408BN: Stats SA

The total income for the mining industry in 2012 was R408 billion, Statistics SA said today. "Platinum gives us the highest income in the sector,"...

SA to get world’s first biometric credit cards

South Africans will be the first in the world to use biometric credit cards. Mastercard will introduce the technology by the end of the year‚...

‘Your jobs are safe‚’ Guptas tell staff

Staff at the Gupta-owned ANN7 and The New Age have been told that their jobs are safe following the announcement that Oakbay are pulling...

Eskom wants its R2bn – Molefe

Eskom was not going to back down on its claim of R2-billion in penalties from Glencore’s Optimum Colliery and had issued legal summons to...

Sales tax hike delayed as Japan sinks into recession

Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax...

Eskom was warned against Trillion payments

Eskom could have saved more than R300-million had it listened to advice it received in December that payments to Gupta-linked financial advisory firm Trillian...

SA faces food-price explosion

South Africa is sitting on a food-price time bomb. The effect of the worst drought in more than two decades is being compounded by...

Guptas sell media businesses to Manyi

The Guptas have agreed to sell their shares in The New Age newspaper and ANN7 channel to Lodidox‚ owned by Mzwanele Jimmy Manyi‚ for...

Carbon tax confirmed for 2016

The Treasury is sticking to its guns about implementing carbon tax from next year‚ dashing the hopes of business there might be further delays...

Legal bid to challenge power price hike: Outa demands reasons for 9.4% increase

The Organisation Undoing Tax Abuse (Outa) says it is to urgently challenge the electricity tariff hike in court. It said that after various unfruitful requests...