Energy boost on the cards for SA

German wind turbine maker Nordex SE sees further wind energy investment opportunities in South Africa‚ chief executive Lars Bondo Krogsgaard said this week. “We see significant...

Shoe laundry steps into gap

The shoe doctor is open for business. After seeing an unusual gap in the market, unemployed Vuyani Mahlasela took the plunge and opened up...

SA needs to think outside the box to boost the economy‚ says top economist

South Africa needs to start exploring non-traditional methods of boosting the economy‚ according to award-winning economist Nico Kelder. Speaking at the Gauteng Infrastructure Investment Conference...

‘Mr Fixit’ chief executive sacked

Troubled British bank Barclays, plagued by forex and Libor rigging scandals, announced yesterday it had fired chief executive Antony Jenkins with immediate effect. Barclays management has...

Ramos rules out conspiracy in Barclays exit

Barclays Group’s decision to pull out of Barclays Africa and Absa has nothing to do with any conspiracy or the economic environment in South...

Mthatha park project to boost jobs

The first phase of the Vulindlela Industrial Park was launched this week following a R22-million upgrade of the park’s infrastructure in Mthatha. The move is...

Traders sit on their hands as JSE awaits US jobs data

The JSE moved between slight gains and slight losses early on Tuesday afternoon‚ with traders finding little impetus to steer the market in either...

Minister wants SABC promotions probed ‘in house’

The Special Investigating Unit (SIU) should not be bogged down by investigating promotions‚ appointments and salary increases at the SABC‚ Communications Minister Ayanda Dlodlo...

SAA jet fuel plan may backfire

Plans by South African Airways (SAA) to procure jet fuel from black industrialists in South Africa could make the airline less competitive against rivals...

Motsepe brings new bank to SA with TymeDigital

African Rainbow Capital's banking partner has secured an operating licence from the South African Reserve Bank. This is the first licence issued to a...

Bonds firmer as rand gains slightly on Moody’s view and possible ANC recount

South African bonds were firmer on Tuesday afternoon‚ as the rand gained marginally against the greenback on indications that controversial ANC secretary-general Ace Magashule...

The good news is the unemployment rate improved late last year. The bad news...

By Tammy Foyn and Sunita Menon South Africa’s unemployment rate improved in the fourth quarter‚ as might be expected for a quarter that usually brings...

Consumers buckle under pressure

Some top SA retailers feel pinch as spending dwindles AS PREDICTED‚ consumer spending is in the doldrums this year. The performance of SA’s grocers is...

National recognition for EL guesthouse

Belgravia's hidden gem, Park Place Boutique Guesthouse, has gained national recognition with owner Lizelle Maurice’s second placing in the Tsogo Sun Entrepreneur of the...

SA economy exits recession

By: Sunita Menon And Staff Writers SA has left the economic recession behind‚ for now‚ as gross domestic product grew 2.5% in the second quarter...

Retail sector in the firing line

The Competition Commission is taking aim at the retail sector to see if it enjoys sufficient competition after the authorisation by Economic Development Minister...

Resilience proves a solid foundation

Manelisi Gibson builds empire – from nothing MTHATHA construction entrepreneur Manelisi Gibson found opportunity in Eastern Cape’s infrastructure backlog, building his multimillion-rand business from nothing.   Gibson...

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...

Rand weakens as US confirms business tax rate drop to 15%

The rand lost more than 20c in late afternoon trade on Wednesday after the dollar gained on speculation US President Donald Trump’s expected tax...

Tourist guides under scrutiny

The Department of Tourism has crafted new legislation aimed at cracking down on illegal tourist guides. The regulations are contained in draft amendments to the...

Nene urges wage moderation

Public sector wage increases that are well above inflation, are unaffordable and will come at the cost of jobs, Finance Minister Nhlanhla Nene warns. The...

Drop in global food prices brings relief for SA

Global food prices fell modestly in July, after increasing for five consecutive months.  A United Nations Food and Agriculture Organisation (FAO) food price index released...

BEE code change shocks industry

The trade and industry department issued  an unexpected “clarification notice” on Tuesday that broad-based empowerment and employee share ownership schemes will no longer count...

Pharmacies’ fees under scrutiny

The Department of Health is planning a review of pharmacists’ dispensing fees to compensate for the envisaged loss in income from its proposed ban...

New auto industry chief will diversify

LANCE Schultz has been appointed managing director of the Automotive Industry Development Centre (AIDC) Eastern Cape, following his 12-year tenure as AIDC supply chain...

Confidentiality issue stalls merger

A battle over powers and jurisdiction between two of the country’s major regulators – the Competition Commission and the Independent Communications Authority of SA...

Assets merger sparks new power player

Two major investors in infrastructure projects in Africa – Harith General Partners and Africa Finance Corporation (AFC) – are merging assets in five countries...

Rand treads water ahead of current account figures

The rand was steady on Monday morning as traders awaited the release of current account figures. At 8.38am‚ the rand was at R15.3705 against the...

Las Vegas trip well worth effort

It was an eye-opening experience for Eastern Cape businessman Max Mabhuti, who returned from Las Vegas last week where he was among the panel...

SAA’s small business procurement policy ‘illegal’

SAA's procurement policy‚ which sets aside 30% for small businesses‚ is illegal and will expose the airline to legal action by suppliers‚ including Bidair...

Anger rising in coal-mining area

Systems failing to address grievances, says report. GRIEVANCES ranging from water‚ air and soil pollution to lack of jobs are simmering among communities living around...

On the drive for changing the future

Black entrepreneurs who joined a predominantly white business network franchise in East London on Thursday night said they needed to move on and do...

Right noises but ‘no substance’

Mineral Resources Minister Mosebenzi Zwane flagged a range of factors troubling the local mining industry on Monday‚ but participants at the Mining Indaba were...

New-look Equity Bill ruffles some feathers

PARLIAMENT has disregarded objections from business and adopted in principle several key labour law amendments. The in-principle approval of the Employment Equity Amendment Bill‚ with...

Local businesses need support

The Cathcart Resident Association (Cara) has called for the town’s residents to support their local businesses in order to create jobs for the people...

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...

Anger over SA’s fuel plan

SOUTH African vehicle manufacturers and oil companies believe they have forestalled government attempts to reintroduce a potentially hazardous metal additive into local petrol. Despite the...

Nuclear energy will play bigger part in power mix

A new version of the government’s integrated resource plan (IRP)‚ which projects future electricity demand and suggests options for the energy mix‚ will be...

Why eggs are getting so expensive

Egg prices are likely to rise more sharply than chicken prices‚ the South African Poultry Association (Sapa) warned on Wednesday. Unlike the poultry meat industry...

Bonds strengthen slightly as investors await signs of Zuma’s political future

South African bonds reversed from earlier weakness and were marginally firmer shortly before midday on Tuesday‚ as markets eyed the no-confidence vote in President...

Anglo mines sale set for delays

Anglo American’s sale of its South African coal mines will probably run into next year as bidders struggle with attempts by Eskom to transform its...

Move to reduce e-toll fees, improve collection

A NEW dispensation for e-tolls reduces fees for unregistered users by almost half and makes payment a condition of receiving a renewed licence. The government...

Gordhan gunning for Denel

Public Enterprises Minister Pravin Gordhan is expected to make key announcements with regards to cash-strapped state-owned arms manufacturer Denel. Gordhan was meeting with Denel’s board...

Reserve Bank might act if rand weakens

The rand sank to a record low against the dollar on Monday as stocks and currencies the world over reeled from a plunge in Chinese...

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...

Discovery vows to shake things up

Insurance group Discovery will use the bulk of a R5-billion rights issue to grow its UK life insurance business in its bid to become...

JSE opens higher as market awaits news on Zuma’s fate

The JSE opened firmer on Wednesday in cautious trade‚ as the market awaited local developments amid reports the Hawks have raided the Gupta compound‚...

Eskom hike has backing of IMF

Eskom's request for an additional electricity tariff increase on Tuesday got unexpected support from the International Monetary Fund (IMF)‚ which said the hike was...

Absa customers stranded as system goes offline

Customers of Absa are furious as hundreds of consumers were unable to pay for shopping‚ petrol or at restaurants as their Absa cards failed...

Experts warn on looming rates hike

The Reserve Bank’s monetary policy committee (MPC) warned last week that there might be a need for interest rate hikes‚ as the outlook for...