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...

Women’s co-op helps feed families

KSD makes 3 000 hectares available A GROUP of elderly Mqanduli women are reviving farming in the area with the help of King Sabatha Dalindyebo...

BSA corporate sector fuels credit extension during first quarter

SOUTH African households are reining in their borrowing but strong credit extension to the corporate sector‚ ostensibly to fuel South African firms’ expansion into...

Delay in rollout of new trains

THE new passenger trains for the Passenger Rail Agency of South Africa (Prasa) will arrive more than six months later than planned. This is after...

Cape economy best in SA

THE economy of the City of Cape Town is more inclusive than the national economy. This is according to a report on the city’s economic...

Coal reserves study gives lie to Eskom supply scare

A LONG-awaited review that has major implications for mining laws shows that South Africa’s coal reserves and resources have risen 21% since last estimated...

Vodacom baby ad most liked

VODACOM’s baby television commercial‚ in which a baby cries every time his parents’ smartphone loses signal from a children’s TV channel‚ was named on...

Withholding taxes a vicious circle

AS governments in Africa introduce higher and more withholding taxes on an ever-increasing range of services in a bid to protect their tax base‚...

Gordhan upbeat on growth despite data

FINANCE Minister Pravin Gordhan remains optimistic about South Africa’s economic outlook for this year despite disappointing economic data pointing to slower growth in the...

Stress of closure hurts Fleet Street businesses

WITH four months of trade losses turning into an expected nine, businesses along Fleet Street are resorting to desperate measures to survive the disappearance...

’No prejudice’ in job transformation

LABOUR Minister Mildred Oliphant has reassured critics of the controversial draft regulations on employment equity that proposed guidelines for quotas would not pre-judice coloureds...

Gloomy growth forecast for SA

THE International Monetary Fund (IMF) warned on Tuesday that continued policy uncertainty and labour instability in South Africa‚ coupled with weak global economic activity‚...

Businessman with busloads of success

EASTERN Cape-born entrepreneur Patuxolo Nodada has been able to attract close to R1-billion rand from a development financier through a demonstration of skills and...

Consumers stay loyal to national brands

WHEN times get tough in European markets‚ frugal consumers tend to migrate more readily to private-label products to reduce their grocery bills. In South Africa‚...

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...

New vehicle sales decline by 3.4%

DOMESTIC sales of new vehicles in the first quarter of 2014 fell 3.4% compared with last year‚ according to figures released on Tuesday by...

Beauty firms jump at demand in Africa

NIGERIA’S Kuddy Cosmetics began as a one-woman business run out of a suitcase, with Kudirat Fashola bringing beauty products back from the United States...

Storm brews over renewable energy

EASTERN Cape House of Traditional Leaders (ECHTL) chairman Zolile Burns-Ncamashe laid the blame on “imperial agents” for diminishing the Eastern Cape’s capacity to attract...

SA retailer opens in Kano

Shoprite shrugs off security fears in northern Nigeria SOUTH African retailer Shoprite has opened its first outlet in northern Nigeria‚ defying wider concerns about security...

Tepid year ahead for housing

Home prices set to grow 9% even if interest rate rises in second half of 2014. HOUSE price growth slowed a bit last year, but...

MBSA plant appoints first local CEO

MERCEDES-BENZ South Africa has announced Arno van der Merwe as the company’s first South African-born CEO. Van der Merwe, who will retain his current role...

Shake-up in mine trade union dealings

Tensions give rise to re-think of ‘winner takes all’ principle. TENSIONS in mining trade unions over the past 18 months‚ in particular the rapid growth of...

SA’s big push for job creation

SOUTH Africa’s private sector will next year intensify engagements with the government and labour for more “social pacts” to “restore industrial peace”‚ help avoid...

Eastern Cape bigwigs make SA’s rich list

PE-born Saki Macozoma is still region’s top earner with R676m in investments. AT LEAST five high-profile businessmen and women with Eastern Cape roots have made it...

FNB now bank of choice for Lukhanji

Municipality promises improved service to residents. LUKHANJI Municipality residents will have to use First National Bank to pay for services, including rates, traffic fines and...

MBSA to play a role in Madiba funeral logistics

MERCEDES-BENZ‚ whose East London workers assembled an S-Class for Nelson Mandela soon after his release from prison‚ is also playing a key role in...

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...

Brakes on sales of new vehicles

NEW vehicle sales slowed during November, reflecting a slowing economy, strike-related supply problems, and moderating consumer demand, the National Association of Automobile Manufacturers of...

SA stability perfect for investors, minister says

SOUTH Africa is a politically stable democracy that would never experience a coup d’état, International Relations and Cooperation Minister Maite Nkoane-Mashabane said. Speaking to a...

SAB: prove you can afford to lose

EL firm accuses brewer of trying to duck lawsuit. SOUTH African Breweries on Wednesday asked the Pretoria High Court to compel an East London company...

ECDC forges ahead with recapitalisation

Entire standalone residential properties to be sold by the end of March 2014. THE Eastern Cape Development Corporation (wants to sell its entire standalone residential...

Slight drop in unemployment: Stats SA

The unemployment rate dropped to 24.7 percent in the third quarter of 2013, Statistics SA (Stats SA) said on Tuesday. "The number of employed persons...

New motor assembly plant could create 12 000 jobs

A NEW car assembly plant that will create more than 12 000 jobs and inject R7-billion into the East London economy is on the...

BMF is committed to business unity – Mohale

BLACK Management Forum (BMF) president Bonang Mohale says discussions on the formation of an apex‚ or united business organisation were continuing. The BMF had now...

Home loan default issue lingers

SOUTH Africa’s big banks are taking longer to deal with home loan defaulters even though they are continuing to reduce their non-performing home loan...

Absa snaps up Nkonkobe

MORE than 32000 Nkonkobe Municipality residents and clients will from this month use Absa banking to pay their bills with the municipality, Nkonkobe Municipality...

Job fears rise as six-week strike paralyses MBSA

FOR six weeks, Mercedes-Benz South Africa (MBSA) was unable to produce a single vehicle as nationwide strikes paralysed the manufacturing industry. Losses of about R700-million...

India backs SA economy

SOUTH Africa is among 15 African economies identified by the Export-Import Bank of India (Exim Bank) as an alluring investment and export destination‚ says...

SA’s trade deficit grows to R19bn

SOUTH Africa’s trade deficit widened to R19-billion in August‚ its largest in seven months and far higher than analysts expected‚ as strikes cut mining...

Capitec figures show continuing success

CAPITEC Bank reported a strong set of interim results with an increase in headline earnings of R271-million to R971-million and a loan revenue increase...

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...

McDonald’s eyes EL city centre

GLOBAL fast food chain McDonald’s confirmed that a new outlet is on the cards on the corner of Fleet and Oxford streets in East...

Merc count cost of BIG cash meltdown

NOT one vehicle has come out of the Mercedes-Benz plant for four weeks. One boss has called the rolling strikes that brought production to a...

Business must take to fore

BUSINESS needs to take the lead to resolve labour strife by continuing social dialogue with workers and seeking collective solutions to unemployment‚ the International...

Salaries of medical aid bosses under microscope

HAVING first taken medical scheme trustees to task over excessive remuneration‚ the Council for Medical Schemes has now set its sights on principal officers‚...

SA consumer inflation breaches target band

SOUTH African consumer inflation breached the Reserve Bank’s 3%-6% target band in July‚ Statistics South Africa said yesterday. The consumer price index (CPI)‚ used to...

National youth agency vows to clean up its act

THE embattled National Youth Development Agency is due to open provincial operations‚ as amendments to the law governing the agency are in the pipeline...

Cash-for-jobs scandal to be probed

THE provincial ANC leadership has instructed Buffalo City Metro (BCM) to investigate allegations that a ruling party councillor sold jobs to desperate jobseekers. The instruction...

Ex-stirling pupil cut to bone in meat saga

Industry improving after scandal revealed this year hails from Komga. Cawthorn matriculated from Stirling in 1998 and went on to study Food Sciences in Cape Town....

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...