Probe into healthcare set to start

Netcare case veto opens way THE Competition Commission’s inquiry into the private healthcare industry can now get under way after the high court’s dismissal of...

Joy over R7m Massmart deal

Stutterheim firm lands contract to supply stores with cooler-boxes. A STUTTERHEIM plastics moulding company on Wednesday received its first official order to supply the Massmart...

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...

SA may lead way with fuel cells

Test project’s next step to supply remote areas. THE Department of Energy needs to decide whether it will include fuel cells in its energy masterplan...

Denel a catalyst for growth

Arms manufacturer looks to play role in industrial development. DENEL is planning to increasingly use its technological capabilities to help drive the development of local...

Food scandal rocks SA retailers

Major companies remove labels and sell old food. SOME of South Africa’s major retailers have been implicated in a food labelling scandal that could see...

Hyundai heads to SA

Delivery cars set to be built in Gauteng. SOUTH Korean car manufacturer Hyundai is preparing to build vehicles in South Africa. The Seoul-based company’s local representative...

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...

Investment bank shares plummet to all-time low

African Bank needs to raise R8.5m to remain solvent. THE shares of unsecured lender African Bank Investments Limited (Abil) fell 62.21% to an all-time low...

Kerry challenges Africa’s leaders

Calls for ‘common purpose’ as Zuma backs Agoa at summit. US SECRETARY of State John Kerry threw down the gauntlet to African leaders gathered in...

US to announce billion-dollar deals

Two-day Africa summit kicks off in Washington. THE US will announce nearly $1-billion (R10-billion) in business deals, increased funding for peacekeeping and billions of dollars...

EL to lose 100 jobs as TV plant closes

Tax benefits pull Samsung to KZN economic zone. EAST London will lose out to Durban when a new Samsung television assembly plant opens in the...

Credit health in SA still ‘deteriorating’

Index shows consumers battle with servicing existing debt. THE consumer credit index compiled by TransUnion‚ South Africa’s largest credit bureau‚ showed consumer credit deteriorated for...

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...

Lonmin enters into BEE agreement

PLATINUM group Lonmin has entered into binding agreements with the Bapo ba Mogale community to meet black economic empowerment (BEE) targets, it said on Wednesday. The...

Sanral bid to keep plan secret

Court action part of dispute. THE South African National Roads Agency Ltd (Sanral) will ask the Western Cape High Court next week to grant it...

Call to address exclusivity clauses

Reit asks competition commission to intervene A CALL for the Competition Commission to address exclusivity clauses in shopping-mall leases that may be anti-competitive and restrain...

Still no progress on big Coega oil refinery

No decision on construction project after PetroSA deal signed in 2013. MORE than a year after PetroSA signed a two-year framework deal with Sinopec of...

Nuclear plan set to power on

Government intent on R1tn energy programme – minister. THE government is determined to press on with its nuclear build programme at a potential cost of...

Deal boost for SA industries

THE sugar‚ wine and ethanol export industries have been given a potentially significant boost by the economic partnership agreement (EPA) signed last week between...

Three investors vie for new auto plant

THE East London Industrial Development Zone (ELIDZ) said it had identified three potential investors for its multi-brand car assembly plant, but was keeping mum...

NEF moves to ease cash crunch

In talks with IDC to set up fund to help black business. THE National Empowerment Fund (NEF) is looking to tap into the financial reserves...

MBSA calls for end to metalwork wage fight

MERCEDES-Benz SA, reeling from supply line shortages, has urged the metal industry to end its wage battle with Numsa. MBSA chief executive Arno van der...

‘Focused strategy’ for EL port after big loss

THE Eastern Cape department of finance, economic development, environmental affairs and tourism will be “actively engaging with Transnet in the development of a focused...

Dumping duties imposed on EU

PRELIMINARY anti-dumping duties ranging from 22%-73% have been introduced against imports of frozen bone-in chicken from three of South Africa’s trading partners in the...

EL set to lose coal terminal to Ngqura

EAST London is set to lose its coal terminal in the next three years after state utility Transnet invested more than R80-million in a...

Renewable energy sector ‘a ray of light’

Wind, solar farms boost to East Cape economy. RENEWABLE energy provides Eastern Cape business with a new growth opportunity in light of its potential to...

Demand for Sunshine Coast homes

Kenton-on-Sea holiday hideaway sold for record R10.9m DEMAND for property on the Sunshine Coast is the reason for high-selling prices in the area as buyers...

Top award for E Cape ad agency

Huge interest in ‘stethoscope project’ AN INNOVATIVE advertising campaign earned Eastern Cape-based brand agency Boomtown a prestigious Lions Health advertising award in Cannes, France last...

Big car dealerships make the drive to Beacon Bay

Lack of exposure sees CBD lose out. BEACON Bay is becoming the preferred business location for car dealerships, with at least three new showrooms going...

Implats denies under-selling claim

IN A decade‚ Impala Platinum (Implats)‚ the world’s second-largest producer of the metal‚ forfeited just 0.29% of the value of the platinum group metals...

Capitec to offer home loans

CAPITEC bank is branching out into home loans after it reportedly successfully weathered a storm in the unsecured loan market. The 15-year-old bank, one of...

Top Eskom executives to forego their bonuses

POWER utility Eskom said yesterday that its senior executives would not take their annual bonuses for the 2013-14 financial year to cut costs. Interim CEO...

Recession ‘red flags’ mounting

NEW data show the second-biggest sector in the economy contracted for the second consecutive month in May‚ raising red flags for the outlook for...

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...

EU averts job losses in SA

THOUSANDS of jobs were saved this week when the EU‚ South Africa’s most lucrative market for its multibillion rand fruit exporting industry‚ decided against...

Rand hit as SA growth rate falls

New finance minister faces raft of difficulties. SOUTH Africa’s economy shrank in the first quarter of the year, in the worst performance recorded since the global...

Telkom puts R2.6bn on table for ICT company

EMBATTLED listed telecoms operator Telkom has announced an ambitious bid of R2.6-billion to take over listed information and communication technology (ICT) company Business Connexion‚...

Platinum parties agree to talk

THE 17-week wage dispute in the platinum sector on Tuesday took an astounding turn when Judge Hilary Rabkin-Naicker of the Labour Court persuaded the...

Help with tariff restructuring

THE Development Bank of Southern Africa (DBSA) plans to help two municipalities in South Africa to restructure their water and electricity tariffs in such...

Bleak future ahead for SA platinum producers

INVESTMENT bank JP Morgan Cazenove has warned that unless South Africa’s platinum producers restructure the cheap-labour model‚ industrial strife will not abate and the...

Stores meeting new regulations

Retailers obey laws after meat scandal breaks. A SPOT check was carried out at various retail outlets around East London last week and found that...

Brewing discontent over SAB

THE Competition Commission is going ahead with its appeal against the Competition Tribunal’s decision to dismiss the case against South African Breweries (SAB)‚ along...

Proposed R17bn rail link delays

FEASIBILITY studies for South Africa and Swaziland’s proposed R17-billion rail link are still under way‚ pushing its construction to 2017‚ Transnet Freight Rail general...

Durban in Cape ‘hijack’ moan

DURBAN officials are peeved South African Tourism allowed the City of Cape Town and the Western Cape to “hijack” this year’s Tourism Indaba held...

Electrification in Africa still a dream for 1.2bn

ELECTRIFICATION was the greatest achievement of the 20th century‚ according to the US Academy of Engineering. For people in North America and Europe‚ the availability...

Annan group pulls out of WEF summit

A HIGH-level panel led by former United Nations (UN) secretary-general Kofi Annan has pulled out of the World Economic Forum (WEF) Africa meeting in...

ANC receives poor economic report

A REPORT by global research firm Nomura has damned the ANC for “underperforming” since 1994‚ despite being in power in a period of improved...

Step-up in security for ‘Africa’s Davos’

NIGERIA hosts the World Economic Forum on Africa summit this week under tight security after two deadly car bomb attacks raised fears about a...

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...