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Employment growth continues to disappoint, says Reserve Bank

23rd June 2015 Slow employment growth meant that around one in four people in the labour force remain unemployed, the South African Reserve Bank said in its latest quarterly bulletin. “Employment growth in the private sector continued to disappoint over the past year, consistent with the lacklustre pace of... 

Mankind finally waking up to climate change and world poised to act – French COP21 negotiator

22nd June 2015 Ever larger and more frequent weather disasters around the world are fuelling pessimism that we can curb man-made climate change before its too late. But Laurence Tubiana is more optimistic than apocalyptic. She believes mankind is finally getting the message about the damage it is inflicting on... 

Eskom to implement stage 1 load-shedding on Thursday

18th June 2015 Power utility Eskom said it would implement stage 1 of load-shedding on Thursday from 16:00 to 22:00. “This is due to increased electricity demand and a shortage of generation capacity resulting from technical faults at some of our power station units,” Eskom said. 

Sasol appeal after R534m penalty upheld

18th June 2015 Sasol on Thursday welcomed the Competition Appeal Court’s decision to uphold the company’s appeal against a Competition Tribunal finding that resulted in a R534-million penalty for over-charging local customers for plastic products. After a hearing concluded in October 2013, the tribunal found... 

Ramaphosa insists government cost cutting working while ministerial handbook being finalised

18th June 2015 Deputy President Cyril Ramaphosa insisted on Wednesday that government’s cost cutting exercise was bearing fruit, despite the fact that the long-awaited revision of the ministerial handbook was still not complete. Work to revise the ministerial handbook, which sets out the perks ministers,... 

Bapo cancel protest march against Lonmin after reaching new employment deal

17th June 2015 A protest march on Lonmin by the Bapo Ba Mogale was cancelled on Wednesday after the tribe reached an agreement with the platinum miner over its employment practices here. “We have an agreement with Lonmin: the mine will take 500 people for training and they will be paid a stipend of R5 000 per... 

Sluggish economy hurting young South Africans – Zuma

17th June 2015 Despite acquiring education, many young South Africans are struggling to secure employment, President Jacob Zuma said on Tuesday. “Our youth has responded positively to our promotion of education. They continue to flock to higher education institutions each year, seeking education. However,... 

Nene says SA tax processes are by necessity boring

15th June 2015 South Africa’s tax system is deeply consultative with major taxes taking many years to implement and minor changes allowing two opportunities during the budget cycle of a year before legislation is brought to parliament, according to Finance Minister Nhlanhla Nene. “Tax policy and tax legislation... 

Africa’s different languages halt ‘standardised’ tertiary education

12th June 2015 Africa’s different languages prevent the continent from having the same standard of higher education, said African Union commissioner on human resources, science and technology, Dr Martial De-Paul Ikounga. ”Language barrier is a big obstacle on our continent that we need to overcome, and this has... 

State has responsibility to help drive private sector growth – deputy finance minister

12th June 2015 Government must acknowledge that it has a responsibility to create an environment that drives private sector growth, especially since the bulk of employment is in the private sector. Speaking at the launch of the World Bank report Doing Business in South Africa 2015 on Friday, Deputy Finance... 

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