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SA falls out of investment confidence index

29th April 2015 Business leaders are increasingly looking for global opportunities for growth, but not in South Africa, according to the 2015 FDI Confidence Index released this week. According to the 15th annual index from global strategy and management consulting firm AT Kearney, two-thirds of companies plan to... 

Electricity the biggest economic challenge – Nene

29th April 2015 The lack of sufficient electricity is the most binding constraint to production and investment in South Africa, Finance Minister Nhlanhla Nene has acknowledged to MPs. In reply to a written question from David Ross, a DA MP, who asked what were the “structural and competitiveness challenges that... 

Joburg train crash: Transport minister wants answers

28th April 2015 Transport Minister Dipuo Peters on Tuesday called for answers into the cause of the train crash in Johannesburg that killed a woman Metrorail employee. "As government... we need PRASA to give answers as to how a moving train can crash into a stationary one," she told reporters at the Denver train... 

Ramaphosa steps in at SARS

28th April 2015 Deputy President Cyril Ramaphosa is brokering an exit deal between suspended SA Revenue Service (SARS) deputy commissioner Ivan Pillay and the revenue collector’s head, Tom Moyane, reported City Press on Sunday. According to the report Pillay is demanding R6m from the taxman, which he says is... 

Police disperse striking workers at Medupi

28th April 2015 Police have a dispersed a group of striking workers who attempted to block a road at the Medupi power station near Lephalale on Tuesday morning, Limpopo police said. "A group of striking workers attempted to block the road, however they were dispersed by police," Colonel Ronel Otto said. 

Intelligence committee to deal with letter about SARS 'crisis'

23rd April 2015 Parliament's intelligence committee is dealing with a letter sent by former South African Revenue Service spokesperson Adrian Lackay, relating to the crisis facing the organisation. Lackay electronically sent a 29-page letter to the joint standing committee on intelligence and the standing... 

Xenophobic attacks a big worry for business

22nd April 2015 In a strongly-worded statement, Business Against Crime South Africa (Bacsa) said on Tuesday it is clear that the recent xenophobic attacks cannot be managed by the South African Police Service alone, and it is therefore calling on President Jacob Zuma and the South African National Defence Force... 

Eskom announces evening load-shedding

21st April 2015 Eskom will implement stage 1 load shedding (1 000 MW cut) for the tenth day in a row, but only from 17:00 to 22:00 on Tuesday as it tries to minimise the power cuts during the day. The power utility informed users via Twitter just before 14:00. Earlier on Tuesday, Eskom announced that there will... 

SA companies not pulling out of Africa amid xeno threats

21st April 2015 SA mining companies in Zimbabwe and several other Africa operations have not been targeted by the wave of retaliatory action over the recent xenophobic attacks in Durban and Johannesburg. Officials and sources at most mining companies in Zimbabwe and executives from the chamber of mines said as... 

Davies urged to come clean after CIPC head quits

20th April 2015 The Companies and Intellectual Property Commission (CIPC) is in "deep trouble" and possibly on the "verge of collapse", according to the Democratic Alliance (DA). This follows the shock resignation on Monday of CIPC commissioner Astrid Ludin, who told staff that she could not continue “without... 

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