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May 27, 2015
IMD World Competitiveness Center director Arturo Bris
   
Updated 5 hours ago South Africa slipped one position, from 52 to 53, in the latest world competitiveness ranking, which highlighted power and infrastructure shortfalls, high youth unemployment, as well as inadequate education and technical skills availability as key challenges to the...
 
May 27, 2015
May 27, 2015
Article contains comments
Deputy President Cyril Ramaphosa
State-owned enterprises (SOEs) have the potential to stimulate “reindustrialisation and radical economic transformation”, Deputy President Cyril Ramaphosa said during the Presidency’s budget vote debate on Tuesday. Ramaphosa said it made sense for the efforts of SOEs...
May 27, 2015
While global economic factors impacted South Africa’s weak growth prognosis, there were binding constraints coming from the electricity supply uncertainties, said Reserve Bank (Sarb) deputy governor Francois Groepe. On Tuesday, Stats SA said the country’s GDP...
May 27, 2015
Kriel power station
South African power utility Eskom faces a 17-million tonne coal shortfall by 2017 at its coal-fired power plants, a Cabinet Minister said on Wednesday. The shortfall is anticipated in 2015 at Matla, Tutuka and Hendrina power stations and in 2016 at Kriel and Arnot...
May 27, 2015
Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium on Wednesday announced that a dispute with financial services provider Sasfin Bank had been resolved. On Monday, Evraz Highveld said it had launched an urgent High Court...
May 27, 2015
JSE-listed Growthpoint Properties’ Kirstenhof Office Park, in Johannesburg, has become the hundredth building in South Africa to achieve a Green Star SA certification from the Green Building Council of South Africa (GBCSA), securing a 5-Star Green Star: Existing...
May 27, 2015
National carrier South African Airways (SAA) proposes to introduce another West Africa–US link as an air route between Accra, in Ghana, and Washington, in the US, from August. The development formed part of the State-owned airliner’s long-term turnaround strategy.
May 27, 2015
 
May 27, 2015
Agriprofessionals play a vital role in ensuring that the produce on shop shelves and delivered to outlets across the world, is of a high standard, helping to grow the agriculture sector and build a sustainable economic future, says Western Cape Minister of Economic...
May 27, 2015
The installation of an R8-million roof-mounted solar photovoltaic (PV) energy harvesting system by diversified South African agribusiness BKB is set to provide energy to, and reduce the carbon footprint of, South Africa’s wool and mohair industry, in Nelson Mandela...
May 27, 2015
JSE-listed Dipula Income Fund reported that its distributable earnings grew 33.2% in the six months ended February 28, translating into a combined growth of 6.8% in distributions for both A- and B-linked units. The distribution attributable to the A-linked units was...
May 27, 2015
NASREC MEMORIAL PARK
JSE-listed residential property developer Calgro M3 Holdings’ subsidiary, Calgro M3 Memorial Parks has diversified its portfolio by officially launching its first memorial park, in Nasrec, near Soweto. This is the first development of its kind by Calgro M3 in what it...
May 27, 2015
Proposed regulations by the Department of Health have driven manufacturers back to sugar while the search is on for new, more natural sweeteners, creating uncertainty in the nonnutritive sweetener segment, which could affect profits. This was according to Frost &...
May 27, 2015
Suggesting market-share gains by the retail group, Massmart CEO Guy Hayward reported on Wednesday that the company had managed to grow its sales by 9.5% in the first 20 weeks of this year, despite “intense” competition in the retail sector. Comparable sales grew 7.4%...
May 27, 2015
Despite its challenges, Africa remains an attractive long-term global investment destination, with its younger and fast-urbanising populations and rising levels of income presenting opportunities to a significantly liquid global financial market, Nedbank economist...
May 27, 2015
Africa's second-biggest copper producer Zambia has cut its power generation by 300 MW after water levels in the Kariba dam, a key source of hydropower, dropped following a prolonged drought, its deputy minister of energy said on Tuesday. Charles Zulu said Zambia...
 
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