PMI up, shows post-strike recovery

11 minutes ago

The HSBC Purchasing Managers' Index has risen to 51.1 in August from 46.4 in July, snapping a four-month contraction after the resolution of a protracted strike.

Footwear sector shows promising jobs growth

2014-09-01 07:42

Employment in the footwear and leather sector has grown by 5% between 2012 and 2014 as the industry stabilises, says Trade and Industry Minister Rob Davies.

Trade deficit widens

2014-08-29 15:19

South Africa's trade deficit has widened more than expected in July, from a R190m shortfall in June, data from the South African Revenue Service shows.

Credit growth quickens to 9.77%

2014-08-29 09:41

Growth in credit demand from South Africa's private sector quickened to 9.77% year-on-year in July from a revised 8.63% in June,says the Reserve Bank.

Headline producer inflation slows

2014-08-28 12:13

South Africa's headline producer inflation has slowed year-on-year in July from 8.1% in June, says Statistics SA.

SA mining at a crossroads

2014-08-27 20:08

Mining in SA is facing perhaps the most uncertain time in its history, with lower rates of investment and major mining houses slimming down to core businesses.

E-tolls an immoral project - Cosatu

2014-08-27 16:30

E-tolls will add to the burden of the poor, who will be forced to pay more to travel on highways which were previously free of charge, says Cosatu.

Rand firms against the greenback

2014-08-26 18:57

The rand has ended slightly firmer against the dollar on the back of a positive gross domestic product number.

Lonmin dismisses job cut reports

2014-08-26 17:42

Lonmin says its immediate focus is to achieve a safe ramp-up of production in order to rebuild the business and restore profitability.

SA avoids recession

2014-08-26 11:59

SA's economy avoided slipping into a recession in the second quarter, as growth in the agriculture and financial industries outweighed a hammering in the mining sector.

Fitch leaves ratings downgrade unchanged

2014-08-22 13:40

The failure of African Bank would not see it lower its ratings for the five biggest SA banks as the likelihood of contagion is limited, says Fitch.

No need for pension fears - govt

2014-08-21 18:42

The government has given assurances that proposed pension reforms will not see the state nationalise pension funds or prevent withdrawals when workers change jobs.

Power problems

2014-08-21 07:20

It is like an iron law: no electricity, no modern economy, says Leopold Scholtz.

Unions will not buy Amplats mines

2014-08-21 07:00

Mining unions Amcu and NUM say they have no plans to buy two mines Amplats is selling off as it seeks to focus on more profitable, mechanised operations.

Labour act ends exploitation of workers - ANC

2014-08-20 15:30

The newly signed Labour Relations Amendment Act will improve workers' constitutional rights and promote fair labour practices, says the ANC.

Business rescue!

2014-08-20 08:08

More than 1 000 business need to be rescued to avoid liquidation.

Davies: SA has no business law experts

2014-08-19 16:10

South Africa has no specialised business law practitioners to deal with company law, Trade and Industry Minister Rob Davies.

Nene: Govt serious about jobless youth

2014-08-15 18:44

Finance Minister Nhlanhla Nene says the government is committed to dealing with unemployment after treasury announced changes for the R9bn Jobs Fund.

Jim: NDP a move to replace Freedom Charter

2014-08-15 07:05

There are attempts to replace the Freedom Charter of Ruth First with its polar opposite, the National Development Plan, says Numsa general secretary Irvin Jim.

Mining communities march on Lekgotla

2014-08-13 17:38

Hundreds of people from mining towns have marched on the mining lekgotla in protest over not being included in matters affecting the industry.

Cosatu warns of break-up

2014-08-13 13:58

The Congress of SA Trade Unions says that requests for a special congress may lead to a split within the trade union federation.

Mining must benefit majority: Ramatlhodi

2014-08-13 11:30

"We have a unique opportunity to change this industry for the better, to ensure that it represents our ideals," Mineral Resources Minister Ngoako Ramatlhodi says.

No contagion risk from African Bank

2014-08-11 14:53

Investors have shrugged off a financial meltdown that appeared to pose no wider risk to the banking sector, following news of a bail-out for African Bank.

SA is a treasure trove, says chamber CEO

2014-08-08 19:56

South Africa's mining sector remains a favourable place for foreign investment, despite the platinum strike, says Chamber of Mines chief executive Bheki Sibiya.

Numsa condemns killing of shop stewards

2014-08-07 15:53

The National Union of Metalworkers has condemned the killing of three of its shop stewards in KwaZulu-Natal.


Fracking pollutes drinking water: action group

2014-09-01 14:00

The government must stop the process of regulating shale gas exploration until it has considered all the evidence, the Treasure Karoo Action Group says.

Treasury is hypocritical: Busa

2014-08-29 16:31

The National Treasury is hypocritical for saying it is not in favour of ring-fencing taxes when it has done so for infrastructure projects, Business Unity SA says.

Household credit growth slows

2014-08-29 14:46

The year-on-year growth in outstanding credit balances within the household sector has slowed to 4.1% at the end of July, Absa says.

Food, tobacco take PPI higher

2014-08-28 15:31

The producer price index for final manufactured goods climbed by 0.5% from June to July and was led by food products, beverages and tobacco products, data shows.

E-tolls 'only effective' funding option

2014-08-28 10:54

E-tolling is the only effective funding model to improve Gauteng's road infrastructure, says an engineering body.

Refund e-toll users, says Fedusa

2014-08-27 18:57

E-tolling should never have been implemented and those who have paid their e-toll bills should be refunded, the Federation of Unions of SA says.

Survey to measure poverty in SA

2014-08-27 15:41

Statistics SA will conduct a survey to measure the level of poverty and inequality in the country.

JSE rises as economy ducks recession

2014-08-26 18:22

Shares on the Johannesburg bourse have ticked higher as news the economy had avoided sinking into a recession sent a sigh of relief through the markets.

Private sector can rescue the economy

2014-08-26 16:19

South Africa's economy can grow to above 5% if the ease of doing business in the country improves, says Investec economist Annabel Bishop.

New Eskom hike may be last straw for indebted

2014-08-22 17:01

The extra tariff hike Eskom will impose later this year may just drive many already deeply indebted consumers into dire poverty, says an economist.

Mantashe: Private sector must deal with past

2014-08-22 08:25

The private sector is too slow to transform and must be able to deal with apartheid moving forward, says ANC secretary general Gwede Mantashe.

Govt 'not seeking Zim-type' land situation

2014-08-21 09:09

Farmers concerned about reforms must realise that government does not want a land situation similar to that of Zimbabwe, says Agriculture Minister Senzeni Zokwana.

Thinking strategically

2014-08-21 07:19

Do policymakers actually consider improving trade performance, asks Geoffrey Chapman.

Concern over informal trading in Joburg

2014-08-20 17:45

Everyone involved in talks about informal trading in the Johannesburg city centre has concerns about the current situation, the city says.

Parliament to be petitioned on visa regulations

2014-08-20 12:32

Western Cape economic opportunities MEC Alan Winde plans to petition parliament to suspend the new visa regulations due to come into effect on October 1.

More than 1 000 businesses need rescuing

2014-08-19 19:14

More than 1 000 business need to be rescued to avoid liquidation, says Trade and Industry Minister Rob Davies.

Jonas: SA needs formidable farming sector

2014-08-18 15:17

Growth in the agricultural sector must become more formidable and contribute to the country's gross domestic product, says Deputy Finance Minister Mcebisi Jonas.

KZN needs R17bn for roads

2014-08-15 09:53

KwaZulu-Natal's transport department needs R17bn to tackle the backlog in road maintenance, according to a report.

Trade activity for July in negative territory

2014-08-14 14:00

The Trade Activity Index has dipped well below 50 for the first time this year, the SA Chamber of Commerce and Industry says.

Retail sales flat at 0.0%

2014-08-13 14:00

Retail sales have been flat at 0.0% year-on-year in June, sharply undershooting market expectations, compared with a revised 2.6% expansion in May.

Farmers raise concerns on land reform

2014-08-13 13:00

Commercial farmers have raised questions and concerns about land reform with ANC secretary general Gwede Mantashe.

Sarb warns on high wage expectations

2014-08-13 10:25

Rand weakness is beginning to affect consumer prices, while labour and business wage inflation expectations are "uncomfortably high", says the SA Reserve Bank.

Nene: Abil shows tightened financial control

2014-08-11 12:30

African Bank being placed under curatorship is an example of how the Treasury has strengthened its financial sector oversight, says Finance Minister Nhlanhla Nene.

Sibiya: Mining industry vibrant and thriving

2014-08-08 14:58

Chamber of Mines chief executive Bheki Sibiya says the mining industry is the backbone of the economy, adding that people need mineral products.

ANC rejects claims of cash for govt jobs

2014-08-07 07:00

The ANC is a donor-driven organisation but levies and contributions are not paid to the party in return for government jobs, says treasurer general Zweli Mkhize.

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