Black business to seek ruling on BEE limits
Black Business Council will test the Treasury’s prohibition of ‘set-asides’ for black-owned firms in awarding government contracts
Companies
Sasol plans office behemoth in Sandton
Petrochemicals giant consolidating Gauteng offices into new building that will be among the country’s largest private, single-tenanted office developments
Business
Busa says private sector must ‘play bigger role’ in zone development
Business Unity South Africa supports proposed Special Economic Zones Bill, but says private sector needs greater role in developing zones
Transport & Tourism
Gautrain fares to rise, bus fares unchanged
Rail service fares to rise an average of 6% in June, with 9% increase for airport service, while supporting bus fares remain unchanged
Telecoms & Technology
Using licensed software delivers economic benefits
Study finds use of licensed software could substantially boost country’s gross domestic product and provide significant return on investment for companies
Land & Agriculture
Concern over time allowed to comment on marine bill
Academics, environmentalists concerned about public participation process for Marine Living Resources Amendment Bill, say it contains ‘inconsistencies’ on rights
Markets
Jitters over unsecured loans, mine wage talks knock rand
JSE’s recent rally stalled, while rand extended its slide
Healthcare
Netcare CEO says Competition Commission must also probe pharmaceuticals
CEO Richard Friedland says he is disappointed that Competition Commission’s planned inquiry into private healthcare sector will exclude pharmaceutical sector
Industrials
Barloworld says all business units performing ahead of last year
Performance of automotive and logistics units and Bucyrus business lift group’s revenue
State fund invests in Independent group
Government Employees Pension Fund will acquire 25% stake in newspaper group Independent News & Media South AfricaAfrican Business
Serviced offices in Africa ‘among dearest in world’
High office rents in Africa due to limited supply and strong international demand, according to UK-based flexible office specialist
Property
Investors overlook residential property in SA
SA’s listed property sector not as keen on housing units as developed world, writes Nick Hedley
Retail & Consumer
Pioneer feels pinch as consumers cut spending
Pioneer Food Group reports 0.6% drop in headline earnings per share for six months ended March as rising utility, education and transport costs put strain on households
Markets
Union’s mining wage demands send rand to four-year low
High wage demands by National Union of Mineworkers for workers in coal and gold mines drive rand down at prospect of more industry turmoil
Land & Agriculture
State settles restitution claims to tune of R1bn, says land minister
Government settles 602 restitution claims in financial year to end of March, after land reform department previously failed to pay farmers
Labour
Swift end to strike at Mercedes-Benz East London plant
Car maker lauds Numsa for calling end to protest following talks with company’s management
Trade & Industry
Meat group cries foul over poultry body’s secret figures
Association says South Africa currently has one of the most unprotected poultry industries in the world
Telecoms & Technology
Takeover of Altech ‘was Altron’s plan’
CEO says shareholders will back offer to buy remaining shares
Business
Trumping clause ‘brings BEE certainty’
Introduction of a trumping clause wins support of MPs, despite the Department of Trade and Industry’s initial opposition to the measure
Transport & Tourism
Losing consortium gives up bid to stop R51bn Prasa rolling stock fleet tender
Dudula says it decided to use resources elsewhere than fight long legal battle
Property
‘Extend Reit tax regime to all’
Property owners’ association wants favourable tax dispensations of real estate investment trust structure extended to unlisted players
Business
A company’s transparency ‘earns respect’ in SA
Urban South Africans increasingly, and overwhelmingly, in favour of responsible business practices, new survey finds
Telecoms & Technology
Companies ‘struggling’ with data processing
Too many companies in South Africa are struggling to use information technology to benefit themselves
Economy
Local manufacturing sector ‘in dire straits’
Bunched-up increases in administered prices a ‘significant challenge’, writes Mark Allix
BEE lobby eyes bigger share of state spend
Push for higher weighting in parastatal procurement rulesEnergy
Eskom was ‘on the brink of a power shutdown’
Eskom ‘came as close to the edge as you can get’ last Monday evening when the available power supply exceeded demand, according to the company
Telecoms & Technology
Bungling at Icasa in the spotlight
Fresh questions about bungling at telecoms regulator Icasa as Vodacom gears up to fight regulator’s claim of R77.8m for alleged licensing fee arrears
National
Sanral ‘refuses’ to disclose Winelands toll costs, says City of Cape Town
Democratic Alliance-led City of Cape Town proves to be latest stumbling block for roads agency’s bid to toll particular roads
Labour
Platinum jitters as turf war flares in Marikana
Platinum companies remain on edge, with tensions raised by Anglo American Platinum’s plan to retrench 6,000 workers to remain profitable
Business
Gym chains move up, down and into Africa
The gym business is largely recession-proof in South Africa — and now the country’s two big chains are taking aim at lower-income groups
In depth: Brics
News, views, analysis and multimedia coverage of the Brics
nations and their annual summit in Durban
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