Appeal to give new law on fisheries more time
Inconsistencies, omissions, obtuse language and weakening of existing legislation pepper Minister Tina Joemat-Pettersson’s proposed amendments
Business
NEWS ANALYSIS: Empowerment lobby gains some significant victories
Black economic empowerment, thanks to its strong proponents, is again at the centre of several important discussions, writes Carol Paton
Labour
Bonus row causes strike at Lanxess chrome mine
DAX-listed speciality German chemicals group says NUM breached ‘long-standing’ agreement over bonuses, precipitating violent strike at chrome mine near Rustenburg
Labour
‘Incredibly steep’ NUM demands shock sector
Union piles pressure on industry that is battling costs, strikes
Companies
Guardrisk offers ‘being considered’
Alexander Forbes group CEO says offers for Guardrisk Holdings will only be considered if there are 'synergies'
Companies
Platinum-group metals are back in favour
Demand for platinum, palladium is set to rise as mining strikes lead to shortages, writes Nicholas Larkin
Business
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
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
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
Severe lack of supply chain skills ‘hindering trade for SA’
University of Johannesburg’s 2012 Supply Chain Skills Gap Survey shows severe shortage of supply chain skills in South AfricaIndustrials
Phaswana appointed as co-chairman at Mondi
Standard Bank chairman Fred Phaswana joins international packaging and paper group Mondi to replace Cyril Ramaphosa
Media & Advertising
State fund invests in Independent group
Government Employees Pension Fund will acquire 25% stake in newspaper group Independent News & Media South Africa
Industrials
Barloworld says all business units performing ahead of last year
Performance of automotive and logistics units and Bucyrus business lift group’s revenue
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
Markets
Jitters over unsecured loans, mine wage talks knock rand
JSE’s recent rally stalled, while rand extended its slide
African 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
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
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 unchangedRetail & 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
Telecoms & Technology
Companies ‘struggling’ with data processing
Too many companies in South Africa are struggling to use information technology to benefit themselves
Business
A company’s transparency ‘earns respect’ in SA
Urban South Africans increasingly, and overwhelmingly, in favour of responsible business practices, new survey finds
Business
BEE lobby eyes bigger share of state spend
Push for higher weighting in parastatal procurement rules
Economy
Local manufacturing sector ‘in dire straits’
Bunched-up increases in administered prices a ‘significant challenge’, writes Mark Allix
Energy
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
In depth: Brics
News, views, analysis and multimedia coverage of the Brics
nations and their annual summit in Durban
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