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Economy

Red tape choking SA’s economy, manufacturing indaba told

Minister of Trade and Industry Rob Davies and Mpact CEO Bruce Strong attend the annual Manufacturing Indaba in Boksburg on Monday. Picture: PUXLEY MAKGATHO

Sector needs fewer regulations, quick and agile businesses and stronger ties to universities to advance industrial innovation

Transport & Tourism

Rumbles over Uber as bus system deal inked

Picture: GETTY IMAGES

City of Johannesburg wants ‘some regulation over moving force’ of app-based taxi service Uber

Health

Genesis persists with minimum benefits dispute

Picture: THINKSTOCK

State, which has been in talks with industry, is unsure whether to publish proposed revision, writes Tamar Kahn

Energy

Eskom to study Nersa decision to reject tariff hike application

Thava Govender.  Picture: RUSSELL ROBERTS

Power utility says it will study details of Nersa’s decision and consult government before commenting further on impact of decision

Labour

Gold companies table opening offers

Picture: AFP PHOTO/OZAN KOSE

NUM says negotiators are ‘poles apart’ after miners offer wage increases of between 7.8% and 13% at entry level, as well as profit sharing

Transport & Tourism

Putco cancels bus services in three municipalities

Putco bus. Picture: GALLO IMAGES

Putco Bus Services indicates its intention to cease operations in Tshwane‚ Ekurhuleni and Sedibeng municipalities with effect from Tuesday

Telecoms & Technology

Econet sets sights on money transfers in SA

Picture: THINKSTOCK

Zimbabwe’s biggest mobile network operator Econet Wireless takes on Western Union or MoneyGram to serve 1-million registered mobile money transfer customers in SA

Opinion

Some firms have outgrown the empowerment label

Tectonic plates are shifting in the black economic empowerment space

Picture: SUNDAY TIMES

Nersa declines Eskom tariff increase

National Electricity Regulator of SA turns down application to raise price of electricity, says utility did not provide reasons for delays in commissioning stations

Standard Bank

Smaller maize crop shouldn’t affect consumer or livestock feed prices

MC Loock. Picture: STANDARD BANK

High stock levels from last season will cushion economic impact but farmers in drought stricken areas must make new plans for next season

Featured Partner

The Field Office

The power of passionate sales

Picture: ANDRIES JOUBERT

Simple, feature-rich apps such as Field Office’s Honeybee provide tools for businesses that not only simplify sales but also help to bring passion back into selling

Brand Voice

Financial Services

Without real inclusivity, there can be no growth

The lack of inclusive growth in SA is highlighted by the ever-widening gap between rich and poor, which continues to be of great concern to politicians, policy makers and labour unions . Picture: SOWETAN

Red tape, a lack of access to finance and credit and the high cost of doing business hobble SMEs in SA, writes Bekezela Phakathi

Business

Business process outsourcing sector creates 4,400 new jobs over last year

Picture: SUNDAY TIMES

Industry body says domestic operations still make up the majority of business process outsourcing jobs in the Western Cape, but recent job growth has resulted from foreign investment

Business

BEE has paid off to the tune of R317bn

Picture: THINKSTOCK

Black economic empowerment deals by JSE companies result in R317bn passing into the hands of black partners, employees and communities since 2000

Trade & Industry

Manufacturers to address challenges at indaba

Picture: THINKSTOCK

Second Manufacturing Indaba commences at Emperors Palace where key topics on the agenda will include load shedding, declining exports and rising input costs

Durban Tourism Indaba. Picture: RAJESH JANTILAL

Hanekom orders review of Tourism Indaba

Tourism Minister Derek Hanekom plans overhaul of ‘uncompetitive’ annual Tourism Indaba and plans fresh partners

Transport & Tourism

Sanral defends signs of loopholes in new e-toll rules as critics cry foul

Picture: SOWETAN

New e-tolls dispensation requires ‘regulatory and system changes’ still to be gazetted, says South African National Roads Agency

Property

SA office spaces are all dressed up — with no one to fill them

Picture: THINKSTOCK

Sluggish economy hits property funds as few companies seek new office space, writes Alistair Anderson

Management

Seven steps for selling your ideas

Picture: THE NEW YORK TIMES/TONY CENICOLA

Here are some steps you can take to get people on board when pitching a new idea

Mining

Political royalty told to pay for Aurora

EQUAL: President Jacob Zuma and Michael Hulley at the Constitutional Court in 2008. Picture: THE TIMES

Aurora Empowerment Systems’s directors and management — including elements of SA’s political elite — stand personally liable for about R1.7bn

Business

Cabinet approves revised investment bill

Minister in the Presidency Jeff Radebe. Picture: GCIS

Long-awaited bill will provide uniform framework for foreign and local investment and will ultimately replace bilateral investment treaties

Opinion & Analysis

Rein in your spending to gain financial freedom

Picture: THINKSTOCK

Consumer lending and spending on non-essential items remains high despite the soaring cost of living, writes Michael Griffin

Business

E.tv loses set-top box encryption battle

Department of Communication Minister, Faith Muthambi addressing post cabinet media briefing at Imbizo Centre in Cape Town on Thursday. Picture: GCIS/NTSWE MOKOENA

Judgment clears way for the government to implement the migration from analogue to digital TV broadcasting

Labour

No let-up in Amcu and NUM’s battle for membership

Joseph Mathunjwa. Picture: PUXLEY MAKGATHO

Centralised bargaining has a positive effect on labour stability but remains a pipe dream for platinum sector, writes Karl Gernetzky

Trade & Industry

All applications for support likely to be adjudicated by end of July, says Davies

Trade and Industry Minister Rob Davies briefs the media on the amended black economic empowerment act on Tuesday.  Picture: GCIS

Trade and Industry Minister Rob Davies says only outstanding applications for manufacturing competitiveness enhancement incentive are those that lack sufficient information to adjudicate

Asia-Pacific

Mining mechanisation may leave SA behind

Workers exercise before work at an iron-ore mine in Western Australia. Automation at mines in the region is driving down production costs and prices of the metal. Picture: REUTERS/DAVID GRAY

Technological innovation is driving down costs while reducing the workforce, writes Clyde Russell

Economy

Producer inflation accelerates more than expected

factory manufacturing XXX Picture: THINKSTOCK

Statistics SA data show that producer inflation for final manufactured goods increased year on year in May as drought pushes up maize prices

Transport & Tourism

Taxi group decries subsidy gaps as it eyes bus routes

Noord Street taxi rank in Johannesburg is part of a much larger system that has democratised the movement of people. Picture: SUNDAY TIMES/ERIC MALEMA

Provincial government orders bus operators to take on black economic empowerment partners to qualify for subsidies

Opinion

Diversify in small global bets

Theo Kocken, professor of risk management at VU University Amsterdam, tells Michel Pireu: ‘We need to adjust our economic policies to better reflect human nature’

Labour

Gold companies to base offers on individual circumstances

Picture: REUTERS

Chamber of Mines says five companies negotiating increases in sector will put forward wage, gain-share offers based on individual financial circumstances

Transport & Tourism

Uber plans to create 15,000 jobs in SA by 2017

Picture: BLOOMBERG/ANDREW HARRER

Despite taxi competitors warning of job losses because of its competitive pricing, Uber sets itself ambitious target of creating 15,000 jobs in South Africa by 2017

National

Miner stricken with lung disease came home to die

Zama Gangi and his wife Matshezi talk about the hardships of life since Zama returned from working in the mines with silicosis. Picture: LOYISO MPALANTSHANE

Eastern Cape man is part of a group who plan to seek compensation after contracting silicosis while working underground

Transport & Tourism

Home Affairs refutes tourism drop claims

Picture: THINKSTOCK

Department highlights the Ebola epidemic in West Africa, recent xenophobic violence in SA and weaker economy as possible causes for decline in tourism

Gadgets & Gear

Facebook to partner with Cell C for free internet in SA

Picture: REUTERS

It was only a matter of time before Facebook launched its free internet service in SA, but it can now be confirmed its launch partner will country’s third-largest mobile operator

Opinion

Crisis demands we ditch our aversion to lowly paid jobs

A group of men sit along a road looking for work. Picture: SUNDAY TIMES

It is time to stop the wishful thinking and grand but empty promises. SA needs to make some bold new choices and change course

Opinion

Black social capital should not be wasted

Black professionals should maximise use of their political networks, insight into the lives of the majority, and affirmative action and black economic empowerment

Growth Engines

Buildings can be smart frameworks

Asset Control MD John Keramianakis and Broll Property Group CEO Malcolm Horne talk facilities systems at the BD-TV Studio in Rosebank. Picture: FREDDY MAVUNDA

Broll and Asset Control are working together in a facilities management revolution using innovative design and technology, writes Katy Chance

Labour

Enforced minimum wage ‘will sink small businesses’

Picture: THINKSTOCK

Representatives, business owners caution government to consider rising number of liquidations and cost of doing business when considering a benchmark for income

Management

Four ways to lead others when you’re not an expert

Picture: THE NEW YORK TIMES/TONY CENICOLA

Better to adopt a "generalist" style than be a "specialist" leader when promoted into a job with responsibilities outside your speciality

Business

Dube TradePort CEO dismissed

Dube TradePort head office.  Picture: SUPPLIED

After conclusion of disciplinary process, Saxen van Coller is sacked from her R2.5m-a-year job for failing to disclose previous criminal offences

Energy

Key PetroSA executives finally suspended

Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL

Board of state-owned oil company PetroSA sends home CEO Nosizwe Nokwe-Macamo and chief financial officer Lindiwe Mthimunye-Bakoro

Mining

Supply glut set to undermine iron ore rally, says Goldman

Cranes unload iron ore from a ship at a port in Rizhao, Shandong province, China.  Picture: REUTERS

Iron-ore headed back below $50/tonne as low-cost supplies from Australia and Brazil expand and a slump in steel squeezes mills’ profits, says Goldman Sachs

Economy

BER Q2 manufacturing index down 1 point quarter on quarter to 29

factory worker XXX  Picture: THINKSTOCK

Manufacturing business confidence edges one point lower quarter on quarter to 29 index points in second quarter of 2015 amid weak domestic demand

Standard Bank

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