Private sector needs ‘bigger role’ in economic zones
Organised business strongly urges that private sector be given greater role in the process of setting up and managing special economic zones
Labour
NUM vows to approach gold sector wage talks with ‘maturity’
Union boss Baleni moves to reassure markets, says there is no need to panic
National
MPs give Sanral the all clear on e-tolling
Cosatu protests start on Friday with blockade of Joburg roads
Financial Services
Celliers ‘will face tough world economy and regulations’
The ‘most appropriate candidate’ will be firmly in charge of South Africa’s most innovative bank at the beginning of next year
Healthcare
Actis could be a suitor for Adcock Ingram
London-based private equity firm Actis has emerged as a possible bidder for South Africa’s second-biggest drug maker, according to a source close to the deal
Science & Environment
State’s mining, biodiversity guideline cautiously welcomed
Critics say new guideline is meaningless if action is not taken to enforce its principles
Land & Agriculture
Afgri to support emerging farmers with skills development project
Afgri launches initiative to develop emerging farmers, says South Africa has some of the 'best commercial farmers in the world'
Companies
Authorities probe Zambia Sugar for tax evasion
Parent Illovo Sugar denies allegations that its subsidiary is not paying its dues to the country, writes Khulekani Magubane
Telecoms & Technology
Altech wins multimillion-rand ID smart card roll-out contract
Altech Card Solutions has been awarded a multimillion-rand tender to provide the technology for the Department of Home Affairs’ smart ID card roll-out
Business
‘Bold paradigm shift’ needed to ensure special economic zones succeed
Centre for Development and Enterprise says special economic zones must be ‘special’ to offer investors ‘a better value proposition’
BusinessDay
Autopax aims to operate in neighbouring states
South African bus operator is struggling to efficiently use its fleet of 570 buses bought in 2010, writes Nicky Smith
Amcu optimistic on reaching deal to cut Amplats job losses
Amplats, Department of Mineral Resources and four unions will hold talks at the CCMA to ensure that all alternatives to retrenchment have been exploredBusiness
Bill will change the way empowerment is measured
Two revisions to the bill and odes of good practice will change the way in which empowerment is measured in mining and multi-national companies, although for different reasons
Mining
Jubilee weighs offer to toll-treat platinum-bearing material
CEO says deal can help with cost of restoring suspended PhokaThaba operation back to production
Industrials
High prices hurt smaller plastic firms, tribunal is told
The plastic sector is a crucial component of sustainable manufacturing growth, yet experienced poor growth
Trade & Industry
Poultry group denies tariff would cause steep price rises
South African Poultry Association insists its request for safeguards against cheap frozen chicken meat imports will not raise prices beyond 10% and 15% from current prices
Financial Services
Investec reveals strategy to maintain momentum
Specialist banker plans to internationalise its wealth business and continue streamlining its banking business in bid to cut down on duplication costs
Healthcare
Pharmacies get tough on codeine abuse
Retail pharmacy sector poised to exercise stricter control over sales of medicines containing codeine
Financial Services
Retirement dream need not be a nightmare
Industry-led cost-cutting has improved returns to pensioners
Transport & Tourism
City of Cape Town awards Volvo R180m bus supply contract
Golden Arrow vows to persist with court bid to halt further rollout of the MyCiTi transport system
Guardrisk offers ‘being considered’
Alexander Forbes group CEO says offers for Guardrisk Holdings will only be considered if there are 'synergies'Business
German company feels sting of labour unrest in SA
Mercedes-Benz SA nips strike in the bud as Lanxess workers lay down tools over bonus
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
Land & Agriculture
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
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
Platinum-group metals are back in favour
Demand for platinum, palladium is set to rise as mining strikes lead to shortages, writes Nicholas Larkin
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
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
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
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
Companies
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 Africa
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
Property
Investors overlook residential property in SA
SA’s listed property sector not as keen on housing units as developed world, writes Nick Hedley
Industrials
Phaswana appointed as co-chairman at Mondi
Standard Bank chairman Fred Phaswana joins international packaging and paper group Mondi to replace Cyril Ramaphosa
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
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
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
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
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
‘Extend Reit tax regime to all’
Property owners’ association wants favourable tax dispensations of real estate investment trust structure extended to unlisted players
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
Telecoms & Technology
Companies ‘struggling’ with data processing
Too many companies in South Africa are struggling to use information technology to benefit themselves
In depth: Brics
News, views, analysis and multimedia coverage of the Brics
nations and their annual summit in Durban
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