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    1. PMI rebounds but manufacturing under pressure

      Explore Home - BusinessDay (Aug 1 2012)

      The purchasing managers’ index (PMI) rose in July but the local manufacturing sector remained under strain due to lower demand from South Africa’s key export markets, data showed on Wednesday.

      (Read Full Article)

      Mentions:   South Africa   China   Abdul Davids

    2. PMI plunges to lowest level since August

      Explore Home - BusinessDay (Jul 2 2012)

      Manufacturing activity plunged to its lowest level since August 2011 in June, with ne w sales orders and business activity hit the hardest, a key survey showed on Monday. South Africa’s purchasing managers’ index, seen as a reliable health gauge for the economy’s second-biggest sector, dropped by 5,4 points to 48,2

      (Read Full Article)

      Mentions:   South Africa   Kagiso Asset Management

    3. SA retailers ‘pushing for global stamp of approval’ for fish they sell

      Explore Home - BusinessDay (Jun 26 2012)

      SA’s supermarket chains were becoming increasingly aware of the importance of maintaining the health of SA’s, and the world’s, fish stocks and would soon demand Marine Stewardship Council (MSC) accreditation for the fish products they sold, the World Wide Fund for Nature SA (WWF SA) said yesterday.

      (Read Full Article)

      Mentions:   New Zealand   Pick n Pay

    4. Minister warns cell operators of forced rate cuts

      Explore Home - BusinessDay (Jun 25 2012)

      COMMUNICATIONS Minister Dina Pule has urged mobile operators to cut their voice and data charges again, warning she will get the regulator to force prices down if they do not make data and smartphone technology more accessible.

      (Read Full Article)

      Mentions:   Africa   Mexico   Namibia

    5. KwaZulu-Natal steps up fight against corruption

      Explore Home - BusinessDay (May 30 2012)

      KWAZULU-NATAL’s tough stance on prosecuting fraud and corruption is taking hold, with the province saying on Tuesday it had opened 590 fraud and corruption dockets between April last year and March this year, involving contracts with a value of up to R104,6m.

      (Read Full Article)

      Mentions:   South Africa   KwaZulu-Natal

    6. Security vetting for supply-chain officials

      Explore Home - BusinessDay (May 11 2012)

      The security vetting of all supply-chain officials in the public service as part of the state’s fight against corruption is under way and should be completed within six months, State Security Minister Siyabonga Cwele said yesterday. Both President Jacob Zuma and Finance Minister Pravin Gordhan promised earlier this year that all officials who handle state tenders and the procurement of goods and services would be vetted as part of an intensified fight against corruption.

      (Read Full Article)

      Mentions:   Pravin Gordhan   Jacob Zuma   Democratic Alliance

    7. SA’s nuclear tender attracts some of world’s energy giants

      Explore Home - BusinessDay (May 3 2012)

      SA’s planned nuclear tender has some of the world’s biggest energy companies sniffing around. Since the government made it known that nuclear energy would be part of the future energy mix, nuclear developers have kept South Africa on their radar screens.

      (Read Full Article)

      Mentions:   Russia   South Korea   China

    8. Chinese-made Olympic kit ‘sad day for SA’

      Explore Home - BusinessDay (Apr 18 2012)

      The Department of Trade and Industry yesterday joined trade unions in criticising a decision by the local Olympic committee to source kit for its teams from a Chinese manufacturer.

      The South African Sports Confederation and Olympic Committee (Sascoc) has signed a five-year sponsorship deal with Asian company Erken.     The deal is reportedly worth about $4m, and Erken will provide the kit for this year’s London Games and the 2016 Olympics.

      (Read Full Article)

      Mentions:   London   Asian   Department of Trade and Industry

    9. Water sector overhaul may raise prices

      Explore Home - BusinessDay (Apr 17 2012)

      Big changes in the way the water sector is administered, including possible price hikes, were on the way, Water Affairs Minister Edna Molewa said yesterday.In a harsh critique of the management of water over the past 18 years, Ms Molewa said there was a lack of leadership and management skills, with undemocratic decision making leading to poor institutional performance

      (Read Full Article)

    10. A wrap for SA’s oldest packaging firm?

      Explore Home - BusinessDay (Apr 16 2012)

      SA’s oldest packaging company, EH Walton, is fighting to reopen its doors this week after a liquidation application by its creditors forced it to close this month, leaving 450 workers without jobs. The privately owned company, established in 1845 in Port Elizabeth, had invested R22m over the past three years in modern equipment to boost its competitiveness in packaging for the confectionery, pharmaceutical, liquor and automotive sectors.

      (Read Full Article)

    11. ArcelorMittal SA faces R3bn collusion fine

      Explore Home - BusinessDay (Apr 2 2012)

      AFRICA’S largest steelmaker, ArcelorMittal SA could face a fine of more than R3bn for price fixing, the Competition Commission said on Monday.The Competition Commission has asked the Competition Tribunal to penalise ArcelorMittal and smaller competitor Evraz Highveld Steel and Vanadium up to 10% of their annual turnover for collusion.

      (Read Full Article)

      Mentions:   Reuters   Africa

    12. Review mooted over SA arms deal’s ‘generous’ offset credits

      Explore Home - BusinessDay (Mar 19 2012)

      The credits granted by the Department of Trade and Industry to arms deal suppliers were far too generous compared to those offered in most other countries, the Democratic Alliance (DA) said in Parliament last week.

      (Read Full Article)

      Mentions:   Department of Trade and Industry   ANC   Democratic Alliance

    13. Iran arms-sale probes ‘already under way’

      Explore Home - BusinessDay (Mar 16 2012)

      The National Conventional Arms Control Committee has launched an investigation of claims published last weekend that South Africans were involved in arms sanctions-busting on behalf of Iran, it emerged yesterday.

      (Read Full Article)

      Mentions:   United Arab Emirates   Qatar   Algeria

    14. Fund did get preference — Cele

      Explore Home - BusinessDay (Mar 9 2012)

      SUSPENDED national police commissioner Gen Bheki Cele yesterday conceded that the identification of two buildings to accommodate the South African Police Service (SAPS) in Pretoria and Durban compromised the tender process.

      (Read Full Article)

      Mentions:   Jacob Zuma   Department of Public Works

    15. Committee keeps lid on arms deal offsets report

      Explore Home - BusinessDay (Mar 8 2012)

      Parliament’s trade and industry committee yesterday voted to keep secret a confidential report which allegedly disclosed significant underperformance of offset obligations by one of the major suppliers in the government’s multibillion-rand arms deal.

      (Read Full Article)

    16. Spend it or lose it, warns Gordhan

      Explore Home - BusinessDay (Feb 22 2012)

      SA GOVERNMENT departments and municipalities not spending their allocated infrastructure funding will risk losing the allocations, and the relevant officials will be held liable, Finance Minister Pravin Gordhan warned on Thursday.

      (Read Full Article)

      Mentions:   Pravin Gordhan

    17. Commission ‘hard at work’ preparing for arms deal inquiry

      Explore Home - BusinessDay (Feb 21 2012)

      THE arms deal commission of inquiry, formed to lay to rest allegations of corruption against the government, is still "setting up the infrastructure" for the work ahead, four months after its formation was announced in October. (Read Full Article)

      Mentions:   Johannesburg   Jacob Zuma   Jeff Radebe

    18. Transnet appoints BEE audit firm

      Explore Home - BusinessDay (Feb 20 2012)

      State-owned enterprise Transnet has appointed SizweNtsalubaGobodo, the accounting firm, as its external auditor, Public Enterprises Minister Malusi Gigaba said on Monday.

      (Read Full Article)

      Mentions:   Johannesburg

    19. Patel outlines new ‘integrity pact’ to screen firms for big-project deals

      Explore Home - BusinessDay (Feb 15 2012)

      As the SA government ramps up its infrastructure spend, Economic Development Minister Ebrahim Patel has insisted on ‘value for money’

      EMBOLDENED by a broadly positive response to infrastructure plans outlined by President Jacob Zuma last week, the government appears to be trying to use the contracts likely to be involved to further bend business and the unions to its "developmental" agenda and its view of how business and labour under a state-led mixed economy should behave.

      (Read Full Article)

      Mentions:   Jacob Zuma   Ebrahim Patel

    20. Zuma commits to fight crime, corruption

      Explore Home - BusinessDay (Feb 10 2012)

      While the 5% reduction in serious crime showed some delivery in the fight against crime, the government would not become complacent, and fighting crime and corruption would remain a priority, President Jacob Zuma said last night.

      With corruption in the procurement of goods and services in government being a major problem, Mr Zuma made a key undertaking by saying that, among others, there will be "vetting of supply-chain personnel" in government departments.

      (Read Full Article)

      Mentions:   Jacob Zuma

    21. SA Offset programme reviewed

      Explore Home - BusinessDay (Feb 9 2012)

      The South African Department of Trade and Industry is undertaking a major review of its national industrial participation programme (NIPP), which obliges contractors supplying goods to the state valued at $10m or more to invest in the local economy.

      (Read Full Article)

      Mentions:   Parliament   Department of Trade and Industry

    22. Top Durban ANC names in fraud report

      Explore Home - BusinessDay (Feb 7 2012)

      ETHEKWINI’s former mayor, Obed Mlaba, former municipal manager Michael Sutcliffe, several department heads and many employees have been named in a far-reaching probe into fraud, corruption and maladministration.

      (Read Full Article)

      Mentions:   KwaZulu-Natal   ANC   Democratic Alliance

    23. Forensic audit unveils corruption in eThekwini

      Explore Home - BusinessDay (Feb 7 2012)

      A forensic audit of the eThekwini municipality has revealed widespread corruption, Nomusa Dube, KwaZulu-Natal MEC of co-operative governance and traditional affairs, said on Tuesday.

      (Read Full Article)

      Mentions:   Nomusa Dube

    24. Business and government ‘are both to blame for BEE failures’

      Explore Home - BusinessDay (Feb 3 2012)

      CAPE TOWN — The government and business had both failed to implement black economic empowerment and preferential procurement legislation properly to achieve economic transformation, a senior National Planning Commission (NPC) official said yesterday.

      (Read Full Article)

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