Category Archives: Business

South African companies ready for a second wind

Euler Hermes, the worldwide leader in trade credit insurance presents its latest analysis on the global economy and the related impact on South Africa’s export performance. The global economy is expected to prove its resilience in 2016 registering +2.4% growth, after a year of turbulences. It should pick up moderately to +2.8% in 2017, driven up by the U.S. post-election uncertainty, and emerging markets. However, as a consequence of the still modest global growth outlook, business insolvencies are expected to accelerate by +2% in 2017,…

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UN Commission: New Investments in Global Health Workforce Will Create Jobs and Drive Economic Growth

The Presidents of France and South Africa today called for urgent investments globally to create new jobs in the health sector in order to prevent a projected shortfall of 18 million health workers primarily in low- and lower-middle-income countries, and help countries to maximize the social and economic benefits of increased health employment. The High-Level Commission on Health Employment and Economic Growth, chaired by H.E. François Hollande and H.E. Jacob Zuma, today delivered its final report and recommendations to United Nations Secretary General Ban Ki-moon…

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AngloGold

AngloGold Ashanti Generates Strong Cash Flow in Q1; Operations Solid

AngloGold Ashanti today announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the first quarter of last year. AngloGold Ashanti has delivered on a range of self-help measure to reduce debt using internally generated funds, without diluting shareholders. The company, which has 17 mines in nine countries, has made significant cuts to corporate…

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IFP

Destruction Of Factories Will Lead To Job Losses

The Inkatha Freedom Party is concerned by the wanton destruction of privately owned businesses as well as state property stemming from community dissatisfaction with the selection of candidates for the forthcoming local government elections. “We understand that democratic principles must inform the way candidates are selected for the local government elections and that communities have a right to nominate their future representatives, but we cannot condone the wanton destruction of factories and municipal infrastructure. Recently we have seen community members in many parts of the…

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VF+

Bal is aan die rol om Highveld Steel te red na VF Plus-optrede

ʼn Versoek van die VF Plus aan die voorsiter van die parlementêre portefeuljekomitee oor handel en nywerheid om dringend in te gryp in ʼn poging om die staalvervaardiger Highveld Steel van ondergang te red, het vrugte afgewerp sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor handel en nywerheid. Adv. Alberts sê die voorsitter van die komitee, me. Joanmariae Fubbs, het ʼn dringende vergadering aangevra met die minister van handel en nywerheid, dr. Rob Davies, om antwoorde van hom te kry oor waarom…

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VF+

VF Plus-reaksie op Begroting: “Terug na basiese ekonomiese grondwaarhede”

Die minister van finansies se begroting kan as ʼn “terug na basiese ekonomiese grondwaarhede” beskryf word. Die minister het fiskale dissipline beklemtoon met die voorneme om miljarde te bespaar deur beter beheer oor staatsaankope en deur besparing. Dit is stappe in die regte rigting. Die maatreëls rondom staatsbeheerde entiteite word ook verwelkom as stappe in die regte rigting. Hoewel hy dit nie as privatisering wil beskryf nie, stel hy vennootskappe met die privaatsektor, rasionalisering en die uitfasering van sommige entiteite voor wat as besliste stappe…

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IFP

Budget 2016: A Shareholders Report to South Africa Inc.

The President of the Republic is akin to being the Chairperson of South Africa Incorporated, with ministers appointed to sit on a board; they serve 5 years tenure with the people of South Africa as shareholders. Accounting for every fiscal cent spent should be clearly articulated and transparent so that the shareholders are cognisant of the performance of their investments. Remember every cent spent by government is at the courtesy of the tax paying shareholder. Every year the shareholders of South Africa are presented with…

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VF+

VF Plus gryp op parlementêre vlak in om Highveld Steel te probeer red

Die VF Plus het die voorsiter van die parlementêre portefeuljekomitee oor handel en nywerheid in ʼn skrywe versoek om dringend in te gryp in ʼn poging om die staalvervaardiger Highveld Steel van ondergang te red,” sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor handel en nywerheid. Adv. Alberts sê alhoewel dit in hierdie stadium blyk dat die maatskappy nie meer gered kan word nie, rus daar wel ʼn verpligting op die staat om ingevolge ʼn onderneming van die Industriële Ontwikkelingskorporasie (IOK) die…

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Euler Hermes Economic Outlook 2016: Global GDP growth remains limited

Johannesburh – 12 February 2016 – Global GDP will only grow by 2.8% in 2016 and not reach 3% until 2017 claims Euler Hermes, the worldwide leader in trade credit insurance. In its latest Economic Outlook report, titled “The seven dwarfs of global growth“, the company’s economic research department explored and analyzed trends in trade, consumption, investment and other drivers of GDP growth in 2016. “The good news is that private investment is finally reawakening in advanced economies and could support growth,” said Ludovic Subran, chief…

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100 % black female owned aviation company

‘African Start-Up’: Sibongile Sambo Founder of SRS Aviation, Johannesburg This week, CNN’s ‘African Start-Up’ meets an entrepreneur whose love for flying paved the way to a successful private aviation business. When Sibongile Sambo founded SRS Aviation in 2004, she had little collateral. Now, her Johannesburg-based company provides personalised aviation services including helicopter flights and tourist and VIP charters to destinations including the United States and Germany. Sambo tells ‘African Start-Up’: “What I’m proud of about our company is that we have managed to penetrate the…

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Asia has overtaken Western Europe as the second most active M&A market to the U.S.

2015 has been another year of record levels of M&A, with many corporates paying eye-watering sums to do strategic, transformational deals, according to Allen & Overy’s latest M&A Insights Report. Globally, deal values are up by 22% compared with last year to reach an unprecedented total deal value of USD4 trillion, while volumes continue to decline by nearly 13% year on year*. Approximately one third of all deals this year were cross-border, which is consistent with levels seen in 2014. The most active sectors by…

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South African business insolvencies to increase by 10% while global business insolvencies decrease in 2016

JOHANNESBURG 19 NOVEMBER 2015 – In 2016, instability in emerging markets is set to end six consecutive years of decline in global insolvencies, according to Euler Hermes, the worldwide leader in trade credit insurance. The Euler Hermes Economic Outlook 2015-16: The insolvency U-turn predicts that worldwide insolvencies will stabilise at 300,000 cases as 2015 marks the end of the post-crisis adjustment trend. This trend, which saw a healthy decline in insolvencies of -14% in 2014, continues into 2015 but loses momentum in line with the…

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VF+

VF+-reaksie: Mediumtermyn-begrotingsraamwerk

Ten einde sakevertroue te herstel en ekonomiese groei te stimuleer het Suid-Afrika spesiale maatreëls nodig om ons uit die huidige ekonomiese krisis te kry. Sakelui sit met miljarde rande wat hulle in Suid-Afrika wil belê, maar tans terughou omdat die klimaat nie gunstig daarvoor is nie. Mnr. Nene, Minister van Finansies, se toespraak was egter besigheid soos altyd sonder enige verbeeldingryke voorstelle om die ekonomie te stimuleer of hierdie sakelui aan te moedig om te belê. Die minister se poging om beleggingsekerheid te skep, is…

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R277 million Gansbaai to Bredasdorp road to unlock economic potential in Overberg Region

Statement by Donald Grant Minister of Transport and Public Works R277 Million Gansbaai To Bredasdorp road to unlock economic potential in Overgberh region I am honoured to be here today, during October Transport Month, to celebrate the completion of the upgraded Gansbaai to Bredasdorp road. This project, and many like it, will serve as a constant reminder of our ongoing commitment to delivering key infrastructure to all regions in the Western Cape, thereby triggering the realization of the area’s economic potential. This project is a…

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VF+

Voorskou: Mediumtermyn-begrotingsraamwerk

Die VF Plus verwag totale eerlikheid oor Suid-Afrika se huidige ekonomiese krisis more van minister Nene, minister van finansies. Enige pogings om die huidige swak ekonomiese situasie met polities korrekte praatjies te verdoesel, sal die alarms by die internasionale kredietgraderingsagentskappe laat afgaan. Waar die minister in Februarie 2015 ‘n 2% ekonomiese groeikoers voorspel het, is dit nou nader aan 1,3%. Dit het ingrypende implikasies vir die voorspelde inkomste van die staat uit belasting. Om die boeke te laat klop kan die minister belastings verhoog of…

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VF+

SA-ekonomiese beleid is nou openlik ‘anti-westers’, sê Amerikaanse sakelui

Suid-Afrika se handelsvennote in Amerika en die Europese Unie het vandag vir die eerste keer reguit en ondiplomaties aan die ANC-regering gesê beleggingsvertroue in die land is ‘op sy laagste ooit’ en dat die ‘eerste’ voorval van onteiening die einde van beleggings in Suid-Afrika sal beteken, en dat dit ‘reeds besig is om te gebeur..’. Ook dat Suid-Afrika ten spyte van reuse beleggings in die land, openlik vyandiggesind teenoor die ‘weste’ staan ten koste van sy Brics-vennote. Die harde woorde het vandag geval met die…

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VF+

Suid-Afrika se groeiende ekonomiese krisis

Die ANC-regering se mislukte ekonomiese beleid wat op ʼn kwalik bedekte en rigiede Marxistiese ideologie gegrond is, het Suid-Afrika nou byna weerloos gelaat teen die internasionale ekonomiese krisis wat die land soos ʼn byna perfekte storm bedreig, sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor ekonomie. Hy sê die ANC erken nou self in dokumentasie vir sy nasionale algemene raad dat sy beleid om armoede uit te wis misluk het en dat gekyk moet word na moontlikhede om die privaatsektor se beleggings…

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VF+

Regering raak genadeloos oor transformasie

Die regering se aankondiging dat hy byna 1 500 maatskappye hof toe gaan sleep omdat hulle nagelaat het om aan die wetsvereistes oor diensbillikheid te voldoen, is niks anders nie as rassistiese sosiale ingenieurswese,” sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor ekonomie. Die kommissie vir diensbillikheid het vandag aangekondig dat die departement van arbeid teen die maatskappye gaan optree aangesien hulle nie verslag gedoen het oor hul teikens rakende ‘diensbillikheid’ nie. Boetes van tot R1.5 miljoen of 2% van die betrokke maatskappy…

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IFP

IFP: Country being led into darkness and uncertainty

“Recent load shedding and impending water restrictions are the result of poor planning and a lack of astute leadership by a government that has lost the plot,” said IFP National Chairperson, Mr Blessed Gwala. “This government has clearly demonstrated that it does not have the capacity to resolve the crisis that has led to many parastatals being dysfunctional. One just has to look at the state of affairs at Eskom, Telkom, SAA and the Post Office to name but a few, to realise that as…

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VF+

VF Plus gaan Openbare Beskermer vra om aanstelling van PetroSA-voorsitter te ondersoek

Die VF Plus gaan die Openbare Beskermer (OB) vra om die omstandighede rondom die aanstelling van PetroSA se nuwe voorsitter, Tshepo Kgadima, te ondersoek, sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor energie. Luidens berigte in die Business Day en Die Burger ondersoek die polisie bedrogklagte van miljoene rande teen Kgadima. Hy het glo terwyl hy bestuurshoof en president van LontohCoal was, honderde beleggers ingeloop deur aandele in fiktiewe projekte aan hulle te verkoop. Die Business Day beskuldig ook vir Tina Joemat-Pettersen,…

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SA to gain from ocean economy

SA to gain from ocean economy

By Communications Minister Faith Muthambi It is an exciting time for South Africa following the Operation Phakisa open day on the ocean economy. Operation Phakisa (Sotho phrase for “hurry up”) is modelled on the success of the Malaysian “Big Fast Results” methodology that was used to spur that country’s economic transformation and address national priorities such as poverty and crime. The approach entails meeting with stakeholders for detailed and practical planning, setting clear targets, tracking of progress and making the results public. Through Operation Phakisa…

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IFP

IFP: GOVERNMENT MUST PROVIDE JOBS

The IFP in KwaZulu-Natal has lambasted the ANC-led government for failing to deliver on its job creation promises. “Twenty years into democracy we can’t say we have a good story to tell as people don’t have jobs and are living in poverty. Fact is, many people are unemployed, including young people and our streets are full of unemployed and educated people who don’t know where to utilise their education and acquired skills. When the ANC was canvassing for votes, many jobs were promised to the…

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SA to gain from ocean economy

SA shines as a prime conference destination

If you want to host a mega conference without the logistical hassle or fuss, alongside breath-taking scenery and in world-class facilities then South Africa should be your destination of choice. Over the last 20 years we have hosted more than 1 038 international conferences and 118 meetings and have done so by adhering to the criteria of the International Congress and Convention Association (ICCA). These events have been hosted to the highest standards, earning us a reputation as one of the most popular business tourism…

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Police

SAPS warn of fake employment opportunities

Pretoria – The South African Police Service (SAPS) has warned the public about misleading advertisements regarding the recruitment of new constables. The adverts are apparently being circulated through the social media application WhatsApp and on the www.salearnership.com website. SAPS spokesperson Lieutenant General Solomon Makgale said there are currently no posts advertised for police trainees. “The advertisements form part of a scam aimed at misleading the public and possibly corruptly attempting to enlist candidates into the SAPS. Whilst the SAPS is looking into the origins of…

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Gauteng women unite for empowerment

Gauteng women unite for empowerment

Johannesburg – Women from around Gauteng on Wednesday gathered in Newtown to share their hopes with the province’s first citizen on how government can improve their lives and strengthen gender equality. The session was not only a chance for women’s organisations to interact with Gauteng Premier David Makhura, but it was a platform for women to share their views and opinions on what is needed to push women emancipation to the next frontier. The women were unanimous in the belief that quality education is one…

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