| ||29/04/2013 - 08:00|
The Middle East and Africa PC market experienced a significant decline of 14.1% year on year during the first quarter of 2013, with tablets eating into market share in South Africa. read more
| ||29/04/2013 - 07:33|
Cape Town - The International Trade Commission’s (Itac's) latest move to whack poultry importers with an 82% price increase on imported chicken is going to get right into the cooking pots of the poor, an expert said on Friday.
| ||26/04/2013 - 10:40|
Johannesburg - South Africa, the continent’s biggest corn producer, cut its forecast for output of the grain by 1.6 percent because of drought in some growing regions, the Crop Estimates Committee said. read more
| ||26/04/2013 - 10:06|
Beijing - Manufacturing activity slowed in China in April as exports were hit by sluggish overseas demand, HSBC said on Tuesday, fuelling concerns about the strength of the world's second-largest economy. read more
| ||26/04/2013 - 09:45|
Johannesburg - South Africa's headline producer inflation was at 5.7% year-on-year in March compared with 5.4% in February, Statistics South Africa said on Thursday. read more
| ||25/04/2013 - 15:39|
London - Britain's economy dodged a return to recession and grew faster than expected in the first three months of this year, providing some political relief for a government under fire over its austerity drive. read more
| ||24/04/2013 - 10:16|
Johannesburg - Shares of South African retailer Massmart tumbled more than 3 percent on Monday, after the Walmart unit warned it may fall short of its profit target this year, squeezed by weak consumer spending. read more
| ||24/04/2013 - 09:54|
Johannesburg - An incentive to encourage businesses to employ young South Africans and reduce youth unemployment was announced in Johannesburg on Tuesday. read more
| ||24/04/2013 - 07:53|
Berghoff Brewing will revive its brands this summer with updated recipes, and a move to contract brewing the beers at Stevens Point Brewery. read more
| ||23/04/2013 - 10:29|
Ghanaian firm AFB has launched a new credit card service in the Kenyan market as the fight for stake in the fast-growing plastic money business heightens.
| ||23/04/2013 - 09:51|
Fabupharm Products, a wholly-owned Namibian pharmaceutical manufacturer, has doubled in size over the past year. Subsequent to upgrading its manufacturing facility to comply with international standards, Fabupharm announced recently it has received an Official Manufacturing GMP (Good Manufacturing Practice) License from the Namibian Medicines Regulatory Council (NMRC). This means that Fabupharm is now licensed to manufacture scheduled medicinal products. read more
| ||23/04/2013 - 08:45|
Eskom chief executive, Brian Dames says that the impending winter will be different to previous winters, as the group will have to perform long duration planned maintenance during the coldest months.
| ||23/04/2013 - 08:10|
New York - US stocks climbed on Monday as last week's sharp losses brought buyers back to the market and Microsoft shares jumped after an activist investor took a stake in the company. read more
| ||22/04/2013 - 09:21|
While not coming anywhere near global giants such as the Industrial and Commercial Bank of China, JP Morgan Chase and General Electric, 20 prominent South African companies have made Forbes’ list of 2000 biggest companies in the world. read more
| ||22/04/2013 - 08:47|
Johannesburg – The Momentum/Unisa Household Wealth Index on Friday revealed a second consecutive (quarterly) strong increase in the value of nominal wealth during the fourth quarter of 2012 so that it surpassed R6 trillion for the first time. read more
| ||22/04/2013 - 08:24|
Washington - Africa, with its improved economies, can contribute to global growth for the first time in history, African finance ministers said on Saturday in Washington. read more
| ||19/04/2013 - 08:23|
Diageo’s third-quarter sales missed estimates, the biggest distiller reported yesterday, as sluggish European demand and slower-than-expected growth in emerging markets offset expansion in the US.
| ||19/04/2013 - 08:01|
Cape Town - A draft law proposing all businesses be licensed with municipalities, will "create more red tape", warns the Cape Chamber of Commerce and Industry.
| ||16/04/2013 - 08:43|
Johannesburg - Sub-Saharan Africa's economic growth should accelerate to more than 5% over the next three years, far outpacing the global average, but the region must do more to convert this into reducing poverty, the World Bank said on Monday. read more
| ||16/04/2013 - 08:03|
London - South African corn futures declined the most in more than a week as prices for the grain decreased in the US, the world’s largest producer, on concern demand from China will weaken. read more
| ||15/04/2013 - 09:30|
Nakumatt Holdings Ltd. on Friday said it wants to raise $50 million for its East African expansion. read more
| ||15/04/2013 - 08:36|
Johannesburg - A controversial bargaining council wage agreement in the clothing industry has been extended, the clothing trade union Sactwu said on Sunday. read more
| ||12/04/2013 - 09:55|
Ougadougou - Burkina Faso set a minimum farmgate price for cotton growers of 235 CFA francs per kilogram for the 2013/14 growing season, down from 245 francs the previous year, the Interprofessional Cotton Association of Burkina (AICB) said on Thursday. read more
| ||12/04/2013 - 09:43|
Johannesburg - South Africa's manufacturing output fell 2.9% year-on-year in volume terms in February, the first contraction in five months, compared with revised 3.7% growth in January, Statistics South Africa said on Thursday.
| ||11/04/2013 - 10:18|Nsoko Msele sugar mill project to rejuvenate Swaziland’s vital export crop
A fourth sugar mill announced for Swaziland, the Nsoko Msele integrated sugar milling project, would significantly increase production of refined sugar, the country’s main source of export revenue, the project’s shareholders said this week. read more
| ||11/04/2013 - 10:00|
Johannesburg - The SA consumer could switch some of their expenditure from consumption to home buying‚ FNB household and consumer sector strategist John Loos said on Wednesday read more
| ||11/04/2013 - 09:48|
New York - Worldwide sales of personal computers slid 13.9% in the first quarter of 2013, research firm IDC said on Wednesday, the worst contraction since it began tracking the market in 1994. read more
| ||10/04/2013 - 08:26|
Johannesburg - Consumer confidence plunged to a nine-year low during the first quarter of this year‚ signalling that household spending‚ the economy's main engine‚ would be subdued this year‚ according to a survey released on Tuesday. read more
| ||10/04/2013 - 08:15|
New York - The Dow Jones Industrial Average shook off early weakness on Tuesday and pressed through to another record close, led by strong gains in tech shares Microsoft and Intel. read more
| ||10/04/2013 - 08:00|
Cape Town - Fast growing Africa could be a dominant force in the world's economic landscape for decades to come if the continent gets its act together, top Goldman Sachs economist Jim O'Neill said on Tuesday.
| ||09/04/2013 - 10:07|
Johannesburg - SA stocks recovered slightly from last week’s declines on Monday‚ as retailers and industrials led the market higher.
| ||08/04/2013 - 10:46|
A study conducted by Barclays Bank UK has revealed that Ghana is the second preferred African country for British retailers wanting to expand their businesses.
| ||08/04/2013 - 10:07|
Local market analysts have lauded NSX listed Namibia Breweries Limited for posting solid interim results for the period ended 31 December 2012. read more
| ||08/04/2013 - 09:08|
The Kenyan government planned to sell a large part of its stake in a domestic wines and spirits marketer to South Africa’s Distell Group, the privatisation commission said on Friday read more
| ||08/04/2013 - 09:00|
Dube TradePort is set to be the main KwaZulu-Natal beneficiary of new multibillion-rand Chinese and Indian deals to come out of the Brics summit hosted in Durban last week.
| ||08/04/2013 - 07:49|
Johannesburg - The Industrial Policy Action Plan (IPAP) 2013/2014, aimed at creating economic growth, was unveiled in Pretoria on Thursday. read more
| ||05/04/2013 - 09:27|
Community Technology Development Trust (CTDT), a local civil society organisation says domestication of the draft COMESA Seed Trade Harmonisation regulations will hinder small-scale farmers from participating in the seed business. read more
| ||04/04/2013 - 08:56|
Windhoek - Kuiseb Traders have shown that they mean business when they recently launched a fully Namibian brand of processed and packaged fish products for the local market. read more
| ||04/04/2013 - 07:40|
Johannesburg - South African corn futures weakened for a second day to the lowest level in more than a month, tracking US prices that fell following reports of bigger-than-expected stockpiles. read more
| ||03/04/2013 - 08:27|
Washington - Personal computer industry pioneer Michael Dell would “invest for growth” and compete aggressively in new markets if his plan to take the company he founded private succeeds, according to a new memo. read more
| ||03/04/2013 - 08:03|
Johannesburg - Adcock Ingram Holdings Ltd.’s board of directors said it won’t propose Bidvest Group Ltd.’s offer for a 60 percent stake in the drug maker to its shareholders. read more
| ||03/04/2013 - 07:55|
Johannesburg - The rand was slightly softer at midday on Tuesday on lower than expected purchasing managers index (PMI) figures.
| ||03/04/2013 - 07:46|
London - The Dow Jones industrial average touched another record high Tuesday after reports on auto sales and factory orders provided the latest evidence that the US economy is strengthening. read more
| ||02/04/2013 - 08:15|
PC and mobile device manufacturer Lenovo is targeting the top position in Africa, with a planned expansion on the continent. read more
| ||28/03/2013 - 11:04|
The price of petrol (95ULP) will increase by 10 cents a litre at the coast and 12 cents a litre in Gauteng, with effect from midnight on Tuesday. read more
| ||28/03/2013 - 10:34|
Johannesburg - South African corn futures fell the most in almost two weeks after the weather service forecast rains over the country’s main growing regions.
| ||27/03/2013 - 09:07|
Pretoria - South Africa and China have signed the terms of reference of a joint inter-ministerial working group to strengthen co-operation, President Jacob Zuma said on Tuesday.
| ||26/03/2013 - 09:19|
Durban - While Gauteng contemplates a total ban on Sunday alcohol sales, KwaZulu-Natal is one step away from allowing liquor stores to open.
| ||26/03/2013 - 07:47|
Johannesburg - South African employment agency Adcorp Holdings said on Monday it would introduce a new, 10-year black-empowerment deal worth 521 million rand ($55.91 million) after its previous one failed to produce value.
| ||26/03/2013 - 07:43|
Johannesburg - South African corn futures dropped most in more than a week as the rand appreciated against the dollar, lowering the cost of imported grains relative to local produce. read more
| ||26/03/2013 - 07:35|
Lisbon - No matter how Cyprus's financial drama ends, its troubles show yet again that rich countries enfeebled by the great financial crisis remain a weak link in the world economy. read more
| ||25/03/2013 - 08:39|
Nicosia - The two main banks at the centre of Cyprus's financial crisis slashed the daily cash withdrawal limits from ATM machines on Sunday, state media reported. read more
| ||25/03/2013 - 08:14|
Johannesburg - South African conglomerate the Bidvest Group [JSE:BVT] offered around $665m in cash and shares for control of the country's second-largest but under-performing drugmaker Adcock Ingram Holdings [JSE:AIP]. read more
| ||22/03/2013 - 08:26|
Dairy producer Clover is investigating the possibility of moving its cheese facility closer to milk sources at the coast. This would save on transport and distribution costs, the firm said this week. read more
| ||22/03/2013 - 08:07|
Johannesburg - The SA Reserve Bank's concern about growth and consumer growth in particular shows that interest rate hikes are just not possible, economists say. read more
| ||22/03/2013 - 07:58|
Cape Town - Major fishing company bosses on Wednesday described a meeting with Fisheries Minister Tina Joemat-Pettersson as a watershed moment.
| ||22/03/2013 - 07:52|
London - The eurozone's economic downturn deepened this month, even before Cyprus' bailout troubles, but China's factories took a completely different path and moved up a gear, business surveys showed on Thursday. read more
| ||20/03/2013 - 13:58|
The latest Wine & Spirit Trade Association market report shows that year on year alcohol duty rises have hit consumer spending on alcohol in the on and the off trade. read more
| ||19/03/2013 - 13:04|
Sydney - The head of Blackberry has taken a swipe at Apple, saying in an interview the iPhone's operating system was outdated, while promising thousands of new apps as it prepares to launch its new Z10 handset. read more
| ||18/03/2013 - 09:22|
The South African sugar industry is pushing for the introduction of import tariffs aimed at reducing the amount of sugar imported into the country, as well as for trade agreements to be extended to European markets to increase its sugar exports, which would hopefully add R1 billion to the industry’s inconsistent and struggling revenue growth.
| ||15/03/2013 - 09:54|
Paris - Economic growth in G20 countries climbed by 0.5% in the fourth quarter of 2012, slowing only slightly from the 0.6% pace recorded in the previous three-month period despite heavy contractions across Europe, preliminary estimates from the OECD showed on Wednesday. read more
| ||14/03/2013 - 15:10|
Durban - Newcastle Chinese and Taiwanese clothing factories have won a high court application for exemption from a bargaining council wages agreement, it was reported on Thursday. read more
| ||14/03/2013 - 14:42|
Johannesburg - Manufacturing production increased by 3.9% year-on-year (y/y) in January after an unrevised 2.0% (y/y) rise in December‚ data released by Statistics SA on Thursday showed. read more
| ||13/03/2013 - 07:35|
Cape Town - The opening of a factory manufacturing high-tech gadgets could boost employment not only in the Western Cape but South Africa as a whole, Cape Town premier Helen Zille said on Tuesday. read more
| ||12/03/2013 - 07:55|
Johannesburg - Transnet might have to cut its planned R300bn capital expenditure programme by R50bn if economic growth proved disappointing or strikes affected the sector‚ CEO Brian Molefe said on Monday. read more
| ||12/03/2013 - 07:49|
Johannesburg - Withdrawals from ATMs across the country remained stagnant in February, increasing only 0.69% from January, Spark ATM Systems said on Monday. read more
| ||11/03/2013 - 08:19|
Grindrod shares rose to their highest level in more than four years yesterday as investors bet on earnings growth driven by diversification into ports and terminals. read more
| ||11/03/2013 - 08:03|
Bogota - Striking Colombian coffee growers who have blocked roads for 11 days ended their protest Friday after winning a government subsidy to offset lower prices for their product on international markets. read more
| ||11/03/2013 - 07:32|
Johannesburg - The biggest decrease in the rate of unemployment in South Africa last year was recorded in Gauteng, economic development MEC Nkosiphendule Kolisile said on Sunday.
| ||06/03/2013 - 08:46|
Legislation paving the way for putting e-tolling on the Gauteng Freeway Improvement Project (GFIP) into practice was approved in the National Assembly on Tuesday.
| ||06/03/2013 - 07:51|
Johannesburg - The Producer Price Index (PPI) for final manufactured goods increased annually by 5.8% in January 2013, Statistics SA said on Tuesday.
| ||05/03/2013 - 08:04|
Despite challenging economic conditions more shopping centres are expected to be built this year as retailers roll out new stores to increase their market share and commercial banks experience strong growth in loan demand from existing and new property clients. read more
| ||05/03/2013 - 07:51|
According to the GSMA report, Mobile Network Operators (MNOs) racked in US$1.002 trillion in 2012, representing a 1.4% contribution to the global GDP. read more
| ||05/03/2013 - 07:32|
Harare - Zimbabwe is working on putting stringent measures on meat imports from South Africa amid concerns of contaminated meat products from the country.
| ||05/03/2013 - 07:24|
Johannesburg - Unemployment and inequality are the biggest problems facing the South African economy, the Organisation for Economic Co-operation and Development (OECD) said on Monday.