Business 24.8.2018 11:12 am

SA Companies to expand into South America

South African companies are expected to participate in an outward selling mission in the capital Lima next month

Minister of trade and industry Rob Davies said on Friday that South African companies would try to penetrate the Latin American market and explore trade and investment opportunities in Peru.

SA Companies to expand into South America
SA Companies to expand into South America

SA Companies to expand into South America

South African companies are expected to participate in an outward selling mission in the capital Lima next month

SA Reserve Bank’s ‘independence must be jealously guarded’
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SA Reserve Bank’s ‘independence must be jealously guarded’

Calls for the bank’s nationalisation ‘creates a bad narrative that are anti-business and anti-investment, and gives an impression of bad governance.’
Inflation increased for the third successive month, rises to 5.1%
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Inflation increased for the third successive month, rises to 5.1%

Stats SA says this month’s figure is the highest annual inflation rate since September 2017.
Prepare for the future
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Prepare for the future

The next generation of communications tech, 5G, will slot neatly into the roadmap.
ProudlySA launches online shopping platform for exclusive local products
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ProudlySA launches online shopping platform for exclusive local products

ProudlySA would vet and verify local content and quality to ensure that all the vendor companies adhere to labour and environmental legislation.
Shoprite turnover up 3.1% in year to July
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Shoprite turnover up 3.1% in year to July

The company said its core South African supermarket operations increased turnover by 5.7%.
We might have destroyed black businesses by not paying within 30 days – Mamabolo
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We might have destroyed black businesses by not paying within 30 days – Mamabolo

The MEC says he gets worried if the money does not reach the contractors, big or small as is seemingly the case.
Transnet revenue grows 11% on high export coal volumes
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Transnet revenue grows 11% on high export coal volumes

Net profit for the year increased to R4.9 billion compared to R2.8 billion achieved in the previous year, a 75 percent improvement.
Rand slips again as EFF introduces bill to nationalise Reserve Bank
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Rand slips again as EFF introduces bill to nationalise Reserve Bank

An analyst says the threat to the independence of the SARB will not be viewed favourably by investors nor credit ratings agencies.
Gold Fields uncertain of production guidance at ill-fated South Deep mine
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Gold Fields uncertain of production guidance at ill-fated South Deep mine

The operation has made losses of around R4 billion over the past five years due to rising operating and overhead costs.
Transnet CEO given notice of suspension for ‘wrongfully obtaining his MBA’ amid R38bn locomotive probe
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Transnet CEO given notice of suspension for ‘wrongfully obtaining his MBA’ amid R38bn locomotive probe

Siyabonga Gama and two others need to provide reasons to the board by Monday for why they should not be suspended.
We made significant progress in Marikana – Lonmin
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We made significant progress in Marikana – Lonmin

The company says it has invested millions in improving conditions for its workers and their families.
Workers reject latest wage offer by SA gold producers
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Workers reject latest wage offer by SA gold producers

Negotiations are set to continue next week as the mining companies claim they’re under financial pressure.
New mining charter is a lawsuit waiting to happen
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New mining charter is a lawsuit waiting to happen

It will help transformation, but could kill the patient.
Platinum group metals lift mining production in June
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Platinum group metals lift mining production in June

PGMs output surged 28.2 percent year-on-year, although off a very low base, contributing 5.9 percentage points to the mining production. 
Rand continues to fight back
Business

Rand continues to fight back

The currency remains weak and economists are concerned about the knock-on effect on the SA consumer with rising inflation.
Gold Fields to cut more than 1,500 jobs
Business

Gold Fields to cut more than 1,500 jobs

The gold producer has the country’s largest deposit of gold, but this has proven unprofitable to mine.
Bennett wants to report Tigon judge’s ‘irregularities’
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Bennett wants to report Tigon judge’s ‘irregularities’

State says the move is a ‘frivolous abuse’ of processes.
UP embraces hi-tech with competition for young entrepreneurs
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UP embraces hi-tech with competition for young entrepreneurs

Social application Mingle is among three startups to benefit from a new business incubator programme.
Recommended items for zero-rating will cost fiscus R4bn
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Recommended items for zero-rating will cost fiscus R4bn

About 70% of the relief will benefit poor households.
Landmark court case seeks to stop over-charging by creditors
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Landmark court case seeks to stop over-charging by creditors

Stellenbosch University Law Clinic brought justice to victims of garnishee order abuse. Now it aims to stop over-charging by creditors.
Rand briefly pummelled to below R15 to the dollar
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Rand briefly pummelled to below R15 to the dollar

Panic over the future of the Turkish lira has spilled in SA as emerging markets continue to struggle.
DA calls ANC ‘plan’ to save VBS an attempt at more ‘looting’
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DA calls ANC ‘plan’ to save VBS an attempt at more ‘looting’

The ANC’s leaders are reportedly looking at how to help the mutual bank accused of plundering millions from depositors.
Western Cape legislature concludes public hearings on draft ‘Uber Bill’
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Western Cape legislature concludes public hearings on draft ‘Uber Bill’

New laws seek to regulate e-hailing ride-sharing services in the province.
Baleka Mbete says she hasn’t seen ‘a cent’ from her Gold Fields ‘bribe’
Business

Baleka Mbete says she hasn’t seen ‘a cent’ from her Gold Fields ‘bribe’

The speaker of parliament, however, declared shares in the company valued at R27m in 2014.
Think the rand has it bad? Spare a thought for the lira
Business

Think the rand has it bad? Spare a thought for the lira

There are many recent lessons from Turkey on how not to manage your currency.

 

 

 

 

 

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