Nov 28, 2018 | Automotive, Commerce & Trade, Government & Municipal, KZN Industrial & Business News, Manufacturing
THE National Association of Automobile Manufacturers of South Africa (NAAMSA) has welcomed the government’s decision this week to extend the Automotive Developmental Policy Regime from 2021 through to 2035. Association President Andrew Kirby said this would enable...
Nov 28, 2018 | Commerce & Trade, Government & Municipal, KZN Industrial & Business News
THE signing into law of the National Minimum Wage (NMW) Bill is a positive step towards stabilising South Africa’s labour relations environment and signals the country’s commitment both to social reform and social compacting. That’s according to Business Unity South...
Nov 28, 2018 | Automotive, Commerce & Trade, EC Industrial & Business News, Finance & Investment, Food & Beverage, Petrochemicals
Engen’s newly opened Ikhwezi Convenience Centre in Mthatha is the largest Engen 1Plus service station in the Engen stable. It also offers a diverse range of fast food, including a Steers, Debonairs Pizza, Corner Bakery, and Fishaways, as well as groceries from a...
Nov 21, 2018 | Commerce & Trade, Construction, Civil & Structural Engineering, EC Industrial & Business News, Finance & Investment
THE Harvard Business Review recently reported that a wave of around 700 retirements would mean the loss of over 27 000 years of experience. The wealth of knowledge and experience held by retirees is so valuable that it has given rise to the term, the Expert Economy....
Nov 21, 2018 | Commerce & Trade, EC Industrial & Business News, Education & Training, Finance & Investment
FOR an industry averaging R16.6 billion in hotel room revenue in 2017 and forecast to increase by an additional 5.6 % according to PwC’s Hotels Outlook, the tourism industry and its growth forecast remain as energetic as the industry itself. Against this positive...
Nov 14, 2018 | Commerce & Trade, Harbour Infrastructure & Shipping, KZN Industrial & Business News, Materials Handling & Bulk Handling
FOLLOWING Grindrod’s recent interim results reflecting a 5% increase in revenue, a 23% improvement in headline earnings on the prior year and the spinoff of its Shipping Division, Grindrod’s Freight Services division is making strides in cementing its strategy of...
Nov 14, 2018 | Commerce & Trade, Finance & Investment, KZN Industrial & Business News, SMME Development & Support
PEARL Sizeka Bengu has been appointed Group Chief Executive Ithala Development Finance Corporation (IDFC) with effect from 1 November. The organisation’s board said in a statement it had engaged “robustly” with Bengu and that she would work closely with Danny...
Nov 7, 2018 | Automotive, Commerce & Trade, EC Industrial & Business News, Finance & Investment
ACCORDING to aggregate sales data from the National Automobile Association of South Africa (NAAMSA), new vehicle sales were up 1.7% year-on-year with 51 866 units sold in October. Looking at year-to-date sales, the industry remains on par with the corresponding time...
Nov 7, 2018 | Commerce & Trade, EC Industrial & Business News, Finance & Investment, Government & Municipal, SMME Development & Support
DEVELOPMENT financier, the Eastern Cape Development Corporation (ECDC) has disbursed R98,3 million to 163 businesses in the 2017/18 financial year. Announcing the Corporation’s annual results, ECDC chief executive Ndzondelelo Dlulane said loan repayments amounted to...
