Archive | Business

Nedbank invests in Cape Winemakers Guild Protégés

Nedbank, longstanding partner of the Cape Winemakers Guild for over two decades, has stepped up its investment in the Cape Winemakers Guild Protégé Programme for 2017. The Nedbank Eyethu Community Trust has pledged R700 000 to boost the Guild’s Protégé Programme which currently supports nine talented young winemakers and a viticulturist completing their internships under the […]

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Black-owned healthcare company lists on the JSE

On Wednesday, 12 July RH Bophelo listed as a special purpose acquisition company “SPAC” on the Main Board of the JSE and joined five other companies in the Non-Equity Investments Instruments sector of the exchange which currently has a total market capitalisation of R2.17 billion. RH Bophelo is a black-owned investment company with an interest […]

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CESA Aon – Celebrating Engineering Excellence

Johannesburg, 28 June 2017 “Consulting Engineers and the engineering community are once again gearing up for another spectacular occasion celebrating innovation, quality, outstanding workmanship and professionalism in the engineering industry,” says Chris Campbell, CEO of Consulting Engineers South Africa (CESA).   The CESA Aon Engineering Excellence Awards dubbed the  ‘Oscars of the Engineering World’ will […]

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Business launches comprehensive approach to deracialising economy

Business Unity South Africa (BUSA) has launched a comprehensive approach to black economic transformation for inclusive growth. The BUSA approach has been formulated following an intensive period of consultation within its extensive membership base. BUSA acknowledges that both the pace and depth of inclusive economic transformation has been insufficient. BUSA’s approach identifies urgent steps to […]

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BECS indicates that earnings have reached an upper turning point

Johannesburg, 21 June 2017 The Consulting Engineers South Africa (CESA) Bi-annual Economic and Capacity Survey (BECS) for the period July to December 2016, just released indicates that earnings have reached an upper turning point with a softer growth outlook in the medium term.   The South African economy grew by the slowest rate in 2016, […]

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eNCA appoints Mapi Mhlangu as MD and editor-in-chief

eNCA has announced  Mapi Mhlangu as its new managing director and editor-in-chief.  Mhlangu assumes the helm of South Africa’s premier news channel, taking over from Anton Harber on 1 July 2017. Mhlangu joined the channel in 2009 and has served in various capacities in the eMedia Investments organisation, most recently as eNCA’s News Director. In […]

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BUSA welcomes new BLSA CEO, Bonang Mohale

Business Unity South Africa (BUSA) has warmly welcomed the appointment of Bonang Mohale as the CEO of its member organisation, Business Leadership South Africa (BLSA). Mohale, who is currently the Chairman and Vice President of Shell South Africa Energy Limited, will take up the position on 1 July 2017.   “We would like to extend […]

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Black Business Council calls for support for middle class and SMMEs

On 01 June 2017, Fitch Ratings (Fitch) downgraded South Africa’s long-term foreign and local currency debt to ‘BB+’ from ‘BBB-‘ with a stable outlook, a non-investment grade rating. Sello Rasethaba, Chairman of the Black Business Council (BBC) notes that the announcement by Fitch “is a setback, we must remain committed to making sure that our […]

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Posted in B-BBEE, SMMEs2 Comments

Key focus on SMMEs’ impact in manufacturing sector

SMMEs are a driving force in South Africa’s social and economic transition and have attracted increasing attention because of their labour-absorptive capacity and potential to grow and stimulate the economy. More than a third of young South Africans in the labour force are unemployed. This statistic creates a significant gap that can be filled by […]

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Hulisani effects major changes to its board

Following the successful conclusion of the viable asset acquisition, the reclassification of the Company as an investment entity and the successful conclusion of the acquisition of Momentous Technology (Pty) Ltd for R122 million, the board of directors of Hulisani have decided to implement some changes to the composition of the board. The JSE listed company […]

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