The Financial Sector Forum
Business
Sacci index
Sacci index the second to show business confidence rebounding. Business confidence improved last month but remains vulnerable to volatility and a weak economic backdrop, the South African Chamber of Commerce and Industry (Sacci) said on Thursday. Sacci’s business confidence index (BCI) rose by 4.1 points from July to 95 in August — nearly the same … Continue reading
South African miners’ families back Julius Malema’s call for nationalisation
Jacob Zuma is criticised as former ANC youth leader says the president sided with mine owner when 34 were killed. They were there in their thousands, leaning against tin shacks or sitting in the dusty veld: miners and their wives still looking for answers after a massacre by South African police that left 34 striking … Continue reading
ANC won’t heed yesterday’s man
18 Aug. ANC won’t heed yesterday’s man. In the same week in which Trevor Manuel delivered the National Planning Commission’s National Development Plan to President Jacob Zuma, recruitment group Adcorp released statistics showing South Africa’s labour productivity has fallen to its lowest in 46 years. This is decidedly not a good place from which to … Continue reading
Business confidence in SA hits 12-year low in July
16 Aug. Business confidence slumped unexpectedly to its lowest level in 12 years last month, a key index showed on Tuesday, reflecting poor prospects for growth in the economy this year. The confidence index compiled by the South African Chamber of Commerce and Industry (Sacci) fell to 90.9 from 94.9 in June, suggesting the business … Continue reading
Microfinance bodies merge into single fund
03 May. Microfinance bodies merge into single fund. A new umbrella microfinance agency, which will fall under the Industrial Development Corporation (IDC), will use the new Postbank facilities at post offices around the country to fast-track loans to small businesses. Announcing the establishment of the SA Finance Enterprise Agency (Safea) in Parliament yesterday, Economic Development … Continue reading
Call for economic power to ‘the people’
Recreated Black Business Council aims at giving financial power to the country’s majority. The newly re-created Black Business Council (BBC) is the economic version of the ANC, says its president, Ndaba Ntsele. Whereas the ANC delivered political power, the BBC hopes to give “the people” economic power. Black people need to control the commanding heights … Continue reading
New initiative best way to fight graft
The public launch of Corruption Watch is arguably the most important political development in SA since the Polokwane putsch of 2007. The public launch yesterday of Corruption Watch — an initiative of the Congress of South African Trade Unions that will be funded independently but which has been endorsed by the government and a range … Continue reading
SA business growth ‘choked by rules and red tape’
26 Jan. A survey finds 37% of privately held business owners in South Africa cite red tape as their chief constraint, followed by a lack of a skilled workforce, at 36%. Overregulation and red tape are the biggest constraints to business expansion in SA, according to a survey by accounting, audit and advisory firm Grant … Continue reading
Cosatu laments ‘white, capitalist-owned’ JSE
06 Jan. Cosatu laments ‘white, capitalist-owned’ JSE. More than 80% of the JSE is accounted for by the large banks and the few companies in the traditional sectors: mining and energy, the Congress of South African Trade Unions (Cosatu) has said. “All these companies are white, private, and capitalist-owned and they are increasingly being foreign-owned,” Cosatu … Continue reading
World Bank: Doing business 2012
The ease of doing business in South Africa went up a notch this year to rank 35th out of 183 economies, according to a report released by the World Bank. One of the factors contributing to South Africa’s improvement was the new Companies Act, which eliminated the requirement to reserve a company name and simplified … Continue reading
Please Help
PLEASE HELP US TO IMPROVE OUR INFORMATION CONTENT AND CONTINUE THE SERVICE
If you found the information on this website useful and if you or your company would like to see it expand please click on DONATE. Thanks on behalf of the Financial Regulation Forum and the Financial Sector Forum - the Editor.
