With energy storage considered to be the "new wave" in the energy sector and increasingly becoming a reality, South Africa needs to prepare itself if it wishes to take advantage of the energy storage growth opportunities within the energy storage stationary value chain and the mobility value chain, says State-owned development finance institution Industrial Development Corporation (IDC) senior project development manager Bertie Strydom. Presenting an overview of an energy storage techno-economic study, in Johannesburg, on Thursday, he stressed that South Africa should not try to "reinvent the wheel", but "should understand its competitive advantages and the sustainable opportunities within the respective value chains, start exploiting opportunities and secure its position in collaboration with key international partnerships". view more

In the context of State capture and corruption, former Deputy Finance Minister Mcebisi Jonas believes South Africa's "developmental-State project is almost dead", with resources being diverted away form dealing with the country's serious unemployment crisis towards poorly governed State-owned companies (SOCs). Speaking at the release this week of a new Centre for Development and Enterprise (CDE) research document dealing with youth unemployment, Jonas argued that the country's SOCs were increasingly competing with the private sector, rather than "working in a symbiotic way in the interests of the economy". view more

Metair is ready for the anticipated revolution in the automotive industry, including the introduction of electric vehicles (EV), hybrid vehicles and autonomous drive vehicles. These vehicle still need lights, brakes and wiring harnesses, for example, said Metair MD Theo Loock on Thursday at the announcement of the company's financial results in Johannesburg. view more

The New Development Bank (NDB) set up by the Brics group of emerging economies plans to lend $1.5-billion to South Africa for infrastructure projects over the next eighteen months. The BRICS - Brazil, Russia, India, China and South Africa - agreed to create the infrastructure-focussed lender in July 2014 as an alternative to the World Bank, launching it a year later. view more

Cement maker PPC on Thursday said its first-quarter revenue had tracked ahead of the comparative period in the prior year, while group earnings before interest, taxes, depreciation and amortisation (Ebitda) were in line with that of the first quarter of the previous year. However, while the South African operations faced continued difficulties, the operations across the rest of Africa showed robust growth during the three months to June 30. view more

Engineering group Murray & Roberts (M&R), which sold its Southern African infrastructure and building units to a Southern Palace-led consortium in November, has warned that its earnings will fall by more than expected in 2017, owing to additional costs associated with four remaining building projects in the Middle East. After the Middle East business was excluded from the November disposal, the company's board decided on an exit strategy. However, in a trading statement issued on Thursday, M&R reported that the closure would be "very costly", owing to increased costs associated with the projects, as well as an unfavourable arbitration ruling on a project completed in 2011. view more

Communications Minister Ayanda Dlodlo on Wednesday downplayed suggestions that government wants to create a so-called super presidency by having a hand in budgetary processes. During a media briefing following the Cabinet meeting, Dlodlo said Cabinet approved the mandate paper for the 2018 Budget. view more

State-owned Denel has appointed Odwa Mhlwana CFO and Vuyokazi Xaxa company secretary and legal officer.   "The new additions to our executive team are critical to create stability in Denel and will contribute to our transformation into a self-sustaining State-owned company," says Denel acting CEO Zwelakhe Ntshepe.   Mhlwana and Xaxa have both occupied executive positions in the defence and public sector environments for more than a decade and have served in acting capacities in Denel prior to their new appointments.   Ntshepe says the Denel board in June approved its new strategy and the new leadership team will play a pivotal role in its implementation. "They will help us to achieve our strategic objectives which are the building blocks of a 'One Denel' of the future." view more

Cabinet on Thursday reported the appointment of AD Matseke as CEO of State-owned Broadband Infraco for a five-year term from September 1, 2017, to August 30, 2022. Further, the fixed-contract of current CEO Phuleng Kwele has been extended by three months from September 1 to November 30. view more

The Independent Communications Authority of South Africa (Icasa) on Thursday issued a statement confirming the "mutual separation" of the authority and its CEO Pakamile Pongwana. This followed the announcement in July that Pongwana had been placed on precautionary suspension pending an undisclosed internal disciplinary process. view more

The Cox Yeats Labour Team, in conjunction with The People Solutions Company, is ... view more

The July 2017 edition of Business Sense is currently being distributed. It will ... view more

The Durban International Film Festival (DIFF) has announced a strong focus on de... view more

Presently Ugu South Coast Tourism in conjunction with the Ugu South Coast Develo... view more

Michael Jackson is the Managing Partner at Cox Yeats Attorneys and head of the C... view more

On 9 June 2017, the Department of Trade & Industry published a notice requir... view more

The 19th edition of the annual African Renaissance Festival was hosted at the In... view more

Entrepreneurs stimulate the economy, bring innovation into our everyday existenc... view more

Almost everyone knows that driving a motor vehicle under the influence of alcoho... view more

The Durban Investment Promotion Authority (known historically as DIPA) now has t... view more