KZN Top Business News
Tsogo Sun scoops 19 TripAdvisor Travellers Choice awards in 2019
2019-02-13
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TKZN makes new appointment for tourism development at Tourism KZN
2019-02-13
Durban, South Africa: T... continue reading ›
Tsogo Sun - Durban's landmark hotel appoints new General Manager
2019-02-13
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R200 billion earmarked for infrastructure development in KwaZulu-Natal
2019-01-30
The KZN Construction Expo will be taking place at Durban Exhibition Centre in ... continue reading ›
Results Of 2018 International Coastal Clean-Up Released
2019-01-29
"Through its active involvement each year, the plastics and packaging industry has proven that its concern for marine litter is not just an awareness project, but a driving passion that transforms a... continue reading ›
Africa's first snow park for R1,4 billion Umhlanga Mall - Vivian Reddy said the project, which will take 18 months to complete, is expected to create 500 direct and 2000 indirect jobs
2019-01-25
The North Coast is all set to welcome the new R1,4 billion Oceans Mall to Umhlanga.
Construction of the mall is scheduled to start in February and developer Vivian Reddy this week confi... continue reading ›
Archived
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FNB KZN Top Business Portfolio Awards :Nominations
2008-07-09
The third annual FNB KZN To... continue reading ›
KZN SHARKS Currie Cup Champions
2010-10-30
30 October 2010 (19:09) - The Sharks have ended the domestic rugby season as Absa Currie Cup Champions, having defeated Western Province 30-10 at The Absa Stadium Durban on Saturday evening.
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IOL News
Wednesday 20th February 2019 An expert witness, Robert Wilkens from Benrob Construction, has been called to testify at the inquiry investigating the cause of the collapse of a building. view more
Monday 18th February 2019 KZN power couple S'bu and Shauwn Mpisane, known for their lavish lifestyle and lucrative multi-million rand state construction tenders, are getting divorced. view more
Tuesday 19th February 2019 Spokesperson for IPSS Medical Services Paul Herbst said all the passengers were trapped inside the car. view more
Wednesday 20th February 2019 More than 60 000 households in the eThekwini Municipality's northern regions have not been receiving refuse removal services from Durban Solid Waste. view more
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Engineering News engineeringnews
Wednesday 20th February 2019 Finance Minister Tito Mboweni has turned down a proposal for R100-billion of Eskom's debt to be transferred across to the National Treasury, but has instead announced R23-billion a year in financial assistance for the debt-laden utility that is directly tied to a restructuring of the business. Over a three-year period the assistance would amount to R69-billion, which Mboweni stressed was designed to help Eskom with its reconfiguration and pay off debt and "not to pay salaries". view more
Wednesday 20th February 2019 Finance Minister Tito Mboweni used his inaugural Budget address on Wednesday to outline the "tough steps" required to fix South Africa's deteriorating fiscal position and the country's failing State-owned enterprises (SoEs). He told lawmakers there were "no quick fixes", while confirming a R23-billion-a-year bail-out for Eskom over three years, which had been made conditional on the unbundling of the power unity into three separate SoEs. The unbundling plan is currently being opposed by several trade unions, which see it as a precursor to privatisation. view more
Wednesday 20th February 2019 With State-owned entities (SOEs) posing very serious risks to the fiscal framework, Finance Minister Tito Mboweni on Wednesday said that National Treasury was "taking very serious steps to fix the fiscal position and SoEs".
With funding requests from South African Airways (SAA), the South African Broadcasting Corporation (SABC), Denel, Eskom and other financially-challenged SoEs having increased, Mboweni said that government had revised the contingency reserve upwards to R13-billion for 2019/20 to respond to possible requests for financial support. This excludes any requests from power utility Eskom, which is in severe financial distress. view more
Wednesday 20th February 2019 National Treasury will be reprioritising resources towards President Cyril Ramaphosa's infrastructure fund and away from the wage bill, Finance Minister Tito Mboweni said on Wednesday, with government committing R100-billion over the next decade towards the building and operation of key infrastructure assets.
In several instances, the private sector will be responsible for the design, build and operation. view more
Wednesday 20th February 2019 Government has made a three-year allocation of R19.8-billion to support industrial business incentives, 48% of which goes to manufacturing development, the National Treasury announced on Wednesday.
The medium-term expenditure framework (MTEF) allocation includes a reprioritised amount of R600-million for the Clothing and Textile Competitiveness Programme, which aims to reposition South Africa to compete against other low-cost producing countries. view more
Wednesday 20th February 2019 A carbon tax on fuel of 9c/l on petrol and 10c/l on diesel will become effective from June 5, Finance Minister Tito Mboweni said on Wednesday. Further, the general fuel levy will increase by 15c/l for petrol and diesel from April 3, while the Road Accident Fund (RAF) levy will be increased by 5c/l, also from April 3. view more
Wednesday 20th February 2019 Given an "unsustainable" wage bill, the National Treasury has shifted expenditure to investment, meaning that national and provincial compensation budgets will be reduced by R27-billion over the next three years. According to Finance Minister Tito Mboweni, who delivered his maiden Budget speech on Wednesday, the first step to reducing the bill is to allow older public servants to retire early. view more
Wednesday 20th February 2019 In the fight against poverty and inequality, government has allocated R567-billion for social grant payments. In 2019, grants for old age, disability, war veterans and care dependency grants will increase by R80. view more
Wednesday 20th February 2019 Volkswagen Group South Africa (VWSA) should this year produce a record number of vehicles at its Uitenhage plant, in the Eastern Cape, says CEO Thomas Schäfer. He says the local arm of the German car maker should produce 161 900 vehicles, of which 108 000 are scheduled to be exported. view more
Wednesday 20th February 2019 South Africa's new-vehicle market should reach roughly 550 000 units this year, 0.4% down from last year's 552 226 units, says Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby. He says TSAM expects the first half of 2019 to be tough, especially with elections looming in May. view more
Wednesday 20th February 2019 Power pooling is an effective means of mitigating electricity supply risk over a large area served by numerous utilities, information technology services company EOH divisional manager Rob Surtees said during the second day of the Africa Energy Indaba. During a panel discussion on energy trading and power pools, he stressed the need for an interchange of power flow among the various regions in Africa. view more
Wednesday 20th February 2019 The Single African Air Transport Market (SAATM) initiative, which has so far been signed by 28 countries, is of great significance for the continent's air transport sector. So affirmed participants in a panel discussion at the Air Cargo Africa 2019 conference and exhibition. "SAATM is a very important initiative," stated Kenyan airfreight airline Astral Aviation founder and CEO Sanjeev Gadhia. "It is the initiative that is going to save the air transport industry in Africa." He pointed out that the continent was divided by what he called "walls in the sky", with many African countries shutting out carriers from other African countries. "This is a continent that is disconnected." Also, air transport in Africa was expensive. These barriers had to be broken down. view more
Wednesday 20th February 2019 South Africa's largest technology group EOH Holdings said on Wednesday its founder and CEO Asher Bohbot would resign from the board, effective Feb. 28. The resignation of Bohbot, who has been at the helm for 19 years, comes days after Microsoft terminated its channel partner agreement with EOH Mthombo, a unit of EOH. view more
Wednesday 20th February 2019 EOH Holdings, the South African information technology company reeling after an anonymous complaint prompted Microsoft to abruptly cancel a contract, has created an app that will make that process easier for future whistle-blowers. Expose-It, which was made available for download on Monday, enables those with sensitive information about their company or organization to pass it on to relevant authorities without fear of being identified. The app is designed to encourage "the safe, anonymous exposure of wrongdoing, both within EOH and without," CEO Stephen van Coller said in an email to employees. view more
Wednesday 20th February 2019 South Africa faces an impending food security crisis if there isn't urgent action to correct unsustainable practices, says an environmental organisation. According to the World Wide Fund for Nature (WWF), South Africa will have to produce 50% more food by 2050 to feed an estimated population of 73 million people. "We need to understand that our current approach to food production is by no means benign. Both globally and in South Africa, agriculture is the largest land use and has the heaviest ... view more
Wednesday 20th February 2019 Food producer Bid Corporation Ltd (Bidcorp) reported on Wednesday a 9.2% increase in half-year earnings, supported by positive trading performance in its developed markets. Bidcorp, which operates in Europe, United Kingdom, Australasia and emerging markets, posted headline earnings per share (HEPS) from continuing operations of 700.2 cents in the six months ended Dec. 31, compared with 641 cents a year earlier. view more
Wednesday 20th February 2019 Tiger Brands on Wednesday reported a one% rise in group revenue from continuing operations for the four months to January 31 on Wednesday helped by overall price inflation and volume growth. South Africa's leading food producer had reported a 5% fall in revenue in the corresponding period last year. view more
Wednesday 20th February 2019 A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its associated assets to the value of R1-billion. PFC is finance granted to a company in business rescue and is meant to address the business rescue practitioner's (BRP's) remuneration, employee costs, working capital and other means of maximising the probability of a successful turnaround. view more
Wednesday 20th February 2019 The Constitutional Court has ruled that municipalities are obliged to consider the possibilities that a new development could devalue nearby properties before approving building plans. The court said that when a proposed building is being considered, the decision-maker should check against whether the proposed property could disfigure the area, or reduce the value of the adjacent properties. The ruling comes as the apex court heard whether the legitimate expectations test, which is used to ... view more
Wednesday 20th February 2019 Makana municipality in the Eastern Cape has declared all its water, except in Riebeek East, free from E. coli as the Gift of the Givers rejoices over the quick discovery of underground water in Makhanda (formerly Grahamstown) that could help the troubled region pull through its water crisis soon. "The February results, according to the National Health Laboratory Service report, indicates failure in Riebeek East only in terms of E. coli, with all other testing areas/sampling points complying, ... view more
Wednesday 20th February 2019 The national budget allocates R1.8-billion for 262 priority land reform projects over the next three years, Finance Minister Tito Mboweni announced on Wednesday. A further R3.7-billion will go to emerging farmers seeking to acquire land. view more
Wednesday 20th February 2019 Diversified mining company Glencore said on Wednesday that it was furthering its commitment a low carbon transition, following engagement with the investor signatories of the Climate Action 100+ initiative. As one of the world's largest diversified mining companies, Glencore sees itself as having a key role to play in enabling the transition by prioritising capital investment to grow production of commodities essential to the energy and mobility transition and to limit its coal production capacity broadly to current levels. view more
Wednesday 20th February 2019 Trade and Industry Minister Dr Rob Davies says the memorandum of understanding (MoU) between Mozambique and South Africa on economic cooperation is a milestone. Davies was speaking at a signing ceremony in Cape Town with his Mozambican counterpart, Dr Ragendra Berta de Sousa, who signed on behalf of his country. view more
Tuesday 19th February 2019 Despite the technical recession in the first quarter of its financial year, South African aviation group Comair performed well to deliver a record 12% increase in revenue for the interim period ended December 31, 2018. However, the company said on Tuesday that the revenue growth was offset by elevated fuel prices and unforeseen short-term aircraft leasing costs. view more
Tuesday 19th February 2019 Digitalisation within the African energy sector is accelerating at a rapid rate, creating demand for innovation and adaptation to new market technologies and the development of new skill sets within organisations, Trade and Industry Policy Strategies executive director Saul Levin told delegates at Africa Energy Indaba, on Tuesday. By adopting digitalisation, $300-billion could be added to Africa's economy by 2026. However, prominence should be given to an African approach to maximise the benefit for Africa, a panel discussion led by Levin found. view more
Tuesday 19th February 2019 Following 58 mineworkers suffering fatal occupational accidents in South Africa in 2018, Kumba Iron Ore CE Themba Mkhwanazi on Tuesday drew attention to 2019 beginning globally with the tragic loss of life at Brumadinho, in Brazil, as a result of an iron-ore tailings dam collapse that killed 170 people, left at least 140 missing and caused major environmental damage. Mkhwanazi said at Kumba's presentation of 2018 results that the tragedy brought home the reality of the risks of mining and why the safety of its people should always come first and why environmental protection should receive high priority. (Also watch attached Creamer Media video). view more
Tuesday 19th February 2019 The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News Online on Tuesday that the bank was not concerned about its exposure to Eskom, despite revelations that the State-owned company would required a capital injection by April to remain a going concern. view more
Tuesday 19th February 2019 Parliament on Tuesday approved the long-delayed Carbon Tax Bill as it seeks to reduce harmful carbon emissions in Africa's most industrialised and polluting country. Big energy users including Sibanye-Stillwater and ArcelorMittal's local unit have opposed plans by South Africa to enact carbon tax laws in 2019, arguing the levies are unaffordable and should be scrapped or delayed. view more
Tuesday 19th February 2019 A number of trends and influences are driving change in the energy sector, with the collective drive towards a safer, more environment-friendly, reliable and sustainable future. Leading a panel discussion at the Africa Energy Indaba, on Tuesday, Strategic Concepts chairperson Sean Cleary said the transition to a low-carbon economy could not be insensitive to social needs. view more
Tuesday 19th February 2019 South Africa's Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights. Structural change and strong growth in particularly the China steel market has placed the Anglo American group company in pole position to receive record prices going forward. view more
Tuesday 19th February 2019 Trade union Solidarity on Tuesday said it had received a retrenchment notice from South32's Hillside aluminium smelter, in Richards Bay. The trade union stated that the retrenchment process could impact the lives of up to 30 000 people and, consequently, the entire Richards Bay area. view more
Tuesday 19th February 2019 JSE-listed engineering group Murray & Roberts (M&R) expects a significant improvement in total earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31. Basic EPS for the period are expected to increase by between 57% and 75% year-on-year to between 44c and 49c, while basic HEPS are expected to increase by between 54% and 71% year-on-year to 43c and 48c. view more
Tuesday 19th February 2019 Air transport would play a crucial role in the growth of intra-African trade, because of the poor terrestrial communications across the continent and the number of landlocked countries it contains. So affirmed South African Airways (SAA) CEO Vuyani Jarana in his keynote address at the opening of the Air Cargo Africa 2019 conference and exhibition in Kempton Park on Tuesday. But, he pointed out, increasing air cargo traffic within Africa would require the development of the necessary infrastructure at airports. Moreover, air traffic charges and levies should be set to promote air traffic -- excessive charges and levies served to discourage air traffic and could make some routes uneconomic to operate. view more
Tuesday 19th February 2019 Load-shedding is "extremely dangerous" to the local automotive industry, says Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby. Kirby is also chairperson of the National Association of Automobile Manufacturers of South Africa (Naamsa). view more
Tuesday 19th February 2019 The Congress of South African Trade Unions (Cosatu) marched to Parliament on Tuesday - the day before Finance Minister Tito Mboweni is set to deliver his maiden Budget - to call for job security and an end to retrenchments. The trade union federation held marches in eight of South Africa's nine provinces last week, but scheduled its Western Cape march for Tuesday to be closer to the Budget. view more
Tuesday 19th February 2019 Murray & Roberts (M&R) subsidiary Clough will acquire Houston-based engineering, procurement and construction (EPC) contractor Saulsbury's Gulf Coast downstream and chemical business unit, as well as its EPC portfolio, for $5.2-million. In the statement issued on Tuesday, M&R CE Henry Laas commented that the acquisition of a US-based EPC contractor in the oil and gas sector would enable its oil and gas platform to deliver projects to a rapidly growing market. view more
Tuesday 19th February 2019 Energy Minister Jeff Radebe listed the finalisation of the Integrated Resource Plan (IRP) for electricity as South Africa's main energy priority and indicated on Tuesday the policy should be approved in March. Speaking on the sidelines of the 2019 edition of Africa Energy Indaba he said he would be meeting the business and labour constituencies at the National Economic Development and Labour Council on March 5 and expected the IRP to be finalised soon thereafter. view more
Tuesday 19th February 2019 JSE-listed Balwin Properties' subsidiary Balwin Rentals has secured a right of first refusal to acquire 4 544 rental apartments that will be developed by Balwin. The developments are Greenpark, comprising 1 056 apartments, in Boksburg, which is expected to be completed by December 2021; Greenlee, comprising 1 728 apartments, in Linbro Park, which is scheduled for completion in March 2024; and Greencreek, comprising 1 760 apartments, in Riverwalk Estate, in Pretoria, which is expected to be completed in March 2025. view more
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"The Senior Executive Forum" is an exclusive forum for Chief Executive Officers and other senior executives to get together for a breakfast meeting at the Elangeni Hotel to network with each other and listen to distinguished speakers give talks on subjects of high relevance to their work and their lives.
Operating initially only in KwaZulu-Natal, attendance is by invitation only and the events are organised and managed by KZN Top Business Portfolio, DRG Outsourcing and Full Circle Communications.
This event is sponsored by FNB
The Elangeni Hotel on the 25 May The Senior Executive Forum, an exclusive forum for chief executive officers and other senior executives hosted a highly successful breakfast meeting at the Elangeni Hotel on the 25 May.
CLEM SUNTER
Wednesday 30th January 2019 Some invention, which in some way offers a better way of satisfying our basic needs, will come out of the blue and create a new industrial wave that none of us can imagine now, writes Clem Sunter. view more
Thursday 30th August 2018 Experience is something you get the moment after you need it. In reviewing South Africa's future, the wisdom in this comment can be turned on its head, writes Clem Sunter. view more
Thursday 18th June 2009 The world has more than lived up to the phrase "greed is good" by pursuing the principle that excessive greed is even better, says Clem Sunter. view more
Wednesday 8th August 2018 Clem Sunter had a conversation with a member of Generation Z about how she sees the future and it was telling. view more
Tuesday 22nd May 2018 A second economic crash may be on the cards for different reasons. The scenario is entitled 'Forked Lightning' as lightning usually strikes more than once, writes Clem Sunter. view more
Wednesday 16th May 2018 A new rule can destroy you if you do not recognise that it is a clockwork flag demanding that you change your behaviour and strategy, writes Clem Sunter. view more
Wednesday 9th May 2018 The rules may change over time and you need to anticipate the change before it happens, otherwise you may fall foul of a new rule and lose the game, writes Clem Sunter. view more
Wednesday 9th May 2018 Generation Z, namely those born in this century, are prepared to put revolutionary views on the table because they do have to live with the consequences and so will their children, writes Clem Sunter. view more
Monday 19th March 2018 Cyril Ramaphosa's ascent to the Presidency comes at a tipping point in the nation's destiny. If he applies his leadership right, we have a chance of moving back once more to the High Road trajectory, writes Clem Sunter. view more
Friday 9th March 2018 The idea that the status quo is sustainable is absurd. There has to be more equitable distribution of land between blacks and whites, writes Clem Sunter. view more
Wednesday 6th December 2017 A programme called 'Growing Foxes' at a private school for girls in London teaches them how to think creatively about the future and thereby make better decisions about their lives, writes Clem Sunter. view more
Friday 9th March 2018 If anything has proved how poor the conventional art of forecasting is at capturing the real world, the recent past has driven a nail into the coffin, writes Clem Sunter. view more
Tuesday 24th April 2018 Whose head will be on the chopping block next as a result of straying outside the conventional rules of politics or being found guilty of sexual misconduct, or both, asks Clem Sunter. view more
Wednesday 25th October 2017 How do you know for certain when a bubble is a bubble? The answer is, only when it bursts, writes Clem Sunter. view more
Thursday 31st August 2017 Despite being at the other end of the weather spectrum, the catastrophe in Houston should teach us two lessons for handling our drought emergency in Cape Town, writes Clem Sunter. view more
Friday 9th March 2018 The game of nuclear warfare has been changed by North Korea. At some stage there has to be a war to resolve this issue, writes Clem Sunter. view more
Friday 9th March 2018 Even if we have unusual rains going forward that get us to 40% of capacity, we still have a problem because 10% is too dirty to qualify as potable water, writes Clem Sunter. view more
Thursday 3rd August 2017 If Cape Town achieves the present target for consumption of 500 million litres a day, we may last until the end of April, 2018 which gets us close to next year's rainy season, writes Clem Sunter. view more
Monday 24th July 2017 Since nobody else in the major media outlets has taken up my challenge of writing a drought bulletin for Cape Town, I will attempt to do the first one, says Clem Sunter. view more
Wednesday 12th July 2017 Some editor out there should roll up his or her sleeves, assemble the best climatologists and ask them to give us their best range of estimates for the next 12 months and longer, writes Clem Sunter. view more
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KZN Local fashion designers to fly KZN colours high at SA Fashion week KZN Local fashion designers to fly KZN colours high at SA Fashion week
Thousands attended the historic Heritage Day celebrations held in Chatsworth. In keeping with Chatsworth's 50 year celebrations, the premier's office of KwaZulu-Natal joined forces with several political, community and religious organisations and celebrated Heritage Day in the heart of Chatsworth
The 2012 Rhino Parade is currently being shaped and has drawn together another group of incredible South Africans. Amidst much excitement, Patrick Lambie and Shaun Pollock unveiled their rhinos at King Shaka Airport. Graphic Design students at the Durban University of Technology (DUT) transformed the rhino sculptures into true works of art. -- at King Shaka International Airport.
Local fashion designers to fly KZN colours high at SA Fashion week
Trade & Investment KwaZulu-Natal (TIKZN) in partnership with the KwaZulu-Natal Fashion Council (KZNFC) have selected KZN based Fashion Designers to showcase at SA Fashion Week. SAFW will take place from 28 - 30 September 2012 in Johannesburg. TIKZN and the KZNFC will be co-sponsoring established, junior and emerging designers to present their collections at this event.
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