Business News

  • Heading:  Tuesday, June 18, 2019 – 10:53 Author:  Having declared youth unemployment as a crisis, President Cyril Ramaphosa on Sunday appealed to young people to not give up hope for a brighter future with government’s assistance. “Youth unemployment is a national crisis,” said the President, while also appealing to the private sector to do what it can to alleviate unemployment. …read more…

  • Heading:  Monday, June 17, 2019 – 16:27 Item 4 of the Code of Good Practice: Dismissal (The Code), contained in Schedule 8 of the Labour Relations Act (LRA), states that: when an enquiry is held into an employee’s alleged misconduct “The employee should be allowed …… the assistance of a trade union representative or fellow employee.” It is on this …read more…

  • Thursday, June 13, 2019 – 15:38 Author:  Do you have the skills South Africa needs? A mismatch between skills and jobs has been noted as one of the leading causes of unemployment in SA. Each year government releases a National List of Occupations in High Demand to reveal the primary skills needs in the economy and minimise potential skills shortages. …read more…

  • Thursday, June 13, 2019 – 09:46 Author:  President Ramaphosa’s merger of the Department of Science & Technology with the Department of Higher Education and Training is perhaps propitious, especially given that the new educational imperatives of the Digital Era. The unification would assist in connecting science to the overall developmental challenges of the country through innovative policies and strategies. This …read more…

  • Thursday, June 13, 2019 – 09:10 Author:  Mohau Kwebu had many challenges growing up, including having a mother with a mental disability and an absent father, but he was determined to realise his dream of becoming a visual arts storyteller. Raised by his grandmother in the small town of Villiers in the Free State, he was focused on ensuring a …read more…

  • Wednesday, June 12, 2019 – 15:37 Author:  Organisations and individuals are being forced to think differently about the concept of employment. Terms like employee, manager and work are evolving to incorporate the changes happening across the globe. According to the video “The 5 trends shaping the world of work” there are five major factors that are causing this evolution to …read more…

  • Wednesday, June 12, 2019 – 11:41 Author:  The Minister of Basic Education, Angie Motshekga, has committed to working with provinces to ensure that education services are restored in areas affected by ongoing school disruptions in parts of the country. “We are extremely concerned because those candidates who are writing [mid-year] matric exams now are those who previously didn’t perform well …read more…

  • Wednesday, June 12, 2019 – 11:32 Author:  It’s no wonder that most medium-size companies are losing up to 105 days a year due to staff calling in sick because of the common cold or flu, since the majority of South Africans seem to be ill-prepared for the health challenges that the winter typically brings. As found in a survey conducted …read more…

  • Wednesday, June 12, 2019 – 09:30 Author:  Can an employee who makes a false allegation of racism against another employee can be dismissed? In the recent case of National Union of Metalworkers of South Africa obo Baloyi and Others v O-Line (Pty) Ltd (2019) 28 CCMA the Commission for Conciliation, Arbitration and Mediation (CCMA) had to determine the above issue. …read more…

  • Wednesday, June 12, 2019 – 09:24 Author:  The youth unemployment crisis is being highlighted during youth month. Mpho Funeke (21) is just one of the millions of young people in South Africa desperately searching for employment. From Johannesburg, she describes being unemployed as demoralising. SMEs are important in solving unemployment, but many SMEs find that affording new staff to grow …read more…

Finance News

  • Economic and business statistics in South Africa show that 34% of South African small and medium businesses are led by women. Research also shows that women continue to face barriers such as a lack of capital in order to succeed in business. In order to deal with this, a number of funding programmes have been …Read more…

  • POLOKWANE – Minister of Energy, Jeff Radebe announced the adjustment of fuel prices for May 2018  based on current local and international factors with effect from 2 May 2018. South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors. Read more: Petrol likely to increase by 41c in May, …Read more…

  • At the time of writing (late February) it feels very much like 2010 could be the “year of investing dangerously”.Notwithstanding the hype around the Soccer World Cup, there are jitters around the market driven by local political issues (the pesky mine nationalisation issue and Eskom’s dangerous price hike mandate) as well as global concerns around …Read more…

  • Ideally, this ranking measures the wealth-creating ability of companies listed on the JSE for at least five years.In most cases it does: the internal rate of return (IRR) shows the total return on investment, measured by share price appreciation plus dividends (including special dividends) discounted back over five years – in this case, to year-end …Read more…

  • The return on Equity/Cost of Equity (RoE/Ke) table was introduced to the Top 200 survey in 2009 – in a bid to dig deeper into the value creation efforts by companies listed on the JSE.The initial feedback from readers was mixed.While appreciating the extra effort from the McGregor-BFA brains trust, a number of readers felt …Read more…

  • When it comes to investing, market watchers can probably say with some certainty that size doesn’t matter.Certainly, a big company (say, with a market capitalisation of R60bn) really has no better chance of satisfying an investor than a company that has a market capitalisation of R60m.So what’s the point of analysing the market capitalisation rankings?Admittedly, …Read more…

  • Well, if this is the “new normal” – the phrase coined to describe how investors should adjust to lower returns in the post-global financial crunch world – it’s not looking too bad looking at the performance of unit trust funds.It’s not all good, but certainly not bad, with most categories of unit trust funds giving …Read more…

  • Ebitda is arguably still the worst acronym in the ever-morphing lexicon of financial jargon.As one observer remarked: “It sounds like the sound frogs make at night.”Ebitda – or earnings before interest, tax, depreciation and amortisation – has increasingly become the key line in company income statements.With a host of factors – thanks to new accounting …Read more…

  • Figures in tables provided by McGregor BFA were calculated according to the principles and definitions below.Published consolidated audited financial statements received and analysed before end-January 2010 were used.For certain companies with financial year-ends towards the end of the calendar year statistics may thus refer to financial years that ended in 2008.Provisional or unaudited figures and …Read more…

  • There’s something distinctly “unsexy” – and quite surprising – about the top rankings in our latest McGregor-BFA weighted composite financial index.The top three sectoral rankings – non-life insurance, life assurance and general industrials – wouldn’t exactly be described as the JSE’s hot-to-trot sectors.But those so-called “sexy” sectors – pharmaceutical/healthcare, technology and the retailers – are …Read more…