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By fstimes On 14 Dec, 2013 At 09:30 AM | Categorized As Business | With 0 Comments
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Martin Makoni, Bloemfontein MANUFACTURING production in South Africa fell by 2.5 percent for the three months ended October this year compared with the previous three months, Statistics South Africa reported this week. Figures released on Tuesday indicate that seven of the 10 main manufacturing divisions reported negative growth rates over this period. Motor vehicles, parts and […]

By fstimes On 14 Dec, 2013 At 09:48 AM | Categorized As Business | With 0 Comments

Martin Makoni, Bloemfontein LEADING agribusiness company Senwes says poor grain harvests in the central and western parts of the country over the past two years have had an impact on the company’s half-year results for the period ending October 31 this year. In its latest financial results, Senwes said the entry into the local market by […]

By fstimes On 14 Dec, 2013 At 09:30 AM | Categorized As Business | With 0 Comments
cees

Cees Bruggemans THE world has been in need of monetary support and the leading central banks have duly obliged in taking their interest rates to or near zero, and providing more support through unconventional bond buying, long-term supply of cheap credit to banks and unprecedented forward guidance on future rates (very low for really very […]

By fstimes On 3 Dec, 2013 At 07:16 AM | Categorized As Business | With 0 Comments
etolls

Martin Makoni, Bloemfontein BUSINESSES and individuals in the Free State province could be forced to pay more for goods and services originating from Gauteng should e-tolls go live on December 3, analysts have said. Efficient Group chief economist Dawie Roodt told the Free State Times this week that even though the direct impact of e-tolls […]

By fstimes On 3 Dec, 2013 At 07:21 AM | Categorized As Business | With 0 Comments
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Martin Makoni, Bloemfontein THE Free State provincial contribution to the South African economy declined by 0.7 percentage points from 5.9 to 5.2 percent between 1997 and 2012, Statistics South Africa (Stats SA) reported this week. The province was only second to KwaZulu-Natal whose contribution eased 0.9 percentage points from 16.7 to 15.8 percent. Limpopo province recorded […]

By fstimes On 3 Dec, 2013 At 07:28 AM | Categorized As Business, Columns | With 0 Comments
cees

Cees Bruggemans SOUTH Africa’s retail sales volumes have been effectively trading sideways since March. In other words, minimal lift. September was only 0.2 percent year-on-year. Some retail areas still retain some growth momentum. Clothing and footwear managed to rake in six percent growth and hardware merchants did 3.5 percent, indicative there was life in the […]

By fstimes On 23 Nov, 2013 At 10:54 AM | Categorized As Business | With 0 Comments
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Martin Makoni, Bloemfontein THE recent drop in the consumer price index for the Free State province which shed 0.3 percentage points from 6.2 percent in September to 5.5 percent in October could be short-lived as fuel prices might go up at the end of this month, an economic expert has said. Central University of Technology (CUT) […]

By fstimes On 23 Nov, 2013 At 10:27 AM | Categorized As Business | With 0 Comments
sab

SABMiller has reported a rise in profits for the first half of its financial year, as strength in Africa helped offset declining beer sales in Europe and North America. Earnings before interest, taxes, depreciation and amortisation rose seven percent to $3.27 billion in the six months ended September 30. That was ahead of analysts’ average […]

By fstimes On 23 Nov, 2013 At 10:52 AM | Categorized As Business | With 0 Comments
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Martin Makoni, Bloemfontein SOUTH African companies are losing millions of rands every year due to absenteeism as employees continue to miss work due to ill-health, low morale and psycho-social reasons, according to experts. Occupational medicines specialist at healthcare consulting firm EOH Health, Andrew Thomson, told the Free State Times this week that absenteeism in the country […]

By fstimes On 23 Nov, 2013 At 10:58 AM | Categorized As Business, Columns | With 0 Comments
cees

Cees Bruggemans THERE are two recent instances in our national life, the one internally and the other externally, where the only saving grace is time. For to get caught out unawares by a major disruptive event tends to be devastating, with only a very small chance of taking evasive action and limit the damage. But […]