South Africa’s sizable coal exports to China have abruptly dropped to virtually nothing since March this year, reflecting how quickly the world’s major commodity importer can affect the fortunes of trading partners like South Africa.
Dewald van Rensburg
The Black Business Council in the Built Environment (BBCBE) has called for new government support for so-called black industrialists to jettison the usual definition of “black-owned” in favour of 100% ownership by black people.
The stagnation of South Africa’s manufacturing sector over the past two decades is resulting in a spectacular, and ongoing, deindustrialisation of the economy.
Employees of cement maker PPC have launched a petition campaign calling on the company’s board to reinstate Ketso Gordhan as CEO.
The long-awaited new BEE codes for small companies are far tougher than their 2007 predecessor.
The political implications of a national minimum wage are strangely absent from the heated debates about what could be the biggest labour market intervention in two decades.
The plummeting gold price could push South Africa’s gold mines into yet another period of restructuring, reducing production and shedding jobs.
Public sector unions want another shake-up of the state’s pay scales, and are asking the government to pay its unskilled workers massive premiums on going rates in the private sector.
Despite widespread speculation that Ketso Gordhan, CEO of cement giant PPC, resigned because of differences on his African expansion strategy, or the wage freeze he enacted for senior staff, City Press has learnt he left because the board of directors refused to let him fire a senior manager.
The resignation of two more senior Eskom executives this week all but eliminates the entire executive team put together by the company’s former chief executive, Brian Dames.
The long battle over collective bargaining in the manufacturing sector is coming to a head. The labour court has given the Metals and Engineering Industries Bargaining Council (MEIBC) one month to fend off a legal attack that could undermine it completely.
South Africa’s new banknotes will, in all likelihood, bear the signature of current deputy governor Lesetja Kganyago.
City Press on Twitter
- Zuma can pay #Nkandla debt without bailout – IFP: http://t.co/rMHn1ETaLU 4 hours ago
- Magistrate tells ‘horny dog’ to date ’16-valve girls’: http://t.co/zPwou11tqP 5 hours ago
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Could you please calm down and crawl back into the beds and couches from whence you came? Yes, I’m talking to you.
It should be increasingly difficult for South Africa’s top executives to justify their enormous pay packages, given the furore over excessive pay, the country’s high level of unemployment, and the huge disparity between the highest- and lowest-paid employees at companies.