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NO NEED FOR RETRENCHEMENTS Delegates wrapped up the 19th annual African Mining Indaba in early February 2013 full of back-thumping promises to improve the public image of the sector. Little wonder that the mining captains feel the industry needs a facelift: since the...
Anglo's platinum operations are not "unprofitable". Rather, they are not "profitable enough". Plans to restructure will jeopardize the income of 14 000 workers and more than 100 000 dependents. AMCUs call to nationalize in response reflects the growing consensus on...
The former colony has become an unexpected source of jobs and investment for Portugal in the global downturn. Angola is Sub-Saharan Africa’s third largest economy, after South Africa and Nigeria (1). It is already one of Africa’s biggest oil producers, with an average...
The National Treasury, informed by its discussion document, “Confronting Youth Unemployment—policy options for South Africa” published in February 2011, has set aside R5 billion to finance the youth wage subsidy. This subsidy aims to close an alleged gap that exists...
One of the biggest pharmaceutical companies in the world, GlaxoSmithKline, the British drugmaker, has agreed to plead guilty to criminal charges, and pay $3bn to settle one of the largest cases of healthcare fraud in US history. The drug giant is to plead guilty to...
We have had [in England], ever since 1876, a chronic state of stagnation in all dominant branches of industry. Neither will the full crash come; nor will the period of longed-for prosperity to which we used to be entitled before and after it. A dull depression, a...
The spectacle of the blows between a Democratic Alliance-led crowd and COSATU (Congress of South African Trade Unions) would have been the stuff of farce if it weren’t so tragically unedifying. The DA has every right to march and be “provocative”. COSATU’s response...
Brian Kantor, the chief strategist and economist at Investec Wealth and Investment, responds to the debate about wages and productivity between Dick Forslund from AIDC, Simon Eppel from SACTWU and Loane Sharp from Adcorp (published in Business Report, December 13, 14...
‘Let’s put a value on Britain’s ecosystem services’ – the slogan has a nice ring to it. Perhaps we don’t fully understand the value of the wild plants, animals, and natural cycles around us, and if we did, we could appreciate and protect them better.But what is it...