Retrenchment did not stand in the way of success for this entrepreneur

jOHANNESBURG – Being  retrenched from a comfortable banking job has helped a promising businesswoman to venture into entrepreneurship.   Ruth Mthabine, 43, says she was retrenched from Absa where she worked as a risk consultant in the IT department in 2012.   Not knowing what to do, Mthabine, who hails from Bushbuckridge in Mpumalanga, founded and registered Masigide Consulting, a firm assists women-led small enterprises in rural areas with mentorship and training, and other business advisory services, among other support programmes.   In 2015 she became a business development service…

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OPINION: Direct international air access opens up KZN globally

DURBAN – Direct  international air access to KwaZulu-Natal is opening up the destination to the rest of the world, is a catalyst for greater investment and economic growth, and is in turn cementing the province’s position on the global tourism economy. A host of regional and big name international airlines now fly direct to Durban and the province’s Route Development Committee, which comprises Dube Trade Port, Tourism KZN, the Airports Company South Africa (Acsa), Trade & Investment KZN, Durban Tourism and other public and private sector partners have their sights set…

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Sacu/Mercosur agreement is paying off

JOHANNESBURG – The ratification of agreements between the Southern African Customs Union (Sacu) and the Southern Common Market (Mercosur) trade blocs has led to a steady increase in South African exports to Brazil, the country’s foreign economic representative to the South American state, Shanaaz Ebrahim has said. At the 12th Latin American Defence and Security Exhibition in Rio de Janeiro, where the Department of Trade and Industry is hosting a stand, Ebrahim said statistics showed that South Africa’s trade deficit with Brazil had shrunk to $700 million (R9.85 billion) in…

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Decline in civil engineering sector set to continue

CAPE TOWN – The struggling civil engineering sector is likely to continue to decline for at least 12 to 18 months as the country hopefully approaches the bottom of an economic cycle, according to an Industry Insight Construction Industry Forecast Report.“In terms of the official investment figures, we are expecting a contraction of 2percent for both 2019 and 2020, improving slightly to a contraction of 1.2percent in 2021 We still expect contractions, but we don’t think it will be nearly as bad as the last two years, with a small…

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A launchpad into Sub-Saharan Africa

JOHANNESBURG – Bombardier  Transportation SA managing director Aubrey Lekwane is positioning the company’s Johannesburg headquarters as a launchpad to expand into the Sub-Saharan Africa. The businessman was appointed to the position in 2012 to lead the business’s growth strategy, and improving its performance and competitiveness, among others.   In an interview with Business Report this week, Lekwane, who served as chief executive of the South African Mining Development Association in 2010, said the propulsion manufacturing plant located in Isando, would play a big role in their expansion plans into Africa.  …

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Fall Armyworm detected in Western Cape

The Department of Agriculture, Forestry and Fisheries has advised farmers and community members to take precautionary control measures to ensure early detection and effective control of Fall Armyworm (FAW) outbreak. This follows the detection of larvae of the Fall Armyworm (FAW) in the Western Cape, near the Clanwilliam area. The pests were detected for the first time on sweetcorn in late March 2019. The FAW moths were detected in several areas in the Western Cape between June and August in 2018. “FAW is a quarantine pest in terms of the…

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Structured plans to put PRASA back on track

Government has announced structured intervention to turnaround the country’s commuter rail system. Phase one of the intervention will see the appointment of a team of performance experts who will undertake a 6-8 week organisational analysis of the Passenger Rail Agency South Africa (PRASA). The team is expected to submit a factual report – addressing key factors that would have led to the failed implementation of PRASA’s Turn-Around Strategies, Transport Minister Blade Nzimande announced on Thursday. The new interventions follow President Cyril Ramaphosa’s Tuesday visit to PRASA in Cape Town to…

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African Swine Fever outbreak at North West farm

The North West Provincial Veterinary Services has placed a farm in the province under quarantine following an outbreak of African Swine Fever (ASF). The World Organisation for Animal Health on Wednesday reported an outbreak of African Swine Fever in the Zeerust area, just outside of the African Swine Fever controlled area of South Africa. The Department of Agriculture Forestry and Fisheries said the farm has been placed under quarantine by the provincial veterinary services, who are also doing follow-up investigations and applying disease control measures for this outbreak. “The virus…

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Ekandustria industrial park receives facelift

The launch of the R49 million Ekandustria Industrial Park will play a key role in linking various markets, says Trade and Industry Minister Rob Davies. “Ekandustria Industrial Park is strategically located in Eastern Gauteng, in close geographic proximity to the Maputo Corridor. The Maputo Corridor links the park with the markets in Mpumalanga via Witbank and Middleburg in the Eastern side and North West until Botswana via the City of Tshwane in the Western side,” said Davies. The Minister said this when he addressed the launch of the refurbished park…

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Brimstone to exit SA dairy deal on anti-Israel pressure

The Brimstone Investment Corporation will exit a deal led by an Israeli company to buy South Africa’s biggest dairy producer after protests by a pro-Palestinian activist group. The investment-holding firm is in “advanced talks” with a replacement shareholder that could see it exiting its entire shareholding in Milco SA – the entity that has offered R4.8bn deal to buy Clover Industries – by the end of the year, it said in a statement Friday.   The Central Bottling Company, based in Tel Aviv, is leading the transaction along and is…

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