Businesses bleed jobs for third consecutive quarter

New figures from the QES showed that South Africa’s formal non-agricultural sector shed 31 000 jobs in the third quarter of 2017. With losses of 41 000 in March 2017 and 31 000 in June 2017, this marks the third straight quarter of job losses across South Africa. The job market has experienced notable pressure in the last year, with 83 000 formal jobs lost from September 2016 to September 2017. The greatest losses were reported in the community and personal services industry, down 10 000 for the quarter and 106 000 for the year. This…

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Scaw Metals dismisses US claims about steel dumping

Scaw confirms it has not exported wire rod to the US ‘for many years’ as US finds ‘critical circumstances’ exist with respect to ‘producers and exporters in SA’ South African steel producer Scaw Metals has dismissed an “affirmative preliminary determination” by the US department of commerce that states the company was involved in dumping carbon and alloy steel wire rod in America, along with firms from Italy, South Korea, Spain, Turkey, Ukraine, and the UK. Dumping occurs when a foreign company sells an imported product at less than fair value.…

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SOUTH AFRICA #CapeWaterGate: Business under strain in Cape water crisis

When water is scarce, the industry hardest hit is agriculture, where job losses are already projected to reach tens of thousands. As the Western Cape is discovering, however, there are other businesses that are heavily water-dependent – from the obvious (swimming pool installers) to the less obvious (abattoirs) – and taking serious strain in the water crisis. On the flip side, the amount of water dedicated for industrial use is also under scrutiny. By REBECCA DAVIS. “Big business should be held to harsher water restrictions than individual consumers,” wrote academic…

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Young woman builds business empire from R1 000

When Promise Machimane, 32, was retrenched from her bank job, she struggled to find employment for a number of years, a story that thousands of young people can relate to. Despite the depressing period of unemployment after having lost her job with six years of experience, Machimane decided to establish a company with just a capital of R1 000. She is the founder and Chief Executive Officer of Mia Sanitary Towels and Mia Foundation. Her company manufactures sanitary towels and baby diapers. She hails from Tzaneen in Limpopo but is currently…

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“Robot, Doing Nothing”: zenon at the Ars Electronica Festival

ur zenon software will be brought to life at the Ars Electronica Festival for art, technology, and society from September 7 to 11 in Linz, Austria. As part of the media art project “Robot, Doing Nothing”, zenon will transform a robot into an element of the Industrial Internet of Things. The project “Robot, Doing Nothing” was designed and developed by the Viennese artist and designer Emanuel Gollob in collaboration with Johannes Braumann from the Creative Robotics Lab of the University of Art and Design Linz. Gollob envisions a post-industrial future…

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Brics bank will ignite growth in SA, says Gigaba

As Brics countries (Brazil, Russia, India, China and SA) celebrated the launch of the African regional centre of the New Development Bank (NDB), South African taxpayers can expect to contribute $2bn over a seven-year period. The bank, which lends funds to its member countries exclusively for now, aims to contribute to the acceleration of infrastructure investment in energy, transport, water and other productive sectors. SA has already requested and received a R2.4bn loan from the bank for Eskom’s renewable energy projects. However, the loan has since been temporarily halted over…

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Agri trends: Grains, oilseeds, livestock and fibres

South Africa’s maize export With an all-new record crop of 15.9 million tonnes, SA is expected to have a carry-over stock of about 2.2 million tonnes of total commercial maize in the following season. Only about 750,000t of maize is expected to be exported by the end of August in the current marketing year, the rate of exports is currently slow considering expectations of exports around two million tonnes plus by April 2018. We may see an increased export rate once prices reach R1,550/ton, this may ensure that the weekly…

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Cross-Merchandising

Cross-merchandising is the retail practice of marketing or displaying complementary products together, with the aim of generating additional revenue. For retailers and brand owners, cross-merchandising plays an important role in increasing sales and ultimately increasing revenue. Here’s why: Nowadays most people are very busy and will appreciate any effort to help cut down on their shopping time. Placing complementary products together in one aisle in a retail store will aid in decreasing the time spent by a customer in-store. For example, a consumer goes into a store to buy some…

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