What crisis? Rob Davies shrugs off SA corporate flight, says foreigners investing

Trade and Industry Minister Rob Davies is charged with growing the industrial base of South Africa. I have been keen to catch up with him, specifically to hear his plan to combat the growing number of SA corporates who are taking their investments away from home. His response in today’s interview was illuminating. Davies said … Read more

Analysing the latest PMI – can it rebound back to healthy levels?

South Africa’s Purchasing Managers Index has been under strain of late, with recent numbers coming out below 50, an indication that South Africa’s manufacturing sector is experiencing economic strain. The unhealthy numbers of late have not been received with surprise given the slurry of recent labour unrest. August’s PMI has come in at 49, still indicating a … Read more

Poor results today but ArcelorMittal’s O’Flaherty will have many better

Paul O’Flaherty is onto his third big job after holding the financial director positions at Group Five and then Eskom. It has not been an easy start. Since moving into steel maker ArcelolMittal SA’s corner office at the beginning of last month, he’s had to cope with a strike by the metal industries union NUMSA. … Read more