The South AfricanMerchantec CEO Confidence Index rose by 2 points, to 60.32 in Q4, from a Q2 lowof 48.13. A direct link between CEO confidence and economic improvement exists,FoneWorx Holdings CEO, Mark Smith told Business Day. Over 60% of CEOs expectcompany growth in the next six months, benefiting from the World Cup, whichcould grow the economy 1.8-2.5%, Smith noted. The index also showed a 10% jumpin their companies ability to raise capital, as banks relax lending criteria,Craig Margolius of Merchantec, said. The financial sector is closely followedby the technology sector, with technology, ICT, security and telecoms to showpositive growth leading up to the Football World Cup.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more