A 2008 WB survey showed South Africa as oneof the most attractive emerging markets in which to do business, putting it inan excellent position to attract more foreign direct investment. The countryranked third, after Thailand and Malaysia, out of 12 countries, outperformingChina and Brazil. WB senior economist and lead report author Taye Mengistaesaid, however, that crime, access to small-business finance, skills developmentand workforce productivity remain weak areas. The survey showed that crimecosts business an average of 3.2% of their annual turnover. Chief economist atEconometrix Azar Jammine said South Africa is losing ground on the skillsdevelopment front.
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