Spotify eye IPO

Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish start-up is preparing for a share listing, which one banker said could value the firm at as much as $ 8 billion. Meeting U.S. Securities...

Renewed vigour to Industrial Policy

Trade and Industry Minister Rob Davies is beginning his second term in the portfolio with a renewed vigour to continue the implementation of South Africa’s Industrial Policy Action Plan (IPAP) which has helped stabilise the country’s manufacturing sector in recent...

Co-ops ask for support to create jobs

Representatives of cooperatives from across South Africa have asked Social Development Minister Bathabile Dlamini to improve their support services to help co-ops become more productive and create jobs. The request was made on Wednesday when Minister Dlamini met with...

Telecomms requests info on SMMEs

Telecommunications and Postal Services Minister Siyabonga Cwele has released a gazette requesting information on Small, Micro and Medium Enterprises (SMMEs) for the Information and Communications Technology (ICT) sector. “This is part of government’s priority to...

Automotive sector moves up a gear

President Jacob Zuma is expected to launch the First Automotive Works (FAW) South Africa assembly plant in the Eastern Cape on Thursday. Industrial Development Zone The R600-million truck assembly plant is based in the Coega Industrial Development Zone at the Nelson...

Job creation Japan

One of the most important, oft-ignored, trends in the world economy is the way technology is displacing humanity – capital equipment, both machines and software, is preferred to employing labour. It’s a major reason why high levels of unemployment persist despite...