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SG’s wealth and asset management unit PSG Konsult said it is going to stick to its strategy of growing existing businesses following its strong performance during the year to February. The group, whose operations comprise of wealth management unit, PSG Wealth, PSG Asset Management and short-term insurer PSG Konsult, reported a 4% increase in recurring net profits when most life insurers posted declines for the 2018 financial year as a result of the JSE losses. The JSE closed 11.37% down in 2018. “We often get asked if we plan to be acquisitive and it’s very difficult to predict if we will be in future butRead More →

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Interceptor evolved out of HI-TEC Sports, the footwear company founded in 1974 by Frank van Wezel. It was Frank’s love for sport that lead him to build an innovative, lightweight and instantly comfortable sports shoe. This lightweight technology could be transferred into safety and uniform footwear. First, Magnum Boots evolved out of HI-TEC in 1982. A uniform and security footwear range that has been an established international brand since 2000. Then, HI-TEC expanded their range to include a range of safety footwear which was called HI-TEC Work. This has now evolved into Interceptor by HI-TEC. Interceptor by Hi-Tec, answers to the end-user’s demand in providingRead More →

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What business is willing to say to itself is as important, as what it says to government. Which is why the document, a contract with society, released by an organisation representing big business, Business Leadership SA’s Contract with South Africa may be setting a new tone not only on how business deals with government but also how major economic actors deal with the economy’s problems. When most commentators are asked how South African business should respond to government, the common response is that it should complain, loudly and in public. This view has no doubt firmed since the March cabinet reshuffle damaged the economy andRead More →

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The moment an undergraduate student starts a business degree, their mind is already geared to the job offers they hope will be coming thick and fast upon graduation. Yet there is an ongoing mismatch between what students think employers want, and what employers are actually looking for. Amid concerns that places are going unfilled because some graduates are not making it through selection processes, a new campaign has been launched called Work Ready Graduates to get more university students comfortable with business etiquette. Employers need to make sure the graduates they hire can hit the ground running, but are also flexible employees who can re-trainRead More →

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Interceptor evolved out of HI-TEC Sports, the footwear company founded in 1974 by Frank van Wezel. It was Frank’s love for sport that lead him to build an innovative, lightweight and instantly comfortable sports shoe. This lightweight technology could be transferred into safety and uniform footwear. First, Magnum evolved out of HI-TEC in 1982. A uniform and security footwear range that has been an established international brand since 2000. Then, HI-TEC expanded their range to include a range of safety footwear which was called HI-TEC Work. This has now evolved into Interceptor by HI-TEC. Interceptor by HI-TEC, answers to the end-user’s demand in providing highRead More →

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Saudi Arabia is in talks to build an oil refinery in SA as part of a pledge to invest as much as $10bn in the economy. Joint studies for a refinery and petrochemical complex will be conducted by state oil giant Saudi Aramco and the Central Energy Fund, energy ministers from the two countries said in Pretoria on Friday. The negotiations mark a step forward in SA’s plans to add a refinery, which it has been considering for about a decade. Saudi Arabia made its spending pledge last July as President Cyril Ramaphosa sought investment to revive a flagging economy. Although SA has struck previousRead More →

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The Square Kilometre Array (SKA) project in the Northern Cape is not only about building a radio telescope to tune into the universe. It is also about investing in bright young scientists, local communities, and South African technology companies. Over R300 million has been spent in the Northern Cape with the construction of the KAT-7, a proof-of-concept radio telescope, and MeerKAT, the precursor to the SKA. The South African Radio Astronomy Observatory (SARAO) spearheads South Africa’s activities within the SKA, an international project. In 2005 the SARAO funded nine students to study in science. Last year it was 103. Altogether 1,000 students have received grantsRead More →

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SA’s manufacturing accounted for 24% of South Africa’s GDP in 1980 but by 2017, it was 13% Hosting its inaugural Business Economic Indaba, Business Unity South Africa (Busa) has unveiled vital areas for partnership with the government that includes equipping people with the means to earn a living, developing ideas to up research & development investment, building the right infrastructure and improving South Africa’s ease of doing business. The indaba, which was conceived in late 2018, brought government and business together to  discuss how to build a partnership that would help drive inclusive growth and transformation. Inevitably topics under discussion included the governance challenges in state-owned entitiesRead More →

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Banking on opportunity AT(SA) and BANKSETA team up to fight youth unemployment Employment opportunities are something we all look for. Yet, opportunity is not equally distributed.  Here in South Africa, where the unemployment rate currently stands at 26.7%, the real or ‘perceived’ lack of opportunity generates discouragement, discontent and disillusionment. It is for our youth aged 15-34 that the problem is the most severe. The youth unemployment rate of 38.2% implies that one in every three young people in the labour force is without work. Even more significant is that due to the lack of opportunities, some of these young people have become so discouragedRead More →

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THE ADVANTAGE OF ANALYTICS The wealth of data and the maturation of analytics tools are creating a means of creating data-informed solutions. Analytics can help shed light on questions surrounding a host of complex issues. Analytics is all about the use of statistical analysis and models, either explanatory or predictive, to gain valuable information to apply to complex problems. Analytics can provide insights into a wide variety of uncertainties for an institution. So analytics must start with a question or hypothesis. UPS AND DOWNS The first step to solving any problem is understanding the problem. Once you understand the problem, it is relatively simple toRead More →