BEIJING: Sportswear producer Nike said Wednesday, 25 March 2009, it would stop orders with three footwear factories in China and one in Vietnam as the global downturn forces the company to trim output. 26 Mar 2009
Pretoria Portland Cement (PPC), SA's largest cement manufacturer, said Tuesday, 24 March 2009, its overall sales dropped 9.7% in the five months to February largely due to weakening demand in the residential building sector. 26 Mar 2009
Buiding materials retailer Hardware Warehouse (HWWH) has set its sights on an expansion drive into southern Africa over the next year. 26 Mar 2009
South Africa's Consumer Price Index (CPI), which is the Reserve Bank's new inflation measure, increased a little higher than expected to 8.6% in February 2009, reports Statistics South Africa (Stats SA). 26 Mar 2009
Whether an individual is labeled an "employee" or an "independent contractor" may not carry much weight in determining the outcome of a legal dispute over copyrights. What's crucial to such arguments is the nature of the working relationship, not the label. To avoid the costs that often accompany such wrangling, it's best to establish copyright ownership before a project gets off the ground. 25 Mar 2009
The latest Credit Bureau Monitor indicates that while lower interest rates and salary increases might ameliorate the plight of many consumers paying off debts, the percentage of consumers in good standing is continuing to fall. 25 Mar 2009
Sony Ericsson's president of North America, Najmi Jarwala, has stepped down amid rumours that the joint venture between the two companies may soon be dissolved. 25 Mar 2009
Warner Bros. is reaching into its film vaults so it can sell old movies on made-to-order DVDs, in a move it hopes will goose sales of a vital product in a downturn. 25 Mar 2009
Sony colours Mall Cop green; DVD launches new packaging initiative for studio. 25 Mar 2009
South Africans, hard-hit by the increasing cost of living under the current economic climate, have been granted reprieve by the Reserve Bank which announced a 100 basis points cut in the repo rate on Tuesday, 24 March 2009. 24 Mar 2009
Coca-Cola, which has more than 3000 products in its stable, on Monday, 23 March 2009, launched its latest offering in SA — an energy drink — making SA the sixth country in the world and the first on the continent to taste the new product. 24 Mar 2009
The Bureau for Economic Research's (BER's) latest first quarter 2009 manufacturing business conditions survey reveals "extreme and broad-based weakness" in the South African manufacturing sector. 24 Mar 2009
SA's quarterly financial statistics released on Tuesday, 24 March 2009, show that non-farm, non government turnover accelerated to a 14.2% year-on-year (y/y) rise in the fourth quarter, but dipped 2.8% between the third and fourth quarters of 2008. 24 Mar 2009
Furniture group JD Group announced on Tuesday, 24 March 2009, that it has purchased a further 15% stake in Blake & Associates from the founding members, thereby increasing its controlling shareholding from 55% to 70%. 24 Mar 2009
The recent announcement by ArcelorMittal of its intention to increase the price of tin plate by approximately 70% from April 2009 will pose a severe threat to the future of the South African canning industry. 24 Mar 2009
CARACAS: Venezuela has begun an investigation into two paper companies, including US giant Kimberly-Clark, for allegedly skirting government price controls on products, officials said Monday, 23 March 2009. 24 Mar 2009
Big-wigs from the videogame industry began gathering in San Francisco, USA on Monday, 23 March 2009, to share tips and make connections in a sector proving resistant to the economic meltdown. 24 Mar 2009
It is better to keep embattled customers in their houses through a debt remedy programme than have them lose their homes, FNB said on Monday, 23 March 2009. 24 Mar 2009
Just over 10 years ago, South African Breweries (SAB), as it was then, listed on the London Stock Exchange, in a move that was bold, ambitious and risky. The company was one of six prominent South African companies that did so to escape exchange controls, improve their access to capital and have a stab at internationalising their businesses. 24 Mar 2009
Economists have predicted that the Monetary Policy Committee (MPC) will announce a 100 basis point cut at the least in the repo rate on Tuesday, 24 March 2009, after their two-day meeting. 24 Mar 2009
Let's do Biz