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EMPLOYMENT TAX INCENTIVE BILL

31 October 2013

President Jacob Zuma yesterday signed the Employment Tax Incentive Act No 26 of 2013, making into law an initiative that will complement government’s measures to create jobs for young workers and those in special economic zones.

Published yesterday as Gazette No. 37185, the Act will take effect on 1 January 2014

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Valves industry under the pump - Vamcosa

23 October 2013

The South African valve manufacturing industry is in dire straits, as imports continue to flood the country, and as a result the rapid implementation of valves designation for all State-owned enterprises (SOEs) is required to save the industry, Valve and Actuator Manufacturers Cluster of South Africa (Vamcosa) champion Gregory Walker tells Engineering News.

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Industry Clusters: Is History Repeating Itself?

03 July 2013

The concept of clustering is a popular one the world over. It was introduced by Michael Porter, an economic expert and Harvard professor, who defined a cluster as the geographic concentration of inter-connected companies and institutions working in a common industry. 

Clusters encompass an array of collaborating and competing services and providers that create a specialised infrastructure, which supports the cluster’s industry. Clusters draw upon a shared talent pool of specialised, skilled labour.

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