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1 000s oppose Scorpions move |
The Democratic Alliance on Monday presented Parliament with over 2 000 written submissions from people opposed to the closure of the Scorpions. Read more... |
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ABSA buys 8% of Gautrain |
In a further display of its commitment to infrastructure equity investments, Absa Capital's Infrastructure Equity Investments team announced the acquisition of an eight percent shareholding in the Gautrain and the funding of a further eight percent shareholding, acquired by the J&J Group. Read more...
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A good time to buy |
Depending on your outlook and your current financial situation, these are either challenging times in the property market or the start of a period of great opportunity. Read more...
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Beijing deploys traffic surveillance network |
Beijing has warned drivers that might consider violating Olympic traffic restrictions that they will be caught by a hi-tech surveillance network, but offenders will receive only modest fines, local media reported today. Read more... |
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Brazil backs biofuel |
Brazil's state-run oil group Petrobras started commercial production of biodiesel Tuesday, ignoring the food versus biofuel controversy already dogging the planting of crops to make carburant.
President Luiz Inacio Lula da Silva inaugurated the first of three plants Petrobras is to open this year to turn out the biodiesel. Read more...
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Bumpy ride ahead on bad US earnings news |
Both international and local inflation remains a concern and market players will try to find direction as they attempt to predict central bank interest rate decisions. Read more...
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Close corporations required to file annual returns |
CIPRO issued a notice to the effect that all close corporations will be required to lodge annual returns and pay the prescribed fee as from 1 September 2008. Read more... |
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Consumers and Debt Counsellors |
Consumers should only approach a debt counsellor if they are unable to get help from their major credit providers or banks, the National Credit Regulator (NCR) said. Read more... |
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Cyber thief goes free |
A New Zealand teenager who confessed to a central role in a global cyber crime ring which caused millions of dollars in losses walked free from court on Tuesday with police wanting to secure his skills. Read more... |
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Civil Unions and Domestic partnerships in SA |
Critical reflections on an ongoing saga by Pierre de Vos and Jaco Barnard. Read more... |
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Court fines former Siemens manager over sham contracts |
A former Siemens unit manager was convicted yesterday at the first trial in a Munich corruption probe and received a two-year suspended sentence and a € 108000 fine. Read more... |
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Cancelling an offer |
I recently signed an offer to purchase a property with my wife and the bank has approved. However, the snag is that we are currently considering a divorce and if it goes through I will not be able to afford the repayments on my own. Iona Minton from Personal Finance answers this question... |
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Confidence falls as building sector feels pinch |
Business confidence in the building sector continued to decline in the second quarter, with the residential sector suffering the biggest drop. This followed from contractors feeling the pinch of weakening economic conditions, the latest FNB/Bureau for Economic Research (BER) confidence index stated. Read more... |
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Corporations, Institutions and better Governance |
Article written by Toby Webb and Meg Carstens |
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EU weighs ban on SA ostrich meat |
The European Union (EU), the main export market for SA’s ostrich meat, is considering banning ostrich exports as the agriculture department continues to falter on the monitoring of health standards. Read more... |
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Expat: Do I owe tax? |
I have been living abroad since February of 2006 and have not filed any tax returns since I have been out of the country simply because I neglected to do so. I am now worried about the implications thereof. Read more... |
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Emirates slams EU |
The president of Emirates airline criticised the policies being imposed by Britain and the European Union on airlines that he said were stifling moves towards greater efficiency. Read more...
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Fuel stations to close? |
Petrol stations need to close shop at night otherwise up to 15 percent will shut down before year-end, the Fuel Retailers Association warned. "It is too expensive and too dangerous to stay open at night." Read more... |
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House prices down 11,3% |
Median house prices fell to R550000 last month, a contraction of 11,3% year on year compared with the median house price of R620000 in June last year, according to the Standard Bank residential property gauge released. Read more... |
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Italian insurer opens up in SA |
Italy put its stamp of approval on the sub-Saharan Africa region when SACE Group, an Italian government-owned credit manager, opened its doors in Johannesburg this month. Read more... |
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International News |
Big pharmaceutical deals under scrutiny and The Netherlands' Competition Authority launches inquiry into health-care sector. Read more... |
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Manuel, Ackerman awarded |
Finance minister Trevor Manuel and businessman Raymond Ackerman will receive awards from the Woodrow Wilson International Center for Scholars of the United States' Smithsonian Institution, the center said. Read more... |
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Milk producers battle |
Milk producers are battling to make ends meet amid enormous input cost increases and the threat of declining producer prices, the Milk Producers' Organisation said. Read more... |
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Microsoft faces lawsuit over Silverlight |
Microsoft's latest legal headache is a suit from a little-known company called Gotuit Media, which charges elements of Silverlight infringe on the video metadata company's patented technology. Read more... |
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Manuel says NO on food tax |
Finance Minister Trevor Manuel has refused to zero-rate a number of foodstuffs for value-added tax despite pleas from left wing organisations including the SA Communist Party and the trade union federation Cosatu. Read more... |
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Proposed merger between ABSA and Woolworths |
Tribunal approved the proposed merger between ABSA Group Limited ("ABSA") and Woolworths Financial Services (Pty) Ltd ("Woolworths FS") on the 17th July 2008. Read more... |
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Property woes continue |
The outlook for the residential property market remains bleak. Read more... |
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PPI peace of mind |
South Africa's producer price index (PPI) rose by 16.8 percent year-on-year in June from 16.4 percent year-on-year in May, Statistics South Africa (Stats SA) data showed.
The PPI rose 2.6 percent on a monthly basis after May's monthly increase of 4.9 percent. Read more...
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Pay on the go for Mango |
Low-cost SAA subsidiary Mango has teamed with First National Bank (FNB) to offer flyers the option to buy and pay for plane tickets by way of their mobile phone. Read more...
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Robber tenants hit ‘secure’ complexes |
Crime in residential estates and complexes is on the rise, particularly in Gauteng, where syndicates are moving into complexes as tenants and breaking into houses for months before disappearing with the goods. Read more... |
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SAFFAS and travelling to the UK is grey |
Cape Town is looking a little like London today; grey skies, chilly weather and lots of rain. And that may be the closest young South Africans get to experiencing the famously drizzly British capital. Read more... |
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SARS offers free PAYE software |
SARS's new e@syfile PAYE software is available free to South African employers from SARS offices countrywide. Read more... |
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Setting a new Standard |
Standard Bank offers the most compelling opportunity of the South African banks from a structural and growth perspective, investment bank Merrill Lynch said. Read more...
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South Africans and Savings not a good combination |
OK, households are saving a mere 0.7 percent of their disposable income, a disturbing trend that's seemingly getting worse each year. Read more... |
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SA miner’s fate hangs on US decision |
Manganese Metal Corporation (MMC), a Nelspruit-based subsidiary of BHP Billiton, is pinning its hopes on a US government exemption from import duties for electrolyte manganese metal powder, a key South African export, in a bid to retain its position in the US. Read more... |
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Thugs granted bail a worry for crime bodies |
Local community crime prevention organisations which have heeded the call to help the police, are worried about the number of suspects being granted bail, who then go on to re-offend. They say that time and time again, suspects are granted bail-on such offences as housebreaking only to go on to commit more serious crimes such as armed robbery, rape and murder. Read more... |
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Upping the game |
With the introduction of the FET Certificate in Real Estate, which is registered at an NQF level 4, estate agents throughout South Africa need to up their game. All estate agents will be required to obtain the FET Certificate in Real Estate by 2010 if they want to continue to be eligible to obtain a Fidelity Fund Certificate. Read more... |
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UN crafts global reporting standard |
The aim is to align international company reporting systems to achieve one standard of “holistic reporting” so that readers of annual financial statements could make “more informed assessments” said King. Read more... |
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Vehicle repossessions hit new highs |
SA car market is experiencing the sharpest downturn in its history. Read more... |
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WinDeed goes big |
Once again WinDeed proves that you don't have to be a firm of attorneys to develop software for attorneys. Read more... |
