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Aspen soars on outcome of drug tender |
The share price of Aspen Pharmacare, SA’s biggest manufacturer of generic medicines, climbed 7,18% yesterday on news it had won the lion’s share of the government’s new R3,6bn AIDS-drug tender. Read more... |
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Amazon halts SA Post Office deliveries |
Rampant theft by Post Office workers has infuriated the internet retailing giant Amazon so much that it will no longer send goods to SA by post. Read more...
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Brazil explores SA open source push |
Brazilian ICT companies are keen to capitalise on the South African government's latest e-government push.The organisations say they have walked the path already and have a host of Linux- and Microsoft compatible open source software available in English. Read more... |
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Battle erupts over Vodacom BEE |
The Tiger Consortium, made up of black Vodacom employees and black business partners, has filed a court interdict to challenge Vodacom's BEE plans. The case is to be heard in the Johannesburg High Court. “I can confirm that we will be defending this matter,” says Vodacom spokesperson Dot Field. Read more...
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Cosatu welcomes inquiry |
COSATU has welcomed the Competition Commission's banking inquiry panel's recommendations for the banking sector. Read more... |
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Certain visitors to USA soon to obtain electronic pre approval to board USA bound transport |
The Department of Homeland Security (DHS) has announced a new system, called the Electronic System for Travel Authorization (ESTA), which they intend to make mandatory for certain business and pleasure visitors traveling to the U.S.A. Read more... |
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Clover applies to have hearings scrapped |
Competition Tribunal hearings on an alleged milk cartel could be over before they even get off the ground if Clover is successful in its application. Read more... |
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Deutsche Bank sued |
A US bank part-owned by billionaire Warren Buffett is suing Deutsche Bank over risky financial investments of the kind that caused the sub-prime crisis, the Wall Street Journal reported. Read more... |
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Do not cash in |
Finance Minister Trevor Manuel, flanked by trade union leaders, warned workers not to cash in their provident fund savings out of fear that the government will nationalise them. Read more... |
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Dubai appears on SA radar screens |
More buying opportunities are opening up to South Africans in Dubai, as the government of the United Arab Emirates (UAE) state continues to tweak legislation to boost foreign investment in its rapidly expanding real estate market. Read more... |
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Debt repayment problems |
Dont skip a payment if you can help it, it costs alot more than you anticipate. Read more... |
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Domestic violence guidelines to assist Magistrates |
Guidelines for Magistrates which will give them a better understanding of how to deal with cases involving victims of domestic violence, especially women and children, is to be unveiled.
Justice and Constitutional Development Minister Brigitte Mabandla will officially launch the guidelines on Friday. Read more...
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Euro for Yuri |
Slovakia's clear run at joining Europe's single currency club is set to spark debate among neighbours in central Europe about how fast they should follow suit. Read more... |
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EU looks to Britain to revive treaty |
European leaders gather for a summit in Brussels today, hoping Britain can breathe new life into their reform treaty, following its stunning rejection by Irish voters in a referendum. Read more...
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Euro holds its own |
European stock markets and Wall Street held their ground as oil prices showed new strength but US company earnings indicated new optimism. Read more...
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Euro stocks slip on oil |
European stock markets closed lower last week, giving up early gains as another record spike in oil prices, despite hopes for increased Saudi Arabian output, undermined investor sentiment. Read more...
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Farmers´ subsidies considered |
South Africa is considering subsidising farmers to ensure their competitiveness and survival. Read more... |
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Fuel retailers seek increase in margins |
Fuel retailers are set to meet the minerals and energy department tomorrow to lobby for more increases in the retail margins as rising fuel prices start to bite their bottom line. Read more...
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Fear and loathing |
Iona Minton responds to a question raised about the legal support of a tenant over a landlord in cases of proposed eviction for non payment of rent. Read more... |
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Govt to penalise excessive electricity users |
The regulatory framework, which will enforce the Energy Conservation Programme (ECP) and penalise consumers who use electricity excessively, is being finalised. Read more...
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House prices fall in ‘perfect storm’ |
Residential property prices are falling in real and nominal terms as a “perfect storm” of higher inflation, interest rates, and the National Credit Act come together to put increasing pressure on the market, according to the latest Standard Bank Property Gauge. Read more...
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Insurance for landlords |
What do you do when the ever increasing interest rate makes your bond repayments close to unaffordable and your tenants struggle to pay their rent? A massive 28 percent of tenants pay late or not at all — what can you do if it’s your property they’re renting? Read more... |
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Jobs intervention needed |
Reacting to the latest employment figures that shows employment had increased by 174 000 jobs between March 2007 and March 2008, Cosatu said the country was failing to create sufficient jobs. Read more |
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Keep targeting inflation |
The bank is widely expected to increase interest rates by anything between 50 and 200 basis points at its monetary policy meeting next week, amid warnings by Bank governor Tito Mboweni that inflation would stay for longer than expected. Read more...
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Legal chaos looms in Eastern Cape |
Eastern Cape courts could be plunged into chaos after Legal Aid Board lawyers began a province-wide strike to protest wage disparities. Read more... |
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Manuel seen as key to SA after Mbeki |
SA is only a year away from a new president and with economic risks mounting, foreign investors are apprehensive about who will head the continent’s most important finance ministry. Read more... |
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Matsepe-Casaburri to step down |
After delivering her department's budget speech in Parliament today, the 70-year-old Matsepe-Casaburri said a combination of her age, a desire to do non-governmental organisation work, and not having asked to be part of the next government means she will step down. Read more...
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National health cover edges closer |
The government hopes to resolve the myriad problems facing both the public and private healthcare sectors in SA by introducing a new health system that will provide basic medical care to all citizens, with the rich subsidising the poor and the healthy subsidising the sick. It will be financed by a mixture of government funds and mandatory contributions from employees. Read more...
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Nedbank eyes Nigeria |
Nedbank has applied for a banking licence in Nigeria, according to Siphiwe Cele, a bank executive, who made the announcement at the Nigeria/South Africa business forum in Cape Town. Read more...
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No way, eBay |
A Paris court was to decide on Monday whether to make eBay pay €51-million ($80-million) in damages to Louis Vuitton and other French luxury groups for letting fake copies of their goods be auctioned on its website. Read more... |
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Petrol price increase revised |
This follows an announcement the Minister of Minerals and Energy Buyelwa Sonjica on Monday that as anticipated, wholesale margins applicable to petrol, diesel and paraffin price structures will not come into effect on 2 July. Read more... |
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Pilotless aircraft ready for take off |
The Civil Aviation Authority (CAA) is working on regulations for integrating unmanned aircraft into mainstream aviation. Read more... |
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Red meat body cries foul over VAT cuts |
Producers of red meat have denounced Agriculture and Land Affairs Minister Lulu Xingwana’s proposal to scrap value added tax (VAT) on poultry meat products as anticompetitive, saying it could lead to the demise of the red meat industry in SA. Read more... |
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2% rate hike to ruin many |
The Inkatha Freedom Party urged SA Reserve Bank governor Tito Mboweni not to hike the interest rate by two percent at the monetary policy committee meeting on Thursday. Read more... |
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Smart ID cards for SA citizens only |
Smart identity cards would be initially only for South African citizens. However, the Department of Home Affairs (DHA) is considering introducing a specific card for immigrants and asylum-seekers, says DHA deputy director for immigration Jackson MacKay. Read more... |
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Submit an eConveyancing deed by just pressing a button |
With electronic conveyancing, the notary or court bailiff can digitally submit the deed to the Kadaster at the touch of a button. Read more... |
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SABS warning about cord extension brand |
The SA Bureau of Standards (SABS) has warned people they are in danger of burning their houses down by using a cord extension set marked "Lingtong".
"These products, distributed by Umbrella Industries and trading as PLA, have failed to meet the basic safety requirements...," the SABS said in a statement. Read more... |
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Thaksin judge given box of cash |
The box containing two million baht ($59 800) in cash was brought earlier this month to the secretariat of the Supreme Court by an unnamed lawyer, who asked for it to be given to a judge. Read more... |
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To buy or not to buy |
Iona Minton answers a question posed with regards to buying an apartment next door to one already owned. Read more... |
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Top buy to let tips |
The faltering South African property market has pushed up the demand for rental property as potential buyers sit on the sidelines. Read more...
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Wall Street wobbling |
Wall Street wobbled to a mixed close on Tuesday as the markets digested a tough message on inflation from Federal Reserve Chairperson Ben Bernanke that sparked talk of rates hikes from the central bank. Read more... |
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What to watch out for with lodgers |
Many homeowners now have to look at new ways to stretch their budgets and to meet their bond obligations in order to hang onto their properties. Read more... |
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What property slump? |
With South Africans feeling the pinch from rising fuel and food prices, and the prospect of further interest rate hikes looming, there is increasing demand among home-seekers for properties that are affordably priced and situated either close to places of work or with easy access to major transport routes. Read more...
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Wise words for SA economy |
Former Federal Reserve chairperson between 1987 and 2006, Dr Alan Greenspan, hinted that with the significant pressures coming from oil and food beginning to filter into the wage structure, it was important for SA's central bank to lean against higher prices. Read more... |
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Young legal eagles spreading their wings |
There is mounting evidence that younger South African lawyers are seeking greener pastures abroad. |
