
Credit retailers' share prices came under varying degrees of pressure in the wake of African Bank's warning over soaring bad debts. This has brought into focus the potential of credit retailers being vulnerable to higher levels of bad debt among borrowers.
20 May 2013 07:17
The annual Supply Chain Management Education Excellence Awards were held on 7 May 2013 in Rosebank. Awarded by SAPICS (Association for Operations Management of Southern Africa), they aim to encourage the continuous improvement of the body of knowledge, address the skills shortage in the profession and to encourage the sharing of knowledge between organisations and individuals.
17 May 2013 13:35To avoid losing margins to SARS, retailers need to ensure that they are in possession of associated tax invoices for VAT inputs. Following successful SARS legal cases, companies need to ensure that all input tax invoices are compliant and the record of invoices is complete.
17 May 2013 13:10
[Samuel Mungadze] Anglo Platinum (Amplats) workers have vowed to embark on an indefinite strike starting Friday (17 May) if management does not halt its plans to retrench 6‚000 employees.
17 May 2013 12:50
Astrapak optimists are betting heavily on the new chief executive Robin Moore's ability to restore the troubled packaging firm to health. Reflecting this confidence, Astrapak is trading on a 75,5 price:earnings ratio despite a 61% fall in headline earnings per share for the year to February and a 90% fall in earnings over the past three years.
17 May 2013 11:16
The South African leg of the international Great Wine Capitals of the World (GWC) Best of Wine Tourism Awards took place at La Motte Wine Estate in Franschhoek on Thursday, 9 May 2013. SA is part of the GWC network of the top 10 wine producing and wine tourism regions in the world, as judged annually by the GWC.
17 May 2013 10:52
Cutting costs is a hallmark of packaging and paper group Mondi and over the longer term it has paid off, as could be seen in its recent upbeat interim management statement.
17 May 2013 10:03
Sales to Finland of Two Oceans wines grew by double digits year-on-year for the 12 months to March 2013, making this the third largest market for the brand. Canada remains its biggest market, followed by South Africa.
17 May 2013 10:33
Atlantis City Shopping Centre in the Western Cape has been acquired by Synergy Income Fund Limited for approximately R334 million, making it the fund's largest single property investment since listing in December 2011. The retail centre is expected to transfer on 1 September 2013.
17 May 2013 10:21
Johann Fourie, formerly senior winemaker with KWV for the past eight years, has been promoted to the position of chief winemaker. He takes over from Richard Rowe, who will become the organisation's brand ambassador/consulting winemaker.
17 May 2013 09:56
The Public Invesment Corporation's (PIC) R62bn real estate portfolio, may be one of the most commanding jobs in the SA property sector.
17 May 2013 09:41