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Credit amnesty a challenge for credit lenders

Credit lenders should rather look for new ways of deriving consumer information on which to base their lending decisions, and not complain about the new credit amnesty which was implemented on 1 April 2014.

17 Apr 2014 11:11

Absa supports Orlando Children's Home

Absa is epitomising the words of former State President Nelson Mandela when he said, "There can be no keener revelation of a society's soul than the way in which it treats its children."

17 Apr 2014 09:55

Customers place King Price top of the hill

Short-term insurance newcomer King Price has continued on its path of toppling industry incumbents by claiming top spot in two categories in the 2013 South African Service Awards.

Issued by King Price 17 Apr 2014 09:51

State pension fund gets new board, six months late

The Government Employees Pension Fund - shaken in recent months by internal feuding‚ a succession of disciplinary procedures and the suspension of its principal executive officer - is finally getting a new board six months after the term of the last board ended.

By Carol Paton 17 Apr 2014 08:15

SABMiller's Africa sales slow growth

SABMiller's (SAB) fourth-quarter revenue growth fell short of analysts' expectations‚ sending the global brewing company's share price down by 2.21% on the JSE on Tuesday (15 April).

By Nick Hedley 17 Apr 2014 07:58

Competition Tribunal allows Afgri, AgriGroupe merger

The Competition Tribunal has explained its decision to include an agreement reached between government departments and merging groups Afgri and AgriGroupe as part of its condition to approve the transaction.

16 Apr 2014 10:35

Pick n Pay earnings up 24.4% to 138.5c

Retailer Pick 'n Pay reported an increase in headline earnings per share (HEPS) for the year ended March of 24.4% to 138.51c up from 111.30c for the previously reported 368-day period in 2013.

16 Apr 2014 10:17

Competition Tribunal ruling on Oceana deal

Fishing company Oceana has been ordered to sell Foodcorp's fishing rights along with its Glenryck brand‚ as a condition for approval of a transaction allowing Oceana to take over the fishing business of Foodcorp.

By Amanda Visser 16 Apr 2014 09:31

Institute of Retirement Funds appoints new CEO

Steven van Schanke has been appointed as the new chief executive officer of the Institute of Retirement Funds Africa (IRFA). Van Schanke, a qualified chartered accountant, spent five years in the United Kingdom where he gained experience in a number of finance-related ventures, before returning to South Africa in 2006 to set up his own business.

16 Apr 2014 06:55

SABMiller full-year group revenue up 3%

Global brewing company SABMiller (SAB) reported a 3% rise in group net producer revenue for the 12 months ended March 2014.

16 Apr 2014 05:55

SAB's soft drinks unit aims to cut 400 staff

The soft drinks division of South African Breweries (SAB) plans to cut more than 10% of its workforce in a restructuring programme aimed at reducing costs‚ SAB confirmed on Monday, 14 April 2014.

By Nick Hedley 15 Apr 2014 16:33

R4,66 billion acquisitions for Growthpoint

In a R4,66 billion transaction, Growthpoint has acquired a 34.9% stake in Acucap Properties and a 31.5% stake in Sycom Property Fund, which will give Growthpoint around 38% of the merged entity.

15 Apr 2014 10:34

Industrial property yields on the rise

The slowdown of the industrial property market has started to take effect and yields on industrial property investments have started to rise.

14 Apr 2014 14:10