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Limpopo government powers restored

National government has restored the powers of the Limpopo provincial government following a successful intervention to get that province back to good financial standing.

29 Jul 2014 10:01

G20: Africa's growth can stabilise the world economy

Goods are made in the world. Your smartphone contains rare earth minerals mined across Africa. Different components are manufactured across the globe and, in the case of your iPhone, assembled at a factory in China before being shipped to the US. Older smartphones are shipped to the developing world, where they are refurbished and resold, or recycled for the gold, silver and platinum used in their manufacture.

By Sulaiman Philip 29 Jul 2014 09:49

Parties to a statutory merger must consider tax consequences

The purpose of this article is to discuss aspects of the relationship between the provisions of the Companies Act, No 71 of 2008 and the Income Tax Act, No 58 of 1962 (ITA) in relation to statutory mergers.

By Justine Krige 29 Jul 2014 07:28

Actis sells 9% stake in Alexander Forbes

Actis has sold a 9% stake, in an oversubscribed offer through the Johannesburg Stock Exchange (JSE), representing a large part of its 13% total stake in Alexander Forbes Group Holdings Ltd.

29 Jul 2014 06:49

Pick neighbourhood before buying a house

Home buyers should pick the right neighbourhood before they even start looking for a house; says FNB because it is pointless buying an affordable house in the wrong area.

By Gaongalelwe Moatshe 28 Jul 2014 13:51

Are you working smart to avoid the pitfalls in completing your tax return?

The 2014 tax season is now in full swing and individual taxpayers earning remuneration income in excess of R250,000 or earn other "non-salary" income (investments), need to submit a tax return to SARS for the year ended February 2014.

By Desiree Goodwin, Issued by Meredith Harington 28 Jul 2014 13:41

Spur sells food worth R5.5bn in a year

Restaurant group Spur Corporation increased total restaurant sales by 13.5% to R5.5bn in the year to end June‚ the group said in a sales update on Monday.

28 Jul 2014 13:27

Hulamin makes R130m on R4.6bn revenue

Aluminium manufacturer Hulamin has delivered a 42% increase in normalised earnings to R130m in the six months to June‚ boosted by the weaker rand.

28 Jul 2014 12:49

Vodacom boosted by international growth

Vodacom (VOD)‚ South Africa's largest mobile operator by subscriber numbers‚ on reported fast growth outside of its domestic market‚ offsetting stagnating growth at home in the June quarter.

By Samuel Mungadze 28 Jul 2014 11:50

Cross-border deals in Africa have legal challenges

The risk appetite of lenders and the track record of borrowers and sponsors must be taken into account when entering into cross-border deal structuring in Africa.

28 Jul 2014 09:30

Jaltech structures financing for Usutu transaction

Jaltech Financial Consultants has played an instrumental role whereby Montigny Investments Limited closed the R1bn purchase of Sappi Limited's Usutu Forest Products Company Limited in Swaziland. This transaction represents the largest amount ever raised for a private transaction in Swaziland.

28 Jul 2014 09:10

Fitch awards AAA rating for Mutual & Federal

South African short-term insurer, Mutual & Federal, has been awarded a AAA (ZAF) rating for insurer financial strength by Fitch, the international rating agency.

28 Jul 2014 08:57

Zuma responds to debate on Presidency's budget

President Jacob Zuma said the gains that await developing countries through the BRICS New Development Bank will far outweigh the cost of establishing the bank.

25 Jul 2014 06:59