Carry multiple currencies on Absa Cash Passport

Absa has launched a multi-currency Cash Passport that enables South Africans to carry multiple foreign currencies safely on just one card. Representing the future of travel prepaid cards; it allows cardholders to load multiple currencies on the same card with the global reach of MasterCard, accessing 35.9 million locations worldwide. 16 May 2013 10:08

Virtual pocket money management tool from Nedbank

Nedbank has launched the first allowance/pocket money management tool, MyMoneyMap, for families. Secure and easy to use, it empowers kids, with their parents' help, to build financial fitness from an early age. It enables parents to track the allowance given to their kids and the kids to track their funds. 10 May 2013 08:53

Funding for Durban dig-out port uncertain

There seems little doubt that despite questions and some objections, the proposed new dig-out port on the site of the old Durban International airport will go ahead. Exploratory drilling on the site by Transnet is already under way - what it calls early research - into the geotechnical composition of the soil. 13 May 2013 10:18

Bad debts may hurt credit retailers

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

Calls for yet another credit amnesty

[Helmo Preuss] Credit information services company Experian SA found that more than 2-million South Africans could be affected by a proposed credit information amnesty that seeks to provide relief to indebted consumers and improve their access to credit. 7 May 2013 09:55

Assupol gives policy-holders R892m

Pretoria-based Assupol has reached its centenary in style by completing its transition from mutual society to public company and then paying out a cash windfall of R892m to more than 228‚000 qualifying policy-holders who have opted for cash pay-outs instead of holding Assupol shares. 6 Mar 2013 08:42

Food, petrol prices cause for inflation hike

[Bathandwa Mbola] The increases in the prices of food and petroleum are important drivers of inflation. According to the South African Reserve Bank's (SARB) quarterly bulletin released on Wednesday, 19 March, food prices recorded double digit rates of increase, with the price of petrol also stocking inflation. 20 Mar 2008 11:25

Credit amnesty offers respite for bad credit

A proposed new credit amnesty could benefit up to two million blacklisted South Africans, the Department of Trade and Industry told MPs on Wednesday (13 February). 14 Feb 2013 11:46

SARS gets new powers to enforce payment

[TJ Strydom] The SA Revenue Service (SARS) has been given new powers to gather intelligence on taxpayers and collect revenue, it was reported on Tuesday (7 May). 7 May 2013 12:58

Bizcommunity.com

How to contribute to Bizcommunity, from op-ed pieces to news

[Issued by Bizcommunity.com] Bizcommunity.com has now expanded its operations into 16 new sectors and will soon venture into another 17, providing a whole new range of target audiences for advertisers. The most critical aspect of this is the quality of content and this is a formal invitation to you to become a recognised contributor on Bizcommunity. 3 Oct 2011 14:57

Grant Thornton merges with PKF

[Evan Pickworth] Second-tier accounting firm Grant Thornton moved a step closer to its aim of being one of the major accounting firms on Monday (6 May) when it merged its Johannesburg office with the multidisciplinary professional services firm PKF. 7 May 2013 11:23

Coface report highlights strain on SA's growth

The Coface Group, a worldwide leader in credit insurance, has released its latest report on South African growth prospects, taking into account the mining and export slumps. Overall, economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand. Coface believes that this will persuade the Monetary Policy Committee to keep policy neutral over an extended period, with interest rates remaining unchanged for most of 2013. A reversal in policy easing is likely only late in the year or even in 2014. 15 May 2013 14:50

Multichoice lends TopTV R500m

[Thabiso Mochiko] MultiChoice this week emerged as the surprise financial backer in the race to buy ailing pay-television service TopTV‚ in a last-minute move that could potentially stymie Chinese consortium StarTimes and keep the rival channel in local hands. 2 May 2013 10:19