Citibank agrees to R69.5m fine
Citibank agrees to R69.5m fine

Citibank has agreed to pay an administrative penalty of almost R69.5 million in relation to the bank's involvement in a forex trading cartel, the Competition Commission said on Wednesday, 26 April 2017.

1 day ago

Romeo Makhubela, CEO at Novare Actuaries & Consultants
Rethinking pension fund investment

South Africa has a great deal of work to do in addressing the social and economic inequalities that exist today. The unemployment rate remains incredibly high (currently at an expanded unemployment rate of 35.6%), and retrenchments are on the rise.

By Romeo Makhubela 1 day ago

Royal London invests in SA insurtech product to cover diabetics
Royal London invests in SA insurtech product to cover diabetics

UK insurer, Royal London, will be adopting a South African designed insurtech platform to extend cover to clients living with diabetes, who were previously considered ‘uninsurable'.

3 days ago

2016 investment growth is highest seen in five years - JLL report
2016 investment growth is highest seen in five years - JLL report

JLL SSA's 2016 Investment Review of the South African property market reports a R28.8bn increase in investment (from R18.5bn in 2015), and a similar 52.8% increase in gross lettable area (2-million square metres). While portfolio sales contributed notably to this value (key portfolio deals included purchases by Tradehold, Imbali Properties, Delta and Mendo), investments still grew by an exponential 28.0% if the Tradehold is excluded.

3 days ago

Judge Dennis Davis. Source:
Davis committee to mull wealth tax

The Davis tax committee has begun its investigations into a possible wealth tax.

By Linda Ensor 3 days ago

UK Advertising Expenditure 2016
UK advertising passes £21bn in 2016

Following a record Q4 of advertising activity, the UK enjoyed a seventh consecutive year of market growth, as adspend grew 3.7% to reach £21.4bn. The Advertising Association/Warc Expenditure Report, a measure of advertising activity in the UK, has just published the full year figures for 2016.

3 days ago

Art in transit. Ensure it's insured
Art in transit. Ensure it's insured

If you own a Pierneef or Irma Stern, there is no doubt that you forked out a great deal of money for it. So the last thing you want is for it to be damaged when it is being transported.

25 Apr 2017

Abraham Cambridge, founder of The Sun Exchange
Powering Africa through blockchain crowdfunding

Africa is on the cusp of an energy revolution. We are seeing exceptional and pioneering solutions to how we generate, use, and pay for energy. There is a growing global understanding and acceptance of renewable power as a legitimate solution, and blockchain technology provides an equitable method of funding.

By Abraham Cambridge 25 Apr 2017

Junk status brings new challenges for SA businesses
Junk status brings new challenges for SA businesses

Business owners, senior managers and company executives need to prepare themselves for a bumpy second quarter in 2017, with the only certainty being that nobody really knows how much the downgrades by rating agencies and the weaker rand will impact on the economy.

Issued by UCT Graduate School of Business 24 Apr 2017

Desperately seeking: A viable healthcare payment system
Desperately seeking: A viable healthcare payment system

South Africa's private healthcare sector is under severe pressure, particularly with rampant inflation tracking at rates higher than CPI, creating a system that will eventually, in the not too distant future, become unsustainable.

By Nicci Botha 24 Apr 2017

How to keep your business cash cycle in good balance
How to keep your business cash cycle in good balance

It is always said that cash is the lifeblood of any business and that is for a good reason. You need cash to pay your regular monthly expenses at your business such as rent for your business premises, salaries and wages, electricity and water bills as well as acquisition of inputs needed to keep your business operational. To meet all these financial obligations, you will need to strike a good balance on your cash conversion cycle in order to ensure that at any given point in time you have free cash flows to fund your business operations. The balancing act may not come automatically; and you will therefore need to be proactive and take necessary measures to ensure your business liquidity is enhanced.

Issued by Monetary Library 24 Apr 2017

MediFin launches affordable travel insurance products
MediFin launches affordable travel insurance products

After noticing an increase in foreigners visiting South Africa, MediFin, a leader in cosmetic medical finance, has launched its very own online travel insurance products, MediFin Travel Insurance. The multi-peril international travel insurance offers all travellers peace of mind while travelling, whether they are South African residents travelling from South Africa or non-residents travelling to South Africa.

Issued by Medifin Financial Services 24 Apr 2017

Startupbootcamp Cape Town calls for applications
Startupbootcamp Cape Town calls for applications

Startupbootcamp (SBC) will be launching its new accelerator programme in Cape Town. Startups from around the world are invited to apply now to be part of the intense three-month programme.

24 Apr 2017