Uncertainty about transfer pricing rules in Africa a concern for foreign companies

Companies doing business in Africa face several uncertainties, including how tax authorities will handle transfer pricing (TP). It is vital that organisations prepare comprehensive documentation to demonstrate their application of the arm's length principle and the procedures followed. 5 Apr 2011 12:05

Bajaj launches new ultra-low-cost car

NEW DELHI, INDIA: Indian manufacturer Bajaj Auto unveiled an ultra-low-cost car on Tuesday 3 January, its first foray into the four-wheel market, pitching the vehicle as a solution to urban pollution and congestion. 6 Jan 2012 08:41

Unilever to halve CO2 impact

Unilever has announced plans to halve the environmental footprint of its products by 2020, to help 1 billion people improve their health and well-being and to source all of its agricultural raw materials sustainably. 16 Nov 2010 13:17

Public sector spending cuts could significantly affect private sector jobs

LONDON, UK: PwC research finds that industries such as the outsourcing market could help alleviate potential combined public and private sector job losses due to public sector spending cuts and that public sector spending cuts could reduce private sector gross output by around £46 billion (about R500 billion) per annum by 2014/15. 15 Oct 2010 08:14

Unemployment, inflation worries hit consumer confidence

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers. 27 Jan 2011 11:00

SA crude steel production falls 13.7%

South African crude steel production fell 13.7% year on year in November to an estimated 550 000 metric tons, latest figures from the World Steel Association reveal. 6 Jan 2012 07:25

Shared battery technology may up demand for electric cars

The McGill Daily reports that Hydro-Québec, a Montreal-based, government-owned public utility that is responsible for the generation, transmission and distribution of electricity across Quebec, and Technifin, a subsidiary of the South African Council for Scientific and Industrial Research (CSIR), have agreed to share the intellectual property (IP) rights to their respective lithium-based technologies. 2 Nov 2011 07:05

WTC Africa Initiative and Italy join hands in trade

Following a trade agreement reached between the World Trade Center Africa Initiative and Italy, business between Africa and Europe is set to receive a significant boost. The agreement will see business leaders from 12 African countries meet their Italian counterparts in on-site deal rooms next year, at the inaugural Afritalia Commerce Exchange. 12 Oct 2011 13:52

Lenovo, NEC create Japan's largest PC group

TOKYO, JAPAN: Lenovo and NEC Corporation (NEC) have announced a strategic relationship that creates a joint venture between the two companies and forms the largest PC group in Japan. Both companies are also exploring strategic cooperation in other areas. 31 Jan 2011 09:36

Consumer packaged goods trends for 2011

LONDON, UK: Mintel, the global leader in market and consumer intelligence, has predicted the worldwide consumer packaged goods (CPG) trends set to make an impact in 2011. 8 Nov 2010 07:47

Hope for full global economic recovery in 2010 diminishes

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index. 27 Oct 2010 06:22

SA, Qatar strengthen relations

Infrastructure development between South Africa and Qatar is set to intensify in the future. This emerged after a meeting between President Jacob Zuma and Sheikh Hamad bin Khalifa Al-Thani in Doha during a visit by Zuma, who stopped over in Qatar earlier this week while en route to the World Economic Forum, set to take place in Davos. 26 Jan 2012 08:16

Kaspersky Lab announces TAG Heuer partnership

Kaspersky Lab, a leading developer of secure content and threat management solutions, has announced a new collaboration with TAG Heuer, the Swiss luxury watchmaker, which, in cooperation with ModeLabs Manufacture, has launched its first luxury touchscreen smartphone TAG Heuer LINK, operating on Android. 1 Dec 2011 11:54