18 Sep 2012

Government

 

Telkom in the firing line

There are some people who might be forgiven for having a sense of schadenfreude at the news that while Telkom is appealing against the fine it got for uncompetitive behaviour, the Competition Commission is also appealing - for a heftier fine. For years South Africans from all walks of life have bemoaned Telkom's high charges. Organisations need to know that when people reckon they are being ripped off, there can be consequences.

Good news for Denel is that a new agreement strengthens Denel Aerostructures' role in A400M manufacturing. It's hoped that the development will contribute significantly to the financial turnaround of the South African company and confirm its position as a top-tier supplier on the world's most advanced military airlifter.

There's more to climate change than just higher food prices... Robbie Louw writes that recent research, conducted in Cambridge, Massachusetts, links the social unrest that plagued the world during 2008/9 and 2011 to high world food prices. The research linked 28 events of social unrest in 22 countries, in which more than 12,000 people died, to the food price index exceeding a critical level.

In the wake of the Woolies saga, the government has plans to strengthen the employment equity law.

Finally, from a man who himself epitomises French flair and panache, our tame motoring editor, Henrie Geyser reckons that the new Renault Fluence literally oozes French flair.

Rod Baker, content director

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New agreement strengthens Denel Aerostructures' role in A400M manufacturing
Denel and Airbus Military have finalised a new agreement with revised terms for manufacturing aircraft components on the A400M, in a development that will contribute significantly to the financial turnaround of the South African company and confirms its position as a top-tier supplier on the world's most advanced military airlifter. Read more >>

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SA approval for DuPont Pioneer/Pannar Seed deal
DuPont Pioneer‚ one of the world's leading agricultural businesses‚ and Pannar Seed (Pty) Limited‚ a South African-based seed company with operations throughout Africa and other parts of the world‚ on Friday received affirmation of South Africa's approval to implement their agreement for Pioneer to purchase a majority share of Pannar. Read more >>

Gas exploration to stop if threat to Karoo water table, SKA project: Shabangu
According to allAfrica.com, Mineral Resources Minister Susan Shabangu said the government will stop the exploration of shale gas in South Africa's Karoo region if it is found that hydraulic fracturing or "fracking" poses any risk to the water table or to the Square Kilometre Array (SKA) telescope project. She pointed out that the findings of the government's investigation of the environmental and social effects of "fracking" in the Karoo Basin laid down conditions that could lead to the exploration process being halted. Read more >>

Trade conditions lacklustre in August
Trade conditions remained lacklustre in August, the South African Chamber of Commerce and Industry (Sacci) said on Wednesday. Read more >>

Treasury to stop financial transfers to Nala municipality
National Treasury is intending to stop all financial transfers to Nala local municipality in the Free State following its persistent breach of financial management prescripts and alleged mismanagement of public funds. Read more >>

Service delivery response times up
Although government says there's room for improvement in key delivery areas, it has achieved several successes in speeding up police response times, social grants applications, temporary residence permits and the filling of public service vacancies, the Director General of the Department of Performance Monitoring and Evaluation, Sean Phillips, said yesterday. Read more >>

REIT tax proposals restricts foreign property investment
[Peter Dachs and Bernard du Plessis*] The long-awaited Real Estate Investment Trust (REIT) tax proposals have been introduced as part of the recent Draft Taxation Laws Amendment Bill. While the effective date will only be an undetermined future date to be announced by the Minister of Finance, the proposals seek to standardise the tax treatment of Property Unit Trusts (PUT) and Property Loan Stock (PLS) companies. Read more >>

Domestic expenditure accelerates in second quarter
Real gross domestic expenditure accelerated to 4.7% in the second quarter from 4.3% in the first quarter of 2012, said the Reserve Bank. Read more >>

Employment equity law to be strengthened - Oliphant
The Department of Labour intends introducing proposals to strengthen companies' compliance with the Employment Equity Act, said Minister of Labour Mildred Oliphant. Read more >>

Domestic tourism key to local jobs
[Dumisile Masuku] Domestic tourism is key to creating sustainable jobs for locals, says Deputy Tourism Minister Thokozile Xasa. "Domestic tourism has the power to assist the province and the municipality in developing local products and creating local jobs," said Xasa at the launch of Tourism Month in Mpumalanga. Read more >>

SA, Zim finance ministers set to meet
Finance Minister Pravin Gordhan is set to hold a meeting with Zimbabwean Finance Minister Tendai Biti this month, said National Treasury. Read more >>

CEOs urged to do more for women empowerment
Minister of Women, Children and People with Disabilities, Lulu Xingwana, has urged all CEOs to become ambassadors of women empowerment and gender equality in their respective companies and industries. Read more >>

Unpacking Protection of Personal Information Bill (POPI)
[Danie Strachan] Up to now, South Africa has not had comprehensive legislation that governs the protection of personal information and similar data. However, this situation will change when the Protection of Personal Information Bill (POPI) comes into force. Read more >>

The heady mix of information and spin
[Janine Lazarus] It's not every day that you are afforded the opportunity to debate with a government minister live on national radio - especially when the topic under discussion is what works or doesn't work in government communications. Read more >>

A strong brick for SA's development
South Africa's BRICS membership remains crucial for the country's economic development and that of the continent, International Relations and Cooperation Minister Maite Nkoana-Mashabane said today. She defended South Africa's decision to join the economic bloc in 2010. Read more >>

Law Enforcement


SA military could help stem mines unrest
South African police who clashed with striking workers at Lonmin's Marikana platinum mine said the military could be roped in to help quell the mining unrest if the situation degenerates. Read more >>

Latest issue of Amandla! covers Marikana massacre
The latest illustrated bumper double issue of Amandla! magazine not only focuses on the Marikana massacre itself but examines the nature and impact of the mining industry. It exposes how new politically connected elites, not least those linked to President Zuma, are using their political clout to take advantage of South Africa's mineral led industrialisation strategy to secure mining licenses, often as junior partners to the big producers. Read more >>


Company news

Administration


Copper cable theft in the Western Cape to be discussed at key industry forum - IIR
The introduction of the new Second Hand Goods Act is one of the most significant developments taking place in the fight against copper cable theft. This is according to Bernard Maguire, Executive Member of the Metals Recycling Association and Sidney Arnold, General Manager Network Operations at MTN. Read more >>


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