15 May 2012

Finance, Accounting & Banking

 

Employers, employees, and social media

According to Johan Botes, director in the employment practice at Cliffe Dekker Hofmeyr business law firm, an employer may be able to fire an employee who has slagged off the company, or an individual or two, on some social media platform. However, employers might be on shaky ground if they demand from an employee, or an applicant for employment, their personal, private usernames and passwords.

So, employers need to be aware that legislation protects employees against social media prying, and issues in that area need to be handled with great care.

Back in 2010, the DA awarded a tender to advertising agency TBWA/Hunt Lascaris to centralise communications. Questions were raised about the deal, and now Theunis Botha, leader of the Christian Democratic party, says Western Cape premier Helen Zille must resign after the Public Protector Thuli Madonsela found the tender award to be provisionally invalid.

In a boost for manufacturing, Trade and Industry Minister Rob Davies will today be launching a R5.8bn manufacturing competitiveness enhancement program (MCEP). The program is aimed at addressing the South African manufacturing industry's ability to compete against imports and against its competitors for other export markets.

Here are two trick questions for you: What have the BRICS members got in common? Answer: coastlines. Which is the odd man out? Answer: us - because we're the only member of BRICS that does not have a merchant fleet.

In fact, we don't even have a single ship... not one... to carry our imports and exports - and it's costing this country billions every year to use foreign-owned ships to carry goods to and from SA.

Henrie Geyser, our Obelix in the driver's seat, unleashes his inner Frenchman and waxes romantic over the new Citroën DS5, which he reckons might have a little German influence and is the kind of car that demands a second look. And a third.

Rod Baker, content director

Submit your company news to financenews@bizcommunity.com. Exclusive contributions may be sent to contributors-finance@bizcommunity.com.

Top stories


Editorial news

Finance, Accounting & Banking


Teens to take control of their moolah
[Ray Maota] Spending time at the movies with friends is an activity that's generally enjoyed by young people all over. Last Sunday, 13 May, 15 000 high school pupils from all over South Africa visited the movies, not only for pleasure, but also to learn vital lessons for their future financial wellbeing. Read more >>

ABSA plans to partner with SA Cities Network to manage finances
As a significant banker across all three tiers of government, Absa is in the final stages of establishing a partnership with an important inter-governmental relations platform - the South African Cities Network. Read more >>

Banking


100m newly 'banked' people: What mobile money has done in a decade
It's pretty much accepted wisdom that Africa has been at the forefront of mobile payment tech for a while now. But how many of you knew that the first mobile financial service in an emerging market went live 10 years ago in Africa? Read more >>

Finance, Accounting and Banking


Sanral could sacrifice projects to meet debts
[Linda Ensor and Natasha Marrian] The South African National Roads Agency (Sanral) will meet its financial obligations for the next six months, but only by making "huge sacrifices" and jettisoning projects, the Treasury warns. Read more >>

Investment Banking


Davies to launch R5.8bn boost for manufacturing
A R5.8bn manufacturing competitiveness enhancement program (MCEP) would be launched later this week, Trade and Industry Minister Rob Davies said in a statement on Sunday. Read more >>

Taxation


SA won't implement mining super tax - Shabangu
CAPE TOWN: South Africa will not follow Australia in implementing a mining super tax, Mineral Resources Minister Susan Shabangu said on Thursday, 10 May 2012. Read more >>

Treasury, SARS studying judgement on taxation of capital gains
PRETORIA: The South African Revenue Service and National Treasury have lost an appeal against a Tax Court judgement on taxation of capital gains with both parties studying the decision. Read more >>

SARS turns spotlight on tax evasion
PRETORIA: The South African Revenue Service (SARS) says it is tightening the screws on enterprises that are using increasingly sophisticated financial schemes to evade tax obligations. Read more >>


Government
Sanral needs support: Transport Dept
The SA National Roads Agency Limited (Sanral) board needs space and support after the resignation of its CEO Nazir Alli, the transport department said on Thursday. Read more >>

More Government news...


Jobs offered
Software Developer - Southern Suburbs (Cape)
Read more >>


Click here to customise your jobs section


All industry news

Marketing & Media


Medical


Retail


Government


Mining


CSI & Sustainability


Agriculture, Horticulture & Forestry


Arts & Entertainment


Building & Construction


Environment & Conservation


Human Resources & Recruitment


Legal


Manufacturing


Property & Real Estate


Security & Law Enforcement


Education & Training


Tourism, Travel & Hospitality


IT & Telecommunications


Fishing & Maritime


Logistics


Science & Technology


Health & Beauty


Lifestyle


Automotive



Print - Print any item in this newsletter.
Email - Email any item in this newsletter.
Comment - Comment on any item in this newsletter.


Today's weather

Cpt

23°C
13°C
Jhb

20°C
11°C
PE

18°C
12°C
Dur

23°C
18°C
Bloem

19°C
6°C

Click here to customise weather


New people on biz

Grace Moloi
studying bcom accounting at north west university,currently doing my second year
Lester April
Procurement Officer at UCT
Stuat Smart
Recent Finance Graduate
Sabelo Qupe
Portfolio and Financial Manager at Ingwenya group
Jerry Thomoli
identity

Portals

  • Marketing & Media | South Africa
  • Marketing & Media | Africa
  • Agriculture, Horticulture & Forestry
  • Arts & Entertainment
  • Automotive
  • Environment & Conservation
  • Finance, Accounting & Banking
  • Fishing & Maritime
  • Government
  • Health & Beauty
  • Human Resources & Recruitment
  • IT & Telecommunications
  • Legal
  • Lifestyle
  • Logistics
  • Manufacturing
  • Medical
  • Retail
  • Science & Technology
  • Tourism, Travel & Hospitality


  • Follow us

    PRESS RELEASES: Distribute your news professionally to Finance, Accounting & Banking subscribers and website readers. Press office info.

    EDITORIAL: We welcome your news, views or discussion topics: please send these to financenews@bizcommunity.com

    ADVERTISING: We welcome your sales enquiries: sales@bizcommunity.com, Advertising rates.
    Cape Town: (021) 680 3500, 24 On Main, Main Street, Rosebank, Cape Town, 7700, South Africa
    Johannesburg: (011) 612 3003, Sutton Square, The Business Centre, 8 Gemsbok Rd, cnr 12th Ave, Rivonia, Gauteng

    Invite your friends, colleagues, suppliers, customers and partners to subscribe.


    Copyright © 2012 Bizcommunity.com. All rights reserved. Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein.
    Unsubscribe, Manage subscriptions. Subscribe. Change email address. Change frequency to DAILY.