26 Jun 2012

Finance, Accounting & Banking

 



Hotel plan irks conservationists

Apparently the powers-that-be running the Kruger National Park are concerned that 'black diamonds' won't stay in KNP lodges. So the plan is to build a luxury upmarket hotel in the park. That's got conservationists up in arms. They want the park to retain its "natural" feel. A great many people will probably agree with them.

Thinking of buying a home in a "boomed" community? Don't part with your money quite yet... Dr. Willie van der Merwe, owner of the RealNet WaterMeyer franchise in the east of Pretoria, reckons that booms 'may not deliver all they promise'. "Crime," he says, "is actually sometimes more prevalent in closed suburbs and boomed estates than in open suburbs with other security measures such as community patrols and observant residents in place."

Here's PoPI... The Protection of Personal Information (PoPI) Bill is designed to force companies to protect personal information. That means companies that collect individuals' personal information - medical schemes, banks and so on - had better be very aware of the provisions of the bill; not doing so is a criminal offence and directors could face hefty fines or even imprisonment.

Taxes upon taxes, upon taxes... Some people - not us, of course - believe that it won't be long before our tax returns will be simplicity itself: "How much money have you got left?" "Send it." Seriously, however, there's a new tax law looming and it is set to have serious and significant ramifications for taxpayers.

Finally, no shrinking violet himself when it comes to fangs and claws, Henrie Geyser, our cocky, confident but not-so-compact motoring editor reckons that the new Suzuki Swift Sport is a natty little fun drive.

Rod Baker, content director

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Finance, Accounting & Banking


Finding payment solutions to suit Africa
Online payment solutions company PayU, is faced with the complicated challenge of extending their business in an environment not traditionally associated with online shopping. Credit card penetration in sub-Saharan Africa might be low, but various regional studies point to an increased level of "e-readiness". Read more >>

Denel takes top honours at awards ceremony
Denel took top honours in two categories in an annual survey to recognise excellence in corporate reporting for state-owned companies (SOCs). The company achieved the top position in good corporate governance reporting in two areas, namely ethical leadership and corporate citizenship; and boards, directors and remuneration, including the independence and quality of reporting. Read more >>

FPI announces winner of financial planner of the year
Jan-Carel Botha has been selected as the Financial Planner Of the Year 2012 by The Financial Planning Institute (FPI). Botha is a certified financial planner at Ultima Financial Planners. Read more >>

Banking


Bank fees highest in 27 countries surveyed
Fees charged at automated teller machines (ATMs) in South Africa are higher than those in 27 other countries according to a report from Accenture that is published in Business Day and Fin24. Read more >>

Finance, Accounting and Banking


SA to invest US$2bn in IMF
South Africa has committed to invest US$2bn of its reserves to the International Monetary Fund's firewall fund, the Presidency said on Tuesday. Read more >>

Financial Services


Driverless cars will affect insurance industry - MUA
The launch of a driverless vehicle has so far proven a success, with the vehicles having clocked up 200 000 kilometres in the US. While it may be some time before the technology reaches South Africa, it is likely to have far-reaching consequences for the insurance industry, if it does become commercialised. Read more >>

Lion of Africa Insurance awarded with A-rating
Standard and Poor's (S&P) Rating Services has awarded the short-term insurer, Lion of Africa Insurance an A national scale rating. Read more >>

Investment Management


Sharemax charged with contravening Banks Act
Business Report says that the registrar of banks has lodged a criminal complaint against Sharemax Investments and 33 property syndication schemes it promoted for alleged contraventions of the Banks Act. Read more >>

Taxation


Shopping-bag levy 'still a general tax'
[Sue Blaine] The R35m the government receives each year through a levy on plastic shopping bags is still not allocated to encouraging recycling or to job creation, nor is it likely to do so this year. Read more >>

Gambling tax could squeeze casinos: PwC
[Zeenat Moorad] Proposed amendments to SA's income tax laws could see a squeeze in profit margins for the casino and gaming industry and may prove to be a costly exercise‚ PwC warned on Monday. Read more >>


International
comScore's 2012 US Online Auto Insurance Shopping Report
RESTON, US: comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, has released its 2012 Online Auto Insurance Shopping Report, which provides a detailed analysis of overall industry trends in 2011 and the attitudes and intentions of consumers shopping for auto insurance online. In addition, the study reports on the volume of online quote requests and highlights customer preferences on purchasing channels and key factors driving the decision-making process for shoppers. Read more >>

Doing business in Russia 2012
MOSCOW, RUSSIA: Doing Business in Russia 2012 is the second report in a series analysing four areas of business regulation across 30 Russian cities - starting a business, dealing with construction permits, getting electricity, and registering property. Read more >>

Small business gets an official day
NEW YORK, US: In 2010, American Express created Small Business Saturday, a new shopping day right after Black Friday, to help small businesses get what they needed most: more customers. Read more >>

Australia's Rinehart warned not to 'trash' Fairfax
SYDNEY, AUSTRALIA: The world's richest woman was warned yesterday not to compromise troubled Fairfax Media's independence as speculation mounted that News Limited would follow its rival and announce huge job cuts. Read more >>

More International...


Government
Lufthansa, BA, SAA fighting gravity
The chiefs of Deutsche Lufthansa and British Airways have different views on the path the SA government should take with SA Airways (SAA). Read more >>

Treasury developing paper on retirement costs
National Treasury said on Tuesday it was developing an important paper on costs in the retirement industry for release in October as the layered system of charges and its cumulative impact remained a major concern. Read more >>

Presidency clarifies US$2bn IMF commitment
The Presidency on Wednesday moved to correct misconceptions about South Africa's US$2 billion commitment to the International Monetary Fund's firewall fund. Read more >>

Telkom share price up on delisting claims
[Thabiso Mochiko] Telkom's share price rose on Tuesday on news that the government may buy the shares in the fixed-line telecommunications provider that it does not already own and delist the company. Read more >>

Treasury berates short-term insurance sector
[Colleen Goko and Phakamisa Ndzamela] The Treasury has launched a scathing attack on the short-term insurance sector, charging that some of its practices smack of poor market conduct. Read more >>

More Government news...


Jobs offered
Group Communications Head - Cape Town
Group communications head: Cape Town. R900K - R1mil CTC. Implementation of external and internal communication strategies. Degree plus experience in financial services essential. Read more >>


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