24 Jul 2012

Finance, Accounting & Banking

 



Calling the ladies

According to the Business Women's Association (BWA) 2012 Women in Leadership Census, women make up 43.9% of the workforce but constitute only 17.1% of all directors. Hence, the BWA reckons that more women are needed at board level.

While on the media front, the High court in Pretoria has ruled that the Glynnis Breytenbach disciplinary must be open to the media - and that's good news for transparency.

"It is of the utmost importance that the media has access to this disciplinary hearing...‚" Judge Ronel Tolmay ruled.

Meanwhile, down in the Western Cape, Premier Helen Zille says the province is helping to capacitate municipalities. That makes great sense, because that's where service delivery literally hits the ground - and in far too many cases around the country, virtually stops dead in its tracks.

And finally, another one for you petrol heads out there, our man with the eyes of an eagle, the speed of a swift, Henrie Geyser, reckons the new Chinese MG won't ruffle any feathers. He reckons it's a bit bland... nothing like him, then - though we all know he's anything but bland new.

Rod Baker, content director

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Finance, Accounting & Banking


FNB property survey indicates improvement in confidence
The picture for the second quarter of 2012 given by the FNB Estate Agent Survey for the City of Cape Town is one of further improvement in confidence in the region's residential property market. However, the survey may be hinting at seller optimism, keeping prices unrealistically high. Read more >>

Banking sector goes digital with online event
[Carole Kimutai: @CaroleKimutai] The newly rebranded industry body Kenya Bankers Association (KBA) has turned to social media in a strategy aimed at creating a platform where members of the public can engage senior executives in the banking sector. The online event is part of a wider plan by the industry umbrella body to engage stakeholders and increase awareness and knowledge about the banking industry. Read more >>

Banking


Absa appoints new head of marketing for Africa
Absa has appointed Sizakele Marutlulle as head of marketing for Africa, with overall responsibility for all Absa and Barclays Africa brand and marketing functions. Prior to her new role, Marutlulle was CEO of advertising agency, Grey SA. Read more >>

Stay on track to a secure retirement: preserve your savings
[Nick Battersby] It is estimated that a mere 6% of South Africans are able to retire financially independent. So as a key driver to funding a secure retirement, the preservation of accumulated retirement savings is critically important. Read more >>

Community Services


Edu-Care Foundation receives mobile library from Konica Minolta
The Edu-Care Foundation, a non-profit organisation that assists children in the foundation phase to improve their reading ability, has been entrusted with a mobile library that will provide children who do not have access to books in their schools and communities with the opportunity to improve their literacy skills. The fully kitted out Mercedes-Benz Sprinter has been converted into a mobile library by Konica Minolta South Africa. Read more >>

Finance, Accounting and Banking


Province helping to capacitate municipalities - Zille
The Western Cape has put in place various programmes to assist municipalities to improve their performance, the province's Premier Helen Zille said on Monday. Read more >>

Inflation drops to 5,5% - inside target range
According to a Business Day report, inflation dropped to 5,5% year-on-year last month, marking the second drop in a row and reaching its lowest level since August last year according to figures released by Statistics South Africa. Read more >>

FPI appoints head of Technical and Advocacy Services
The Technical Services manager of the Financial Planning Institute of Southern Africa (FPI), Almo Lubowski has been promoted to head of Technical and Advocacy Services effective as of 16 July 2012. Read more >>

Sales network helps women to achieve financial independence
A study, led by professor Linda Scott and Dr. Catherine Dolan of the Saïd Business School at the University of Oxford, shows that South African women working for the Avon sales network is helping impoverished black women achieve economic autonomy. Read more >>

French want to tax Google, Facebook and Amazon
The French government has launched a study that could increase taxes on Internet-based companies - including Google, Apple, Facebook and Amazon - that sell large volumes of products in France without paying much in taxes. Read more >>

Financial Services


Trintech streamlines financial processes - Barnstone
For many companies, moving to the shared services model is an important first step in streamlining financial processes, reducing costs, gaining transparency and eliminating human error. But in order to complete the journey and achieve competitive advantage in today's world, many need to realise still more value from their finance and accounting shared services centres. Read more >>

Investment Banking


Macroeconomic impediments crippling South African businesses
Quarterly research highlights real hindrances to business growth are poor government service delivery, political uncertainty and crime. Read more >>

Venture Capital


State shuns money from abroad for Telkom
Communications Minister Dina Pule says Telkom does not need foreign direct investment to achieve its turnaround strategy - all it requires are skills and competency‚ Business Day reported yesterday. Read more >>


International
Informa analyst comments on Nokia's 2Q12 results
LONDON, UK: Julian Jest, research analyst for handsets and devices at Informa Telecoms & Media comments on Nokia's 2Q12 financial results. Read more >>

More International...


Government
Denel profit falls to R41m from R110m
[Hopewell Radebe] State-owned defence company Denel has posted a modest profit of R41m in the financial year ending March 2012‚ which was significantly lower than the R110m profit posted last year‚ group CEO Riaz Saloojee said on Thursday. Read more >>

Repo rate cut welcomed
The Reserve Bank's Monetary Policy Committee's decision to slash the repo rate by 50 basis points down to 5% has been welcomed. Governor Gill Marcus announced the decision on Thursday. Read more >>

China proposes priority areas to boost Africa ties
Speaking at the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation, Hu said in the next three years, his government will take measures in five priority areas to support the cause of peace and development in Africa and boost a new type of China-Africa strategic partnership. Read more >>

More Government news...


New accounts
  • HMC Seswa to handle the marketing and communication for Xpert Decision System (XDS) - more info


Jobs offered
Assistant Financial Accountant - Cape Town
Looking for experienced and University qualified Assistant Financial Accountant Read more >>

Senior Accountant - Johannesburg - Rivonia
Read more >>

Financial Manager - Meropa Casino and Entertainmen
Read more >>


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