28 Aug 2012

Finance, Accounting & Banking

 



Bizcommunity launches new newsletters

We've launched five new newsletters, to bring you the latest news in your sector of interest - or even sectors of interest. The five new letters are CSI, Sport, Mining, Military & Security, and Building & Construction.

For example, in CSI, there's still time to enter the rhino conservation mountain bike race and help raise awareness and boost the protection of one of our most iconic animals.

And on the military front, the SA Army is battling to cope fulfilling its various commitments... obsolete equipment hampers operations when our troops on peace-keeping operations go up against heavily armed rebel armies.

When does negotiation cease being negotiation and become war and anarchy? Paddy Hartdegen reckons what happened at Lonmin shows what happens when the boundaries are crossed.

He was the first man on the moon, but now Neil Armstrong, US astronaut has died at the age of 82.

Closer to the earth, but still in the air, 1Time has got a business rescue. That's good news, the more competition there is, anywhere in commerce and industry, the better it is for us, the consumer.

Finally, Jimmy Manyi is no longer the government and cabinet spokesperson. His contract has not been renewed. Not everyone might agree wholeheartedly with the official line on how Manyi performed in his role, however.

Rod Baker, content director

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

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Finance, Accounting & Banking


Absa partners with Mr Price in e-commerce deal
Absa has announced a partnership with fashion retailer, Mr Price that will extend the bank's online payment services to the retailer's customer base. Applicable to all Mr Price customers, this will provide a secure payment facility when shopping for Mr Price apparel online. Read more >>

Paying bribes in Africa is not worth the risk
Contrary to popular perceptions that African countries aren't really geared towards prosecuting corruption, the reality is the exact opposite, according to advocate and contractor to the Ethics Institute of South Africa, Dr. Janette Minnaar-van Veijeren. She was a guest speaker at the recent Compliance Institute Southern Africa's 13th Annual Conference. Read more >>

Apple is now most valuable company in history
Apple on Monday dethroned longtime rival Microsoft as the most valuable company in history based on the value of its stock, which climbed to around $622-billion. Read more >>

Insurance


AIM Solutions launches product to cover temporary incapacity
A short term insurance product that provides employee income insurance for temporary incapacity for a period of 12 months, has been launched by Advanced Incapacity Management Solutions (AIM Solutions). The product, underwritten by Lion of Africa Insurance, differs from other insurance products in that it has been designed to manage claims rather than increase premiums. Read more >>

Accounting and Auditing


SIU approached to look into Free State housing
The Special Investigations Unit (SIU) has been approached to conduct investigations into the problematic area of housing delivery in the Free State. Read more >>

New guide for small businesses
A new guide has been developed to help small and medium businesses prepare financial statements, the SA Institute of Chartered Accountants (Saica) said on Monday. Read more >>

Banking


Basel 3 will put extra strains on banks
South African banking clients could bear the brunt of greater costs if further stringent Basel 3 capital requirements are implemented over the next few years. Read more >>

FNB launches cross border service in Southern Africa
[Gaongalelwe Moatshe] One of the "Big Four" South African bank, FNB, launches a border payments to Swaziland and Lesotho via cellphone using its Pay2Cell service. Read more >>

Uganda names Top 50 Brands
[Walter Wafula] As one of activities to commemorate Uganda gaining independence from the British in 1962, the Private Sector Foundation Uganda has identified and honoured its Top 50 Brands of the last five decades. Read more >>

Finance, Accounting and Banking


Consumer credit health deteriorating
TransUnion, a global leader in credit and information management, has released its report on the South African consumer credit health, which shows deterioration for the third quarter of 2012. Read more >>

Financial Services


Bar sales, fast food purchases up this year
The total income generated by the food and beverages industry increased by 10,8% in June 2012 compared with June last year‚ Statistics SA's food and beverages survey‚ released on Monday‚ showed. Read more >>

Investment Management


Foschini stock tumbles as retailers take a hit
[Annaleigh Vallie and Andries Mahlangu] Retailers experienced their biggest one-day fall on the JSE in almost a year on Friday, on negative sentiment towards SA following the deadly labour dispute at Marikana, one of the country's biggest platinum mines. Read more >>

Buildmax plans R28.8m share repurchase deal
Buildmax (BDM) advised on Wednesday it has entered into an agreement to purchase 95 million of its own ordinary issued shares from Interactive Capital‚ 44.245 million shares from Westbrooke Investments and 53.255 million shares from Westbrooke Special Opportunities at 15 cents per share‚ amounting to R28.875 million. Read more >>


Government
Technical mission to India to help SMMEs
Trade and Industry Deputy Minister Elizabeth Thabethe is leading a technical mission to India to observe progress made by the Indian government on the development of Small Medium and Micro Enterprises (SMME). Read more >>

More Government news...


Jobs offered
Creditors Clerk - Johannesburg - Sandton
Read more >>


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New people on biz

Jesse Robertson
Fast Money
Micah Ogberhie
Research Consultant at Deutsche Bank Lagos Office
Venkateswara Rao Sriram
DEPUTY MANAGER FINANCE at CHAKIAT AGENCIES PVT LTD
Phillipa Mhike
Financial Advisor
phelelani ngcece
customer service clerk at absa bank

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