4 Sep 2012

Finance, Accounting & Banking

 

The SKA's the limit for SA

The Square Kilometre Array Radio Telescope (SKA) and its precursor, the MeerKAT, will create enormous opportunities and alter the image of South Africa and the continent. So says Science and Technology Minister Naledi Pandor.

On the taxing issue of finance, Finance Minister Pravin Gordhan is taking urgent steps against what he calls "significant tax avoidance schemes" in connection with the new dividends tax.

It's not surprising that companies are doing this - the dividends tax, which came into effect on 1 April this year at 15%, has pushed company tax in SA above an international norm of around 30%.

While the armed forces are not democracies and orders have to be obeyed, not debated, there's discipline... and then there's discipline - and when soldiers die or commit suicide, it's no wonder SANDF discipline is in spotlight. This comes after a woman soldier apparently committed suicide after her commanding officer allegedly humiliated her.

Finally, for you petrol heads out there, our own little cookie, Henrie Geyser reckons the new Chinese offering from Great Wall Motors, the C10 has promising fortune cookies. He likes the neat little hatch from the land of noodles and Mao's Little Red Book.

Rod Baker, content director

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Finance, Accounting & Banking


GIBS gives hints to finance MBA studies
Deciding to embark on the Master of Business Administration (MBA) journey is a decision not to be taken lightly. Not only is it a rigorous process from application to graduation, but it also requires serious financial commitment. Read more >>

Gordhan highlights role of economic institutions
JOHANNESBURG: Nations fail because they don't have inclusive political and economic institutions, Finance Minister Pravin Gordhan said on Thursday, 30 August 2012. Read more >>

GDP rises by 3.2% in second quarter
PRETORIA: South Africa's real gross domestic product at market prices increased by 3.2% in the second quarter of 2012, up from 2.7% in the first quarter, Statistics South Africa (Stats SA) said on Tuesday, 28 August 2012. Read more >>

Insurance


Confidentiality of medical records - know what's lawful
Information about a person's health and health care is generally considered to be highly sensitive and personal, therefore deserving of the strongest protection under the law. This is according to Simone Gill, director in the Technology, Media and Telecommunications (TMT) practice at Cliffe Dekker Hofmeyr business law firm. Read more >>

Banking


First secure web-based portal for African ATM market
Spark ATM Systems, one of South Africa's premier independent ATM deployers has launched SparkWeb, an innovative secure web-based portal that allows ATM merchants to access their ATM's mission critical data remotely and in real-time. It is claimed to be the first secure web-based portal for the African ATM market. Read more >>

Women are increasingly adopting digital banking tools - Absa
The latest analysis of customer behaviour by Absa Bank's digital banking unit has indicated that the gender gap on adopting digital banking tools has narrowed slightly. This reveals an optimistic outlook for the economic development of women. Read more >>

Finance, Accounting and Banking


Stokvels - a hidden economy
Unpacking the potential of South African traditional saving schemes... Stokvels have long been a safety net for millions of South Africans, providing financial security and social well being. This is one of the presentations from the 33rd SAMRA Conference, Rosebank Crowne Plaza, Johannesburg. The conference took place from 16-17 August. Read more >>

Investment Management


Investors should adjust strategy to adapt to environment - acsis
The current economic environment and volatile markets have left South African investors confused as to where and what to invest in. Over the last ten years the world has changed fundamentally and areas where local investors used to invest are no longer providing them with the same returns. Read more >>

Mines


Zuma fails to convince investors that labour unrest is under control
President Jacob Zuma is failing to convince investors that the worst mine violence since the fall of apartheid is under control, Mineweb reports. Read more >>

Taxation


Gordhan takes urgent steps against div tax schemes
[Evan Pickworth] Finance Minister Pravin Gordhan on Friday invoked his right to take urgent steps against what he termed "significant tax avoidance schemes" in connection with the new dividends tax. Read more >>


International
Bad Credit score: Don't feel stress, wake up to increase
[Saurav Sharma] IRVINE, US: A bad credit score may not be a good thing but one should not be too upset or feel stressed about it. There are tons of ways for you to give your credit a quick boost or to improve it. Do not forget to check your credit reports as well because all of your actions will go into it and this will become the basis for your credit score. Read more >>

More International...


Government
Gauteng accelerates spending to meet service delivery obligations
The Gauteng Provincial Government departments have spent R18bn in the first quarter of 2012, the provincial treasury said in its Revenue, Expenditure and Cash Flow Report. "This expenditure amounts to approximately 26% of the 2012/2013 provincial budget of R69.3bn," it said on Monday, adding that R6bn had been spent in the month of June alone. Read more >>

More Government news...


People on the move
  • Mergence appoints Patric Ho and Imtiaz Ahmed - more info
  • Foord Compass Limited appoints Darron West - more info


Jobs offered
Trainee Developer - Southern Suburbs - Cape
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Business Analyst - Southern Suburbs - Cape
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Copywriter - Southern Suburbs - Cape
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