25 Sep 2012

Finance, Banking & Insurance

 

We are marching in Pretoria

It's that bill again, and since the ANC caucus in parliament has called for an end to debate and for the contentious bill to be voted through in its present form, R2K is to march in Pretoria on International Right to Know Day - 28 September 2012. The opposition to this bill will continue as long as government stonewalls on key amendments.

On the crime front, according to the latest stats, KZN has recorded the largest drop in murder cases. That's scant comfort for the families and friends of murder victims. Gauteng, however, although recording some of the biggest decreases in key crimes, still tops the list as the most crime-ridden province.

Here's some sweet news for you... According to this report, if SA adopts new technology that Brazil has been using, technology 'can double sugar cane yields' in this country.

Get your wallet out... It looks like e-tolling could be here to stay, and that concerns the Opposition to Urban Tolling Association (OUTA). One of its main concerns is that the voices of Gauteng motorists, who will have to pay to use the roads, were not heard in the Constitutional Court. E-tolling is almost certain to have an impact on inflation: every company operating in Gauteng, or with employees in Gauteng, or having dealings with any company that operates there or has vehicles passing through there, will face increased costs. And you know they will have to pass them on.

So don't think you're home free because you happen to live in any of the other provinces. You'll also be paying.

Rod Baker, content director

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Finance, Banking & Insurance


Unrest in mining sector impacts on SA's credit rating
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The SA economy faces challenges, but liquidations are down
[Saijil Singh] South Africa's projected GDP growth remains at 2.9 percent for 2012.However, this growth may not be sustainable because of the recent strike actions, especially in the mining industry. Read more >>

The Receiver becomes a giver?
[Richard Marcus] When the legislators of antiquity drafted the Insolvency Act, No 24 of 1936, in their wisdom they decided to give the Receiver of Revenue a preference on insolvency. The quaint view at the time - and it remains so - is that the fiscus needs money more than people who give business credit. Read more >>

New FIA Watchdog facility will combat fraud
In an effort to combat fraudulent activities or practices that do not comply with the requirements of the Financial Advisory and Intermediary Services (FAIS) Act and negatively impact consumers, financial intermediaries and the broader industry as a whole, the Financial Intermediaries Association of Southern Africa (FIA) has launched a new initiative to enable any member of the public to report matters of concern in relation to any financial services product or services provider, financial advisor or institutions. Read more >>

FPI appoints Prem Govender as new chairperson
Prem Govender has been appointed as the new chairperson of the Financial Planning Institute of Southern Africa (FPI). This decision was taken during a recent board of directors meeting. At the same meeting the appointment of Sankie Morata as chairperson-elect of the Institute has been re-confirmed. Read more >>

ZunguZ cloud platform offers free online transactions
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Accounting and Auditing


Chartered accountants concerned about governance levels in SA
Chartered accountants (CAs) in South Africa have grown increasingly confident in the last few months regarding the levels of ethics being practiced in their profession. However, this improvement hasn't translated into their view of the wider economy with most voicing their concern over the levels of governance being applied in the country, according to a survey conducted by PPS. Read more >>

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Credit Services


Fear of missing out can lead to financial instability
Impulsive actions and habits ultimately can seriously affect consumers' wallets and, according to Henry van Deventer, head of business development at acsis, unfortunately the majority of South Africans are guilty of caving into this impulse without giving a second thought to the financial consequences of these actions. Read more >>

Finance, Accounting and Banking


Repo rate remains unchanged at 5%
The Monetary Policy Committee has kept the repo rate unchanged at 5% in line with market expectation, Reserve Bank Governor Gill Marcus said on Thursday. Read more >>

SA's Aids funding safe for now
Deputy President Kgalema Motlanthe reiterated on Tuesday that South Africa would continue to receive uninterrupted funding from the United States Government for Aids relief programmes, for the time being. Read more >>

Financial Services


'Poor education, spatial development hold back Africa'
Poor education outcomes and distorted spatial development patterns stood in the way of tackling inequality and poverty in SA, National Planning Minister Trevor Manuel said. Read more >>

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MYMONEY123 aims to improve personal financial planning
The consumer debt report, compiled by debt counselling agency Credit Matters, said more than 8.9 million people are trapped in a debt nightmare. Debt counsellors estimated that more than 50% of consumers may only rid themselves of their financial woes in about 20 years - such is the personal debt load currently. Read more >>

Taxation


Anti-toll group concerned over court decision
The Opposition to Urban Tolling Association (OUTA) has expressed concern that the voices of Gauteng road users were not heard in the Constitutional Court yesterday. Read more >>

Tax incentives, exemptions to be discussed
Tax incentives, exemptions and efforts to harmonise tax policy will form part of discussions at a meeting of the African Tax Administration Forum (ATAF) next week, said the South African Revenue Service (SARS). Read more >>

MEC calls for tax relief for SMMEs
KwaZulu-Natal MEC for Economic Development and Tourism Mike Mabuyakhulu says emerging Small Medium Micro Enterprises (SMMEs) should be afforded tax breaks to establish themselves and find their feet before being taxed. Read more >>


Company news

Finance, Banking & Insurance


Do you agree that you are the right person to steer your business to success? - Terrapinn Limited
As a financial leader, there's no reason to delay in ensuring your company has the right elementary finance and accounting tools in place. Can you say that your company is set up for success? Read more >>

Finance, Accounting and Banking


Our jobs portal - value for your money - Bizcommunity
Since the very beginning, back in 2001, we at Bizcommunity.com have put you, our customers, clients and readers, first. And that is nowhere less true than in having industry jobs available on the site. Read more >>

Financial Services


How to become a strong financial leader - Terrapinn Limited
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Jobs offered
Accountant: Financial Planning and Budgeting - Stellenbosch
Stellenbosch University invites applications for an accountant: financial planning and budgeting to commence duties on 1 November 2012 or as soon as possible thereafter. Read more >>

Driver - Johannesburg
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