2 Oct 2012

Finance, Banking & Insurance

 

ANC needs a brand makeover

Thabani Khumalo says there are times in the life cycle of any brand when it needs to be refreshed, restructured, revitalised, rejuvenated, re-worked, repositioned and even re-launched to take it to a different level. That's why he reckons brand ANC needs to be re-charged.

Getting mobile, we are assured that Alan Knott-Craig does not have "daddy" issues. Nor does he want to be remembered as a king of sexed-up adverts.

Agriculture is a crucial pillar of the South African economy and a significant earner of foreign exchange, and it seems in the area of exports, SA fruit is crucial for development. That is what growers are telling UK shoppers, and according to Fresh Fruit Portal, South Africa's deciduous fruit producers hope to increase SA fruit consumption in the UK in 2013 with a marketing campaign illustrating the industry's positive contribution to job creation and sustainable practices in the country.

Finally, in another crucial area of the economy, auto leasing and finance organisations are to diversify into new markets and services. According to a KPMG report, the finance and lease businesses of automotive original equipment manufacturers (OEMs) would stand to benefit by adjusting their operating models to meet the changing global conditions.

Rod Baker, content director

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Finance, Banking & Insurance


Municipalities to look at the road to financial competence
The handling of municipal finance will come under scrutiny when over 1 500 municipal finance officials, among them mayors, councillors, managers, financial officers and academics meet for three days at the Institute of Municipal Finance Officers' (IMFO) annual conference with the theme, The Road to Financial Competence. Read more >>

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Capitec Bank joins Rocking the Daisies with SwapShop
With just over a week before Rocking the Daisies 2012, festival-goers can expect a twist this year with the launch of the Capitec Bank SwapShop. From 5 October (12pm to 8pm) and 6 October (between 10am and 8pm), guests can visit Capitec Bank's SwapShop at the Green Village to score some cool festival stuff from the bands and other festival-goers. Read more >>

Dow Jones Sustainability Index shows Anglo is the best in industry
Anglo American has been recognised for the tenth year for its excellence in sustainability by the Dow Jones Sustainability Index, achieving the highest score in the mining industry. Read more >>

Insurance


MMI's prospects keep getting stronger
When Metropolitan and Momentum merged to form MMI, the merged companies were barred from retrenching staff for the first two years. Read more >>

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ACE appoints Mabuza as non-executive director
ACE Insurance has announced the appointment of one of the country's top business people, Jabulane Mabuza, to its board as a non-executive director. Read more >>

Senior management changes as MUA restructures
Following the recent decision to centralise its claims and underwriting functions in Cape Town in order to operate more effectively from one centralised location, MUA Insurance Acceptances (MUA) has announced changes to its senior management in line with its new organisational structure. Read more >>

Accounting & Auditing


Merger makes SekelaXabiso one of biggest accounting firms
The merger of Sekela Consulting and Xabiso Chartered Accountants to form SekelaXabiso has brought into being one of the country's largest accounting and auditing firms - one that has defined its goal as furthering good governance through providing best-practice internal audit services, external audit, forensic services and business consulting. Read more >>

Banking


Banks need to focus on advising customers
Auditing firm PricewaterhouseCoopers (PwC) says banks had to be customer-centric and not just dole out money to clients if they wanted to maintain solid growth in the future. Read more >>

Absa loses three more managers
Absa has lost three more top managers in the latest round of resignations. Read more >>

SA consumers are increasingly moving banks
Despite being dissatisfied with their banks' service offering most local consumers choose not to switch to another bank, due to the perceived administrative headache. With the difficulty of trying to secure finance many individuals find themselves in a challenging position but despite this, South African customer attrition has begun to show signs of increasing. Read more >>

Business journos challenged to be relevant
[Gregory Gondwe: @Kalipochi] The National Bank of Malawi (NBM) has challenged Malawi's business journalists to be relevant as Malawi is undergoing economic hardships. Read more >>

Credit Services


Auto leasing and finance organisations to diversify into new markets and services
KPMG Report: Emerging markets and new mobility services key to future growth in auto leasing and financing market Read more >>

SA may provide Zimbabwe with more cash
South Africa has agreed to consider extending a line of credit and providing further budget support to Zimbabwe's government‚ after a meeting today between Finance Minister Pravin Gordhan and his Zimbabwean counterpart Tendai Biti. Read more >>

Finance, Accounting & Banking


Concern over level of corruption in corporate sphere
Only 2% of South African executives would be willing to pay cash to win or retain business during an economic downturn - a figure down from 16% in 2010. Read more >>

Charter helped improve access to bank accounts: Gordhan
The percentage of South Africans with a bank account increased from 47% in 2005 to 63% in 2011 after the launch of the first Financial Sector Charter in 2004, said Minister of Finance Pravin Gordhan. Read more >>

Financial inclusion critical to lubricate real economy - Fuzile
If South Africa is to lubricate the real economy it must ensure that more people can access affordable, easy-to-understand banking, and other financial services from formal sector providers, the National Treasury's Director General Lungisa Fuzile said on Tuesday. Read more >>

Investment Management


Mondi's Eurobond to provide cash stream
Mondi has launched a €500m eight-year Eurobond and the money raised will be used for general corporate purposes. Read more >>

Marriott gives advice to investors saving for retirement
The ability to predict the future with a high degree of certainty is the most critical feature of any retirement plan. An investor saving for retirement will want to know that they are saving enough to be able to sustain a desired lifestyle at their future retirement age, and a retired investor will need to know that their pension or annuity income will last into the future. Read more >>

Largest Avusa investors stay with TMG
[Phakamisa Ndzamela] The largest institutional investors in Avusa (AVU) - the Public Investment Corporation (PIC)‚ Kagiso Asset Management and Coronation - have confirmed that they had opted to remain shareholders in the new listed entity Times Media Group (TMG). Read more >>

Taxation


Govt meets parties for final e-toll talks
A final round of talks between government and stakeholders on the Gauteng Freeway Improvement Programme (GFIP) got underway in Pretoria on Tuesday afternoon. Read more >>

Pay SARS, or risk having transfer blocked - Rawson
People selling their homes from now on had better make certain that they are in good standing with the South African Revenue Service (SARS) - or they are likely to find themselves unable to transfer their properties, warns Errol King, Rawson Properties' franchisee for Muizenberg. Read more >>


Jobs offered
Lecturer - Accounting - Various Posts - Stellenbosch
Stellenbosch University invites applications from suitably qualified lecturers in accounting to commence duties in January 2013 or as soon as possible thereafter. Read more >>

ACR Auditor - Johannesburg - North
Read more >>

Process Engineer - Cape Town/Johannesburg
Read more >>

CA - SA - Cape Town
Read more >>


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