2 Jul 2013


Finance & Insurance

First and foremost, have fun

Work on work that is meaningful. Cape Town's Black River Office Park is taking sustainable development to a whole new level. They're in the process of installing the largest solar PV system in Southern Africa. Two green thumbs up to you lot!

Take risks. There's a new SA radio station lurking on the interwebs, and it goes by the name of EuroTrashMusic - not your cup of tea? Don't be put off by the name - it's more a reference to a type of music rather than the location of the music, explains the station's founder Craig Steyn. Ruth Cooper finds out who they are, what they do, and why they do it in, EuroTrashMusic and the future of online radio.

Surround yourself with people who are cleverer than you. Education NPO SABSA will soon host the 8th Business School Expo in Joburg, open to anyone interested in finding out more about executive education. Attendance is free if you register online, otherwise pay R100 at the door on the day. Bit of a no-brainer, right?!

And finally, have fun! Number one on the list, and my favourite tip from Tara Turkington who shares her ten tips to building a great team - four of which have been mentioned above.

Go forth and lead by example!

Sindy Peters, Group Head: Content

PS. Good news, everyone! We've extended the deadline of our reader competition until Monday, 15 July 2013. Simply create or update your MyBiz Profile on Bizcommunity and stand a chance to WIN an awesome GoPro camera and accessories worth over R6000!

Comment online in our ed's column archive. Go mobile with apps and m.bizcommunity.com. Engage with us on Twitter, Facebook, LinkedIn and Google+. Subscribe to YouTube and via RSS. Send all your industry news to financenews@bizcommunity.com, exclusive opinion pieces to contributors-finance@bizcommunity.com and international news to internationalnews@bizcommunity.com. Read "How to contribute to Biz, from op-ed pieces to news".



Weekly top stories

The return of the balanced mandate: tips for success
[Duggan Matthews] Investors often face a dilemma when investing their money due to the trade-off between income and capital growth. Typically, there are investments that provide a high level of income, such as bonds and cash, but which have less scope for capital growth. Read more >>

Finance & Insurance
Understanding the matrix of the Millennial Generation and money
In South Africa, one in every four adults is unemployed. It is understandable, therefore, why many youths tend to focus on finding employment and forget about the need for long-term financial plans. Read more >>



Business rescue: commercial suicide versus personal liability
When it appears unlikely that a company will be able to pay all of its debts, the directors face a difficult choice - whether or not to apply for business rescue. Directors may face personal liability for any losses suffered if they fail to apply for business rescue when necessary. Read more >>

GoPro reader competition deadline extended until 15 July!
[Issued by Bizcommunity.com] Good news, everyone! We've extended the deadline of our reader competition until Monday, 15 July 2013. Simply create or update your MyBiz Profile on Bizcommunity and stand a chance to WIN an awesome GoPro camera and accessories worth over R6000! Read more >>  visit press office >>


Insurance
MMI merger settled, growth the challenge
There is little doubt that the merger in December 2010 of Momentum and Metropolitan to form MMI will be the last large life assurance merger in SA. Read more >>



Life assurance changes expected soon
[Linda Ensor] The Treasury's long-awaited proposals on how charges for life assurance products could be reduced is due to be released in the next few weeks. Read more >>

Unlock the power of information in insurance
[Bruce Taylor] There are three indisputable facts about the insurance industry. Firstly, it's a USD4.3 trillion global business with premium revenues in emerging economies growing at 11% year-on-year. Read more >>


Accounting & Auditing
Discovery's administration fees fair says firm
[Tamar Kahn] Members of Discovery Health Medical Scheme (DHMS) are paying more than average for administration fees, but are getting value for their hard-earned cash, concludes a review commissioned by the scheme from Deloitte Consulting. Read more >>

CIMA launches first African Centre of Excellence
26 June 2013 saw the Chartered Institute of Management Accounting (CIMA) launch the first African CIMA Centre of Excellence (COE). The COE will be dedicated to the funding of African accounting research. The launch took place at the South African Accounting Association's international biennial conference welcome dinner, in collaboration with the International Association of Accounting Education and Research. Read more >>

Guidance papers issued by Public Sector Audit Committee Forum
The Public Sector Audit Committee Forum (PSACF)[1] has released four guidance papers concerning certain responsibilities of public sector audit committees. Read more >>


Banking
Marcus earns R4,99m, Zuma gets R2.62m
[René Vollgraaff] Reserve Bank governor Gill Marcus gets paid almost twice as much as her boss, President Jacob Zuma. Read more >>


Credit Services
Subdued growth for car sales this year
[Ray Faure] The outlook for the automotive sector for the balance of the year looks less promising than at the beginning of 2013‚ according to the industry and analysts. Read more >>

Impaired credit records challenge bond originators - Van Alphen
According to Mike van Alphen, national manager of Rawson Finance, the Rawson Property Group's bond origination division, it is surprising that many South African bond originators have managed to increase their percentage of accepted bond applications, when the "staggering" rise in debt payment defaulting is taken into account. Read more >>


Financial Services
Content marketing for financial brands - Sun Life financial case study
[Athar Naser] Following on from our exploration into the content world of Red Bull and how an FMCG brand used content marketing to dominate their sector completely (http://bit.ly/10tWtLD), this week we're looking at a far less exciting market sector and how one company is trying to change perceptions. Read more >>


Investment Management
Namibia stages investment seminar in Joburg
The Namibian Government is set to stage an investment seminar in South Africa to showcase investment opportunities in the country and to diversify trade with the rest of the world. The seminar, to be hosted by the Ministry of Trade and Industry of the Republic of Namibia in collaboration with the High Commission of the Republic of Namibia in South Africa, will be held on 2 July, 2013, at the Gallagher Convention Centre, Gallagher Grill, in Midrand, Johannesburg. Read more >>

Transnet's profits up 11.5% to R21.1bn
As a result of a strong operational performance and a cost saving of R2.2bn‚ transport parastatal Transnet's earnings before interest‚ taxation‚ depreciation‚ and amortisation (Ebitda) - it's key measure of profitability - rose by 11.5% to R21.1bn for the year to March. Read more >>

There's more to it than asset allocation
[David Crosoer] Investors who believe that asset allocation is the most important consideration in their portfolio's construction are possibly making a mistake. In today's world, it looks increasingly clear that manager selection will be the crucial differentiator of future performance. Read more >>

Satrix announce new leadership
Sanlam Investments (SI) has further bolstered its passive investment offering with the appointment of a weighty leadership team at Satrix. Read more >>

Private Property receives US$20-million investment from jobs portal
[Issued by Private Property] One Africa Media (OAM), previously named Private Property Holdings, has secured a US$25-million round of investment from Australian-listed jobs portal SEEK, for the expansion of its operations across Africa. Read more >>  visit press office >>


Taxation
Start filing tax returns says SARS
The 2013 tax season for submission of tax returns has officially opened‚ the SA Revenue Service (SARS) said on Monday (1 July). Read more >>

Six top tips to streamline the 2013 tax season
[Jannie Marais] The submission of tax returns is always a moving target thanks to the reality of continually evolving legislation. Probably the most noteworthy update for this tax season is that tax submissions for companies and close corporations have changed from the old IT14 to the new, dynamic ITR14. This represents further effort from SARS to close loopholes and eliminate unethical practices, while leaving little room for interpretation. Read more >>

KZN's 'jackpot' of R403m in gambling taxes
[Nivashni Nair] THE KwaZulu-Natal government has hit a jackpot of more than R403m in gambling taxes. Read more >>

Collecting tax debts from third parties
[Graeme Palmer] There are provisions in the Tax Administration Act 28 of 2011 (the Act) that allow the South African Revenue Service (SARS) to recover a taxpayer's tax debt from a third party who either holds money for, or owes money to, that taxpayer. This is a very effective method of collecting taxes that can be done by a senior SARS official serving a notice upon the third party requesting that the money held or owed to the taxpayer be paid over to SARS. Read more >>


International

EasyJet deal rankles founder
LONDON, UK: EasyJet is likely to go ahead and buy 135 Airbus single-aisle A320 passenger planes even though EasyJet's founder and biggest shareholder, Stelios Haji-Ioannou, said on Monday (1 July) that he would vote against this plan. Read more >>

Penguin, Random House unite
LONDON, UK: British publisher Pearson and Germany's Bertelsmann have completed a deal to create a publishing firm, Penguin Random House, the parent groups announced on Monday (1 July). Read more >>

Nokia buys Siemens' network division
BERLIN, GERMANY: Finnish telecom equipment maker Nokia is buying the 50% stake owned by German engineering giant Siemens in the mobile broadband joint venture Nokia Siemens Networks (NSN) for €1.7bn. Read more >>

EU to spend €960bn creating jobs
BRUSSELS, BELGIUM: - European Union (EU) leaders met on Thursday (27 June) to find ways of delivering growth and jobs for Europe's 'lost generation' of young people as crisis-induced austerity and high unemployment test voters' trust in the union. Read more >>

EU cuts roaming rates on cellphones
BRUSSELS, BELGIUM - Tourists within Europe can use their smartphones without fear of an outrageous bill waiting at home as this year's summer holidays start. The European Union is cutting maximum mobile data roaming rates by 36% this week. Read more >>


More International


Jobs offered



New events to diarise

Transaction Banking Conference 2013
Trade Conferences International - 16 Jul 2013 to 17 Jul 2013 Kempton Park
Advanced Financial Statements Analysis
Patron Training - 17 Jul 2013 to 18 Jul 2013 Johannesburg
Medical Aid and Insurance Conference 2013
Trade Conferences International - 24 Jul 2013 to 25 Jul 2013 Johannesburg
Rands and Sense
Inspiring Women Soweto - 26 Jul 2013 Johannesburg
IFRS 9, 7 and Hedge Accounting
Bizstrat - 1 Aug 2013 to 2 Aug 2013 Fourways, Sandton
Banking Transactions in South Africa
Trade Conferences International - 7 Aug 2013 to 8 Aug 2013 Johannesburg
All new and improved banking channel management
Trade Conferences International - 14 Aug 2013 to 15 Aug 2013 Johannesburg
2nd FNB Progress Conference on Happiness@Work
Business Results Group - 17 Sep 2013 Johannesburg


Upcoming events

3rd Annual Risk Intelligence/Business Resiliency
marcus evans - 4 Jul 2013 to 5 Jul 2013 Johannesburg
Certificate Programme in Finance and Accounting 30
Wits Business School - 8 Jul 2013 to 13 Nov 2013 Johannesburg


All industry news


Marketing & Media

Medical

Retail

Government

Mining

CSI

Agriculture, Horticulture & Forestry

Arts & Entertainment

Building & Construction

Environment & Conservation

Human Resources & Recruitment

Legal

Manufacturing

Property & Real Estate

Security & Military

Education & Training

Tourism, Travel & Hospitality

IT & Telecommunications

Maritime & Fishing

Sport

Logistics

Science & Technology

Lifestyle

Automotive
PrintPrint any item in this newsletter. EmailEmail any item in this newsletter. CommentComment on any item in this newsletter.


Today's weather
Cpt

15°C
11°C
Jhb

23°C
5°C
PE

17°C
9°C
Dur

23°C
13°C
Bloem

23°C
2°C

Customise weather

2013 Biz Trends Report

93 pages
49 contributors
41 contributions

Industry sectors




Press releases: Distribute your news professionally to over 170 000 subscribers across various industries. Read more about our press offices.

Editorial: We welcome your news, views and comments! Email press releases, invitations, interview requests, and proposals to financenews@bizcommunity.com and exclusive opinion pieces to contributors-finance@bizcommunity.com.

Advertising: We welcome your sales enquiries! Email sales@bizcommunity.com and read more about our advertising rates.

Location: Cape Town (head office): tel +27 (0)21 680 3500 | 24 On Main, Main Street, Rosebank, Cape Town, 7700, South Africa. Johannesburg: tel +27 (0)11 513 4172 | Nicol Grove Office Park, Design Quarter, Leslie Avenue, Fourways, Gauteng, 2055.

Subscribe/unsubscribe: Invite your friends, colleagues, suppliers, customers and partners to subscribe!


© 2013 Bizcommunity.com. All rights reserved.
Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein.

Unsubscribe, Manage subscriptions. Subscribe. Change email address. Change frequency to DAILY.