| 16 Jul 2013 |
| Finance & Insurance | | Finance & Insurance, Accounting & Auditing, Banking, Credit Services, Finance, Accounting & Banking, Financial Services, Insurance, Investment Banking, Investment Management, Taxation, Venture Capital |
|
Weekly top stories | Standard Bank's mobile banking innovations were a hit with international bankers, showing how emerging markets can offer lessons to developed markets on using technology to serve customers. Read more >> |
|
|
 | The seventh FNB KZN Top Business Portfolio Awards were hosted at a gala dinner event at the Southern Sun Elangeni Hotel, attended by a list of dignitaries and leaders from various government departments, municipalities and businesses across the province. Read more >> |
 | According to the latest Global Travel Intentions Study 2013 from Visa, four out of the top five biggest travel spenders are from emerging markets. South African travellers spent an average of US$2888 (R28,880) on their last trip, placing them fifth among the world's top five spenders. Read more >> |
 | [Issued by Random House Struik] Very few people know how to save, where to invest, how to avoid money troubles or how to earn more money. Help is at hand with three new books from Zebra Press this July by well-known experts in business, finance and property. Read more >> visit press office >> |
 | [Phakamisa Ndzamela] SA's long-term asssurance companies are expected to post solid growth in profits in the first half of 2013‚ an EY survey indicates. Read more >> |
[Fifi Peters] The rand maintained a weaker bias against the dollar in late trade on Wednesday (10 July) as investors squared positions ahead of the release of the US Federal Reserve's cut in its bond-buying programme. Read more >>
 | SA's retail banking confidence weakened in the second quarter, according to a survey by professional services firm Ernst & Young (now called EY). Read more >> |
 | Orange is launching a quick and easy international money transfer service at a competitive price called "Orange Money International Transfer". The offer is available between Mali, Senegal and Cote d'Ivoire. Read more >> |
SA's retail banking confidence weakened in the second quarter, according to a survey by professional services firm Ernst & Young (now called EY). Read more >>
[Issued by Milpark Business School] Milpark Business School is well-known for its niche banking qualifications and has revisited its current offerings to ensure that the skills acquired will enable students to operate successfully in the changing environment. Read more >> visit press office >>
 | Rawson Developers has noted that a high percentage of potential property investors need counselling about the way in which banks operate and the procedures necessary to qualify for a loan. Read more >> |
[Fifi Peters] The rand was oscillating around the R10.00/$ on Tuesday (16 July) as investors traded with caution ahead of Federal Reserve's Ben Bernanke's address before congress due Wednesday (17 July). Read more >>
[Helmo Preuss] Local grain futures eased on Monday (15 July) due to the stronger rand‚ with maize futures prices shedding more than 2%‚ while wheat futures dipped by just more than 1%. Read more >>
 | [Thabiso Mochiko] Cell C‚ SA's third-largest mobile operator‚ said on Tuesday (16 July) that majority shareholder Oger Telecom had earmarked an equity investment of US$350m into the company. Read more >> |
 | [Phakamisa Ndzamela] Professional services firm EY Africa says it has about US$40m to spend on acquisitions in SA, Angola and Nigeria and is also looking to increase its investments in skills development. Read more >> |
Interest rates should be kept at their 40-year lows for at least the next 12 months to give consumers time to recover from steep debt levels, according to the National Consumer Forum. Read more >>
The average cash withdrawal values across South Africa for June 2013, was R475.98, the highest rate this year, as measured by the Spark Cash Index (SCI). There was a month-on-month increase of 2.47%. Read more >>
 | Standard Bank has been named Best Investment Bank in Africa, as well as the Best Bank in South Africa, by international finance magazine, Euromoney. Standard Bank also received awards for Best Equity House and Best Risk Manager in Africa. The awards were presented at the recent 2013 Euromoney Awards for Excellence function in London. Read more >> |
 | [JP Landman] For half a century, since the Second World War, the division of the spoils of economic growth between labour and capital remained stable. As economies grew, so the total income of labour and capital grew at almost exactly the same rate. Read more >> |
 | Retail group Shoprite reported on Tuesday (16 July) that total turnover for the 12 months to June had increased by 12.1% to about R92.7bn‚ compared with the corresponding 12 months last year. Read more >> |
 | [Evan Pickworth] The Treasury's paper on retirement costs, released late last week, sets SA on course to dramatically revise its pension system, where rather murky pricing practices prevail, giving clients who have certain products a raw deal. Read more >> |
 | [Alistair Anderson] Human resources company Kelly Group on Monday (15 July) announced that all outstanding conditions required to sell the M Squared Consulting business would be met by the end of the month. Read more >> |
 | [Alistair Anderson] Delta EMD, which makes electrolytic manganese dioxide (EMD), mainly used in dry alkaline batteries, said last week that its headline earnings for the six months to June would be much stronger than expected and an improvement on the same period last year. Read more >> |
 | [Geoff Blount] Given the rand's recent wobble, the question most investors are asking again is whether to invest offshore or not and, if so, how much of their portfolio should be invested in other countries. Unfortunately for those who want a simple answer, there isn't one: much will depend on the investor's specific circumstances. Read more >> |
 | [Priyesh Modi] Kenya is considered the most developed economy in Eastern Africa and is considered the economic, commercial, and logistical hub of the entire region. Kenya's population is estimated at 41 million with a large number of well-educated English-speaking - and multilingual - professionals and a strong entrepreneurial tradition. It is also a very "young" country with almost 70% of the population under the age of 35. Read more >> |
 | [Nick Hedley] The historically close correlation between South African listed property sector yields and yields to maturity on long-term government bonds appeared to break down in June‚ according to Catalyst Fund Managers. Read more >> |
 | The islands of Malta and Gozo are ideal destinations for lifestyle or investment purposes. Located in the heart of the Mediterranean, this area is rich in history, with a cultural heritage dating back more than 7000 years. Read more >> |
 | [Amanda Visser] Proposed changes to the Value-Added Tax (VAT) Act will make it compulsory for foreign e-commerce retailers of electronic books, music and other services to register for VAT in SA from January next year. Read more >> |
 | [Evan Pickworth] Minister of Finance Pravin Gordhan announced last week that the man who had replaced him as commissioner of the South African Revenue Service (SARS) in 2009‚ Oupa Magashula‚ has resigned after an investigation into his conduct. Read more >> |
 | The Tax Season for individuals (provisional and non-provisional taxpayers) and trusts officially opened on 1 July 2013. This Tax Season, the annual income threshold for the filing of income tax returns has been raised from R120,000 to R250,000, as announced by Finance Minister Pravin Gordhan in the 2013 Budget. Read more >> |
 | The 2013 tax season was officially launched on 1 July 2013. This means it is time for taxpayers to file their tax returns before the SARS deadlines to avoid penalisation. Read more >> |
 | NEW YORK, USA: Corporate raider Carl Icahn and his allies boosted their offer for troubled US computer company Dell, and repeated their call for shareholders to reject a US$24.4bn private equity buyout. Read more >> |
More International
 | In this great new series MWEB and Bizcommunity.com are bringing you the best of South Africa's entrepreneurs... the challenges they faced, how they met - and beat those challenges. (Videos) Read more >> |
The National Treasury says pensioners could get more when they retire if retirement income charges are reduced. Read more >>
More Government news
 Metropolitan appoints Match Creative - more info
Financial controller at brandhouse - more info
As Paarl Media Group's financial analyst, you will be tasked with quantitative analyses of information, formulating reports and proposals from a financial perspective. Read more >>
 The conference progamme will include presentations by subject matter experts from both the private sector and regulators including an International speaker from Hong Kong. Read more >>
 | Print any item in this newsletter. |
 | Email any item in this newsletter. |
 | Comment on any item in this newsletter. |
|
|
|
|
|
