29 Oct 2013Contact usSubmit newsAdvertise on bizList your company
  My account

Finance & Insurance

On the horns of a dilemma

There are many measures the average South African would like to take to those poaching our rhinos in order to feed what most of us reckon is a pathetically primitive belief. Those measures might often include a quiet word with those found guilty with the aid of a baseball bat in a deserted building far, far away. That's all terribly illegal of course. However, one idea has seen a lot of support, and poisoning rhino horn seems to be on the cards, but Helen Dagut asks, while it might be ethically defendable, is it legally questionable?

Still on the crime front, the FBI has listed South Africa as the sixth most active country where cyber crime takes place. No wonder then that a local law firm says cyber crime is now a national crisis.

And on the legal front, Judge Albert Louis Sachs, the prominent anti-apartheid campaigner who was appointed by Nelson Mandela to sit on the Constitutional Court, has received a major award at the inaugural African Legal Awards.

Feel like a career in the arts? If so, applications are now open for the BASA intern programme.

All aboard-d-d-d-d... It's a case of three cheers for an extended Gautrain - but don't expect to enjoy the extended service any time soon, it will probably take a few years before you and your mates can occupy "three chairs" on the extended Gautrain.

Rod Baker, Content Director

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-specific news and event invitations 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
Just 35 companies pay 18% of SA's total tax take
[Amanda Visser] The latest PwC survey on the total tax contribution of large companies in SA revealed that 35 of these companies contribute almost 18% of the total tax collection in the country and employ more than 500‚000 people. Read more >>


Banking
FNB's eWallet shows strong growth in Africa

Bekezela Phakathi

First National Bank's eWallet continues to show strong growth in its African operations with a 119% year-on-year increase. It has also maintained growth in SA with the total number of eWallets in all countries reaching 2.5m‚ an 84% increase from the previous financial year. Read more >>

ATM withdrawals decrease
The slow economic growth, as well as the risings costs are now being felt by South African consumers. Statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2,200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed a decrease in ATM withdrawal levels for September 2013. Read more >>

Cyber crime a national crisis
Cyber crime is a national crisis costing the country a billion rand a year, a law firm said on Wednesday, 23 October. The FBI in the US listed South Africa as the sixth most active country where cyber crime took place. Read more >>

Education & Training
UCT advances to regional round in CFA Institute Research Challenge
A team of five students from the University of Cape Town (UCT) has won the South African leg of the 2013-2014 Chartered Financial Analyst (CFA) Institute Research Challenge, beating nine other local universities with their top-notch company analysis. Read more >>

Financial Services
Fitch gives SABMiller positive revised outlook

Nick Hedley

Fitch Ratings has revised the outlook of SABMiller's BBB+ long-term rating to positive from stable‚ and says the global brewing company's rating could be upgraded to A- by 2015. Read more >>

Financial Planning Week coming up this November
The financial services industry, steered by the Financial Planning Institute (FPI), will embark on its annual Financial Planning Week campaign from 25-29 November 2013. Read more >>

Saving encouraged through radio drama
'Savings Matters', a radio drama series currently being broadcast across a number of community radio stations is urging South Africans not to forget the importance of saving and to plan properly for their financial future. Read more >>

Markets & Investment
Famous Brands half-year earnings up 20% to 180c
Fast food group Famous Brands reported a 20% increase in headline earnings per share to 180c for the six months to August. Read more >>

Shoprite turnover up 10.2% for September quarter
Shoprite Holdings‚ Africa's biggest retail group‚ reported that its turnover had increased by 10.2% in the three months to September. Read more >>

Probe of Telkom chief financial officer batters shares

Larry Claasen

Telkom's shares fell sharply on the news that its chief financial officer‚ Jacques Schindehütte‚ was suspended‚ following a probe by an independent law firm into unspecified allegations against him. Read more >>

AVCA appoints two board members
Andrew Johnstone, CEO at African Infrastructure Investment Managers (AIIM), Macquarie, and Ziad Oueslati, founding partner of AfricInvest-TunInvest Group, have been appointed as members of the Board of Directors of the African Private Equity and Venture Capital Association (AVCA). Read more >>

Investors in affordable housing reap excellent returns
The vision to invest in the development of affordable housing in Africa is starting to pay off handsomely for pioneer private equity investors. Read more >>

Octodec‚ Premium Properties report double-digit growth

Alistair Anderson

Transnet profit up 71.2% to R2.9bn
Edcon's retail sales up between 4.7% and 6.5%
MTN now has 203,8m subscribers
Food and beverages industry up 9.0% y/y in August
Santova predicts earnings between 25% and 35% higher

Nick Hedley

Taxation & Regulation
Keep money in SA says Outa
Government's plan to slash official perks is a welcome development but more needs to be done to ensure tax money stays in the country, the Opposition to Urban Tolling Alliance (Outa) said last week. Read more >>

NHI discussion document nearly ready

Tamar Kahn

The Treasury's discussion document on financing options for the National Health Insurance (NHI) is a year-and-a-half late‚ but it is "nearly ready" ‚ according to director-general Lungisa Fuzile. Read more >>

SARS won't comment on Vavi's tax affairs
It was unfortunate that suspended Congress of SA Trade Unions (Cosatu) general secretary Zwelinzima Vavi discussed his tax affairs on social networking platforms, the SA Revenue Service (SARS) said. Read more >>

Meikles to sell stake in company to employee share trust

Tawanda Karombo


International

Volvo, Electrolux slash total of 4,000 jobs
STOCKHOLM, SWEDEN: Swedish industrial heavyweights Volvo trucks and Electrolux announced a total of 4,000 job cuts around the world on Friday when they published disappointing figures for the third quarter. Read more >>

Peugeot reports sales fall, holds targets, shares rise
Public sector workers face 'big changes'

Karl Gernetzky


More International


Government

Tax revenue collections prove resilient says Gordhan

Amanda Visser

Tax revenue collections showed resilience‚ despite weaker than expected economic growth in 2013‚ Finance Minister Pravin Gordhan remarked in the medium-term budget statement (MTBPS). Read more >>

NDP framework to create more jobs
Gordhan announces measures to restore confidence

Amukelani Chauke

Parliament to decide on youth subsidy bill
All eyes on Gordhan's mini budget announcement

More Government news


Jobs offered




New events to diarise

Chief Audit Executive's Breakfast
THE INSTITUTE OF INTERNAL AUDITORS - 19 Nov 2013 Sandton

Medical Aid & Insurance Conference 2013
Trade Conferences International - 27 Nov 2013 to 28 Nov 2013 Cape Town


Upcoming events

Next Generation Branch Banking Conference 2013
Trade Conferences International - 30 Oct 2013 to 31 Oct 2013 Johannesburg

Advanced Inventory Management and Stores Control
Bizstrat - 31 Oct 2013 to 1 Nov 2013 Johannesburg

Financial Modelling for Projects
Paton Training - 4 Nov 2013 to 6 Nov 2013 Johannesburg


All industry news


Marketing & Media
Who's the turkey, then?

Rod Baker

Why website copywriting is changing

Daryn Smith

Mint 40 under 40s opens for nominations
Advice for job seekers without degrees

Medical
Cansa warns about toxic chemicals
Health panel discusses role of PPPs in African healthcare
Avoid a stroke - know your blood pressure

Retail
Case could set precedent for retail exclusivity

Jac Marais

McCain's new website for foodservice industry

Government
World leaders in SA for econ conference
Gordhan tables youth subsidy bill
180,000 work on government projects

Mining
Transnet's Molefe 'tried to impose terms' says BHP Billiton

Brendan Ryan

Online auctions a solution for platinum mines
Kumba's operators trained on simulators

CSI
Nappy Run ambassadors announced
School upgraded by Anglo colliery
Sandton SPCA 2014 calender launched

Agriculture
APC opens Plantation Capital Kenya
Proposed AgriGroupe, AFGRI merger welcomed
NW fast tracks drought relief assistance

Arts
3i Publishing launches SA edition of DJ Mag
Johnny Clegg to play at Montecasino
Free screening of Beetlejuice this Halloween

Building
CPUT students complete landscape installation
GBCSA honours leaders in green design
Design industry presents ArchitectureZA

Environment
DemcoTECH donates aircraft to fight poaching
Home-owners urged to save water
WWF-SA, Sanlam launch Journey of Water campaign

HR & Recruitment
[BizCareers] Job-hopping and a psychometrist's career options

Juliette Attwell

How to attract Generation Y employees

Legal
Bowman Gilfillan to increase of offices in Africa

Evan Pickworth

Woolworths and the hummingbird

Janine Hollesen

Judge Sachs awarded at African Legal Awards

Manufacturing
Innovative First National Battery Cap Lamp honoured

Property
Periscopic Property Management, Masingita Group merge
Residential property is a good investment
Liberty sells Greenacres Mall for just over R1bn

Alistair Anderson


Security
Over 3,000 youth trained by Correctional Services
Police to keep a keen eye on children over festive season
Police university to open doors next year

Education
Understand SA's legislative framework
Disinformation in the information age
Applications open for BASA Intern programme

Tourism
Waiving of visa requirements to Tanzania
Greenpop launches Trees for Travel
Mantis offers new travel offering

ICT
Plan to fail for security success
Harnessing the benefits of software development
Analytics - the modern day storyteller

Desan Naidoo


Maritime
Africa told to protect marine wealth
Deep-sea fishing vote delayed

Sport
DAREdevil Run raises cancer awareness
Van Zweel selected to represent SA
Discovery signs sponsorship agreement

Logistics
Three cheers for an extended Gautrain
SAA sets sights on West Africa expansion

Nicky Smith


Science
Cellphones are the digital candidate goldmine for recruiters
Smartphones boost sharing of photos, videos: survey
Skills development enhanced by new technologies

Phil Lotter


Lifestyle
Springsteen to debut in SA
Jou Ma Se Comedy Club to open soon
L'Ormarins Queen's Plate ticket sales open

Automotive
Automart anticipates customers' needs
Clearer vehicle sales picture now available
Geely, Volvo to share research and development expenditures
PrintPrint any item in this newsletter. EmailEmail any item in this newsletter. CommentComment on any item in this newsletter.


Today's weather
Cpt

20°C
15°C
Jhb

23°C
14°C
PE

24°C
16°C
Dur

25°C
18°C
Bloem

29°C
12°C

Customise weather

Follow us

Browse other industries



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.