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Finance & Insurance

Things your lawyer is too polite to tell you

A lawyer/client relationship is rather like a doctor/patient relationship at least in one area - full and honest communication - which is the basis for a good relationship, right?

The problem is sometimes, however, in any conversation, that we avoid telling it like it is because we want to be polite. So in this article, when it comes to legal issues, Jody Doyle takes you through a few things your lawyer may be too polite to tell you.

Geez, what a dump - and you own it? At first sight, one might be forgiven for wondering who might have an issue over the ownership of what many of us reckon is little more than a blot on the landscape, but Jackwell Feris takes a look at mine dumps in South Africa and how they can be an ownership dilemma.

Top farmers are valuable, so it's great that the Western Cape Farmer of the Year has been announced. Congratulations to Rossouw Cillie of the farm Laastedrif in Ceres and company director of Tru-Cape fruit; he's been named Western Cape Farmer of the Year.

OK, anyone who knows our tame motoring editor, Henrie Geyser, knows that while he might be perky, pretty he ain't - which is just as well then that the new Fiat 500L is all of that - and practical too! It's the perky, pretty, practical Fiat 500L.

Rod Baker, Content Director

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Weekly top stories
Changing landscape of unit trust industry
[Wade Witbooi] The expansion of the retail unit trust industry has been quite robust, from offering two funds in 1965, to 107 funds in 1996, and more recently, investors have approximately 1000 unit trust funds from which to select. Read more >>


Finance
Sunday Times Top 100 led by Coronation Fund Managers
The Sunday Times Top 100 Companies, which acknowledges the best-performing businesses on the JSE, based on shareholder returns over the past five years, has announced the 2013 winners at the award banquet held on Tuesday night at the Sandton Convention Centre. Read more >>

Actuarial & Insurance
System to curb truck accidents gains in popularity

Bekezela Phakathi

Short-term insurer Santam's innovative telematics system, meant to curb the number of accidents involving haulage trucks in SA, continues to grow in popularity‚ with the company reporting that there are now 800 trucks using it. Read more >>

Accounting & Auditing
Report analyses sustainable business models
A report issued jointly by the Chartered Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA) takes a detailed look at when the business model is at risk of failing, the impact of disruptive technology on traditional business models and how to go about assessing and changing a business model to enhance sustainability and build resilience in the face of rapid change in the business environment. Read more >>

Banking
Nedbank launches Innovation Lab
Pioneering its latest installation, Nedbank Group Technology (GT) will set new heights in banking technology with its Innovation Lab. Read more >>

Financial Services
Court rules in favour of bank in test case
The Supreme Court of Appeal has ruled in favour of the Land and Agricultural Development Bank of South Africa in its case against Ryton Estates, when the court found that a party or individual that defaults on payment does not only owe the interest on that capital, but also the interest that accrues on top of the owed interest. Read more >>

Markets & Investment
We're a bunch of shoppers - and we shouldn't be

Adele Shevel

South Africa is a nation of shoppers but it's failing to fuel sustainable growth in the country where more fixed investment and job creation are needed to foster real growth. Read more >>

Lower than expected PPI eases pressure on rand

Maarten Mittner

Producer price inflation (PPI) was 6.7% higher in September, slightly lower than expected‚ reducing pressure on interest rates. Read more >>

Union to buy apparel business

Marc Hasenfuss

Seardel‚ the industrial holding group controlled by investment group Hosken Consolidated Investments (HCI)‚ will cast off its loss-making clothing manufacture operations. Read more >>

Hedge fund industry is consolidating
Since the financial crisis in 2008, the South African hedge fund industry has consolidated at a steady pace, with the concentration of hedge fund assets managed by the larger managers increasing. Read more >>

Redefine International declares distributable income growth

Joan Muller

Rand hedge property company Redefine International‚ which started trading on Monday (28 October) in its new guise as a secondary inward listing on the JSE‚ on Tuesday (29 October) declared distributable income growth of a healthy 18% for the year to August. Read more >>

Lewis Group launches R2bn bond programme
Lewis Group on Tuesday (29 October) launched a R2bn domestic medium-term note (DMTN) programme. Read more >>

Relief as petrol price drops 28c/l

Evan Pickworth

The petrol price decrease of 28 cents a litre‚ which takes effect from Wednesday, 6 November, because of an improved rand against the dollar and lower oil prices‚ is expected to offer relief to deeply indebted consumers. Read more >>

Pepkor performance 'outshines listed peers'

Marc Hasenfuss

Cargo Carriers earnings up 141.8% to 149.7c
Taxation & Regulation
E-tolls are not 'goggas' says Mantashe

Devereaux Morkel

People should not see e-tolls as a pest, but should rather appreciate the world class infrastructure tolling made possible, ANC secretary-general Gwede Mantashe claimed. Read more >>

Concerns about SA, Mauritius tax agreement
Investment in Africa through Mauritius can be negatively affected due to the revised double tax agreement between South Africa and Mauritius. The tax treaty, which has been in place between the two countries since 1997, has been altered considerably and could lead to investors being subject to tax in both countries. Read more >>

TaxTim gives advice to get a tax refund
According to the South African Revenue Services (SARS) there are still more than two million salary earners who need to file their tax returns before the end of the 2013 filing season on 22 November 2013. Read more >>

Sanlam signs Prompt Payment Code
Poor cash flow, often caused by late debtor payments, is one of the top five problems faced by small and medium businesses. In order to make a contribution to a more robust entrepreneurial sector, the Sanlam Group recently became one of the first South African corporates to sign the Prompt Payment Code. Read more >>


International

BlackBerry scraps search for buyer, ousts CEO
OTTAWA CANADA: BlackBerry abandoned hopes of finding a buyer, and instead pegged its future on a US$1bn cash infusion as it shook up top management and named a new chief executive. Read more >>

TomTom reports profits slump as car sales slow
THE HAGUE, THE NETHERLANDS: Dutch vehicle navigation systems manufacturer TomTom said its profits fell by half in the third quarter year-on-year, blaming a fall in car sales for the poor results. Read more >>

'Nigerian' scams increase in Syria
Due to the complex political situation and ongoing conflict in Syria, new 'Nigerian' scams have become apparent. Read more >>

Nokia reports €91m net loss as sales fall
HELSINKI, FINLAND: Finnish mobile phone manufacturer Nokia announced on Tuesday, 29 October, a net loss of €91m in the third quarter as sales continued to spiral downwards. Read more >>

AB InBev reports better than expected third quarter
Honda's profits higher on weak yen
GM profits fall on equity buybacks, higher taxes
Japan's SoftBank net profit up 84%
Japan's ANA's profit slumps by 45.7%
Apple profits slip but iPhone sales soar

More International


Government

BRICS crucial to dealing with global food crisis
BRICS, - an alliance between Brazil, Russia, India, China and South Africa - is an important grouping to deal with the global food crisis, promote global economic recovery and play a crucial role in global initiatives for improved food security. Read more >>

Zuma calls for increased trade between SA, DRC
President Jacob Zuma says South Africa and the Democratic Republic of Congo (DRC) must explore ways to stimulate trade and investment between the two countries. Read more >>

Coal exporters face 'higher tax burden' for beneficiation

Charlotte Mathews

Land claim swindlers warned

More Government news


Jobs offered

Pastel Accountant - Tygervalley, Cape Town
Read more >>

Junior Accountant - Tygervalley - Cape Town
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New events to diarise

Finance Career Insights
Gordon Institute of Business Science - 12 Nov 2013 Sandton

Myanmar Agribusiness Investment Summit 2014
Confexhub Group - 21 Jan 2014 to 22 Jan 2014 Yangon


Upcoming events

Petty Cash Management
Pietermaritzburg Chamber of Business - 6 Nov 2013 Pietermaritzburg

Finance Career Insights
Gordon Institute of Business Science - 12 Nov 2013 Sandton


All industry news


Marketing & Media
Leisure Books launches app, mobisite
How do I build a great social media team and who should I hire?

Daniel Pinch

Caxton buys RamsayMedia

Rod Baker


Medical
'Too cool to smoke' campaign launches in November
SAB Social Innovation Award winners 2013
Benefits outweigh the risks as far as flu shots go

Retail
Unpacking shopper behaviour
Cape crafts hit R1.5 million in exports
Design finalists think outside the bar

Sindy Peters


Government
Violent protests hamper fight against crime: Radebe
Government condemnation of protestors' behaviour
IHS Index confirms crime statistics says Mthethwa

Mining
Marikana commission extended
Mine dumps in South Africa: an ownership dilemma

Jackwell Feris

Platinum Highway captures SA history

CSI
Continental employees support relief programme
Bestmed initaites empowerment project to fight unemployment
R266,000 raised for Zip Zap

Agriculture
Western Cape Farmer of the Year announced
Itac probes claim of chicken dumping

Amanda Visser

Gauteng MEC meets with AFGRI

Arts
Local fashion designers to showcase at Red Carpet Fashion Show 2013
2013 Elle Style Reporter finalists await fate
National Arts Festival 2014 Fringe opens for applications

Building
Zuma sends condolences to families of Eskom workers
New university design to improve Mpumalanga

Nkosinathi Sengwayo & Adele du Toit

Issues in building industry need to be addressed

Environment
SANParks announces collaboration with Big 5
Uncertainty flourishes in a warming climate

Jaspreet Kindra


HR & Recruitment
[BizCareers] Am I asking for too much?

Juliette Attwell

Facebook recruitment is here

Matthew Gray

Handling a stressful business environment

Legal
SAMRO protects rights of musicians
Things your lawyer is too polite to tell you

Jody Doyle

LegalWise launches new prototype branch

Property
PGP brings prime London residential property to the SA market
POPI Bill to restrict landlords' use of private information

Security
Syria says Kerry's statements threaten peace talks
Mthethwa condemns Khutsong violence

Education
Business school launches 'Free to Learn' competition
Nzimande launches the University of Mpumalanga
Academy teaches resilience skills to marginalised youths

Tourism
#lovecapetown evolves into travel research tool
Your top hotel checklist

Brian Berkman

Indaba 2014 has risen to the challenge, says SA Tourism's CEO

ICT
Call for 'cyber warriors' to fight fraud
MWEB launches own mobile data offering
Understand who's inside your network

Maritime
Orange Marine cable ship makes Cape Town its home port

Sport
Cape Fight League to appear on Blackbelt TV
DHL is official logistics partner of Rugby World Cup 2015
Discovery Sport Industry Awards shortlist announced

Logistics
SA freight businesses step in right direction
Kenya Airways launches wildlife conservation fundraising campaign
Cape Town's MyCiti gets innovative website

Science
Nobel Laureate scientist visits SA
Nashua Mobile helps grow small businesses
Free-to-air satellite TV now live

Lifestyle
EFC Africa 25 back in Cape Town

Warren Harding

Extra Cape Town gig for The Boss

Automotive
Struandale Engine Plant hits 100 000 engine milestone
SA should prepare for new era of vehicles
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