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Finance & Insurance

Poachers 0 - Rangers 4

It's difficult to have much sympathy for rhino poachers. No, actually, make that 'it's difficult to have any sympathy for rhino poachers' who suffer from lead poisoning. So it has been a bad ending for 2013 for four suspected poachers who were fatally wounded in KNP, and a slightly less unpleasant end to the year for a further 17 suspected poachers who were arrested in the park.

On a much happier note, one of South Africa's best in legal circles, former Chief Justice Pius Nkonzo Langa has been awarded a posthumous honorary Doctorate of Laws.

The Wits University's Faculty of Commerce, Law and Management conferred the honourary doctorate on Langa for his unselfish, inspirational and steadfast service to his country and his profession. Hear, hear! It's just a pity that the honour was not conferred during the judge's lifetime.

Do you like online gaming? If so, here are some tips to help you fight off unwanted villains/cyber crooks - and we mean the real villains out there... the cyber criminals acting with the intent to cause real harm to you - so read, learn, and stay safe.

Finally... Laduuuuummmmmaaaaaa! Tickets for the 3rd Orange African Nations Championship (CHAN 2014) go on sale on 29 November 2013, and will cost from R40 up to a maximum of R200. The tournament kicks off on 11 January 2014, with the final to be played on 1 February. Matches will be played in Cape Town, Mangaung and Polokwane - so don't miss it!

Rod Baker, Content Director

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Weekly top stories
Increase in banking malware expected
Consumers are warned about a peak in both the volume of Apple iOS phishing sites, as well as a notable increase in online banking malware. This is according to Trend Micro's latest quarterly Security Roundup Report. Read more >>


Actuarial & Insurance
Middlemen preying on desperate mine pensioners
Former mine workers and their dependents, who are owed billions in provident and occupational disease fund payments, are paying huge commissions to middlemen to expedite payment. Read more >>

Accounting & Auditing
Rich 10% consume most goods in SA

Mpho Sibanyoni

A recent study shows that South Africa's small number of fat cats consume more goods than everyone else in the country put together. Read more >>

Banking
Barclays Africa appoints head of corporate finance
Hasnen Varawalla has been appointed as head of corporate finance at Barclays Africa, within the bank's Africa investment banking division's advisory team. Varawalla, who will be based in Johannesburg, will report to Philip Lindop, head of Africa investment banking at Barclays Africa. Read more >>

Beware of dodgy debit orders
Consumers are falling victim to unauthorised debit orders debited to their accounts by dodgy companies. Read more >>

Education & Training
CIMA invites sponsors for business challenge
Opportunities exist for corporate national sponsor partners to partner with the Chartered Institute of Management Accountants (CIMA) to support its Global Business Challenge (GBC) designed to discover and nurture future business leaders. The competition's success has made it one of CIMA's annual flagship events. Read more >>

Financial Services
Business outsourcing incentives to expand

Paul Vecchiatto

Incentives for foreign companies setting up call centres and other business processing operations in SA have been so successful that they will be extended and increased, says Yusuf Timol, economic minister in the South African High Commission in London. Read more >>

Standard Bank launches Generation 8 branches
Standard Bank has launched its new Generation 8 branches to deliver banking value by bringing physical banking into the future. Read more >>

Markets & Investment
Vukile Property's distribution up 5% to 54.81c aunit
Vukile Property reported a 5% rise in its distribution per linked unit to 54.81c for the six months to September up from 52.20c a year ago. Read more >>

Motor industry strike blamed for dragging down growth
A deluge of disappointing economic data means that SA's gross domestic product (GDP) growth will now almost certainly come in below the psychological benchmark of 2% for the year. Read more >>

Hogan Lovells‚ Routledge Modise to merge

Evan Pickworth

Moves by global law firms to expand into Africa continue to gather pace‚ with Hogan Lovells on Wednesday (20 November) agreeing to merge with Routledge Modise from December. Read more >>

Prudent for Bowler Metcalf to buy back shares says activist

Marc Hasenfuss

Directors at specialist packaging group Bowler Metcalf (Bowcalf) were urged to pursue share buy-backs and consider value unlocking options at the company's lively annual general meeting held on Wednesday (20 November). Read more >>

Sapoa questions increased municipal rates

Alistair Anderson

The South African Property Owners Association (Sapoa) questioned the legality of increased municipal rates charged to its members, saying random rate increases were not based on logical reasoning and were highly irregular. Read more >>

Business Connexion seeks opportunities in Africa

Thabiso Mochiko

Technology group Business Connexion is in discussions with two companies in Nigeria in a bid to bolster its flourishing business in that country‚ the company said on Tuesday (19 November) Read more >>

Barloworld plans Africa expansion

Nick Hedley

Barloworld is targeting six sectors to boost the growth of its business and is busy positioning itself "o expand into west and east Africa‚ according to company chief executive Clive Thomson. Read more >>

Pioneer Foods earnings up 12% to 456c
Investec Property Fund's distribution up to 50.46c
Tsogo Sun's earnings of 81.3c
SAB's earnings up 8% to R3.8bn
Edcon's retail sales up 5.9% to R6bn
SABMiller's earnings up despite challenges

Nick Hedley

Super Group profits up by as much as 25%
Barloworld earnings up 26% in tough conditions

Mark Allix

Taxation & Regulation
Tax incentives attractive but restrictive
Proposed tax breaks for companies operating in special economic zones (SEZs) have become attractive enough to draw interest from investors. But a lack of industry diversification in zones could limit investment. Read more >>

Venture Capital
ClipDC conference reveals new ideas on funding
The 'Creating and Leveraging Intellectual Property in Developing Countries (ClipDC) conference, held from 17-20 November 2013 at the Southern Sun Elangeni Hotel in Durban, has revealed some new ideas on funding. Government officials, policy experts, academics and entrepreneurs from South Africa and Africa and developing and developed countries attended the conference. Read more >>


International

Renault, Peugeot likely to profit from Iran deal
PARIS, FRANCE: French car manufacturers Peugeot and Renault look to be among the clearest beneficiaries of the interim deal that lifts some sanctions on Iran, with both hoping to leap back into the Middle East's biggest car market. Read more >>

Electric car company Fisker files for bankruptcy
WASHINGTON, USA: Fisker Automotive, whose high-end electric cars caught the eye of Justin Bieber and other celebrities, has filed for bankruptcy protection. Read more >>

Deutsche Telekom sells 70% stake in Scout24 for €1.5bn
FRANKFURT, GERMANY: German telecommunications company Deutsche Telekom has agreed to sell Scout24, which owns the online classified portals ImmobilienScout24 and AutoScout24, for €1.5bn. Read more >>

EU launches anti-trust probe into container shipping lines
BRUSSELS, BELGIUM: The European Commission said it had opened an anti-trust probe into several unnamed container shipping companies to see if they have acted in concert to rig the market. Read more >>


More International


Africa

Fast-track fund for food security

Shaun Harris

Many African countries are farming countries, where agriculture is both a major component of gross domestic product growth as well as local employment and food supply. Read more >>


More Africa


Government

Six million filed tax returns says Gordhan
Finance Minister Pravin Gordhan thanked more than six million people for filing their tax returns on time. Read more >>

Gordhan says irregular spending tops R28bn
Irregular spending by government departments and entities has shot up by more than R17bn in the past three years, according to Finance Minister Pravin Gordhan. Read more >>

E-tags not selling well says minister
The SA National Roads Agency Limited (Sanral) has more than 1.4m unsold e-tags, according to Transport Minister Dipuo Peters. Read more >>


More Government news


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New events to diarise

Core Banking Solutions 2014 and Beyond
Trade Conferences International - 12 Feb 2014 to 13 Feb 2014 Johannesburg

Banking Document and Workflow Management
Trade Conferences International - 19 Feb 2014 to 20 Feb 2014 Johannesburg

Advanced Excel Skills for Financial Managers
Alusani Skills & Training Network - 14 Apr 2014 to 15 Apr 2014 Johannesburg


Upcoming events

Finance for Non-Financial Managers Course
Paton Training - 28 Nov 2013 to 29 Nov 2013 Johannesburg


All industry news


Marketing & Media
[Biz Takeouts Podcast] 79: Retail Capital and funding solutions
Three ways to sabotage your website

Marc Pienaar

Disruptive technologies affect document management
Crowdfunding platform drives development of creative enterprises

Medical
Call for free cancer drugs for all
Hello Doctor, there's a problem
Blood test to diagnose chronic migraine

Retail
Local herbs, spices supplier acquires food safety certification
Conservative growth for buttermilk, maas
First brand ambassador for Joop! Homme
Inaugural Wine Writer of the Year announced

Government
Crime is a complex challenge, says Mthethwa
Domestic workers set for wage increase
Government's target is 7.5-million new jobs

Linda Ensor


Mining
SA seeks Canadian investment in mining
Countries should reap benefits of mineral resources
Kimberley Process meeting reflects on progress

CSI
Energizer collects gifts for children
Hout Bay school receives lockers
Ark Animal Centre receives donation

Agriculture
Hailstorms cause huge crop damage
Urban organic agriculture in downtown Joburg

Arts
SA supports Mali's exiled Festival au Desert
The Cape Town Art Fair returns
Live Creative Sessions in Jozi and Cape Town

Building
Minister warns shoddy contractors
Hammerglass introduced to SA

Environment
VW awarded for sustainability programme
Four suspected poachers fatally wounded in KNP
Renewable energy is Africa's power supply solution

HR & Recruitment
Cloud levels playing field of HR technology
Codes Interpreter gives insight into B-BBEE
[BizCareers] Good cover letters and glowing references

Juliette Attwell


Legal
Langa receives honourary doctorate
Complementaries of the season

Neil Kirby


Manufacturing
Energy initiatives benefit steel maker

Mark Allix

Rare Holdings strengthens its position with deal

Property
Breaking real estate photography rules

Rebecca Weber

Stable interest rate good news for housing and consumers

Samuel Seeff


Security
Vox Telecom launches SMS service for PE police
Identity fraud in Gauteng is increasing

Education
ContinuitySA announces 2014 training programme
Addressing SA's shortfall in quality matriculants
Choose courses that are relevant to the times

Tourism
Guests want life experiences, hotels must adapt - study
Tourism income up 8.2% in September
Renewed experiences at Spier

Ruth Cooper


ICT
Virtualisation makes disaster recovery available to all
Tips to help online gamers fight off unwanted villains/cyber crooks

Maritime
Companies responsible for water pollution warned

Sport
Get your costume ready for the Twilight Team Run
CHAN 2014 tickets to go on sale 29 November
Momentum Cricket Sixes launched

Logistics
Faulty trucks suspended from KZN roads
Pay or face the law says Sanral
Cross-company logistics partnership offers help to the Philippines

Science
Capillary Technologies enters SA market
SA and EU celebrate S&T partnership
Winners of business ideas competition announced

Lifestyle
Loyiso Gola Live and very, very direct

Brandon Williams

Final date added to Santana tour in Cape Town
Line-up announced for the Table Mountain Blues Summit 2013
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