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Finance & Insurance

Weekly top stories
Send your budget tips to Gordhan
PRETORIA: Finance Minister Pravin Gordhan has invited the public to submit their tips on what they would like to see in the country's budget, which he will present to Parliament next month. Read more >>


Finance
Keeping commercially competitive
The 2014 prospects of the South African economy remain the subject of an ongoing debate, with the 4th quarter FNB/Bureau of Economic Research Consumer Confidence Index concluding that a number of factors such as lost wages during strikes, higher household tax burdens and a slowdown in unsecured lending, has potentially been eroding consumers' ability to spend. Read more >>

Actuarial & Insurance
Are you using the best insurance company in SA?
If you're looking for car insurance, then you're probably asking yourself the same two questions that everyone else does: 1) How do I get the best price? And, 2) Which company will give me the best service? Read more >>

Banking
Nedbank invests in iNetco tracing tool
Nedbank's recent acquisition of the iNetco system ensures that it will improve its operational efficiency in the face of growing transaction performance complexities. The bank has grown by over two million new individual and small business clients over the last two years. Read more >>

Financial Services
Grindrod, Pembani form new rail-leasing company
Freight and logistics company Grindrod's subsidiary‚ Grindrod Freight Services (GFS)‚ has teamed up with the Pembani Remgro Infrastructure Fund (PRIF) to form a leasing joint venture. Read more >>

Telkom asks Schindehütte to repay R6m loan

Thabiso Mochiko

Telkom has asked its suspended chief financial officer Jacques Schindehütte to repay the R6m loan that it granted him in September last year to buy shares in the company. Read more >>

Markets & Investment
Ellies Holdings earnings down 40.9% to 25.09c
Electronics group Ellies Holdings has reported a 40.9% decline in its interim headline earnings per share (HEPS)‚ which it ascribed to the end of an Eskom contract that had boosted its results in the previous periods. Read more >>

Malt whisky sells for record-breaking US$628,000
HONG KONG: A bottle of malt whisky has gone under the hammer in Hong Kong for the record-breaking sum of HK$4.9m (US$628,205), an auction house says. Read more >>

Non-executive increases dropped in 2013

Amanda Visser

Double-digit increases in non-executive fees‚ which had been the norm in over the last few years‚ did not continue into 2013‚ with the average increase being below inflation. Read more >>

Little festive cheer for retailers

Adele Shevel

Shoprite and Massmart lost R460m by shutting their doors for Nelson Mandela's funeral last month - a sacrifice all the more significant given grim retail sales figures for the festive season, which emerged last week. Read more >>

SA's November motor trade sales up 0.7%
South African motor trade sales‚ measured in current prices‚ increased by 0.7% year on year in November 2013 after a 4.6% rise in October‚ data released by Statistics South Africa showed. Read more >>

New car inflation picked up last year
New car inflation rose to 5.65% in the three months to December - its highest level since March 2010 - driven in part by the weaker rand. Read more >>

Upbeat November retail sales may not be sustainable
Retail sales rose much more than expected in November‚ although economists warn this is unlikely to be the start of an upward trend given moderating household consumption expenditure growth and sluggish economic growth. Read more >>

Businesses set to pass hikes on to consumers

Ntsakisi Maswanganyi

Businesses under pressure from increasing costs might soon start passing the increases on to consumers‚ resulting in consumers having to pay more for goods‚ South African Chamber of Commerce and Industry's (Sacci) chief executive Neren Rau said. Read more >>

Get set to save

Nick Battersby

Lose weight. Quit smoking. Finally make it to the gym (or at least around the block)... It is likely that many of us started 2014 with a New Year's resolution or two. As the year gets underway it may be worth considering a further addition to the list, by making saving a priority. Read more >>

Poultry producers under pressure on rising maize prices

Andries Mahlangu

Country Bird's share price fell 3.23% to R3 on Tuesday (14 January) as the market worried about the effect of record South African maize prices on poultry producers battling depressed selling prices. Read more >>

Redefine International occupancy levels improve
Dipula acquires Gillwell Taxi Retail Park
Fountainhead ready to grow says Kirchmann

Nick Hedley

Taxation & Regulation
Untagged motorists urged to pay e-toll bills
The South African National Roads Agency (SANRAL) says motorists without e-tags should pay their e-toll bills at the earliest opportunity to avoid losing out on their discounts. Read more >>

E-toll texts branded 'unlawful, extortion'
The SA National Roads Agency (Sanral) has come under fire for using "unlawful, extortionist tactics" to force frustrated motorists to pay "exorbitant" e-toll bills. Read more >>

New withholding tax on cross-border services

Graeme Palmer

The Income Tax Act, 1962 was recently amended to provide for a new withholding tax on cross-border service fees. According to the new law, a withholding tax of 15% must be levied on the amount of any service fee that is paid by any person to or for the benefit of any foreign person to the extent that the amount is regarded as having been received by or accrued to the foreign person from a source within South Africa. Read more >>


International

Intel to cut staff in face of stagnant earnings
SAN FRANCISCO, USA: US chip manufacturer Intel said it will trim its workforce by five percent this year as it shifts from personal computers to powering mobile gadgets. Read more >>


More International


Government

Gauteng colour codes ads? With our money?

Rod Baker

NEWSWATCH: Gauteng's use of ANC colours in billboards and posters - supposedly to publicise the administration's work, but using ANC party colours - has raised questions, reports Mail & Guardian. Read more >>


More Government news


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New events to diarise

MobileMoneyExpo 2014 - 12 Feb 2014 to 13 Feb 2014 Lagos
The 4th MobileMoneyExpo delivers two full days of engaging discussions designed to address developments, challenges, opportunities and success stories within the financial inclusion ecosystem around Africa in 2014. Read more >>


Upcoming events

Finance for Non-Financial Managers
CBM Training - 21 Jan 2014 to 13 Mar 2014 Johannesburg,Cape Town,Durban


All industry news


Marketing & Media
[2014 trends] The big trend? Africa is on trend

Oresti Patricios

Invitation to join World Design Capital 2014
Brand innovation is about participation and storytelling

John Cooney

[2014 trends] Nobody cares about sustainability

Thomas Kolster


Medical
Sleep essential for physical, emotional health
Regulation of supplements needed following deaths, doping charge
Glass-ionomers fillings not inferior to silver amalgam

Retail
2014 fashion trends forecast
The future is personalised engagement

Danette Breitenbach

Top five online retail trends for SA

Christy Turner

Consumers braced for inflation to increase

Ntsakisi Maswanganyi


Government
SA continues to negotiate Korkie's release
Minister pushes for reliable road incident data

Nicky Smith


Mining
SA 'ignores' vast Mozambique gasfield

Nicky Smith

African mining, energy offers opportunities for SA construction firms

Nick Hedley

South Sudan oil revenue up despite fighting: Khartoum

CSI
Finding our way together

Dr Francois Bonnici

Forevermark partners with Diamond Empowerment Fund
Legal firm supports Life Matters Foundation

Agriculture
SA dairy industry under pressure
SA helps meet world's thirst for wine
IFAMA 2014 World Forum set for Africa

Arts
Exciting Artscape programme celebrates democracy throughout the year
Jozi Film Festival adds mobile competition
Awards season wide open as #Oscarbuzz picks up

Building
World leaders to attend BUILD Africa Forum
Reduce carbon emissions with green construction
Regional winners of architectural competition announced

Environment
SANParks defends decision to euthanise elephant
Online bid to keep eye on SA rivers

Monica Laganparsad

Energy industry's best to be honoured

HR & Recruitment
Top hiring tips for SMEs

Catherine Wijnberg

Mapping your employee's touch points

Jurgen Vogt

[BizCareers] Handling interviews and first day on the job

Juliette Attwell


Legal
Draft Road Traffic Law Enforcement Code gazetted
Ill-equipped law graduates 'not ready for practice'
Competition Commission appoints new execs

Manufacturing
Sasol commissions plant to boost polyethylene production

Security
Fitch upgrades Denel's rating
Dlamini Zuma calls for South Sudan ceasefire
Great Lakes summit recommits to peace, stability

Education
New online learning deal for SA
Graduate programme to place 24,000 internships in SA
South African MBA Programmes in the Top 200 in the World

Tourism
WTM Africa announces event programme
Legacy Hotel opens in Gabon
Cape Town Tourism joins South African Tourism's India Road Show

ICT
MWEB partners with Fon
Altech to sell its non-core stake in Liquid for US$55m

Maritime
Transnet's Durban port plan earns 'climate-change denialist' gibe

Carol Paton

Cape yachties may weigh anchor
DFF sinks fishermen

Bobby Jordan


Sport
Bafana crash out of CHAN
SA men's hockey coach resigns
Springbok Women prepare for World Cup

Science
Pilot POS selects wiPlatform for mobile third-party integrations

Lifestyle
Ten destinations to add to your Cape Town tours
47 Ronin fails to excite

Charles Siboto

Celebrate Valentine's Day in the park

Automotive
Nissan LEAF global sales reach 100,000 units
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