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| Many people will consider to invest in retirement annuities (RAs) before the end of February 2014, which represents the close of the country's tax year, in order to take advantage of the tax break. However, investors often negate this benefit by paying high investment fees. Read more >>
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| David McWilliam Mid-sized businesses are faced with the same challenges and priorities as their large-enterprise counterparts. These include the need to understand customer behaviour and business performance better, in order to grow the business and drive profitability in a highly competitive environment. Read more >>
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| Financial services group Clientele reported a 21% increase in diluted headline earnings per share to 54.62c for the six months to December from the same time a year earlier. Read more >>
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| Centralising government's tender system will go a long way in rooting out corruption in the public service, President Jacob Zuma said yesterday. Read more >>
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| CIMA, the Chartered Institute of Management Accountants, launched its 2015 Professional Qualification Syllabus simultaneously in Johannesburg, Accra, Gaborone, Harare and Lusaka earlier this week. These events linked guests, representing key business and academia in each country, to the exclusive London launch. Read more >>
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| Local firms are increasingly turning to fleet management specialists to take care of the myriad challenges they face in keeping their vehicles on the road. By outsourcing their fleet management function, companies can free up their management teams to focus on their core business. Read more >>
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| Phakamisa Ndzamela Nedbank's private-equity arm has bought 30% of carbonated soft drinks producer Little Green Beverages for an undisclosed amount and is looking to invest up to R300m in various companies this year. Read more >>
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| Former Reserve Bank governor Tito Mboweni announced that he is standing down as chairman of AngloGold Ashanti. Read more >>
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| Total income generated by the food and beverages sector in SA increased in nominal terms (current prices) by 1.4% year-on-year (y/y) to R4.5bn in December‚ Statistics SA's data showed on Monday (17 February). Read more >>
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| The volume of goods transported (payload) decreased by 1.7% in December compared with the same period in 2012‚ Statistics SA said on Monday (17 February) Read more >>
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| BERLIN, GERMANY: The elderly German son of a Nazi-era art dealer has launched a website with information about an art trove discovered at his home, suspected to contain Nazi-looted works. Read more >>
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| LONDON, UK: Vodafone's Indian division has bought spectrum licences for £1.9bn tapping deeper into emerging markets amid tough trade in Europe. Read more >>
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| South African motor trade sales increased by 2.6% year-on-year (y/y) in nominal terms in December after a 1.3% rise in November‚ data released by Statistics South Africa showed. Read more >>
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| Mining production rose by 12% year-on-year (y/y) in December after a revised 5.2% (5.1%) y/y increase in November‚ according to data released by Statistics SA. Read more >>
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| Joan Muller Black-controlled Rebosis Property Fund and Delta Property Fund have put their respective take-over bids for Ascension Properties on hold to avert a protracted bidding war for Ascension's lucrative R3.2bn portfolio of government-tenanted offices. Read more >>
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| City Lodge Hotels has reported a 14% rise to 330.5c in normalised diluted headline earnings per share for the six months to December. Read more >>
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| Nick Hedley Barloworld's stock has remained resilient this year despite a ratings downgrade by Fitch and share-price weakness among its listed competitors. Read more >>
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| Max Gebhardt Shares in Comair rose more than 10% after the airline said on Tuesday (11 February) that it had decided to pay an interim dividend of 5c a share‚ not something it ordinarily does. Read more >>
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| Industrial group Tiger Brands says turnover from continuing operations for the first quarter of the current financial year amounted to R7.7bn or 10% higher than the corresponding period last year. Read more >>
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| Retail trade sales measured in constant (2012) prices rose by a more than expected 3.5% year-on-year (y/y) in December from a revised 4.4% (4.2%) y/y increase in November‚ figures from Statistics SA showed on Wednesday (12 February). Read more >>
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| Global specialty health and wellness retailer‚ US-based General Nutrition Corporation (GNC)‚ is to launch in SA later this month through an exclusive franchise agreement with the Clicks Group. Read more >>
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| Alarm bells in the unsecured lending sector rang out once again on Wednesday (12 February)‚ this time triggered by a 10% drop in furniture retailer JD Group's share price‚ which slumped to a low last seen in October 2008. Read more >>
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| Colleen Goko The weaker rand poses a looming threat to the drive to encourage South Africans to buy locally produced products‚ say economists. Read more >>
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| Alistair Anderson Property developer Safari Investments‚ which plans to list on the JSE next month‚ aims to come to market with assets valued at about R1.3bn. Read more >>
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| Logistics group Super Group has reported diluted headline earnings per share of 117.1c for the six months to December, up from 92.2c a year ago. Read more >>
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S&P Dow Jones Indices has launched nine new indices covering the South African equity market, headlined by the launch of the S&P South Africa Composite - an index which measures the performance of companies actively traded and listed on the Johannesburg Stock Exchange (JSE). Read more >>
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| Nedbank Capital has acquired a 30% equity stake in Little Green Beverages (LGB). The head of Private Equity at Nedbank Capital, Clive Howell, says they are constantly looking for sound investments in various sectors and believe they have found one in LGB. LGB is one of South Africa's leading independent carbonated soft drink manufacturers. Read more >>
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| In terms of the Listings Requirements of the JSE Limited, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the forthcoming reporting period will differ by at least 20% from the results of the previous corresponding reporting period. Read more >>
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| Ntsakisi Maswanganyi Manufacturing production improved more than expected in December‚ supporting views economic growth would have been higher in the fourth quarter of 2013. Read more >>
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| The South African National Roads Agency Limited (Sanral) will today explain its operations on the Gauteng e-tolled highways, to the Portfolio Committee on Transport. Read more >>
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| Julian Jones & Tobie Jordaan On 10 February 2014, the North Gauteng division of the High Court granted a provisional sequestration order against the estate of the leader of the Economic Freedom Fighters, Julius Malema... Read more >>
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| SAN FRANCISCO , USA: An Israel-based startup specialising in using sounds instead of passwords for logging in said it has been bought by Google. Read more >>
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| SAN FRANCISCO , USA: US videogame hardware sales climbed in January, with Sony's new-generation PlayStation 4 consoles leading the charge, according to figures released on this week. Read more >>
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| TAIPEI, TAIWAN: Taiwan's struggling smartphone manufacturer HTC forecast a first-quarter net loss of up to Tw$3.1bn (US$102.4m) due to weak sales of new flagship products. Read more >>
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More International
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A busy, vibrant and growing event company is looking for a mid-level finance admin manager to create, improve and manage day to day financial administration processing. Read more >>The Department of Mathematical Sciences at Stellenbosch University is seeking a lecturer: applied discrete mathematics to teach undergraduate and postgraduate students. Read more >>The Department of Mathematical Sciences at Stellenbosch University is seeking a senior lecturer/lecturer: applied mathematics to teach undergraduate and postgraduate students. Read more >>Integrated brand services agency requires a financial manager to be based at the head office in Cape Town. Read more >>
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Strategy Boot Camp - 19 Feb 2014 to 6 Mar 2014 Cape Town,Durban,JohannesburgAt last - a course that deals with both the theory and practical application of strategic planning. There is no textbook for the 'real' world. This workshop fills that gap. Read more >> |
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