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Finance & Insurance

Weekly top stories


Content marketing for financial organisations
[Mark Wright] The financial landscape is risky, uncertain, and unfriendly... and just perfect for the launch of your content marketing campaign. Read more >>


Finance
Investment in Africa a must to succeed
Interest in Africa continues to increase as more and more international organisations are opening offices on the continent, more banks are viewing Africa with interest, and stock markets are showing strong performances. Read more >>

Actuarial & Insurance
MMI's headline earnings up 13% to 105.4c a share

Gillian Jones

Insurer MMI Holdings (MMI) grew diluted core headline earnings per share (HEPS) 13% to 105.4c for the six months to December‚ up from 93.6c in the previous period. Read more >>

Banking
Nedbank maintains B-BBEE rating for the fifth year

Issued by Epic Communications

Nedbank continues to be rated amongst the most transformed companies on the Johannesburg Stock Exchange (JSE) under the Codes of Good Practice (DTI codes), having maintained a Level 2 Broad-Based Black Economic Empowerment (B-BBEE) rating for the fifth consecutive year. Read more >>

Financial Services
New iTrade Fantasy League launched
After last year's successful iTrade Fantasy League Facebook app and competition, online trading platform Sanlam iTrade has announced the start of a new league. Read more >>

Agreement aims to assist consumers
The Financial Planning Institute (FPI) and the Financial Services Board (FSB) have signed a Memorandum of Understanding (MoU) to create awareness on the rights and responsibilities of consumers, personal financial management, as well as the overall distribution of financial education, and to give credence to the Financial Services Board Act, 1990. Read more >>

New card payment system for metered taxis
In partnership with iMobilise Transportation Systems, Nedbank has introduced an integrated taximeter and card acceptance solution into 200 metered taxis, using its innovative PocketPOS device to accept fare payment with a credit or debit card. Read more >>

Markets & Investment
Gloom as feeble economy sheds thousands more jobs
The impact of weak economic growth is being increasingly felt as thousands of jobs disappear and employment prospects dissipate. Read more >>

Libya intercepts tanker loaded with rebel oil
BENGHAZI, LIBYA: Libyan authorities said they intercepted a North Korean-flagged tanker, which had loaded crude from a rebel-held eastern port, as the conflict over the country's key petroleum revenues escalated. Read more >>

AVI delivers despite constrained consumers

Nick Hedley

Branded consumer products group AVI grew its earnings 10% in the six months ended December‚ which chief executive Simon Crutchley described as a solid performance in a pretty constrained environment. Read more >>

Aspen's earning up 23% to R46.74
Aspen Pharmacare said normalised diluted headline earnings per share (HEPS) increased 23% to R46.74 for the six months to December‚ led by growth in its international business. Read more >>

MTN earnings up 27.3% to R13.86

Thabiso Mochiko

MTN Group has reported a 27.5% rise in headline earnings per share (HEPS) to R13.86 for the year to December. Read more >>

South African properties lift Growthpoint

Alistair Anderson

Growthpoint Properties‚ the biggest JSE-listed real estate investment trust (Reit) that operates in South Africa‚ managed to grow its distributions 8% to 78.5c per share in the six months to December last year. Read more >>

Ultra-rich are cautious investors
Today's rich are more at home bidding for art, wildlife or wine estates. In September 2013 South African billionaire Johann Rupert was part of a consortium that bought a Cape Buffalo bull for a record R40m. Read more >>

Steinhoff earnings up 41% to 243c

Nick Hedley

Furniture and household goods group Steinhoff International Holdings reported a 39% rise in fully diluted headline earnings per share to 217.9c for its six months to December. Headline earnings were reported up 41% to 243 cents a share Read more >>

Class action seeks paltry R2.1m over bread pricing

Amanda Visser and Mark Allix

A major class action against bread producers found guilty of price fixing and market allocation by the Competition Commission has calculated that the damage to consumers amounted to a mere R2.1m, while the bread producers were fined almost R300m. Read more >>

Taxation & Regulation
NCOP approves Public Administration Bill
The National Council of Provinces (NCOP) has approved the Public Administration Management Bill, which seeks to stop public servants from doing business with the State. Read more >>


International

MtGox faced 150,000 attacks per second says report
TOKYO, JAPAN: Bitcoin exchange MtGox faced a huge hacker offensive last month, coming under some 150,000 denial-of-service attacks per second for several days ahead of its spectacular failure, a report said over the weekend. Read more >>

Bouygues offers to buy Vivendi SFR for €14.5bn
PARIS, FRANCE: Bouygues Telecom on Thursday (6 March) made a €14.5bn offer for Vivendi's SFR unit in a deal that could create a new French telecommunicationss powerhouse amid a wave of consolidation in the sector. Read more >>

Bitcoin exchange CEO found dead in Singapore
SINGAPORE: The 28-year-old American boss of a Bitcoin exchange has been found dead at the base of a Singapore apartment block, police and reports said on Thursday (6 March), in the latest misfortune linked with the troubled virtual currency. Read more >>

Japan eyes Bitcoin regulations, taxes
TOKYO, JAPAN: Japan may slap regulations on Bitcoin including taxing transactions, a report said on Wednesday, 5 March, as the global digital currency suffered another alleged theft that cast doubt on its reliability. Read more >>


More International


Government

SA keen to grow agro-processing sector
Trade and Industry Minister Rob Davies will hold talks with food processing companies to share views on how the agro-processing sector can be expanded to stimulate job creation. Read more >>

Amended unemployment bill presented to Portfolio Committee
South Africa's labour force can expect an improvement in the payment of benefits when the Unemployment Insurance Amendment Bill is signed into law. Read more >>

SA, China discuss peaceful use of nuclear energy
Energy Minister Ben Martins has held talks with Tan Rongyaoto, vice administrator of China's National Energy Commission, to seek ways for China to participate in South Africa's civil nuclear energy projects. Read more >>

Next IPAP version drafted, says Davies
Trade and Industry Minister Dr Rob Davies says a draft of the next iteration of the Industrial Policy Action Plan (IPAP) has been prepared. Read more >>

Agriculture sector grows employment by 65,000
The agricultural sector grew employment by 65,000 between 2009 and December last year, says Economic Development Minister Ebrahim Patel. Read more >>

Govt allocates housing grant for mining towns
Government has allocated R2.7bn towards a grant aimed at addressing housing for mineworkers in identified mining towns. Read more >>


More Government news


Jobs offered

Assistant Financial Accountant - Stellenbosch
Distell Ltd invites applications for the position of assistant financial accountant to perform finance tasks for Joint Ventures managed by Primary Production Finance at Papegaaiberg in Stellenbosch. Read more >>




Upcoming events

Treasury and Risk Management
BizStrat.Intelligent.Business - 18 Mar 2014 to 19 Mar 2014 Johannesburg


All industry news


Marketing & Media
    Celebrating World Design Capital Cape Town 2014
    The future of marketing metrics: Customer equity - Lisa Basson
    SABC launches TV licence campaign
    Four trends to shape the marketing and communications landscape in 2014 - Diane Charton

    Medical
      Self-healing through relaxation - Claudia Klein

      Retail
        Card swipes exceed cash, app uptake grows at FNB
        Local car manufacturers plan for possible strikes - David Furlonger
        Massmart expects better times ahead - Stafford Thomas

        Government
          Govt to address prisoner abuse claims with Moz authorities
          Gender bill approved by National Assembly - Linda Ensor

          Mining
            Conflicting rights to exploit natural resources - Jackwell Feris
            South Africa's demand for coal remains high

            CSI
              MySchool donates computers to West Ridge High
              First bursaries awarded by Regenesys and Microsoft 4Afrika
              Collect-a-Can supports National Library Week

              Agriculture
                New initiative enables Somali farmers to produce food assistance
                FAO, EU help Zimbabwe's farmers expand productivity
                Boeing, SAA and RSB partner to expand biofuel production

                Building
                  Grain silos converted into art museum
                  Abbeycon local winner of Gypsum Trophy competition

                  GreenBiz
                    Solar installation will light up Intaka Island
                    Generation Earth partners with Climate Reality Project
                    Increase in solar energy will contribute to green environment

                    HR & Recruitment
                      The value of vulnerability - Rowan Belchers
                      Employees move on, so plan ahead - Abram Molelemane
                      [BizCareers] What am I doing wrong? - Juliette Attwell
                      Generation gap poses challenges at workplace

                      Legal
                        SASLAW announces the launch of non-profit company
                        Immigration regulations will impede economic growth
                        Power of attorney in South Africa - the shortfalls - Lize de la Harpe

                        Property
                          Protection skewed when it comes to property
                          Know the extra costs involved in buying a home

                          Education
                            Stellenbosch students to present research
                            Towers Watson research study on effective communication and ROI - John French

                            Tourism
                              SA Tourism takes delegation to ABAV
                              The Joburg Travel Festival set for April
                              Responsible tourism magazine launched

                              ICT
                                A new approach to IT infrastructure - Paul Hick
                                Three layers of security: crucial for business
                                Financial services move to the cloud

                                Logistics
                                  DHL harnesses children's minds for The Cape Town Carnival 2014
                                  Tracking technology gives media new angles for the Argus Cycle Tour

                                  Lifestyle & Entertainment
                                    Murder she wrote - Eugene Yiga
                                    SAFTAs nominees announced
                                    It's a wild life for Ross Jack - Ruth Cooper

                                    Automotive
                                      Business Connect by Europcar - moving the SME way
                                      Geely buys electric vehicle manufacturer
                                      Tips to maintain vehicles
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