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Finance & Insurance

Weekly top stories


Credit lender supports tighter regulation for industry
While the National Credit Amendment Bill faces strong opposition from many credit lenders, a voice from within the burgeoning payday loan industry is emerging in support of stricter regulation. Read more >>


Finance
Virtual trading simulation laboratory launched
The University of Technology, Mauritius (UTM) and Bourse Africa have jointly launched a virtual trading simulation laborotory with the aim of fostering financial talent and further development of Mauritian financial markets. Read more >>

Banking
Hana Bank establishes Korea Desk at Barclays Africa
Barclays Africa and Korea's Hana Bank has signed an agreement to establish a Korea Desk in Johannesburg. The desk will promote business co-operation and investment between Korea and Africa's vibrant sub-Saharan economies. Read more >>

Thriving in your career instead of merely surviving
Financial analysts have predicted that this year is going to be much worse than last year and consumers are bracing themselves for a tough time as food, electricity and fuel costs continue to increase. The good news is that there are strategies to keep your head above water, help you earn more and surge above rising costs. Read more >>

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 >>

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
BizConnect focuses on financial statements
While enthusiasm, commitment and dedicated service are key, entrepreneurs who know where their businesses stand financially are the most successful. They also know that financial statements are the glue that holds any business together. Read more >>

Markets & Investment
Clover Industries earnings up 90% to 77.3c
Branded consumer goods group Clover Industries reported a 90% jump in headline earnings per share to 77.3c for its six months ended December 2013. Read more >>

Data centres‚ cloud services key to MTN Business's growth plan

Thabiso Mochiko

MTN Business‚ is set to open more data centres in key markets where it operates as it rolls out its cloud services and video-conferencing to more markets. Read more >>

Investors should avoid bad news on TV
To avoid making bad investment decisions, people should avoid too much bad news on television. Lara Warburton, managing director of Imara Asset Management South Africa, says ordinary investor-savers change their portfolios too much, incurring costs while missing opportunities. Read more >>

PPC pay move is positive but 'not profound'
Five months after cement group PPC froze top management salaries in order to increase the wages of its lowest earners - a move that has generally been welcomed - analysts say it is too early to assess whether it will have a material effect on labour relations. Read more >>

MAS real estate sees 'tremendous support' for capital raising

Alistair Anderson

AltX-listed MAS Real Estate said its capital raising in February had been "very successful". Read more >>

WeChat revolution speaks to the masses
SHANGHAI, CHINA: When condom maker Durex wants to send an intimate message to customers in China, it uses a homegrown instant messaging platform called WeChat, which has taken the country by storm in just three years. Read more >>

Shoprite expansion plans signal promising growth

Zeenat Moorad

With Africa for the taking‚ retail chain Shoprite Holdings shows a promising growth outlook for the next three years‚ despite not meeting its first-half earnings forecasts‚ global consulting firm Frost & Sullivan said on Monday, 10 March 2014. Read more >>

Super Group buys majority in GWM SA

Mark Allix and David Furlonger

Super Group has bought 50.1% of Great Wall Motors (GWM) SA‚ the South African import and distribution representative of Chinese automotive group GWM. Read more >>

SAB seeks African growth via larger maltings plant

Nick Hedley

The local arm of SABMiller (SAB)‚ South African Breweries' maltings division is looking to supply product to other African countries following its investments to expand capacity‚ according to the unit's general manager Thinus van Schoor. Read more >>

Flexibility key to doing business
Responses to this year's supply chain foresight survey show a growing maturity towards the role of the supply chain in relation to the business, compared with previous years. Read more >>

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 >>

Taxation & Regulation
Medical aid benefits for KZN traditional leaders
Traditional leaders and their immediate dependents will now get medical and pension fund benefits, KwaZulu-Natal Co-operative Governance and Traditional Affairs (Cogta) MEC, Nomusa Dube-Ncube, announced. Read more >>

Employer ordered to pay retirement benefit
The Protea Technology Retirement Fund has been ordered by the Pension Funds Adjudicator to pay a complainant, A Balaes, his retirement benefit which had been withheld on the grounds that he had breached a clause in his contract relating to restraint of trade. Read more >>


International

GM recalls another 1.8m cars amid safety probe
CHICAGO, USA: General Motors announced its second massive recall in two months as it works to contain a growing scandal over the safety of its vehicles. Read more >>

SoftBank woos US, with T-Mobile in view
WASHINGTON, USA: SoftBank, eyeing a tie-up of its US wireless unit Sprint with T-Mobile, stepped up its campaign on Tuesday, claiming it could boost competition for Americans as it did in Japan. Read more >>

Vodafone expands European empire with Ono takeover
LONDON, UK: Vodafone has agreed to buy Spanish cable firm Ono as the British mobile phone company stepped up its expansion in Europe using the proceeds from the sale of its US joint venture stake. Read more >>

Toshiba sues South Korean rival for corporate spying
TOKYO, JAPAN: Japan's Toshiba has slapped South Korean rival SK Hynix with a lawsuit seeking damages claiming that it received sensitive trade secrets from a Japanese engineer. Read more >>

AT&T wins clearance to buy Leap Wireless
WASHINGTON - US regulators conditionally cleared AT&T's US$4bn deal for Leap Wireless, which gives the telecommunications company more spectrum and the Cricket prepaid phone franchise. Read more >>

France's Vivendi favours Numericable in telecoms bidding war
PARIS, FRANCE: French consortium Vivendi said it was entering exclusive negotiations with Numericable to sell the cable operator its telecommunications unit SFR, shrugging aside France's industrial renewal minister's bid to scupper the cable operator's bid. Read more >>

Candy Crush empire worth up to US$7.6bn?
LONDON, UK: King Digital Entertainment, the British developer behind the wildly-addictive mobile game Candy Crush, said that it could be valued at up to US$7.6bn in its eagerly-awaited upcoming flotation. Read more >>

Iliad eyes growing French mobile share after strong 2013
PARIS, FRANCE: Iliad looks set to consolidate its position in the French mobile market after its Free network posted a strong rise in 2013 sales and tipped a transformative deal with competitor Bouygues Telecom. Read more >>

Japan's Sprint owner eyes US telecom price war
WASHINGTON, USA: - The Japanese owner of US mobile carrier Sprint said on Monday, 10 March, that he wanted to launch a "price war" with the two major carriers as he seeks to acquire T-Mobile's US unit. Read more >>


More International


Galleries

Arton Capital launch

More

More galleries  


Government

Rate hike projections overdone: Reserve Bank
Market expectation of a further 200 basis points increase in the repo rate this coming year is overdone, says Reserve Bank Governor Gill Marcus. Read more >>

Government invests in rural economy
President Jacob Zuma says government will continue to invest in the country's rural areas, in order to stimulate local economic growth and to further the social development of people living outside urban areas. Read more >>


More Government news


Jobs offered

Senior Lecturer/Lecturer in Mathematics Education - Cape Town
Stellenbosch University offers an opportunity to candidates with an appropriate PhD degree on a senior lecturer or lecturer level to teach under and postgraduate modules in mathematics education. Read more >>




New events to diarise

Insurance Claims Management Conference 2014
Trade Conferences International - 15 Apr 2014 to 16 Apr 2014 Johannesburg


Upcoming events

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

Gauteng Funding Fair
25 Mar 2014 to 26 Mar 2014 Johannesburg


All industry news


Marketing & Media
    Great curated content not to be underestimated - Natalie Pool
    Barry Roux features strongly in social chatter about Pistorius trial
    Fake it! Durban promo campaign and the false social media profiles

    Medical
      Reviewing safety of Xylitol - Amanda Rogaly
      Busting aesthetic medicine myths - Dr Nerina Wilkinson

      Retail
        New categories for consumer awards
        Franchising contribution to GDP rising - Simone Cooper
        Rwanda ready for retail investment - Danette Breitenbach

        Government
          Mega project to improve Mpumalanga water supply - Siphiwe Nyathi
          New ambulances to improve maternal services
          More political parties to contest 2014 elections - Nthambeleni Gabara

          Mining
            Accutrak prepares for debut at WAMPEX
            Set Point Mozambique at 2014 MMEC
            Merger between mining companies approved

            CSI
              T-Systems empowers the Emalahleni community
              466/64 Fashion supports children's hospital
              ICHAF introduces rural education programme

              Agriculture
                24% of black households involved in agriculture
                Rooibos workers concede defeat - Bekezela Phakathi

                Building
                  GBCSA prepares for 2014 convention

                  GreenBiz
                    OSCAP invites supporters of rhino horn trade
                    Rescued from raging torrents
                    Sanral under fire for destroying rare plants - Bobby Jordan

                    HR & Recruitment
                      Themba Dlamini is BMF's new boss - Evan Pickworth
                      Retrenchment not the end of a career

                      Legal
                        Cliffe Dekker Hofmeyr ranked in twelve practice areas

                        Manufacturing
                          Samsung launches triangular air-conditioners
                          Cape Town's oil from plastics project
                          Dyson launches bagless vacuum cleaner

                          Property
                            Is this the right time to fix your bond interest repayments?
                            Property leases - always better in writing
                            Sentiment the main driver of residential property sales

                            Education
                              Registration opens for 2014 ACT Scholarship Awards
                              Dimension Data rewards top matriculants

                              Tourism
                                Take advantage of the business travel upswing
                                FlightSiteAgent announces new travel products
                                Orient Express rebrands: Crazy... or clever - Brian Berkman

                                ICT
                                  Stop illegitimate mails - save money and increase productivity
                                  Is ADSL a rip-off or not?
                                  Technology trends give way to social trends

                                  Logistics
                                    Driver efficiencies can save SA businesses
                                    SAA takes delivery of new aircraft
                                    Bidvest Panalpina Logistics wins gold

                                    Lifestyle & Entertainment
                                      Full DJ line-up for We Are One Colour Festivals announced
                                      Celebrate "Take a Child to the Theatre Today"
                                      Music to my ears - Eugene Yiga

                                      Automotive
                                        New bikes for Harley-Davidson's 2014 range
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