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| Issued by Bizcommunity.com It's no secret that Bizcommunity's portfolio of industry news sites is fertile ground for career-oriented individuals and business leaders. Unpacking our 2014 recruiter stats explains what this really means to our readers, advertisers and communities as a whole. Read more >>
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| Evan Pickworth Perceptions of widespread bribery and corruption by business executives in SA has climbed from 67% in 2011/12 to 78% currently, raising concerns that executives are battling to manage the effect of crime on their businesses. Read more >>
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| Franny Rabkin Standard Bank has been accused in court papers of recklessly giving loans to companies involved in fraudulent schemes known as "reverse mortgage schemes" in breach of the National Credit Act. Read more >>
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| kulula.com has teamed up with AirPlus International, a global provider of business travel payment solutions for corporations, to enable travel agents booking on the GDS system to use their AirPlus accounts to pay for kulula flights. Read more >>
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| David Furlonger New-car sales in South Africa are likely to fall at least 5% this year as mounting household debt and shrinking disposable income restrict consumers' access to credit. Read more >>
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| South Africa's largest minibus financier, SA Taxi, is looking for opportunities to expand its minibus lending business into other African countries and could direct R100m to its domestic finance project. Read more >>
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| Mark Allix Evraz Highveld Steel & Vanadium's share price has gone from nearly R190 in 2008 to about R6 now and one of the most affected shareholders is Rand Merchant Bank, which has a 7.4% stake, in the company according to ShareData Online. Read more >>
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| Joan Muller The amount of empty office space in Sandton, SA's largest decentralised business hub, has risen to a 10-year high of 14,2%, latest figures from the SA Property Owners Association (Sapoa) show. Read more >>
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| Samuel Mungadze Telkom's fixed-line voice usage revenue continued to fall‚ decreasing 7.6% to R7.934bn in the year to March but its earnings were up 35.1% to 388 cents. Read more >>
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| Small- and medium-size enterprises (SMEs) with international partners have been facing a challenging past six months due to currency swings. Read more >>
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| Platinum producers have announced that an 'in principle' agreement has been reached in the five-month strike over wages. Read more >>
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| Nick Hedley The merger of Octodec Investments and Premium Properties is likely to be credit positive thanks to the benefits of scale and diversification, says Eyal Shevel, Head of the Corporate Sector at Global Credit Ratings (GCR). Read more >>
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| StratLink Africa release market update reportStratLink Africa, a market research and consultancy firm based in Nairobi, Kenya have released a market update report on the following countries: Kenya, Uganda, Tanzania, Ethiopia, Nigeria and Ghana. Download Africa Market Update June 2014 [pdf].
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| Claire Bisseker South African business confidence remained subdued but unchanged in the second quarter of 2014‚ consistent with an economy that is at risk of sliding into a recession. Read more >>
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| Alistair Anderson Equites Property Fund Limited will join the JSE as an office and industrial property manager and developer later this month. Read more >>
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| The Responsible Investment (RI) Reporting Awards 2014 showcases excellence in responsible investment and environmental, social and governance (ESG) reporting and is intended to encourage best practice and transparency by recognising the highest standards in the disclosure of responsible investment activities by asset owners globally. Read more >>
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| Alistair Anderson Rockcastle Global Real Estate Company plans to move to the JSE's main board from its AltX board listing early next month‚ as it looks to grow its exposure to investors. Read more >>
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| Nastascha van Vuuren When a party to a contract defaults on one of their payments, one of the questions that arises is whether the creditor to the transaction is entitled to accelerate payment for the entire amount. Read more >>
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| The creation of the Ministry of Small Business Development will bring a targeted and dedicated focus to the small and medium enterprise (SME) sector in tackling the challenges faced and capitalising on opportunities available towards job creation and economic growth. Read more >>
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| SAN FRANCISCO, USA: Twitter's Chief Operating Officer Ali Rowghani announced he was leaving his post on Thursday, 12 June, amid concerns about sluggish growth at the popular messaging service. Read more >>
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| SINGAPORE: Singapore Telecom, (SingTel) Southeast Asia's biggest telecommunications firm by revenue, said it will buy two mobile advertising companies for a total of $385m to further boost its digital business. Read more >>
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| PARIS, FRANCE: Struggling French telecommunications company Bouygues Telecom said it will cut nearly 20% of its workforce in a move to help it survive in the struggling sector. Read more >>
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| BRUSSELS, BELGIUM: The European Union launched a probe to determine whether the special tax deals offered to Apple and Starbucks by authorities in Ireland, Luxembourg and the Netherlands amount to illegal state aid. Read more >>
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| SAN FRANCISCO, USA: Google announced plans to buy the satellite group Skybox Imaging for $500m, in a move to improve mapping and other services using geospatial data. Read more >>
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| NEW YORK, USA: Botox manufacturer Allergan has rejected, for a third time, a takeover bid from Canadian drugs maker Valeant, claiming the increased offer still substantially under-values the company. Read more >>
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| BANGKOK, THAILAND: Thai telecommunications firm True Corp. has sold an 18% stake in its business to China Mobile for about 28.6bn baht ($880m) under a strategic partnership agreement. Read more >>
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More International
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| The Development Bank of Southern Africa (DBSA) and the City of Tshwane have signed a R1.6 billion long-term loan facility to support the City's capital expenditure programme. Read more >>
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More Government news
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The Firewater Group is looking for a senior bookkeeper to take control of all day to day financial transactions and planning. Read more >>
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