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Weekly top stories


Digital revolution will impact on Africa's banking sector
[Frederic Guillou] In emerging markets, mobile money services have the power to simplify lives and transform them by addressing the unbanked or underserved population in Africa. read more>>



Finance
FNB leaves prime lending rate unchanged
Following the decision by the South African Reserve Bank (SARB) to leave the repo rate unchanged at 5.75%, First National Bank (FNB) has announced that it will maintain its prime lending rate at 9.25%. read more>>
New head of Financial Institution Ratings at GCR
Omega Collocott has been appointed as head of Financial Institution Ratings at Global Credit Ratings Co (GCR) with effect from 1 September 2014. read more>>
Actuarial & Insurance
Arthur Els and Genesis announce merger
Independent South African actuarial firms Arthur Els & Associates (AE&A) and Genesis Actuarial Solutions merged to form ARGEN Actuarial Solutions - two mid-tier specialist companies coming together to create one of the largest independent actuarial firms in Africa. read more>>
Banking
Standard Bank's prime lending rate stays unchanged
Reserve Bank governor, Gill Marcus, announced on 18 September that the repo rate will remain at 5.75%, following a previous 25 basis point increase on 18 July, as inflation continues to accelerate towards the upper limit of the central bank's 3% to 6% target range. read more>>
Financial Services
African Bank's failure affects every citizen

Rob Jeffrey

The dust has not yet settled on the African Bank saga but positive action has now been taken. read more>>
Markets & Investment
Astrapak reports loss of 33 cents a share
Plastic packaging group Astrapak expects to make a headline loss per share of at least 33c for the six months to August after a loss of 1.5c per share in the previous comparable period. read more>>
Pioneer to unbundle its stake in Quantum Foods

Fifi Peters

Pioneer Foods will proceed with plans to unbundle its entire stake in its agricultural business‚ Quantum Foods‚ which will then be listed as a separate entity on the JSE in October. read more>>
Green buildings make economic sense
With rising operating costs and the economic slowdown in SA likely to affect commercial property developments within the next few months, it is an opportune time for developers to explore the business case for green buildings, says Nedbank Corporate Property Finance Gauteng Regional Executive Ken Reynolds. read more>>
MTN bumps up its loan facilities

Samuel Mungadze

Major telecommunications company MTN has dramatically increased its borrowing ability‚ fuelling analysts' speculation that an acquisition may be on the cards. read more>>
Ascendis concludes R50m transaction with WDBIH
Ascendis Health has successfully concluded a R50m BEE transaction with WDB Investment Holdings Proprietary Limited (WDBIH). read more>>
Moneyweb dumps Melrose Arch offices

Nick Hedley

Moneyweb Holdings will move to cheaper offices as part of efforts to cut costs, the listed Caxton unit said while announcing a R2.6m loss for its year ended June. read more>>
Sustainable Development
109th MBSA Conference tackles building a sustainable SA
The 109th annual Master Builders South Africa (MBSA) Conference aims to address subjects such as skills development, growth and job creation within the building and construction industry. read more>>
Taxation & Regulation
Tax consequences on improvements on land under a sub-lease

Graeme Palmer

The South African Revenue Service (SARS) was recently called upon to make a ruling on the income tax consequences for the lessor, lessee and the sub-lessee of land, arising from an obligation on the sub-lessee to effect improvements on the land under a sub-lease in circumstances where no express obligation for improvements was placed on the lessee by the main lease. read more>>
International
Google's Schmidt asks EU to develop digital markets
BRUSSELS, BELGIUM: Google's Chairman Eric Schmidt, whose own firm is embroiled in an anti-trust probe by the European Union urged the bloc to give innovators free rein to deliver the huge economic gains promised by the digital era. read more>>
Bezos in deal to build rocket engines
WASHINGTON, USA: The aerospace company Blue Origin has struck a deal to build a US-made rocket engine that aims to eliminate reliance on Russian engines for American satellite launches. read more>>
Orange seeks to buy Spain's Jazztel for $4.4bn
MADRID, SPAIN: French group Orange launched on Tueday, 16 September, a bid to extend its reach in a Europe-wide telecom turf war with an offer for Spanish fixed-line operator Jazztel. read more>>
More than 10m iPhone 6 units sold last weekend
Larry Ellison changes jobs at Oracle
Samsung's 'phablet' Note 4 on sale from 17 October
Huge demand for iPhone 6 from Chinese buyers
Kim Dotcom fails in New Zealand election
Apple's encryption tool locks out governments
Sony warns it will lose $2.14bn this year
Sky Deutschland against BSkyB offer
Yelp agrees to pay fine for child privacy violations
Media, entertainment starting to profit from digital services
Bosch buys ZF Friedrichshafen
Piracy thrives through Cloud services
Phones 4 U collapses in UK putting jobs on the line
More International
Africa
Western Union Company, Angola Post Office partner for money transfer services
The Western Union Company and the Angola Post Office has announced their collaboration to enable consumers to send and receive local and international payments in minutes from Angola Post Office... read more>>
More Africa
Government
SA seeks transformation of UN Security Council

Chris Bathembu

South Africa has vowed to push for the transformation of the United Nations Security Council (UNSC) ahead of the 69th UN General Assembly debate taking place in New York, this week. read more>>
Repo rate remains at 5.75%
The Reserve Bank unanimously agreed to keep the repo rate unchanged at 5.75% per year, which means the prime lending rate will remain at 9.25% read more>>
UIF claimants drop in the first six months of this year
The number of claimants for unemployment insurance benefits fell in the first half of this year compared with a year earlier, suggesting the economy is not shedding as many jobs as previously thought, Unemployment Insurance Fund (UIF) Head Boas Seruwe said. read more>>
SABC loan paid in full says Faith Muthambi
Denel, Aerosud sign deal with Airbus
DTI to put R1m into helping black filmmakers
Summit to tackle Ekurhuleni housing delivery
More Government news
Jobs offered


New events to diarise
GCI Wealth Tour - Investments & New Retirement Law
GCI Wealth - 8 Oct 2014 to 23 Oct 2014 Deneysville,Durban,Johannesburg,Cape Town,Sedgefield

Upcoming events
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UCT Professional Development Project - 25 Sep 2014 Cape Town

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Branding & Marketing YOU - 30 Sep 2014 Johannesburg

All industry news

Marketing & Media
    'Learning from Cannes Lions' breakfast features Philip Thomas
    Loerie Awards: Part 2 - What happened on the night - Staff Reporter
    Here's why nobody is downloading your app and how to fix this - Andrew Lanning

    Medical
      Dementia Speaking Book to launch on World Alzheimer's Day

      Retail
        Retail robberies continue to climb
        Campaign to donate reading glasses for every purchased pair
        2014 Loerie Award winners - the retail perspective

        Government
          Police have crime under control claims Phiyega
          ICT to reform basic education claims Motshekga
          SA's water crisis in danger of deepening

          CSI
            LexisNexis SA initiates Cycle against Trafficking Challenge
            Queen of Soweto: A book in a dash - Jessica Taylor
            Clover Mama Afrika travels 7,000 kms to give back

            Agriculture
              TV programme calls youth to a career in agriculture

              Building
                Fifteen projects nominated for AfriSam-SAIA Award
                Invitation to submit papers for POWER-GEN Africa
                SA electricity pricing paralysing the poor - Thembie Chehore

                GreenBiz
                  New campaign, new angle to tackle rhino poaching
                  Eco-Logic Award winners announced
                  Climate change: the South African scenario - Sindy Peters

                  HR & Recruitment
                    Startup Knight 2014 launched
                    Seed Academy offers free training for tech entrepreneurs
                    Research reveals what students want from future employers

                    Legal
                      Employment law specialists must offer more proactive services
                      Environmental licences suspended if an appeal is submitted - Sandra Gore, Helen Dagut and Gareth Howard
                      New methods to protect trade marks in cyber space - Alissa Nayanah and Mariëtte du Plessis

                      Manufacturing
                        New rolling stock will develop local manufacturing - Bekezela Phakathi
                        Magnets protect plants and pull extra profits

                        Property
                          Good news for housing market, as repo rate remains stable
                          Why the property market growth is sustainable - Andrew Golding

                          Education
                            ANA assessment week underway
                            Mustadafin Foundation gives Cape Flat's families hope with adult literacy programme
                            Addressing the root cause of unemployment in SA

                            Tourism
                              SA Tourism to open marketing office in Sao Paulo
                              Richmond to host Heritage South Africa's National Symposium
                              Onboard City Sightseeing Johannesburg - Brian Berkman

                              ICT
                                Infor Dynamic Science Labs pioneers new applications
                                SA tech companies can hold their own against the best
                                Protect data availability to comply with POPI - Jos Floor

                                Logistics
                                  FlySafair taking off on 16 October
                                  E-tolls boycott hurts Gautrain's operations
                                  Boeing 737-800 replica to visit schools

                                  Lifestyle & Entertainment
                                    Music and emotion: A soprano on song - Roger Metcalfe
                                    Best of the Fringe
                                    Million Dollar Arm is a winner - Daniel Dercksen

                                    Automotive
                                      Nissan sponsors next year's Africa Nations Cup
                                      New government relations manager at GMSA
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