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Weekly top stories


SARS 'rogue agency' claims may not be far-fetched
[Mzilikazi Wa Africa, Piet Rampedi] Former special forces operative Mike Peega's dossier claiming that SARS ran a rogue unit targeting politicians and businessmen close to Zuma in 2007 was easily discredited at the time. read more>>



Finance
Cross-border M&A deals give access to new customers
Africa's share of global mergers and acquisitions (M&A) has risen in the past year as global and African companies alike seek access to customers and natural resources, reveals a new survey by global law firm Baker & McKenzie. read more>>
Forum will focus on financing for Africa's transformation
The biannual African Development Forum will be held in Marrakech, Morocco, from 12-16 October 2014 under the theme 'Innovative financing for Africa's transformation'. read more>>
Appointment of new Reserve Bank head welcomed
The appointment of Lesetja Kganyago as new governor of the South African Reserve Bank (SARB) has been welcomed by Old Mutual Weath. read more>>
Banking
African Bank's Nalliah to retire early

Evan Pickworth

African Bank's (ABL) acting Chief Executive Nithia Nalliah has received approval from the board of the embattled unsecured lender‚ which is currently under curatorship‚ to retire early. read more>>
Commercial Law
Shuttleworth did not need to pay levy on monies
In a far-reaching judgment, the Supreme Court of Appeal (SCA) held on 1 October 2014 that Mark Shuttleworth could have repatriated his funds out of South Africa without the imposition of a 10% exit levy that was imposed by the South African Reserve Bank (SARB) at that stage. read more>>
Financial Services
Investec announces winners of 2014 Junior Innovators competition
A "Heating Kettle Bottle" - a battery-powered kettle and water bottle - has taken the winning title in the third annual Junior Innovators competition hosted at Investec in Sandown earlier this week. read more>>
Markets & Investment
Atlantic Leaf seeks more funds for portfolio

Nick Hedley

Atlantic Leaf Properties intends to raise more funds over the next few months as it looks to build on its fledgling property portfolio. read more>>
Growthpoint's talks with Acucap at advanced stage

Alistair Anderson

The plan by Growthpoint‚ the JSE's largest property group by market value‚ to buy Acucap Properties‚ is on track‚ with the companies announcing that takeover talks were at an advanced stage. read more>>
Mining, manufacturing remain marooned

Claire Bisseker

Dismal data‚ showing that both mining and manufacturing output contracted on an annual basis in August‚ highlight the continued vulnerability of SA's productive sectors. read more>>
Understanding macro-economics key to successful investing

Alex Funk

It comes as no surprise to learn that the majority of investors tend to be focused on the performance of funds when choosing to invest. read more>>
JSE lists three new African currency futures
The Johannesburg Stock Exchange (JSE) this week listed three new currency futures contracts which track the exchange rate between the rand and the Zambian kwacha, Kenyan shilling and Nigerian naira. read more>>
Super Group buys UK motor dealer Allen Ford for R606m
Fleet management company Super Group says it has bought the UK's second-largest Ford motor dealer‚ Allen Ford‚ for R606m. read more>>
Gauteng commissions township economy study
The Gauteng Provincial Government will commission a baseline study on the township economy to understand its size, spread and strength as well as innovative ways of measuring its social and economic importance. read more>>
LED lamp wins Nobel Physics prize for Japanese trio
STOCKHOLM, SWEDEN: Three Japanese-born researchers won the Nobel Prize for Physics for inventing the LED lamp, a boon in fighting global warming and aiding people in poverty. read more>>
Dividends important for superior long-term investment results

Rynel Moodley

Wool prices higher as shortage rises
Ellies shares fall 20% to R1.13

Fifi Peters

Exotix appoints lead of equities market
Taxation & Regulation
Regulations on tax free savings accounts soon expected

David Warneke

In the 2013 budget speech the Minister of Finance proposed the introduction of tax free savings accounts. read more>>
Emission control legislation will require large capital expenditure
New analysis from Frost & Sullivan has found that companies across various industries will apply for exemption from the first round of emission control, coming into effect in 2015. read more>>
International
GTAT wants court to cancel Apple's sapphire contract
SAN FRANCISCO, USA: A supplier enlisted to make sapphire screens for Apple mobile devices has asked a bankruptcy court to free it from contracts that it branded "oppressive and burdensome." read more>>
Google sees Amazon as its biggest competition
BERLIN, GERMANY: Google boss Eric Schmidt said his company's biggest competition as a search engine came from e-commerce company Amazon, and not from other search engines. read more>>
Nadella gaffe over pay raises women's ire
WASHINGTON, USA: Microsoft chief executive Satya Nadella's gaffe over women, pay raises comes as the US technology sector is facing up to questions over diversity and gender equality. read more>>
Apple, Google brands worth $100bn each
PARIS, FRANCE: The US Apple and Google brands which have become household names around the world are worth more than $100bn each, and top a ranking of the world's biggest brands, consultancy Interbrand said. read more>>
AT&T must pay $105m for unauthorised charges
German book publishers 'not scared' of Amazon
Amazon facing EU probe over tax deals
More International
Government
DTI seeks to prosecute illegal verification agents
The Department of Trade and Industry (DTI) has embarked on Operation Khusela to clamp down on illegal verification agents who issue fraudulent BEE and company registration certificates. read more>>
Ocean economy plans to be released this week
President Jacob Zuma will release the results of work done to explore the potential of the country's ocean economy at the first Operation Phakisa open day in Durban this week. read more>>
Ebola: West Africa needs more help

More Matshediso

The Liberian Ambassador to South Africa, Lois Brutus, says various non-governmental organisations and governments from all over the world have been supporting efforts to fight the diseases since Ebola Virus Disease (EVD) broke out in West Africa. read more>>
Mall payment kiosks for Ekurhuleni residents
Government upgrades for mining settlements
Gordhan threatens municipal managers
Transparency, accountability sought by PSC
Prasa flouted its own rules says A-G
R1bn set aside for township economies
Dube TradePort is now an industrial development zone
Incompetent CFOs should be fired says Dube-Ncube
More Government news
People on the move
  • WellsFaber appointments Carol Axten as CEO - more info

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New events to diarise
Exchange control and money transfer summit
Mogorosi Communications Consultancy - 30 Oct 2014 to 31 Oct 2014 Johannesburg

Upcoming events
6th Annual BPM Conference
Intelligence Transfer Centre - 15 Oct 2014 to 16 Oct 2014 Johannesburg

2014 SAICA Executive Leaders in Finance
SAICA - 15 Oct 2014 to 16 Oct 2014 Johannesburg

One hour demonstration with Johan Marais
Directxec - 16 Oct 2014 Pretoria

Prevention and detection of procurement fraud
Continuing Education at the University of Pretoria - 20 Oct 2014 to 24 Oct 2014 Pretoria

All industry news

Marketing & Media
    Future of brand marketing up for debate at Brand Week
    Online copy of the Cannes report 2014 now available
    Vodacom launches newest pop culture music streaming app

    Medical
      Hunger Games: How the brain 'browns' fat to aid weight loss - Karen N. Peart
      More bone marrow donors needed in SA

      Retail
        Fashion Week Africa unveils designer line-up
        Creating memorable experiences in-store through digital - Craig Perry
        Caution needed with online purchasing as Christmas approaches - Richard Keymer

        Government
          SADC observers will monitor Botswana elections - Nthambeleni Gabara

          CSI
            It's Your Turn to fill a "Feed Me Bag"
            Good Hope FM opens Santa Shoebox pop-up

            Agriculture
              Sea Harvest launches new R125m trawler

              Building
                Guidance note on BIM released

                GreenBiz
                  Six arrests made in Kruger National Park
                  Blue Flag status awarded to a record 82 sites

                  HR & Recruitment
                    Resigning without a new job is not always a bad idea - Niteske Marshall
                    Shell, Raizcorp launch revised LiveWire programme
                    Creating a work environment that improves wellbeing

                    Legal
                      Lawyer returns from China-Africa exchange programme
                      Private healthcare stakeholders to make submissions - Neil Kirby
                      Shuttleworth judgment requires more detailed analysis - Ashlin Perumall and Shmuel Moch

                      Property
                        'Copy and paste' won't work in African retail landscape
                        Redefine offers learnership programme for listed property sector

                        Education
                          EduPlant announces competition winners
                          UCT's Medical School is best in Africa
                          How to choose an essay writing service - Charles Mburugu

                          Tourism
                            Hotel Verde goes global
                            Park Inn by Radisson Cape Town Newlands launched
                            Redefining travel agents' valuable role in 21st century

                            ICT
                              A new marketing era? - Jessie Rudd
                              Oracle addresses IT skills shortage in Africa
                              Always-on enterprise class storage is key - Kalvin Subbadu

                              Lifestyle & Entertainment
                                Shimmy Beach Club announces new Summer Season menu
                                2014/2015 Kirstenbosch Summer Sunset Concert line-up
                                [Babylonstoren] A new kind of country getaway - Jessica Taylor

                                Automotive
                                  Kia Optima Hybrid wins four Plus X awards
                                  First Car Rental expands African footprint
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