Venezuelan President Hugo Chavez says the Petroleum, Oil and Gas Corporation of South Africa (PetroSA) should begin exploiting his country's oil reserves, which are the largest in the world. 3 Sep 2008
The downturn in economic conditions is forcing numerous businesses to close, claiming insolvency. However, there are various implications to the Insolvency Act of which owners trying to sell their businesses are unaware, including the fact that failure to adhere to section clauses may render the sale invalid. Simphiwe Maphumulo of the law firm Garlicke & Bousfield Inc explains. 3 Sep 2008
Strange things have been happening in oil markets of late, leading to massive hikes in fuel prices in countries around the world, including South Africa. And even though our fuel price has just dropped, the future still looks ‘interesting'. 3 Sep 2008
Food and furniture retailer Shoprite has vowed to push ahead with its expansion into Africa. 3 Sep 2008
TOKYO: Japan's Onward Holdings Corp. has agreed to buy German luxury fashion label Jil Sander for €167 million ($243 million) in a bid to expand globally, a company spokesman said Tuesday. 3 Sep 2008
USA: New Payment Card Industry (PCI) regulations are just around the corner, and retailers dealing with credit cards will need to tighten up their standards in order to comply. For instance, your firewall performance will be reviewed more often, and you'll have to use anti-virus protection even on non-Windows platforms. Also, if you're still using WEP encryption, better get ready to chuck that and move to something better ASAP. 3 Sep 2008
So far, no mobile phone company has been able to make subscribers dance to its tune with a wildly popular, downloadable-to-handset music service. Yet Nokia, the world's biggest maker of mobile phones, still wants in on the action, so it's announcing that the first handset preloaded with its Comes with Music service will be sold in the United Kingdom in October. 3 Sep 2008
Sony is attempting to gain some ground on the Nintendo DS with a PSP upgrade that includes a built-in microphone that can be used, among other things, to make phone calls. Whether that new functionality - as well as a better display and more storage - will be enough is questionable. If any audience is likely to be receptive, though, tech-savvy Japanese gamers would likely top the list. 3 Sep 2008
Anisa Ami Mpungwe is South Africa's newest designer to watch, having walked away with top honours at the Elle New Talent Awards recently. 2 Sep 2008
South African Reserve Bank Governor Tito Mboweni will complete his current term of office which ends in August next year and will stay on if the new government asks him to continue in his position. 2 Sep 2008
South African supermarket group Shoprite Holdings on Tuesday reported a 54.1% increase in diluted headline earnings per share to 298.6 cents for the year ended June 2008 from 193.8 cents a year ago. 2 Sep 2008
South African-based retailer Shoprite is confident that its African operations will maintain their strong growth rate. 2 Sep 2008
Yellow Zebra Optical, in association with Fashion TV South Africa, is going on tour this September for the launch of the latest Police, Escada, Givenchy and Jean Paul Gaultier eyewear ranges. 2 Sep 2008
USA: The hottest gadgets of today will look old and tired a year from now. Sellers of mobile handsets, smartphones, MP3 players, gaming consoles, camcorders, digital cameras and laptops constantly push the latest and greatest technology, leaving yesterday's choice items in the dust. 2 Sep 2008
Researchers expect that post-Olympic slump will see reallocation of manufacturing IT budgets. Are there lessons for South Africa and post-2010? The World Cup is not the Olympics, but it is a huge event - can we too, expect a downturn? After all, other countries have also seen downturns after hosting the Olympics. 2 Sep 2008
Metcash, one of the largest distributors of consumer goods on the African continent operating in six African countries, has also become a major player in South Africa's corporate social investment landscape. The company's Shona Khona (“Go Get It”) youth sports initiative is aimed at providing life changing opportunities to South African youngsters. 2 Sep 2008
The Internet has given consumers a powerful voice to level their complaints when a company does them wrong, and the firm that's unresponsive may have to deal with bad - and potentially very costly - publicity as a result. The sword can cut both ways, though. Complaining customers may face legal risks too, if they're not careful to distinguish opinion from fact. 2 Sep 2008
Tawny Reynolds, a final-year student at the Cape Town College of Fashion Design, has been named the Foschini Annual Design (FAD) Awards' star designer for 2008. The awards evening, which took place on Thursday, 21 August 2008 at the Mandela-Rhodes Place in Cape Town, attracted the “who's who” of the fashion industry such as Gabi Rosenwerth and Doreen Southwood, both of whom were showing at the Virgin Mobile Cape Town Fashion Week. 1 Sep 2008
Consumer product companies must adopt appropriate technologies to help sustain a competitive edge in the market place. 1 Sep 2008
The South African Commercial Catering and Allied Workers Union (Saccawu) will meet soon to decide what further action to take to press retailer Pick n Pay to up its pay offer. 1 Sep 2008
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