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South Korea's Samsung Electronics on Tuesday, 6 October 2009, estimated it made a record quarterly operating profit of US$3.5bn in July-September. 6 Oct 2009
CWG auction sales smash records
A record number of buyers at the 25th Nedbank Cape Winemakers Guild broke last year's sales figures by over 5% - despite shorter wine list and recessionary climate. Held in the Stellenbosch winelands over the weekend, the auction brought in R5,2 million rand on the 2009 lineup of wines made exclusively for the auction by members of the Guild. 5 Oct 2009
Trading in liquor contributes R10-billion a year to the country's economy, an indaba in Mpumalanga heard late last week. 5 Oct 2009
Rags to riches
On the border between Botswana and South Africa, Ikopeleng village produces haute couture items using recyclable waste products and will now export these to Germany. Itlhabolole Waste Management, meaning ‘develop yourself' in Setswana, manufactures fashionable ladies bags from sling to shopping, shoes, traditional Tswana clothing, plastic wreaths, dustbins, peg holders, mats and placemats from plastic. 5 Oct 2009
Discovering that of the 1000 job seekers ADT Security interviews every month, the majority do not have the most basic of skills and are therefore unemployable, the company has established the ‘ADT Teach' programme. 5 Oct 2009
Bernie van Niekerk, editor of SmartProcurement and founder of Procurementtips.com, says many South African companies, simply by managing their procurement correctly, could double their net profits. 5 Oct 2009
The third annual SmartSourcing Conference, hosted by SmartProcurement will take place from 10 - 11 November 2009 at Leriba Lodge in Centurion, Gauteng. The title is ‘7 + 1 key strategies and trends for achieving world-class procurement and supply management throughout the next decade within the context of local preferential procurement targets'. 5 Oct 2009
The PlayStation Portable go, (PSPgo) released by Sony Computer Entertainment Europe (SCEE) on 1 October 2009, is offering a free copy of Gran Turismo PSP with every purchase until midnight (GMT) on 10 October. 5 Oct 2009
One of the youngest financial service brands in the market, MiWay, is on track in terms of growth targets as well as premium income projections after 18 months. This has been achieved despite economic pressure and a very competitive local insurance landscape. 5 Oct 2009
South African motorists will be able to breathe a sigh of relief next week - as petrol and paraffin prices are to drop. 2 Oct 2009
Stripey ready for school
Aquafresh announced that Kayla Lemkus was the winner out of 12,000 entries received to ‘Name the Nurdle' competition running throughout this year. Her name ‘Stripey', for the recently created Aquafresh character, will enable the brand to use this colourful messenger in pre-schools throughout Gauteng. 2 Oct 2009
WantItAll goes to Brazil
The online store WantItAll announced its official launch into Brazil on Thursday 1 October 2009. In keeping with the idea of its English name, the Portuguese/Spanish name for the site is CompreUS, meaning ‘buy U.S.' It uses the technology and knowhow, pioneered in South Africa, to allow Brazilians to order whatever they desire from the US off Amazon.com. 2 Oct 2009
Nico Grobler made winemaker at Eikendal
Eikendal Wine Estate, based at the foot of the Cape's Helderberg, has appointed its new winemaker, Nico Grobler - who is anything but a newcomer to the vineyard. 2 Oct 2009
Strategix Business Solutions, an international consulting company, dedicated to provide integrated enterprise resource planning (ERP), customer relationship management (CRM) and supply chain management (SCM) solutions to large and mid-market companies worldwide, has achieved Dell Tier One Partner status, making it one of only six in South Africa. 2 Oct 2009
BRUSSELS, BELGIUM: The European Union has ordered MP3 and mobile phone makers to turn down the volume on their must-have gagdets, warning on the risk of deafness to millions of teenagers. 2 Oct 2009
BRUSSELS, BELGIUM: The European Union's consumer czar warned that iPhones would be taken off the market if national authorities find manufacturing faults lie behind mystery screen explosions. 2 Oct 2009
French luxury group Hermes said on Thursday, 1 October 2009, it had bought a property on London's New Bond Street, a venue for high-end retail shops, for £73 million (€80 million, US$116 million). 2 Oct 2009
Massmart in consumers' interests
Competition will not be eroded, said the competition tribunal as it overturned a recommendation to prohibit Massmart's acquisition of a single cash 'n carry operation, Finro Enterprises in Port Elizabeth. 2 Oct 2009
Two blind tastings in New York saw both James Molesworth of Wine Spectator and Steve Tanzer of the authoritative International Wine Cellar give the 2009 Nedbank Cape Winemakers Guild Auction wines exceptional reviews. 1 Oct 2009
The University of Pretoria and the National Credit Regulator (NCR) have produced a 331-page report entitled The debt counselling process: challenges to consumers and the credit industry in general that spells out the shortcomings in the debt restructuring process and applicable law and identifies the parties responsible for delays or prevention of the process finalisation. 1 Oct 2009
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