| 20 Sep 2011 |
Your first weekly newsletter from Bizcommunity.com Finance, Accounting & BankingBizcommunity.com is proud to present you with the first weekly newsletter for Bizcommunity Finance, Accounting & Banking. Bizcommunity has been the number one B2B site in South Africa for Marketing, Media and Retail for the last decade and we are now expanding our offering. With a focus on Finance, Accounting & Banking, anyone wanting to know the who, what, where and why of what's happening in the industry need look no further. How do you stay on top of your industry? 1. Increase your team's knowledge: a well-informed team will consistently achieve more. Invite your friends, colleagues, suppliers, customers and partners to subscribe to this free newsletter. 2. List your company FREE in the business directory. 3. Submit your company news to financenews@bizcommunity.com. 4. Are you an expert in your industry sector? Exclusive contributions may be sent to contributor-finance@bizcommunity.com, together with a short personal profile, low res portrait pic and contact details/social media links (to be included at the end of your article). 5. Other submissions: new business, new appointments, events, jobs offered ads, forum topic, noticeboards and galleries. We trust you will find our newsletter a valuable resource to stay ahead of the pack in the Finance, Accounting & Banking industry. To navigate to our new industry portals, go to www.bizcommunity.com and use the drop-down menu found next to the logo at the top of the homepage. See our other industries here: Agriculture, Arts & Entertainment, Automotive, Environment, Finance, Maritime, Government, Aesthetics & Beauty, Human Resources, IT & Telecoms, Legal, Manufacturing, Science & Technology, Tourism, Logistics, Lifestyle.Sindy Peters, Content development manager
Submit your company news to financenews@bizcommunity.com. Exclusive contributions may be sent to contributor-finance@bizcommunity.com. Top stories
Banking
 There are nearly 30 000 devices paired to FNB's Banking Application, only two months after its launch and the bank expects the figure to continue to rise. The app covers iOS (Apple); Research In Motion (BlackBerry) and Android (Samsung, HTC Motorola etc) operating systems currently and an announcement relating to Nokia Symbian is expected in the forthcoming weeks. Read more >>
Credit Services
 South Africa's most affluent consumers are increasing their levels of personal liquidity and postponing spending on expensive goods according to Business Report. It says that the Absa Private Bank analysis of customer behaviour shows that people are adopting a debt reduction strategy. Read more >>
Finance, Accounting and Banking
[Paul Jooste] There are private and corporate consumer indicators that are currently playing an important role in viewing the health of the South African economy, particularly as to how businesses are faring. Read more >>
Financial Services
 [Geraldine Macpherson] One of the better known estate planning methods of shifting wealth from one generation to the next, free of estate duty, is the use of the section 4A abatement, as provided for in the Estate Duty Act. Essentially, the planner leaves the amount of R3.5 million to someone other than his spouse - for example, to his children directly, to an inter vivos trust or, possibly, to a testamentary trust. Read more >>
 [Tendani Mantshimuli] The South African Reserve Bank Monetary Policy Committee (MPC) met in July to discuss the economic data available to them in order to make an interest rate decision. The bank decided to leave rates unchanged with the repo rate at 5.5% and the prime overdraft rate at 9.00%. Read more >>
Investment Management
South African CFOs indicate that they are looking to further growth in their strategies going forward, according to the 2011 Deloitte CFO Survey, yet they remain cautious in the midst of an uncertain economic environment. Read more >>
Taxation
The Departments of Education and Health have paid more than R2-billion to sub-standard contractors who were awarded tenders but were unable to deliver quality work on time, according to Times Live. Read more >>
Agriculture, Horticulture & Forestry
PRETORIA: The South African government has approved the publication of a draft of the Plant Breeders' Rights Amendment Bill and is now available for public comment. Read more >>
Production
 The Film and Publication Board (FPB) and the department of home affairs recently screened the film 'Trust', which illustrates the potential dangers of children accessing the internet and interacting with others through social media. Read more >>
Administration
 Finance Minister Pravin Gordhan has urged municipalities to forget the frills like Mercedes Benzes and to stick to the basics like service delivery. He was briefing journalists in Cape Town on the newly released Local Government Budgets and Spending Review for 2011. Read more >>
Transport
The controversial R10-billion Winelands toll road in the Western Cape will go ahead despite widespread objections to its development. The City of Cape Town - which has already declared an inter-governmental dispute with the Transport Ministry - says that litigation may be the only way to prevent the toll road. Read more >>
This exciting opportunity will require a dedicated financial accountant to assist the financial manager: Capespan Farms with managing the financial function of Applethwaite Farm. Read more >>
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