4 Oct 2011

Finance, Accounting & Banking

 

Be big on Biz Finance, Accounting & Banking: from opinion pieces to news

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Top stories


Editorial news

Finance, Accounting & Banking


R2-trillion needed to keep SA running
[Paddy Hartdegen] The Development Bank of South Africa says that South Africa will spend almost R2-trillion over the next five years on meeting the country's social, enabling and economic infrastructure requirements. Read more >>


NFC to be included in most phones
The Near Field Communication payment technology is to be included in most new cellular phone models and this will have an impact on how people pay for the goods they purchase, according to Herman Singh, chief executive of the Standard Bank's Beyond Payments division. Read more >>


Banking


FirstRand look to Africa, Asia
FirstRand banking group is looking for opportunities in Africa and India to expand its business but, has ruled out any acquisitions in South Africa, relying instead on organic growth. Read more >>


Credit Services


Increased credit activity reported
Nomsa Motshegare, acting CEO of the National Credit Regulator, has said that the credit bureau statistics reported for the quarter that ended in June 2011 indicate an increase in credit activity. The National Credit Regulator (NCR) regulates and monitors registered credit bureaux and the quality of their data. Read more >>


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Compuscan and ScoreSharp merge
The credit bureau Compuscan and credit risk-management consultancy ScoreSharp have entered into a definitive merger agreement, which will result in ScoreSharp forming part of the Compuscan Group. Read more >>


Financial Services


Standard confirms Konkola loan
Standard Bank is to provide bridging finance of $500-million to Konkola Copper Mines and will underwrite an additional $700-million that will be used to finance expansion plans at the Zambian copper mine. Read more >>


New legislation demands more transparency of finances
Regulatory authorities around the world have been pursuing the enhancement of business and financial reporting for a number of years, including mandating public companies to disclose financial information in an interactive data format. Read more >>


Investment Management


DBSA and Chinese bank sign investment deal
China has agreed to invest R19,5-billion in South Africa after an agreement was reached between the Development Bank of Southern Africa and the China Development Bank. Read more >>



All industry news

Environmental Management


Park, the size of Sweden, to straddle five countries
A huge new transfrontier park that will stretch from Angola in the west to Zimbabwe in the east - and estimated to be 15 times larger than the Serengeti in Tanzania - is being planned for Africa. Read more >>


Human Resources & Recruitment


Workers get R500 000 windfall
Workers who have been with Kumba for five years or more will get a R500 000 bonus in December as part of a generous employee share option scheme that will see the company paying out more than R2,5-billion to its employees. Read more >>


Retailers


Pick n Pay opens in Mauritius
Pick n Pay, late last week, announced the opening of latest addition to its expanding African footprint - its first Mauritian store in Bagatelle's Mall. The company will open a further two stores in Mauritius in the next year. Read more >>


Women's health


Women must 'invest in their health'
PRETORIA: With October being International Breast Cancer Awareness Month, the Cancer Association of South Africa (CANSA) is encouraging all women to invest in their health by learning how to detect various female cancers early. Read more >>



Jobs offered
Offshore Investment Advisor - Mozambique/Zambia/Uganda
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New people on biz

Amanda Fromont
Payroll Consultant at Anco Payroll Solutions
DION ADONIS
Financial Manager at STANGER FOOD ENTERPRISES
Thanyani Nephawe
financial advisor at Old Mutual
Tony Abaye
Head of Communications at ValuCard Nigeria Limited
Fern Simons
Owner / Manager at BANKwalker


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