Sanral may not be able to pay its debts

Fin24.com says that the South African National Roads Agency Limited (Sanral) may not be able to pay its debts if the toll road system does not go ahead in February as planned. Read more >>

Ace Insurance, First Property Assurances sign partnership

On the back of steady organic growth and a sharp focus on providing service-focused niche insurance solutions, ACE Insurance South Africa has announced a new partnership which it says will provide profitable growth and diversification of revenues. With effect from 1 December 2011, First Property Assurances (FPA) will become an underwriting management agency for ACE in South Africa. Read more >>

Systems development, a strategic priority - Sygnia Systems

Despite the fact that multi-manager technology and administration systems are rarely available on an off-the-shelf basis, few financial services companies have taken the decision to develop such systems in-house. Most operate a patchwork of systems developed for other purposes and twisted to administer multi-manager products. Read more >>

Nationalisation not on the cards right now

A report by Business Live quotes National Planning Minister, Trevor Manuel as saying that nationalisation is not likely to happen in South Africa, even though it will continue to be debated in the years ahead. Read more >>

R320 million approved for DBSA funding

Business Report says the Development Bank of Southern Africa (DBSA) received 2651 applications during the first funding period in terms of the newly created Jobs Fund and has approved projects worth R320 million for grant funding. Read more >>

Moody's has 'negative' outlook for SA

Business Live reports that ratings agency, Moody's has changed South Africa's government debt ratings outlook to 'negative' from 'stable' because of a perception of higher political risks and constrained public finances. Read more >>

Saving as a group

[Nico-Louis Minnie] If you want to start a savings plan, but you lack the motivation, consider starting a savings club. As individuals we tend to find reasons not to save. There is always something that "comes up" that justifies our decision not to put money into our savings. Research has shown that we tend to be far more disciplined if we save as a group. Read more >>

Corporate tax module, the solution for accurate tax returns

CQS has introduced a new module for the widely-used CaseWare Working Papers solution. The Corporate Tax Module automates corporate annual tax returns and submits them straight to the South African Revenue Services' eFiling service. The new module integrates with the financial statements in CaseWare to deliver the advantages of improved speed, accuracy and compliance. Read more >>