10 Jan 2012

Finance, Accounting & Banking

 

2012 is going to be a GOOD year!

There's a great deal happening in all sectors of the economy, and we at Bizcommunity.com intend bringing to you as much of the news as we can throughout 2012, across all sectors.

We have already launched the first of our new verticals and now we plan to get busy enlarging our team and launching even more verticals in due course. We will also, as we build our team and capabilities, look at increasing the frequency of our newsletters - let's face it, some news just cannot wait!

To you, our subscribers, thank you for your support in the past and we look forward to your support in the future.

Don't forget, we encourage comment on the articles we publish. Naturally, we hope most of the comments will be bouquets, but send us your feedback regarding our material, even if you feel you want to give us a brickbat.

In the meantime, all the best for 2012: may you achieve every success.

Rod Baker, general manager: content

Submit your company news to financenews@bizcommunity.com. Exclusive contributions may be sent to contributors-finance@bizcommunity.com.

Top stories


Editorial news

Finance, Accounting & Banking


Financial Planning Institute to implement new strategy in 2012
The board of directors of the Financial Planning Institute of Southern Africa (FPI) have concluded a few months of strategy review work with exciting changes being set for implementation in 2012. Read more >>

Banking


Struggling economy may restrict bank fee increases
Weak economic growth and low consumer confidence may mean lower bank charge increases for some bank customers next year. Read more >>

Credit Services


Eastman Kodak to file for bankruptcy
Iconic film and camera company, Eastman Kodak, is to file for bankruptcy protection according to The Wall Street Journal unless it is able to sell its collection of digital patents. Read more >>

Understanding debt law
Once consumers have overspent and cannot afford to pay back the monies, ugly little 'additional costs' begin creeping their way into an already unhealthy negative number, such as interest, fees and charges. What the 'In Duplum rule' does is protects consumers and essentially caps the interest figure once it reaches the same amount as the actual money that is owed. Read more >>

Finance, Accounting and Banking


Treasury has cash pile of R190bn
Business Live reports that the National Treasury received an injection of R30-billion to boost its cash balance to almost R190bn in December 2011. Read more >>

Of 'mountain goats' and productivity
[Paddy Hartdegen] Ask any Gautenger (or 'Vaalie) about Cape Town and they'll talk about those 'mountain goats who live a laid-back lifestyle'. They'll enviously talk about how, in Cape Town, work only starts at nine and last just a couple of hours before the 'workers' nip off for crudités dipped into an outlandish fynbos dressing for lunch, accompanied by herbed, non-alcoholic wine and finished off with rooibos cappuccino. Read more >>

Marginal drop in confidence among business leaders
According to the South African Chamber of Commerce and Industry's (SACCI) Business Confidence Index and Business Live reports, business confidence has dropped marginally and the index has fallen from 97,5 in October to 97,4 in November. Read more >>

Investment Banking


FNB sees flat commercial property market in 2012
The signs of economic weakness and rising vacancies point to a flat commercial property market in 2012. Read more >>

Taxation


Make sure your backup solution works for you
[Fred Mitchell] In today's digital age, regulations around data retention are becoming of increasing concern to businesses of all sizes across industry sectors. While the duration of requirements for retention may vary from industry to industry, the South African Revenue Service requires that documents be kept for a minimum of five years for tax and auditing purposes, which means that often large amounts of digital data must be archived for at least this minimum prescribed period. Read more >>


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