11 Sep 2012

Finance, Accounting & Banking

 

Climate change will hit food prices

Perhaps while we have an agricultural sector that allows us to feed ourselves, we should look after it. According to the UN's Food and Agriculture Organisation (FAO), climate change is set to affect food prices severely. And while we complain about high food prices as it is, if we end up having to import most of our food, prices will go through the roof and that Sunday roast - and even a staple like bread - will cost a great deal more.

They're non-lethal, apparently... teargas and the like - but some critics are still concerned that SA sold weapons to Zimbabwe.

On the green front, it seems more and more South Africans are looking to live in 'green' homes. Hence, such homes are scarce as demand rises. The question is: do those seeking to live in such homes know much about what 'green' is, and do they understand the subject adequately. It seems not, on both counts, apparently.

On the back of the furore surrounding Woolworths and its recruitment policy, a lawyer in the field says employers should exercise caution when banning non-designated racial groups. Johan Botes reckons that in certain cases, such exclusions could amount to unfair discrimination.

Rod Baker, content director

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Finance, Accounting & Banking


SARB unveils Mandela banknotes
The South African Reserve Bank has launched a national communication campaign concerning the introduction of the country's new series of banknotes honouring former President Nelson Mandela. Read more >>

CNBC Africa introduces Top Trader
CNBC Africa will on Tuesday, 11 September 2012, introduces its first reality-competition television series, Top Trader. The reality-competition will see eight contestants competing for a cash prize of R250 000. Read more >>

Turn the finance black box into a transparent process
[Roenell van Zyl] Automation holds the key to transforming the reconciliation process, and generating accurate financial reports-fast. For most companies, the transactional portion of the finance process is partially automated via one of the established enterprise resource planning (ERP) platforms. Read more >>

Insurance


Kenyan gov't embraces open source
[Duncan McLeod: @mcleodd] TechCentral wraps up the major technology news from around the African continent. Read more >>

Bharti Airtel to distribute Sanlam insurance products
[Gregory Gondwe: @Kalipochi] Bharti Airtel has partnered with South African financial services group, Sanlam, for the distribution of insurance and health funding products across seven African countries. Read more >>

Accounting and Auditing


Public protector to probe Mbalula flights
Public Protector Thuli Madonsela is to investigate allegations of wasteful spending of R2.6m on flights by Sports Minister Fikile Mbalula and his deputy Gert Oosthuizen, according to reports. Read more >>

Banking


Standard Bank's AA+ rating the highest in SA
Global Credit Ratings (GCR) has affirmed Standard Bank of South Africa Limited's (SBSA) national long- and short-term ratings at AA+ and A1+ respectively, currently the highest credit rating accorded to a bank in the country. Read more >>

Credit Services


Consumers taking much longer to pay off their cars - TransUnion
The average time taken by South African consumers to settle their vehicle finance contracts has almost doubled over the past five years, according to TransUnion Auto Information Solutions. Read more >>

Finance, Accounting and Banking


Male, female credit card habits
Recent research into the spending habits of men and women has revealed different traits. According to the survey, by CreditDonkey.com, 16.5% of men's spending is on restaurants while women's is only 7.8% and men's petrol purchase ranks 37% compared with women's 26.6%. Read more >>

Financial Services


Men and women spend differently by credit card
[Robyn Farrell] It's no secret that men's and women's brains work very differently. And now, a recent consumer survey has found yet another interesting difference between us: our credit card spending habits are also very different. Read more >>

Investment Management


AfricaSIF.org ESG Masterclass 2012 told about sustainable investment in Africa
Africa's institutional investors and sustainable investment experts emphasised the opportunities - and the needs - for sustainable investment in Africa, and the huge role that retirement funds can play. Read more >>

Taxation


SARS hopes Help-You-eFile will cut queues of taxpayers
South African Revenue Service (SARS) branches are being inundated with taxpayers needing help with filing provisional and annual tax returns, despite the technology introduced several years ago allowing remote submissions. Read more >>


Government
Mining discussed at World Bank, govt meeting
Developments in the mining sector as well as South Africa's achievements formed part of World Bank Chief Jim Yong Kim's interaction with the South African government. Read more >>

SA must double number of incubators to support small firms - Davies
South Africa needs to double the number of incubators it currently has to boost support to small businesses, the Minister of Trade and Industry Rob Davies said yesterday. He was announcing details on the country hosting the 37th International Small Business Congress (ISBC) in Sandton later this month. Read more >>

More Government news...


People on the move
  • New appointment at Durban Chamber of Commerce - more info


Jobs offered
Senior Internal Auditor - Johannesburg - North
Read more >>

Trainee Relationship Manager Program - Pretoria/Witbank/Bedfordview
Read more >>


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