| 30 Apr 2013 |
| Finance & Insurance |
Finance & Insurance, Accounting & Auditing, Banking, Credit Services, Finance, Accounting & Banking, Financial Services, Insurance, Investment Banking, Investment Management, Taxation, Venture Capital
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Weekly top stories The 2013 RepTrak Pulse survey has released the names of the top 20 JSE companies in South Africa in reputation. Read more >> |
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 fastjet, Africa's low-cost airline, today announced the signing of a Memorandum of Understanding with local South African investment company Blockbuster, with the objective of fastjet operating services in South Africa by the end of May 2013. Read more >> |
 [Mike van Alphen] Throughout my 44-year career in banking and finance, I have, from time to time, been faced with the tragic plight of a new widow / widower finding that she / he is expected to continue to keep up with the monthly bond repayments on a home - but now that their is dead, they no longer have the income to do this. Read more >> |
 [Linda Ensor] State-run SA Express suffered a R187m after-tax loss in 2010-11‚ twice as much as the previous year according to its annual report tabled in Parliament last week after a delay of about 18 months caused by the airline's efforts to sort out its accounts. Read more >> |
 A degree in commerce once held the key to a successful career in business. But two years after graduating with a BCom in financial risk management from Unisa, Nkola Kabamba can still not find a job. Read more >> |
 The PetroSA board has commissioned a review of audits into spending‚ the parastatal said last week. Read more >> |
 A group of 66,000 pensioners have instituted a civil claim to recover about R79bn they claim Transnet plundered from their pension funds, according to Sunday's (28 April) Rapport. Read more >> |
The 2013 RepTrak Pulse survey has released the names of the top 20 JSE companies in South Africa in reputation. Read more >> |
Western Union, a global payment service, and KCB Group, East Africa's indigenous bank, announced the launch of Account Based Money Transfer service (ABMT) for its customers in Kenya and the region allowing them to receive and send money from more than 200 countries around the world. Read more >> |
 Kenya's first and largest Islamic bank Gulf African Bank, has signed a KSh100 million agreement with the African Guarantee Fund to support lending to Small and Medium-sized Enterprises in the country. Read more >> |
 [Boitumelo Mothoagae] Most people go through life reacting to their financial needs rather than planning for them. This means that they are always playing catch up and, in most instances, find that they have to go into debt just to get by. By having a financial plan that adapts with your needs you will remain in control of your money and your destiny. Read more >> |
 [Nick Hedley] Redefine Properties International‚ the holding company of London-listed Redefine International plc‚ could now look forward to growth after a period focused on debt restructuring‚ according to Redefine International's chief executive Mike Watters. Read more >> |
 Seardel Investment Corporation that it expects its headline earnings for the year to March to be between two cents and six cents are share. This is a sharp drop from the 20,86c a share in headline earnings a year ago. Read more >> |
 The suggestion that chief executives of construction companies should sign a contract to make them personally liable in cases of collusion has been slated by the industry as a step too far. Read more >> |
 British American Tobacco's (BAT) revenue for the three months ended March‚ at constant rates of exchange‚ grew by 5%‚ driven by a strong pricing environment. Read more >> |
 [Nick Hedley] Property loan stock company Premium Properties reported distribution growth of 9% to 126.2c per linked unit for the year to February. Read more >> |
 [Zeenat Moorad] Despite constrained consumer spending and relatively low selling price inflation‚ Clicks has strengthened its competitive position and gained market share in all of its core health and beauty markets‚ chief executive David Kneale said on Thursday (25 April). Read more >> |
 Mobile phone operator MTN has increased its subscriber numbers by 3.2% in the first quarter 2013 and now has 195.4m users of its service in 22 countries across Africa and the Middle East. Read more >> |
 [Nick Hedley] The local commercial property market continues to offer value for potential investors compared with the money and capital markets‚ according to Business Partners executive director Gerrie van Biljon. Read more >> |
 In line with its growth strategy‚ Tsogo Sun has announced an investment of US$100m to be used to expand the group's hotel network in Africa. Read more >> |
 The Ekurhuleni metropolitan council is hoping the Airports Cities world conference currently under way in Kempton Park will lessen the burden of unemployment, homelessness and poverty in the region. Read more >> |
ABN Productions successfully hosted 'Investment Africa Nigeria', which took place at the Radisson Blu Anchorage Hotel in Lagos on 17 April 2013. The event saw captains of industry throughout Nigeria in attendance. Read more >> |
 [Nick Hedley] A favourable and expected decision by the JSE means it is business as usual for Redefine Properties and Fountainhead Property Trust‚ according to Redefine's chief executive Marc Wainer. Read more >> |
 Pick n Pay has reported a 21.7% drop in diluted headline earnings per share to 109.61c despite a 7.1% rise in turnover to R59.3bn. Dividends fell by 35.8% to just 84 cents a share. Read more >> |
 NEW YORK, USA: Apple on Monday (29 April) moved towards its first-ever debt issue, filing documents describing plans for bond sales, which would be used to pay dividends in an effort to stem the slide in its share price. Read more >> |
NEW YORK, US: US media magnate Rupert Murdoch will get a 15% pay hike with the split-up of News Corp. into two publicly traded companies, according to a company filing published Friday. Read more >> |
 STOCKHOLM, SWEDEN: Swedish heavy truck and construction equipment manufacturer Volvo last week reported a quarterly loss as sales plummeted to their lowest since the start of Europe's financial crisis. Read more >> |
 TOKYO, JAPAN: Japanese car manufacturer Honda said last week its net profit for the year to March rose by 73.6% to US$3.7bn, thanks to robust overseas sales, a weaker yen and various cost-cutting measures. Read more >> |
 NAIROBI, KENYA: Six months ago, Jane Adhiambo Achieng asked a local Kenyan bank to lend her US$250 to expand her small grocery business. Read more >> |
 SAN FRANCISCO, USA: Apple reported on Tuesday (23 April) that its quarterly profit dipped for the first time in nearly a decade as it squeezed less money from the competitive smartphone and tablet markets. Read more >> |
 NEW YORK, USA: Consumer goods company Procter & Gamble reported on Wednesday (24 April) that its quarterly earnings topped market forecasts as its net income rose to US$2.56bn in the third quarter of the year. Read more >> |
 THE HAGUE, THE NETHERLANDS: More than 10m Dutch citizens were unable to use their official online signature to pay bills and taxes because of a cyber-attack, officials said on Wednesday (24 April). Read more >> |
 NEW YORK, USA: Chrysler reported on Monday (29 April) that its profits had fallen by 65% in the first quarter. It blames the weak performance on poor sales in Europe and a number of new product launches. Read more >> |
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