| 11 Jun 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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Fraudsters named and shamed, but... It's all very well for Justice and Constitutional Development Minister Jeff Radebe to tell us that the naming and shaming of a list of convicts shows government's commitment in fighting fraud and corruption. However, there are many of us out there who would like to see a few people higher up, so to speak, not only go to court and answer charges, but also be named and shamed if found guilty. We have a massive unemployment problem in this country, right? But the ANC is hell-bent on banning labour brokers. Now Busa has warned that if the government goes ahead and bans brokers, unemployment will rise. It's a faint hope, however, that those bent on banning brokers, will listen. Is your company culture putting you at greater risk of fraud? asks Kevin Phillips. Read this article, take note, and then see where your company might be lacking in prevention measures; it could be the most useful read you have had in some time. He's big, wild and lovable himself, so he should know... Henrie Geyser, our motoring editor, says that the new Chrysler SRT8 is a big, wild, lovable animal. And finally... Hey Bro...Do you want to go like a pro... you know... win an awesome GoPro camera and accessories worth over R6,000. It's so simple... just create or update your MyBiz Profile on Bizcommunity and stand a chance to WIN. Rod Baker, Content Director
Submit your company news to financenews@bizcommunity.com. Exclusive contributions may be sent to contributors-finance@bizcommunity.com. Weekly top stories | The minister of Finance, Mr Pravin Gordhan, has appointed a new eight-member board for the Independent Regulatory Board for Auditors (IRBA), in terms of section 12(1) of the Auditing Profession Act (Act No. 26 of 2005). The new board assumed its duties on 1 April 2013. Read more >> |
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 | [Dr Adrian Saville] One of the key structural drivers of economic performance is economic openness, which measures the connectedness and mobility of economies and which comes about through international trade, capital flows and the movement of information and people. Achieving higher economic openness is a positive force in play that holds great promise for the subcontinent. Read more >> |
New research from the Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA) finds that management accountants, led by the CFO, play a vital and growing role in driving advancements at some of the world's most innovative companies. Read more >>
 | More than R65bn in unclaimed insurance for investment and funeral policies is waiting to be claimed according to Alan Ipp, managing director of Springpoint Finance. Read more >> |
 | Sanlam said on Wednesday (5 June) that for the four months ended April 2013‚ its new business volumes were up 30% at R49bn. Read more >> |
 | [Thabiso Mochiko] Telkom said on Wednesday (5 June) that its board of directors is considering writing off the carrying value of the group's old fixed-line network. Read more >> |
 | [Linda Ensor] The Department of Trade and Industry and the National Credit Regulator on Tuesday (4 June) strongly urged the adoption of a credit amnesty for financially impaired consumers that could come into operation as soon as October if it is adopted by the Cabinet. Read more >> |
 | Companies face many challenges in the current economic climate. Cutting costs is a priority for companies, especially for small to medium enterprises (SMEs) that need to maximise cash flow to ensure growth. Read more >> |
| The minister of Finance, Mr Pravin Gordhan, has appointed a new eight-member board for the Independent Regulatory Board for Auditors (IRBA), in terms of section 12(1) of the Auditing Profession Act (Act No. 26 of 2005). The new board assumed its duties on 1 April 2013. Read more >> |
 | Saxo TV is a new product launched by multi-asset online trading and investment specialist, Saxo Bank. Featuring former Bloomberg TV news anchor, Owen Thomas, and integrated with TradingFloor.com, Saxo Bank's social financial investment community, Saxo TV will provide business and financial analysis on demand. Read more >> |
 | On Thursday, 30 May 2013, the annual Financial Intermediaries Association of Southern Africa (FIA) Awards Gala Dinner was held at the Sandton Convention Centre in Johannesburg. A prominent event on the financial services calendar, the awards saw almost a thousand industry representatives gather to congratulate the winners and celebrate the association's fifth anniversary. Read more >> |
 | [Nick Hedley] The Billion Group, a property developer that is also the asset manager of JSE-listed Rebosis Property Fund, has several significant developments underway in SA, and is simultaneously targeting retail developments on the rest of the continent, which may eventually be listed separately. Read more >> |
 | Transnet has issued bonds to the value of R3.3bn in order to raise funds for its major infrastructure development programme, the state-owned company said on Monday (10 June). Read more >> |
 | [Nick Hedley] The uncharacteristically volatile listed property market over the past two weeks can be largely explained by movements in bond yields and the value of the rand. Given the market's close correlation to bonds‚ analysts say it may remain volatile for the moment. Read more >> |
 | [Sue Blaine] South Africa has joined a group of 10 countries that have formed a Renewables Club, with the common goal of promoting the use of energy generated from renewable sources worldwide. Read more >> |
 | [Zeenat Moorad] SA's largest food company, Tiger Brands, has plans to innovate and optimise the supply chain of local brand Mrs Ball's Chutney, which it acquired from Unilever for R475m in April. Read more >> |
 | [Zeenat Moorad] With limited opportunities for expansion in SA, a slew of hospitality companies are eyeing the rest of the continent, for future growth as there is an under-supply of quality hotels and upbeat economic prospects. Read more >> |
 | [Nick Hedley] YUM Restaurants International is establishing a steady platform for its KFC brand on the African continent from which it intends to grow "exponentially" in the future, according to Bruce Layzell, the group's general manager of new African markets. Read more >> |
 | [Monde Maoto] Sasol Chemical Industries' (SCI) returns from its propylene and polypropylene sales were not the result of excessive pricing but a result of the fair economic valuation of its investments in its business‚ the company's expert witness Andrew Harman told the Competition Tribunal on Thursday (6 June). Read more >> |
 | [Nick Hedley] Property loan stock company Vunani Property Investment Fund has benefited from "tight" management, a stable portfolio, and yield-enhancing acquisitions, according to its chief executive Rob Kane. Read more >> |
 | [Nick Hedley] After a strong run in the first five months this year, listed property prices have seen a rapid correction in the past two weeks, although analysts say this provides opportunities for both investors and companies themselves. Read more >> |
 | The unlisted owner of clothing chains Edgars and Jet‚ Edcon‚ on Tuesday (4 June) said it expected to see positive benefits from its strategic initiative investments in the medium term. Read more >> |
 | Oceana, with its partner Ulwandle Fishing, is to buy Foodcorp's fishing division for R445m. Read more >> |
 | Microsoft launched a campaign on Thursday (6 June) aimed at helping 3,000 graduates find information technology jobs in South Africa, where one-in-four workers is officially unemployed. Read more >> |
 | Many a child has been admonished for not eating their food with the words "...there are children starving in Ethiopia..." usually to little or no avail. Read more >> |
 | Public Enterprises Minister Malusi Gigaba says he wants the Eskom board to retain the power utility's finance director, Paul O'Flaherty, until at least one of the six units at the Medupi power plant has been commissioned. Read more >> |
 | State-owned aerospace and defence technology company Denel is diversifying its services to reduce its dependency on government funding, the company said on Tuesday (4 June). Read more >> |
 | The South African National Roads Agency (SANRAL) claims tolling makes transport easier, boosts economic growth and individual businesses and also makes travelling much more pleasant for private citizens. Read more >> |
 | [Linda Ensor] Opposition parties on Tuesday (4 June) urged government not to proceed with its proposed carbon tax‚ because of its negative impact on SA's growth rate and the minimal impact it would have on global emissions. Read more >> |
 | NEW YORK, USA: A special committee of Dell's board studying a sale of the computer company said on Wednesday (5 June) that the alternative plan from corporate raider Carl Icahn is under-funded by as much as US$3.9bn. Read more >> |
 | PARIS, FRANCE: The International Monetary Fund (IMF) said on Tuesday (4 June) that France must keep up its momentum on the reforms launched by the government a year ago to remove obstacles preventing the country from jump-starting economic growth and creating badly-needed jobs. Read more >> |
 | ROME, ITALY: The UN's food agency on Tuesday (4 June) said obesity and poor nutrition weigh heavily on the global economy and told governments that investing in food health would bring big economic as well as social returns. Read more >> |
 | STOCKHOLM, FINLAND: Google said on Tuesday (4 June) it had entered a ten-year deal with a Swedish wind farm developer to power a data centre in Finland that will soon reduce its energy costs. Read more >> |
More International
Metropolitan Health requires an experienced claims manager to manage the claims function for the business unit, serving one of its major clients. Read more >>
 Advanced ExcelAlusani Skills & Training Network - 19 Aug 2013 to 20 Aug 2013 Johannesburg
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| Metropolitan Health requires an experienced claims manager to manage the claims function for the business unit, serving one of its major clients. Read more >>
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93 pages