6 Aug 2013

Finance & Insurance

MTV lives on

While MTV no longer stands for Music Television, the essence of the 32-year-old channel lives on, supported by a shiny new market segment - an audience that requires much more than music videos. In order to keep them satiated, the channel has launched its first localised interactive magazine programme for South Africa's youth - MTV Choice; it's been dubbed "pop-tastic"...

Want to start your own business? Easier said than done, I'm afraid - ask any successful entrepreneur about the trials and tribulations they experienced before finding the winning formula. Problemio.com, creator of business planning apps, has outlined five steps to starting a business.

Even if you have been in HR management for some time, it's not easy to pick out a fraudulent medical certificate. Once you have, or have your suspicions, what do you do then? Lia Marus advises on the best course of action in "How to deal with fraudulent medical certificates".

I, and I suspect many others, have a severe case of arms deal fatigue. We're going on two years since the commission was set up to determine whether there was any corruption involved in procurement contracts that were awarded in the '90s. The public hearings, were underway in Pretoria, this week, but have since been postponed for two weeks to allow for the declassification of certain documents. Here's hoping it'll be smooth sailing from there on...

Sindy Peters, Group Head: Content

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Weekly top stories

Consumer confidence up, spending higher
[Helmo Preuss] Consumer confidence rose to 1 - from a level of -3 - in the second quarter of this year and up from its nine-year level of -7 in the first quarter‚ signalling a recovery in household spending‚‚ according to a survey released on Wednesday (31 July). Read more >>

Finance & Insurance
Five tips for starting a successful business with an app
With job scarcity on the increase, starting your own business could be the solution to all your financial woes. In fact, new findings from Problemio.com - the creator of the business planning and starting apps - show that worldwide, more people are taking steps toward starting their own businesses. Read more >>



SMME growth may be hindered by proposed Business Licencing Bill - Van Biljon
The business environment for entrepreneurs and existing South African Small, Medium and Micro-sized Enterprise (SMME) owners is currently restrictive. However, additional red tape will be introduced if the new Business Licencing Bill (Bill) is implemented. Read more >>

Pension funds are undervalued
[Zinhle Matentji] With July being National Savings Month, a recent survey by Master Card of consumer purchasing priorities has found that the number of South Africans planning to either save 'the same or more' over the next half-year has decreased from 92% in the last survey six months ago to 70%. Read more >>


Actuarial & Insurance
Liberty says its positioned for growth
[Phakamisa Ndzamela] Insurer Liberty Holdings said on Thursday (1 August) it was well positioned to produce sustainable growth and expected its insurance and asset-management businesses to continue to improve. Read more >>

Zurich reports modest increase in premiums
Zurich Insurance Company SA has reported a 9% increase in gross written premiums amid tough underwriting conditions for the six months to June‚ demonstrating what the company referred to as a continued focus on improving the underlying profitability of the company. Read more >>


Financial Services
Ellerines bad debts hurting African Bank
[Maarten Mittner] The decision to radically restructure African Bank Investments Limited (Abil) and put the Ellerines furniture business on the block‚ follows a significant deterioration in the financial position of Ellerines in the first half of this year. Read more >>

Africa's demand for services growing
Growing sophistication in African markets outside SA is creating demand for specialist consultants that bring together clients and communications agencies. Read more >>

Funding for 50 new Fish & Chip Co stores
Brimstone Investment Corporation‚ Taste Holdings and Nedbank have put together a funding agreement to finance 50 new Fish & Chip Co. outlets for franchisees. Read more >>


Markets & Investment
Prasa's coach contract has strong BEE element
[Linda Ensor] The winning bidders for the 30% black economic empowerment (BEE) slice of the R51bn deal by the Passenger Rail Agency of SA's (Prasa) to buy new commuter trains was presented to the company's board for a decision on Friday (2 August). Read more >>

Smokers push BAT's profits to £2.94bn
[Zeenat Moorad] British American Tobacco‚ the world's second-largest tobacco group by market share‚ reported a 4% rise in first-half revenue to £7.57bn on Wednesday (31 July)‚ as price increases helped offset falling consumption. Read more >>

Tencent pushes Naspers shares to new high
[Thabiso Mochiko and Maarten Mittner] Shares in Naspers have risen 13.10% since the beginning of July and closed at R825.90 on Wednesday, 31 July, having reached a new high of R837 on Tuesday, 30 July. Read more >>

Rand oscillating in morning trades
[Fifi Peters] The rand oscillated between the R9.9629/$ and R10.0341 tot he dollar on Friday (2 August) with liquidity shoring up ahead of the US payrolls figure. Read more >>

Rand loses as dollar strengthens
[Andries Mahlangu] The rand lost further ground in late trade on Thursday (1 August) amid dollar strength following the release of stronger US manufacturing data for July. Read more >>

Maize prices firm on weaker rand
South African maize futures ended higher on Tuesday (30 July)‚ supported by higher prices on the Chicago Board of Trade and a weaker rand. Read more >>

Shortlist announced for Africa investor Index Series Awards 2013
On 31 July 2013, international investment and communications group, Africa investor (Ai), revealed the shortlist for the Africa investor Index Series Awards 2013 to be held in September 2013. Read more >>

Malnutrition stunts Swaziland's growth
MBABANE - Around three in every 10 young children in Swaziland are stunted by hunger, and 270,000 workers are physically affected by the lack of food, an official said on Tuesday (30 July), citing a government-backed study. Read more >>

Rand sheds value as dollar firms
The rand shed further value in afternoon trade due to a stronger dollar after US data showed that the world's largest economy grew faster than expected in the second quarter. Read more >>

Burger King, Sasol munch quick food deal
[Zeenat Moorad] Burger King South Africa said on Tuesday, 30 July 2013, it had signed an agreement with Sasol to open fast-food outlets and restaurants on Sasol's forecourts. The first outlet will open by the end of the year. Read more >>


Taxation & Regulation
Incentive schemes create jobs says Marcus
Encouraging firms to employ young work seekers could help reduce unemployment, SA Reserve Bank governor Gill Marcus said on Wednesday (31 July). Read more >>

Companies should prepare now for company tax return season - Meyer
1 September 2013 marks the opening of the bi-annual company tax return season. It is therefore wise for companies to prepare all required information in August, to avoid SARS e@syFile rejections and late submission penalties. Read more >>


International

World Bank provides US$14,7bn to Africa
The World Bank committed a record US$14.7bn in its fiscal year to June to support economic growth and better development prospects in Africa despite uncertain economic conditions in the rest of the global economy. Read more >>

Profits down 31.9% for Japan Airlines
TOKYO, JAPAN: Japan Airlines (JAL) announced on Wednesday (31 July) that its net profit in the April to June quarter dropped 31.9% to ¥18.33bn (US$187m), after rival All Nippon Airways reported a loss, which it attributed to rising fuel costs. Read more >>

Beer taps open on AB InBev's profits
BRUSSELS, BELGIUM: The world's largest brewer AB InBev reported on Wednesday (31 July) better-than-expected second-quarter results, sending its shares price sharply as it benefited from its acquisition of the Corona beer brand in Mexico. Read more >>


More International


Africa

Equity Bank and Airtel Kenya enter into partnership
Equity Bank customers now get mobile with Airtel Money as the two organisations have entered into a partnership that will offer comprehensive mobile commerce solutions. Read more >>


More Africa


People on the move


MHG appoints new head: public private partnerships - more info
Metropolitan Health appoints new deputy CEO - more info



Jobs offered

Receptionist - Long Meadow - Edenvale
Read more >>



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Banking Transactions in South Africa
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