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Finance & Insurance

Sold! One daughter for one iPhone

This has got to beat everything... a Chinese couple is facing criminal charges after selling their daughter for an iPhone.

Look, as just about every parent knows, you don't always necessarily like your kids (sometimes you wonder why you even bothered to have the ungrateful little buggers), but you always love them - and selling off your daughter and then using part of the proceeds to buy an iPhone is just plain wrong - in anyone's language, in anyone's culture.

It's that fracking subject again... two new proposed laws have been published regarding the environmental regulation of fracking. This seems to indicate that fracking might start sooner rather than later.

It's time to hide that moustache trimmer and get with the Movember flow... Movember 2013 has been launched and it's your chance to help 'Change the Face of Men's Health'.

On the ICT front, Internet Solutions is celebrating 20 years, and is predicting exponential growth for the internet in South Africa and Africa, and it's time to enter the Ericsson Application Awards 2014. Students and small- and medium-sized enterprises from anywhere in the world are invited to submit Android and iOS apps.

Rod Baker, Content Director

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Weekly top stories
Five reasons why South African residents should invest offshore
[Ross Pennell] South Africa is currently the largest economy and the most attractive for foreign investment in Africa - but for how long? Read more >>


Finance
Economic outlook - hoping for business as usual

Craig Pheiffer

If we can get back to "business as usual" soon in the United States, then the damage from the fiscal impasse can be limited. Should that be the case, then Gross Domestic Product (GDP) of 1,6% is forecast for the US in 2013 from 2,2% last year with expectations of a pick-up into 2014 of 2,3%. Read more >>

Actuarial & Insurance
Liberty launches Risk Revealer game
Liberty has launched a web-based tool that allows potential and existing clients to calculate their level of lifestyle and accidental risk. The decision to develop the Risk Revealer tool was based on the growing trend of 'gamification' internationally and in South Africa, as well as the need to add value to clients. Read more >>

Zurich Insurance buys 100% of BnB Sure

Phakamisa Ndzamela

JSE-listed Zurich Insurance Company SA said it had bought 100% of BnB Sure‚ for an undisclosed amount‚ in a deal that will enable the insurer to offer niche insurance to bed and breakfast businesses. Read more >>

Accounting & Auditing
It's not always what you say but how you say it

Marion Scher

Using words to soothe or shout isn't always that easy, because the receiver can't hear you. But in front of an audience, be it a presentation, press conference or a televised interview, your voice and face says it all. Read more >>

Financial Services
South Africans don't make provision for retirement
According to UK-based, multinational banking and financial services institution HSBC, 57% of retirees around the world fear that they will run into financial trouble and expect their savings to run out about halfway through retirement, but despite those concerns, most admit that they are not doing anything about it. Read more >>

Half of credit active women at default
Many South African women are finding themselves in financial trouble because of their love of plastic - their credit cards. Read more >>

Markets & Investment
Adcorp's earnings drop sharply
Workforce management group Adcorp Holdings (ADR) has reported diluted headline earnings per share of 21.4c for the six months to September, down from 126.1c a year ago. Read more >>

SABMiller beats forecasts as emerging markets lead growth

Nick Hedley

A stronger than expected performance by SABMiller plc in the six months ended September saw it regain favour among investors‚ who pushed the global brewing company's shares 4% higher to close at R499.40 last week. Read more >>

Festive season retail sales could grow 3%

Ntsakisi Maswanganyi

Christmas period retail sales could grow by slightly more than 3% in real terms provided there is no resurgence in strike activity that disrupts both production and workers' earnings‚ Credit Guarantee Insurance Corporation senior economist Luke Doig said. Read more >>

Distell sees cider as means to quench thirst for growth in Africa

Marc Hasenfuss

After two major acquisitions in international cognac and whisky brands‚ Stellenbosch-based liquor group Distell will now be prioritising the global growth of its highly-profitable cider brands. Read more >>

Republicans, democrats, shutdowns and your investment

Santhiran Naidoo

For the past few weeks we have seen an increasing number of reports on the US government shutdown, budget impasses, defaults, democrats, republicans and the like. While these issues are played out on a foreign continent, they have far reaching implications and could possibly represent significant changes in the global economic environment. Read more >>

August retail sales higher than expected
Retail trade sales rose more than expected in August‚ with economists warning‚ however‚ that there were still challenges to consumption expenditure that could see retail sales come under pressure. Read more >>

Global challenges affect consumers, business
Global economic challenges are affecting South African consumers and business, Consumer Goods Council of SA's (CGCSA) chief executive Gwarega Mangozhe said on Tuesday (15 October). Read more >>

Managers in line of fire as firms slash costs

Zeenat Moorad and Nick Hedley

Job cuts are looming for South Africa's middle and senior managers‚ analysts warned this week‚ as food company Pioneer Foods announced that more than 1‚200 of its best-paid staff were being axed or moved to lower-paid jobs. Read more >>

Taxation & Regulation
Tax ombud given limited powers
The appointment of the new tax ombud is a positive move, particularly as the first incumbent of this important position is retired Gauteng Judge President Bernard Nogepe, says Mike Dingley, national tax director of global audit, tax and advisory firm Mazars. Read more >>

Announcement on SARS commissioner expected soon
It has been more than 90 days since the resignation of the Commissioner of the South African Revenue Service (SARS), Oupa Magashula, following a jobs-for-pals scandal. Read more >>


International

Internet buying exchanges have morphed into the Bitcoin revolution

Tom Cleveland

PALM COAST, FLORIDA, US: What would you make of a headline that read, "BitPay Passes 10,000 Bitcoin-Accepting Merchants On Its Payment Processing Network"? Read more >>

Redefine Int buys UK shopping centre
Redefine International PLC, which is listed on the London Stock Exchange and plans an inward listing on the Johannesburg Stock Exchange later this month, has secured a significant transaction with Aviva Commercial Finance Limited. Read more >>

Google stock surges on profit, revenue gains
SAN FRANCISCO, USA: Google's shares rose to a record high, and almost broke the US$1,000 mark after quarterly earnings figures showed the Internet company's profits are climbing despite a trend toward cheaper advertising on smartphones and tablets. Read more >>

Peugeot misses European car sales rally
PARIS, FRANCE: Shares in struggling French manufacturer PSA Peugeot Citroen dropped 4.76% in early trading on Wednesday (16 October), after data showed that the company's sales in Europe had fallen again in September. Read more >>

Lawsuit accuses BlackBerry of raising false hopes
OTTAWA, CANADA: BlackBerry shareholders on Tuesday, 15 October, launched a class-action lawsuit against the company, alleging its optimistic sales forecasts for its new smartphones cost them hundreds of millions of dollars, lawyers announced. Read more >>

eBay founder backs project to 'empower' journalists
WASHINGTON, USA: The founder of eBay, Pierre Omidyar, said on Wednesday, 16 October, he will back a project with investigative reporter Glenn Greenwald which "elevates and supports" journalists and "allows them to pursue the truth." Read more >>

Swedish SKF's net profit drops in the third quarter
STOCKHOLM, SWEDEN: Swedish ball bearing manufacturer SKF announced a decrease of its net profit in the third quarter, amid lower-than-expected sales in its industrial business. Read more >>

YSL muse auctions off huge fashion collection
PARIS, FRANCE: A huge collection of haute couture and ready-to-wear fashion owned by the model who inspired Yves Saint Laurent's famous "Le Smoking" tuxedo went under the hammer on Monday (14 October) in Paris. Read more >>

BlackBerry reassures customers with new campaign
WASHINGTON, USA: - BlackBerry is launching a campaign aiming to reassure its customers it intends to stay in business, brushing aside suggestions of its impending demise. Read more >>


More International


Government

Public must be vigilant of fraudsters
The SA Institute for Tax Practitioners (SAIT) supports the call for vigilance against rogue tax advisors. Read more >>

SA, Poland agree to up trade relations, tourism

Chris Bathembu

South Africa has acknowledged the importance of Poland not only as a trading partner in Europe but as a crucial market for South Africa's tourism industry. Read more >>

SA has grown its international presence says Zuma
South Africa has reinforced its relations with many of the countries of the world in the past two decades, President Jacob Zuma said on Wednesday (16 October). Read more >>

Legal Aid to provide funding for Marikana miners
Legal Aid South Africa will provide funding for the legal representation of the injured and arrested miners at the Farlam Commission of Inquiry. Read more >>

SARS warns against fraudulent tax advisors
As the deadline for the submission of tax returns looms, the South African Revenue Service (SARS) has appealed to taxpayers to exercise caution when dealing with "tax advisors" who guarantee them a tax refund. Read more >>


More Government news


New accounts


marcusbrewster wins Ubank account - more info

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Jobs offered

Claims Consultant - Long Meadow/Edenvale
Read more >>



New events to diarise

Financial Modelling for Projects
Paton Training - 4 Nov 2013 to 6 Nov 2013 Johannesburg

Petty Cash Management
Pietermaritzburg Chamber of Business - 6 Nov 2013 Pietermaritzburg

Finance for Non-Financial Managers Course
Paton Training - 28 Nov 2013 to 29 Nov 2013 Johannesburg


Upcoming events

Rolling Forecast
Creative Concepts Training - 23 Oct 2013 to 24 Oct 2013 Johannesburg

Effective Financial Report Writing
Paton Training - 25 Oct 2013 Johannesburg


All industry news


Marketing & Media
Twitter introduces DM changes
Insight into the new way of doing journalism

Anton Harber

Stripped of all Loeries awards: MetropolitanRepublic not happy

Rod Baker

Lessons from the Woolies crises

Chris Moerdyk


Medical
12th INDEPTH International Scientific Conference
Discovery HealthID app for Samsung Galaxy

Retail
SA's top retailers for 2013
Get festive edge through technology

Ian Steyn


Government
Carrim to engage SABC over editorial independence

Bekezela Phakathi

Patel appoints acting competition commissioner

Amanda Visser


Mining
Reducing costs in African mining
Petroleum industry sees black women making strides
Victory for Marikana workers - Bench Marks Foundation

CSI
Pick n Pay contributes towards Pink Drive
MWEB partners with Silulo Ulutho Technologies
Movember 2013 launched

Agriculture
Karatara celebrates World Food Day

Arts
#FutureMusic Rising winner to perform in London
FamFest South Africa returns
IMEXSA to promote SA music at WOMEX 2013

Building
Construction sector faces challenges says Gigaba
Master Builders elects new president
French, SA companies encouraged to work together

Environment
More than 100 elephants killed in Zimbabwe
Business drivers for a carbon emission reduction plan

Ed Gluckman

WeedBuster awareness campaign visits Grahamstown

HR & Recruitment
Why training matters

Rowan Belchers

Performance management begins with on-boarding - stop lobbing lemons!

Suzanne Patterson

[BizCareers] Start of the job hunt and reputable HR institutions

Juliette Attwell


Legal
The use of alcohol in the workplace

Jacques van Wyk

Retired judge to probe complaints involving the Hawks
ConCourt doors wide open?

Jonathan Ripley-Evans


Manufacturing
Woolworths sandal recall after two injured

Property
New hotel for Camps Bay
To renovate or not to renovate?
PGP raises funds for East London charities

Security
Police warn against illegal gatherings in Malamulele
Court bid to nullify military veterans' umbrella body set aside
Mahikeng police commended for securing convictions

Education
SAE Institute launches Film Degree in Africa
Keep stress under control during exams

Monique Harrisberg

Strides made in improving curriculum - Motshekga

Tourism
Cape Town Tourism CEO calls for unity
More on offer for guests to Inhambane, Mozambique
fastjet's first international route takes off

ICT
Internet Solutions celebrates 20 years
Affordable internet through satellite hotspots
Cloud computing for government - not just a cost cutter

President Ntuli


Maritime
NEF invites French companies to co-invest
Work on Durban's Western Aqueduct gathers pace
DEA to host Princess Astrid on SA Agulhas II

Sport
Excitement is building for charity race
Sport summit to promote debate
Castle Lager, official partner of Sport Industry Group

Logistics
Gautrain proposes seven new routes
Outa will not appeal judgment so all motorists must pay tolls

Science
BT launches a series of new services
Echo-Social launched to leverage social media
Enter the Ericsson Application Awards 2014

Lifestyle
Immortal Tuscany

A. Field

Horrorfest line-up announced
SynergyLive 2013 artists announced
A consummate portrait of loneliness

Daniel Dercksen


Automotive
Strike-hit SA automotive industry faces battle to catch up

Alistair Anderson

Battle for SA Car of the Year title

Henrie Geyser: motoring editor

Plans for stability in SA motor industry

Evan Pickworth

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