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Finance & Insurance

Pirates ahoy!

For many people, the phrase maritime piracy evokes images of a one-eyed sailor drinking rum and singing obscene songs. For some younger people, piracy may bring to mind the picture of Hollywood actor Johnny Depp, wearing a headband in a scene from the film Pirates of the Caribbean.

The reality is very different - and decidedly unpleasant, and as pirates shift their operations, it seems there is a a bumpy road to maritime security when combating piracy in West Africa.

On the labelling front, you will no longer see a nurturing mother feeding her happy baby a bottle of formula milk as an advertisement in any newspaper, magazine, on a website or on television. In fact, labelling of formula for babies has gone bland with a vengeance.

On to cars, where GMSA is continuing its drive for greener manufacturing and putting 'greener' cars on the road, thanks to significant reductions in the energy used to manufacture each vehicle.

Fancy your talent? Application forms are now available for the Clover Aardklop National Arts Festival 2014. But don't delay - the deadline for applications for the Clover Aardklop National Arts Festival in Potchefstroom is Monday, 10 February 2014.

And to end... from all of us here at Bizcommunity.com to all of you... our Press Office holders, advertising clients, readers, contributors and subscribers, all the very best for the festive season and for a prosperous, successful and peaceful 2014... it's almost here!

Rod Baker, Content Director

Comment online in our ed's column archive. Go mobile with apps and m.bizcommunity.com. Engage with us on Twitter, Facebook, LinkedIn and Google+. Subscribe to YouTube and via RSS. Send all your industry-specific news and event invitations to financenews@bizcommunity.com, exclusive opinion pieces to contributors-finance@bizcommunity.com and international news to internationalnews@bizcommunity.com. Read "How to contribute to Biz, from op-ed pieces to news".



Weekly top stories
SA, Germany investment treaty cancelled
[Kay Schröder] In an attempt to overhaul its foreign investment protection regime, SA gave notice to cancel its Investment Protection Treaty with Germany. Subsequently, on 23 October 2013 the draft Promotion and Protection of Investment Bill was published for public comment. Read more >>


Finance
Growing demand for skilled risk managers
Risk management is among the fastest growing fields in the finance sector globally, and is set to continue this upward trend as companies recognise the importance of protecting themselves through sound risk management strategies. Read more >>

Commercial property lending is critical to SA
Commercial property lending is critical to stimulating the development of infrastructure in South Africa, one of the key pillars in the South African National Development Plan (NDP). According to Gary Palmer, CEO of Paragon Lending Solutions, there is a growing need for small to medium-sized businesses to continue to invest in commercial property as it is vital for economic growth. Read more >>

Actuarial & Insurance
Sanlam, Santam work together in emerging markets

Gillian Jones

Sanlam and short-term insurer Santam will work together in emerging markets as the group expands into the rest of Africa‚ and South-east Asia. Read more >>

Insurance in the game industry
"It's by now very evident that the game industry of Southern Africa has been growing at a rapid pace, and all indications show that this trend will continue for some years to come," says Gert Pienaar of Kuda. Kuda has aimed to position itself as a major player in this market. Read more >>

Accounting & Auditing
Young South Africans need to change, say experts

Bekezela Phakathi

Young South Africans need to change their mindset from looking for a job to creating jobs by starting their own businesses‚ audit and consulting firm Deloitte says. Read more >>

Banking
Motaung appointed as company secretary at Ubank
Ubank has announced the appointment of Nohlanga Motaung as the company secretary and legal executive effective from 1 May 2013. Read more >>

Financial Services
FNB reports student loan applications up 6% in 2013
According to FNB, students, and their parents, are increasingly turning to student loans to fund their tertiary studies. Read more >>

Markets & Investment
Sandton property development continues

Joan Muller

Despite talk of a looming over-supply of office space and concern about increased road congestion, commercial real estate investors and developers continue to pour billions into the Sandton central business district. Read more >>

Another trading blow to MTN investors

Mpho Sibanyoni

As the trading of empowerment shares linked to MTN seems to be running on "African time", black investors are left wondering if they will be able to eventually sell their shares. Read more >>

October motor trade sales up 4.4% y/y
Measured in nominal terms (current prices)‚ motor trade sales increased by 4.4% year-on-year in October‚ after rising 6.3% in September‚ data released by Statistics SA on Thursday (12 December). Read more >>

Volatile bond yields dampen property returns

Joan Muller

The JSE's R249bn listed property sector has delivered a muted 7.3% total return for the first 11 months of this year‚ some way off the 17.92% achieved by the All Share index over the same period‚ according to figures released by Cape-based Catalyst Fund Managers. Read more >>

Accelerate debuts on JSE main board
Accelerate Property Fund debuted on the JSE main board on Thursday (12 December) under the real estate holdings and development sector. Read more >>

SA's wholesale trade sales up 6.0% in October
Measured in real terms (constant 2012 prices)‚ wholesale trade sales increased by 6.0% year-on-year in October after a revised 8.4% (8.3%) rise in September‚ data released by Stats SA on Thursday (12 December) showed. Read more >>

A turning point?

Dr Adrian Saville

Ever since the global financial crisis of 2008 the world's advanced economies, that led the way into the crisis, have struggled to get back to their pre-crisis performances. Having spent the last five years recovering, we see glimmers of hope on the economic horizon, but it's not yet time to break out the Moët. Read more >>

October retail sales reflect consumer pressure

Maarten Mittner

The latest retail sales data suggest a poor festive season for most households as the level of debt remains high while finances have deteriorated further. Read more >>

Redefine completes acquisition of UK shopping centre
Redefine International (RPL)‚ which has a primary listing on the London Stock Exchange and a secondary listing on the JSE‚ has completed the acquisition of the Weston Favell Shopping Centre‚ in Northampton in the UK‚ for GBP84m‚ the company said on Thursday, 12 December 2013. Read more >>

Local mineral beneficiation to present challenges

James Fungai Maposa

Over the last few years the South African government has advocated for the domestic beneficiation of locally mined minerals in an effort to grow the economy and create employment. Read more >>

Taxation & Regulation
Tax system puts small businesses under pressure
The current tax system puts small businesses under severe cash flow pressure, and, in certain cases, can lead to their premature closure. This is according to Prof Sharon Smulders, head of Technical Policy and Research at the South African Institute of Tax Practitioners (SAIT). Read more >>

Outa says Sanral's 'fabricating' e-tag figures

Nicky Smith

The Opposition to Urban Tolling Alliance (Outa) said the South African National Roads Agency Limited (Sanral) had "fabricated" the number of e-tags in circulation for Gauteng's tolling programme adding that the agency will probably fall short of its revenue requirements. Read more >>

Venture Capital
SAVCA re-appoints chairman
Emile du Toit has been re-appointed as chairman of the board of the South African Venture Capital and Private Equity Association (SAVCA). Du Toit is the head of Infrastructure Investments at Harith General Partners and has served on the SAVCA board since 2009 and as chairman since 2011. Read more >>


International

IATA sees record profits for airlines in 2014
GENEVA, SWITZERLAND: Airlines are expected to post record profits next year, the International Air Transport Association said citing sliding oil prices and mergers for the sector's improving outlook. Read more >>

General Motors to close Australian plants by 2017
SYDNEY, AUSTRALIA: Car company General Motors said it will close its Holden plants in Australia by 2017, prompting Toyota to review its operations and unions to warn that the local car industry was 'finished'. Read more >>

Chinese investors seek to mine Bitcoin's volatility
SHANGHAI, CHINA: Chinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride. Read more >>


More International


Jobs offered




    New events to diarise

    Gauteng Funding Fair
    25 Mar 2014 to 26 Mar 2014 Johannesburg


    All industry news


    Marketing & Media
    YouTube Rewind 2013
    How to write well

    James Hurford

    Will someone please define strategy!

    Sid Peimer


    Medical
    International medical studies need to be assessed carefully
    Let's work together to stop the spread of HIV/AIDS

    Kone Gugushe

    Winners of the Pioneers of Health Challenge announced

    Retail
    Festive season retail expected to improve on 2012
    Pick n Pay donates Sunday's profits to Day for Madiba
    Nigeria still offers SA retailers good opportunities

    Government
    12,000 SANDF personnel deployed for funeral
    Sombre mood hangs over SA
    Pienaar recalls his greatest Madiba moment

    Amukelani Chauke


    Mining
    Wits Gold appoints Cooke as non-executive director
    Risk management black hole in oil and gas supply chain

    Chris Bohill

    Canada supports sustainable natural resource development in Africa

    CSI
    Samsung employees reach out to Zambia
    Adventure Boot Camp raises funds for institutions
    Sunfoil Education Trust supports young cricketers

    Agriculture
    Rhodes Food's land reform bears fruit
    Initiative aims to reform African agribusiness
    Bad credit adds to Zimbabwe's food insecurity

    Arts
    Application forms available for Clover Aardklop National Arts Festival 2014
    Cape Town City Ballet hosts annual Fairy Parade

    Building
    WC winners of architectural competition announced
    Invitation to enter Schneider Electric's challenge
    Welding industry offers job opportunities

    Environment
    SA, Japan share knowledge on waste management
    IWMSA shares ways to create less waste

    HR & Recruitment
    Advice when choosing a recruitment agency
    Career trends in 2014 - what to look out for

    Juliette Attwell

    How to ace your first job interview

    Catherine Wijnberg


    Legal
    Publication of health inquiry terms of reference

    Lerisha Naidu

    Update on Fin24.com vs Moneyweb
    Controversial Intellectual Property Laws Act published

    Manufacturing
    November prices for manufactured goods up 5.8%

    Property
    Holiday season tips for homeowners
    Developers shrug off sluggish growth

    Security
    Piracy in West Africa: a bumpy road to maritime security
    CSI experts get chop
    Insurance fraud on the rise

    Peter Dempsey


    Education
    The benefits of tertiary education
    Curbing current education challenges

    Tourism
    Cape Royale Luxury Hotel & Spa wins more awards
    e-Tourism to become major driver for SA tourism economy
    Holiday Inn launches in Mauritius

    ICT
    How on-site communications networks can impact your company

    Neal Bricker

    What is web hosting?

    Tim Wyatt-Gunning

    Cyber security concerns for 2014

    Maritime
    Panama Canal expansion - the future of maritime commerce

    Sport
    Doha GOALS hosts first Sports Ministers Summit
    World Rallycross calender for 2014 announced
    Eco-adventurer raises awareness of water quality

    Science
    Samsung launches consumer education campaign in support of 49M
    Africa's largest single-rooftop solar plant launches in Pietermaritzburg

    Lifestyle
    "Bigger and better" promises Cape Getaway Show 2014
    Sonar to come to Cape Town in 2014
    The Hobbit 2 rules with awe and spectacle

    Daniel Dercksen


    Automotive
    Renault and Orange join forces to explore use of 4G on vehicles
    GMSA continues drive for greener manufacturing
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