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Finance & Insurance

Your career needs a fresh start?

Right, you got your bonus in December so that's under the bridge and now you are feeling sort of...you know...restless. So rather than the devil you know, you are coming around to the thought that this could be a good time to make a change.

Well before you do, Juliette Attwell has some words of advice for you, on making a fresh start and she also clarifies what constitutes valid reasons for leaving your present job.

Still on careers, it seems managers at Telkom might be wise to dust of their CVs and update them because it appears that up to 1,000 managers may face the axe. Some cuts were apparently expected, but Telkom's chief executive, Sipho Maseko's comments to the Bloomberg news agency suggest deeper and more far-reaching cuts than many had imagined.

Planning a trip to Limpopo? Make sure you get your anti-malaria medication beforehand and make sure you are aware of the symptoms. Why? Because the Limpopo authorities have issued a travel warning, following a malaria outbreak.

Finally...some good news, and let's hope it stays that way and doesn't degenerate into the 'tragic-comic' farce of last year...It is reported that...wait for it... the delivery of school textbooks is on track for 2014.

It is common knowledge that supplying textbooks to learners countrywide is fraught with challenges. Let's make sure what happened last year never happens again.

Our school children deserve every chance they can get.

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
Plan for tax on foreign services questioned
[Amanda Visser] The proposed introduction of a 15% withholding tax on consultancy, management and technical fees for services rendered by a foreign consultant or company to a South African firm has been described as "unworkable". Read more >>


Finance
APAC calls for exemplary behaviour by political leadership
Organisation is highly critical of blatant disregard for finance minister's call to curtail spending. Read more >>

Actuarial & Insurance
Old Mutual appoints new directors

Phakamisa Ndzamela

Old Mutual, on Monday, 6 January 2014, appointed Zoe Cruz - once known as the highest paid and most powerful woman on Wall Street - and Actis partner Adiba Ighodaro as non-executive directors. Read more >>

Financial Services Board approves Hollard's Etana acquisition

Issued by Hollard

The Financial Services Board (FSB) has given the green light for the Hollard Group to acquire the outstanding 60% shareholding in Etana insurance business in a move that positions the merged entity among the largest short-term insurers in South Africa. Read more >>

Accounting & Auditing
City staff blamed for bad books

Olebogeng Molatlhwa

Joburg's council employees are likely to take plenty of flak for what is expected to be yet another dismal audit outcome for the city. Read more >>

Banking
SA agencies take top spots in Midas Awards
NEW YORK CITY, US: The 2013 Midas Report rankings have been announced: King James Cape Town #1 in Financial Advertising and Marketing Communications, with The Jupiter Drawing Room at #2. Read more >>

Financial Services
SA created almost 24‚000 jobs in November-December
South African sectors created 23‚861 jobs in the last two months of 2013‚ with most of the jobs created in the informal sector‚ according to the latest Adcorp employment index. Read more >>

Standard Bank's house price index eases in December
The Standard Bank's house price index ended 2013 on a more modest note‚ with growth easing to 5.5% in December year on year from 6.6% in November. Read more >>

Markets & Investment
Slow growth in output worries steel federation

Mark Allix

The Steel and Engineering Industries Federation of SA (Seifsa) said it was concerned about a possible relapse in growth in the steel and engineering sector in the final quarter of last year. Read more >>

Telkom: Up to 1,000 managers face axe

Thabiso Mochiko

Telkom's chief executive Sipho Maseko has moved to calm a storm over his comments last week that up to 1‚000 managers face the axe at the company‚ although he confirmed that its staff numbers would be reduced in wide-ranging efforts to cut costs. Read more >>

Merger of Pioneer's brands should fatten margins

Marc Hasenfuss

Many shareholders in Pioneer Foods may need to pluck up their courage to participate in the unbundling and separate listing of its poultry and egg business, Quantum Foods, later this year. The poultry industry is not having a good time. Read more >>

Retirement funding needs a new approach
The 2008/9 recession has led to four years of high volatility being experienced by both businesses and investors. Pensioners, in particular, have taken the brunt of dubious investment decisions with many struggling just to keep their heads above water. Read more >>

Operating conditions in SA pick up for third month in a row

Maarten Mittner

Operating conditions in the private sector in South Africa remain positive; however‚ the rebalancing process in reaction to the weaker rand is progressing slowly‚ analysts said. Read more >>

Pricey industrial stocks 'no darlings' of JSE

Nick Hedley

Large industrial stocks on the JSE‚ considered "a market darling" over the past few years‚ have become expensive‚ some analysts say. Read more >>

Cloud-computing boosts German software giant SAP
FRANKFURT, GERMANY: German software company SAP said that cloud-computing boosted sales and earnings in the fourth quarter of 2013 and the year as a whole. Read more >>

Locals take over Mala Mala game lodge
Mpumalanga's luxurious Mala Mala private game reserve will get new owners when President Jacob Zuma hands over the 13,184ha of land and title deeds to the community on Friday (10 January). Read more >>

Slow profit growth cools appetite for retail stocks

Zeenat Moorad

After a stellar run over a few years, appetite for retail stocks cooled last year as profit growth slowed on strained consumer spending. Read more >>

Taxation & Regulation
Illegal cigarettes light up crime

Nashira Davids

Big companies in narcotics trafficking are shifting their focus to the illicit tobacco trade - with about 30% of all cigarettes consumed in this country come from illicit deals - causing the government to lose billions of rands in taxes every year. Read more >>

Siemens, John Wood seek joint venture approval

Amanda Visser

Two global energy and electrical engineering companies‚ Siemens and John Wood Group‚ want to form a joint venture and are asking for the approval of the South African competition authorities to press ahead with the deal. Read more >>

Sanral briefs ANC on e-toll issue ahead of election

Nicky Smith

Toll roads chief Nazir Alli has briefed the top leadership of the African National Congress (ANC) on the highly divisive e-toll system‚ which is set to be a burning issue in the run-up to elections later this year. Read more >>

Outa asks donor agencies for cash

Nicky Smith

The cash-strapped Opposition to Urban Tolling Alliance (Outa) has approached unnamed donor agencies for financial support as it continues to battle to have the road toll programme scrapped. Read more >>


International

Google buys Nest for US$3.2bn
SAN FRANCISCO, USA: Google announced that it is buying a smart thermostat start-up Nest in a deal valued at US$3.2bn. Read more >>

Tesco reports falling sales over key Christmas period
LONDON, UK: Tesco said that group sales dripped by 3.2% during the all-important Christmas trading period, dealing a fresh blow to Britain's biggest retailer. Read more >>

Moeller-Maersk raises €2.6bn from asset sales
COPENHAGEN, DENMARK - Danish shipping and oil group A.P. Moeller-Maersk said it will sell its supermarket business for a profit of €1.9bn, the second deal in two days that will raise €2.6bn for the company. Read more >>


More International


Africa

Zimbabwe imposes tax on mobile money services

Tawanda Karombo‚

Zimbabwe has broadened its revenue collection base by effectively regulating mobile money services‚ which are fast gaining popularity in the country‚ with the imposition of a tax of $0.05 on each such transaction. Read more >>


More Africa


Jobs offered

Financial Accountant - Johannesburg
Financial accountant for global TV broadcast firm expanding across Africa. This operationally intensive role is ideal for a person having two years post articles experience, willing to take up challenges. Read more >>

Account Executive - Cape Town
The opportunity to work on a large financial services account and learn the ins and outs of DM and CRM while being an integral part of the client service team. Read more >>




New events to diarise

Sirdar & SureSwipe Business Breakfast
Sirdar South Africa - 5 Feb 2014 Sandton


Upcoming events

Advanced debt collection strategies
CBM Training - 20 Jan 2014 to 18 Jun 2014 Johannesburg,Cape Town

Finance for Non-Financial Managers
CBM Training - 21 Jan 2014 to 13 Mar 2014 Johannesburg,Cape Town,Durban


All industry news


Marketing & Media
[2014 trends] Wake up and smell the networks

Hilton Rose

[2014 trends] Building a better scope of the content marketing space

Athar Naser

[2014 trends] Communicating like a boss: Anti-trends for 2014

Tiffany Markman

[2014 trends] Faster, smarter and increasingly ingenious!

Karen Ashwin


Medical
Tobacco warning saves millions of lives
Malaria outbreak: Limpopo issues travel warning

Rod Baker

Wits medical students excel in specialist examinations

Retail
Clear out your closet for #TheStreetStore

Sindy Peters

Fashion design collaboration for WDC 2014
Sony launches new products at CES 2014

Government
Plans to allow SA expats to vote

Mining
Nyembezi-Heita appointed as CE of IchorCoal

Allan Seccombe

Richards Bay Coal Terminal sets coal export record

Brendan Ryan

Indaba puts African mining in the spotlight

CSI
Join the yoga fundraising event
Anglo named one of leading CSI contributors

Agriculture
Farmer gets protection order against land grabbers
Farm machinery sales forecasts point to hard year

Nick Hedley

Tractor sales up 5.7% to 353 units y/y

Arts
2014 NAF Fringe application deadline nears
The Mother City's top 5 event destinations
Pioneering and growing the African music industry

Building
Govt to unveil SA's Bio-economy Strategy
Power gap hobbles Zimbabwe's plans

Environment
Fracking tax 'will promote renewable energy'
Mining company works on preventing further pollution of water in Kruger

Sue Blaine

Mining company in hot water over pollution

Dale Hes


HR & Recruitment
[BizCareers] 2014 - need a fresh start?

Juliette Attwell

Aligning your rewards strategy with your overall business strategy

Frew Murdoch


Legal
EE not an absolute bar to appointment of non-designated candidates

Jacques van Wyk

Constitution amendments normal: Presidency
Law firms' African expansion bodes well for continent's economies

Manufacturing
POWER-GEN Africa, DistribuTECH Africa to deliver in-depth skills development

Property
V&A expands hotel offering

Joan Muller

5 Property New Year's resolutions you should consider

Security
Ghana top contributor to UN peace efforts
UN resumes food aid in CAR

Education
The University of the People offers hope
Delivery of school textbooks on track for 2014

Tourism
City Lodge increases Wi-Fi access for guests
Workshops for the travel industry in 2014
Take time out for a trip to Tau

Brian Berkman


ICT
Are you deriving value from your ITIL initiatives?

Edward Carbutt

Is BYOD a growing threat to SA businesses?

Maritime
Safmarine kicks off 2014 with another award
Deal with department gives line fishermen room to breathe

Paul Vecchiatto


Sport
Campaign promotes safe cycling in PE
Cape Town ready to host Tens Tournament
Oosthuizen retains Volvo Golf Champions title

Logistics
fastjet announces new worldwide distribution channel agreements

Science
Canon launches PowerShot N100

Lifestyle
Infecting The City Public Arts Festival comes to Mbombela
Up the Creek Prep: How to Stay

Anna-Bet Bester

Don Jon, not your average rom-com

Shan Radcliffe


Automotive
December new car sales up 0.2% to 46,501 units
SA car makers fail to meet local, export sales goals

Nick Hedley

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