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 | The interest rate increase announced by the Reserve Bank last week was not unexpected and should have very little impact on the residential property market. Read more >>
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 | PRETORIA: The Reserve Bank has hiked up the repo rate to 5.5%. Read more >>
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 | The minimum wage for farm workers will increase by 6.4% and not 7% as initially communicated. The Department of Labour last week released information regarding the increase in the minimum wage for farm workers, which will come into effect on 1 March 2014. Read more >>
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 | Arthur Kamp The general expectation was that the South African Reserve Bank (SARB) would hold interest rates steady. After all, domestic demand is soft, credit extension growth has been modest and the core inflation rate has been stable at 5.3% for the last four months of data up to December 2013. Read more >>
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 | Life insurance company Assupol launched their latest TV advertising campaign, featuring their brand ambassador and South African music icon, Hugh Masekela. Read more >>
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 | Though lower to mid-level employees are guilty of most incidents of graft, executives are guilty of the kind of fraud that hurts companies most. Read more >>
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 | Kenya's NIC Bank has announced the launch of NOW mobile banking, a platform that facilitates efficient, on-the-go financial services including online cheque deposits. Read more >>
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 | The Chartered Institute of Management Accountants (CIMA), has announced strong growth figures for 2013 as the institute continues to expand its presence around the globe. Over 33,500 new students joined CIMA last year, taking the total member and student population to more than 218,000. Read more >>
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 | Students who performed badly last year will probably not receive state funding this academic year and the government is hot on the trail of those who fake documentation to secure varsity fees. Read more >>
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 | Allan Seccombe Anglo American Platinum (Amplats‚) reported a strong rebound in operating profit for the 2013 financial year‚ but its restructuring costs and asset write downs pushed the world's largest platinum producer into an overall loss and it withheld its annual dividend. Read more >>
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 | Maarten Mittner Trading conditions in the manufacturing sector remain challenging‚ with the seasonally adjusted Kagiso purchasing managers index (PMI) starting the year unchanged at 49.9 points. Read more >>
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 | Gillian Jones and Zeenat Moorad Should the Reserve Bank embark on a cycle of raising interest rates, banks and retailers could be hard-hit by rising bad debt as consumers come under pressure. Read more >>
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 | The Sanlam Investment Management (SIM) Industrial Fund was named the best South African equity industrial fund at the prestigious Raging Bull Awards held in Cape Town recently. The fund has been the best performing industrial fund over one, three and ten years, and the best performing equity fund in South Africa for the past ten years. Read more >>
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 | Hapless and helpless, South Africa's struggling national carrier awaits news on a state cash injection vital to stay in the skies, but which shows up its inability to make money. Read more >>
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 | Nick Hedley New vehicle prices are the latest casualty of the weakening rand, prompting motor industry companies to predict a double-digit inflation rate for this year. Read more >>
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 | Fifi Peters Retail shares fell further out of favour with investors‚ as market participants digested the bitter consequences of a higher interest rate on South African consumers already struggling to make ends meet. Read more >>
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 | Shares of the world's largest platinum producer‚ Anglo American Platinum (Amplats) were up more than 6% on Wednesday (29 January)‚ following the release of its quarterly production update. Read more >>
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 | Max Gebhardt Airline operator Comair said on Wednesday (29 January) its earnings per share and headline earnings per share for first six months of its 2013 financial year would be almost double what it produced in the corresponding period the year before. Read more >>
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 | About 1‚700 positions may be cut at hotel and gaming group Sun International, which on Wednesday (29 January) said it had entered a consultation process regarding a possible restructuring‚ to capitalise on efficiency‚ improve revenues and increase profitability. Read more >>
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 | The latest Monetary Policy Committee (MPC) announcement by Governor Gill Marcus saw the repo rate increase from 5% to 5.5%. Rates have remained flat for just over 18 months and the last MPC announcement, which saw an increase in the repo rate, was more than five and a half years ago. This is quite a momentous occasion for those savers who waited in anticipation for a higher return on their cash investments. Read more >>
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 | The weakening rand, record maize prices, and the country's current account deficit, has worsened expectations for South Africa's inflationary outlook. South Africa experienced a steady increase in inflation month by month in 2013 and Absa Capital forecasts that inflation could reach 6.1% in 2014. Read more >>
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 | Joan Muller Out of SA's total university student population of about 535,000, less than 110,000, or 20% of students, can be housed on university campuses, figures from the Department of Higher Education and Training show. Read more >>
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 | Max Gebhardt Comair's chief executive Erik Venter has dismissed talk that airline ticket prices could come down if there was a new entrant into the market. He said far from there being a shortage of capacity since the demise of 1time in 2011‚ the local airline market is still plagued by over-capacity in terms of the number of available seats. Read more >>
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 | SEOUL, SOUTH KOREA: SK Telecom, South Korea's biggest wireless operator, said its net profit for 2013 jumped 44.3% on increased value of its stock investment and expansion of lucrative 4G services. Read more >>
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 | Thabiso Mochiko Ratings agency Moody's said on Monday (3 February) that the next three years would be "difficult" for MTN and Vodacom to maintain or increase their market share and compete more aggressively on price without reducing their margins and returns on investment. Read more >>
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Treasury to tax digital productsThe Treasury has published its new electronic services regulations in which it sets out those digital products and services that will be subject to 14% VAT. The new regulations take effect in April. Read more here.
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 | The South African Revenue Service (SARS) has been granted a final preservation order by the North Gauteng High Court over the assets of South African businessman Mark Krok, who became an Australian resident 12 years ago. Read more >>
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 | Major taxi routes in and around Johannesburg are expected to shut down on Monday, 3 February, as the National Taxi Alliance embarks on a protest that will leave thousands of commuters stranded. Read more >>
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 | Michael Stein The Tax Administration Laws Act 28 of 2011 is a fascinating and far-reaching piece of tax legislation that affects all taxpayers and tax practitioners. For instance, Chapter 15 of the Act deals with administrative non-compliance penalties, which comprise fixed amount penalties and the percentage-based penalty. Read more >>
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 | Amanda Visser The sale of the Heartland property by chemicals and explosives company AECI to Chinese property developer Shanghai Zendai has been approved by the Competition Commission‚ but with a condition. Read more >>
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 | Alcohol abuse costs South Africans an estimated R245bn a year, and policies are needed to mitigate its harm in the same way that smoking is tackled. Read more >>
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 | Thabiso Mochiko The Independent Communications Authority of South Africa (Icasa) released the final regulations on mobile termination rates on Wednesday, 29 January, that will see Vodacom and MTN pay 44c a minute to small operators‚ a decision the JSE-listed companies are likely to oppose. Read more >>
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 | MILAN, ITALY: Italian car company Fiat announced on Wednesday (29 January) it was changing its name to Fiat Chrysler Automobiles (FCA) after completing the purchase of US car manufacturer in a move that Fiat chairman John Elkann said "heralded a new chapter". Read more >>
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 | TOKYO, JAPAN: Japan's Canon said that it missed its full-year profit target because of a slump in demand for its digital cameras as consumers increasingly turn to smartphones to take pictures. Read more >>
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 | THE HAGUE, THE NETHERLANDS: Electrical appliance and household goods group Philips switched back into profit in for 2013, the company said. Read more >>
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More International
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 | The spending of R122m on hiking the wages of Johannesburg municipal officials has been branded "doubly offensive" in light of the city's service delivery failings and the dire financial straits most of its residents are now in. Read more >>
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 | South Africa's national carrier, SAA, reported a loss of R1.2bn before tax in results for 2012 and 2013, published months late. Read more >>
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More Government news
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The Department of Industrial Engineering at Stellenbosch University is seeking to appoint a senior lecturer (spesialising in enterprise engineering) and a lecturer (spesialising in asset management). Read more >>
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