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Finance & Insurance

Weekly top stories


SA banks' satisfaction score declines
According to a survey conducted during the 4th quarter of 2013 by the South African Customer Satisfaction Index (SAcsi), customer satisfaction amongst South African banking consumers declined by 2.6% compared to last year's rating. Read more >>


Finance
IMF report reveals vulnerability of SA economy
Although the findings of the International Monetary Fund (IMF) report on South Africa, released in October 2013, were wide ranging, an observation of particular relevance to South Africa and our current investment climate was the IMF's concern relating to our vulnerability to foreign capital flow reversals. Read more >>

Vehicle and home-buying patterns changing in South Africa
The two largest asset purchases with ongoing expenses that typical middle- to high-income consumers are faced with are houses and vehicles. Read more >>

Cost-effective data should be a basic right
Latest statistics from World Wide Worx reveal that 90% of the 6.4 million South Africans who access the internet in South Africa rely solely on an internet connection on their mobile phones. As such, the theme of this year's World Consumer Rights Day - "The rights of mobile technology users" - being celebrated in March, is highly relevant in South Africa. Read more >>

Actuarial & Insurance
Cancer claims are on the rise, says Liberty

Phakamisa Ndzamela

Liberty Holdings paid R2.7bn in claims last year compared with about R2.3bn in 2012‚ with cancer contributing the largest sums in the natural causes segment‚ it said last week. Read more >>

Santam and UNICEF spotlight children's rights through art
This year marks the 25th anniversary of the Convention on the Rights of the Child (CRC). Read more >>

Combined policies can reduce insurance premiums
Various factors indicate that short-term premiums will increase this year, but the good news is that there are things that consumers can do to offset premium increases. Read more >>

Accounting & Auditing
Independent accounting practices vital to achieving the NDP's SME goals
Research has shown that the services of a chartered accountant can add value beyond mere bookkeeping to a small business. Read more >>

Financial Services
No need to panic over credit 'amnesty'

Amanda Visser

The grave danger with legislative changes is that they can have unintended consequences; at the very least they may be disruptive to commerce and cause confusion among consumers if the changes are not communicated well. Read more >>

Markets & Investment
Hotels show signs of recovery from slump

Alistair Anderson

The South African hotel sector looks to be emerging from its post-Soccer World Cup slump based on occupancy and room-rate figures from last year. Read more >>

German property group planning to list on JSE

Joan Muller

The property listing boom between 2011 and 2013 may well have made way for a period of consolidation but new listings have not dried up completely‚ with German property company Sirius Real Estate looking to make its debut on the JSE later this year. Read more >>

Beverages business keeps Bowler Metcalf's earnings under pressure

Nick Hedley

Plastic packaging manufacturer and beverage bottler Bowler Metcalf reported an "unavoidable" 14% fall in earnings as margins were squeezed in its beverages business. Read more >>

Motor trade sales up 2.4% y/y in January
Motor trade sales (measured in nominal terms and current prices) increased by 2.4% year-on-year in January‚ Statistics SA has reported. Read more >>

Unilever revenue up 8.9% amid growth constraints

Marc Hasenfuss

Household brands conglomerate Unilever appears to be battling just as hard as its listed peers‚ Tiger Brands and AVI‚ for growth amid shrinking discretionary spending as embattled South African consumers continue to tighten their purse strings. Read more >>

Manufacturing confidence up 5 points says BER
Manufacturing business confidence improved in the first quarter of 2014‚ as exports benefitted from a weak rand that supported the export earnings of manufacturers. Read more >>

A selection of business news briefs
A selection of short items from around the business community, published in a single, easily-digested single article to provide a snapshot of developments over the past few days. Read more >>

Citadel launches 20 Hats campaign
Busking for social change is exactly what Citadel Wealth Management did as it celebrated its 20th birthday in February. Read more >>

Gold - What does 2014 have in store?
Although gold lost almost 30% of its value last year, the rebound during the first few months of 2014 has left investors uncertain... Read more >>

China wins lion's share of Transnet's train tender

Razina Munshi and Mark Allix

China's two largest rolling-stock manufacturers are the biggest winners of a R50bn deal to manufacturer more than 1,000 locomotives for Transnet‚ confirming South Africa's preference for doing business with members of the Brics alliance. Read more >>


International

Oman to privatise airline, telecommunications companies
MUSCAT, OMAN: Oman plans to privatise its loss-making national carrier Oman Air and continue selling chunks of its telecommunications company Omantel to local investors, Finance Minister Darwish al-Balushi said last week. Read more >>

Thailand arrests infamous hacker wanted by Switzerland
BANGKOK, THAILAND: An infamous computer hacker has been arrested in Thailand at the request of Switzerland on suspicion of hacking into bank computer systems in Europe. Read more >>


More International


Government

Tougher code of conduct for MPs on cards

Carol Paton

Members of Parliament will no longer be allowed to do business with the government and they will have to declare state contracts and tenders awarded to family members‚ in line with a tough new code of conduct set to come into force after the election. Read more >>

The great pothole problem

Phetane Rapetswane

Potholes are an indicator of poor maintenance and lack of technical skills - and are the tip of the iceberg of South Africa's infrastructure problems. Read more >>


More Government news


Jobs offered




New events to diarise

Banking Customer Conference
Trade Conferences International - 14 May 2014 to 15 May 2014 Johannesburg

Shared Services & Outsourcing Summit: Africa
IQPC - 24 Jun 2014 to 26 Jun 2014 Johannesburg


Upcoming events

Gauteng Funding Fair
25 Mar 2014 to 26 Mar 2014 Johannesburg

Sage VIP Annual Payroll and Tax Seminar 2014
Sage VIP - 27 Mar 2014 to 4 Apr 2014 Pretoria,Cape Town,Umhlanga,Polokwane (Pietersburg),Nelspruit


All industry news


Marketing & Media
    SA YouTube views increased in 2013 by over 90%
    Embracing social media monitoring - Jaco Pienaar

    Retail
      Risks to consider before launching online - Brendon Williamson

      Government
        Government claims it 'welcomes' Public Protector's report
        Call centre a lifeline for women

        Mining
          Prime mining assets go on auction

          CSI
            New library unveiled in Mitchell's Plain
            Eastgate promotes education with donations

            Agriculture
              Minister Molewa promotes blue economy
              Sierra Leone: nursing agriculture back to health - Kingsley Ighobor and Ernest Harsch
              New water pipe for Jerome Drive Reservoir

              Building
                N West looks to fast track funds to fix flood damage
                African tycoon draws Nigeria, France into 'cement war' in Senegal

                GreenBiz
                  Buffett Foundation supports rhino poaching combat
                  Honour the earth during Earth Hour
                  SA, Vietnam clamp down on wildlife poaching

                  HR & Recruitment
                    [BizCareers] Career U-turn - Juliette Attwell
                    The birth of Invincible People - Alyn Adams
                    Companies prefer experienced leaders

                    Legal
                      Social media can destroy trust relationship
                      Revised B-BBEE Codes transitional period extended
                      Is this one way Oscar Pistorius will get off? - Sid Peimer

                      Manufacturing
                        Brazil Trade Mission to Africa 2014

                        Property
                          Ask the right questions when buying a home
                          Professionals grab bulk of new property investment class

                          Education
                            Careers, bursaries in fresh produce sector showcased at Agri-Food Fair
                            Millions to benefit from collaboration between universities
                            Registration for International Maths Olympiad at an all-time record

                            Tourism
                              The Park Inn Sandton wins Gold Circle Award
                              SA Rugby Travel secures World Cup tickets
                              Youth travel growth in Cape Town

                              ICT
                                YouTube on crash course in SA
                                The personal cloud - taking digital storage to new heights - Anamika Budree
                                Business expectations of IT higher than ever before - Warren Olivier
                                Take the SAM opportunity to optimise data management - Gary Allemann

                                Lifestyle & Entertainment
                                  Oink oink - I'd love some pork! - Nina Timm
                                  Zabalaza Festival award winners announced
                                  Assitej SA partners the Naledi Awards

                                  Automotive
                                    Imperial Auto partners with Headway Gauteng
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