19 Aug 2014Contact usSubmit newsAdvertise on bizList your companyHome
  My account

Finance & Insurance

Weekly top stories


Surveys shows a decline in Africa's business confidence
The latest findings of the Global Economic Conditions Survey (GECS) show that the second quarter of 2014 was a particularly difficult time for many African economies. read more>>



Finance
King III code must be complemented by fraud risk governance
Business leaders are becoming increasingly aware of the need to create policies, programmes, and controls to address fraud and misconduct. This is according to Peter Goss, head of Forensics and Public Sector Leader at SizweNtsalubaGobodo. read more>>
Actuarial & Insurance
Insurers expect some earthquake claims

Adele Shevel

Hundreds of insurance claims have flooded in after the earthquake that rocked parts of South Africa this week. read more>>
Insight for the insurance industry
A tidal wave of data is drowning the enterprise. A terabyte, maybe two a few years ago, has grown to several petabytes for the larger entities and most cannot cope with the speed and velocity at which this data is coming at them. Moreover, the vast majority of the data is unstructured, meaning that some 80% of data isn't stored in manageable and easy-to-use databases. read more>>
Banking
African technology expands to Europe
Africans have long used technology developed abroad, but now a Kenyan cash transfer network which bypasses banks is being adopted in Europe... read more>>
Markets & Investment
Sun International sells some African assets
Sun International says it will sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International Public Co (Mint) for R664m. read more>>
Super Group 'delivers' its own set of excellent results

Mark Allix

Super Group‚ an industrial transportation operator‚ says it delivered "an excellent set of results" for the year to June‚ with earnings growth resulting from its integrated logistics plan. read more>>
Maties Business School is best place for an MBA

Samarah Lagerdien

The University of Stellenbosch Business School has been rated the best in SA for MBA and MBL degrees for the third consecutive year. read more>>
Resilient gives shareholders 20,9% more in payouts

Joan Muller

Des de Beer and his team's ability to make money for Resilient shareholders is underscored by the 20,9% increase in income payouts achieved for the year to June. read more>>
Interest rates expected to rise slowly
Tom Elliott, an international investment strategist at deVere Group, has urged investors to keep calm and carry on. read more>>
Mining lekgotla underway at Gallagher Estate
The Mining Lekgotla has officially kicked off at Gallagher Estate, with the gathering set to see many robust discussions on issues around transformation and the industry's role in growing the country's economy. read more>>
Eastern Cape needs funds for Argentinian soya joint venture
The Eastern Cape Development Corporation (ECDC) is talking to government and private companies to help fund a multimillion-rand agricultural venture to farm soya beans. read more>>
Thought-leaders optimistic about SA's future
Although strike action is disruptive and a sign of declining relations, it is also part of normality. Wage negotiations take place every few years and are part of collective bargaining. read more>>
Plan to lease Granary to Tutu's Legacy Foundation
The City of Cape Town is proposing a sweet property deal for The Desmond & Leah Tutu Legacy Foundation with the hope that it will help rejuvenate the grimy inner city centre. read more>>
Hyundai's delivery vans to be assembled in SA

David Furlonger

South Korean car manufacturer Hyundai is preparing to build vehicles in SA and has confirmed it will assemble light delivery vehicles in Gauteng from next year. read more>>
Data becomes MTN's new turf war

Asha Speckman

Africa's largest cellular company, MTN, which reported a 9% rise in half-year profits last week and now has 215m subscribers across the world, has a plan to boost flagging revenue in South Africa. read more>>
Informal sector stagnates amid employment woes

Amanda Visser

The latest survey of employers and self-employed South Africans by Statistics SA shows the informal sector's contribution to gross domestic product has remained at about 5% from 2001 to 2013. read more>>
Denel making sustainable profits again

Linda Ensor

The annual financial results released by state-owned arms manufacturer Denel show that the company has returned to profitability on a sustainable basis‚ group Chief Executive Riaz Saloojee says. read more>>
Minister announces conditions for establishing a business

Michael Yeates and Shane Johnson

A foreign national who intends establishing a business or investing in a business that is established within the Republic of South Africa will need to obtain a certificate from an accredited chartered accountant which verifies that an amount prescribed by the Minister of Home Affairs is available. read more>>
Taxation & Regulation
SA needs its Integrated Energy Planning

Charlotte Mathews

The imminent revival of the Integrated Energy Planning (IEP) process, which allows the public to give its views on what SA's future energy mix should be, provides an opportunity to move well beyond conservative and fatalistic thinking. read more>>
Tyre-recycling businesses protect environment

David Furlonger

A five-year initiative to create a sustainable industry to recycle millions of scrapped tyres every year, is making progress and attracting international interest. read more>>
Gauteng may give properties to small firms
Even before its assets registration process has been completed, the Gauteng provincial government has already identified more than 37,000 properties, many of which it is looking to offer to township businesses. read more>>
International
Samsung buys US firm SmartThings
SEOUL, SOUTH KOREA: Samsung is buying a US home automation start-up SmartThings, as the South Korean electronics company seeks to expand beyond the increasingly saturated smartphone market. read more>>
India is no longer a land of 'snake charmers and black magic'
NEW DELHI, INDIA: India's Prime Minister Narendra Modi said a "digital India" could compete with the world and hailed its information technology professionals for banishing the country's image as a land of "snake charmers and black magic". read more>>
Lenovo's profits rise by 23% to $214m
HONG KONG - Lenovo has posted a 23% jump in quarterly net profit, beating market estimates as the Chinese technology company logged strong sales of personal computers and smartphones. read more>>
Cheap smartphones boost Android platform
WASHINGTON, USA: A rise in low-cost smartphone sales, notably in emerging markets, helped Google's Android platform extend its dominance in the mobile market in the second quarter according to a survey released this week. read more>>
10m PlayStations sold in ten months
TOKYO, JAPAN: Sony says that global sales of its newest PlayStation have past the 10m mark in less than a year, a record for the Japanese electronics company. read more>>
Video advertising available on Twitter
SAN FRANCISCO, USA: Twitter has unveiled a new advertising program that delivers "promoted videos" to the tweet stream of users of the popular messaging platform. read more>>
More International
Government
Rural cooperative wins NW entrepreneur award
A rural agricultural cooperative, which uses animal fat to make bars of soap won the 2014 North West Female Entrepreneur Award. read more>>
Government to 'create' 100 black industrialists

Nosihle Shelembe

Government has set itself the goal of 'creating' 100 black industrialists in the next three years to contribute to the economy and create jobs, Deputy Trade and Industry Minister Mzwandile Masina said. read more>>
Quake victims grateful for assistance
Pretoria - Matlosana Local Municipality residents, affected by last week's earthquake, have expressed their satisfaction and gratitude to the North West provincial government and the Gift of the Givers Foundation, for their continued efforts to assist them. read more>>
No truth in rumours over nationalisation of pension funds

More Matshediso

Government has no intention of nationaliseing people's pension (or provident) funds, or preventing them from accessing their money, says the Department of Basic Education. read more>>
Postive results likely from US-Africa summit says Davies
South Africa and Africa in general benefitted immensely from the recent US-Africa Leaders' Summit held in Washington last week, Trade and Industry Minister Rob Davies said on his return. read more>>
Billions to be spent on railway commuter network
The Department of Transport will, over the next three years, invest billions of rands in the country's transport infrastructure in a bid to reduce road deaths. read more>>
More Government news
Jobs offered


New events to diarise
Private Banking Wealth Management Conference 2014
Trade Conferences International - 15 Oct 2014 to 16 Oct 2014 Johannesburg

Upcoming events
Wills, estates and financial planning
UCT Professional Development Project - 20 Aug 2014 to 21 Aug 2014 Cape Town

Key account management masterclass
TP Training Solutions - 20 Aug 2014 to 21 Aug 2014 Johannesburg

AFRENCO | Women in Business Gala Banquet
african Entrepreneurs Congress (AFRENCO) - 21 Aug 2014 Sandton

"Get your money" workshop
21 Aug 2014 to 9 Sep 2014 Durban,Cape Town

Interviewing and people skills for fraud examiners
CE@UP - 25 Aug 2014 to 29 Aug 2014 Pretoria

All industry news

Marketing & Media
    Effective community engagement is vital for CSI success
    New out-of-home research model launched for South Africa
    The awesome power of an apology - Chris Moerdyk

    Medical
      Doctor fights to work in SA

      Retail
        Yuppiechef.com goes international
        Trendspotters at SACSC Congress this week
        Food and beverages industry income up in June

        Government
          Grovel, grovel, Telkom's in trouble - Rob Rose
          SA's Ebola fears but no confirmed cases
          Call for Land Bank to boost commercial farming - Nosihle Shelembe

          Mining
            Calls for Africa to beneficiate its minerals - Chris Bathembu
            Mining Lekgotla to tackle challenges

            CSI
              Renewable energy to aid education
              Always launches #LikeAGirl campaign
              RE/MAX Living voted best community supporter

              Agriculture
                Land Bank to drive commercial agriculture - Nosihle Shelembe
                Maize futures end higher on world markets

                Building
                  Labour probes building sector - Nosihle Shelembe
                  Female-run business awarded GrandWest contract

                  GreenBiz
                    Cavendish campaign focuses on green initiatives
                    SA to increase measures against rhino poaching - More Matshediso
                    First solar-powered internet school in Ghana launched

                    HR & Recruitment
                      Entrepreneurship - the long-term solution to unemployment
                      'Culture eats strategy for breakfast' - Jane Stevenson
                      Human resource development to move SA forward - Nthambeleni Gabara

                      Legal
                        Polygraph tests must be supported by expert evidence - Jacques van Wyk and Andre van Heerden
                        Please Call Me - the call that came too late - Janine Hollesen

                        Manufacturing
                          Illegal power connections under spotlight
                          Drinkers cannot discern between major beer brands
                          IWC becomes official southern Africa distributor for SATI Filters

                          Property
                            Tips on managing your rental property - Davis Miller
                            Tips for a productive home office - Richard Henn

                            Education
                              Applications open for second intake of Digify
                              [Voices of Conservation] Winners to take part in conservation project

                              Tourism
                                Free entry into Garden Route National Park
                                Walking safaris introduced at Bakubung
                                The Blue Train... a trip down luxury lane - Brian Berkman

                                ICT
                                  Facebook Messenger: Handing over your privacy - Carey van Vlaanderen
                                  Big data is an information management issue, not a storage issue - Bryan Balfe
                                  2014 MTN App of the Year Awards reveals winners

                                  Logistics
                                    New scholar transport policy on the cards
                                    Tertiary qualifications provide relief to a skills strapped industry - Mario Landman
                                    Boeing, SAA and SkyNRG partner to produce aviation biofuel

                                    Lifestyle & Entertainment
                                      Oscar winner - Eugene Yiga
                                      New sponsor and venue for Eat Out awards
                                      One Ingredient, two thumbs up - Sindy Peters

                                      Automotive
                                        Volvo XC90 the first model built on scalable product architecture
                                        Marketing is not an act, it's a habit - Mbongeleni Hlomuka
                                        PrintPrint any item in this newsletter. EmailEmail any item in this newsletter. CommentComment on any item in this newsletter.
                                        Twitter
                                        @Forbes
                                        The ALS Association has now raised $11 million more than it did at this time last year: http://t.co/gbu2EIV1Lr - Tue Aug 19
                                        @WorldBankAfrica
                                        #Africa is The Richest Region For Young Workers And Consumers http://t.co/jgKVpmq1PF http://t.co/smoxEjrr4O - Wed Aug 06
                                        @WorldBankAfrica
                                        RT @WorldBank: "Anytime someone defends discrimination because of culture, reject it": @worldbank president Jim Kim #AfricaSummit #gender - Mon Aug 04
                                        @WorldBankAfrica
                                        "#Africa needs to produce job creators, not job seekers." -John Nassari, YALI Fellow & MP for Tanzania http://t.co/ya4EPqulIH #AfricaYF2014 - Thu Jul 31
                                        @WorldBankAfrica
                                        RT @WorldBankLive: Half of #Africa's population is under 25 yrs old. Can #youth influence Africa's development? Ask Qs: http://t.co/KHsmQWF... - Wed Jul 30
                                        More tweetsFollow

                                        Today's weather
                                        Cpt

                                        17°C
                                        13°C
                                        Jhb

                                        24°C
                                        7°C
                                        PE

                                        23°C
                                        12°C
                                        Dur

                                        29°C
                                        16°C
                                        Bloem

                                        24°C
                                        9°C

                                        Customise weather

                                        Follow us

                                        Browse other industries

                                        Press releases: Distribute your news professionally to over 170 000 subscribers across various industries. Read more about our press offices.

                                        Editorial: We welcome your news, views and comments! Email press releases, invitations, interview requests, and proposals to financenews@bizcommunity.com and exclusive opinion pieces to contributors-finance@bizcommunity.com.

                                        Advertising: We welcome your sales enquiries! Email sales@bizcommunity.com and read more about our advertising rates.

                                        Location: Cape Town (head office): tel +27 (0)21 680 3500 | 24 On Main, Main Street, Rosebank, Cape Town, 7700, South Africa. Johannesburg: tel +27 (0)11 513 4172 | Nicol Grove Office Park, Design Quarter, Leslie Avenue, Fourways, Gauteng, 2055.

                                        Subscribe/unsubscribe: Invite your friends, colleagues, suppliers, customers and partners to subscribe!


                                        © 2014 Bizcommunity.com. All rights reserved.
                                        Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein.

                                        Unsubscribe, Manage subscriptions. Subscribe. Change email address. Change frequency to DAILY.