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Weekly top stories


Three key activities for sustainable businesses
Good management and business practices will remain the key disciplines for South African businesses that are currently facing challenges presented by labour issues and reduced activity and productivity. read more>>



Finance
Nedbank unveils fourth Green Building
Nedbank Lakeview in Roodepoort, west of Johannesburg, is the fourth occupied Nedbank building to achieve the 4-Star Green Star Rating from the Green Building Council of South Africa (GBCSA). read more>>
Actuarial & Insurance
Insurance schemes hurt medical aids
Medical aid cover could become far more expensive, Wits Professor and Health Economist Alex van den Heever warned at the Board of Healthcare Funders' conference in Durban. read more>>
Banking
Are you surfing in shark infested water?

Rikus Visser, Issued by Meredith Harington

By now most of us have received an email that requires one to click on a link to update your banking details. Hopefully we are all aware that these are scams and that no South African bank will ask you to update any banking details via an email... read more>>
Education & Training
AAT(SA) uplifts accounting standards
SAICA has partnered with the international AAT body to develop AAT(SA), a new locally-based professional body aimed an vastly improving the standards of accounting where the rubber hits the road. read more>>
Financial Services
Eugene... the new face of banking radio?

Danette Breitenbach

Radio has long been the battlefield for banking. Over the past couple of years the banking sector, because of some guy called Steve, became even more competitive. read more>>
UCT to develop future leaders with multi-million rand MasterCard project
The University of Cape Town has entered a R252-million partnership with the MasterCard Foundation to help counteract the effects of 'brain drain' by developing 300 committed next-generation leaders from economically disadvantaged communities across sub-Saharan Africa. read more>>
Markets & Investment
Woolworths asks shareholders for R10bn

Nick Hedley

JSE-listed clothing and food retailer Woolworths will raise about R10bn to repay the part of the money it borrowed to pay for its R21.6bn takeover of David Jones, the Australian retail chain. read more>>
PMI up from 45.9 in July to 49 in August
Activity in the manufacturing sector improved last month as workers that had gone on a month-long strike returned to work‚ boosting the purchasing managers' index (PMI) read more>>
Rosebank Mall renovation hurts Hyprop's profits

Alistair Anderson

The cost of renovating the Mall of Rosebank contributed to Hyprop Investment's profit falling in the year to June, but the real estate investment trust (Reit) nevertheless raised its distribution 11.3% to R4.72. read more>>
New vehicle sales in August fall to 55‚722
New vehicle sales in August dropped 1.40% year-on-year to 55‚722‚ according to automotive data released this week. read more>>
Morvest revenue up to R1.1bn
Morvest, a JSE-listed support services provider reported revenue growth of 15% to R1.1bn for the year to May. read more>>
Net1's earnings improve as it moves beyond SA

Thabiso Mochiko

Net1 UEPS Technologies reported a rise in earnings for the year to June‚ boosted by a $26.6m recovery for the South African Social Security Agency (Sassa) contract it lost in a court dispute. read more>>
No retrenchment of Ellerines workers yet
The business rescue practitioners for Ellerines have not yet decided whether or not to retrench employees. read more>>
RCL Foods reports loss of 47.7c a share
RCL Foods has fallen to a headline loss of 47.7c a share from profits of 4.8c a share last year mainly because of a surge in finance costs. read more>>
Adcock Ingram bleeding money
Drug maker Adcock Ingram reported a headline loss per share of 179.5c for the nine months to June from headline earnings of 271.7c in the prior period. read more>>
Better days ahead for SA Corporate

Joan Muller

It seems perennial under-performer South Africa Corporate Real Estate Fund has finally turned the corner after completing internalisation of its management company. read more>>
Title deed handover will open formal housing market

Fifi Peters and Sikonathi Mantshantsha

The expected handover of more than a million title deeds to owners of subsidised houses during the next five years could speed up the opening of the formal property market in areas like Soweto. read more>>
Solidarity asks MTN to find alternative to layoffs

Samuel Mungadze

MTN has defended its retrenchment plans‚ which has been criticised by the trade union Solidarity and says the process was partly to review the cost structure of operations in South Africa‚ and allow the company to deliver on strategic investments and product innovation. read more>>
Tertiary education changes successful says Advtech
Private education group Advtech said the turnaround in its tertiary education division had been successful and a sound pattern of enrolment growth was evident throughout its businesses. read more>>
Distell sets R500m aside for Africa expansion

Nick Hedley

Distell Group has set aside more than R500m for investments in various African countries and it will fund the investment through a cost saving and supply chain efficiency programmes‚ the liquor group claims. read more>>
Ascension surpasses its own growth targets

Nick Hedley

July PPI drops marginally to 8%
Grand Parade's earnings drop 26%
Growthpoint distributes 161.3 cents per share

Fifi Peters

Taxation & Regulation
Tolls will keep SA's roads servicable says Cesa

Philani Nombembe

Engineers have urged Gauteng motorists to pay e-tolls or face the danger of road infrastructure going the way of Eskom - deteriorating to the point that billions of rands are needed to rebuild it. read more>>
International
Malaysia Airlines to cut staff and routes
KUALA LUMPUR, MALAYSIA: Malaysia Airlines will slash thousands of staff, trim routes, replace its chief executive and consider strategic stake sales to outside investors as part of plans to save it from bankruptcy after two devastating disasters. read more>>
Russian hackers break into JPMorgan
NEW YORK, USA: Hackers believed to be from Russia broke into the computer systems of JPMorgan Chase and a second US bank earlier this month, sparking a federal investigation, US media has reported. read more>>
Porsche's former boss to stand trial
Apple's bid to stop sales of Samsung products denied
Amazon buys Twitch for $970m
More International
Africa
eID card breaks down barrier of financial inclusion
The pilot programme of the MasterCard-branded National eID card was launched on 28 August in the Nigerian capital, Abuja. read more>>
More Africa
Government
Government says it will protect textile sector
Government is determined to protect South Africa's clothing and textile sector, which has shown growth in recent years, says the Department of Trade and Industry (DTI). read more>>
AG to probe corruption in Westonaria
The Auditor-General's (AG) office will commence its investigation into allegations of corruption and maladministration at the Westonaria Local Municipality. read more>>
Government seeks to transform economy
Deputy President Cyril Ramaphosa says government is working hard to build an economy that is able to generate jobs, while improving export competitiveness. read more>>
GDP creeps up narrowly avoiding recession
South Africa's Gross Domestic Product (GDP) increased by 0.6% in the second quarter of this year according to figures released by Statistics South Africa. read more>>
Public servants must 'serve' the public
Jo'burg, Tshwane voice concerns over e-tolls
Gauteng's e-tolls consultation gets underway
More Government news
Jobs offered


New events to diarise
Short course in economic literacy
Continuing Education at the University of Pretoria - 28 Oct 2014 to 31 Oct 2014 Pretoria

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Market Segmentation & Product Analysis Conference
Trade Conferences International - 3 Sep 2014 to 4 Sep 2014 Johannesburg

Finance for non-financial managers
Pietermaritzburg Chamber of Business - 3 Sep 2014 Pietermaritzburg

All industry news

Marketing & Media
    The blurred lines between online marketing and advertising - Kamogelo Modise
    The future of TV and advertising and why we should be excited - Adelaide Potgieter

    Medical
      Regular screenings provide early warnings - Andrew Edwards
      Intellectual disability should not mean physical inactivity
      Hay fever season could peak following wet winter - Mariska van Aswegen

      Retail
        Evolution of point-of-sale systems
        Pick n Pay opens new price matching front - Zeenat Moorad
        Update on CPA at Consumer Complaints Management conference
        Massmart takes knock from Game - Zeenat Moorad

        Mining
          Rotary lobe compressor showcased at Electra Mining expo
          MD calls for removal of barriers to entry into engineering for women

          CSI
            TEAMtalk media provides opportunities in sports journalism
            Cathay Pacific and Trees for All plant trees to uplift SA communities
            Kumba invests R10.5m in solar-powered internet school initiative

            Agriculture
              SU and ETH Zurich sign food security research agreement
              Dedicated beneficiaries reap what they sow
              Chevron announces tractor restoration competition winners

              Building
                Africa Engineering Week aims to change lives
                Brick manufacturer invests in Pilot crusher

                GreenBiz
                  Environmental and infrastructural projects handed over
                  Amendments to Environmental Act to take effect

                  HR & Recruitment
                    CNN launches Smart Business
                    New app aims to simplify the absenteeism reporting process
                    Taking the pain out of conducting criminal checks

                    Legal
                      Sexual harassment vs inappropriate comment - Olivia Eleanor Timothy and Zaryl Bhero
                      Agreements between Competition Commission, regulators concluded - Leana Engelbrecht

                      Manufacturing
                        GPI, Tellumat enter into joint manufacturing venture
                        Intellectual property leakage a major threat for manufacturers, report finds

                        Property
                          The risk of renting out one property - Martin Goodman
                          Has social media changed the face of real estate?
                          Expert tips on managing your rental property - Davis Miller
                          RICS releases sub-Saharan African property market report

                          Education
                            BYM summit to bring Africa's 100 brightest young minds together

                            Tourism
                              Get ready for Bombay Brasserie's Chilli Festival
                              SA pumps R100m into tourism industry - Nosihle Shelembe
                              Tips for a safe and stress-free visit to Mozambique
                              fastjet launches Tanzania-Uganda route

                              ICT
                                Data cannot work in isolation of analytics
                                CIOs need to embrace digital ethics

                                Logistics
                                  fastjet aims to launch airline base in Kenya
                                  flydubai adds three new routes in East Africa

                                  Lifestyle & Entertainment
                                    Standard Bank Chenin Blanc Top 10 Challenge winners announced
                                    Taste of Africa to feature at the Soweto Wine & Lifestyle Festival
                                    Win a trip to Dubai with Vida e Caffè

                                    Automotive
                                      All-new Mustang rolls off production line
                                      Western Cape used vehicles cheapest in SA
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