19 Feb 2013

Automotive

 

So where are our taxes going?

According to an article by Amanda Visser, fewer than half of government departments are able to provide "credible and quality information" in their financial reports. Quoting auditor-general Terence Nombembe, it seems state finances are regressing.

It's bad enough when we hear of our tax monies being wasted through the need (call that greed) of individuals within government deciding to spend millions on parties, luxury cars, first-class travel and so on, but it's almost worse when even the auditor-general has an issue with the departments and municipalities' accounting standards, and we then don't know where money is going or how it is being spent or wasted.

Do you want to know what the best programs to protect passwords are? Subhash Chandra has some suggestions for you.

On the aquaculture front, the environmental impact guideline for aquaculture has been published for public comment. You can download the entire document from the article on Bizcommunity.com.

As if being taxed to poverty weren't enough, and then discovering that the average government department and vast majority of municipalities have a less than stellar record when it comes to accounting practice, it seems like the petrol price may go up 87c a litre.

And to think that one day these will be the bad old days...

Rod Baker: Content Director

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Petrochemical

Petrol price may go up 87c a litre
Consumers may be in for a hard time as the petrol price is expected to rise by up to 80 cents a litre next month‚ an economist said on Friday,15 February 2013. Read more >>


Automotive

Goodyear sponsors the Forever Wild Rhino Protection Initiative
Goodyear Wranglers will be used by rangers on the Forever Wild Rhino Protection Initiative team following the tyre manufacturer's sponsorship of the rugged, high-performance 4x4 tyres to help give the anti-poaching teams an advantage when patrolling the country's nature reserves. Read more >>


Components & Parts

Franchise Direct breaks ground in South Africa
Global franchise directory, FranchiseDirect.co.za has found success upon its entry into South Africa having acquired a new franchisee for Battery Clinic, the country's first approved reconditioning battery franchise specialising in both new and reconditioned batteries. Read more >>


Fleet Management

Renault launches Sandero Stepway Roxy Louw Limited Edition
The Renault Sandero 2013 line-up is now complemented by the addition of the super exclusive Stepway Limited Edition and international surfing star and model Roxy Louw is to be the official ambassador of the Renault Sandero range. Read more >>

Supergroup's revenue and profits up
Supergroup has reported a rise in revenue of 16% to R5,4bn and an increase in diluted headline earnings per share of 92.2 cents for the six months ended December. This compares with from 79.2 cents a year ago. Read more >>


Retail

Western Cape licence fees to rise 5,3%
Western Cape motorists have four weeks to object to a proposed 5.3% increase in licence registration fees, provincial transport authorities said on Monday (18 February). Read more >>

Motor trade sales rise 5.5%
Motor trade sales (measured in nominal terms and current prices) increased by 5.5% year-on-year in December‚ compared with an 11.1% year-on-year increase the month before‚ Statistics SA reported last week. Read more >>

Geely becomes top-selling Chinese standalone brand
NAAMSA figures for new car sales in South Africa dwindle in comparison to that of the world's youngest, yet biggest, car market in China - 1.72 million passenger cars in a month, and over 50% growth above that of January 2012. Read more >>


International
GM's earnings up by 89%
WASHINGTON - General Motors' fourth quarter earnings jumped 89% but were held back by US$700m in losses on its European operations, the company said on Thursday (14 February). Read more >>

Peugeot's huge loss of €5bn
PARIS - Embattled French car manufacturing company PSA Peugeot Citroen announced on Wednesday (13 February) that it had made a huge net loss of €5bn for 2012, the worst results in its history. Read more >>

Michelin's net profit of €1.6bn for the year
PARIS, FRANCE: French tyre company Michelin reported a 7.4% rise in net profit in for 2012 with a boost from capital gains but was cautious about the outlook for the market this year. Read more >>

More International...


Motoring
Focus ST breathing down neck of the GTI
[Henrie Geyser: motoring editor] The Ford Focus ST might not have the charm and iconic hot hatch status of the VW Golf GTI but it comes wrapped in a price and performance package that poses quite a threat to the champion. Read more >>

Fortune cookie says new car for R99,990
[Henrie Geyser: motoring editor] A good few years ago Chinese carmaker Geely rattled the entry-level car market in this country by offering an entry level city car for only R9,999. Now they have done it again by adding a zero to that figure and by putting its small, rather well-specced sedan on dealer floors for just R99,990. Read more >>

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