5 Mar 2013

Automotive

 

The taxman cometh

Of course, the big news over the past few days has been Pravin Gordhan's budget speech, which has been dissected and analysed, as usual. Not least of these analyses is that by Nedbank Private Wealth, which provided its observations on the 2013-14 Budget Speech.

Gordhan's budget, as usual, was somewhat of a balancing act, but what taxpayers everywhere would like to see is action, not just words, on corruption, mismanagement and waste. After all, we all realise we have to pay taxes, but we want to see our tax monies being used where it matters - and properly, across the board.

Our planet is our only home, so we'd better do better in looking after it. One way of doing so is through protecting and nurturing biodiversity, which, says minister of water and environmental affairs, Edna Molewa, contributes to economy - she says the benefits derived from biodiversity or ecosystem services are estimated at R73bn, contributing to 7% of South Africa's GDP per annum.

We've heard it all before... this plan and that plan to create jobs - or "job opportunities" - and this time it's the KwaZulu-Natal provincial government that says it will assist in creating 11m jobs by 2030.

Job creation is absolutely vital for the future of this country; some fear the levels of frustration and despair among the unemployed could rise to such levels as to lead to civil unrest. Hence, any plan to create jobs is to be welcomed... but how many have there been, and what successes have they achieved? Governments - provincial and national, need to be wary of over-promising and under-delivering.

Is it the end of the land line? Mitchell Barker says that landline users in South Africa are cutting the cord.

Finally, our not so frugal, but fast and fancy motoring editor Henrie Geyser reckons that the new Ford Fiesta is just that... frugal, fast, fancy.

Rod Baker: Content Director

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Editorial news

Automotive

Bidvest results 'reasonable' says Joffee
[Alistair Anderson] Industrial conglomerate Bidvest on Monday (4 March) said it was pleased with its financial results for the six months to December given tough trading conditions in many regions‚ with chief executive Brian Joffe attributing the solid earnings growth to good management over the group's multitude of subsidiaries. Read more >>

Electric cars on SA roads soon
PRETORIA: As the world battles to find ways to avoid the threat of climate change, South Africa says it will also show how vehicles powered by renewable energy could contribute to cutting carbon emissions. Read more >>

Legal and compliance manager for Continental Tyre SA
Continental Tyre South Africa (CTSA) has strengthened its compliance with the wide range of legal, policy and contractual matters that it faces on a daily basis by appointing a legal and compliance manager for the first time. Read more >>


Manufacturing

Prototype car using joystick engineering at Disability Drive Expo
NGO Nicky's Drive, the Cape Peninsula University of Technology (CPUT) and the Disabled People Inclusion Institute (DPII) have partnered to produce the first ever locally engineered prototype car using joystick engineering. The car is set to make driving more accessible for disabled persons in South Africa. Read more >>

Carbon tax may hurt heavy industries
[Edward West] The introduction of a carbon tax is likely to have a great effect on the cost structures of South Africa's heavy industries‚ say analysts. Read more >>

GDP growth up in final quarter of 2012
Economic growth quickened more than expected in the last quarter of 2012‚ as agriculture and manufacturing industries supported growth while mining was a drag‚ Statistics SA figures released on Tuesday (26 February) showed. Read more >>


Retail

Bumper month for vehicle exports in February
[Alexander Parker] Sales of new vehicles increased slightly in February‚ the National Association of Automobile Manufacturers (Naamsa) said on Monday (4 March)‚ but at a much reduced rate. Read more >>

New vehicle sales idling along
[Henrie Geyser: motoring editor] Local new vehicle sales lost some momentum in February with a gain of only 1.6% over February last year but exports rocketed 22.4% higher than the previous year. While local sales were only up 832 vehicles to 53,220, exports increased by 5,057 to 27,611. Read more >>

Petrol price set to increase
The price of all grades of petrol is to go up by 81 cents as of next week, the Energy Department announced on Friday, 1 March 2013. Read more >>

Mercedes-Benz halts SAFA deal
The fleet of Mercedes-Benz S350 cars being used by top officials of the South Africa Football Association (SAFA) will be handed back following the ending of a contract between the organisation and Mercedes-Benz SA (MBSA) Read more >>


International
Cars are the latest smartphone 'accessory'
BARCELONA, SPAIN: Automobile giants at the world's biggest mobile fair are showing off a new technology that turns a car into a smartphone accessory, allowing a driver to use cutting-edge apps without veering off the road. Read more >>

More International...


Government
Carbon tax from 2015
[Angus Macmillan] Carbon tax‚ here we come. With effect from 1 January‚ 2015‚ a carbon tax rate of R120 per ton of carbon dioxide equivalent will be introduced‚ the National Treasury said in its Budget Review document released on Wednesday (27 February). Read more >>

Green technology must be priority
Green technology is essential to guarantee South Africa's energy security and reduce reliance on imported oil, Water and Environmental Affairs Minister Edna Molewa said in Pretoria West on Tuesday (26 February). Read more >>

More Government news...


Motoring
Fiesta ... frugal, fast, fancy
[Henrie Geyser: motoring editor] Ford has refreshed and reshuffled its impressive pack of Fiestas, dropping the 1.6 Ambiente and 1.6 Titanium and introducing three new engines with a baby 1.0-litre turning out to be the star of the show. Read more >>

More Motoring news...


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