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Press Archive »

Construction sector to face deepening woes in absence of sustainable energy solution

Published: Thu, 18 Sep 14

Failure by industry stakeholders to act towards finding a sustainable solution for energy constraints will only result in deepening woes for the construction sector         Brian Africa Marketing and Business Development Executive Performance and Custom Bonds Services (PCBS)           Eskom’s ...
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Absa Features Store makes fully customised banking a reality

Published: Thu, 18 Sep 14

Existing and future Absa customers now have the opportunity to fully customise and build their own transactional banking accounts according to their needs and budgets, while enjoying a wealth of lifestyle features. The Absa Features Store intends to make the lives of the banks’ customers easier by providing ...
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Increased Internet access expected to generate more consumer spend across the African continent

Published: Thu, 18 Sep 14

Increased Internet access will generate more consumer spend than any other media product or service in the next five years in the South African entertainment and media industry, according to a report issued by PwC today. Combined revenues from Internet access and Internet advertising will account for an estimated ...
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Absa puts Small and Medium Enterprise development under spotlight

Published: Thu, 18 Sep 14

Absa in association with the Durban Chamber of Commerce and Industry is hosting a Small Micro and Medium Enterprise (SMMEs) conference with the theme: The Challenges of Market Access in Durban. Entrepreneurs will interact with corporates from manufacturing, engineering, services and transport sectors who will be providing ...
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World Export Development Forum: Africa is open for business

Published: Thu, 18 Sep 14

(Kigali, Rwanda) – Africa is open for business. This was the unanimous message from business and government leaders attending the World Export Development Forum (WEDF), in Kigali, Rwanda. The flagship event of the International Trade Centre (ITC), which was held in Africa for the first time, demonstrated that ...
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AABLAS return to recognise African business excellence

Published: Thu, 18 Sep 14

East African Nominees for 2014 awards announced Africa’s most prestigious business awards, the annual CNBC Africa All Africa Business Leaders Awards Presented By Johnnie Walker Blue Label (AABLA), launch in Nairobi, Kenya, this month, celebrating the pioneers and game-changers in the Continent’s business ...
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Actuarial Society to investigate unsecured lending practices

Published: Wed, 17 Sep 14

The recent curatorship of African Bank has shown that a one-size-fits-all approach to managing risk in the banking and lending industries is fundamentally flawed. Michael Tichareva, chairperson of the Banking and Finance Committee of the Actuarial Society of South Africa, says banks involved in unsecured lending require ...
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ITC announces launch of the SME Trade Academy

Published: Tue, 16 Sep 14

(Kigali/Geneva) The International Trade Centre (ITC) is establishing a trade academy for small and medium-sized enterprises (SMEs) to offer practical, vocational training online for SMEs and trade advisors in the public and private sectors. ITC Executive Director Arancha González announced the launch of the ...
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Base Erosion and Profit Shifting Project high on SA Government Agenda

Published: Tue, 16 Sep 14

BEPS: the OECD releases the first round of recommendations that are intended to bring about the most significant reform of the international tax system since the 1950s The Base Erosion and Profit Shifting (BEPS) Project is high on the agenda of the South African Government. Senior government officials, including ...
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President Kagame opens the World Export Development Forum in Kigali

Published: Tue, 16 Sep 14

(Kigali, Rwanda) - President Paul Kagame today opened the World Export Development Forum (WEDF), which is taking place in Kigali, Rwanda. More than 800 delegates from 73 countries are attending the event. President Kagame told the gathering that the right cultural mind-set is critical to transform an economy. ‘The ...
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SA’s major banks perform well despite a difficult and challenging operating environment

Published: Tue, 16 Sep 14

Combined headline earnings up 13. 1%; average ROE of 17. 1%; bad debt expenses down 9. 6%; total operating income up 9. 5%; operating expenses up 9. 8% The financial results of South Africa’s four major banking groups (Barclays Africa Group, FirstRand, Nedbank and Standard Bank) for the six months ended ...
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Mauritius limited partnerships – as good as they seem?

Published: Tue, 16 Sep 14

"The Mauritius limited partnership structure certainly has something to offer both investors and investment fund managers. There are, however, certain quirks that come with using a Mauritius limited partnership. " By Louise Campion, Director Norton Rose Fulbright South Africa The introduction of the ...
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ITC urges governments to increase public procurement from women vendors

Published: Tue, 16 Sep 14

(Kigali) – The International Trade Centre (ITC) has launched an initiative to increase the number public procurement contracts being awarded to women-owned businesses (WOBs). Currently only an estimated 1% of public-procurement contracts globally are awarded to WOBs or women entrepreneurs. Announcing ...
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Will the exchange rate survive another battering this week?

Published: Mon, 15 Sep 14

By Luke Doig, Senior Economist, Credit Guarantee Insurance Corporation Just over a week ago, the rand was at R10. 70/$ and R13. 70/€ but they are now some 35c and 60c weaker respectively following the release of the disappointing current account data last week. But this week may prove to be even more calamitous ...
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Refocused DBSA strategy yields positive results

Published: Mon, 15 Sep 14

The DBSA returns to profitability and celebrates the highest disbursement records in support of infrastructure delivery since the dawn of the new democratic South Africa. Highlights for the 2013/14 financial year: Total disbursements up 39. 8 billion to Renewable Energy Independent Power Producers (IPP) Procurement ...
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RMI results for the year ended 30 June 2014

Published: Fri, 12 Sep 14

Across MMI, Discovery and OUTsurance the portfolio has achieved leading market positions across life insurance, short-term insurance and health insurance. The strong results for both RMB and RMI, both absolute and relative to the market, reflect this position and should stand both entities in good stead when considered ...
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RMB Holdings (RMH) results for the year ended 30 June 2014

Published: Fri, 12 Sep 14

RMH at a glance RMH’s primary interest is its 33. 9% investment in separately listed FirstRand Limited (“FirstRand”), generally regarded as Southern Africa’s pre-eminent financial services group. The FirstRand group comprises a portfolio of leading financial services franchises, including: • First ...
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Strong growth in earnings and returns continues at FirstRand

Published: Fri, 12 Sep 14

Normalised earnings up 21%, dividend up 28% and ROE up to 24. 2% Johannesburg – FirstRand Limited (FirstRand) yesterday reported results for the year to June 2014 with its portfolio of financial services franchises producing another strong performance. HIGHLIGHTS Normalised earnings improved 21% ...
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African CEOs optimistic about growth despite challenges on the continent: PwC report

Published: Thu, 11 Sep 14

CEOs in Africa are optimistic about their company’s prospects for revenue growth over the medium term, according to PwC’s ‘Africa Business Agenda, 2014’ report issued today. Suresh Kana, Senior Partner for PwC Africa, says: “CEOs in Africa feel more positive about their ability to generate ...
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How to ensure safe online trading

Published: Thu, 11 Sep 14

Online trading has grown immensely over the past few years due to several reasons, namely accessibility and ease of use. There are still however some traders who prefer not to trade online which is largely due to the fear that online trading is not safe. Mabyanine Phiri, Portfolio Associate at ACM Gold, says there ...
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