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President respects ConCourt judgment, says government

Published: Fri, 01 Apr 16

Pretoria: President Jacob Zuma has noted and respects the judgment handed down by the Constitutional Court and its findings relating to the Public Protector Report on Nkandla, the President’s homestead. In a statement issued shortly after the judgment was handed down on Thursday, government said in ...
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New exchange has until 31 August 2016 to meet conditional license requirements

Published: Fri, 01 Apr 16

ZAR X (PROPRIETARY) LIMITED (ZAR X): APPLICATION FOR EXCHANGE LICENCE IN TERMS OF SECTION 9 OF THE FINANCIAL MARKETS ACT, ACT 19 OF 2012   1. On 8 March 2016 the Registrar of Securities Services (Registrar) granted ZARX’s application to be licensed as an exchange conditionally. The conditional approval ...
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KPMG launches 2016 Africa Incentive Survey

Published: Fri, 01 Apr 16

KPMG has published its inaugural Africa Incentive Survey (2016), which contains useful information for business across 28 countries on the continent, representing 81 percent of Africa’s USD 2. 4 trillion GDP and home to three-quarters of Africa’s 1. This Survey can be regarded as a guide that ...
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Comments on SARS Trade statistics: Standard Bank

Published: Fri, 01 Apr 16

By Karl Gotte, Standard Bank Commercial Banking   “The country’s trade balance for February 2016 narrowed to a deficit of –R1,1bn from January’s substantial deficit of –R18,0bn. “The current environment of slow (paced) economic growth, high inflation, rising ...
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ECCAS, ITC expand partnership to boost intra-regional trade in Central Africa

Published: Fri, 01 Apr 16

The Economic Community of Central African States (ECCAS/CEEAC) and the International Trade Centre (ITC) are deepening their collaboration to accelerate regional integration in Central Africa. ITC Executive Director Arancha González and ECCAS Secretary-General Ambassador Ahmad Allam‑Mi have signed a memorandum ...
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Law society applauds landmark judgment on the binding nature of the public protector’s remedial action

Published: Fri, 01 Apr 16

The Law Society of South Africa (LSSA) has noted the landmark judgment of the Constitutional Court in the Economic Freedom Fighters v Speaker of the National Assembly and Others; Democratic Alliance v Speaker of the National Assembly and Others [2016] ZACC 11 case, and in particular how it confirms the binding nature ...
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New appointment at CGF Research Institute

Published: Thu, 31 Mar 16

GERHARD BARNARD BELIEVES “CHECKLISTS AND FRAMEWORKS DO WORK”   We are pleased to welcome Gerhard Barnard to our team of Lead Independent Consultants. Gerhard is a Chartered Accountant (SA) with a wealth of experience over the last three decades; ranging from board-level strategic insight ...
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How to become wealthier

Published: Thu, 31 Mar 16

By Paul Leonard CFP™, Regional Head: Eastern Cape at Citadel   There are three key factors that govern the rate at which you can increase your future wealth. If you can improve on any of these, you will be better off. The three determining factors to your future wealth are: Your ...
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Growth outlook for Africa good but must embrace new business models

Published: Thu, 31 Mar 16

Growth in Africa is expected to average over 4% over the next five years, but is still heavily commodity-dependent, according to ICAEW (The Institute of Chartered Accountants in England and Wales). In its report Economic Insight: Africa Q1 2016, the accountancy and finance body points to good news for African economies, ...
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Economic Commission for Africa and African Union Commission to host African Development Week

Published: Thu, 31 Mar 16

Several key reports to be launched during the ADW and the Conference of Ministers, taking place between the 31st March and 5th April at the UN Conference Centre in Addis Ababa  ADDIS ABABA, Ethiopia: The Economic Commission for Africa and the African Union will once again convene Ministers of Finance and Economy ...
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FAIS Ombud - Loss assessment disputed

Published: Thu, 31 Mar 16

The recent Cornelissen determination by the FAIS Ombud provided insight into a number of very interesting aspects not previously covered in her determinations. The eventual finding is also something new for us. Overcharging of fees The complainant submitted that, contrary to their agreement, the fees charged were ...
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Africa’s power sector to seek sustainable growth drivers

Published: Thu, 31 Mar 16

Africa’s leading power generation and distribution stakeholders are set to converge in Sandton later this year, for talks on creating power for sustainable growth in Africa. With effective power generation and distribution having been identified as a critical component of Africa’s economic growth, sector ...
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Devaluating the Egyptian Pound: Challenges Remain

Published: Wed, 30 Mar 16

By Coface, the international trade credit insurance company     The strong US dollar is not only affecting the South African rand, but numerous emerging and established economy currencies. Egypt’s central bank devaluated its currency by 14% on March 14th aiming at alleviating ...
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High level of awareness of SDGs among SA business compared to citizens: PwC report

Published: Wed, 30 Mar 16

        Jayne Mammatt, Sustainability and Climate Change Director PwC South Africa         A report released by PwC today on Sustainable Development Goals (SDGs) reveals a high level of awareness of SDGs among the South African business ...
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ZAR X given go-ahead to launch first stock exchange in SA in over 100 years

Published: Wed, 30 Mar 16

ZAR X (Pty) Ltd announced today (Wed. March 30) that it has been granted a stock exchange licence by the Financial Service Board (FSB). The licence enables the company to operate a fully-fledged, independent stock exchange and provides an exciting alternative to companies that want to list their securities ...
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SA, Middle East relations get major boost

Published: Wed, 30 Mar 16

Pretoria: South Africa and Saudi Arabia’s economic and political relations received a significant boost following a successful state visit by President Jacob Zuma to that country at the weekend. President Zuma spent his Easter weekend telling the South African story in the Middle East on Saturday and Sunday ...
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HRDC important in tackling underdevelopment

Published: Wed, 30 Mar 16

Pretoria: Deputy President Cyril Ramaphosa says the Human Resource Development Council (HRDC) is among the most important instruments that government has to effectively tackle poverty and underdevelopment through education and training. Addressing the second HRDC Summit in Johannesburg on Tuesday, the Deputy ...
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Fewer investors ill-advised and more unadvised?

Published: Wed, 30 Mar 16

The possible impact of the Retail Distribution Review   The biggest risk following the implementation of the proposals in the Financial Services Board’s Retail Distribution Review lies with the large number of investors who may be squeezed out of the advice process. RDR aims to improve the ...
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President Zuma returns from France

Published: Tue, 29 Mar 16

Pretoria: President Jacob Zuma has returned to South Africa from a working visit to the French city of Lyon where he attended the launch of the United Nations High Level Commission on Health Employment and Economic Growth (HLC HEEG). President Zuma and French President Francois Hollande are the co-chairs of the ...
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South Africa must become more inclusive

Published: Tue, 29 Mar 16

By Mr Kingsley Makhubela, Brand South Africa CEO 2016 is proving to be a very exciting and challenging year for our young democracy. The events of the first few weeks of this year, presents us as a nation with the impetus to assess our 22 years of democracy within the context of the country we will bequeath to ...
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