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BT report shows potential of ICT to help EU take climate action and achieve its COP21 targets

Published: Thu, 02 Jun 16

BT has launched a new report - “The role of ICT in reducing carbon emissions in the EU” - highlighting the central role Information and Communication Technologies (ICT) could play in combating climate change and promoting economic growth and prosperity across the European Union. The report comes ...
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Sage’s Ivan Epstein appointed as a judge for the EY World Entrepreneur Of The Year™ Award in Monaco

Published: Thu, 02 Jun 16

Prestigious awards focuses on the power of entrepreneurship to change for the world for the better   JOHANNESBURG, SOUTH AFRICA: Ivan Epstein – President of Sage International has been appointed to the judging panel for the 16th EY World Entrepreneur Of The Year Awards 2016. Epstein, the winner of ...
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Resolving the inflation vs. growth dilemma

Published: Thu, 02 Jun 16

    Jac Laubscher, Economic Advisor Sanlam Limited       The latest Monetary Policy Statement, released after the Monetary Policy Committee (MPC) meeting on 19 May 2016, is very clear about the difficulties the MPC faced in finding the right balance between fighting ...
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South African credit providers to register under the National Credit Act regardless of loan amount

Published: Thu, 02 Jun 16

Before 11 May this year, a person was required to register as a credit provider under the National Credit Act 34 of 2005 (the Act), if the total principal debt owed to that party under all outstanding credit agreements exceeded R 500 000 (or if they are the credit provider under at least 100 credit agreements). That ...
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Fronting still a major challenge says BEE Commission

Published: Thu, 02 Jun 16

Pretoria: The Black Economic Empowerment (BEE) Commission has spoken out on “rife fronting”, which it says continues to happen in the South African economy. “…With the few complaints that we have, there is rife fronting and it continues to happen unabated,” the Commission’s ...
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Bernard Melvin Johnson fined R850 000 for Contravening FMA

Published: Thu, 02 Jun 16

The Directorate of Market Abuse (the Directorate) referred a case against Mr Bernard Melvin Johnson (the Respondent) to the Enforcement Committee of the Financial Services Board. The referral related to a contravention of section 78 (1) (a) of the Financial Markets Act, 19 of 2012. The Directorate established ...
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Legal professional privilege is not an absolute right

Published: Wed, 01 Jun 16

By Denushka Naidoo, Associate Norton Rose Fulbright South Africa Inc. In considering the scope of legal professional privilege, the following principles should be borne in mind: Legal professional privilege is a negative right to refuse to disclose any confidential information exchanged between ...
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Move to curb reckless lending not only good news for consumer debt

Published: Wed, 01 Jun 16

Curbing reckless lending has a knock-on effect for employers. The Department of Trade and Industry’s (DTI) proposal to empower the National Credit Regulator (NCR) to impose fines on reckless credit providers has come at a crucial time. “While curbing irresponsible lending is not the answer to ...
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MIC and Stellar Credit collaborate to tackle the Elephant in the SMME sector

Published: Wed, 01 Jun 16

Johannesburg: Constitutional Hill was the perfect setting yesterday to host a breakfast debate on how SMME’s struggle to access finance, markets and business skills. With growing pessimism from those seeking funds, the country is in dire need of stakeholders across the value chain, coming together to eradicate ...
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Comments on April SARS Trade Data

Published: Wed, 01 Jun 16

By Karl Götte– Head of Standard Bank Commercial Banking   “The country’s trade balance for April 2016 came in at a surplus of R0. 4bn from March’s surplus of R2. 0bn. The trade account’s year to date position has improved to R-18. 6 bn when comparing it to April 2015 (R ...
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Technological innovation will act as a catalyst in boosting productivity and growth in Africa’s agribusiness sector

Published: Wed, 01 Jun 16

PwC Agribusiness report: Agriculture is currently standing on the edge of a second green revolution. This revolution will entail fundamental shifts in how the agricultural sector utilises and implements innovative technology to improve output in a sustainable manner and address the need for greater food security globally ...
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Niven Arendse to head up Nedgroup Trust

Published: Wed, 01 Jun 16

Johannesburg: Niven Arendse has been appointed as General Manager of Nedgroup Trust, effective 1 June 2016. Niven started his career as an attorney and gained experience in several law firms in South Africa. Prior to joining Nedbank Private Wealth in 2011, he was CEO of FNB Trust Services for over three ...
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Adulting made easy – four steps to financial freedom

Published: Wed, 01 Jun 16

JOHANNESBURG: You’ve finally graduated, nailed that nerve-wrecking interview and landed yourself a great job. Now you’ve got your first few salaries in the bank and you’re wondering how best to spend your hard earned money.   The immediate thought is usually to splurge on those ...
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China and UK partner with ITC to promote investment-led exports and growth in Africa

Published: Tue, 31 May 16

(Beijing/Geneva) – Chinese companies are set to scale up their investments on the African continent and play a bigger part in helping Africa achieve higher and more sustained economic growth. This was the message from participants at the ‘Forum on Chinese Investment for Sustainable Trade and Economic Growth ...
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Failure to join creditors fatal to application to set aside business rescue proceedings

Published: Tue, 31 May 16

By Aslam Moosajee, Director Norton Rose Fulbright South Africa Inc. Creditors of a company have a substantial interest in an application to set aside business rescue proceedings or the adoption of a business rescue plan. A court will dismiss such an application if the creditors are not joined as parties to the ...
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Slight improvement in SA’s competitiveness

Published: Tue, 31 May 16

Pretoria: South Africa has moved up a notch in terms of its overall competitiveness. This is according to The 2016 Institute for Management Development (IMD) World Competitiveness Yearbook (WCY). The IMD World Competitiveness Yearbook is the leading annual report on the competitiveness of nations and has been ...
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8 Lessons for entrepreneurs who want to conquer the world

Published: Tue, 31 May 16

By Ivan Epstein, President for Sage International (Africa, Australia, Middle East, and Asia) and Chairman of Sage Foundation   I recently had the honour of speaking to Executive MBA students from the University of Columbia when they visited Cape Town for a summer school. I shared with them some of the key ...
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Shedding light on restraints of trade in sale of business agreements

Published: Tue, 31 May 16

By Albert Aukema and Nazeera Mia, Cliffe Dekker Hofmeyr As a general rule, it is lawful for parties to enter into very limited restraints of trade or non-compete arrangements when it is necessary to protect the goodwill of a business being sold. This is provided that the non-compete clause is reasonably limited ...
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Overwhelming response’ to launch of Integral

Published: Mon, 30 May 16

Johannesburg: ‘Overwhelming’ client support is reported by Integral following the launch of the Illovo-based financial services company. The new business is majority owned by staff and comprises two complementary components – Integral Asset Management and Integral Wealth Management. Chief ...
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Why pyramid and Ponzi schemes are doomed to fail

Published: Mon, 30 May 16

Faced with empty wallets and rising costs, thousands of South Africans are placing their faith in ‘get rich quick’ schemes that lure desperate consumers with promises of unrealistic investment returns. But whether a Ponzi or a pyramid scheme, it can be mathematically proven that such schemes will eventually ...
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