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TED Talks - now in bite size nuggets of inspirational info

Published: Sat, 18 Jan 14

getAbstract, a global online media company which summarises the most influential management and leadership business books into 10-minute summaries, has now extended its offering through a partnership with TED Talks to provide managers with handy two-page summaries of many TED Videos. "Most South African ...
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EU funding to help Zimbabwe boost exports

Published: Fri, 17 Jan 14

Small and medium-sized enterprises (SMEs) in Zimbabwe could soon see more of their goods going to European countries following an agreement for funding between the European Union (EU) and the International Trade Centre (ITC) for a €2. 96 million programme to strengthen the country’s business environment ...
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Plan ahead for education costs by saving

Published: Thu, 16 Jan 14

For parents with school- going children January tends to be a very stressful time of the year because most leave back to school planning to the last minute, and this can be costly. Israel Skosana, Head of Marketing and Consumer Insights at African Bank, says “It’s better to start planning early for costs ...
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International credit rating agency ARC Ratings launches in London

Published: Thu, 16 Jan 14

ARC offers innovative methodologies free from conflict of interest Five credit rating agencies (CRAs) from Europe, Asia, Africa and Latin America have jointly created ARC Ratings S. A. , a European and network-based CRA which aims to address the global markets’ need for a new approach to rating risk. Through ...
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New Withholding Tax on Cross-Border Services

Published: Wed, 15 Jan 14

The Income Tax Act, 1962 was recently amended to provide for a new withholding tax on cross-border service fees. According to the new law, a withholding tax of 15% must be levied on the amount of any service fee that is paid by any person to or for the benefit of any foreign person to the extent that the amount ...
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New appointments at Garlicke & Bousfield Inc. in Durban

Published: Wed, 15 Jan 14

The following four new appointments are effective 1st January 2014. Existing staff members Sanelisiwe Nyasulu, Phila Magwaza and Graeme Palmer have been appointed as Directors and a new director has been appointed to head up the Employment Law Dept, Raymond Meneses. Short bio’s of each person are: Raymond ...
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Get set to save

Published: Tue, 14 Jan 14

By Nick Battersby, Chief Executive at PPS Investments Lose weight. Quit smoking. Finally make it to the gym (or at least around the block)…. It is likely that many of us started 2014 with a New Year’s resolution or two. As the year gets underway it may be worth considering a further addition to the ...
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Unlocking the development of infrastructure through bonds across the African continent

Published: Tue, 14 Jan 14

There is a growing need for large-scale infrastructure projects around the world. The OECD and the World Economic Forum (in a report prepared in collaboration with PwC) estimates that around 3. 5 - 4% of global GDP, or around USD 53trn from 2010 to 2030 needs to be invested in electricity distribution, transportation, ...
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The top three financial New Year resolutions for High Net Worth individuals

Published: Mon, 13 Jan 14

High net worth individuals’ top three financial resolutions for 2014 are to save more for their retirement, include more higher risk investments in their portfolios, and provide greater levels of financial support for their families, reveals a poll by one of the world’s largest independent financial advisory ...
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FSB’s reaction to excessive charges on endowments

Published: Mon, 13 Jan 14

Last year, we published an article titled Charges in Respect of Investment Policies. I referred the matter to the FSB for comment, particularly in view of the following opinions expressed by the Long-term Ombud: The question does arise why anyone would purchase this policy. The converse question is why any insurer ...
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LexisNexis SA kicks off 2014 with fourth practice area in Practical Guidance research series

Published: Mon, 13 Jan 14

DURBAN: Content and technology solutions provider LexisNexis South Africa today launched a new practice area in its Practical Guidance portfolio, with Practical Guidance Civil Procedure set to provide real-world insight around the rules and standards that courts follow when adjudicating civil lawsuits. The Practical ...
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TANESCO, EWURA, Millennium Challenge Corporation, OPIC and IFC to address the future of Tanzania’s power sector

Published: Thu, 09 Jan 14

EnergyNet’s Powering Africa: Tanzania executive meeting, will be held from 29th-31st January in Dar Es Salaam DAR ES SALAAM, Tanzania: “With such a focused group of industry shapers participating at the Powering Africa: Tanzania meeting from the 29-31 January, we can’t help but be buoyed by the ...
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Nigerian Export-Import Bank (NEXIM) to create synergy with Nigerian Export Promotion Council (NEPC)

Published: Thu, 09 Jan 14

ABUJA, Nigeria: The newly appointed ED/CE of the Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo, paid a courtesy call to the Managing D/CEO of the Nigerian Export-Import Bank (NEXIM) at the Headquarters of the Bank in Abuja, to discuss areas of possible collaboration and synergy. The visit would be ...
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Employee Share Scheme Dividends

Published: Wed, 08 Jan 14

By Robert Gad (Director) and Megan McCormack (Candidate Attorney) in tax at ENSafrica Earlier this year, National Treasury proposed a new regime to prevent “disguised bonuses” being paid to employees in the form of dividends on unvested or restricted employee share scheme shares. National Treasury proposed ...
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Supplementary reforms to the tax implications of debt instruments with equity features

Published: Tue, 07 Jan 14

By Arnaaz Camay (Executive in tax at ENSafrica) The draft Taxation Laws Amendment Bill (“DTLAB”) was issued by National Treasury last year in terms of which it was proposed that new anti-avoidance rules will be introduced into the Income Tax Act, 58 of 1962 (the “Act”) in order to reduce ...
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Africa must do more to tackle the threat of unemployment - Tony Elumelu

Published: Mon, 06 Jan 14

A ‘Marshall Plan’ for Africa’s employment challenge ABUJA, Nigeria - Tony Elumelu, the entrepreneur, philanthropist and chairman of Heirs Holdings Limited, a pan-African investment company, argues that Africa must do more to tackle the threat of unemployment, which risks derailing Africa’s ...
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Implementing the Twin Peaks model of Financial Regulation

Published: Mon, 06 Jan 14

The Financial Sector Regulation Bill, referred to in the article above, provides important information on the way forward as far as regulating the financial world is concerned. The shift from the current status to the “twin peaks” model will be done in two phases. This Bill only deals with the first phase ...
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Including sustainability in the risk framework

Published: Tue, 24 Dec 13

      Dr David Hillson FIRM, HonFAPM, PMI Fellow     Sustainability has become increasingly important to organisations across the world in recent years, as both a business objective and a necessary constraint. But what does it mean? And how should ...
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The Directorate of Market Abuse referred a case against Justin Lovell to the Enforcement Committee

Published: Tue, 24 Dec 13

The Directorate of Market Abuse (DMA) referred a case against Justin Lovell (the Respondent) to the Enforcement Committee of the Financial Services Board. The referral relates to a contravention of section 73 (4) of the Securities Services Act, No 36 of 2004, in that the Respondent encouraged another party to sell ...
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International Trade Centre launches benchmarking web platform for Trade Support Institution performance

Published: Tue, 24 Dec 13

Trade support institutions can now measure their performance against a global standard, allowing them to better understand and address their challenges, as well as improve efficiency. By ITC Communications Trade support institutions (TSIs), including trade promotion organizations (TPOs), can for the first time ...
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