Financial Mail articles from April 2010

Financial Mail archives from April 2010

ENTREPRENEUR. Growing ambition.
April 30, 2010... Byline: Yvonne Fontyn ENTREPRENEUR Growing ambition During the eight-and-a-half years Lucky Khoza worked as a field guide at the Kruger National Park he nursed an ambition to be a farmer. Finally, with his savings he was able to rent a farm...

9 question for David Kneale, CEO of Clicks.
April 30, 2010... Byline: Sasha Planting David Kneale, CEO of Clicks on the group's interim results Clicks is trading ahead of the retail curve. How is that possible? Like other retailers we have seen no improvement in consumer spending. But the health &...

Did you hear? Prize winners.
April 30, 2010... YOU COULD WIN by sending news snippets, wit and gossip to Did You Hear? The best two entries each week will win a bottle of Oude Meester Demant. Other published entries win R200. Please include your name, address and telephone number. Last...

Did you hear?
April 30, 2010... A prominent motivational speaker is invited to a wealthy, up-market school to educate a class consisting of 10-year-olds about how things work. He tells them all about the stock exchange, what makes prices go up and down, why there are things...

Look after that special goose.
April 30, 2010... Look after that special goose Bankers are brightening at the prospect of some substantial merger activity in the gold sector. But investors and governments have learnt to their cost that what is good for bankers is not necessarily good for...

Three cheers for one test only.
April 30, 2010... Three cheers for one test only Though SA has much to be proud of since the advent of democracy 16 years ago, the decade of Aids denialism is an ugly and devastating legacy. So President Jacob Zuma's very public HIV test two weeks ago, the...

Cowed into silence.
April 30, 2010... Byline: BARNEY MTHOMBOTHI Cowed into silence Last week municipal workers got on with their favourite pastime the annual jamboree, trashing streets, overturning bins, anything that stood in their way turning the country into a stinking mess,...

Polish the image.
April 30, 2010... Byline: NAZMEERA MOOLA Polish the image Spending two weekends in London gave me plenty of time to read the local press. SA is routinely mentioned in the papers, often on the same page as Kyrgyzstan, Iran and North Korea. The two favourite...

It takes two to tango.
April 30, 2010... Byline: DUDU MSOMI It takes two to tango There is no question that government has to play a role in instituting effective measures to combat, prevent and control corruption. But corruption has two sides. Government is not the sole culprit....

Apple defies gravity.
April 30, 2010... Byline: DUNCAN McLEOD Apple defies gravity Something extraordinary looks set to happen soon in the world of technology. Apple, virtually bankrupt 14 years ago, is on the verge of overtaking Microsoft as the world's biggest tech company by...

Another Week.
April 30, 2010... Another Week AT HOME Life Healthcare, SA's third-biggest private hospital group, says it intends to list before the end of June to unlock value for shareholders and will make 30% of its shares available. Mvelaphanda and Brimstone each hold...

MINING. False dawn for deals.
April 30, 2010... Byline: Charlotte Mathews MINING False dawn for deals Aurora Empowerment Systems earned a ringing vote of no confidence last week when about 400 workers at DRDGold's Blyvooruitzicht mine toyi-toyi'ed to make the point that they did not want...

BUSINESS CONNEXION. COMPUTER SERVICES.
April 30, 2010... Byline: Larry Claasen BUSINESS CONNEXION COMPUTER SERVICES Price: R6,35 6m Feb T/O (Rbn) EBT (Rm) EPS (c) DPS (c) Mkt cap: R1,66bn 2010 2,01 231,7 28,1 PE: 13,92 2009 2,21 496,8 9,6 Sector: 14,64 t s -9% -53,3% +192% It has been a tough few...

Alternative to joblessness.
April 30, 2010... Byline: Peter Meakin Alternative to joblessness Ann Bernstein protests too much that lower wages are good for people (On My Mind April 23). That could be true only if there were no alternative to joblessness. For such a nirvana she need only...

The error of their ways.
April 30, 2010... Byline: Mario Compagnoni The error of their ways Don't attack the Catholics (Letters April 23) by Antony Engelbert refers. The Catholic church or faith is not the largest religion in this country. According to the 2003 census, 7,1% of South...

COMINGS & GOINGS.
April 30, 2010... COMINGS & GOINGS Tito Mboweni. Goldman Sachs has appointed the former Reserve Bank governor as its Jo'burg-based international adviser, starting June 1, to advise on business opportunities, especially in SA and Sub-Saharan Africa. Nonkqubela...

CONVERGENET. COMPUTER SERVICES.
April 30, 2010... Byline: Larry Claasen CONVERGENET COMPUTER SERVICES Price: 30c 6m Feb T/O (Rm) EBT (Rm) EPS (c) DPS (c) Mkt cap: R274m 2010 432,4 23,1 1,53 PE: 8,26 2009 552 49,6 2,71 Sector: 14,64 t s -21,7% -53,4% -43,5% The best thing that can be said...

MARKETS AND ECONOMY. Up, up ... &away?
April 30, 2010... Byline: Andrew McNulty MARKETS AND ECONOMY Up, up... & away? The markets are finally on a high, after two years of many lows. But is this run for real? And how long will it last? looks at the market conditions WHAT IT MEANS. Economies...

Economic Indicators.
April 30, 2010... 5,27 percent The value of black shareholdings was 5,27% of the R1,8trillion market cap of the JSE's top 25 mining companies at the end of March 2010. Mines have been slow to transform their ownership structures, a review shows. 3,4 percent The...

Economic activity.
April 30, 2010... Byline: Razina Munshi Economic activity SA's latest leading indicator of economic activity confirms the view of local economists that SA's economic recovery is likely to be slow. The Reserve Bank's monthly indicator rose slightly in February...

Correction.(Correction notice)
April 30, 2010... CORRECTION In last week's FM (Features April 23) it was reported that a legal challenge over sand mining in Mitchells Plain was brought by sand-mining company Maccsand and various national ministers. In fact, the challenge was brought by the...

BEE FUNDING MODELS. The Islamic option.
April 30, 2010... Byline: Razina Munshi BEE FUNDING MODELS The Islamic option When black economic empowerment (BEE) share schemes began to collapse after the 2008 stock market plunge, the need for other funding structures became apparent almost immediately....

COMPANY WEALTH. Did we get rich or not?
April 30, 2010... Byline: Razina Munshi COMPANY WEALTH Did we get rich or not? Depending on who you listen to, the course of world stock markets since the recession could take the form of a V, a U or a W. Over the past two years, equity markets have moved from...

TRADE BLOCS. Another Bric in the wall.
April 30, 2010... Byline: Prakash Naidoo TRADE BLOCS Another Bric in the wall SA can punch above its economic weight because of its geographic position WHAT IT MEANS. SA may have a place at an elite table. Africa in driver's seat in trade with Bric If SA is...

Africa back in the picture.
April 30, 2010... Africa back in the picture The Brics are reversing Africa's marginalised position in world trade. Africa's share of global trade shrank from 4,6% in 1983, declining steadily to bottom out in 2002 at 1,7%, before rising to 3% in 2008. But...

How does the SA Reserve Bank influence the rand? 101.
April 30, 2010... Byline: Claire Bisseker How does the SA Reserve Bank influence the rand? Mainly by selling rands to buy other currencies in the act of building foreign reserves. Selling rands puts downward pressure on the currency's value as this is...

ANGOLAN BANKING. Ending the exodus.
April 30, 2010... Byline: Evan Pickworth ANGOLAN BANKING Ending the exodus Angola is a tough place to do business ask Absa, Trans Hex and Petra Diamonds who pulled out of the country in the post-civil war period. De Beers did the same in 2001, just before the...

GIMME. Garmap for cellphones.
April 30, 2010... Byline: Robert Quarshie GIMME Garmap for cellphones All is not lost if your vehicle does not come fitted with a state-of-the-art satellite navigation system. The easy-to-install Garmap for Mobile (Online) application gives you access to...

ART INVESTMENT. A golden period.
April 30, 2010... Byline: Stafford Thomas ART INVESTMENT A golden period WHAT IT MEANS. Art prices set to rocket over next two years. Direct or platform investor routes available locally Equity markets have recouped a major portion of losses sustained in...

RETAIL. Where angels fear to tread.
April 30, 2010... Byline: Sasha Planting RETAIL Where angels fear to tread Though consumers still have a tight grip on their wallets, one retailer's appetite for credit seems to be growing. MrPricemoney, a wholly owned subsidiary of the value retailer, is...

Malaria in numbers.
April 30, 2010... Byline: Razina Munshi Malaria in numbers 30 seconds the frequency of a child death from malaria. 90% of all deaths from malaria occur in Africa. 247m people were infected with malaria in 2006. US$1,8bn was spent to combat malaria globally...

THE PLACE TO BE OR NOT TO BE. A different country.
April 30, 2010... Byline: Zohra Mohammed THE PLACE TO BE OR NOT TO BE A different country DURBAN COUNTRY CLUB. Where: 101 Isaiah Ntshangase Rd, 2km from the Durban city centre. Mood: Refurbished Dubbed a white gentleman's club over the years, Durban...

PROFILE. More than a social club.
April 30, 2010... Byline: Stephen Cranston PROFILE More than a social club In November last year the entire executive committee of the Association of Black Securities & Investment Professionals (Absip) resigned. With the departure of members of the old...

PAY-TV. Viewing for the masses.
April 30, 2010... Byline: Larry Claasen PAY-TV Viewing for the masses Pay-TV monopoly DStv will finally face competition from On Digital Media (ODM), which launches Top TV on May 1. It has been two years since the Independent Communications Authority of SA...

WHERE ARE THEY NOW? Striking a legal blow.
April 30, 2010... Byline: Prakash Naidoo WHERE ARE THEY NOW? Striking a legal blow SA's first woman judge, appointed three decades ago, still doesn't see herself as a trailblazer who struck the first blow at the glass ceiling of the male-dominated legal...

RUGBY. Given due warning.
April 30, 2010... Byline: David Williams RUGBY Given due warning Yes, it is a picture of a soccer player in a rugby column. Shay Given is the goalkeeper for Manchester City (formerly with Newcastle United) and he was stretchered off on Saturday after...

CINEMA. The war comes home.
April 30, 2010... Byline: Peter Wilhelm CINEMA The war comes home The evolving relationship between the men who deliver the messages is key The Messenger Directed by Oren Moverman. Lead roles: Ben Foster; Woody Harrelson; Jena Malone; Samantha Morton; Steve...

GIVEAWAY. Blues in Orbit and The Count Meets The Duke First Time!
April 30, 2010... GIVEAWAY The FM and Sony are giving away three CDs each of Blues in Orbit and The Count Meets The Duke First Time! (six CDs in all). E-mail: fmcompetition@fm.co.za before May 7 to enter the draw. Please put CD giveaway in the e-mail subject...

JAZZ CD REVIEW. Return of the giants.
April 30, 2010... Byline: Don Albert JAZZ CD REVIEW Return of the giants Sony Music has re-released a batch of CDs on the Columbia Legacy label by some of the giants of the jazz genre such as Miles Davis, Dave Brubeck, Dexter Gordon and Ahmad Jamal at...

FOOD FOR THOUGHT. Business and ethics.
April 30, 2010... Byline: JUSTICE MALALA FOOD FOR THOUGHT Business and ethics ****1/2 The Duchess of Wisbeach. The Courtyard Building, 3 Wisbeach Road, Sea Point, Cape Town. Tel: (021) 434-1525 ***** Obama!; **** Excellent; *** Good; ** Malema; *...

MOTORING. Volvo on drugs.
April 30, 2010... Byline: David Furlonger FMGN3Regulars MOTORING Volvo on drugs WHAT IT COSTS/extrainfo> 1,6 manual: R227400; 2,0 manual: R255700; 2,0 p/shift: R271200; T5 manual: R328500; T5 geartronic: R341000 Chinese car company Volvo describes its...

THEATRE. Typed by tongue.
April 30, 2010... Byline: Chris Thurman THEATRE Typed by tongue uNIK. Directed by Brent Palmer, co-written by Tom Eaton. Where Theatre on the Square, Sandton Nik Rabinowitz consciously promotes himself as a Xhosa-speaking Jewish boy whose upbringing...

TRAVEL. The up-and-go revolution.
April 30, 2010... Byline: Ian Fife TRAVEL The up-and-go revolution Discount flying is changing the way we travel. investigates SEARCH ENGINES. www.travelstart.co.za; www.mtbeds.co.za; www.gotravel24.com; www.signaturelife.co.za Discount airlines have taken...

No flying's cooling effect.
April 30, 2010... Byline: Robert Matsila No flying's cooling effect The aviation industry has just recovered from the 2008 oil price shocks; now the volcanic eruption in Iceland is threatening to reverse its gains. But there is one thing that is not receiving...

COMBINED MOTOR HOLDINGS. SPECIALITY RETAILERS.
April 30, 2010... Byline: Razina Munshi COMBINED MOTOR HOLDINGS SPECIALITY RETAILERS Price: R10,65 Yr Feb T/O (Rbn) EBT (Rm) EPS (c) DPS (c) Mkt cap: R1,15bn 2010 6,51 90,4 50,6 27 PE: 14,11 2009 6,58 13,1 7,6 Sector: 16,42 t s -1% +590% +566% n/a Sales in the...

Crisis watch.
April 30, 2010... Byline: Andrew McNulty Crisis watch In the early stages of the financial crisis, there were great fears about the effects for developing countries and the likely increase in poverty. Those concerns may have been justified. In January, a World...

Diamond: CMH. Dog: Pick n Pay.
April 30, 2010... Byline: Jamie Carr DIAMONDS & DOGS 's picks of the week Diamond CMH It's battered, it's bruised, but it's hauling itself up from the canvas, spitting out a couple of teeth and getting ready to launch itself into the fray once more. This...

GOLD. Growing appetite.
April 30, 2010... GOLD Growing appetite At the start of this week, the price of gold traded near $1160/oz after the US dollar halted a rally against a basket of currencies. The metal also took direction from the overall positive sentiment towards commodities as...

OIL. 19-month high.
April 30, 2010... OIL 19-month high The price of Brent crude jumped to a 19-month high this week as growing optimism about the global recovery boosted equity markets and commodity prices. A report from the US commerce department showed that sales of new homes in...

INVESTMENT REVIEW. Good picks for lean times.
April 30, 2010... Byline: Stafford Thomas INVESTMENT REVIEW Good picks for lean times Share selection is SIM General Equity Fund's (SGE) strongest suit, says Sanlam Investment Management's (SIM) Claude van Cuyck, who since 2007 has ably managed SGE through one...

JSE. Time to bank?
April 30, 2010... Byline: Garth Mackenzie JSE Time to bank? The JSE banks index has been trending steadily higher since the lows of March 2009. The index has recently been consolidating after a sharp push higher in early 2010. This consolidation has seen it...

NET1. Electronic delivery.
April 30, 2010... Byline: Stafford Thomas NET1 Electronic delivery Building an electronic payments system from scratch is no easy task, especially in war-torn Iraq. But Net1 UEPS Technologies tackled it in 2008, when Iraq's government appointed it to provide a...

NU-WORLD. CONSUMER ELECTRONICS.
April 30, 2010... Byline: Sasha Planting NU-WORLD CONSUMER ELECTRONICS Price: R20 6m Feb T/O (Rm) EBT (Rm) EPS (c) DPS (c) Mkt cap: R453m 2010 927 54,4 168,7 PE: 8,76 2009 787 20,9 83,6 Sector: n/a t s +17,8% +159% +101% Restructuring in 2009 stabilised the...

CAPITAL & COUNTIES PLC. Leftovers ripe for the picking.
April 30, 2010... Byline: Ian Fife CAPITAL & COUNTIES PLC Leftovers ripe for the picking Demerged fund's London portfolio has special allure for small investors WHAT IT MEANS. Libint demerged to simplify retail portfolio. The spun-off properties can...

B&W INSTRUMENTATION. HEAVY CONSTRUCTION.
April 30, 2010... Byline: Sasha Planting B& W INSTRUMENTATION HEAVY CONSTRUCTION Price: 145c 6m Feb T/O (Rm) EBT (Rm) EPS (c) DPS (c) Mkt cap: R301m 2010 249 44,4 15,4 2,5 PE: 5,19 2009 271 49 17,3 2,5 Sector: 62,15 t s -8,3% -9,3% -10,6% 0 Earnings fell...

Investor's Notebook.
April 30, 2010... Byline: Stephen Cranston FMGN3Writer Investor's Notebook Stephen Cranston I am quite intrigued at the extent to which Sanlam keeps giving plugs for Standard Bank of SA boss Sim Tshabalala. Sanlam group CEO Johan van Zyl keeps praising the...

RETAIL . Under close scrutiny.
April 30, 2010... Byline: Sasha Planting RETAIL Under close scrutiny What on earth is happening at Pick n Pay? While turnover for the year to February was up, margins are down, trading profit is down, less cash was generated, and if you take away the impact of...

THE UGLY DUCKLING. NU-WORLD.
April 30, 2010... Byline: Larry Claasen THE UGLY DUCKLING NU-WORLD 1. Cash positive + 2. Revenue up + 3. Share ignored + 4. Dividend paid - 5. Profitable + The drop-off in the appliance maker and distributor's earnings marked the beginning of the recession....

Journeying.
April 30, 2010... Byline: Thebe Mabanga Journeying Nedbank scores top marks for BBBEE compliance in Financial Mail's Top Empowerment Companies survey WHAT IT MEANS. Overall BBBEE score of 86,6%. Preferential procurement spent is 83,47% Transformation is...

Sectors. AltX.
April 30, 2010... ALTX Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 4 companies Ownership score Mgt score equity score dev score procurement score dev score economic dev score BEEscore 1 24 Workforce Holdings 17,69 2,42 7,69 7,27...

BASIC INDUSTRIALS.
April 30, 2010... BASIC INDUSTRIALS Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 10 companies Ownership score Mgt score equity score devscore procurement score dev score economic dev score BEEscore 1 9 Group Five 19,55 6,97 5,91...

Sectors. Health care.
April 30, 2010... HEALTH CARE Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 4 companies Ownership score Mgt score equity score dev score procurement score dev score economic dev score BEE score 1 13 Netcare 16,81 6,25 7,43 12,06...

Sectors. ICT.
April 30, 2010... Byline: Julie Gough FMGN3Pages ICT Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 12 companies Ownership score Mgt score equity score devscore procurement score devscore economic dev score BEE score 1 12 GijimaAST...

Empowerment Factors. Enterprise Development.
April 30, 2010... Rank Overall rank Top 10 companies Sector Enterprise development contributions % Total BEE score 1 24 Workforce Holdings AltX 307,53 75,07 2 20 Super Group Transport 89,29 75,31 3 80 Cargo Carriers Transport 88,36 50,00 4 43 Cashbuild Retail...

FINANCIALS. Sectors. Financial Services.
April 30, 2010... FINANCIALS Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 19 companies Ownership score Mgt score equity score dev score procurement score dev score economic dev score BEE score 1 1 Sekunjalo Investments 23,00 11,00...

Sectors. Food & Beverages.
April 30, 2010... FOOD & BEVERAGES Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 10 companies Ownership score Mgt score equity score dev score procurement score dev score economic dev score BEE score 1 11 Tongaat Hulett 21,59...

Sectors. Media.
April 30, 2010... MEDIA Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 2 companies Ownership score Mgt score equity score devscore procurement score dev score economic dev score BEE score 1 4 Kagiso Media 22,00 9,88 12,98 7,56 13,83...

Preferential Procurement.
April 30, 2010... Rank Overall rank Top 10 companies Sector BEE spend % Preferential procurement score Total BEE score 1 24 Workforce Holdings AltX 97,80 20,00 75,07 2 2 Adcorp Holdings Services 89,43 20,00 88,05 3 10 Kelly Group Services 83,72 20,00 78,28 4 15...

Sectors. Property.
April 30, 2010... PROPERTY Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 2 companies Ownership score Mgt score equity score dev score procurement score dev score economic dev score BEE score 1 58 Growthpoint Properties 16,17 3,00...

Sectors. RESOURCES.
April 30, 2010... RESOURCES Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 8 companies Ownership score Mgtscore equity score devscore procurement score devscore economic dev score BEE score 1 38 Merafe Resources 21,00 7,60 6,49 6,85...

Sectors. Retail.
April 30, 2010... RETAIL Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 6 companies Ownership score Mgt score equity score dev score procurement score dev score economic dev score BEE score 1 43 Cashbuild 20,00 3,25 6,40 4,84 15,19...

Sectors. Services.
April 30, 2010... SERVICES Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 7 companies Ownership score Mgt score equity score dev score procurement score dev score economic dev score BEE score 1 2 Adcorp Holdings 22,00 5,94 10,00 10,11...

Empowerment Factors. Skills Development.
April 30, 2010... Rank Overall rank Top 10 companies Sector Skills spend (%) Score Total BEE score 1 34 Allied Electronics Corp General industrials 6,59 15,00 71,57 2 7 Glenrand MIB Financials 2,79 14,57 80,43 3 9 Group Five Basic industrials 67,74 12,80 78,77 4...

Empowerment Factors. Socioeconomic Development.
April 30, 2010... Rank Overall rank Top 10 companies Sector % Contributions Total BEE score 1 20 Super Group Transport 47,38 75,31 2 67 Illovo Sugar Food & beverages 45,73 59,15 3 40 Trans Hex Group Resources 38,24 70,47 4 24 Workforce Holdings AltX 37,90...

TOP 100 COMPANIES.(Company rankings)
April 30, 2010... TOP 100 COMPANIES OWNERSHIP MANAGEMENT EMPLOYEQUITY SKILLSDEVELOPMENT PREFERENTIALPROCUREMENT ENTERPRISEDEVELOPMENT CSI Rank '10 Company BEE score Votingrights (%) Economicinterest (%) Score Board Top exec black (%) Score Score Skills spend (%)...

Sectors. Transport.
April 30, 2010... TRANSPORT Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 3 companies Ownership score Mgt score equity score dev score procurement score devscore economic dev score BEE score 1 20 Super Group 18,07 6,71 3,92 12,00...

Sectors. Travel & Leisure.
April 30, 2010... Byline: Matebello Motloung TRAVEL & LEISURE Employment Skills Preferential Enterprise Socio- Total Rank Overallrank Top 3 companies Ownership score Mgtscore equity score devscore procurement score dev score economic dev score BEE score 1...

A step up.
April 30, 2010... Byline: Lisa Witepski A step up But is good governance an ever shifting goal that's hard to attain? WHAT IT MEANS. Aiming for a more integrated approach to reporting, to enhance sustainability In governance, the question is not whether to...

No HURDLES are too HIGH.
April 30, 2010... Byline: FM Writer No HURDLESare too HIGH Against all the odds, this firm has constructed an empowerment path that has taken it to the top Construction and engineering firm Group Five is leading empowerment trends in the basic industries...

Here THE STRUGGLE surely CONTINUES.
April 30, 2010... Byline: Sibonelo Radebe Here THE STRUGGLE surely CONTINUES BEE deals have definitely been dealt a blow by the financial crisis, so now what happens? Many black economic empowerment (BEE) deals concluded over the past few years have...

It's INTERESTING times forA CHANGE.
April 30, 2010... Byline: Chia Chao Wu It's INTERESTING times for A CHANGE The formation of the Black Economic Empowerment (BEE) Council by the presidency in late 2009 has been a crucial step in the development of broad-based BEE policy in SA. This council has...

8. FirstRand.
April 30, 2010... 8 FirstRand Sector: Financial services Headline earnings: R6,9bn; Total BEE score: 79,55; Ownership score: 16,1; Pref proc: 16,63 FirstRand is on a remarkable transformational path, which extends to the operational front. FirstRand has gone...

18. Standard Bank.
April 30, 2010... 18 Standard Bank Sector: Financial services Headline earnings: R11,7bn; Total BEE score: 75,77 Ownership score:11,59; Pref proc: 17,95 The trend coming out of Standard Bank's scores in different elements of the broad-based BEE scorecard tells an...

There IS STILL a long way TO GO.
April 30, 2010... Byline: Kgomotso Mathe There IS STILL a long way TO GO But some are already making admirable progress and slowly closing the gap Pharmaceutical company Cipla Medpro claimed the first position in the employment equity element within the 2010...