Business Day (South Africa) articles from August 2006

Business Day (South Africa) archives from August 2006

ABSA WARANTS REPORT.
August 31, 2006... (From Business Day (South Africa)) Byline: Judy Padayachee, Gizelde Brady BIDVEST's share price closed in positive territory but lagged the market. While the all share index was up by more than 1,8%, reversing yesterday's losses,...

Cash puzzle as Mpofu seeks a commercial break.
August 31, 2006... (From Business Day (South Africa)) Byline: Viwe Tlaleane Cash puzzle as Mpofu seeks a commercial break SOLVING the public broadcaster's funding dilemma is sure to be one of the sternest tests for SABC head Dali Mpofu, alongside the...

Far and wide.
August 31, 2006... (From Business Day (South Africa)) Byline: Viwe Tlaleane Far and wide MTN is becoming too big to keep tabs on easily. At its results presentation yesterday there were very few questions about Iran, into which country MTN is pumping...

Home advantage.
August 31, 2006... (From Business Day (South Africa)) Byline: Viwe Tlaleane Home advantage IF THERE is anything that should be keeping the management of Wilson Bayly Holmes-Ovcon (WBHO) awake at night, it is the performance, or underperformance, of...

Flying high.
August 31, 2006... (From Business Day (South Africa)) Flying high FROM Thailand to the Caribbean islands, tourism is a vital source of revenue, making up almost 10% of global gross domestic product (GDP) in 2004. Since 1994, when SA became a democratic...

Bellicose headlines will not win war on criminality.
August 31, 2006... (From Business Day (South Africa)) Byline: John Kane-Berman Bellicose headlines will not win war on criminality AT A memorial service held for police officers killed in the Jeppestown shootout in June, Susan Shabangu, deputy minister...

Beyond call of duty.
August 31, 2006... (From Business Day (South Africa)) Beyond call of duty A couple of weeks ago the cabinet approved a crime-fighting plan proposed by Business Against Crime. The plan was then presented at last week's meeting between President Thabo Mbeki...

Mbeki 'too ill' to address ANC caucus.
August 31, 2006... (From Business Day (South Africa)) Byline: Wyndham Hartley Mbeki 'too ill' to address ANC caucus Parliamentary Editor CAPE TOWN Yesterday's Presidential question time was postponed and the sitting of the National Assembly cancelled...

'SA needs commitment from labour to increase productivity'.
August 31, 2006... (From Business Day (South Africa)) Byline: Wendy Hall 'SA needs commitment from labour to increase productivity' Consumer Industries Reporter SA needs to increase productivity to 5% from the current 3,5% to achieve government's...

Upbeat report from Moody's despite some 'concerns'.
August 31, 2006... (From Business Day (South Africa)) Byline: Kevin O'Grady Upbeat report from Moody's despite some 'concerns' Exports seen as weak area of economy Economics Editor LEADING ratings agency Moody's Investors Service has flagged SA's...

JAZZ.
August 31, 2006... (From Business Day (South Africa)) Byline: Gwen Ansell JAZZ A FESTIVAL always takes time to establish its character, and JOY OF JAZZ in Newtown (it ran earlier at the Pretoria State Theatre) had a literally rockier start than most....

SARS casts tax net wider to include foreign units of local multinationals.
August 31, 2006... (From Business Day (South Africa)) Byline: Sanchia Temkin SARS casts tax net wider to include foreign units of local multinationals Under SA's laws, foreign firms with parents resident in this country are taxed Professional Services...

Oil bosses paint rosy picture of empowerment.
August 31, 2006... (From Business Day (South Africa)) Byline: Linda Ensor Oil bosses paint rosy picture of empowerment Political Correspondent CAPE TOWN Top executives of major oil companies BP, Caltex, Shell and Engen yesterday attempted to dispel...

Mortgage advances up on last year.
August 31, 2006... (From Business Day (South Africa)) Byline: Nick Wilson Mortgage advances up on last year Property Correspondent IN SPITE of the two interest rate hikes this year, mortgage advances by the financial services sector increased 30,2%...

Home affairs grilled on strike, punctuality.
August 31, 2006... (From Business Day (South Africa)) Byline: Wyndham Hartley Home affairs grilled on strike, punctuality Parliamentary Editor CAPE TOWN The beleaguered home affairs department yesterday suffered another hammering in Parliament this...

Survey finds black workers still face discrimination in workplace.
August 31, 2006... (From Business Day (South Africa)) Byline: Karima Brown Survey finds black workers still face discrimination in workplace Political Editor INFORMATION on pay and occupation by race and gender prove black people, and black women in...

Zuma trial raises critical issues on treatment of rape accusers.
August 31, 2006... (From Business Day (South Africa)) Byline: Wyndham Hartley Zuma trial raises critical issues on treatment of rape accusers Sexual Offences Bill seeks to address 'discriminatory' practices Parliamentary Editor THE recent rape trial of...

Treasury asks Zille to cut stadium costs.
August 31, 2006... (From Business Day (South Africa)) Byline: Chris van Gass Treasury asks Zille to cut stadium costs Cape Correspondent CAPE TOWN The national treasury has asked the City of Cape Town to cut the costs of its World Cup 2010 stadium to...

Moerane warns of fuel-supply hitches.
August 31, 2006... (From Business Day (South Africa)) Byline: Linda Ensor Moerane warns of fuel-supply hitches Political Correspondent CAPE TOWN Government has been warned that structural and regulatory weaknesses in the petroleum supply industry...

Discovery unveils R100m fellowship fund.
August 31, 2006... (From Business Day (South Africa)) Byline: Tamar Kahn Discovery unveils R100m fellowship fund Science and Health Editor CAPE TOWN The Discovery Foundation, a medical education investment company established by Discovery Holdings...

Tackle environmental challenges urgently, says Van Schalkwyk.
August 31, 2006... (From Business Day (South Africa)) Byline: Chris van Gass Tackle environmental challenges urgently, says Van Schalkwyk CAPE TOWN The problem of inadequate resources for the Global Environment Facility to address massive global...

Audit legislation 'introduced because self-regulation failed'.
August 31, 2006... (From Business Day (South Africa)) Byline: Edward West Audit legislation 'introduced because self-regulation failed' KwaZulu Natal Correspondent DURBAN The Auditing Professions Act had been introduced on April 1 to ensure that we...

Performance contracts for state bosses criticised.
August 31, 2006... (From Business Day (South Africa)) Byline: Linda Ensor Performance contracts for state bosses criticised 'Major challenges in departments' Political Correspondent CAPE TOWN The Public Service Commission has lambasted poor levels of...

Court rejects challenge to Gautrain's route.
August 31, 2006... (From Business Day (South Africa)) Byline: Ernest Mabuza Court rejects challenge to Gautrain's route Legal Affairs Correspondent THE multibillion-rand Gautrain rapid rail project received a boost yesterday when a full bench of the...

Cosatu chiefs jockey for posts ahead of congress.
August 31, 2006... (From Business Day (South Africa)) Byline: Amy Musgrave Cosatu chiefs jockey for posts ahead of congress Madisha appears to be losing ground Political Correspondent CONGRESS of South African Trade Unions (Cosatu) president Willie...

Shock SA credit growth tightens screws on rates.
August 31, 2006... (From Business Day (South Africa)) Byline: Ayanda Shezi Shock SA credit growth tightens screws on rates Households with debt face battle to handle higher payments, prices Economics Correspondent CREDIT demand growth accelerated at...

Auditors adopt new accreditation model for entrants to profession.
August 31, 2006... (From Business Day (South Africa)) Byline: Sanchia Temkin Auditors adopt new accreditation model for entrants to profession Professional Services Editor THE auditing profession has adopted a new accreditation model to develop the...

TAC calls for crisis meeting to develop emergency plan to beat HIV/AIDS.
August 31, 2006... (From Business Day (South Africa)) Byline: Chris van Gass TAC calls for crisis meeting to develop emergency plan to beat HIV/AIDS Cape Correspondent CAPE TOWN Zackie Achmat, chairman of the Treatment Action Campaign (TAC), has...

Out:DBSA chairman Jay Naidoo.
August 31, 2006... (From Business Day (South Africa)) DBSA chairman Jay Naidoo. The bank is sitting on R170m it has granted to entities that lack the capacity to spend it, yet its already well-paid executives get huge bonuses.

'Unfortunately, the bill significantly overreaches its legitimate objectives'.
August 31, 2006... (From Business Day (South Africa)) Byline: Naomi Mackay 'Unfortunately, the bill significantly overreaches its legitimate objectives'

Made It:Former Bafana captain Lucas Radebe.
August 31, 2006... (From Business Day (South Africa)) Former Bafana captain Lucas Radebe, who is returning to the UK after being snubbed by local football officials. Fortunately, he will remain involved in the 2010 preparations.

Avaya takes stock of IT challenges for 2010.
August 31, 2006... (From Business Day (South Africa)) Byline: Lesley Stones Avaya takes stock of IT challenges for 2010 A DIRECTOR of networking company Avaya is touring SA for two weeks to assess the difficulties of setting up successful technology...

When intention and consequences clash.
August 31, 2006... (From Business Day (South Africa)) Byline: Leon and Williams are with Webber Wentzel Bowens. ANTIMERCENARY BILL/Peter Leon and Kevin Williams When intention and consequences clash THE National Assembly has passed the Prohibition of...

Teachers' union looks at swelling its ranks.
August 31, 2006... (From Business Day (South Africa)) Byline: Sue Blaine Teachers' union looks at swelling its ranks Education Correspondent THE South African Democratic Teachers Union (Sadtu) is considering mergers with other teacher unions to bring...

Companies can avert data-loss blunders.
August 31, 2006... (From Business Day (South Africa)) Byline: Lesley Stones Companies can avert data-loss blunders COMPANIES are in the midst of a data-loss epidemic with supposedly private data regularly being exposed to the public through...

In Brief - Technology @ Work.
August 31, 2006... (From Business Day (South Africa)) Byline: Lesley Stones Annual contest opens for science, engineering and technology experts ENTRIES have opened for the annual National Science and Technology Forum awards to recognise outstanding...

Why stop at HIV?
August 31, 2006... (From Business Day (South Africa)) Byline: Crispin Hemson Why stop at HIV? Susan Gillam questioned why she has to pay taxes to support people who have practised unsafe sex and are thus HIV positive, Letters (August 22). This is...

Anglo on course.
August 31, 2006... (From Business Day (South Africa)) Byline: Daniel Ngwepe Anglo on course Your readers deserve some hard facts rather than a poorly argued collection of rumours, speculation and unsubstantiated allegations, Anatomy of a corporate...

The National Energy lectricity Regulator of SA (Nersa) NER has to be something of a charade when it suggests that it, a government body, will fine Eskom, another government body, for any lack of performance for whatever reason. If Eskom was fined,.
August 31, 2006... (From Business Day (South Africa)) Byline: John Parker The National Energy Regulator of SA (Nersa) has to be something of a charade when it suggests that it, a government body, will fine Eskom, another government body, for any lack...

Powerful facts.
August 31, 2006... (From Business Day (South Africa)) Byline: Anton Eberhard Powerful facts Philip Lloyd claims that the electricity regulator stalled Eskom's capital programme for the past five years, and now Eskom has a catch-up job second to none,...

'Breakneck' car sales boost Imperial profit.
August 31, 2006... (From Business Day (South Africa)) Byline: Carli Lourens 'Breakneck' car sales boost Imperial profit Investment in dealer network pays off Trade and Industry Editor THREE years of breakneck growth in domestic car sales has led to the...

Tories' opportunistic turnaround.
August 31, 2006... (From Business Day (South Africa)) Byline: Mark Heaton Tories' opportunistic turnaround It is seldom that one gets the chance to see shortsighted political opportunism on the scale recently exhibited by Tory leader David Cameron. In...

Coega confusion.
August 31, 2006... (From Business Day (South Africa)) Byline: Basil Hotz Coega confusion I am a long-standing and avid reader of your excellent paper but I have recently been disturbed by some unfortunate reporting that has crept into your columns, the...

Not before time.
August 31, 2006... (From Business Day (South Africa)) Byline: Chris Sykes Not before time The only surprise regarding government's move towards the elimination of tariffs on imported paper and board is that it has taken since 2002 for the International...

Consistent drip.
August 31, 2006... (From Business Day (South Africa)) Byline: Sean Badal Consistent drip It is unfair to accuse Tory leader David Cameron of changing his mind on apartheid, The Third Umpire (August 29). He was referring specifically to Margaret...

Macsteel Service Centre sells BEE stake.
August 31, 2006... (From Business Day (South Africa)) Byline: Carli Lourens Macsteel Service Centre sells BEE stake ONE of SA's largest unlisted companies, Macsteel Service Centres SA, has sold a 25,5% stake to an empowerment group for more than R200m....

Managers 'bidding for African Harvest units'.
August 31, 2006... (From Business Day (South Africa)) Byline: Stephen Gunnion Managers 'bidding for African Harvest units' Financial Services Editor AFRICAN Harvest management, led by CE Magda Wierzycka, was believed to be about to bid for some of the...

MTN figures show very few hiccups despite erratic local performance.
August 31, 2006... (From Business Day (South Africa)) Byline: Lesley Stones MTN figures show very few hiccups despite erratic local performance Information Technology Editor MTN has bounced back from a temporary dip in South African subscriber numbers...

Nashua Mobile to launch internet service.
August 31, 2006... (From Business Day (South Africa)) Byline: Lesley Stones Nashua Mobile to launch internet service CELLPHONE company Nashua Mobile is extending its offerings to compete as an internet service provider, believing the data business...

Now a daily online update on piracy.
August 31, 2006... (From Business Day (South Africa)) Byline: Lesley Stones Now a daily online update on piracy THE International Chamber of Commerce has begun to produce daily reports on crimes that infringe on intellectual property rights as part of...

Murray & Roberts lifts order book to R10bn.
August 31, 2006... (From Business Day (South Africa)) Byline: Siseko Njobeni Murray & Roberts lifts order book to R10bn Trade and Industry Correspondent CONSTRUCTION group Murray & Roberts has increased its order book to R10bn amid levels of activity...

OneLogix steps into same-day service.
August 31, 2006... (From Business Day (South Africa)) Byline: Siseko Njobeni OneLogix steps into same-day service Subsidiary Media Express's entry into new markets expected to raise profit for AltX-listed group Trade and Industry Correspondent...

South African Rick Reato is Mittal SA's new man of steel.
August 31, 2006... (From Business Day (South Africa)) Byline: Carli Lourens South African Rick Reato is Mittal SA's new man of steel Trade and Industry Editor AFRICA's largest steel maker, Mittal Steel SA, named chief operating officer Rick Reato as...

'Clean out filth' victims still destitute.
August 31, 2006... (From Business Day (South Africa)) Byline: Jonathan Katzenellenbogen 'Clean out filth' victims still destitute Church leaders find 'shacks' destroyed in Zimbabwe were 'robust dwellings' International Affairs Editor CHURCH leaders...

Television sales bonanza helps top up SABC coffers.
August 31, 2006... (From Business Day (South Africa)) Byline: Ron Derby Television sales bonanza helps top up SABC coffers Earnings almost double, but licence revenue may decline as rates rise Media Correspondent THE SABC almost doubled its profit in...

'Billions blown on fancy phones'.
August 31, 2006... (From Business Day (South Africa)) Byline: Lesley Stones 'Billions blown on fancy phones' BUSINESSES will waste $20bn buying excessively fancy telephones as they get caught up in the voice over internet protocol technology trend. ...

Tampering with dates on food causes alarm.
August 31, 2006... (From Business Day (South Africa)) Byline: Wendy Hall Tampering with dates on food causes alarm Consumer Industries Reporter RECENT allegations of tampering with expiry dates at grocery franchise group Spar have raised wider food...

When alpha males behave badly and wreck companies, who are you going to call?
August 31, 2006... (From Business Day (South Africa)) Byline: Michael Bleby When alpha males behave badly and wreck companies, who are you going to call? Alpha Male Syndrome: Curb the Belligerence, Channel the BrillianceKate Ludeman and Eddie...

Transpaco acquires Nampak unit.
August 31, 2006... (From Business Day (South Africa)) Byline: Siseko Njobeni Transpaco acquires Nampak unit PACKAGING group Transpaco yesterday formally announced the acquisition of Nampak Flexible from competitor Nampak for R43,5m. According to...

Phones for SA's poor in 222 years.
August 31, 2006... (From Business Day (South Africa)) Byline: Lesley Stones Phones for SA's poor in 222 years Digital divide has grown since state agency was founded while telephone services in SA are among world's costliest THE government agency set...

PASSENGER CARS.
August 31, 2006... (From Business Day (South Africa)) PASSENGER CARS ALFA ROMEO 147 1.6 3-DOOR PROGRESSION R183000 R3979 147 1.6 5-DOOR PROGRESSION R192000 R4175 147 1.9 JTD R199000 R4327 147 2.0 3-DOOR DISTINCTIVE R207000 R4501 147 2.0 5-DOOR DISTINCTIVE...

BAKKIES & 4X4s.
August 31, 2006... (From Business Day (South Africa)) BAKKIES & 4X4s CHEVROLET LUMINA UTE 5.7 SS R314500 R6838 LUMINA UTE 5.7 SS AT R302000 R6566 CITROEN BERLINGO 1.4i R114995 R2500 BERLINGO 1.9i D R124995 R2718 FIAT PALIO ESPRESSO VAN R79900 R1737 DOBLO...

SUVs.
August 31, 2006... (From Business Day (South Africa)) SUVs AUDI ALLROAD 2.7 T QUATTRO R495000 R10763 ALLROAD 2.7 T QUATTRO TIPTRONIC R508000 R11045 BMW X3 2.0d R357000 R7762 X3 2.5i R396000 R8610 X3 2.5i STEPTRONIC R409300 R8899 X3 3.0i STEPTRONIC R439000...

Out:Thint SA boss Pierre Moynot.
August 31, 2006... (From Business Day (South Africa)) Thint SA boss Pierre Moynot, for complaining that publicity arising from the Zuma trial is giving the company a bad name. Is it really possible to tarnish an arms dealer's reputation?

Khan after at least three wins at Vaal tonight.
August 31, 2006... (From Business Day (South Africa)) Byline: David Mollett Khan after at least three wins at Vaal tonight Strydom's four wins will spur him on Racing Editor MARK Khan will be disappointed if he leaves the Vaal racetrack this evening...

From Philip Coggan: The Long View.
August 31, 2006... (From Business Day (South Africa)) Byline: Michel Pireu From Philip Coggan: The Long View PHILIP Coggan writes a column called The Long View in the weekend edition of the Financial Times. Here are two extracts from the column that...

Bafana shedding few tears for the errant McCarthy.
August 31, 2006... (From Business Day (South Africa)) Byline: Mninawa Ntloko Bafana shedding few tears for the errant McCarthy Deputy Sports Editor THE Bafana Bafana camp did not shed any tears yesterday after enigmatic Blackburn Rovers striker Benni...

Moderate upside potential on Amaps.
August 31, 2006... (From Business Day (South Africa)) Byline: Ben Temkin Moderate upside potential on Amaps BACK when the bulls were stampeded before they were corralled by the market correction, the share price of Amalgamated Appliance Holdings...

PITSTOP.
August 31, 2006... (From Business Day (South Africa)) Byline: Judy Green HAVE you entered the GIBS 60-Second MBA Challenge"? That is, if you want to give up the next two years of your life, working and studying like crazy. The University of Pretoria's...

Bullish signals but wait a while.
August 31, 2006... (From Business Day (South Africa)) Byline: Jean Temkin Bullish signals but wait a while FOR this chart I have emphasised the stochastic oscillator of Amaps and, for reference, also included the share price. The stochastic oscillator...

White calls in fresh legs to stop the rot.
August 31, 2006... (From Business Day (South Africa)) Byline: Zeena Isaacs White calls in fresh legs to stop the rot Venter, Wannenburg join loose trio Rugby Correspondent IN A desperate attempt to return to winning ways, Springbok coach Jake White has...

Truworths has five Ps placed to perfection inretail space.
August 31, 2006... (From Business Day (South Africa)) Byline: Judy Green Truworths has five Ps placed to perfection inretail space Fashion group one of three globally that pass asset manager's five-point test SOME retailers have the magic touch. They...

Acucap launches KwaZulu-Natal foray.
August 31, 2006... (From Business Day (South Africa)) Byline: Nick Wilson Acucap launches KwaZulu-Natal foray Property Correspondent PROPERTY loan stock company Acucap Properties is acquiring a 58% stake in retail property Hillcrest Corner in KwaZulu-...

Powerful facts.
August 31, 2006... (From Business Day (South Africa)) Byline: John Parker The National Energy Regulator of SA (Nersa) has to be something of a charade when it suggests that it, a government body, will fine Eskom, another government body, for any lack...

Tories' opportunistic turnaround.
August 31, 2006... (From Business Day (South Africa)) Byline: Mark Heaton Tories' opportunistic turnaround It is seldom that one gets the chance to see shortsighted political opportunism on the scale recently exhibited by Tory leader David Cameron. In...

Sisonke looks to sell TB treatments in region.
August 31, 2006... (From Business Day (South Africa)) Byline: Tamar Kahn Sisonke looks to sell TB treatments in region Science and Health Editor CAPE TOWN Sisonke Pharmaceuticals, an empowerment joint venture between the world's third-largest drug...

Wellco restates results after disagreement with auditor.
August 31, 2006... (From Business Day (South Africa)) Byline: Wendy Hall Wellco restates results after disagreement with auditor Consumer Industries Reporter ALT-X listed supplements distributor Wellco has issued its restated financial results for the...

Bigger, better show.
August 31, 2006... (From Business Day (South Africa)) Byline: Patrick Gearing Bigger, better show Auto Africa is on in October, complete with international status and all the best of the motor industry's new products for the passenger market, the...

ASIMO TO STAR AT AUTO AFRICA.
August 31, 2006... (From Business Day (South Africa)) Byline: Patrick Gearing HONDA's main attraction at Auto Africa 2006 will not have a single wheel on it, but rather an electronic brain and a host of technology not dissimilar to that being used by...

High-beam is streetwise.
August 31, 2006... (From Business Day (South Africa)) Byline: Benedict Maaga High-beam is streetwise The BMW options bin features a number of interesting hi-tech items, but the question is do they have real value or are they just gimmicky, asks...

A workhorse with no airs, graces.
August 31, 2006... (From Business Day (South Africa)) Byline: Patrick Gearing A workhorse with no airs, graces Mahindra has added one of this country's most affordable workhorses, the Bolero Load-Runner, to its range, writes PATRICK GEARING MAHINDRA SA...

Designer home for Citroen's C6.
August 31, 2006... (From Business Day (South Africa)) Byline: MOTOR NEWS REPORTER Designer home for Citroen's C6 CITROEN has unveiled the world's first designer garage for its new executive model, the C6. Penned by architectural firm Neutral, the...

Farce and fraud on the track.
August 31, 2006... (From Business Day (South Africa)) Byline: Benedict Maaga Farce and fraud on the track The FIA's foolhardy decision on mass dampers appears to be yet another in a series of controversial decisions that bring shame to the sport,...

Cough, splutter Mini crisis.
August 31, 2006... (From Business Day (South Africa)) Byline: Patrick Gearing Cough, splutter Mini crisis PATRICK GEARING I WAS just about to follow up my story on the new Mini last week with an alternative point of view after my jibe at the newcomer....