Business Day (South Africa) articles from January 2006

Business Day (South Africa) archives from January 2006

THE CRUCIAL CD COLLECTION.
January 31, 2006... (From Business Day (South Africa)) Byline: Richard Haslop THE CRUCIAL CD COLLECTION THE past couple of years have seen an explosion of terrific independent rock music from Canada. Until recently, it was the post-rock inventions of...

Acc-Ross braves punters' wait-and-see approach.
January 31, 2006... (From Business Day (South Africa)) Byline: Neels Blom Acc-Ross braves punters' wait-and-see approach THE MOVE to list Acc-Ross Holdings, the golf estate, residential and leisure property development group, is a brave one indeed. The...

Money for jam.
January 31, 2006... (From Business Day (South Africa)) Byline: Neels Blom Money for jam STILL effectively bearing the name of its founder, Hubert Davies, from way back in the 1890s, Hudaco is a company that sweats its assets to return 41% to its...

COLLECTABLES.
January 31, 2006... (From Business Day (South Africa)) Byline: Madden Cole COLLECTABLES LONDON-born James Hadley Chase, who has been dubbed the thriller maestro of the generation, started life as a children's encyclopaedia salesman before turning his...

HCI's regime.
January 31, 2006... (From Business Day (South Africa)) Byline: Neels Blom HCI's regime NOW that Hosken Consolidated Investments' (HCI's) battle for control of listed gaming rival Johnnic Holdings is done and dusted, with the group owning just more than...

FILM.
January 31, 2006... (From Business Day (South Africa)) Byline: Phillip Altbeker FILM AT A time when too many films settle for inconsequential diversion, it may be churlish to complain that BEE SEASON is too ambitious for its own good and certainly more...

SA hotels thrive despite strong rand study.
January 31, 2006... (From Business Day (South Africa)) Byline: Siseko Njobeni SA hotels thrive despite strong rand study Trade and Industry Correspondent SOUTH AFRICAN hotels increased their occupancy rate 4,4% to 69% last year, surpassing the...

THE INSIDER.
January 31, 2006... (From Business Day (South Africa)) THE INSIDER Some sport is more equal than others ALL the while it has become fashionable to vilify golf estates and their expensive fairway villas as islands of racial privilege, a growing number of key...

Who will blink first?
January 31, 2006... (From Business Day (South Africa)) Who will blink first? THIS week's strike by the main four trade unions at Transnet is a new and important test for the relationship between government and labour. Critically, it will show just how firm...

Education units.
January 31, 2006... (From Business Day (South Africa)) Education units THE Association of Collective Investments, which represents the unit trust industry, has come up with a rather interesting idea: a unit trust aimed at parents saving for their children's...

Upwardly mobile grog.
January 31, 2006... (From Business Day (South Africa)) Byline: Neels Blom Upwardly mobile grog SABMILLER's decision to transfer control of its four premium-label brands in the UK to its latest subsidiary, Miller Brands, is an early move in the group's...

Status quo is the best defence.
January 31, 2006... (From Business Day (South Africa)) Byline: David Fowkes Status quo is the best defence The Business Day cartoon on January 27 captures a common sentiment: why get upset by Iran and North Korea's nukes when other states have many more...

Coaches confident all is not lost for Bafana.
January 31, 2006... (From Business Day (South Africa)) Byline: Mninawa Ntloko Coaches confident all is not lost for Bafana Deputy Sports Editor SOUTH African soccer coaches have assured an increasingly apprehensive public that the ailing national team...

Spoilt-for-choice Manuel should cut regional levy albatross loose.
January 31, 2006... (From Business Day (South Africa)) Byline: Hilary Joffe Spoilt-for-choice Manuel should cut regional levy albatross loose A YEAR ago Finance Minister Trevor Manuel cut the corporate tax rate from 30% to 29%, saying: Watch this space....

Trojan horse proposal not about Mbeki's merits.
January 31, 2006... (From Business Day (South Africa)) Byline: Karima Brown Trojan horse proposal not about Mbeki's merits THE South African National Civic Organisation's (Sanco's) bombshell proposal to amend SA's constitution confirms an ongoing...

Wiid's three-year-oldentry may just prove to be too smart.
January 31, 2006... (From Business Day (South Africa)) Byline: David Mollett Wiid's entry may just prove to be too smart Captain Corageous has useful form Racing Editor CAPTAIN Corageous could prove too smart for his elder rivals and notch his third...

Treasury predicts more underspending from provinces.
January 31, 2006... (From Business Day (South Africa)) Byline: Linda Ensor Treasury predicts more underspending from provinces Political Correspondent CAPE TOWN Provincial underspending on capital projects is likely by the end of the fiscal year in...

1time marks Lusaka on flight plans.
January 31, 2006... (From Business Day (South Africa)) Byline: Siseko Njobeni 1time marks Lusaka on flight plans Trade and Industry Correspondent LOW-cost airline 1time said yesterday that it would offer flights to Lusaka from the end of next month...

Pitfalls of the third term.
January 31, 2006... (From Business Day (South Africa)) Byline: Anthony Butler DEMOCRACY IN AFRICA/ Pitfalls of the third term AFRICA's post-1990 constitutions have almost all incorporated a democratic safety mechanism: a two-term limit for the state...

Advocates lash minister over judges bills.
January 31, 2006... (From Business Day (South Africa)) Byline: Wyndham Hartley Advocates lash minister over judges bills General Council of the Bar lays bare its fears over judicial independence ahead of crucial meeting with Mabandla Parliamentary...

Cosatu, SACP reject third-term proposals.
January 31, 2006... (From Business Day (South Africa)) Byline: Vukani Mde Cosatu, SACP reject third-term proposals Political Correspondent THE African National Congress (ANC) Youth League yesterday poured cold water on a proposal to amend SA's...

'Exciting' offer lures Jali away from bench.
January 31, 2006... (From Business Day (South Africa)) 'Exciting' offer lures Jali away from bench KWAZULU-Natal Deputy Judge President Thabane Jali had resigned and would probably vacate his chambers at the end of next month, Judge President Vuka...

Unemployment SA's biggest hurdle report.
January 31, 2006... (From Business Day (South Africa)) Byline: Rob Rose Unemployment SA's biggest hurdle report Another key finding of study is lingering pessimism over corruption in the corporate environment and government Chief Reporter UNEMPLOYMENT...

Yes, it does.
January 31, 2006... (From Business Day (South Africa)) Byline: Michel Pireu Yes, it does Last week I quoted research that found higher income doesn't increase subjective wellbeing over the long-term. However, a reader has written in to say that anyone...

Manuel warns Africa of statistics pitfalls.
January 31, 2006... (From Business Day (South Africa)) Byline: Linda Ensor Manuel warns Africa of statistics pitfalls Political Correspondent CAPE TOWN African countries must strengthen their statistics-gathering to underpin policymaking and enable...

Call for housing rings loud in survey.
January 31, 2006... (From Business Day (South Africa)) Byline: Hopewell Radebe Call for housing rings loud in survey Deputy Political Editor SOUTH Africans say job creation, poverty alleviation, inflation control and housing delivery are their most...

MPs put Eskom in hot seat over 'loose bolt' at Koeberg plant.
January 31, 2006... (From Business Day (South Africa)) Byline: Wyndham Hartley MPs put Eskom in hot seat over 'loose bolt' at Koeberg plant Parliamentary Editor CAPE TOWN The spectre of a nuclear accident at Western Cape's Koeberg power station was...

MADE IT: Nkosazana Dlamini-Zuma.
January 31, 2006... (From Business Day (South Africa)) Foreign Minister, Nkosazana Dlamini-Zuma, for the Non-Aligned Movement's critical stance on Iran's nuclear plan. Perhaps Iran will now join in talks to disarm.

MADE IT: James Ngculu.
January 31, 2006... (From Business Day (South Africa)) Western Cape ANC chairman James Ngculu, for finally kicking out the former mayor of Central Karoo, Truman Prince. And not a moment too soon. What took you so long?

Making freedom work for SA.
January 31, 2006... (From Business Day (South Africa)) Byline: Temba Nolutshungu CONSTRAINTS TO GROWTH/ Making freedom work for SA GOVERNMENT is reported to have identified six constraints preventing the South African economy from growing at the...

Challenge to Van Rooyen is gaining momentum.
January 31, 2006... (From Business Day (South Africa)) Byline: Zeena Isaacs Challenge to Van Rooyen is gaining momentum Rugby Correspondent SOME members of the South African Rugby Union's (Saru's) governing body, the presidents' council, will begin...

AEL damp squib as explosives probe is halted.
January 31, 2006... (From Business Day (South Africa)) Byline: Carli Lourens AEL damp squib as explosives probe is halted Ends hope of curbing cheap Chinese imports Trade and Industry Editor GOVERNMENT has terminated an investigation into allegations of...

OUT: Mlungisi Hlongwane.
January 31, 2006... (From Business Day (South Africa)) Mlungisi Hlongwane of Sanco, for calling for constitutional change to give President Thabo Mbeki a third term. Mbeki we understand, but what about the next guy?

Offshore units make up fall in DRDGold's local output.
January 31, 2006... (From Business Day (South Africa)) Byline: Charlotte Mathews Offshore units make up fall in DRDGold's local output Resources Editor PRODUCTION declined in the December quarter at almost all the South African and Australasian mines in...

Tawana to explore alluvial diamond site.
January 31, 2006... (From Business Day (South Africa)) Byline: Charlotte Mathews Tawana to explore alluvial diamond site DIAMOND exploration company Tawana Resources has begun discussions with several alluvial diamond operators who have the plant,...

Hudaco stumbles on path to growth.
January 31, 2006... (From Business Day (South Africa)) Byline: Carli Lourens Hudaco stumbles on path to growth INDUSTRIAL group Hudaco is struggling to expand through acquisition, with at least two deals having fallen through in the past year. The...

Dunlop SA sold to Apollo Tyres, global parent in R400m deal.
January 31, 2006... (From Business Day (South Africa)) Byline: Nicola Jenvey Dunlop SA sold to Apollo Tyres, global parent in R400m deal Low-cost techniques from India to cut costs KwaZulu-Natal Correspondent DURBAN Dunlop Tyres International and...

Hyprop uses debt market to cut costs.
January 31, 2006... (From Business Day (South Africa)) Byline: Nick Wilson Hyprop uses debt market to cut costs Property Correspondent RETAIL-focused listed property loan stock Hyprop Investments said yesterday it would be making use of a capital market...

Liberty sells Australian life assurer.
January 31, 2006... (From Business Day (South Africa)) Byline: Stephen Gunnion Liberty sells Australian life assurer Financial Services Editor LIBERTY Life had sold Australian business PrefSure Holdings to New Zealand's Tower Limited in a deal that...

Media's duty (1).
January 31, 2006... (From Business Day (South Africa)) Byline: Eric Stockenstrom I was astonished by Themba Khumalo's emotional outburst against Rhoda Kadalie. Methinks Kadalie is getting a bit too close to the mark with her insightful observations of...

Safe cigarettes.
January 31, 2006... (From Business Day (South Africa)) Byline: Yussuf Saloojee Safe cigarettes A single discarded cigarette set Table Mountain alight last week, causing a loss of life and vast environmental damage. This is not an isolated incident. Each...

SELECTIONS.
January 31, 2006... (From Business Day (South Africa)) 1st Race: No Selection; 2nd Race: (11) Sweet Like A Lemon (12) Test By Taste (6) Ever So Fast (8) Gold Eros; 3rd Race: (11) Woodland Melody (4) Lady In The Woods (1) Espinado (10) That's The Game; 4th...

Language legacy.
January 31, 2006... (From Business Day (South Africa)) Byline: Henry Watermeyer Language legacy Recently I heard a radio presenter talking about nonwhites. It is time we changed our language. Should we not be talking about blacks and nonblacks? Blacks...

Media's duty.
January 31, 2006... (From Business Day (South Africa)) Byline: Helen Suzman Media's duty Themba Khumalo's letter, Who's a stranger to democracy? (January 27), refers. What there was in Rhoda Kadalie's column, Smug white journalists strangers to...

Ill-advised bills.
January 31, 2006... (From Business Day (South Africa)) Byline: Sheila Camerer Ill-advised bills Supreme Court of Appeal Judge Carole Lewis's analysis in, Making the case for judicial freedom in a democracy (January 23), of the controversial bills...

Media24, website owner fight over '24'.
January 31, 2006... (From Business Day (South Africa)) Byline: Ron Derby Media24, website owner fight over '24' Media Correspondent LISTED media group Naspers' subsidiary Media24, which holds the group's print and internet titles, has sent a letter to...

S&P takes dim view of Skandia's credit rating.
January 31, 2006... (From Business Day (South Africa)) Byline: Stephen Gunnion S& P takes dim view of Skandia's credit rating GLOBAL credit ratings agency Standard & Poor's (S& P) has downgraded Skandia's credit rating, partly due to the problems Old...

Companies move towards broad-based ownership.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Companies move towards broad-based ownership Employees now included in deals CONCERNS have been raised that black economic empowerment deals have tended to focus on a...

Period of consolidation on the cards.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Period of consolidation on the cards DURING the early days of empowerment, many empowerment companies concluded a wide range of deals with diverse companies spread across...

Concern over global financial standards.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Concern over global financial standards SA's drive towards empowerment is causing concern in the international accounting world. Rob Wessels, joint head of corporate...

Fine print plays an important role.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Fine print plays an important role ACHIEVING broad-based black economic empowerment has become a crucial objective in the present wave of empowerment transactions. Safiyya...

Property charter will spark activity.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Property charter will spark activity LINKED unit companies can follow the example set by Growthpoint and utilise their status to fund empowerment deals effectively and...

Disappointment in store for multinationals.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Disappointment in store for multinationals IN DECEMBER 2005 the trade and industry department issued the draft of the second phase of the Black Economic Empowerment (BEE)...

Smaller companies get on empowerment bandwagon.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Smaller companies get on empowerment bandwagon Release of codes has helped to provide clarity, writes ALTHOUGH high-profile empowerment deals involving listed companies...

Bank did not expect black partners to bring in business.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Bank did not expect black partners to bring in business STANDARD Bank has taken a broad approach to its empowerment objectives and has chosen to include strategic partners,...

Move to company-facilitated transactions is paying off.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Move to company-facilitated transactions is paying off Deals costs less for BEE firms THERE is a growing trend in the black economic empowerment arena for companies seeking...

Codes clarify ownership issues.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Codes clarify ownership issues ONE of the new issues highlighted in the trade and industry department's BEE codes released in December last year is the level of net equity...

'High-water mark' poses problem.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham 'High-water mark' poses problem SA's empowerment drive faces a major challenge when deals reach their resolution point and companies may find their empowerment...

BEE plays a genuine role in business.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham BEE plays a genuine role in business THE number of small and medium-sized companies making genuine empowerment deals is increasing. Kevin de Villiers, CEO of Arcay...

Lessons from past put into practice.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Lessons from past put into practice A NUMBER of key trends have arisen in black economic empowerment transactions concluded over the past 12 months. Soria Hay,...

Support for local development plans.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham Support for local development plans VERIZON SA (previously UUNet SA) has achieved level three empowerment status according to empowerment-rating company Emex, and it has...

BEE should no longer be an issue in 10 years.
January 31, 2006... (From Business Day (South Africa)) Byline: Andrew Gillingham BEE should no longer be an issue in 10 years Black business will be standing on its own feet without any need for assistance IN 10 years time the formal approach to black...

'One of the best BEE deals ever made'.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson 'One of best BEE deals ever made' THE BEE initiative initiated by Ukhamba Holdings was probably one of the most effective black economic empowerment deals that has ever been...

Relationship opens doors for family-owned business.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Relationship opens doors for family-owned business ENTERING a business relationship with Ukhamba Holdings has enabled Giuricich Brothers Construction to restructure its...

Automatic transfer of shares is part of the plan.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Automatic transfer of shares is part of the plan NO MATTER what economic vagaries occur over the long term, all shares promised by the Imperial Group will transfer across to...

Trust is a key factor.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Trust is a key factor FROM the outset a high level of trust was embedded in the business relationship between the Ukhamba Green Services group and Ukhamba Holdings, says Oscar...

Deal built on sound economic base.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Deal built on sound economic base BEE transaction increases Imperial's growth rate THE Imperial Group undertook a thorough survey among its top management to assess the likely...

Wealth-generation strategy pays off.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Wealth-generation strategy pays off THERE have been two basic categories of investments as part of the strategy of wealth generation on behalf of black employees undertaken by...

Staff set to benefit almost immediately.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Staff set to benefit almost immediately Scheme has exceeded all of company's expectations A GREAT deal of initial effort was put into structuring the Ukhamba Holdings BEE...

Company poised for new phase of growth.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Company poised for new phase of growth Series of acquisitions on the cards, writes BLACK-empowered investment company Ukhamba Holdings is poised to begin the next phase of its...

Partners embrace the true spirit of change in SA.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Partners embrace the true spirit of change in SA THE path towards becoming a fully fledged investment company has been an evolutionary one for Ukhamba Holdings. CEO Veli...

Employees contribute vital funds.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Employees contribute vital funds UKHAMBA Holdings was set up in 1998 to benefit about 15|200 black employees of the Imperial Group. The employees' interests were housed within...

Empowerment model that set benchmark.
January 31, 2006... (From Business Day (South Africa)) Byline: David Jackson Empowerment model that set benchmark Other deals follow Ukhamba's lead in making staff integral part of the process THE Imperial Group's vision in coming up with the Ukhamba...

SA lags Ghana and Nigeria as an investor-friendly country.
January 31, 2006... (From Business Day (South Africa)) Byline: Lindsay Williams SA lags Ghana and Nigeria as an investor-friendly country THE Fraser Institute has presented a report on investor-friendliness in Nigeria, while at the same time SA is being...

Safety first when flying with SAA.
January 31, 2006... (From Business Day (South Africa)) Safety first when flying with SAA National carrier says it supports all initiatives and strategies to improve aviation safety in Africa SOUTH African Airways (SAA) acknowledges that safety in every...

Mittal-Arcelor deal 'could take consolidation to another level'.
January 30, 2006... (From Business Day (South Africa)) Byline: Lindsay Williams Mittal-Arcelor deal 'could take consolidation to another level' STEEL magnate Lakshmi Mittal has launched an audacious GBP12,75bn takeover attempt on rival European steel...

Barclays faces hurdle in Africa leg of Absa deal.
January 30, 2006... (From Business Day (South Africa)) Byline: Rob Rose Barclays faces hurdle in Africa leg of Absa deal Registrar fears SA bank may be biting off more than it can chew Chief Reporter UK BANK Barclays faces a major hurdle in the planned...

ART.
January 30, 2006... (From Business Day (South Africa)) Byline: Alex Dodd ART WARREN Siebrits is launching his year firing on all cylinders, with a show that offers serious collectors an opportunity to fill some important holes in their collections and...

ART.
January 30, 2006... (From Business Day (South Africa)) Byline: Jane Mayne ART WE ALL know that the world is not always quite what it seems, and in DEBORAH POYNTON's latest works there is an air of brilliance which affirms the existence of the multiple...

THEATRE.
January 30, 2006... (From Business Day (South Africa)) Byline: Mary Jordan THEATRE ANDRE THE HILARIOUS HYPNOTIST (Studio Theatre, Montecasino) is a gutsy performer, an artist to his marrowbones. His preoccupation with style and nuance and wry comedy...

State asked to join student savings plan.
January 30, 2006... (From Business Day (South Africa)) Byline: Stephen Gunnion State asked to join student savings plan Financial Services Editor THE Association of Collective Investments (ACI) plans to ask government to help promote savings for...

Female caution key.
January 30, 2006... (From Business Day (South Africa)) Byline: Bryan Hirsch Female caution key FINANCE has long been considered an exclusively male domain. The traditional image of the dark-suited banker with his black umbrella on his way to work in the...

Pedal power.
January 30, 2006... (From Business Day (South Africa)) Pedal power VELO Mondial 2006, an international conference devoted to the world's cleanest, healthiest, and most economical and efficient form of transport the bicycle is scheduled to take place in...

Iran wins SA backing for 'peaceful' nukes.
January 30, 2006... (From Business Day (South Africa)) Byline: Linda Ensor Iran wins SA backing for 'peaceful' nukes Political Correspondent CAPE TOWN SA, Cuba and Malaysia the troika of countries representing the Non-Aligned Movement have endorsed...