Business Day (South Africa) articles from January 2007

Business Day (South Africa) archives from January 2007

Corporate cash could be propping up equity prices.
January 31, 2007... (From Business Day (South Africa)) Byline: Viwe Tlaleane Corporate cash could be propping up equity prices CORPORATE SA can hardly be accused of an investment strike. Yet the quantum of cash on corporate balance sheets continues to...

Sudden buzz for GVM.
January 31, 2007... (From Business Day (South Africa)) Byline: Viwe Tlaleane Sudden buzz for GVM GVM Metals shares, which generally trade fewer than 10000 a day in typically illiquid fashion for secondary listings, registered a surprising volume of...

Madison looking up.
January 31, 2007... (From Business Day (South Africa)) Byline: Viwe Tlaleane Madison looking up THE prospects for listed property asset management company Madison are looking decidedly better than they did in July last year. After listing in June the...

Why the hackneyed explanation?
January 31, 2007... (From Business Day (South Africa)) Byline: Michel Pireu Why the hackneyed explanation? ON MONDAY Simmer & Jack Mines announced that G Miller and J Berry had each exercised options to acquire 4233333 shares in the company at 30c a...

Delay opens door for floor-crossing MPs.
January 31, 2007... (From Business Day (South Africa)) Byline: Wyndham Hartley Delay opens door for floor-crossing MPs Parliamentary Editor CAPE TOWN SA should brace itself for another deeply unpopular floor-crossing period in September as Parliament's...

THE INSIDER.
January 31, 2007... (From Business Day (South Africa)) THE INSIDER Three years and R18bn to reel in Gill Marcus SOME skills just don't come cheap. Ask Gold Fields CEO Ian Cockerill, who joked last week that it had cost his company about R18bn to get...

Positive sentiment buoys JSE.
January 31, 2007... (From Business Day (South Africa)) Positive sentiment buoys JSE THE JSE ended in positive territory yesterday, buoyed by positive sentiment towards equities. Late afternoon demand gave resources heavyweights a boost, but gold stocks eased...

The right message.
January 31, 2007... (From Business Day (South Africa)) The right message AFRICAN leaders meeting this week at the annual African Union (AU) summit in Addis Ababa should be commended for having had guts enough to turn down Sudanese President Omar al-Bashir's...

Credit boom.
January 31, 2007... (From Business Day (South Africa)) Credit boom SOUTH Africans still have an extremely healthy appetite for debt, despite the fact that interest rates are now a full two percentage points higher than they were this time last year. Latest...

Time to hit the off-switch if SA is to survive power crunch.
January 31, 2007... (From Business Day (South Africa)) Byline: Robyn Chalmers Time to hit the off-switch if SA is to survive power crunch IT WAS about 2am on a warm Highveld morning when Eskom transmission MD Jacob Maroga realised a crisis was looming....

For many people, it is get rich in 2010 or bust.
January 31, 2007... (From Business Day (South Africa)) Byline: Mninawa Ntloko For many people, it is get rich in 2010 or bust IF I do not find some way to become a millionaire through the 2010 Soccer World Cup, then there is no way in hell I'm ever...

No easy pickings as selectors name squad.
January 31, 2007... (From Business Day (South Africa)) Byline: Mark Smit No easy pickings as selectors name squad Last-minute jitters for panel Sports Editor THE national selectors seemed to get the last-minute jitters yesterday, knowing that the...

WINE.
January 31, 2007... (From Business Day (South Africa)) Byline: Michael Fridjhon WINE SOUTH African sauvignon blanc sales continue to grow notwithstanding clear evidence that global warming is reducing the habitat of this heat-sensitive variety. At one...

State may help viewers to buy digital TV upgrade.
January 31, 2007... (From Business Day (South Africa)) Byline: Lesley Stones State may help viewers to buy digital TV upgrade Information Technology Editor CONSUMERS may soon be able to upgrade their television viewing with financial help from the...

Crunch time for passengers at world airports.
January 31, 2007... (From Business Day (South Africa)) Byline: Khulu Phasiwe Crunch time for passengers at world airports Acsa says it has started preparing to receive record numbers of travellers, expanding airport facilities at a cost of R5,2bn Public...

SARS content that World Cup is a taxing affair.
January 31, 2007... (From Business Day (South Africa)) Byline: Sanchia Temkin SARS content that World Cup is a taxing affair Analysts say tournament set to bring in more than R20bn in revenue to the country's coffers Professional Services Editor THE...

Credit growth wanes as rates bite.
January 31, 2007... (From Business Day (South Africa)) Byline: Ayanda Shezi Credit growth wanes as rates bite Economics Correspondent CREDIT growth slowed for a second month running last month as monetary policy finally began to have the desired...

Durban needs R600m to finish 2010 stadium.
January 31, 2007... (From Business Day (South Africa)) Byline: Edward West Durban needs R600m to finish 2010 stadium Executive committee to ask council to forgo R300m in nonessential services to help plug financial gap in construction KwaZulu Natal...

'No radiation sickness' in Pelindaba workers.
January 31, 2007... (From Business Day (South Africa)) Byline: Linda Ensor 'No radiation sickness' in Pelindaba workers Political Correspondent CAPE TOWN A report to be released by the Nuclear Energy Corporation of SA (Necsa) in the next few days would...

Thieving officials 'cross the line of decency'.
January 31, 2007... (From Business Day (South Africa)) Byline: Chris van Gass Thieving officials 'cross the line of decency' Cape Correspondent CAPE TOWN Deputy President Phumzile Mlambo-Ngcuka yesterday criticised officials who stole from the poor,...

Rapist appointed by school removed.
January 31, 2007... (From Business Day (South Africa)) Byline: Sue Blaine Rapist appointed by school removed A WESTERN Cape teacher convicted last year of statutory rape, and rehired by his school's governing body, has been removed from his position by...

Jo'burg varsities to work together.
January 31, 2007... (From Business Day (South Africa)) Byline: Sue Blaine Jo'burg varsities to work together Education Correspondent THE University of the Witwatersrand (Wits) and the University of Johannesburg (UJ) were to collaborate on several...

Bombela celebrates putting Gautrain contract to bed.
January 31, 2007... (From Business Day (South Africa)) Byline: Chantelle Benjamin Bombela celebrates putting Gautrain contract to bed Rapid rail link's constructors full of praise for provincial officials, who 'worked tirelessly' to finalise financial...

Blacklist fear at SABC Cosatu.
January 31, 2007... (From Business Day (South Africa)) Byline: Ernest Mabuza Blacklist fear at SABC Cosatu THE SABC said yesterday it had accepted the resignation of news anchor John Perlman with regret while the Congress of South African Trade Unions...

Teachers body livid at school blunder.
January 31, 2007... (From Business Day (South Africa)) Byline: Sue Blaine Teachers body livid at school blunder THE company contracted to deliver books and other learning materials to Gauteng's almost 2000 schools had given schools goods they had not...

New SAA cash mayday after 'very tough' year.
January 31, 2007... (From Business Day (South Africa)) Byline: Linda Ensor New SAA cash mayday after 'very tough' year Erwin says it is important for state to keep control of airline Political Correspondent CAPE TOWN Talks were under way with the...

Smoking laws have tobacco industry gasping.
January 31, 2007... (From Business Day (South Africa)) Byline: Wyndham Hartley Smoking laws have tobacco industry gasping CAPE TOWN Tobacco giant British American Tobacco (BAT) had told Parliament that a measure of the success of SA's anti-smoking laws...

Hudaco has legs for a further price rise.
January 31, 2007... (From Business Day (South Africa)) Byline: Ben Temkin Hudaco has legs for a further price rise THIS forecasting business in a bull market seems to be a doddle. You look at a good company, note that the investment fundamentals are...

Mixed signals but demand up Mixed signals but demand is on the upside THE price of Hudaco went through the roof on Monday. To illustrate demand for the share I have used a bar plotting, overlaid by a demand index. As the two plottings almost.
January 31, 2007... (From Business Day (South Africa)) Byline: Jean Temkin Mixed signals but demand up THE price of Hudaco went through the roof on Monday. To illustrate demand for the share I have used a bar plotting, overlaid by a demand index. As the...

MADE IT:African Union CE Alpha Oumar Konare.
January 31, 2007... (From Business Day (South Africa)) African Union CE Alpha Oumar Konare. The AU's deft rejection of Sudan as its leader sends the right message to other member states and gives its credibility a shot in the arm.

OUT:Labour Minister Membathisi Mdladlana.
January 31, 2007... (From Business Day (South Africa)) Labour Minister Membathisi Mdladlana. Suggesting a return to military conscription as a way of solving the crime problem sounds like grasping at straws.

MADE IT:Radio host John Perlman.
January 31, 2007... (From Business Day (South Africa)) Radio host John Perlman. After the blacklist furore, his quitting the SABC is a Pyrrhic victory. He keeps his integrity, which is more than can be said for some of those he leaves behind.

Waratahs to give Lions rookies Super 14 baptism of fire.
January 31, 2007... (From Business Day (South Africa)) Byline: Zeena Isaacs Waratahs to give Lions rookies Super 14 baptism of fire Rugby Correspondent INJURIES to several key players in the Lions squad have forced coach Eugene Eloff to name a...

Investors look offshore for growth.
January 31, 2007... (From Business Day (South Africa)) Byline: Ayanda Shezi Investors look offshore for growth Exceptional returns on local equities seen in past few years unlikely to be repeated this year Economics Correspondent SOUTH African investors...

Atlantic seaboard 'reeling in buyers'.
January 31, 2007... (From Business Day (South Africa)) Byline: Business Day Reporter Atlantic seaboard 'reeling in buyers' SALES of residential property along Cape Town's Atlantic seaboard have continued to boom into the new year in spite of four...

Zenprop joins Bonatla in Durban development.
January 31, 2007... (From Business Day (South Africa)) Byline: Nick Wilson Zenprop joins Bonatla in Durban development Property Correspondent IN A deal worth R140m, unlisted property fund Zenprop will become an effective joint venture partner with...

Centurion lifestyle keeps prices buoyant.
January 31, 2007... (From Business Day (South Africa)) Byline: Business Day Reporter Centurion lifestyle keeps prices buoyant RESIDENTIAL property is in strong demand in Centurion, Gauteng, with about 4500 units sold last year worth R3bn, says Jawitz...

Century City bucks trend in Cape Town.
January 31, 2007... (From Business Day (South Africa)) Byline: Nick Wilson Century City bucks trend in Cape Town IN SPITE of a general slowdown in the residential property market, Cape Town mixed-use precinct Century City is still enjoying strong demand...

GVM should know feasibility of Holfontein coal mining in weeks.
January 31, 2007... (From Business Day (South Africa)) Byline: Charlotte Mathews GVM should know feasibility of Holfontein coal mining in weeks Resources Editor BASE metals and coal company GVM Metals, which took a secondary listing on the JSE late last...

Scharrig Mining raises R1523m for Geosearch and other acquisitions.
January 31, 2007... (From Business Day (South Africa)) Byline: Charlotte Mathews Scharrig Mining raises R153m for Geosearch and other acquisitions MINING services company Scharrig Mining has raised R152,9m through placing shares with financial...

Mining sector thrives despite gold's sunset image.
January 31, 2007... (From Business Day (South Africa)) Byline: Charlotte Mathews Mining sector thrives despite gold's sunset image Government policy, rude officials and political risk seen as deterrent to the big world players in the extractive...

Collins plans to develop mega warehouse in Durban.
January 31, 2007... (From Business Day (South Africa)) Byline: Edward West Collins plans to develop mega warehouse in Durban DURBAN Collins Property Group, a privately owned diversified property company that is planning to develop one of the largest...

Tax red tape 'ties up SA firms'.
January 31, 2007... (From Business Day (South Africa)) Byline: Sanchia Temkin Tax red tape 'ties up SA firms' Professional Services Editor INCREASED complexity of tax legislation coupled with pressure from the South African Revenue Service (SARS) has...

Sun plans for Moscow hobbled by new laws.
January 31, 2007... (From Business Day (South Africa)) Byline: Janet Parker Sun plans for Moscow hobbled by new laws Leisure Industries Editor HOTEL and leisure group Sun International said yesterday that it might take longer than originally planned to...

Land values on the rise in SA.
January 31, 2007... (From Business Day (South Africa)) Byline: Nick Wilson Land values on the rise in SA Prices lower than in developed world WHILE land prices are surging and land value as a percentage of development cost is on the rise, they are...

US scorns rights.
January 31, 2007... (From Business Day (South Africa)) Byline: I Vawda US scorns rights The US is applying double standards and eroding human rights, Government too willing to be US proxy on terror (January 30). These are issues of universal principles...

Blame absurd policy for outages.
January 31, 2007... (From Business Day (South Africa)) Byline: Philip Lloyd Blame absurd policy for outages Of course, it is great news that Eskom is to install a lot of additional generating capacity, over and above the R97bn earmarked for the...

Time to say sorry.
January 31, 2007... (From Business Day (South Africa)) Byline: Peter Vale Time to say sorry What is Greg Mills trying to say, Mission possible in Afghanistan (January 29)? His article reads like a poorly written guide to installing a cupboard. The world...

Move Mbeki on.
January 31, 2007... (From Business Day (South Africa)) Byline: Andy Dott Move Mbeki on How much longer can this country endure the inefficiency of President Thabo Mbeki? His legacy will reflect major damage. With his smug, self-righteous everything...

Give us report.
January 31, 2007... (From Business Day (South Africa)) Byline: Jon Quirk Give us report Should we not all be asking for a copy of the report on SA prepared under the African Peer Review Mechanism? As I understand it from various reporters, is it not the...

Investigate SABC.
January 31, 2007... (From Business Day (South Africa)) Byline: Willie Currie Investigate SABC The resignation of Nikiwe Bikitsha and John Perlman from the SABC is a sad moment in our post-liberation history, Perlman quits SABC after list furore (January...

Warning for SA.
January 31, 2007... (From Business Day (South Africa)) Byline: Gunter Pabst Warning for SA I was shocked when I received the news that John Perlman had resigned, Perlman quits SABC after list furore (January 30). One of the finest journalists in SA...

Respect for all.
January 31, 2007... (From Business Day (South Africa)) Byline: Peter Oosthuizen Respect for all Phumla Khanyile's well- reasoned letter deserves support, Tradition should respect all (January 29). There is ample space in our society for everyone's...

Gratifying advice.
January 31, 2007... (From Business Day (South Africa)) Byline: CS Powell Gratifying advice Business Day readers will no doubt be relieved to learn how to make water safe for drinking and food safe for eating, thanks to the advert placed on page 3...

Revival for Madison after torrid 2006.
January 31, 2007... (From Business Day (South Africa)) Byline: Nick Wilson Revival for Madison after torrid 2006 Property Correspondent THE unit price of Madison Property Fund Managers, the first property asset management company to list on the JSE in...

Merck's profits take a hammering in the fourth quarter.
January 31, 2007... (From Business Day (South Africa)) Merck's profits take a hammering in the fourth quarter WASHINGTON US drug maker Merck's fourth-quarter profit fell 58% on costs from acquisitions and job cuts and as generic competition eroded sales....

Austro set to carve out niche on JSE.
January 31, 2007... (From Business Day (South Africa)) Byline: Mathabo Le Roux Austro set to carve out niche on JSE Mathabo le Roux Trade and Industry Correspondent WOODWORKING equipment distributor Austro will list on the industrial supplies sector of...

Tramways a model for Port Elizabeth city plans.
January 31, 2007... (From Business Day (South Africa)) Byline: Nick Wilson Tramways a model for Port Elizabeth city plans THE Mandela Bay Development Agency's (MBDA'S) plans to attract national developers to Port Elizabeth were given a major boost last...

In Brief - Property.
January 31, 2007... (From Business Day (South Africa)) Byline: Nick Wilson Property sales may slow as banks check credit exposure of buyers PROPERTY sales could be slowed by several weeks as banks begin to implement the provisions of the National Credit...

Restless thespian looks to bring the buzz from UK to KwaZulu-Natal.
January 31, 2007... (From Business Day (South Africa)) Byline: Renee Bonorchis Restless thespian looks to bring the buzz from UK to KwaZulu-Natal At the age of 34, Justin Foxton has started and run successful businesses in SA and London, writes Renee...

Track down the foods that cause your body harm.
January 31, 2007... (From Business Day (South Africa)) Byline: Sarah Hudleston Track down the foods that cause your body harm A comprehensive blood test is increasingly being used by doctors and dieticians as a first step in treating a range of health...

SYMPTOMS OF DRY EYES.
January 31, 2007... (From Business Day (South Africa)) SYMPTOMS OF DRY EYES THESE differ from person to person, but may include: Itching Burning A gritty feeling, as if you have something in your eye Redness Blurry vision that improves with blinking...

TREATMENT OPTIONS.
January 31, 2007... (From Business Day (South Africa)) TREATMENT OPTIONS Artificial tears: For symptomatic relief. Preservative-free products are preferable. The experts recommend that you avoid products that whiten the eyes, as they don't lubricate the...

The secret lies in enjoyment.
January 31, 2007... (From Business Day (South Africa)) Byline: Graeme Addison The secret lies in enjoyment Outdoor addict GRAEME ADDISON describes how a heart-rate monitor can reveal the good news and the bad news about a bid to get fit in the thick of...

HOW TO PREVENT IT.
January 31, 2007... (From Business Day (South Africa)) HOW TO PREVENT IT Brush and floss at least twice a day. Don't share drinks with others. Adults especially should not share drinks with children. Do not blow on someone else's food to cool it as this...

Keep yur gums in the pink.
January 31, 2007... (From Business Day (South Africa)) Byline: Charlene Smith Keep your gums in the pink Most South Africans have some level of gum inflammation that can lead to other serious diseases. An over-reliance on junk food, and the stagnant...

A quick guide to oral-health products.
January 31, 2007... (From Business Day (South Africa)) Byline: Marika Sboros A quick guide to oral-health products As dentistry's focus has moved from being curative to more preventative, electric toothbrushes and other oral-health devices have become...

Meet the embarrassing cousin of eating disorders.
January 31, 2007... (From Business Day (South Africa)) Byline: Judy Green Meet the embarrassing cousin of eating disorders Laxative abuse is most common among women, but men are not immune. It knows no age barriers and it is prevalent in the business...

Low blood pressure is really a bonus.
January 31, 2007... (From Business Day (South Africa)) Byline: Judy Green Low blood pressure is really a bonus Pat yourself on the back if your blood pressure is low, writes JUDY GREEN SOME people complain they suffer from low blood pressure. These...

Hospital plans are beneficial, but should be handled with care.
January 31, 2007... (From Business Day (South Africa)) Byline: John Sherrat Hospital plans are beneficial, but should be handled with care I AM frequently approached to comment on the debate over hospital plans versus full medical cover. It is one that...

When drugs are better than the talking cure.
January 31, 2007... (From Business Day (South Africa)) Byline: Ed Edelson When drugs are better than the talking cure For patients with heart disease and major depression, drugs may be better for the depression than psychotherapy, writes ED EDELSON IT's...

A saviour in our soil.
January 31, 2007... (From Business Day (South Africa)) Byline: Graeme Addison A saviour in our soil A radically new antibiotic with the ability to fight the growing epidemic of drug-resistant superbugs has emerged from South African soil. GRAEME ADDISON...

No time? No money? No motivation? Strategies for obliterating those excuses.
January 31, 2007... (From Business Day (South Africa)) Byline: Ronald Abvajee No time? No money? No motivation?Strategies for obliterating those excuses DO ANY of these statements ring a bell: I'm too busy to exercise; I can't afford a gym membership...

Quality shares for keen investors.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Quality shares for keen investors THE past 12 months has seen the AltX establish itself as a marketplace for serious companies as well as serious investors. Duncan...

Two views of the exchange.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Two views of the exchange THERE is some disagreement about the AltX's role in relation to the main board, with some taking the view that it is a junior exchange and others...

Young exchange a success.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Young exchange a success AltX is attracting bigger and better listings, writes SA's Alternative Exchange (AltX) is a success story, with more companies listing on the...

Stringent rules for entry are applied.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Stringent rules for entry are applied ALL too often, as a wave of listings gains momentum so the quality of companies coming to markets can deteriorate. Noah...

Companies opt for a higher profile.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Companies opt for a higher profile Overriding advantage of listing is for credibility, transparency and corporate governance THERE are often many reasons why companies...

Ahead in numbers game.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Ahead in numbers game EQUITY investors in SA, whether they are institutions, retail investors or private-client stockbrokers, are demanding variety when it comes to making...

Changes to law will aid new deals.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Changes to law will aid new deals COMPLICATED and costly structures have been used to fund many empowerment transactions, reducing the benefits to empowerment groups and...

Levelling playing fields.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Levelling playing fields THE ownership scorecard in the Codes of Good Practice, to be gazetted shortly, makes provision for the concept of once empowered always empowered....

More difficult to include employees.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham More difficult to include employees AS government has emphasised the need for broad-based empowerment, many companies have opted to implement empowerment transactions with...

Companies can help with funding.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Companies can help with funding WHEN banks first became involved in black economic empowerment they expected a higher level of vendor financing. Bill Blackie, head of...

Leveraged deals can provide real value for the empowerment partner.
January 31, 2007... (From Business Day (South Africa)) Byline: Andrew Gillingham Leveraged deals can provide real value for the empowerment partner LEVERAGED buyout transactions can have positive spin-offs for BEE players. While many black economic...