Business Day (South Africa) articles from March 2011

Business Day (South Africa) archives from March 2011

Killer husbands and other horrors.
March 31, 2011... Byline: KATY CHANCE Killer husbands and other horrors Chance Comments A FRIEND of mine (not my friend Gillian, obviously) once married an Englishmen. As distressing as this news is in and of itself, it gets worse. For her husband tried to...

Interview - Toby Orford - attorney. Art: theft, authenticity and repatriation.
March 31, 2011... Byline: Sanchia Temkin Art: theft, authenticity and repatriation With thieves and forgers about and some countries wanting their heritage back, buying art has many pitfalls, writes BUYING an expensive piece of art, even from a well-known...

Lotto opportunity for dance in SA.
March 31, 2011... Byline: Tammy Ballantyne Lotto opportunity for dance in SA TAMMY BALLANTYNE CONTINUITY, legacy and economic stability infused with innovation these are the elements most arts companies strive for. With the release of long-overdue funding from...

Capitec will show big banks a thing or two.
March 31, 2011... Byline: Dave Marrs THE BOTTOM LINE COLUMN Capitec will show big banks a thing or two FORGET about the slide in its share price yesterday Capitec remains a compelling investment story and CEO Riaan Stassen is relishing the prospect of...

De Kock calls on big-race runners.
March 31, 2011... Byline: DAVID MOLLETT De Kock calls on big-race runners Racing Editor CHAMPION trainer Mike de Kock will have big-race runners in both the UK and Hong Kong in the coming months as his stable continues to bring in the prize money for his loyal...

The market is always right - no matter how wrong you know it is.
March 31, 2011... Byline: Michel Pireu StreetDogs The market is always right no matter how wrong you know it is LISTEN to this carefully and never forget: the market is right all the time! Always! There is no & but& quot;maybe& or even &...

The Insider.
March 31, 2011... Compatriots' cricket coverage confounded A COLLEAGUE of the Insider is in receipt of some interesting reports sometimes known as rumours about the e.tv crew covering the Cricket World Cup. That is, the Cricket World Cup that is happening in...

JSE rallies as mood keeps improving.
March 31, 2011... JSE MARKET REPORT JSE rallies as mood keeps improving THE JSE experienced a broad rally yesterday as positive sentiments filtered through, while investors set aside recent gloomy news about the euro zone, Japan, the Middle East and North Africa....

EU states flinch at pain of rescue.
March 31, 2011... Byline: Janet Parker EU states flinch at pain of rescue THE resignation of Portuguese Prime Minister Jose Socrates could bring to a head one of the main unresolved issues arising from the 2008 global economic crisis: the future of the euro...

Second thoughts on Libya.
March 31, 2011... Second thoughts on Libya WHEN SA voted at the United Nations (UN) Security Council to enforce a no-fly zone, it was influenced by a desire to protect the civilian population in Libya from a dictatorship bent on killing its own people to stay in...

Film.
March 31, 2011... Byline: PHILLIP ALTBEKER Film NO STRINGS ATTACHED is a perfectly fitting title for a film about what might be described as anti-Platonic love and, moreover, makes few demands on the audience's memory. Neither Emma (Natalie Portman) nor...

Krol rejects suggestions Pirates are favourites to win title.
March 31, 2011... Byline: Mninawa Ntloko Krol rejects suggestions Pirates are favourites to win title MNINAWA NTLOKO Sports Editor DESPERATE to manage the increasing pressure on his charges, Orlando Pirates coach Rudi Krol yesterday dismissed suggestions that...

Labour bills will add more bricks to wall against jobless.
March 31, 2011... Byline: Richard Pike Unemployment Labour bills will add more bricks to wall against jobless A SIGNIFICANT divide has developed between SA's 13-million formally employed workers and the 9-million people unemployed or forced to eke out a...

The strange case of the disappearing house.
March 31, 2011... Byline: Tim Cohen The strange case of the disappearing house WHAT is wrong with local government in SA? It's an odd question because there are so many things wrong with local government, it's like asking, coyly, what precisely does the bear...

SA's eplazini spies know too little about Mugabe.
March 31, 2011... Byline: Jacob Dlamini SA's eplazini spies know too little about Mugabe SA's intelligence agencies are nothing more than political playgrounds and dumping sites for arrogant mediocrities SHONA is one of the most difficult languages in southern...

Arrest order raises tension in police.
March 31, 2011... Byline: ERNEST MABUZA Arrest order raises tension in police Sources leak news about Mdluli warrant PRESSURE mounted on crime intelligence boss Gen Richard Mdluli yesterday when it appeared police officers were leaking information to the media...

Capitec falls despite 46% increase in headline earnings.
March 31, 2011... Byline: SURE KAMHUNGA Capitec falls despite 46% increase in headline earnings Financial Services Editor SHARES in Capitec Bank yesterday surprisingly fell by an intra-day low of more than 7,4%, despite it announcing a 46% increase in headline...

Equities lift as Japan gets back to business.
March 31, 2011... Byline: RON DERBY Equities lift as Japan gets back to business Resources stocks rise on news that car production will resume Markets Editor THE JSE rose yesterday to its highest level since Japan's earthquake and tsunami jolted markets...

Union pushing for professional sports merchandise to be made in SA.
March 31, 2011... Byline: ALISTAIR ANDERSON Union pushing for professional sports merchandise to be made in SA Economics Staff THE South African Clothing and Textile Workers Union (Sactwu) is pushing for professional sports merchandise to be made in SA. ...

Late changes to motor industry plan 'unlikely'.
March 31, 2011... Byline: ALEXANDER PARKER Late changes to motor industry plan 'unlikely' Motor Industries Editor THE Department of Trade and Industry yesterday set out to soothe fears in the motor industry that the Automotive Production and Development Plan...

SA needs to act tough among Bric players.
March 31, 2011... Byline: Loyiso Langeni SA needs to act tough among Bric players Country prepares to attend its first meeting of the member states, writes SA SHOULD be wary of offering too many economic concessions to the Bric bloc without guarantees of...

Trouble is brewing between Setas and Nzimande.
March 31, 2011... Byline: SUE BLAINE Trouble is brewing between Setas and Nzimande Development & Environment Editor A FIGHT is brewing between Higher Education and Training Minister Blade Nzimande and SA's sector education and training authorities (Setas)...

Lottery board riddled with ineffective processes, says study.
March 31, 2011... Byline: BEKEZELA PHAKATHI Lottery board riddled with ineffective processes, says study Contributing Writer CAPE TOWN The National Lotteries Board was failing to meet its mandate and its distribution of grants was riddled with ineffective and...

Hofmeyr to probe R20bn corruption in tenders.
March 31, 2011... Byline: WYNDHAM HARTLEY Hofmeyr to probe R20bn corruption in tenders Parliamentary Editor CAPE TOWN Special Investigating Unit head Willie Hofmeyr yesterday reported a & massive increase& in requests for corruption investigations as...

League power play shows up pitfalls for Mantashe, Zuma.
March 31, 2011... Byline: Sam Mkokeli League power play shows up pitfalls for Mantashe, Zuma FORGET the May 18 local government elections. The poll may be an important event on SA's political calendar but in the bigger scheme of things, it is really just...

Joburg must shelter evicted occupants appeal court.
March 31, 2011... Byline: ERNEST MABUZA Joburg must shelter evicted occupants appeal court Legal Affairs Correspondent THE Supreme Court of Appeal yesterday found the housing policy of the City of Johannesburg was unconstitutional in that it excluded occupants...

Companies watchdog gets ready to bite.
March 31, 2011... Byline: LINDA ENSOR and SANCHIA TEMKIN Companies watchdog gets ready to bite THE Companies and Intellectual Property Commission will be ready to open its doors tomorrow with a new commissioner and deputy commissioner, who are expected to be...

New era arrives for corporate environment.
March 31, 2011... Byline: Sanchia Temkin New era arrives for corporate environment Many aspects of the new legal framework apply from today, writes FROM tomorrow, corporate life in SA will be very different as companies will have to adapt their policies,...

Bar council to probe Cape lawyer's remarks to judge.
March 31, 2011... Byline: FRANNY RABKIN Bar council to probe Cape lawyer's remarks to judge Law and Constitution Writer A DISCIPLINARY process by the Cape Bar Council into one of its members who swore at a judge before storming out of court had & already...

Small firms may opt for reviews over audits.
March 31, 2011... Byline: SANCHIA TEMKIN Small firms may opt for reviews over audits Professional Services Editor SMALL businesses will be able to opt for a less onerous way of having their financial statements verified, rather than the traditional audit route...

New act promises sweeping shake-up of liquidation sector.
March 31, 2011... Byline: LINDA ENSOR New act promises sweeping shake-up of liquidation sector Political Correspondent CAPE TOWN The implementation of the new Companies Act is likely to cause a shake-up in the liquidation industry because the business rescue...

Loskop Dam water 'deteriorating rapidly'.
March 31, 2011... Byline: TAMAR KAHN Loskop Dam water 'deteriorating rapidly' Science and Health Editor CAPE TOWN Farmers who depend on the Loskop Dam to irrigate their crops can breathe a sigh of relief after scientists found the water poses no immediate...

Board wants clarity on medical benefits costs.
March 31, 2011... Byline: JENNA ETHERIDGE Board wants clarity on medical benefits costs Sapa THE Board of Healthcare Funders of Southern Africa will apply to the High Court in Pretoria this week for a declaratory order on the payment of prescribed minimum...

Departments vague on veterans' benefits.
March 31, 2011... Byline: WYNDHAM HARTLEY Departments vague on veterans' benefits Parliamentary Editor CAPE TOWN The government departments that will have to deliver the ambitious list of benefits promised to former soldiers in the Military Veterans Bill have...

Commission to investigate political bias in electrification.
March 31, 2011... Byline: EDWARD WEST Commission to investigate political bias in electrification KwaZulu-Natal Editor A COMMISSION of inquiry will be established to investigate claims that thousands of households in KwaZulu-Natal have been left out of the...

Clicks shares have a proven potential.
March 31, 2011... Byline: Ben Temkin PRIVATE INVESTOR Clicks shares have a proven potential WRITING yesterday on loyalty cards, I looked again at the 2010 annual report of Clicks Group (Clicks) to find out how many ClubCard holders it had then. The answer was...

OUT: Advocate Nehemiah Ballem.
March 31, 2011... Advocate Nehemiah Ballem. There's no excuse for his & vloek and run& offence, yelling & Jou ma se p**s, man, f**k you!& at Judge Lee Bozalek then fleeing the scene before sentencing.

OUT: Former SA fast bowler Allan Donald.
March 31, 2011... Former SA fast bowler Allan Donald. As New Zealand's bowling coach he's done sterling work; when in the World Cup for SA, the most accurate thing to leave his hand was his bat.

OUT: German TV network Pro7 CEO Urs Rohner.
March 31, 2011... German TV network Pro7 CEO Urs Rohner for censoring any content & showing jokes on nuclear power& in The Simpsons animated show, set in a fictitious town with a fictitious nuclear plant.

SELECTIONS.
March 31, 2011... 1st Race: (8) Chop Suey (2) Saint Enough (9) Burj Dubai (1) King Bling 2nd Race: (12) Sir Swayze (1) Auto Pilot (3) Dan's Approval (14) Winter Skye 3rd Race: (14) Verbatim (3) Eve Of Victory (8) Paschal Moon (1) Amur Affair 4th Race: (5)...

Contracted Boks not guaranteed selection for Cup De Villiers.
March 31, 2011... Byline: Zeena Isaacs Contracted Boks not guaranteed selection for Cup De Villiers ZEENA ISAACS Rugby Correspondent SPRINGBOK coach Peter de Villiers yesterday warned the 23 contracted national players that their contracts for the 2011 season...

All Blacks could go the distance in this World Cup.
March 31, 2011... Byline: Zeena Isaacs All Blacks could go the distance in this World Cup THE All Blacks may carry the same & chokers& tag as the Proteas in World Cups but, judging by the burning form the Crusaders have displayed in the early stages of...

Burger cautious ahead of clash with Sharks.
March 31, 2011... Byline: Mninawa Ntloko Burger cautious ahead of clash with Sharks PHYSICAL Springbok flank Schalk Burger said yesterday that his team had to emulate the stifling performance that earned them an impressive win against the Bulls at Loftus...

SCOREBOARD - India innings; Pakistan innings.
March 31, 2011... India innings V Sehwag lbw b Wahab Riaz 38 S Tendulkar c Shahid Afridi b Saeed Ajmal 85 G Gambhir st K Akmal b M Hafeez 27 V Kohli c Umar Akmal b Wahab Riaz 9 Yuvraj Singh b Wahab Riaz 0 MS Dhoni lbw b Wahab Riaz 25 S Raina not out 36 H Singh st...

Avusa unit UHC 'backs takeover bid'.
March 31, 2011... Byline: Chantelle Benjamin Avusa unit UHC 'backs takeover bid' Recent acquisition may use stake to boost Capitau-led consortium offer CHANTELLE BENJAMIN Media Editor AVUSA's latest acquisition Universal Hirt & Carter (UHC) may be one of...

No celebrations yet at Capitec.
March 31, 2011... Byline: Banking; Companies; Results; Stock Market; Prices No celebrations yet at Capitec CEO wary of false sense of achievement despite big effect on market, writes Sure Kamhunga CORPORATE anniversaries are usually used by companies to boast...

Hardware Warehouse defies building slump.
March 31, 2011... Byline: Mark Allix Hardware Warehouse defies building slump MARK ALLIX Industrial Correspondent EASTERN Cape-based Hardware Warehouse has beaten the odds in a poor building and construction market, with group revenue rising 10,22% in the six...

Hotel group reduces headline loss.
March 31, 2011... Byline: STAFF REPORTER Hotel group reduces headline loss IFA Hotels & Resorts yesterday announced a basic and diluted headline loss per share of 3,10c for the six months to December, from a 10,41c loss previously. One of the contributing...

Jubilee deal to supply feed for furnace.
March 31, 2011... Byline: Allan Seccombe Jubilee deal to supply feed for furnace ALLAN SECCOMBE Resources Editor JUBILEE Platinum is about to unveil a transaction to give it early production of feed for a furnace specially designed to treat chrome-rich...

SA's policy dilemma.
March 31, 2011... Byline: Mbongiseni Ndhlela SA's policy dilemma SA is facing a serious dilemma regarding economic development. The root causes of this dilemma can be traced to the economic development policies of the country. SA is caught between neoclassical...

People must fight graft.
March 31, 2011... Byline: Mahomed Farouk Cassim People must fight graft Prof Adam Habib recently observed that & perceptions of corruption are widespread, (and that) a radical solution is needed& He is right. Since 1994 a not so subtle shift in outlook...

Winnings tax a blow.
March 31, 2011... Byline: Chris Richards Winnings tax a blow I was sad to read Bryan Hirsch's column (March 28) in which he confirmed that the tax on & winnings& has already been introduced. I had the pleasure of meeting the finance minister when he...

Zimbabwe shows way.
March 31, 2011... Byline: Luther Lebelo Zimbabwe shows way Zimbabwe has just passed the Indigenisation and Economic Empowerment Act, which requires all foreign firms valued at more than $500 000 to sell 51% stakes to locals. The act is expanded to include all...

SARS betters process.
March 31, 2011... Byline: Val Oertel SARS betters process So exciting to see that the South African Revenue Service (SARS) has taken a number of steps to improve revenue collection from taxpayers, such as extending staff working hours, making phone calls to...

Municipalities at fault.
March 31, 2011... Byline: Philip Lloyd Municipalities at fault & Isn't replacing and repairing ageing distribution infrastructure what Eskom should have been doing all along?& asks Mark Lowe (Questions for Eskom, Letters, March 25). Actually, no! About...

Halt abuse that prompts litigation.
March 31, 2011... Byline: Frans Cronje Halt abuse that prompts litigation Your two articles (Surge in litigation against the state prompts new policy, and Police minister & to stem tide of legal claims& March 30) reveal a lot of what is wrong with the...

Old Mutual defends investments.
March 31, 2011... Byline: Sure Kamhunga Old Mutual defends investments MDC-T's Roy Bennett wants insurer to disinvest from companies in Zimbabwe, writes OLD Mutual prides itself on being a paragon of good corporate governance and business ethics. Now the...

Increased bank lending benefits home builder.
March 31, 2011... Byline: Thabang Mokopanele Increased bank lending benefits home builder THABANG MOKOPANELE Property Editor AFFORDABLE homes builder RBA Holdings said yesterday it stood to gain from an increase in demand for homes, coupled with banks'...

Selco posts loss on cost of dropped transactions.(Financial report)
March 31, 2011... Byline: Siseko Njobeni Selco posts loss on cost of dropped transactions SISEKO NJOBENI Energy Affairs Editor SOUTHERN Electricity Company (Selco) fell into the red for the six months ended December due to & the substantial costs involved...

ALLAN SECCOMBE.
March 31, 2011... Byline: Allan Seccombe Consolidation in Bushveld platinum mining expected ALLAN SECCOMBE Resources Editor WESIZWE Platinum considers itself a player in the consolidation game now that it has secured funds from a powerful Chinese consortium...

New terminal for Audi arrivals.
March 31, 2011... New terminal for Audi arrivals The new Audi Centre in Somerset West in the Western Cape opened last Thursday. Officially known as an Audi terminal, the Somerset West building was the first single-floor unit of this type to be erected. ...

INDUSTRY NEWS. Putting the disabled behind the wheel.
March 31, 2011... Byline: LERATO MATEBESE INDUSTRY NEWS Putting the disabled behind the wheel IN MY line of work it is quite a rare occurrence to come across a story that is both inspirational and tugs at the heart strings. However, inspiration emanates from...

Motor News Vehicle Prices - LIGHT COMMERCIAL.
March 31, 2011... LIGHT COMMERCIAL CHEVROLET CORSA UTILITY 1.4 R105500 CORSA UTILITY 1.4 SPORT R152360 CORSA UTILITY 1.7 DTI R148370 CORSA UTILITY 1.7 DTI SPORT R185460 CORSA UTILITY 1.8 R129840 CORSA UTILITY 1.8 SPORT R184260 CORSA UTILITY 1.4 CLUB R132490 CORSA...

Motor News Vehicle Prices - SEDANS.
March 31, 2011... SEDANS ALFA ROMEO MITO PROGRESSION R227900 MITO DISTINCTIVE R245200 MITO QUADRIFOGLIO R264000 GIULIETTA PROGRESSION R243000 GIULIETTA DISTINCTIVE R279900 GIULIETTA QUADRIFOGLIO R330275 159 1.9 JTS R303500 159 2.2 JTS R347700 159 3.2 V6 Q4...

ROAD TEST. French hatch dresses down.
March 31, 2011... Byline: Lerato Matebese ROAD TEST French hatch dresses down Citroen has returned to the mainstream with its new C4, writes THE C segment hatch market could be a bit of a hard nut to crack if you are something of a left field manufacturer. In...

BUYING. Deals of the week.
March 31, 2011... Byline: MOTOR NEWS REPORTER BUYING Deals of the week WHETHER you need a big car for the family or a diesel with performance punch, Motor news has picked out a few deals this week. Remember, terms and conditions will apply. &...

A cash cow on four wheels.
March 31, 2011... Byline: MARK SMYTH A cash cow on four wheels IT SEEMS that the motorist is being hit rather hard at the moment. Unrest in Libya is pushing up the price of fuel at our pumps, we are paying an emission tax based on a CO level that has been...

NEW MODELS. When is Diesel not diesel?
March 31, 2011... Byline: MOTOR NEWS REPORTER NEW MODELS When is Diesel not diesel? Fiat has launched its limited edition 500 by Diesel A COLLABORATION between Fiat's style centre in Turin and fashion label Diesel has spawned a new fashion accessory, the Fiat...

GENEVA MOTOR SHOW Geneva unveils its crystal ball.
March 31, 2011... Byline: John Floyd GENEVA MOTOR SHOW Geneva unveils its crystal ball looks at some of the most exciting concept vehicles from the Geneva show GENEVA this year was the scene of the unveiling of 90 new models, and over the past three weeks I...

INTERNATIONAL MOTORSPORT. Seesaw season on the cards.
March 31, 2011... Byline: John Floyd INTERNATIONAL MOTORSPORT Seesaw season on the cards looks at the world of motorsport as F1 makes an exciting return AFTER a delayed start to the 2011 Formula 1 season the circus finally got under way in Australia last...

LAUNCH NEWS. Korean with a European soul.
March 31, 2011... Byline: Lerato Matebese LAUNCH NEWS Korean with a European soul The new SsangYong Korando seems set to carve a new path for the Korean vehicle manufacturer SSANGYONG Motors reinvented itself in the South African vehicle market last week when...

LOCAL MOTORSPORT. Privateers rally to the call.
March 31, 2011... Byline: MOTOR NEWS REPORTER LOCAL MOTORSPORT Privateers rally to the call The factory teams face some serious challengers in this year's national rally championship ZIMBABWEAN privateer Conrad Rautenbach and French co-driver Nicolas Klinger...

NEW MODELS. Art of the supercar.
March 31, 2011... Byline: ANZET DU PLESSIS NEW MODELS Art of the supercar PAGANI, the relatively new kid on the supercar block, stopped many a heart when the Zonda was released. While it was very different to the classic designs of Lamborghinis and Porsches,...

MOTOR SPARES.
March 31, 2011... MOTOR SPARES Volkswagen US recall over hooter wiring SHORT-CIRCUIT Volkswagen US is recalling 71043 Jetta models manufactured between March 2010 and March this year regarding a wiring issue involving the hooter. It is reported that the wiring,...

FUTURE MODELS. Green yes, slow no.
March 31, 2011... Byline: MOTOR NEWS REPORTER FUTURE MODELS Green yes, slow no Porsche is finally taking orders for its stunning 918 Spyder AFTER its debut at last year's Geneva Motor Show, Porsche has announced that the 918 Spyder super sports car with its...

Motor News Vehicle Prices - SUVs.
March 31, 2011... SUVs AUDI Q5 2.0TDI QUATTRO MANUAL R409500 Q5 2.0T FSI S TRONIC R463000 Q5 3.2 FSI QUATTRO S TRONIC R517500 Q5 3.0 TDI QUATTRO S TRONIC R536000 Q7 3.0TDI QUATTRO TIPTRONIC R616000 Q7 3.6 FSI QUATTRO TIPTRONIC R607500 Q7 4.2 FSI QUATTRO TIPTRONIC...

USED CAR TEST. Impressive Kompressor.
March 31, 2011... Byline: CHARL WILKEN USED CAR TEST Impressive Kompressor FOR: Quality, safety, residual value, comfort AGAINST: Average performance, still not cheap ENGINEERS at Mercedes-Benz have gone a step further by making the latest C-Class more...

INTERNATIONAL LAUNCH. Looking into a Virage.
March 31, 2011... Byline: Mark Smyth INTERNATIONAL LAUNCH Looking into a Virage Aston surprised many with the launch of its new Virage, as found out on a trip to Spain recently THE Geneva Motor Show held quite a few surprises this year, from concept cars and...

Creating sustainable, ecofriendly industries.
March 31, 2011... Byline: Matebello Motloung Creating sustainable, ecofriendly industries AS THE government's key agent in the revitalisation of the economy, the Industrial Development Corporation (IDC) has stepped in to help set SA on a more environmentally...

Powerful engine to get economy into gear.
March 31, 2011... Byline: Matebello Motloung Powerful engine to get economy into gear ONE of the Industrial Development Corporation's (IDC's) accomplishments in the past decade and a half is its contribution to the growth of SA's services and tourism...

A new approach to tackling SA's long-standing economic problems.
March 31, 2011... Byline: Matebello Motloung A new approach to tackling SA's long-standing economic problems To compete effectively the country needs to address unemployment, rural and infrastructure development, expanding the export market and regional...

Private-sector help needed in the drive to halve unemployment.
March 31, 2011... Byline: Matebello Motloung Private-sector help needed in the drive to halve unemployment A MIXTURE of new and traditional industries in the mining and industrial sectors will help the government with its NGP strategy, says Abel Malinga,...

Focus on adding maximum value.
March 31, 2011... Byline: Matebello Motloung Focus on adding maximum value A specific strategy is in place to help companies in the clothing and textile and steel industries to become more competitive INFLUENCED by the change in the government's growth...

BUSINESS BRIEF.
March 30, 2011... Byline: Business Day Reporter, Thabang Mokopanele and Sure Kamhunga BUSINESS BRIEF Jubilee Platinum reports improvement MINING Exploration company Jubilee Platinum reported a headline loss of 0,76p per share for the six months ended December,...