Business Day (South Africa) articles from November 2005

Business Day (South Africa) archives from November 2005

Let slip the dogs of spin-busting journalism.
November 30, 2005... (From Business Day (South Africa)) Byline: Anton Harber Let slip the dogs of spin-busting journalism WE ASK the questions, British journalist Stephen Grey says. That's the essence of investigative reporting. It was the most cogent...

Gold Fields confident of its offer for Bolivar Gold.
November 30, 2005... (From Business Day (South Africa)) Byline: Neels Blom Gold Fields confident of its offer for Bolivar Gold IT WAS almost to be expected that at least one shareholder of Bolivar Gold would grumble about the price at which Gold Fields...

THEATRE.
November 30, 2005... (From Business Day (South Africa)) Byline: Jane Mayne THEATRE GHOEMA is undoubtedly the best collaborative piece by the David Kramer-Taliep Peterson creative team so far. Exploring the roots of slave music from as far back as 1650,...

Taxi jumpers.
November 30, 2005... (From Business Day (South Africa)) Byline: Dries de Beer Taxi jumpers I live in Pretoria and commute to Johannesburg. We need the Gautrain or something running on rails because I doubt whether taxis will use the railway lines to jump...

Highway robbery.
November 30, 2005... (From Business Day (South Africa)) Highway robbery THE strangest thing about SA's cash-in-transit heist crisis is that it is so difficult to tell whether it's a new problem or a just a seasonal increase. The reason it's so hard to tell...

Mzansi fever.
November 30, 2005... (From Business Day (South Africa)) Mzansi fever WE HAVE a Mzansi bank account and a planned Mzansi short-term insurance policy. Now there is talk of a Mzansi unit trust savings product for the low-income market. It may be too early...

THE INSIDER.
November 30, 2005... (From Business Day (South Africa)) THE INSIDER Youth League opens us to 'all possibilities' AS A rule, The Insider eschews political junkets, but on Monday he made an exception and accepted an invitation from the ANC Youth League, given...

Too 'yellow' to gain from BEE?
November 30, 2005... (From Business Day (South Africa)) Byline: Vernon Whyte Too 'yellow' to gain from BEE? Throughout the recorded history of SA, nonwhite people have suffered severe damage. The Chinese community has suffered with them. Chinese people...

Oil prices are not to blame for inflation.
November 30, 2005... (From Business Day (South Africa)) Byline: Neil Emerick Oil prices are not to blame for inflation CALL me a raving Friedmanite, but I am unable to find anyone who can give a satisfactory explanation as to why oil-price changes would...

Let's not count our goals before they are scored.
November 30, 2005... (From Business Day (South Africa)) Byline: Mninawa Ntloko Let's not count our goals before they are scored MUSICIAN Gwen Stefani provided a hilarious blonde moment at this past week's American Music Awards that got me thinking. ...

The building blocks of change.
November 30, 2005... (From Business Day (South Africa)) Byline: Clive Chipkin GAUTENG GOVERNMENT PRECINCT/ The building blocks of change THE controversy surrounding the proposals for the new Gauteng Provincial Government Precinct the Kopanong Project at...

Joint bid nets R1,5bn pipeline deal.
November 30, 2005... (From Business Day (South Africa)) Byline: Khulu Phasiwe Joint bid nets R1,5bn pipeline deal Public Policy Correspondent NATIONAL water infrastructure agency TCTA yesterday awarded a R1,5bn contract to build a 121km pipeline that...

New figures put 6% growth within range.
November 30, 2005... (From Business Day (South Africa)) Byline: Kevin O'Grady New figures put 6% growth within range Stats SA says economy has been performing much better than previously thought Economics Editor THE revised economic growth figures...

Answers to wrong questions on AIDS.
November 30, 2005... (From Business Day (South Africa)) Byline: Philip Stevens Answers to wrong questions on AIDS EACH year on December 1, the AIDS advocacy industry uses World AIDS Day to rehearse familiar themes, while the number of victims rises...

'SA could support larger current account deficit'.
November 30, 2005... (From Business Day (South Africa)) Byline: Hilary Joffe 'SA could support larger current account deficit' Associate Editor SA MIGHT be able to support a much larger current account deficit than people expected, Old Mutual Asset...

Doctors, TAC take on health minister over Rath.
November 30, 2005... (From Business Day (South Africa)) Byline: Tamar Kahn Doctors, TAC take on health minister over Rath Legal action aims to force vitamin guru to stop testing remedies on HIV-positive people and campaigning against AIDS drugs Health...

In Brief. National News.
November 30, 2005... (From Business Day (South Africa)) Byline: Ernest Mabuza, Khulu Phasiwe, Linda Ensor, Sue Blaine Inspector withdraws request to interview Masetlha INSPECTOR-general for intelligence Zolile Ngcakani has withdrawn his request to...

State weighs move to lower farm costs to lure investors.
November 30, 2005... (From Business Day (South Africa)) Byline: Siseko Njobeni State weighs move to lower farm costs to lure investors Aim to stimulate profits, competition Trade and Industry Correspondent GOVERNMENT was considering lowering the costs of...

SA 'fails to protect children from HIV'.
November 30, 2005... (From Business Day (South Africa)) Byline: Tamar Kahn SA 'fails to protect children from HIV' Science and Health Editor CAPE TOWN SA is failing to protect children from the ravages of HIV/AIDS, the Children's Institute advocacy...

Politicians 'used hospital plane'.
November 30, 2005... (From Business Day (South Africa)) Byline: Wyndham Hartley Politicians 'used hospital plane' Parliamentary Editor CAPE TOWN The African National Congress-led Northern Cape government and the Air Mercy Service (AMS) of the Red Cross...

Building Ceta probes huge claims fraud.
November 30, 2005... (From Business Day (South Africa)) Byline: Sue Blaine Building Ceta probes huge claims fraud Education Correspondent THE construction industry's education and training authority, Ceta, will today choose an auditor to conduct an...

Gauteng schools win reprieve on teachers' pay.
November 30, 2005... (From Business Day (South Africa)) Byline: Sue Blaine Gauteng schools win reprieve on teachers' pay Education Correspondent GAUTENG schools will be able to pay teachers for extra work after a change of heart by the provincial...

More time for MEC to change bad law.
November 30, 2005... (From Business Day (South Africa)) Byline: Ernest Mabuza More time for MEC to change bad law Legal Affairs Correspondent THE Constitutional Court yesterday granted KwaZulu- Natal's traditional and local government affairs MEC a...

ANC factions 'threat to winning Cape poll'.
November 30, 2005... (From Business Day (South Africa)) Byline: Linda Ensor ANC factions 'threat to winning Cape poll' Political Correspondent CAPE TOWN Factionalism within the Western Cape's African National Congress (ANC) threatened to damage its...

Officials must not leave public in the dark over SA's power crunch.
November 30, 2005... (From Business Day (South Africa)) Byline: Robyn Chalmers Officials must not leave public in the dark over SA's power crunch THE chickens are coming home to roost a little earlier than expected for government, Eskom and...

ANC wants Mtshali out of safety post.
November 30, 2005... (From Business Day (South Africa)) Byline: Hopewell Radebe ANC wants Mtshali out of safety post Deputy Political Editor THE African National Congress (ANC) in the KwaZulu-Natal legislature has tabled a motion calling for the removal...

For what it's worth.
November 30, 2005... (From Business Day (South Africa)) Byline: Michel Pireu For what it's worth THE value of financial news both print and electronic seems to be hugely misunderstood by investors. They misapply what they hear; they ignore data,...

OUT: Jackie Selebi, National Police Commissioner.
November 30, 2005... (From Business Day (South Africa)) Jackie Selebi, National Police Commissioner, for being outgunned and outsmarted by Jo'burg's heist gangs. But don't worry, they can't be soldiers, as the DA thinks. They're too efficient.

Good news for Smith and Test squad.
November 30, 2005... (From Business Day (South Africa)) Byline: Mark Smit Good news for Smith and Test squad Sports Editor AFTER the let-down of the last-game defeat against India on Sunday, there was much better news for the South African cricket squad...

PSL in new deal with top British sports service.
November 30, 2005... (From Business Day (South Africa)) Byline: Mninawa Ntloko PSL in new deal with top British sports service Deputy Sports Editor JUST weeks after announcing a R6m profit, the Premier Soccer League's (PSL's) search for more revenue...

Learning how to share the weight.
November 30, 2005... (From Business Day (South Africa)) Byline: Brian Whittaker PARTNERSHIPS AND IMPLEMENTATION/ Learning how to share the weight WHAT do we do after we have decided what to do? Just do it? Not so easy. Think of the reconstruction and...

FLY-FISHING.
November 30, 2005... (From Business Day (South Africa)) Byline: Neels Blom FLY-FISHING FOR a nano-society, the Upper Jukskei Fly-fishing Collective has a lot of rules, so many that to codify them would fill a Grotian tome. But to write them all down...

OUT: Acsa CEO Monhla Hlahla.
November 30, 2005... (From Business Day (South Africa)) Acsa CEO Monhla Hlahla, for conflicting reports about Cape Town International's runway. There's a bunch of us flying in for the holidays and we don't want any surprises. What's going on?

Smit let off lightly after elbowing incident.
November 30, 2005... (From Business Day (South Africa)) Byline: Zeena Isaacs Smit let off lightly after elbowing incident Sharks skipper will miss just three Super 14 games in six-week suspension Rugby Correspondent SPRINGBOK rugby captain and hooker...

BOOKS.
November 30, 2005... (From Business Day (South Africa)) Byline: Heather Mackie BOOKS TAKE some leftover members of the Irish Republican Army, season liberally with Russian Mafia, and you should have a really meaty thriller, especially in the hands of a...

BJM firm in R7,45m espionage lawsuit.
November 30, 2005... (From Business Day (South Africa)) Byline: Ayanda Shezi BJM firm in R7,45m espionage lawsuit SHARE registry company Computershare SA yesterday instituted a R7,45m damages claim against Barnard Jacobs Mellet subsidiary Finsettle...

Gold rallies to $500.
November 30, 2005... (From Business Day (South Africa)) Byline: Ayanda Shezi Gold rallies to $500 GOLD spiked yesterday above $500 an ounce for the first time in 18 years and platinum exceeded $1000, the highest in more than 25 years, writes . The...

New labour giant arises to rival Cosatu.
November 30, 2005... (From Business Day (South Africa)) Byline: Vukani Mde New labour giant arises to rival Cosatu Political Correspondent TODAY's formation of a giant new labour federation to rival the Congress of South African Trade Unions (Cosatu) on...

BJM firm in R7,45m espionage lawsuit.
November 30, 2005... (From Business Day (South Africa)) Byline: Ayanda Shezi BJM firm in R7,45m espionage lawsuit Economics Correspondent SHARE registry company Computershare SA instituted a R7,45m damages claim yesterday against Finsettle Services, a...

Broll's place in the sun courtesy of its linkup with CB Richard Ellis.
November 30, 2005... (From Business Day (South Africa)) Byline: Nick Wilson Broll's place in the sun courtesy of its linkup with CB Richard Ellis SOUTH African property services heavyweight Broll Property Group, which represents global property services...

Ethiopia, Eritrea on brink of new war.
November 30, 2005... (From Business Day (South Africa)) Ethiopia, Eritrea on brink of new war ASMARA Reports of attacks involving Ethiopia and Eritrea have risen sharply as tension mounts in a border dispute the United Nations (UN) has described as tense and...

October the coldest month yet in cooling Cape market.
November 30, 2005... (From Business Day (South Africa)) Byline: Nick Wilson October the coldest month yet in cooling Cape market THE residential property market along the Atlantic Seaboard is increasingly becoming a buyer's market, with the sales of...

OUT: SAA CEO Khaya Ngqula SAA CEO Khaya Ngqula.
November 30, 2005... (From Business Day (South Africa)) SAA CEO Khaya Ngqula, for total radio silence about a DTI report about fraud against the airline. Let's have all the unwholesome detail before the silence becomes a stall.

Citigroup toasts 10 years back in SA banking arena.
November 30, 2005... (From Business Day (South Africa)) Byline: Stephen Gunnion Citigroup toasts 10 years back in SA banking arena Group holds back on entering retail banking Financial Services Editor CITIGROUP intends to grow its presence in SA's...

Implats set to pull out of $2bn Madagascar nickel project.
November 30, 2005... (From Business Day (South Africa)) Byline: Charlotte Mathews Implats set to pull out of $2bn Madagascar nickel project Resources Editor IMPALA Platinum (Implats) would not comment on its apparent loss of interest in the $2,25bn...

SA not alone in world of company fraud.
November 30, 2005... (From Business Day (South Africa)) Byline: Nicola Jenvey SA not alone in world of company fraud KwaZulu-Natal Correspondent DURBAN SA walked away from the latest global economic crime survey with two lessons it was not alone in...

Institutions focus on retail assets.
November 30, 2005... (From Business Day (South Africa)) Byline: Nick Wilson Institutions focus on retail assets Liberty Group, Old Mutual and Sanlam are tapping into the strong property market to refurbish and improve their properties AFTER a decade of...

India seeks 10% growth in bid for 'superpower' status.
November 30, 2005... (From Business Day (South Africa)) Byline: Jonathan Katzenellenbogen India seeks 10% growth in bid for 'superpower' status International Affairs Editor NEW DELHI India, whose economy is expected to grow 7,5% this year and over the...

Zoned land 'is a head start'.
November 30, 2005... (From Business Day (South Africa)) Byline: Nick Wilson Zoned land 'is a head start' INVESTORS who own zoned land with available services have a head start if they plan to develop it, says JHI Real Estate executive chairman Les Weil....

We hate Telkom.
November 30, 2005... (From Business Day (South Africa)) Byline: Ian Nankin We hate Telkom Lulu Letpale of Telkom, in her letter, Telkom register (November 28), seems to be very impressed by Telkom's latest results. I cannot share her enthusiasm and...

Credit demand slows as spenders take heed.
November 30, 2005... (From Business Day (South Africa)) Byline: Ayanda Shezi Credit demand slows as spenders take heed Economics Correspondent CREDIT growth rose at its slowest rate in seven months in October, largely on the back of a moderation in...

Crime tourism.
November 30, 2005... (From Business Day (South Africa)) Byline: Stan Klaff Crime tourism The time has come for us to create innovative solutions to curb the wave of crime that has been sweeping SA for many years. The answer lies in the tourism industry,...

We hate Telkom.
November 30, 2005... (From Business Day (South Africa)) Byline: Clifford Thackwray Lulu Letlape asks if a company's ability can be doubted because of the very attractive figures she quotes. For a company operating without protection in a competitive...

School's out.
November 30, 2005... (From Business Day (South Africa)) Byline: S Becker School's out In his letter eulogising apartheid education, Unequal sums (November 25), Dan Roodt seems to confirm that, not only was education for black people a crime under...

MTN to roll out new network in Iran.
November 30, 2005... (From Business Day (South Africa)) Byline: Lesley Stones MTN to roll out new network in Iran Information Technology Editor MTN is about to begin rolling out its latest network after Iran's communications and information technology...

Pay-television subscriptions buoy Naspers.
November 30, 2005... (From Business Day (South Africa)) Byline: Ron Derby Pay-television subscriptions buoy Naspers Group's technology division still a drag Media Correspondent MEDIA group Naspers, owner of Media24 and DStv, reported a 14% jump in...

Looking East for growth chance.
November 30, 2005... (From Business Day (South Africa)) Byline: Ron Derby Looking East for growth chance INVESTOR ENTHUSIASM OVER EXPANSION IN ASIA IS REFLECTED IN NASPERS' STUNNING SHARE PERFORMANCE In pursuit of growth, Africa's largest media group,...

Cape conference in vogue.
November 30, 2005... (From Business Day (South Africa)) Byline: Nick Wilson Cape conference in vogue Business Day Reporter CAPE Town has become an international conference destination and those able to get their hands on conference hosting facilities are...

In Brief - Property.
November 30, 2005... (From Business Day (South Africa)) Byline: Nick Wilson Dis-chem mega-pharmacy will be a first for La Lucia Mall INVESTEC Property Group says it has concluded a leasing deal with Dis-Chem Pharmacies to open a 1824m mega-pharmacy in...

Merrill Lynch keeps 'buy' sticker on thriving Spar.
November 30, 2005... (From Business Day (South Africa)) Byline: Nicola Jenvey Merrill Lynch keeps 'buy' sticker on thriving Spar KwaZulu-Natal Correspondent DURBAN Merrill Lynch has maintained its buy outlook on the Spar Group following a year in which...

Maize glut hits Omnia's fertiliser sales.
November 30, 2005... (From Business Day (South Africa)) Byline: Siseko Njobeni Maize glut hits Omnia's fertiliser sales Mining and chemicals provide relief Trade and Industry Correspondent SPECIALIST chemical services group Omnia is taking strain from...

'STILL TIME FOR DOHA SUCCESS'.
November 30, 2005... (From Business Day (South Africa)) Byline: Jonathan Katzenellenbogen NEW DELHI Indian Commerce and Industry Minister Kamal Nath said yesterday it would not be a disaster if trade ministers at next month's World Trade Organisation...

Call for new tax prepaid savings vehicle.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Call for new tax prepaid savings vehicle SA's hundreds of consumer- friendly collective investments (unit trusts) are well placed to bolster returns and lessen investment risk...

Party might be over for bonds.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Party might be over for bonds WHILE investors, consumers and SA's bond market have thrived on an environment of low inflation and a falling bank rate for two years, it seems...

No cheap seats.
November 30, 2005... (From Business Day (South Africa)) Byline: Prakash Desai No cheap seats In the article, Primedia turnover up 27%, cinemas flop (November 28), you report that Primedia's cause was dented by Nu Metro Film Distribution's decision to...

Continued growth predicted for financial sector.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Continued growth predicted for financial sector FOR 2006, investments in shares in SA's banks and life assurance companies look sound. Neville Chester, portfolio manager at...

Pitfalls to investing in a single insurer.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Pitfalls to investing in a single insurer TRUSTEES of retirement funds should consider the potential risk factors associated with investing in a policy of insurance. Deon...

Time is ripe to enjoy Europe's discounts.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Time is ripe to enjoy Europe's discounts RETIREMENT funds should look at their global equity regional exposure and consider the opportunities in Europe to ensure their exposure...

Judge company over long term.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Judge company over long term ASSET manager selection, or switching, should not be based on short-term relative performance, as there are more important criteria for retirement...

SA's top 11 asset managers suffer reversal of fortunes.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle SA's top 11 asset managers suffer reversal of fortunes Coronation proved the best performer during October, writes OCTOBER proved a tough equity market for all investors,...

Important to heed, understand risks.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Important to heed, understand risks YOUNGER members of defined contribution (DC) pension funds should understand the implications of investment risks better and reappraise...

Successful managers stick to investment philosophy.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Successful managers stick to investment philosophy Markets often driven by greed, fear WHEN investment market cycles change, retirement fund investors should ensure their...

Value in long-term investment strategy.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Value in long-term investment strategy AS 2005 draws to a close, many retirement fund members will be reviewing their investment portfolios and seeking to secure gains. But as...

Pinnacle boosts BEE profile in deal with Amabubesi.
November 30, 2005... (From Business Day (South Africa)) Byline: Lesley Stones Pinnacle boosts BEE profile in deal with Amabubesi Information Technology Editor COMPUTER maker Pinnacle Technology has struck a black empowerment deal to sell 20% of its...

Industrial shares returns could drop.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Industrial shares returns could drop DOMESTICALLY focused industrial shares have performed strongly in recent years, but at current levels Allan Gray is struggling to find...

Trustees need to focus on controlling trading costs.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Trustees need to focus on controlling trading costs Unintended charges must be avoided THE management of investment costs is an increasingly important consideration for...

Pick portfolio for its income prospects.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Pick portfolio for its income prospects AMID the recent mark-up in the value of JSE equities, it would be a good time for investors to consider whether present valuations are...

Vital to understand proper strategy.
November 30, 2005... (From Business Day (South Africa)) Byline: Lynn Carlisle Vital to understand proper strategy Exposure to multiple asset managers not the answer IF INVESTMENT strategies are to be optimised, it is crucial for trustees to understand...

People skills must be part of package.
November 30, 2005... (From Business Day (South Africa)) Byline: Erica Webster People skills must be part of package Need to balance intellect with the emotional element WITHOUT leaders who can attract and retain talent, manage knowledge and unlock...

Encourage creative thinking.
November 30, 2005... (From Business Day (South Africa)) Byline: Erica Webster Encourage creative thinking INCREASINGLY, business demands greater innovation, yet few management skills development programmes in SA are structured to spark imaginative,...

Great leaders lead individuals.
November 30, 2005... (From Business Day (South Africa)) Byline: Erica Webster Great leaders lead individuals AFTER his experience as the executive chairman of a public company that went bust, Mike Clarke started doing some soul-searching. I had to ask...

Behavioural development crucial for top executives.
November 30, 2005... (From Business Day (South Africa)) Byline: Erica Webster Behavioural development crucial for top executives An emotionally insecure leader can destroy a company, writes LEADERSHIP development requires a shift in emphasis from...

Emotional intelligence is vital.
November 30, 2005... (From Business Day (South Africa)) Byline: Erica Webster Emotional intelligence is vital THE race is on to produce inspirational leaders who can deliver results in the shortest period of time, but research indicates that up to 75% of...

There are no quick-fixes.
November 30, 2005... (From Business Day (South Africa)) Byline: Erica Webster There are no quick-fixes THERE are no quick or easy solutions to leadership development. It requires a strong will to improve and the ability to focus, obtain assistance and...