Business Day (South Africa) articles from November 2009, page 3

Business Day (South Africa) archives from November 2009

SHARES FOR AFRICA. A gateway to African stocks.
November 24, 2009... Byline: Alf James SHARES FOR AFRICA A gateway to African stocks New trading board expands available investment FOREIGN and local investors want access to Africa stocks to expand their choice, says Maureen Dlamini, head of the JSE's Africa...

INVESTORS SOUGHT. Education crucial to boost the exchange.
November 24, 2009... Byline: Alf James INVESTORS SOUGHT Education crucial to boost the exchange JSE reveals plans to increase investment by South Africans, writes THE retail investing market is still undeveloped in South Africa, says Russell Loubser, CEO at the...

POPULAR CHOICE. ETFs celebrate record growth.
November 24, 2009... Byline: Alf James POPULAR CHOICE ETFs celebrate record growth Overall trading volumes have doubled in two years, with many more funds being made available IN THEIR 10th year of existence in SA, exchange-traded funds (ETFs) posted record...

Making investment easy for retail players.
November 24, 2009... Byline: Alf James Making investment easy for retail players THE JSE introduced access to live equities and indices data-streaming for private individuals in January last year at a reduction of 70% to the normal cost for corporate users. ...

Merger aims to draw more players.
November 24, 2009... Byline: Alf James Merger aims to draw more players THE Bond Exchange of South Africa (Besa) became a wholly owned subsidiary of the JSE on June 9 with the objective of growing SA's interest-rate markets. The merger was endorsed by the...

Derivative products available.
November 24, 2009... Byline: Alf James Derivative products available THE recent launch of the cash-settled Chicago Corn futures contract under licence from the CME Group, the world's largest and most diverse derivatives exchange group, has paved the way for more...

Innovative moves boost SSF growth.
November 24, 2009... Byline: Alf James Innovative moves boost SSF growth THE growth of single-stock futures (SSFs) is an area where the JSE has shown innovation and growth, becoming one of the biggest global players, says Allan Thomson, director trading at the...

Judge to rule if spy master should testify.
November 24, 2009... Byline: ERNEST MABUZA Judge to rule if spy master should testify Selebi case hears that intelligence man's information is classified Legal Affairs Correspondent STATE Security Minister Siyabonga Cwele asked the South Gauteng High Court...

Stats SA warns of statistics shortfall on crime, poverty.
November 24, 2009... Byline: SIMON MUNDY Stats SA warns of statistics shortfall on crime, poverty Staff Writer STATISTICS SA says it is failing to meet needs for statistics in areas including poverty, crime, gender and education. In a report released...

OUT: Former SABC chairwoman Kanyi Mkonza.
November 24, 2009... Former SABC chairwoman Kanyi Mkonza. It appears she lied about the SABC's nonexistent World Cup obligations to justify the purchase of outrageously expensive equipment the SABC doesn't need.

OUT: ANC Youth League president Julius Malema.
November 24, 2009... ANC Youth League president Julius Malema. If Jeremy Cronin was the messiah, white or not, it would mean the end of ANC rule. The irony of this particular race card is doubtless lost on Malema.

IN: Angolan President Jose Eduardo dos Santos. It.
November 24, 2009... Angolan President Jose Eduardo dos Santos. It's a bit rich coming from someone who has been in power for more than 30 years, but new efforts at transparency must be welcomed.

First Quantum to buy copper explorer Kiwara for $260m.
November 24, 2009... Byline: Bheki Mpofu First Quantum to buy copper explorer Kiwara for $260m BHEKI MPOFU Resources Editor MINER First Quantum has agreed to buy base metals explorer Kiwara in a $260m cash and shares deal as it seeks to expand its copper...

Weak demand for packaging from industries deals blow to Nampak.
November 24, 2009... Byline: Charlotte Mathews Weak demand for packaging from industries deals blow to Nampak CHARLOTTE MATHEWS Trade and Industry Editor CHRISTMAS retail trading in SA will be subdued, judging from continued weak demand for packaging from...

Engen denies knowledge of Zimbabwe's veto of BP, Shell proposal.
November 24, 2009... Byline: Siseko Njobeni Engen denies knowledge of Zimbabwe's veto of BP, Shell proposal SISEKO NJOBENI FUEL retailer Engen Petroleum yesterday pleaded ignorance to reports Zimbabwean authorities had thwarted its bid to acquire fuel assets in...

Would I do better if I had a grander job title?
November 24, 2009... Byline: Lucy Kellaway WHAT'S THE STORY? Would I do better if I had a grander job title? You should do what everyone else does and present your CV in the language of self-importance. Look at the wording in the job ad, and make sure your own...

16 grid No 17650.
November 24, 2009... Byline: Peter Taylor 10-MINUTE QUICK CROSSWORD ACROSS 4 Ratify (7) 8 Proof-corrector (6) 9 Comfort (7) 10 Fastidious (6) 11 Alleviation (6) 12 Penitent (8) 18 Clear (8) 20 Fawn (6) 21 Out-and-out (6) 22 Against (7) 23 Package (6) 24...

Life after Vodacom: Telkom needs to dial 911.
November 24, 2009... Byline: Colin Anthony THE BOTTOM LINE COLUMN Life after Vodacom: Telkom needs to dial 911 SO NOW we know what Telkom looks like shorn of its high-growth, high-earning cellphone operation, Vodacom: pretty sad. First-half profit is down nearly...

Impressive Sean Tarry stable keeps on delivering winners.
November 24, 2009... Byline: David Mollett Impressive Sean Tarry stable keeps on delivering winners DAVID MOLLETT Racing Editor THERE was not a happier trainer at Sunday's International Challenge at Turffontein than Sean Tarry and the stable can continue its hot...

Some sound advice for stock market traders from Jim Cramer.
November 24, 2009... Byline: Michel Pireu Some sound advice for stock market traders from Jim Cramer StreetDogs MORE advice from James Cramer's book, Real Money: Sane Investing in an Insane World. Always wait 30 days after a profit warning before you buy Nothing...

Fifa gives informal traders a shot at fan parks.
November 24, 2009... Byline: Mninawa Ntloko Fifa gives informal traders a shot at fan parks MNINAWA NTLOKO Sports Editor SMALL businesses were given an opportunity to share in the Soccer World Cup pie when Local Organising Committee CEO Danny Jordaan announced...

Players pleased with TV decision review system.
November 24, 2009... Byline: KULANI NKUNA Players pleased with TV decision review system THE decision review system for cricket in which teams may refer umpires' decisions for television review will start with the Test series between New Zealand and Pakistan in...

Paying off Pikoli.
November 24, 2009... Paying off Pikoli A replacement must be of proven independence THE settlement agreement between former national director of public prosecutions (NDPP) Vusi Pikoli and the government makes for fascinating reading. The government concedes that...

A protest with a difference.
November 24, 2009... A protest with a difference Scramble for compliance to avoid tax penalties IN BELVILLE on Friday, South African Revenue Service (SARS) officials had to call security to protect them from angry taxpayers who wanted to submit their tax returns...

On the Stage.
November 24, 2009... Byline: MARY JORDAN On the Stage marynjordan@yahoo.com I LOVE the thought that next year promises a complete dramatic brainwash. Hopefully, wherever you choose to go for entertainment, you will be sandwiched with others from across the globe,...

Why fight against corruption needs nothing extraordinary.
November 24, 2009... Byline: Emma Levy Cleaning up the public service Why fight against corruption needs nothing extraordinary PRESIDENT Jacob Zuma and his Cabinet have vowed to deal with the scourge of corruption in the government in a determined and...

Battle for the gooey heart of Cadbury.
November 24, 2009... Byline: DAVID LASCELLES Battle for the gooey heart of Cadbury MERGER mania is upon us again with news that Hershey of the US has joined the bidding for Cadbury, the British chocolate maker, with a $17bn offer that trumps the $16bn hostile bid...

How bizarre fight over mines skews the agenda.
November 24, 2009... Byline: Tim Cohen How bizarre fight over mines skews the agenda WHAT does one make of the bizarre argument between the South African Communist Party's (SACP's) deputy general secretary, Jeremy Cronin, and the African National Congress Youth...

A slippery slope if we ignore this water warning.
November 24, 2009... Byline: Hilary Joffe A slippery slope if we ignore this water warning The McKinsey researchers do not just add to the alarmist noises others are making they make plain the issues and tell us what it will cost to avert a water supply crisis in...

Rand the strongest emerging market currency.
November 24, 2009... Byline: EDWARD WEST and BHEKI MPOFU Rand the strongest emerging market currency THE rand was the strongest emerging-market currency yesterday, gaining as much as 1,75% to R7,46/$ after it benefited from a weaker dollar and a gold price that...

Business misses climate change boat.
November 24, 2009... Byline: Jocelyn Newmarch Business misses climate change boat SA companies lack coherent voice and could be left out of decisions, writes LOCAL business has failed to develop a consolidated position on climate change in time for crucial...

Land appeals may stall Harare-SA accord.
November 24, 2009... Byline: SARAH HUDLESTON Land appeals may stall Harare-SA accord Farmers oppose clause in bilateral agreement that excludes historical claims arising from land-grab programme Staff Reporter LEGAL challenges in both the Pretoria and Harare high...

Home owners cash in on 2010 accommodation rush.
November 24, 2009... Byline: JULIUS BAUMANN Home owners cash in on 2010 accommodation rush Aviation and Tourism Editor SEEFF Properties has steadily been signing up private homes in a bid to meet the huge demand for accommodation for next year's Soccer World Cup,...

Africa 'must develop a common growth strategy'.
November 24, 2009... Byline: HOPEWELL RADEBE Africa 'must develop a common growth strategy' Diplomatic Editor AFRICAN states are not devising a clear developmental strategy for regional economic communities, leading to international partners thinking the...

Zuma to tread carefully in choice of new head for NPA.
November 24, 2009... Byline: KARIMA BROWN Zuma to tread carefully in choice of new head for NPA Political Editor PRESIDENT Jacob Zuma whose prerogative it is to appoint a new head of the National Prosecuting Authority (NPA) is likely to proceed carefully when...

Pikoli may get state job after R7,5m payout.
November 24, 2009... Byline: FRANNY RABKIN Pikoli may get state job after R7,5m payout Agreement recognises 'competence' Staff Writer FORMER prosecutions head Vusi Pikoli may be offered a government post, two years after his controversial suspension and later...

Bizos warns youth on use of racist language.
November 24, 2009... Byline: LUPHERT CHILWANE Bizos warns youth on use of racist language General Reporter IN AN apparent reference to controversial African National Congress Youth League (ANCYL) president Julius Malema, legal luminary George Bizos said yesterday...

Warning on harmful effect of 'shoot to kill' slogan.
November 24, 2009... Byline: ALEX MATTHEWS Warning on harmful effect of 'shoot to kill' slogan Staff Writer THE Institute for Security Studies has warned of a shift in police attitudes because of the widespread belief that support for any indiscriminate action...

Mint cashes in on 2010.
November 24, 2009... Byline: Alex Matthews Mint cashes in on 2010 THE South African Mint hopes to cash in quite literally on the 2010 World Cup by issuing coins commemorating the event. Two R2 coins were launched at Johannesburg's Soccer City stadium yesterday...

SA 'needs to find new water supply'.
November 24, 2009... Byline: JOCELYN NEWMARCH SA 'needs to find new water supply' Study finds battle on many fronts Infrastructure & Environment Correspondent IN ORDER to manage a looming water crisis, SA must use water more efficiently and rely on additional...

'River of disease' flowing out of SA's mines.
November 24, 2009... Byline: Alex Matthews 'River of disease' flowing out of SA's mines Mining illnesses spotlighted as case against Anglo American makes progress, writes THE protracted legal battle between Anglo American and former miners suffering from...

Corruption 'rife' in no-tender contracts under R200 000.
November 24, 2009... Byline: LINDA ENSOR Corruption 'rife' in no-tender contracts under R200 000 Political Correspondent CAPE TOWN The Public Service Commission has uncovered another can of worms involving corruption in the awarding of government contracts of...

Coronat in for bumpy rise in volatile market.
November 24, 2009... Byline: Ben Temkin PRIVATE INVESTOR Coronat in for bumpy rise in volatile market ALMOST three years have passed since I reviewed Coronation Fund Managers (Coronat). The review then appeared in a Forecast Factory column, the predecessor to the...

SELECTIONS.
November 24, 2009... 1st Race: (3) Son Of The Burg (2) Call To Arms (12) Gold Market (4) Lian Dancer 2nd Race: (6) Joshua's Song (5) Secret Story (14) Emperor of Rome (1) Ritz Carlton 3rd Race: (1) National Lane (4) Look For Light (9) Princess Athena (2) Star Caller...

Choose the best for Boks Du Randt.
November 24, 2009... Byline: Zeena Isaacs Choose the best for Boks Du Randt Bok legend in call to include foreign-based players and warns of Smal's influence for Irish Test ZEENA ISAACS Rugby Correspondent LEGENDARY Springbok prop Os du Randt yesterday questioned...

De Villiers' stress levels rise in tandem with injury list.
November 24, 2009... Byline: Zeena Isaacs De Villiers' stress levels rise in tandem with injury list SPRINGBOK coach Peter de Villiers' stress levels rose significantly yesterday ahead of the toughest Test of their European tour against Ireland at Croke Park,...

Profit down 11% at African Bank.
November 24, 2009... Byline: Edward West Profit down 11% at African Bank EDWARD WEST Finance Editor MASS market lender and furniture retailer African Bank's (Abil's) annual profit fell 11% as the recession hit consumer spending, forcing it to tighten its lending...

Alstom in $100m Eskom deal for power station control system.
November 24, 2009... Byline: Siseko Njobeni Alstom in $100m Eskom deal for power station control system SISEKO NJOBENI Energy Affairs Editor FRENCH power group Alstom yesterday said that it had signed a $100m contract to supply an instrumentation and control...

Chicken import truth.
November 24, 2009... Byline: D Wolpert Chicken import truth I refer to your report, Rainbow Chicken warns of profit fall (November 20), in which it is stated that total chicken imports (excluding turkey and mechanically deboned meat) have increased 50% over the...

Young communists should read FT.
November 24, 2009... Byline: Roger Sinclair Young communists should read FT Since I spent a week in China in 1994 I have promoted the thought to anyone who would listen that the future of capitalism is linked to the system driving China's growth. I would be...

Ad hoc death penalty.
November 24, 2009... Byline: Ivor Davis Ad hoc death penalty Khehla Shubane and RW Johnson (Face Off, November 18) both rightly bemoan SA's killings and violence getting out of control. Your headline says it all: Shoot to kill policy is an admission of police...

Not the best policy.
November 24, 2009... Byline: Jim Harris Not the best policy State protection of intellectual property rights (IPR) copyright, patents, trademarks, etc is usually strong in rich countries. Reporting from a two-day IPR indaba organised by the Free Market...

Political buffoonery.
November 24, 2009... Byline: Lucas Ntyintyane Political buffoonery It has been a week of walls and wailers. From the world's commemoration of the disgraceful Berlin wall to President Barack Obama's first moonwalk on the Chinese wall, with French invisible...

Name rotten reporters.
November 24, 2009... Byline: Mogomotsi Mogodiri Name rotten reporters The muted media response to the damning revelations that some journalists accepted brown envelopes in order to take sides in the internal African National Congress Western Cape battles makes...

Pretoria name change.
November 24, 2009... Byline: Mayihlome Tshwete Pretoria name change The way AfriForum is making a big deal about Pretoria's name remaining Pretoria (while the municipality's name is Tshwane), you would think it was called Pretoria before they came. I wonder what...

Crass, puerile humour.
November 24, 2009... Byline: RW Johnson Crass, puerile humour I was surprised and disappointed to see Peter Bruce describe Jeremy Gordin as screamingly funny (The Thick End of the Wedge, November 16). Helping a hack who's down and out is a nice motive but Mr...

Climate change hot air.
November 24, 2009... Byline: Dave Collins Climate change hot air Richard McNeill (Religious fervour, November 20) and Andrew Mills (Declaring a stalemate, November 20) miss the point about the reality of human-induced climate change. As Lord Nicholas Stern (of...

TELKOM.
November 24, 2009... TELKOM Interim 2009 2008 Sales (bn) 19,1 17,9 Pretax (bn) 43,3 3,4 Net Income (bn) 3,8 39,7 Headline EP (c) (139) 771 Dividend PS (c)

Interim results show Telkom in decline.
November 24, 2009... Byline: Lesley Stones Interim results show Telkom in decline Falling profit and slimmer margins will not be helped by the gap created by the sale of its Vodacom stake LESLEY STONES Information Technology Editor A CONVOLUTED 21-page report...

Crucial CD Collection.
November 23, 2009... Byline: RICHARD HASLOP Crucial CD Collection richardh@woodhead.co.za TOPIC Records, the oldest independent record label in Britain, perhaps the world, turned 70 this year and, thanks to a combination of good luck and decent planning, I was in...

Duminy should have shown patience of Kallis.
November 23, 2009... Byline: Gary Lemke Duminy should have shown patience of Kallis This is SA's new No4's era in international cricket, and he must grab it with both hands, writes IT WAS with great anticipation that we welcomed JP Duminy's elevation to the key...

Bismarck is good, but it is a stronger team if the captain sports No2 jersey.
November 23, 2009... Byline: GARY LEMKE Bismarck is good, but it is a stronger team if the captain sports No2 jersey DOTTED throughout his recently published autobiography, Springbok captain John Smit makes 11 references to Bismarck du Plessis. They are glowing...

Highveld reports loss, warns on strong rand.
November 23, 2009... Byline: BHEKI MPOFU Highveld reports loss, warns on strong rand Resources Editor HIGHVELD Steel and Vanadium, SA's second-largest steel maker, has reported a R41m loss for the September quarter compared with a profit of R642m in the same...

A step-by-step approach for financial peace of mind.
November 23, 2009... A step-by-step approach for financial peace of mind THROUGHOUT our lives our financial goals are ever-changing. The following details the various strategies that can be adopted to ensure that all aspects of life are covered in a manner which...

Proteas get off to a bad start as England gain momentum.
November 23, 2009... Byline: KULANI NKUNA Proteas get off to a bad start as England gain momentum IT WAS a torrid affair as Graeme Smith and his men got off to the worst possible start to their summer with their sixth one-day defeat on the trot against England in...

Of corruption and committees.
November 23, 2009... Of corruption and committees Is Zuma gutsy enough to stop the rot at the top? WHEN in doubt, form a committee. That may seem an unduly cynical response to the Cabinet's decision to set up an interministerial committee to investigate and...

Miranda to push development of its coal mines in KwaZulu-Natal.
November 23, 2009... Miranda to push development of its coal mines in KwaZulu-Natal BHEKI MPOFU Resources Editor DIVERSIFIED junior mining and exploration company Miranda Holdings said on Friday it was aiming to develop one coal mine in its KwaZulu-Natal coal asset...

Learning suffers in a textbook case of excessive profits.
November 23, 2009... Byline: Adam Habib Learning suffers in a textbook case of excessive profits The financial success of the academic publishing industry comes at a huge social cost in countries such as SA, writes CAN you imagine an industry in which the workers...

Opening the skies would help African economies to take off.
November 23, 2009... Byline: Julius Baumann Aviation Opening the skies would help African economies to take off IMAGINE you were CE of McDonald's and you planned to set up shop in SA for the first time. However, before you were allowed to enter the South African...

Ordinary citizens and public intellectuals.
November 23, 2009... Byline: Anthony Butler Ordinary citizens and public intellectuals WILLIAM Gumede and Leslie Dikeni's fascinating new collection of essays, The Poverty of Ideas, sheds fresh light on the changing role of intellectuals in post-apartheid SA....

When leaders 'seize' language to their own ends.
November 23, 2009... Byline: Jabulani Sikhakhane When leaders 'seize' language to their own ends The wording of a recent statement from the ruling alliance shows how SA's leaders use words to confuse LIKE all organisations gripped by bureaucratic malaise, the...

Decade of success and missed chances between SA and Nigeria.
November 23, 2009... Byline: Diana Games Decade of success and missed chances between SA and Nigeria SABMILLER's two main competitors in Nigeria, Guinness and Heineken, make nearly as much in that market as SA's brewing giant makes in 24 other African countries,...

MPs may take on Treasury over land reform shortfall.
November 23, 2009... Byline: LINDA ENSOR MPs may take on Treasury over land reform shortfall Act gives Parliament power to make changes to budget for first time Political Correspondent CAPE TOWN Parliament has urged the government to allocate more money to...

Pikoli's R7,5m payout clears way for Zuma.
November 23, 2009... Byline: KARIMA BROWN and LINDA ENSOR Pikoli's R7,5m payout clears way for Zuma CAPE TOWN A meeting between President Jacob Zuma and top African National Congress (ANC) officials is understood to be on the cards today to discuss the...

SA playing key role in outsourcing industry.
November 23, 2009... Byline: THABANG MOKOPANELE SA playing key role in outsourcing industry State identifies business process outsourcing and offshoring as priority to attract foreign investors, create jobs THE deputy director-general of the industrial...

Communist youth look beyond the wall.
November 23, 2009... Byline: Wilson Johwa Communist youth look beyond the wall League uses Marx to woo voters who have a different take on Berlin, writes AFTER five days, four thick texts and a crash course in Marx, the Young Communist League (YCL) concluded its...

Mthethwa questioned on freezing out labour brokers.
November 23, 2009... Mthethwa questioned on freezing out labour brokers POLICE Minister Nathi Mthethwa must clarify how he plans to fill thousands of vacancies that will be created after his decision to terminate R339m worth of labour brokers' contracts, the...

Reitz Four may be compelled to apologise.
November 23, 2009... Byline: SUE BLAINE Reitz Four may be compelled to apologise But their lawyer demands indemnity Education Correspondent THE four former University of the Free State (UFS) students involved in a racist incident last year may well find...

Durban buses in doubt as festive season nears.
November 23, 2009... Byline: MARGIE INGGS Durban buses in doubt as festive season nears Durban DURBAN could be without a bus service again during the busy December holiday season as the eThekwini Municipality has been given four weeks to comply with the terms of...

Cida suspends foundation programme.
November 23, 2009... Byline: SUE BLAINE Cida suspends foundation programme SA's first low-cost tertiary education institution, Johannesburg's Cida City Campus, has suspended its year-long foundation programme for next year, registrar Mburu Gitonga confirmed last...

TECHNICAL PREVIEW. Bargains in platinum, but choose with care.
November 23, 2009... Byline: Jean Temkin TECHNICAL PREVIEW Bargains in platinum, but choose with care OUT of everything bad comes something good. The bad, very bad, was the US-ignited subprime grenade, which rocked the entire global economy. But while Uncle Sam...

THE THICK END OF THE WEDGE.
November 23, 2009... Byline: Peter Bruce THE THICK END OF THE WEDGE THE EDITOR'S NOTEBOOK AS WE said in an editorial the other day, Public Enterprises Minister Barbara Hogan is on a hiding to nothing. It is hard to think of a single decision she might make or not...

MONDAY COMMENT. Government must shoulder blame for corruption.
November 23, 2009... Byline: Tim Cohen MONDAY COMMENT Government must shoulder blame for corruption PRESIDENT Jacob Zuma this week ordered his Cabinet to come up with a plan to combat corruption, a notion that is both laudable and somewhat ironic. Zuma tasked...

In SA, the end of the recession does not guarantee a new consumer-driven boom.
November 23, 2009... Byline: Tim Cohen In SA, the end of the recession does not guarantee a new consumer-driven boom THIS week's gross domestic product (GDP) data should show that the recession is over, with GDP registering very marginally in the black. However,...