Business Day (South Africa) articles from November 2009, page 4

Business Day (South Africa) archives from November 2009

From the desk of Trevor Walker.
November 23, 2009... Byline: Trevor Walker TO: obama@whitehouse.gov FROM: Trevor@Walkerand.co.za SUBJECT: made in Japan DATE: Monday, Nov 16 Hi Barack. I spent the whole weekend practising bowing like that. I didn't have someone as short as the Japanese emperor...

Approach Ireland like a World Cup final Bok coach.
November 23, 2009... Byline: Zeena Isaacs Approach Ireland like a World Cup final Bok coach ZEENA ISAACS Rugby Correspondent RUGBY World Cup-winning Springbok assistant coach and newly appointed Stormers head coach, Allister Coetzee, yesterday warned the national...

Avusa takes a knock on interims.
November 23, 2009... Byline: Chantelle Benjamin Avusa takes a knock on interims CEO Prakash Desai says Sunday Times' sister publication has until 2011 to break even CHANTELLE BENJAMIN Media Editor MEDIA company Avusa has come to the defence of its new daily...

Avusa.
November 23, 2009... AVUSA Interim 2009 2008 Rev (bn) 2,2 2,3 Pretax (m) 89 191 Net Income (m) 56 131 Headline EPS 39 97 Dividend PS

Mvela changes mind about 'complex' unbundling plan.
November 23, 2009... Byline: Bheki Mpofu Mvela changes mind about 'complex' unbundling plan BHEKI MPOFU Resources Editor MVELAPHANDA Group said on Friday it had abandoned an idea to form a management company to oversee the unbundling of its assets, which would...

Technology company posts fall in profit.
November 23, 2009... Byline: Lesley Stones Technology company posts fall in profit LESLEY STONES Information Technology Editor TECHNOLOGY services provider ConvergeNet has suffered a drop in profitability in the past year with delays in the awarding of government...

Dorbyl buyers struggle to get finance.
November 23, 2009... Byline: Artwell Dlamini Dorbyl buyers struggle to get finance ARTWELL DLAMINI VEHICLE component producer Dorbyl says the potential buyers of the assets it intends selling are struggling to obtain finance as the group continues to restructure...

HIGHVELD STEEL & VANADIUM.
November 23, 2009... HIGHVELD STEEL & VANADIUM Interim 2009 2008 Sales (bn) 1,9 4,8 Pretax (m) 81 2,2bn Net Income (m) 146 1,5bn Headline EPS 145c 1287c Dividend PS 1800c

IT firm Kaspersky sees African opportunity.
November 23, 2009... Byline: Lesley Stones IT firm Kaspersky sees African opportunity Undersea cables mean faster, cheaper bandwidth and greater risks of viruses, writes RUSSIAN software developer Kaspersky Lab is opening an office in Johannesburg to sell and...

Spark of controversy.
November 23, 2009... Byline: SC Weiss Spark of controversy Bravo, Jacob Dlamini (While SA laughs, Malema spreads his tentacles, November 19). I have long maintained that African National Congress (ANC) Youth League president Julius Malema is dangerous. He is...

Priorities not enough.
November 23, 2009... Byline: Ralph Hamann Priorities not enough Bjorn Lomborg is right to argue for the need to listen carefully to poor people affected by climate change and to prioritise public expenditure to effectively address their needs (Immediate tasks...

Misguided choices.
November 23, 2009... Byline: Crispin Hemson Misguided choices Bjorn Lomborg accepts that there are negative effects from global warming, but challenges the priorities in spending that result (Immediate tasks overlooked in global warming clamour, November 20). But...

Climate debate needed.
November 23, 2009... Byline: Dave Crawford Climate debate needed I would like to commend Dr Lucas Ntyintyane as a correspondent. For someone who presents both sides of most of the issues he addresses so even-handedly he deserves a lot of chance to talk. I often...

End 'authority' on climate change.
November 23, 2009... Byline: Philip Lloyd End 'authority' on climate change Prof Bruce Hewitson (Uninformed vitriol, November 19) pontificates on Andrew Kenny's assessment (Ideology and money drive global-warming religion, November 16). Unfortunately for him,...

Businesses throughout world set for acquisitions, mergers spree.
November 23, 2009... Byline: Sanchia Temkin Businesses throughout world set for acquisitions, mergers spree SANCHIA TEMKIN Professional Services Editor A THIRD of businesses globally are likely to acquire other companies in the next 12 months, according to a new...

MVELAPHANDA GROUP.
November 23, 2009... MVELAPHANDA GROUP Annual 2009 2008 Revenue (bn) 3,7 3,5 Pretax (bn) 0,426 1,87 Net Income (bn) 0,176 (1,7) Headline EPS 49,9 (362,6) Dividend PS (c) 27

Power from solar project before 2012.
November 23, 2009... Byline: Siseko Njobeni Power from solar project before 2012 Sasol's 40% stake in Paarl facility to help it cut emissions by 15% SISEKO NJOBENI Energy Affairs Editor A SOLAR energy facility planned for Paarl in the Western Cape could begin...

Analysts bullish about shares in transport groups.
November 23, 2009... Byline: Artwell Dlamini Analysts bullish about shares in transport groups ARTWELL DLAMINI Transport Correspondent DESPITE a remarkable run so far this year, analysts remain bullish on shares in transport groups such as Imperial Holdings and...

Diversify with an offshore property move.
November 23, 2009... Byline: David Jackson Diversify with an offshore property move WITH the recent relaxation of exchange controls for both individuals and corporations, many South African property investors are looking overseas to diversify their property...

Shortage of skills a challenge.
November 23, 2009... Byline: David Jackson Shortage of skills a challenge A CHALLENGE faced by the private-client industry sector is to find suitably qualified investment consultants, wealth managers and stockbrokers. Sanlam Private Investments (SPI) director...

CLASSIC MOULD. Swiss model is the real McCoy.
November 23, 2009... Byline: David Jackson CLASSIC MOULD Swiss model is the real McCoy Some South African offerings lack personal attention A FORM of sham private banking in SA clouds the concept of the genuine services, says BJM Wealth CEO Tony Barrett. He...

Wealthy feel the pinch.
November 23, 2009... Byline: David Jackson Wealthy feel the pinch THE fortunes of SA's wealthiest individuals have tumbled over the past two years, with the net worth of the country's most wealthy individuals halving in 2008 to R58,5bn, according to recently...

RECESSION STRATEGY. Big players in takeover mode.
November 23, 2009... Byline: David Jackson RECESSION STRATEGY Big players in takeover mode Private-client stockbrokers seek to buy out independent asset managers to beef up their asset base, writes CONSOLIDATION and amalgamation in the private-client and...

Top global families face crucial choices.
November 23, 2009... Byline: David Jackson Top global families face crucial choices MANY international investors are coming under pressure as a result of the global economic crisis, testing the quality of their advisers and the strengths of their family business...

Weatherproofing clients' portfolios.
November 23, 2009... Byline: David Jackson Weatherproofing clients' portfolios MATCHING assets and liabilities can enable wealth managers to manage risk and client expectations regardless of market conditions, says Johnny Wood, wealth manager at RMB Private Bank....

PRINCIPLES STILL APPLY. Emotional decisions are the kiss of death.
November 23, 2009... Byline: David Jackson PRINCIPLES STILL APPLY Emotional decisions are the kiss of death People need to see through economic fluctuations and take a long-term view MANAGING and understanding risk and volatility is seen as crucially important...

Ships should not ride on a single anchor, nor life on a single hope.
November 20, 2009... Byline: Michel Pireu Ships should not ride on a single anchor, nor life on a single hope StreetDogs NATURE hath given men one tongue but two ears that we may hear from others twice as much as we speak. In theory there is nothing to hinder our...

Simmers stumbles as boardroom coup brews.
November 20, 2009... Byline: Edward West THE BOTTOM LINE COLUMN Simmers stumbles as boardroom coup brews IT NEVER rains but it pours for junior miner Simmer & Jack management, which has its hands full putting out fires on many fronts. If it is not worrying...

BUSINESS BRIEFING.
November 20, 2009... Byline: Business Day Reporter BUSINESS BRIEFING Telkom launches new green data centre in Cape Town TELECOMS Telkom yesterday launched its latest state-of-the-art green data centre, called Bellville 2, in Cape Town under the new brand...

Most eyes will be on celebrity jockey Dettori.
November 20, 2009... Byline: DAVID MOLLETT Most eyes will be on celebrity jockey Dettori Racing Editor FRANKIE Dettori, the Tiger Woods of the racing world, will get the same rapturous reception the golf supremo has become used to if he wins one of the four...

The Insider.
November 20, 2009... Reserve Bank governor sticks to new script THE Insider regrets to inform readers that the days of hearing the Reserve Bank governor's reflections on life and society have come to an end. Former governor Tito Mboweni was a deep well to draw from,...

Get behind Bafana, Khoza pleads.
November 20, 2009... Byline: BILLY COOPER Get behind Bafana, Khoza pleads SA could surprise and reach semifinals like South Korea did as 'nothing is impossible' Sapa IRVIN Khoza, chairman of the 2010 Local Organising Committee, yesterday made an impassioned plea...

Stalking denial.
November 20, 2009... Stalking denial It wasn't genocide, but it still needs explaining THE unfolding debate over state accountability for the failure of its HIV/AIDS prevention strategy is long overdue, but the issues must be framed correctly. It is not useful to...

A delicate juggling act.
November 20, 2009... A delicate juggling act Clear priorities will address unrealistic demands CONCERN has been expressed that concessions made to the ruling party's left-leaning alliance partners such as the agreement to review the inflation-targeting policy could...

Film.
November 20, 2009... Byline: PHILLIP ALTBEKER Film IN A sense, CHE: THE ARGENTINE is a vanity project for Steven Soderbergh who directed, photographed and edited this exhaustive yet not revelatory biography of Ernesto Che Guevara. Che (Benicio Del Toro) became,...

Nzimande's skills script sets stage for growth.
November 20, 2009... Byline: Thami Mazwai Nzimande's skills script sets stage for growth WE COULD be in for an upswing in growth and development, and it will be thanks to Higher Education and Training Minister Blade Nzimande's skills development agenda. In fact,...

Pienaar's sterling performances earn him Bafana player of the year award.
November 20, 2009... Byline: MNINAWA NTLOKO Pienaar's sterling performances earn him Bafana player of the year award Sports Editor INJURIES may have limited his appearances for the national team over the past few weeks, but that still did not stop Everton...

Immediate tasks overlooked in global warming clamour.
November 20, 2009... Byline: Bjorn Lomborg Climate change Bjorn Lomborg Immediate tasks overlooked in global warming clamour MEDIA organisations in wealthy countries regularly send forth reporters to find victims of global warming. In dispatches from the Pacific...

Doubt over 45% stalls Eskom's Kusile plan.
November 20, 2009... Byline: HILARY JOFFE Doubt over 45% stalls Eskom's Kusile plan Utility holds off on placing new contracts for R120bn power plant Senior Associate Editor ESKOM has stalled its Kusile power station for a few months, holding off on placing any...

Leave currency to markets Marcus.
November 20, 2009... Byline: LINDA ENSOR Leave currency to markets Marcus Political Correspondent CAPE TOWN Reserve Bank governor Gill Marcus has nailed her colours firmly to the mast of nonintervention in the currency market and refraining from support to keep...

JULIUS BAUMANN.
November 20, 2009... Byline: MARIAM ISA OECD predicts SA economy to grow 2,7% next year Economics Editor A TOP think-tank sharply raised its forecasts for the global recovery yesterday, and gave a surprisingly upbeat assessment of SA's economy over the next two...

Airlines face huge fuel bills at King Shaka.
November 20, 2009... Byline: JULIUS BAUMANN Airlines face huge fuel bills at King Shaka Aviation and Tourism Editor AIRLINES using Acsa's new King Shaka Airport, north of Durban, will have to fork out millions more than they are paying for fuel at Durban...

Defiant Armscor CEO suspended on full pay.
November 20, 2009... Byline: LINDA ENSOR Defiant Armscor CEO suspended on full pay Chairman says attempt was made to reach an amicable parting of ways with Thomo but this was unsuccessful Political Correspondent CAPE TOWN Armscor CEO Sipho Thomo has been...

'Worst three months for newspapers' as circulation dives.
November 20, 2009... Byline: CHANTELLE BENJAMIN 'Worst three months for newspapers' as circulation dives Media Editor DAILY and weekly newspapers have all lost circulation, except for the Afrikaans daily Die Son, and the Zulu daily Isolezwe, according to the...

'Many pluses in protecting intellectual property'.
November 20, 2009... Byline: CHARLOTTE MATHEWS 'Many pluses in protecting intellectual property' Trade and Industry Editor COUNTRIES that improve protection of intellectual property rights benefit from increasing foreign investment, improved effectiveness of law,...

Mpshe grilled over successful prosecutions.
November 20, 2009... Byline: WYNDHAM HARTLEY Mpshe grilled over successful prosecutions Committee wants figures to ensure NPA not meddling with statistics Parliamentary Editor CAPE TOWN Acting national director of public prosecutions Mokotedi Mpshe was asked...

IN BRIEF - NEWS.
November 20, 2009... Byline: Karima Brown, Stephan Hofstatter and Alex Matthews IN BRIEF Police must act within the law Nzimande SAFETY Higher Education Minister Blade Nzimande yesterday called on the police to act within the law, saying: SA cannot allow police...

Zuma warns councillors on Tembisa look-in.
November 20, 2009... Byline: CHANTELLE BENJAMIN Zuma warns councillors on Tembisa look-in COUNCILLORS could find themselves out of work if they continue to ignore community issues, President Jacob Zuma said after a surprise visit to Madela Kufa Section 2 township...

Rautenbach 'paid $100 000 for Selebi meeting'.
November 20, 2009... Byline: ERNEST MABUZA Rautenbach 'paid $100 000 for Selebi meeting' Legal Affairs Correspondent FORMER Hyundai boss Billy Rautenbach paid $100 000 to Glenn Agliotti for arranging a meeting between Rautenbach's attorney and business partner...

Soldiers' time-bomb report needs action DA.
November 20, 2009... Byline: Wyndham Hartley Soldiers' time-bomb report needs action DA CAPE TOWN A report describing soldiers' service conditions as a ticking time bomb demanded urgent action and should be made public, Democratic Alliance MP David Maynier said...

Reunert investment fundamentals sound.
November 20, 2009... Byline: Ben Temkin PRIVATE INVESTOR Reunert investment fundamentals sound I CONCLUDED yesterday's column with two questions: is the Reunert investment in the Private Investor portfolio meeting its long-term core criterion and will it indeed...

SELECTIONS.
November 20, 2009... 1st Race: No Selection 2nd Race: (1) Speedy Amanda (2) Lady Ameera (11) Mgede (15) Tempano 3rd Race: (7) Club Victor (9) King of Rock (1) Fort Jerez (10) Random Quest 4th Race: (5) Onehundredacrewood (2) Autumn Gold (3) Thin Red Line (6) Muamba...

Mallett targets the scrum to undo the Boks.
November 20, 2009... Byline: Zeena Isaacs Mallett targets the scrum to undo the Boks De Villiers expects Italian pack to be competitive but rests key players ZEENA ISAACS Rugby Correspondent THE new-look Springbok pack will have a huge weight on their shoulders...

Edcon warns cellphone regulations hurting sales.
November 20, 2009... Byline: Kgomotso Mathe Edcon warns cellphone regulations hurting sales KGOMOTSO MATHE Staff Writer CLOTHING group Edcon yesterday became the latest retailer to say that new cellphone regulations were hurting sales. The privately held...

Illovo grows revenue but earnings flat.
November 20, 2009... Byline: Simon Mundy Illovo grows revenue but earnings flat High sugar price and increased production boost profit but strong rand continues to hit exports SIMON MUNDY Staff Reporter ILLOVO Sugar capitalised on a soaring world sugar price to...

Better days ahead Investec.
November 20, 2009... Byline: Edward West Better days ahead Investec CEO says world economy has stabilised, he does not 'buy this double-dip stuff' EDWARD WEST Finance Editor INVESTMENT bank Investec's adjusted earnings per share fell 8,7% to 24p in the six months...

When will it end?
November 20, 2009... Byline: Anthony Still When will it end? Perhaps it is inevitable that articles in defence of affirmative action are so complicated (Solidarity will fail if it puts affirmative action on trial, November 18). The absurdness of its...

Declaring a stalemate.
November 20, 2009... Byline: Andrew Mills Declaring a stalemate Fareen Daniels's vacuous and puerile letter (All hail to King Kenny, Letters, November 18) has now pushed the climate debate over the edge. I refer to a letter printed in July 2007 regarding gun...

New Zealand doesn't deploy cadres.
November 20, 2009... Byline: Anthony White New Zealand doesn't deploy cadres New Zealand is the most honest country in the world, according to a corruption perceptions index released by Transparency International. Trailing far in its wake, SA was placed 55th out...

Dlamini on the money.
November 20, 2009... Byline: Liliane Dannatt Dlamini on the money Jacob Dlamini's article (While SA laughs, Malema spreads his tentacles, November 19) is spot on. Who remembers Idi Amin, generally regarded as a buffoon whose antics were laughed at by the world,...

Speaking for himself.
November 20, 2009... Byline: SC Weiss Speaking for himself Julius Malema said: We must not charge one of our own. If we allow that, the same thing would happen to Mugabe, and the same would happen to Zuma, and the next thing you know they will come for you. (You,...

Convictions dilemma.
November 20, 2009... Byline: JA Hersch Convictions dilemma There are many long-winded theories about SA's high rate of violent crime. But these seldom mention the following statistic because it is not well known: our murder conviction rate is only 13% which is...

Robust but not rude.
November 20, 2009... Byline: Bhungani ka Mzolo Robust but not rude Prof Sipho Seepe has certainly hit the nail on the head when he states that we need to find a way to be robust in our debates but not disagreeable (No need for robust debate to be uncouth,...

Banish Malema's rants.
November 20, 2009... Byline: Malcolm Stevens Banish Malema's rants Having become one of the many South Africans often frustrated, angered and entertained by the ranting and mindless juvenile thoughts of Julius Malema, I want to take the media organisations in SA...

Share the science.
November 20, 2009... Byline: Mike Atkins Share the science I read Prof Bruce Hewitson's letter with interest (Uninformed vitriol, Letters, November 19). What struck me first was the, er, vitriol and rhetoric employed as he attacked Andrew Kenny for his critique...

Religious fervour.
November 20, 2009... Byline: Richard McNeill Religious fervour Prof Bruce Hewitson's intemperate response (Uninformed Vitriol, Letters, November 19) to Andrew Kenny's article on climate change (Ideology and money drive global-warming religion, November 16), seems...

Rainbow Chicken warns of profit fall.
November 20, 2009... Byline: MICHAEL BLEBY Rainbow Chicken warns of profit fall JSE-listed Rainbow Chicken, supplier of birds to fast-food chains KFC and Nando's, yesterday warned of lower profit levels to come, even as it reported higher chicken sales. Despite...

Top appointments for Standard Bank.
November 20, 2009... Byline: Edward West Top appointments for Standard Bank EDWARD WEST Finance Editor STANDARD Bank yesterday announced two major appointments to head its SA and international corporate and investment banking activities, to further its growth...

Business, leisure boost for George.
November 20, 2009... Byline: Anna-Marie Smith CAPE NEWS Business, leisure boost for George Next year the drought-stricken town of George will benefit from a R28m property development, writes WESTERN Cape premier Helen Zille recently unveiled a commercial and...

Perennial pleasures.
November 20, 2009... Byline: Alice Spenser-Higgs DECOR & DESIGN Gardening Perennial pleasures If you don't have time to spend in the garden, perennials are a colourful but less demanding option, writes NOVEMBER is dominated by agapanthus. Agapanthus is one of...

Buyers recognise real value.
November 20, 2009... Byline: Michelle Swart DEVELOPMENT HIGHLIGHT Buyers recognise real value A new apartment block in Bantry Bay sells 60% off-plan in just three weeks. finds out more SET on the slopes of wind free Bantry Bay, one of SA's most sought-after...

Chic chateau breaks mould.
November 20, 2009... Byline: Michelle Swart SHOWCASE Chic chateau breaks mould This fairytale castle is in an idyllic setting, ideal for the homeowner looking for the unusual THE Pretoria suburb of Irene has managed to keep its rural charm throughout the ages,...

SA's bounty of bubblies.
November 20, 2009... Byline: Graham Howe HOMETALK Wine SA's bounty of bubblies Visit the Cape over the festive season and take in the taste and tour cellars, suggests WINE-lovers in Gauteng can meet some of the country's leading winemakers at the inaugural Cap...

UPPER CONSTANTIA, Cape Town.
November 20, 2009... UPPER CONSTANTIA, Cape Town Size: This Cape-Dutch styled home is well-positioned on a stand of 2376m. Setup: This spacious home has five reception rooms, two kitchens, seven bedrooms, six of which feature en-suite bathrooms. The home has...

BISHOPSCOURT, Cape Town.
November 20, 2009... BISHOPSCOURT, Cape Town Size: This spacious Bishopscourt home is set on a 5422m stand Setup: This home consists of garages for seven cars, two kitchens, an open plan lounge/dining room and four spacious suites all with built in cupboards. The...

DAINFERN GOLF ESTATE, Johannesburg.
November 20, 2009... DAINFERN GOLF ESTATE, Johannesburg Size: A rare opportunity set on a 2326m stand in a secure estate Setup: This home boasts a huge landscaped garden, six en-suite bedrooms, three reception rooms, a large study, a kitchen in maple, an excellent...

PARKTOWN, Johannesburg.
November 20, 2009... PARKTOWN, Johannesburg Size: This heritage building is set on a stand size of 3627m. Setup: This home has three bedrooms, two reception rooms, a cottage, wine cellar, swimming pool, tennis court, established garden with sprinkler system and...

Setting the pace.
November 20, 2009... Byline: Antonella Desi PROPERTY HIGHLIGHT Setting the pace This home fuses Art Deco chic, rustic African appeal, mystical Asian elegance and rock 'n roll glam. explores COMPLEMENTED by truly breathtaking views of Johannesburg's northern...

Business and storytelling in an actor's field of dreams.
November 20, 2009... Byline: Doug Gordon Business and storytelling in an actor's field of dreams Actor and director James Ngcobo has shared the stage and screen with some of the world's top stars now his heart is set on bringing a new generation of South African...

Older SACP elements in no mood to spoil party.
November 20, 2009... Byline: Aubrey Matshiqi Older SACP elements in no mood to spoil party THE strategic alliance between the African National Congress (ANC), South African Communist Party (SACP) and Congress of South African Trade Unions (Cosatu) will break...

Challenger or bargainer? the thin black line.
November 20, 2009... Byline: Eusebius McKaiser Challenger or bargainer? the thin black line Fancy identity footwork is required in a deeply divided country where praise from white readers can send a black writer into paroxysms of discomfort and self-doubt SOME...

IN: Goldman Sachs CEO Lloyd Blankfein.
November 20, 2009... Goldman Sachs CEO Lloyd Blankfein. Apologising for the firm's role in causing the global financial crisis is a start. Now how about reversing the $16,7bn set aside for bonuses this year?

out: Defence Minister Lindiwe Sisulu.
November 20, 2009... Defence Minister Lindiwe Sisulu. She established an inquiry into conditions in the defence force, then stepped in to stop it looking at one of the most crucial issues whether soldiers may unionise.

IN: President Jacob Zuma.
November 20, 2009... President Jacob Zuma. He appears intent on countering the perception that the government is soft on corruption, but he'll have to do more than appoint a committee if he wants to do anything about it.