Business Day (South Africa) articles from November 2009, page 6

Business Day (South Africa) archives from November 2009

Western Union cash service arrives in SA.
November 19, 2009... Byline: Edward West Western Union cash service arrives in SA EDWARD WEST Finance Editor THE Western Union Company and FX Africa Foreign Exchange have entered into an agreement to offer the Western Union money transfer service in SA. US-based...

BUYING. Deals of the week.
November 19, 2009... Byline: MOTOR NEWS REPORTER BUYING Deals of the week IT seems car dealers are eager to entice you into that new car to start off 2010. Motor News has picked out a number of great deals for business or pleasure. Terms and conditions apply. ...

FORMULA 1. Mercedes in about-turn.
November 19, 2009... Byline: John Floyd FORMULA 1 Mercedes in about-turn looks at manufacturer's future as the new owner of Brawn GP THE rumour has been circulating the pit lane for some time as the tremendous success of Brawn GP set tongues wagging about the...

LOCAL MOTORSPORT. Leading lady leads the pack.
November 19, 2009... Byline: MOTOR NEWS REPORTER LOCAL MOTORSPORT Leading lady leads the pack SA could soon have its own Danica Patrick, if Fabienne Lanz has her way FAST local lady karter, Fabienne Lanz, had a successful performance at the 2009 Bridgestone...

LONG-TERM FLEET. Getting to know an Individual.
November 19, 2009... Byline: Lerato Matebese LONG-TERM FLEET Getting to know an Individual No sooner had our long-term BMW 520d arrived than headed out on a road trip WE RECENTLY rolled out the red carpet for our latest addition to the Motor News fleet in the...

LONG-TERM FLEET. Farewell to Jazz king.
November 19, 2009... Byline: Lerato Matebese LONG-TERM FLEET Farewell to Jazz king The Motor News team bids the Honda Jazz goodbye, writes THERE comes a time and all that jazz when you have to bid farewell to a trusty companion. Mind you, no matter how many long-...

EXCLUSIVE. Trident rises in the desert.
November 19, 2009... Byline: John Floyd EXCLUSIVE Trident rises in the desert We travelled to Abu Dhabi to test a number of Maserati models on the new Yas Marina circuit IT is 1am local time and having left home at seven yesterday morning I just want to get to...

LAUNCH NEWS. Materia gets some Tokyo Drift.
November 19, 2009... Byline: Lerato Matebese LAUNCH NEWS Materia gets some Tokyo Drift The Daihatsu Materia has acquired some performance to match its quirky looks, writes EVERY now and again a vehicle comes out of the woodwork with such inherent street cred that...

MOTOR SPARES.
November 19, 2009... MOTOR SPARES Toyota plans to supersize the Prius GOING LARGE Toyota has announced it is looking at a larger version of its benchmark hybrid, the Prius. The new model will most likely be a station wagon or SUV and will be powered by a new battery...

DRIVING IMPRESSION. Putting Godzilla through its paces.
November 19, 2009... Byline: Lerato Matebese DRIVING IMPRESSION Putting Godzilla through its paces and the team spent time with the GTR recently WHEN Nissan announced it would launch the GTR 35 model to rival the Porsche 911 Turbo, I am almost certain that the...

ROAD TEST. BMW's stylistas finally get it right.
November 19, 2009... Byline: Lerato Matebese ROAD TEST BMW's stylistas finally get it right took to the roads in the latest BMW Z4 to see if it fits the bill of being a genuine roadster THE BMW Z1, which was rarely seen locally, simply lacked appeal with its...

USED CAR TEST. Luxury and value.
November 19, 2009... Byline: DANDRE STEENKAMP USED CAR TEST Luxury and value THE luxurious Lexus RX offers something different to the already overcrowded SUV segment. When it comes to performance, luxury and great all round driveability, the RX is a package hard...

LIFESTYLE. Dream track in the desert.
November 19, 2009... Byline: John Floyd LIFESTYLE Dream track in the desert was one of the first journalists to take to the Yas Marina circuit and reports on the wonder of this new facility YOU have to admire the incredible foresight of the entrepreneurs in the...

Vehicle Prices. Light commercial.
November 19, 2009... LIGHT COMMERCIAL CHEVROLET LUMINA UTE 6.0 V8 SS AT R405600 LUMINA UTE 6.0 V8 SS 6spd MT R405600 CITROEN BERLINGO 1.4i R129995 BERLINGO 1.9i D R139995 CHANA 1.0 S/CAB R67900 1.0 CLUB CAB R73900 1.0 D/CAB R79900 1.3 S/CAB R77900 1.3 CLUB CAB...

Vehicle Prices. Passenger Cars.
November 19, 2009... PASSENGER CARS ALFA ROMEO 147 1.6 3-DOOR PROGRESSION R229900 147 1.6 5-DOOR PROGRESSION R240700 147 1.9 JTD 5-DOOR PROGRESSION R282750 147 2.0 3-DOOR DISTINCTIVE R249000 147 2.0 5-DOOR DISTINCTIVE R259500 MITO 1.4T R241000 159 1.9 JTS R303500...

Vehicle Prices. SUVs.
November 19, 2009... 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...

Culling projects a vital exercise.
November 19, 2009... Byline: Alf James Culling projects a vital exercise MANAGING a project well is a challenge, but most companies handle several simultaneously. Handling more than one project adds an additional layer of complexity and leads to a range of...

A NEW APPROACH. Knowledge-based strategies define the future.
November 19, 2009... Byline: Alf James A NEW APPROACH Knowledge-based strategies define the future Innovation and learning crucial for survival, writes TO SUCCEED in future, CEOs and the full staff complement of enterprises will need to be well versed in the...

'Shoot to kill' policy is an admission of policing failure.
November 18, 2009... Byline: KHEHLA SHUBANE vs RW JOHNSON 'Shoot to kill' policy is an admission of policing failure Recently, a three-year-old boy, Atlegang Aphane, was killed in an apparent case of police recklessness the latest in a series of incidents in...

THE INSIDER.
November 18, 2009... State lays down law again on struggling parasiticals MOST would have applauded the announcement by Finance Minister Pravin Gordhan during the debate on the appropriations bill in the National Assembly last week that a review of state-owned...

Mthalane vows to win IBF flyweight world title.
November 18, 2009... Byline: KULANI NKUNA Mthalane vows to win IBF flyweight world title MORUTI Baby Face Mthalane headlines what is being touted as the biggest card of the year in South African boxing, under the Branco Sports Productions banner at Wembley Arena...

Marcus kicks off.
November 18, 2009... Marcus kicks off Consultative style, but no buckling on inflation THE Reserve Bank's new governor, Gill Marcus, made a strong statement yesterday, and it was not the statement of the monetary policy committee (though she released that too). ...

An eye on the bigger picture.
November 18, 2009... An eye on the bigger picture Sure, building work is irritating, but it will pay off AFTER what amounted to an investment strike by the state during the first decade of our democracy, the enormous infrastructure expenditure programme that is now...

Wine.
November 18, 2009... Byline: MICHAEL FRIDJHON Wine IT SEEMS probable that Coenie Snyman's triumph as this year's Diners Club Winemaker of the Year will be overshadowed by a scandal involving the junior event, the Diners Club Young Winemaker of the Year. Snyman,...

Midterm report cards for teams in premiership.
November 18, 2009... Byline: Mninawa Ntloko Midterm report cards for teams in premiership WITH the premiership race now at the halfway mark, perhaps it would be a good idea to take a look at the midterm report cards before the race resumes again this weekend. The...

Japanese told to 'deal with it' over vuvuzelas.
November 18, 2009... Byline: Mninawa Ntloko Japanese told to 'deal with it' over vuvuzelas MNINAWA NTLOKO Sports Editor THE 2010 local organising committee yesterday furiously dismissed the Japanese football association's attempts to have the vuvuzela banned...

Shiceka gets the message on local democracy.
November 18, 2009... Byline: STEVEN FRIEDMAN Shiceka gets the message on local democracy All too often, proposals for deeper democracy run aground because local elites find ways to beat the system THE national debate is so taken with invented policy shifts that...

SA third-quarter gold output lags in boom.
November 18, 2009... Byline: EDWARD WEST SA third-quarter gold output lags in boom Finance Editor SA's gold output was 4,8% higher in the third quarter than in the second, but 2,9% down on the previous third quarter's, the Chamber of Mines said yesterday. Some in...

State short of R10bn to honour land deals.
November 18, 2009... Byline: STEPHAN HOFSTATTER State short of R10bn to honour land deals Huge damages claims looming as owners, claimants turn to courts Contributing Editor THE Land Claims Commission cannot afford to honour at least R10bn in outstanding...

Prisons graft probe staggers MPs.
November 18, 2009... Byline: WYNDHAM HARTLEY Prisons graft probe staggers MPs Parliamentary Editor CAPE TOWN MPs were shocked yesterday by a report on how top correctional services officials colluded with a major company in tender rigging and accepted millions in...

Repo rate steady with Eskom poised.
November 18, 2009... Byline: MARIAM ISA Repo rate steady with Eskom poised Economics Editor THE Reserve Bank kept interest rates steady yesterday as expected with new governor Gill Marcus highlighting the role global events play in SA's tentative economic...

Pension fund surplus battle rages on.
November 18, 2009... Byline: LINDA ENSOR Pension fund surplus battle rages on Financial Services Board adamant 'vanished' R1bn-R2bn will be reapportioned to members Political Correspondent CAPE TOWN The Financial Services Board (FSB) is involved in continuing...

Marcus consensual but independent.
November 18, 2009... Byline: Mariam Isa Marcus consensual but independent New Bank governor withstands political pressure but welcomes debate, writes THE Reserve Bank's new governor, Gill Marcus, made clear yesterday that she would not cave in to political...

Call to raise power price to stimulate competition to Eskom.
November 18, 2009... Byline: SISEKO NJOBENI Call to raise power price to stimulate competition to Eskom Energy Affairs Editor THE government should raise electricity tariffs to a level that will allow Eskom and independent power producers to operate, according to...

Gordhan tells artists not to rely on state to bail out sector.
November 18, 2009... Byline: CHANTELLE BENJAMIN and SIMON MUNDY Gordhan tells artists not to rely on state to bail out sector He says government has less money to spend because of the recession FINANCE Minister Pravin Gordhan told representatives of SA's creative...

State denies it is deliberately delaying, rejecting Nigerian visas.
November 18, 2009... Byline: HOPEWELL RADEBE State denies it is deliberately delaying, rejecting Nigerian visas Diplomatic Editor THE government expressed its concern yesterday about the growing perception that Pretoria is limiting the number of Nigerian...

Probe into 'poverty funds spent on party' nearly done.
November 18, 2009... Byline: WILSON JOHWA Probe into 'poverty funds spent on party' nearly done Political Correspondent THE Special Investigating Unit expects to shortly conclude its probe into allegations that South African Social Security Agency CEO Fezile...

Bombela in bid to meet World Cup deadline.
November 18, 2009... Byline: JOCELYN NEWMARCH Bombela in bid to meet World Cup deadline Infrastructure and Environment Correspondent BOMBELA, the Gautrain concessionaire, said yesterday it had put forward a cheaper option which would see the first phase of the...

Road agency scaling back its projects in Jo'burg.
November 18, 2009... Byline: ARTWELL DLAMINI Road agency scaling back its projects in Jo'burg Transport Correspondent THE Johannesburg Roads Agency yesterday said budget cuts had forced it to scale back some road projects and reprioritise others in the country's...

Polar stalwart SA Agulhas retiring.
November 18, 2009... Byline: ROUX VAN ZYL Polar stalwart SA Agulhas retiring New, more modern replacement being built by Finnish company at a cost of R1,3bn AFTER 31 years of service as SA's polar research vessel, the SA Agulhas is due for retirement by 2012, it...

Pikoli denies he discussed his wife's shares with Selebi.
November 18, 2009... Byline: ERNEST MABUZA Pikoli denies he discussed his wife's shares with Selebi Legal Affairs Correspondent FORMER prosecutions chief Vusi Pikoli told the South Gauteng High Court yesterday how former police commissioner Jackie Selebi asked...

Captain deserved promotion, court told.
November 18, 2009... Byline: LUPHERT CHILWANE Captain deserved promotion, court told General Reporter POLICE captain Renate Barnard should have been promoted to superintendent in 2006 because she had proved her competence in interviews and her score ratings were...

Sound management in control at Mr Price.
November 18, 2009... Byline: BEN TEMKIN PRIVATE INVESTOR Sound management in control at Mr Price LAST week, the mostly cash retail chain Mr Price published its results for the six months ended September 30 this year. In an extremely poor trading environment, the...

OUT: Parliamentary sports committee chairman Butana Komphela.
November 18, 2009... Parliamentary sports committee chairman Butana Komphela's latest over-reaction, about the absence of the king protea on replica Bafana Bafana jerseys, is true to form.

OUT:Japanese Football Association president Motoaki Inukai.
November 18, 2009... Japanese Football Association president Motoaki Inukai. Greater footballing nations have tried, and failed, to have the vuvuzela banned from next year's World Cup. His attempt will meet the same fate.

OUT: Rehana Moosajee, Jo'burg's mayoral committee member for transport.
November 18, 2009... Rehana Moosajee, Jo'burg's mayoral committee member for transport. Perhaps a bit more research would have been in order before rushing into starting the city's bus rapid transport system.

Du Plessis says Boks need better scrums to beat Italy.
November 18, 2009... Byline: Zeena Isaacs Du Plessis says Boks need better scrums to beat Italy ZEENA ISAACS Rugby Correspondent FORMER national rugby coach Carel du Plessis warned yesterday that the Springboks needed to improve their scrummaging to topple Italy...

New accounting standard to simplify reporting on instruments.
November 18, 2009... Byline: Sanchia Temkin New accounting standard to simplify reporting on instruments SANCHIA TEMKIN A NEW accounting standard released recently by the International Accounting Standards Board is intended to simplify the reporting of financial...

Platinum price rebound expected.
November 18, 2009... Byline: Bheki Mpofu Platinum price rebound expected Automotive, jewellery demand seen rising, but strong rand could mean SA misses out BHEKI MPOFU Resources Editor PLATINUM prices are expected to hit highs of $1550/oz in the next six months...

Conco powers rising Buildworks revenue.
November 18, 2009... Byline: Thabang Mokopanele Conco powers rising Buildworks revenue THABANG MOKOPANELE Property Editor BUILDWORKS, a supplier of heavy building materials to the construction industry, said yesterday its strategic positioning in the provision of...

Devmet wins Velodrome tender.
November 18, 2009... Byline: Thabang Mokopanele Devmet wins Velodrome tender Consortium plans to turn Bellville into envy of SA with R3bn mixed-use precinct THE City of Cape Town has awarded a R3bn tender to develop the Bellville Velodrome Precinct to Devmet...

Banks' refusal rate up as applications increase.
November 18, 2009... Byline: Thabang Mokopanele Banks' refusal rate up as applications increase DESPITE increased mortgage approval rates at banks, a higher proportion of applications fail to be approved due to an increase in the number of marginal applicants...

Market accepts Freeworld price increase.
November 18, 2009... Byline: Charlotte Mathews Market accepts Freeworld price increase Paint distributor sees 'tide turning', though hikes were not enough to offset input costs and write-down CHARLOTTE MATHEWS Trade and Industry Editor FREEWORLD Coatings, which...

For those who have 'been there and done that' the usual story.
November 18, 2009... Byline: Michelle Pireu StreetDogs For those who have 'been there and done that' the usual story YOU were initially attracted to the markets by the thought of making a lot of money quickly, without having to work for it. You knew someone who...

CEOs dig in for economy's long, slow climb.
November 18, 2009... Byline: Sure Kamhunga CEOs dig in for economy's long, slow climb Most say recovery is within sight, with consumer confidence and jobs key factors, writes CHIEF executives and economists of some of SA's top listed firms say it is too early to...

Recovery will bring tough choices, says report.
November 18, 2009... Byline: Sanchia Temkin Recovery will bring tough choices, says report SANCHIA TEMKIN Professional Services Editor SOUTH African businesses will have to make tough decisions to realign their activities if they are to benefit from the recovery...

Local hedge funds perform well.
November 18, 2009... Byline: Edward West Local hedge funds perform well EDWARD WEST THE Blue Ink All South African Hedge Fund Composite, which tracks about 100 hedge funds in SA, increased 11,79% for the 12-month period to end-September, while the FTSE/JSE all...

Big demand for inner-city property.
November 18, 2009... Byline: Thabang Mokopanele Big demand for inner-city property UNPRECEDENTED demand for buildings in central business districts (CBDs) of Johannesburg, Pretoria, Durban and Cape Town is on the rise, with many converted to student...

Net worth of SA's rich halves in two years.
November 18, 2009... Byline: Edward West Net worth of SA's rich halves in two years EDWARD WEST Finance Editor THE net worth of SA's most wealthy individuals halved in two years to R58,5bn last year, mainly because they had begun looking for ways to streamline...

A more discordant act.
November 18, 2009... Byline: Sam Ditshego A more discordant act Vuyo Mbuli, co-presenter of the Morning Live SABC television show, thinks the shoddy performance of the national anthem prior to a rugby match was disgusting but I say he ain't seen nothing yet, that...

All hail to King Kenny.
November 18, 2009... Byline: Fareen Daniels All hail to King Kenny Hearty thanks to Andrew Kenny (Ideology and money drive global-warming religion, November 16) and Robert Gentle (All the hot air not cool, Letters, November 17), for clearing up the silly...

Building the brand.
November 18, 2009... Byline: Lucas Ntyintyane Building the brand I had no clue Jimmy Choo was a man. A Malaysian, nogal! It is my mistake to think high fashion is the monopoly of Rome and Paris. Jimmy Choo is the brains behind the top-brand shoes that gave...

Cash in on Ras.
November 18, 2009... Byline: Mayihlome Tshwete Cash in on Ras The situation with Ras Dumisani is quite hilarious. One can imagine how hard coach Peter de Villiers worked to psych his men up, and one song, by our brother Ras, destroyed any focused mind state....

Now for one on Manyi.
November 18, 2009... Byline: Barry Ross Now for one on Manyi Eusebius McKaiser's article (System could collapse like a house of race cards, November 13) is one of the best pieces of writing I have seen in ages. Oh, for more like him in SA. Well done, Sir! Don't...

JSE status affects rand.
November 18, 2009... Byline: Anthony Durham JSE status affects rand The rand's strength is causing irreparable harm. Jobs are being lost in the manufacturing sector that will never be replaced. The rand is possibly the world's most volatile currency. In seven of...

Where there's a will.
November 18, 2009... Byline: D Wolpert Where there's a will I am not quite sure why the African National Congress and its alliance partners are struggling to find mechanisms to weaken the rand. A little more nationalisation talk, letting young Julius Malema...

Animal Farm is here.
November 18, 2009... Byline: Jon Quirk Animal Farm is here So it is official. We know it is because Julius Malema said so. To be black means that you will both be protected and can do no wrong, and will be entitled to unwavering support against prosecution. So...

Focus on how best to extract value.
November 18, 2009... Byline: Mandla Kuzwayo Focus on how best to extract value About three months ago, Phumlani Moholi wrote a letter to the editor in which he decried the scantiness of vision in most of SA's efforts, but especially with regard to the 2010 Soccer...

Growthpoint paper issues prove popular.
November 18, 2009... Byline: Thabang Mokopanele Growthpoint paper issues prove popular Property company makes use of credit ratings to diversify funding THABANG MOKOPANELE Property Editor SA's biggest listed property group, Growthpoint Properties, said yesterday...

Transnet fills the gap at rail unit.
November 18, 2009... Byline: Artwell Dlamini Transnet fills the gap at rail unit ARTWELL DLAMINI Transport Correspondent TRANSNET yesterday said it had reshuffled its senior executives, temporarily filling the top post at its largest division that had stayed...

How to manage your pain.
November 18, 2009... Byline: Mandy Collins ANALGESIA How to manage your pain Pain is an individual experience. We all experience it from time to time and we all have different pain thresholds. The key to preventing chronic pain is to treat acute pain immediately,...

Practising medicine of tomorrow to stay healthy.
November 18, 2009... Byline: Marika Sboros VITAL SIGNS Practising medicine of tomorrow to stay healthy UK-based Patrick Holford enjoys an international reputation as a nutrition 'guru'. He will be in SA next week for the global launch of his latest book, The 10...

Disclosure seen is both a challenge and an opportunity.
November 18, 2009... Byline: David Jackson Disclosure seen is both a challenge and an opportunity FOREX derivatives are one of the most commonly used financial instruments in the world, but their use introduces its own set of unique risks. International financial...

Economic crisis fails to deter big spenders.
November 18, 2009... Byline: David Jackson UNFAIR REPUTATION Economic crisis fails to deter big spenders Derivatives may have been tainted by association with toxic bank assets, but corporations still invest in them, writes THE bad press received by derivatives...

Players are seeking a blue-sky opportunity.
November 18, 2009... Byline: DAVID JACKSON Players are seeking a blue-sky opportunity THE global economic crisis has affected customer hedging activities significantly over the past year, says Andre van der Merwe, Standard Bank's director and head of currency...

Dispensation boosted market.
November 18, 2009... Byline: David Jackson Dispensation boosted market THE South African Reserve Bank measures that liberalised aspects of the country's exchange-control regulations helped to drive the JSE's currency derivatives through the R100bn landmark in...

Currency warrants take the spotlight.
November 18, 2009... Byline: DAVID JACKSON BROADENING THE MARKET Currency warrants take the spotlight New version provides access to gearing and favourable market movements, but at a known risk and cost, reports David Jackson THE return of risk appetite globally...

PARACON.
November 17, 2009... PARACON Annual 2009 2008 Sales (Rm) 926 916 Pretax (Rm) 74 85 Net Income (Rm) 56,4 70,9 Headline EPS 17c 19c Dividend PS 10c 11c

Cipro merger promises reform of fees, red tape.
November 17, 2009... Byline: LINDA ENSOR Cipro merger promises reform of fees, red tape Political Correspondent CAPE TOWN The Department of Trade and Industry is proceeding with plans to convert the Companies and Intellectual Property Registration Office (Cipro)...

ASTRAL FOODS.
November 17, 2009... ASTRAL FOODS Annual 2009 2008 Sales (Rbn) 8,8 8,2 Pretax (Rm) 531 498 Net Income (m) 353 334 Headline EPS (c) 890 840 Dividend PS (c) 700 700

JD Group.
November 17, 2009... JD Group Annual 2009 2008 Sales (Rbn) 12,9 12,6 Pretax (Rm) 555 729 Net Income (Rm) 75 514 Headline EPS 44,2c 298,3c Dividend PS 41c 41c IMPROVEMENT: Barloworld CEO Clive Thomson announces the company's year-end results in Sandton, Johannesburg,...

MIX TELEMATICS.
November 17, 2009... MIX TELEMATICS Interim 2009 2008 Sales (Rm) 431 432 Pretax (Rm) 37 52 Net Income (Rm) 23 36 Headline EPS 3,6c 5,4c Dividend PS

MURRAY & ROBERTS.
November 17, 2009... MURRAY & ROBERTS Annual 2009 2008 Sales (Rbn) 33,762 26,666 Pretax (Rbn) 2,869 2,455 Net Income (Rbn) 2,337 2,064 Headline EPS 670c 559c Dividend PS 218c 196c

BARLOWORLD.
November 17, 2009... BARLOWORLD Year-end 2009 2008 Sales (bn) 42,2 46,8 Pretax (bn) 1,0 1,9 Net income (bn) 0,8 1,2 Headline EPS 351 616 Dividend PS 110 250