Business Day (South Africa) articles from November 2009, page 8

Business Day (South Africa) archives from November 2009

Africa urged to take advantage of technology for development.
November 16, 2009... Byline: SUE BLAINE Africa urged to take advantage of technology for development FOR sub-Saharan Africa, building a knowledge economy is no longer an option, it is a necessity, World Bank Institute economic adviser Shahid Yusuf said last week...

Developing countries get backing for easier trade.
November 16, 2009... Byline: CHARLOTTE MATHEWS Developing countries get backing for easier trade Trade and Industry Editor MEMBERS of the World Trade Organisation (WTO) have tentatively approved new proposals to give special treatment to developing countries to...

Up there with the very best.
November 16, 2009... Byline: ANDREW MILLER Up there with the very best Proteas smash England for highest Twenty20 total between senior teams Cricinfo.com CENTURION Loots Bosman fell one six short of recording only the second century in Twenty20 internationals...

Strong rand is slowing climb out of recession.
November 16, 2009... Byline: Jean Temkin TECHNICAL PREVIEW Strong rand is slowing climb out of recession FIGURES for September manufacturing and mining production up 2,6% and 1,8% show we're emerging from the recession, but SA is taking a lot longer to do so than...

THE THICK END OF THE WEDGE.
November 16, 2009... Byline: Peter Bruce THE THICK END OF THE WEDGE THE EDITOR'S NOTEBOOK I SEE that President Jacob Zuma has had to remind the ANC's partners who is boss! Good. Well I thought good until I read on. City Press said he had told an ANC national...

Pondering the lack of shine on SA's gold.
November 16, 2009... Byline: Tim Cohen MONDAY COMMENT Pondering the lack of shine on SA's gold THIS week in SA produced one of the most profound but yet unacknowledged ironies: the gold price reached (yet another) record, settling above $1122 for the first time,...

Round pegs in square holes.
November 16, 2009... Byline: Tim Cohen Round pegs in square holes IF YOU were Bobby Godsell, would you go back? Public Enterprises Minister Barbara Hogan told 702: We would like to see normality brought back to Eskom, and if that means bringing Bobby Godsell...

Mexicans are running away from Cronin's ideas, not towards them.
November 16, 2009... Byline: Tim Cohen Mexicans are running away from Cronin's ideas, not towards them THE tripartite alliance meeting at the weekend was intended to improve relations between the alliance partners but, predictably, it seems to have made things...

4,301,03.
November 16, 2009... Byline: Michael Biberauer 4,30 1,03 0,51 1,34 0,97 0,48 6,95 0,90 0,08 0,94 0,91 1,28 9,95 1,36 1,13 0,26 0,05 0,09 1,00 0,05 3,88 1,38 6,21 0,63

FROM THE DESK OF Trevor Walker.
November 16, 2009... Byline: Trevor Walker TO: bobby@eskom.com FROM: Trevor@Walkerand.co.za SUBJECT: on your side DATE: Monday, Nov 9 Hi Bobby, Just a short note to say I'm on your side and with you all the way in these trying times. Trevor TO: jacob@eskom.com...

'Shocking' anthem contributed to Bok defeat, says Botha.
November 16, 2009... Byline: Zeena Isaacs 'Shocking' anthem contributed to Bok defeat, says Botha ZEENA ISAACS Rugby Correspondent LEGENDARY Springbok flyhalf Naas Botha yesterday urged the government to get involved in the national anthem disaster during...

Raubenheimer pays for Leicester game.
November 16, 2009... Byline: Zeena Isaacs Raubenheimer pays for Leicester game GRIQUAS flank Davon Raubenheimer has paid for his disappointing performance against Leicester by being demoted to the bench for tomorrow's clash against Saracens in London during the...

Eastplats results still positive.
November 16, 2009... Byline: Bheki Mpofu Eastplats results still positive BHEKI MPOFU Resources Editor CANADIAN platinum producer Eastern Platinum (Eastplats) recorded a net profit in the quarter ended September, the third successive quarter this year that the...

Fairvest eyes acquisitions.
November 16, 2009... Byline: Thabang Mokopanele Fairvest eyes acquisitions THABANG MOKOPANELE Property Editor PROPERTY company Fairvest aims to create a property portfolio of significant critical mass through acquisition of quality, high-yielding properties as...

A fixed exchange rate.
November 16, 2009... Byline: Michael Power A fixed exchange rate If we are to have a sensible debate on the value of the rand, one canard that needs to be shot down immediately is that we do not have sufficient foreign exchange reserves to maintain a fixed...

Clarify standards.
November 16, 2009... Byline: David Bruce Clarify standards This is a brief response to the comments made by the Deputy Police Minister Fikile Mbalula. His statements reinforce our concerns that confusing and inflammatory rhetoric from senior politicians is...

Convict rather than kill criminals.
November 16, 2009... Byline: Jo Mangaliso Mdhlela Convict rather than kill criminals Fikile Mbalula's behaviour and his continued call for the police to shoot the bastards, which I think is a shorthand for the police's shoot to kill rallying cry, is not only...

Lying is unacceptable.
November 16, 2009... Byline: Frans Cronje Lying is unacceptable Gun Free SA has long tried to make the ideological case for civilian disarmament (No flaw in firearms law, Letters, November 13). However, to lie outright about the effect of the Firearms Control Act...

Gun law is unlawful.
November 16, 2009... Byline: B Nortje Gun law is unlawful Natalie Jaynes who proudly claims to be the Western Cape regional director of Gun Free SA accuses the editor of Business Day of not having done his homework (Unnecessary arms reprieve, November 10)....

Cellular market saturated MTN.
November 16, 2009... Byline: LESLEY STONES Cellular market saturated MTN New legislation has led to decline in subscriber growth for both it and Vodacom Information Technology Editor THE market for cellphone users had reached saturation point in SA, an MTN...

Call to report all suspicious cash movements.
November 16, 2009... Byline: Sanchia Temkin Call to report all suspicious cash movements FIC 'will have to make an example' SANCHIA TEMKIN Professional Services Editor SA's regulators must do more to force individuals and financial institutions to report...

Richemont set to ride through recession.
November 16, 2009... Byline: Kgomotso Mathe Richemont set to ride through recession Despite 60% profit decline interim CEO Rupert says group is poised to reap benefits from turnaround KGOMOTSO MATHE Staff Writer THE world's biggest jewellery manufacturer...

Phaswana prepares to tackle new challenges at Standard.
November 16, 2009... Byline: Simon Mundy Phaswana prepares to tackle new challenges at Standard SIMON MUNDY Staff Reporter FRED Phaswana pledged to spend the next six months coming to grips with the issues at Standard Bank after his appointment as its next...

STANDARD BANK.
November 16, 2009... STANDARD BANK Interim 2009 2008 Revenue (m) R 41 091 R42 302 Pretax (m) R6 666 R11 987 Net Income (m) R7 345 R12 634 Headline EPS R351,3 R481,8 Dividend PS R141,0 R193,0

Sycom raises distributions as portfolios perform.
November 16, 2009... Byline: THABANG MOKOPANELE Sycom raises distributions as portfolios perform Property Editor LISTED property unit trust Sycom Property Fund on Friday posted a 9,2% increase in distributions for the six months ended September, buoyed by good...

Telkom fears dive of 140% in earnings.
November 16, 2009... Byline: Siseko Njobeni Telkom fears dive of 140% in earnings SISEKO NJOBENI TELKOM, Africa's largest fixed-line phone company, on Friday said it expected its headline earnings per share for the six months to September to fall as much as 140%....

Market exposure without all the risk.
November 16, 2009... Byline: Bryan Hirsch Market exposure without all the risk IT IS human nature to view recent market events with scepticism and as a never-ending problem. It is also easy to get sucked into a rising market and take on progressively more risk,...

Why SA's mines are losing out on gold boom.
November 13, 2009... Byline: Colin Anthony THE BOTTOM LINE COLUMN Why SA's mines are losing out on gold boom FEW things highlight the extent of the problems facing SA's gold mining industry as the somewhat ironic news yesterday that, as the gold price broke...

Lerena steps in for Shea in jockeys' challenge.
November 13, 2009... Byline: David Mollett Lerena steps in for Shea in jockeys' challenge DAVID MOLLETT Racing Editor THREE-time champion apprentice Gavin Lerena has been called up to represent the South African side when they take on Europe in the International...

Hlatshwayo out to recreate his success at Wembley Arena.
November 13, 2009... Byline: KULANI NKUNA Hlatshwayo out to recreate his success at Wembley Arena WEMBLEY Arena in Turffontein was the place where Isaac Angel Hlatshwayo became champion for the first time, and he will be returning to his happy hunting ground...

The Insider.
November 13, 2009... Dark doings in the gardening section WHILE musing on commemorations of the Fall of the Wall and the Soviet Union's demise, one of Business Day's geriatric sub-editors recalled the feared Soviet secret police (1923-34), known inelegantly as OGPU....

Ndou claims Hatton is easy meat.
November 13, 2009... Byline: KULANI NKUNA Ndou claims Hatton is easy meat Local boxer vows to expose the weaknesses of his British opponent who 'can't fight' IF BOXING matches were decided on whose war cries were verbal knockouts, then Lovemore Ndou would be...

No hold on rand.
November 13, 2009... No hold on rand SA must find other ways to be more competitive THE rand's 27% appreciation this year has emerged as one of the key threats to economic recovery. But what to do about it? Even though there's support from a surprisingly wide range...

A critical issue of credibility.
November 13, 2009... A critical issue of credibility Calls for review of Zuma decision still deflected SEVEN months after acting national prosecutions head Mokotedi Mpshe controversially dropped all criminal charges against African National Congress president Jacob...

Arts & Leisure. Film.
November 13, 2009... Byline: PHILLIP ALTBEKER Film THE delectable JULIE AND JULIA tells two separate yet connected stories, both of them true and bound to satisfy even those unfamiliar with its characters. Writer-director Nora Ephron moves between post-war Paris...

The chief is not a man, not even a legal grown-up yet.
November 13, 2009... Byline: Sue Blaine The chief is not a man, not even a legal grown-up yet Three years after being turned away from university, a young Soweto woman is running her own company with a permanent staff and a R1m turnover, writes THE letters come...

Parreira faces first test as coach as Bafana take on Japan.
November 13, 2009... Byline: Mninawa Ntloko Parreira faces first test as coach as Bafana take on Japan MNINAWA NTLOKO Sports Editor RETURNING national soccer team coach Carlos Alberto Parreira will bear the burden of high expectations when Bafana Bafana host...

In brief. Africa & the World. Environment writer honoured in Europe.
November 13, 2009... IN BRIEF Environment writer honoured in Europe PARIS Business Day correspondent in Nairobi Steve Mbogo was selected this week as one of the 15 winners of the Earth Journalism Awards for excellence in climate change reporting. Judges said Mbogo's...

Eskom confirms Maroga has quit, Hogan speaks up.
November 13, 2009... Byline: SISEKO NJOBENI and LINDA ENSOR Eskom confirms Maroga has quit, Hogan speaks up AFTER two weeks of uncertainty and confusion, the Eskom board yesterday finally confirmed that Jacob Maroga was no longer CEO, taking the first step to...

Gold price soars but output tanks.
November 13, 2009... Byline: MARIAM ISA Gold price soars but output tanks Economics Editor SA's mining output plunged 15,9% in the year to September the sharpest fall in 17 months suggesting that the sector will be slow to benefit from soaring mineral prices. ...

Nyanda's early Xmas for cellphone users.
November 13, 2009... Byline: LINDA ENSOR Nyanda's early Xmas for cellphone users Political Correspondent CAPE TOWN Communications Minister Siphiwe Nyanda has secured a saving for consumers from cellphone operators, which have agreed to an initial 36c cut in the...

Ministers defied as Zuma cuts pay hikes.
November 13, 2009... Byline: SIMON MUNDY Ministers defied as Zuma cuts pay hikes Gordhan's advice prevails as 8% pay proposal is trimmed to 7% Staff Reporter PRESIDENT Jacob Zuma yesterday shot down a proposed 8% salary increase for senior state office bearers,...

Marketers put their faith in brand religion.
November 13, 2009... Byline: CHANTELLE BENJAMIN Marketers put their faith in brand religion Research shows religious beliefs are no longer 'forbidden ground' Media Editor RESEARCH shows religion sells products, and companies should make sure they are not missing...

Soon SARS will need nothing more than a taxpayer's signature.
November 13, 2009... Byline: SANCHIA TEMKIN Soon SARS will need nothing more than a taxpayer's signature Professional Services Editor TAXPAYERS in SA can expect to have their tax returns completed by the South African Revenue Service (SARS) in the near future. ...

SA, Brazil seek faster ways to solve trade problems.
November 13, 2009... Byline: CHARLOTTE MATHEWS SA, Brazil seek faster ways to solve trade problems Trade and Industry Editor SA AND Brazil had agreed to set up mechanisms to fast-track solutions to agricultural disputes constraining trade between the two...

Zuma admits SA's crime is most violent.
November 13, 2009... Byline: WYNDHAM HARTLEY Zuma admits SA's crime is most violent President takes different line from Mbeki in National Assembly, defending planned change to law on lethal force Parliamentary Editor CAPE TOWN President Jacob Zuma yesterday...

Mbalula says civilian deaths are 'unavoidable'.
November 13, 2009... Byline: WYNDHAM HARTLEY Mbalula says civilian deaths are 'unavoidable' CAPE TOWN An unapologetic Deputy Police Minister Fikile Mbalula has defended his and other ministers' statements of shoot to kill and said it was unavoidable that...

ANC fails to get votes to fill intelligence post.
November 13, 2009... Byline: WYNDHAM HARTLEY ANC fails to get votes to fill intelligence post CAPE TOWN The ruling African National Congress (ANC) yesterday came face to face with the consequences of not having a two-thirds majority when it fell more than 30...

Ambassador to Portugal is frontrunner for top job at SA Tourism.
November 13, 2009... Byline: JULIUS BAUMANN Ambassador to Portugal is frontrunner for top job at SA Tourism Aviation and Tourism Editor TOURISM Minister Marthinus van Schalkwyk is expected to name a new CEO of marketing agency SA Tourism before the end of the...

Union takes affirmative action to court.
November 13, 2009... Byline: FRANNY RABKIN Union takes affirmative action to court Solidarity tackles cases where white employees claim they were prejudiced in police, correctional services Staff Writer TRADE union Solidarity will challenge the implementation of...

UK drugs report on Agliotti went 'missing' in office.
November 13, 2009... Byline: ERNEST MABUZA UK drugs report on Agliotti went 'missing' in office Legal Affairs Correspondent A REPORT from UK authorities on the activities of Glenn Agliotti since convicted of drug dealing disappeared from a police office in 2006,...

The Third Umpire. In: Acting Eskom chairman Mpho Makwana.
November 13, 2009... Acting Eskom chairman Mpho Makwana. Apparently, under immense pressure from the state, Makwana and his board should be commended for sticking to their guns on CE Jacob Maroga.

The Third Umpire. Out: Armscor CEO Sipho Thomo.
November 13, 2009... Armscor CEO Sipho Thomo. Like a tin-pot dictator in a corrupt African state, he's clinging to power at Armscor, despite his abject failure in the job and demands for his resignation.

The Third Umpire. In: Home affairs director-general Mavuso Msimang.
November 13, 2009... Home affairs director-general Mavuso Msimang. Many good things are happening at home affairs, we hear. Now we can add to the list plans to make it easier for skilled foreigners to work in SA.

Selections.
November 13, 2009... 1st Race: (8) Rolling Clouds (9) Coldkentuckyrain (7) Midnight Charger (15) Night Star 2nd Race: (2) Galileo's Galaxy (1) Galanthus (4) Boylan Blaze (3) Mabhalane 3rd Race: (1) Foxy Blonde (2) Zodwa (7) Salutation (3) Mahhala 4th Race: (4)...

Boks out to change luck with France.
November 13, 2009... Byline: Zeena Isaacs Boks out to change luck with France Win will give them confidence to finish tour unbeaten ZEENA ISAACS Rugby Correspondent TWELVE years of bad luck against France at home coupled with the motivation of building on a...

Barnard Jacobs Mellet.
November 13, 2009... BARNARD JACOBS MELLET Half-year 2009 2008 Sales (Rm) 227,2 251,9. Pretax (Rm) 15,8 17,8. . Net Income (Rm) 10,79 7,68. Headline EPS 12,5c 10,9c. Dividend PS 3c 0

Investors show 'aversion for the long term'.
November 13, 2009... Byline: Edward West Investors show 'aversion for the long term' BJM reports 'pleasing' six-month results, but outlook stays mixed EDWARD WEST Finance Editor BARNARD Jacobs Mellet Group (BJM), the financial services and stock broking company,...

Blyvoor to get judicial manager.
November 13, 2009... Byline: Bheki Mpofu Blyvoor to get judicial manager BHEKI MPOFU Resources Editor MINER DRDGold said yesterday its high court application for a judicial management order over the company's 74%-owned Blyvooruitzicht operation had been granted,...

BUSINESS CONNEXION.
November 13, 2009... BUSINESS CONNEXION: Annual 2009 2008. Rev (Rbn) 5,49 4,11. Pretax (Rm) 185 212. Net Income (Rm) 104 128. Headline EPS 37,5c 45,1c. Dividend PS 18c 18c

Business Connexion ready to put revitalisation behind.
November 13, 2009... Byline: LESLEY STONES Business Connexion ready to put revitalisation behind Cost of revamp seen in earnings, but new contracts are coming in Information Technology Editor A R100m revitalisation programme to overhaul Business Connexion will...

SA-Zimbabwe treaty 'excludes expropriated farms'.
November 13, 2009... Byline: Charlotte Mathews SA-Zimbabwe treaty 'excludes expropriated farms' CHARLOTTE MATHEWS Trade and Industry Editor THE compromise clause in the bilateral investment agreement between Zimbabwe and SA, due to be signed in Harare on November...

Firms 'must be ready for new dividends tax'.
November 13, 2009... Byline: Sanchia Temkin Firms 'must be ready for new dividends tax' SANCHIA TEMKIN Professional Services Editor COMPANIES need to get to grips with the proposed new dividends tax without delay. The new dividend tax system contains many...

The truth is that not everyone is good enough to be in the game.
November 13, 2009... Byline: Michel Pireu StreetDogs The truth is that not everyone is good enough to be in the game CHILDREN do badly at school and go on to do poorly in life, it is sometimes said, because they lack self-esteem. But what is self-esteem? The...

JSE fines Huge directors R5m.
November 13, 2009... Byline: Lesley Stones JSE fines Huge directors R5m Controversial shares and futures deal required shareholder approval, exchange insists LESLEY STONES Information Technology Editor TWO directors of the Huge Group who sold their own private...

Cellphone operators need to get savvy to thrive in Africa.
November 13, 2009... Byline: Lesley Stones Cellphone operators need to get savvy to thrive in Africa As competition intensifies, survival skills will include sharing networks, and offering relevant content and services, writes AFRICAN cellular network operators...

Short cuts do not work.
November 13, 2009... Byline: Barry Ross Short cuts do not work The Eskom leadership debacle, the latest in a long line of similar national embarrassments, could have been avoided. I foresee another mess brewing at Armscor that will cost taxpayers millions in...

Taiwan shows the way.
November 13, 2009... Byline: Greg Lishman Taiwan shows the way Environment Minister Buyelwa Sonjica recently announced that SA won't accept any binding emission reduction targets at the United Nations-sponsored climate change conference in Copenhagen next month....

Zuma and Hogan not ambivalent.
November 13, 2009... Byline: Sandile Memela Zuma and Hogan not ambivalent The government of this country knows how to exercise exemplary democracy and uphold freedom of choice. It is untrue that it has shown an ambivalent face when it comes to the...

No flaw in firearms law.
November 13, 2009... Byline: Natalie Jaynes No flaw in firearms law In your editorial (Unnecessary arms reprieve, November 10) erroneous statements were made about the Firearms Control Act (FCA). This editorial, which refers to the FCA as a deeply flawed piece of...

Devil is in the detail.
November 13, 2009... Byline: Peter Leon Devil is in the detail Although it's obviously welcome news for South African investors in Zimbabwe that the long-delayed SA-Zimbabwe bilateral investment treaty is finally due to be signed in Zimbabwe on November 27, the...

Wanted is a tonic.
November 13, 2009... Byline: G Graser Wanted is a tonic Thank you very much for the lovely monthly magazine Wanted. It is a credit to you and the editor the quality is excellent as are the articles. Just the lift we need in these anxious times. Congratulations!...

Nafcoc founder urges unity.
November 13, 2009... Byline: Luphert Chilwane Nafcoc founder urges unity LUPHERT CHILWANE General Reporter THE leadership dispute at the National African Federated Chamber of Commerce and Industry (Nafcoc) would discourage black business development and detract...

Apartment 'village' in vibrant city centre.
November 13, 2009... Byline: Madden Cole Apartment 'village' in vibrant city centre Complex of 351 units near Newtown and Park Station is fully let and brings in R4,5m a year A COMPLEX of 351 fully let apartments close to the Newtown precinct and the Johannesburg...

Premium tops list of SA property companies.
November 13, 2009... Byline: Thabang Mokopanele Premium tops list of SA property companies THABANG MOKOPANELE Property Editor JSE-listed Premium Properties is leading the pack as the best-performing property company, returning 29,9% to shareholders for the year...

Sanlam does deals in UK and Australia.
November 13, 2009... Byline: Edward West Sanlam does deals in UK and Australia EDWARD WEST Finance Editor FINANCIAL services group Sanlam said yesterday it had done two new international investment management deals an acquisition in the UK and the formation of a...

Africa's first sustainable fund launched.
November 13, 2009... Byline: Jocelyn Newmarch Africa's first sustainable fund launched JOCELYN NEWMARCH Infrastructure and Environment Correspondent SUSTAINABLE Capital, an asset manager based in Mauritius, last week launched Africa's first sustainable investment...

Klipwal mine a 'perfect deal' for junior company.
November 13, 2009... Byline: Madden Cole Klipwal mine a 'perfect deal' for junior company There is significant exploration potential, say owners VAN's Auctioneers Mpumalanga will take the Klipwal Gold Mine, situated between Piet Retief and Pongola in northern...

Companies need to be accountable.
November 13, 2009... Byline: David Jackson GOOD CORPORATE GOVERNANCE Companies need to be accountable One of the factors leading to the global economic crisis was sub-standard corporate governance In the current difficult trading environment particularly taking...

FNB Namibia wins for fourth time.
November 13, 2009... Byline: David Jackson FNB Namibia wins for fourth time Fourth-time regional award winner FNB Namibia says that as a financial service provider entrusted by depositors, investors and policy holders, it regards transparency of utmost...

Top honours for Ashanti.
November 13, 2009... Byline: David Jackson REPORTING AS IT SHOULD BE Top honours for Ashanti AngloGold Ashanti and Sasol prove reporting is of winning standard, writes AngloGold Ashanti has excelled in this year's Chartered Secretaries and JSE annual awards for...

Awards ensure high standards.
November 13, 2009... Byline: David Jackson Awards ensure high standards Historically disadvantaged trainees are being upskilled as plumbers and solar installation specialists one of the innovative projects in which this year's Small Cap category winner...

How Group 5 succeeded in winning mid category.
November 13, 2009... Byline: David Jackson How Group 5 succeeded in winning mid category Improved disclosure has been a key focus for Group 5, this year's Chartered Secretaries/JSE awards winner in the Medium Cap category. Company CFO, Cristina Teixeira, points...

Governance specialists.
November 13, 2009... Byline: David Jackson COMPANY WATCHDOG Governance specialists Relevance in changing times The Chartered Secretaries of Southern Africa are positioning themselves going forward as South Africa's governance specialists. The institute's...