Business Day (South Africa) articles from November 2010

Business Day (South Africa) archives from November 2010

Do business careers also end in failure?
November 30, 2010... Byline: Lucy Kellaway WHAT'S THE STORY? Do business careers also end in failure? nearly all business careers end in failure. They can end in big, spectacular failure or they can end in little anonymous failure, writes I AM a successful...

Size of Clover's share issue tests the limits.
November 30, 2010... Byline: Dave Marrs THE BOTTOM LINE COLUMN Size of Clover's share issue tests the limits WIZENED old-timers of investing tend to warn their clients against taking a punt on anything associated with agriculture because, along with all the...

Cricket. Rankings.
November 30, 2010... Rankings BATSMEN Rank (+/-) Player Team Points Ave 1 (+1) K Sangakkara SL 882 57.25 2 (-1) Sachin Tendulkar Ind 859 56.55 3 ( - ) Virender Sehwag Ind 850 54.71 4 ( - ) Jacques Kallis SA 806 55.84 5 (+8) AB de Villiers SA 793 47.78 6 ( - ) S...

JJ The Jet Plane touches down for Rocket Man clash.
November 30, 2010... Byline: David Mollett JJ The Jet Plane touches down for Rocket Man clash DAVID MOLLETT Racing Editor JJ THE Jet Plane has arrived safely in Hong Kong as he prepares for his clash with Singapore champion Rocket Man and other top speed...

Some investment advice from an American hedge fund legend.
November 30, 2010... Byline: Michel Pireu StreetDogs Some investment advice from an American hedge fund legend MICHAEL Steinhardt is an American hedge fund legend. Here is some of his advice to investors: Make your living doing something you enjoy. That way, you...

The Insider.
November 30, 2010... How to be thrifty, while not seeming cheap WHILE it's a good idea to save money when times are tough, one doesn't want to look cheap while doing it. Yahoo Finance has published a list to make you look as if you have a bit of class while you...

Watch out for the WikiLeaks recoil.
November 30, 2010... Watch out for the WikiLeaks recoil YESTERDAY saw an extraordinary media event, which oddly did not seem to live up to its billing. A trove of 250000 cables sent by US diplomats were published by the website, WikiLeaks, but often they seemed to...

Risk of even more paralysis.
November 30, 2010... Risk of even more paralysis ONE of the main challenges the government has faced since President Jacob Zuma came to power is policy paralysis, a natural consequence of the disunity in the tripartite alliance. This was particularly evident during...

Arts & Leisure. On the Stage.
November 30, 2010... Byline: CHRISTINA KENNEDY and TAMMY BALLANTYNE On the Stage CHRISTINA KENNEDY IT'S not just the season to be jolly but to be silly too; consequently theatre managements are being careful to avoid staging anything that's too & serious&...

Wal-Mart sets February date for Massmart.
November 30, 2010... Byline: Michael Bleby Wal-Mart sets February date for Massmart Shareholders to vote on 51% stake MICHAEL BLEBY Retail Industries Editor WAL-Mart wants to conclude its purchase of Massmart by February 21, provided the regulatory process is...

Massmart to speed up roll-out of fresh food.
November 30, 2010... Byline: Michael Bleby Massmart to speed up roll-out of fresh food MICHAEL BLEBY WAL-Mart will speed up Massmart's expansion of its retail food operation, the CEO of the local company, Grant Pattison, said. & Massmart has a strong food...

Be grateful for the geek bearing gifts.
November 30, 2010... Byline: Penny Haw Be grateful for the geek bearing gifts RLabs uses technology for rehabilitation, writes EVERY so often one is reminded of the huge effect a single decision can have on a life. It is as cleric and author Frederick Speakman...

Erotic pictures can arouse your inner psychic.
November 30, 2010... Byline: SARAH WILD Erotic pictures can arouse your inner psychic IT's a sad day when science admits the existence of the esoteric. Through a series of experiments, a Cornell University scientist has proven that & psi anomalies& do...

Igesund takes over to help Birds learn to fly again.
November 30, 2010... Byline: Mninawa Ntloko Igesund takes over to help Birds learn to fly again MNINAWA NTLOKO Sports Editor SOUTH African football's worst-kept secret was finally confirmed when well-travelled coach Gordon Igesund was confirmed as the new Moroka...

A year after Climategate, the corruption of science persists.
November 30, 2010... Byline: Andrew Kenny Climate change A year after Climategate, the corruption of science persists IT IS a year since the so-called Climategate e-mails were leaked. Since then, we have had freezing winters in Europe and the US, and revelations...

ANC rule has again made serfs out of coloureds.
November 30, 2010... Byline: Rhoda Kadalie ANC rule has again made serfs out of coloureds THE shell middens and fish traps of the Khoisan, who subsisted on the sea for millennia, can be found along the Cape coast, and their descendants have subsisted on the sea...

Wage-cap proposal is ideology, not economics.
November 30, 2010... Byline: Mariam Isa Wage-cap proposal is ideology, not economics 'Even countries that aspire to socialism, such as Sweden, do not cap wages. They simply raise taxes for the wealthy' NOTHING prompted more snorts of laughter than the proposal to...

DA wins partial relief in Cape toilets saga.
November 30, 2010... Byline: BEKEZELA PHAKATHI DA wins partial relief in Cape toilets saga Contributing Writer CAPE TOWN The infamous & toilet without walls& saga was partly resolved yesterday, when the Cape High Court ordered the toilets be returned to...

Patel's split of Pioneer fine illegal Treasury.
November 30, 2010... Byline: Michael Bleby Patel's split of Pioneer fine illegal Treasury Lawyers step in as proxy battle over R855m penalty turns nasty MICHAEL BLEBY Retail Industries Editor THE proxy battle being waged at the Competition Tribunal between the...

Maximum penalty for concrete cartel.
November 30, 2010... Byline: Mark Allix Maximum penalty for concrete cartel Fine calculated on firms' total turnover MARK ALLIX Industrial Correspondent THE Competition Tribunal has levied the maximum possible fine on a member of a cartel in the concrete pipes...

Confidence in building industry returning.
November 30, 2010... Byline: THABANG MOKOPANELE Confidence in building industry returning Property Editor THE building industry, which took a tumble during the economic recession, is slowly starting to recover. The First National Bank-Bureau for Economic Research...

Borrowing picks up less than expected.
November 30, 2010... Byline: MARIAM ISA Borrowing picks up less than expected Economics Editor BORROWING by households and companies picked up last month, but not enough to suggest that the economy was growing at a robust pace, official data showed yesterday. ...

Finally, a way to make a living from the land.
November 30, 2010... Byline: Hopewell Radebe Finally, a way to make a living from the land After years of failure, a community turns to a tried and tested model, writes LAND claims beneficiaries in one of the country's poorest regions, Bushbuckridge in Limpopo,...

Credit card fraud falls, debit cards a growing risk.
November 30, 2010... Byline: SURE KAMHUNGA Credit card fraud falls, debit cards a growing risk Financial Services Editor THE banking sector yesterday reported a 36% drop in financial losses from credit card fraud, but warned that criminals remain undeterred...

Comair fills SAA flight gap.
November 30, 2010... Byline: JULIUS BAUMANN Comair fills SAA flight gap Transport and Tourism Editor BRITISH Airways has stepped into the gap left by South African Airways (SAA) when SAA pulled its flights between Cape Town and Durban last month. Comair said...

'Kill the boer' ban goes too far, says ANC.
November 30, 2010... Byline: FRANNY RABKIN 'Kill the boer' ban goes too far, says ANC Law and Constitution Writer THE African National Congress (ANC) was not seeking to use the words & dubul'ibhunu& judged by a court to mean & kill the boer/white...

Child rights groups challenge laws on sex.
November 30, 2010... Byline: FRANNY RABKIN Child rights groups challenge laws on sex LAWS that make consensual sex between teenagers a crime are unconstitutional, the Teddy Bear Clinic, and Resources Aimed at the Prevention of Child Abuse and Neglect (Rapcan)...

ANC in Gauteng fight over local election list.
November 30, 2010... Byline: SIBONGAKONKE SHOBA ANC in Gauteng fight over local election list Deputy Political Editor JOSTLING for positions, created by new ward demarcations, is delaying the African National Congress's (ANC's) local government candidate...

SABC's moonlighting staff in the spotlight.
November 30, 2010... Byline: CHANTELLE BENJAMIN SABC's moonlighting staff in the spotlight Media Editor THE number of SABC employees with outside business interests is higher than that discovered by the auditor-general last year. Parliament appears concerned that...

Mine killings 'justified'.
November 30, 2010... Byline: NICKOLAUS BAUER Mine killings 'justified' BRAD Wood was granted bail of R15000 yesterday for his alleged role in the deaths of four illegal miners at an Aurora mine. Mr Wood and four others face murder charges after four illegal...

Lobby group hails new textbook plan.
November 30, 2010... Byline: SUE BLAINE Lobby group hails new textbook plan Education Editor IT IS encouraging that the Department of Basic Education is considering centralising the procurement of school textbooks to save costs, says Brad Brockman, a researcher...

Court dismisses Motata's appeal.
November 30, 2010... Byline: ERNEST MABUZA Court dismisses Motata's appeal Legal Affairs Correspondent THE South Gauteng High Court yesterday dismissed an appeal by Judge Nkola Motata against his conviction for drunken driving and said it found it improbable that...

New system to help track AIDS patients.
November 30, 2010... Byline: TAMAR KAHN New system to help track AIDS patients Science and Health Editor CAPE TOWN The Department of Health is introducing an electronic management system for people who take AIDS drugs, which should dramatically improve its...

The Third Umpire. Out: Sasol CE Pat Davies. That he earned more than R20m last year despite Sasol's poor performance is unsavoury, and the timing makes the New Growth Path call for salary restraint look unnervingly sensible.
November 30, 2010... Sasol CE Pat Davies. That he earned more than R20m last year despite Sasol's poor performance is unsavoury, and the timing makes the New Growth Path call for salary restraint look unnervingly sensible.

The Third Umpire. In: Maputo Corridor Logistics Initiative CEO Brenda Horne whose success with the SA-Mozambique corridor will see her heading up an institution to oversee similar corridors in sub-Saharan Africa.
November 30, 2010... Maputo Corridor Logistics Initiative CEO Brenda Horne whose success with the SA-Mozambique corridor will see her heading up an institution to oversee similar corridors in sub-Saharan Africa.

The Third Umpire. In: Wikileaks. Its leaks about "every major issue in every country of the world" have confirmed suspicions that despotic leaders are not very nice. Knowing you were right all along is smugly satisfying.
November 30, 2010... Wikileaks. Its leaks about & every major issue in every country of the world& have confirmed suspicions that despotic leaders are not very nice. Knowing you were right all along is smugly satisfying.

Selections.
November 30, 2010... 1st Race: (4) Head For Hilton (2) Crispian's Day (3) Siber Centenary (9) Crowned Prince 2nd Race: (3) Rajinsky (1) Swift Lady (2) National Danzig (11) Leda 3rd Race: (4) Victory Serenade (3) Winning Wild (1) Sizzling Guy (2) Ilikethewayumove 4th...

Dedicated cricket fans need to care about the Ashes.
November 30, 2010... Byline: Telford Vice Dedicated cricket fans need to care about the Ashes IF YOU'RE a cricket person, you're not allowed to not care about the Ashes. You don't have to care which individuals excel or flop, or even which team wins (although you...

ABB wins $43m Kusile contract.
November 30, 2010... Byline: Siseko Njobeni ABB wins $43m Kusile contract SISEKO NJOBENI Energy Affairs Editor POWER and automation group ABB has won a $43m contract from Eskom to supply equipment for the new Kusile coal-fired power station, ABB said yesterday....

Alexander Forbes says interim results solid but below growth target.
November 30, 2010... Byline: SURE KAMHUNGA Alexander Forbes says interim results solid but below growth target ALEXANDER Forbes yesterday reported generally flat results for the six months to September, with mixed performance in its core local and international...

Development Bank lending plummets.
November 30, 2010... Byline: SURE KAMHUNGA Development Bank lending plummets Financial Services Editor THE Development Bank of Southern Africa has not escaped the tough economic environment, as is reflected in the decline in its disbursement of loans and in its...

CoAL seeks partner for 2-billion ton project.
November 30, 2010... Byline: ALLAN SECCOMBE CoAL seeks partner for 2-billion ton project Resources Editor COAL of Africa (CoAL) may look for a partner to help it develop nearly 2-billion tons of thermal and coking coal resources after concluding a $75m deal to...

Deloitte sets sights on fast African growth.
November 30, 2010... Byline: Sanchia Temkin Deloitte sets sights on fast African growth SANCHIA TEMKIN Professional Services Editor AUDIT, tax and business advisory firm Deloitte has ambitious plans to expand its capabilities in Africa to serve clients, hire new...

Growth plan is silent on key issues.
November 30, 2010... Byline: Danie Joubert Growth plan is silent on key issues Economic Development Minister Ebrahim Patel's New Growth Path document released for comment to the important structures of society last week inspired a flood of comments. Suffice to...

Rejoice in lower rates.
November 30, 2010... Byline: Andre Heydenrych Rejoice in lower rates The recent lowering of interest rates by the Reserve Bank has again led to the usual comments that this would reduce the income of those dependent upon interest-bearing investments. Although...

Euro discipline needed.
November 30, 2010... Byline: RV Stone Euro discipline needed The Greeks, Irish, Portuguese and Spaniards have been living for years off a free lunch of expansionist policies based on excessive budget deficits, while the German economy has been managed with the...

Advert is in bad taste.
November 30, 2010... Byline: David Winckler Advert is in bad taste Perhaps it sounds old fashioned and prudish, but I think that the Fedhealth & nude pregnancy& advert is inappropriate and in poor taste for an upmarket publication such as Business Day. ...

Plan is gobbledegook.
November 30, 2010... Byline: D Wolpert Plan is gobbledegook One need look no further than the total mess that government ministries, departments, municipalities and parastatals are in for absolute proof that, as Western Cape Premier Helen Zille said, the African...

New thinking needed.
November 30, 2010... Byline: Barry Ross New thinking needed I don't always agree with everything Aubrey Matshiqi writes, but his column (Sterile words won't get us the honey on the hill, November 29) makes a huge amount of sense. I have been guilty of criticising...

Drop steel barriers.
November 30, 2010... Byline: Tim Harris Drop steel barriers In a welcome case of & better late than never& the interministerial task team on iron ore and steel has reportedly completed their recommendations on steel pricing. I look forward to getting...

Clover comes of age with JSE listing.
November 30, 2010... Byline: Michael Bleby Clover comes of age with JSE listing MICHAEL BLEBY DAIRY company Clover will list on the JSE next month as it completes its transition from rural co-operative to branded consumer goods company. Clover, which traces...

Mvelaserve cuts umbilical cord with listing.
November 30, 2010... Byline: Mark Allix Mvelaserve cuts umbilical cord with listing MARK ALLIX Industrial Correspondent OUTSOURCED business support services group Mvelaserve made its debut yesterday on the Johannesburg Stock Exchange main board at R14,50. Mvela...

Nedbank prepares for uphill battle.
November 30, 2010... Byline: Sure Kamhunga Bank must revive retail unit in a crowded market, writes Nedbank prepares for uphill battle MIKE Brown, the CEO of Nedbank, is slowly making his presence felt at SA's fourth-largest bank as he assembles the building...

Protech's profit dips as rain and rivalry take toll.
November 30, 2010... Byline: Mark Allix Protech's profit dips as rain and rivalry take toll MARK ALLIX CIVIL engineering group Protech Khuthele saw its revenue increase appreciably as its profit fell in the six months to August in a fickle market. The company...

SES sees satellite potential in Africa.
November 30, 2010... Byline: THABISO MOCHIKO SES sees satellite potential in Africa Information Technology Editor LUXEMBOURG-based SES, the satellite provider that also owns 20% of new pay-TV company TopTV, yesterday reiterated its plans to expand in Africa with...

Winhold revenue exceeds R1bn for first time.
November 30, 2010... Byline: Edward West Winhold revenue exceeds R1bn for first time EDWARD WEST KwaZulu-Natal Editor WINHOLD, the holding company of plastic sheet and packaging maker Gundle and steel mining and industrial consumables company Inmins, says revenue...

Businesses should avoid currency risk.
November 30, 2010... Byline: Andrew Gillingham Businesses should avoid currency risk WHILE there are multiple bases for addressing the risk relating to forex fluctuation, in a South African context forex rate fluctuations can be uncertain as they are often not...

Short-term forex cover is attracting investor interest.
November 30, 2010... Byline: Andrew Gillingham Short-term forex cover is attracting investor interest Even financial experts are having difficulty in predicting the future direction of the rand/dollar exchange rate, writes ANDREW GILLINGHAM AS THE rand has been...

Capital inflows assessed.
November 30, 2010... Byline: Andrew Gillingham Capital inflows assessed THE rand, in its role as a benchmark emerging-market currency, has been particularly affected by the dislocations playing out in global financial markets. Further, Andrew Gillespie, MD of...

Brainwashed victims.
November 30, 2010... Byline: Adrian Louw Brainwashed victims With reference to your Second Take from the New York Times (NRA legal action should fail, November 29). The National Rifle Association stands accused of undermining public safety because it tries to...

Flirtation's win gives the bookies a 'skinner'.
November 29, 2010... Byline: David Mollett Flirtation's win gives the bookies a 'skinner' DAVID MOLLETT Racing Editor TRAVEL agents will be busy today as bookmakers' wives plan expensive holidays following the shock win of 25-1 chance, Flirtation, in Saturday's...

THOSE of you who regularly read my column in this newspaper, or tune in to my radio show, will know me to be a reasonably conservative adviser who likes to keep things simple. I have been thinking more and more about.(Column)
November 29, 2010... Byline: Tlou Legodi Financial planners give peace of mind, creating simplicity out of complexity THOSE of you who regularly read my column in this newspaper, or tune in to my radio show, will know me to be a reasonably conservative adviser...

Boks' brutal victory does not erase record of past year.
November 29, 2010... Byline: Mark Keohane Boks' brutal victory does not erase record of past year ENGLAND turned to classical music as further evidence of their evolution as a team when on this particular Saturday they really needed old-fashioned and...

Crucial CD Collection.
November 29, 2010... Byline: RICHARD HASLOP Crucial CD Collection THERE was a point, during the early 1970s, once it seemed that Peter Green might irreversibly have lost his mind and Eric Clapton his taste, that I would answer Rory Gallagher to the all-important...

Digital age needs a new approach.
November 29, 2010... Digital age needs a new approach For teenagers, the focus must be on education TWO incidents that played out in SA's media last week highlight the dynamic nature of technology and the need for us to adapt our legal and social responses to ensure...

Short, frantic, and not that insightful.
November 29, 2010... Byline: Gary Cummiskey Short, frantic, and not that insightful Misadventures of a COPE Volunteer: My Crash Course in Politics Michiel le Roux Tafelberg CONSIDERING the leadership battles that continue to wrack the Congress of the People...

Interviews - Lee Doig ; Telling stories in high definition.
November 29, 2010... Byline: Doug Gordon Telling stories in high definition The big prize was getting onto Survivor, writes MAKING prime time TV programmes is a billion-dollar business. Camera operators lead the production line from war zones to exotic game-show...

Cheat at your peril, for the cameras are rolling.
November 29, 2010... Byline: KATY CHANCE Cheat at your peril, for the cameras are rolling THIS programme is both dedicated to the faithful and presented to the false-hearted to encourage their renewal of temperance and virtue.& Not part of the introduction to...

Fanteni still hopes for Bafana call-up.
November 29, 2010... Byline: Mninawa Ntloko Fanteni still hopes for Bafana call-up MNINAWA NTLOKO Sports Editor HE MAY be slowly fading from the Bafana Bafana radar but Ajax Cape Town striker Thembinkosi Fanteni has not given up hopes of reclaiming his place in...

Reformed GEAR won't bring goose that lays golden egg.
November 29, 2010... Byline: Frans Baleni New Growth Path Reformed GEAR won't bring goose that lays golden egg SA's previously disadvantaged and disenfranchised masses got their political freedom in 1994 with high hopes that economic freedom would follow soon...

Sterile words won't get us to the honey on the hill.
November 29, 2010... Byline: Aubrey Matshiqi Sterile words won't get us to the honey on the hill IN MY previous life, I was a political education officer in one of the biggest zones of the African National Congress (ANC). After conducting a few workshops on...

SA is not a Bric, despite its similarities to Brazil.
November 29, 2010... Byline: Graham Bell SA is not a Bric, despite its similarities to Brazil 'Since democracy in SA (1994), Brazilian and SA's GDP growth rates have both averaged about 3,3%' IS SA a Bric? The straight answer is no. Brazil, Russia, India and...

Patel plan divides SACP, Cosatu.
November 29, 2010... Byline: SIBONGAKONKE SHOBA Patel plan divides SACP, Cosatu Deputy Political Editor THE South African Communist Party (SACP) gave Economic Development Minister Ebrahim Patel's New Growth Path the thumbs-up yesterday, a few days after its ally,...

Former registrar of medical aid schemes in fraud probe.
November 29, 2010... Byline: TAMAR KAHN Former registrar of medical aid schemes in fraud probe Science and Health Editor CAPE TOWN The Council for Medical Schemes has asked the police's commercial crimes unit to investigate two former trustees of the Community...

Mugabe, Tsvangirai to resume meetings.
November 29, 2010... Byline: DUMISANI MULEYA Mugabe, Tsvangirai to resume meetings Harare ZIMBABWE's President Robert Mugabe and Prime Minister Morgan Tsvangirai have agreed to resume today their critical meetings that collapsed two months ago when they clashed...

Auditors-general 'must be free of interference'.
November 29, 2010... Byline: SANCHIA TEMKIN Auditors-general 'must be free of interference' Professional Services Editor AUDITORS-general from around the world said this weekend they should be independent and free from political interference, particularly in...

Sudan vote to dominate EU-Africa discussions.
November 29, 2010... Byline: LOYISO LANGENI Sudan vote to dominate EU-Africa discussions Trade and Diplomatic Correspondent THE upcoming referendum in Sudan is likely to dominate talks today during the third European Union (EU)-Africa Summit, being held in...

Unions fight Exxaro's retrenchment plan.
November 29, 2010... Byline: ALISTAIR ANDERSON Unions fight Exxaro's retrenchment plan Contributing Writer TRADE unions Solidarity and the National Union of Mineworkers (NUM) jointly declared a dispute on Friday with diversified South African-based resources...

Bread claim launched against Tiger.
November 29, 2010... Byline: TAMAR KAHN Bread claim launched against Tiger Science and Health Editor CAPE TOWN Lawyers for the Black Sash and its co-applicants served summons on food company Tiger Brands on Friday, taking them one step closer to what could become...

Cosatu will back Patel plan if GEAR is scrapped.
November 29, 2010... Byline: EDWARD WEST Cosatu will back Patel plan if GEAR is scrapped KwaZulu-Natal Editor THE Congress of South African Trade Unions (Cosatu) would accept the New Growth Path (NGP) released last week by Economic Development Minister Ebrahim...

Angloplat accused of stalling by community.
November 29, 2010... Byline: FRANNY RABKIN Angloplat accused of stalling by community Law and Constitution Writer LAST-minute court papers filed on Thursday by Angloplat's Potgietersrus Platinums were a & delaying tactic& said the Sekuruwe community on...

Reshuffle 'will harm delivery'.
November 29, 2010... Byline: LINDA ENSOR Reshuffle 'will harm delivery' Political Correspondent CAPE TOWN The long-awaited reshuffle of the Eastern Cape cabinet announced by Premier Noxolo Kiviet at the weekend had nothing to do with service delivery and...

University, BMF join forces to boost small business.
November 29, 2010... Byline: ALISTAIR ANDERSON University, BMF join forces to boost small business Contributing Writer THE Black Management Forum (BMF) announced last week it had joined forces with the University of Johannesburg's Centre for Small Business...

Single border facility for SA, Mozambique.
November 29, 2010... Byline: JULIUS BAUMANN Single border facility for SA, Mozambique Transport and Tourism Editor PLANS to create a one-stop border post between SA and Mozambique will advance with the opening of a single border post dedicated to the bus and taxi...