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March 2014
Alarming skills shortage not being addressed

In the face of significant job losses in January 2014, highly skilled professions stood out as being the only sector in which new jobs were created. However, Loane Sharp, labour market economist at Adcorp, states that...

Tuesday, April 29, 2014 - 10:53
Usual trend

Wits University scientists have debunked two big myths around climate change by proving firstly, that despite predictions, tropical storms are not increasing in number. However, they are shifting, and South Africa...

Monday, March 31, 2014 - 02:16
Chain reaction

For the residential property market, the Reserve Bank’s decision to increase interest rates is seen as negative for growth in demand, and is thus likely to have a containing impact on house price growth. “All bets are...

Saturday, March 29, 2014 - 16:06
Global perspective

Alexander Forbes Insurance forecasts an increase in weather-related insurance claims. Extreme weather and natural disasters in the last three years have resulted in some of the costliest years for insurers and their...

Saturday, March 29, 2014 - 15:56
Neotoxic challenge

The synthetic chemicals used in the packaging, storage, and processing of foodstuffs might be harmful to human health over the long term, warn environmental scientists in a commentary in the Journal of Epidemiology...

Friday, March 28, 2014 - 02:16
Projecting income

The Alexander Forbes Pensions Index showed steady improvement over 2013. According to John Anderson, Managing Director: Research and Product Development at Alexander Forbes, the Pensions Index has shown that members...

Wednesday, March 26, 2014 - 02:16
Navigating 2014

The volatile start to the year for both local and global markets, fuelled by the US Federal Reserve ‘tapering’ its policy of economic stimulation, highlights the challenges investors are likely to face in 2014....

Tuesday, March 25, 2014 - 02:16
Lacking skills

South African auditor general Thembekile Kimi Makwetu announced on 5th February 2014 that Government entities racked up more than R2 billion in “wasteful expenditure” in the past financial year, incurring another R26....

Monday, March 24, 2014 - 02:16
For whom the e-tolls

The levying of tolls for the use of certain highways in Gauteng, the so called “e-tolls”, took effect on 3rd December 2013. It is therefore appropriate to consider the income tax consequences arising from the payment...

Friday, March 21, 2014 - 02:16
West the best…

The 2014 edition of Aon’s Terrorism and Political Violence Map was issued on 28th January 2014. What is of particular interest is the Soccer World Cup in Brazil and the Winter Olympics in Russia, which are both being...

Thursday, March 20, 2014 - 02:16
Playing it safe

With the rapidly declining cost globally of Photovoltaic generated electricity, independence from energy suppliers though the use of this technology is likely to become a favourable option for both businesses and home...

Wednesday, March 19, 2014 - 02:16
PV solution

Fracking the Karoo for natural gas may not be the solution to South Africa’s electricity shortfall. The so-called energy boom, which fracking could potentially bring to the economy, if given the go-ahead, is likely to...

Tuesday, March 18, 2014 - 02:16
Stop messing around

The cost of petrol in Australia is currently Aus $1.45 per litre. At the ruling exchange rate, that is R14.41/l. Our petrol went up 32c/l Wednesday, 5th February 2014 to R14.20 so, on that basis our fuel is cheaper....

Monday, March 17, 2014 - 16:18
Bit of a problem

The amended Broad-Based Black Economic Empowerment (B-BBEE) Codes published on 11th October 2013 will prove problematic to the current BBBEE status of many South African businesses. This is according to John Botha,...

Monday, March 17, 2014 - 13:15
Worsening conditions

Last year saw a significant increase in the number and value of credit insurance claims received by Coface South Africa year on year, according to Gerhard Buitendag, collections manager of Coface South Africa....

Monday, March 17, 2014 - 11:57
Start thinking now

“Proposed changes to insurance accounting standard must be tackled as a board level issue,” says Mark Danckwerts, Partner, Financial Services – Insurance at KPMG. These proposed changes to the accounting standard are...

Monday, March 17, 2014 - 02:16
Cheap in rands

Citadel believes that global equities, particularly those in emerging markets, are currently the most attractive investment opportunity for South African investors, while both local and global bonds are presenting...

Friday, March 14, 2014 - 02:16
It’s a plastic world…

All plastic bottles should carry the industry logo on their underside indicating the type of hydro-carbon material used in their manufacturer. There should be a ring of chasing arrows surrounding a number (see diagram...

Thursday, March 13, 2014 - 02:16
Discover the method

In terms of Prescribed Minimum Benefits (PMB) medical aids must provide medicines for chronic patients with no limitations, or additional charges, as measured against a set list of prices. If a prescribed medication...

Wednesday, March 12, 2014 - 02:16
Time is ripe

Online trading platform, Sanlam iTrade, has launched a new offering which allows South Africans to trade on all major global markets – including Wall Street, the Nasdaq 100, Australia and Brazil. The service is...

Tuesday, March 11, 2014 - 02:16
Avoiding illegal hasty decisions

There is an old adage that says “justice delayed is justice denied”. Can the same be said of infrastructure development; is infrastructure delayed infrastructure denied?

Comments Patrick Forbes a...

Monday, March 10, 2014 - 02:16
Perils of neglect

Although health and illness are part of the package of life, we can aim to be more proactive about looking after our health, especially when it comes to taking preventative measures against a disease like cancer....

Monday, March 10, 2014 - 02:16
Doctor’s view

For the average person, cancer is a word that conjures up fear. A common misconception is that cancer is a death sentence. However, staff members at Netcare Kingsway Hospital's oncology unit are determined to show...

Friday, March 7, 2014 - 03:16
Controlling cost

Interest rates may have recently increased 0.5%, but they remain extremely low, providing a golden opportunity for car buyers to fix the rate on their new finance contract and guard against future increases, says...

Thursday, March 6, 2014 - 03:16
The Power of Patience

So you have your eye on a shiny new bicycle. You can already see yourself taking to the streets on that glamorous new set of wheels. But stop for a second and imagine a whole different picture. Instead, see yourself...

Wednesday, March 5, 2014 - 11:37
Only choice: to pay or not to pay

MultiChoice has announced it will raise the cost of DStv on 1st April 2014, and subscribers are very unhappy. It is not just the price increases for most of the packages; it is the limited choice, despite the name. I...

Wednesday, March 5, 2014 - 03:16
Digital piracy

Treasury has published new electronic services regulations, detailing which digital products and services will be subject to 14% VAT from 1st April 2014. The regulations were published by Finance Minister Pravin...

Tuesday, March 4, 2014 - 16:25
Wait for Gibraltar

MMI Holdings Limited (MMI) received the Competition Tribunal‘s unconditional approval to acquire specialist insurer Guardrisk.

The transaction was first announced in November 2013 when MMI, a JSE-listed...

Tuesday, March 4, 2014 - 16:24
Foreigners drive trends

Being nearly as urbanised as China, Africa has more than 50 cities with in excess of one million inhabitants. The region proved extremely resilient through the financial downturn, with 2013 being a particularly good...

Monday, March 3, 2014 - 14:01
Benefit of hindsight

Momentum Wealth has launched a new investment called the Global Growth Allocator that allows clients to invest with the benefit of hindsight. This means it is only decided what percentage is allocated to each of the...

Monday, March 3, 2014 - 14:00
New lobby era

Members of the Principal Officers Association (POA) have voted overwhelmingly in favour of “transformation” at a Special General Meeting held in Sandton early February. The conversion of the POA into the Batseta...

Monday, March 3, 2014 - 13:59
Direct responsibility

Far-reaching new legislation has been introduced that will make non-payment of retirement fund contributions by employers a criminal offence, punishable by a fine of up to R10 million and/or imprisonment of up to 10...