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- Alexander Forbes does 'the right thing'
Retirement fund administrator Alexander Forbes has made a "substantial" offer to resolve a R950-million claim against it for its role in the allegedly fraudulent stripping of surpluses of retirement funds in the 1990s, reducing the retirement benefits of thousands of members and pensioners. - Alexander Forbes's about-turn will go far in repairing its damaged reputation
Finally Alexander Forbes has come to its senses and, for the first time, has genuinely attempted to put its sordid past behind it. It is a puzzle why it has taken it so long to do what Edward Kieswetter, its new chief executive, says is "the right thing to do" . - FSB puts the squeeze on Orange over unpaid insurance claims
The Financial Services Board (FSB) came down hard on Orange Insurance this week, suspending the company's financial services provider (FSP) licence with immediate effect until its management can quantify the company's liabilities and settle all the outstanding claims against it. - Bonitas trustees hope to avoid curatorship
The principal officer of the country's third-largest medical scheme, the Bonitas Medical Fund, has resigned and its board of trustees is expected to offer to resign after the scheme became the subject of a court application to place it under curatorship following irregularities involving millions of rands of members' money.
- AngloPlat turns the corner
CEO Neville Nicolau reckons the operational turnaround at Anglo Platinum is sustainable and the market believes him, judging by analyst responses and the jump in the share price - Big house, better value
Bigger-sized homes have shed the least value in South Africas first recession in over a decade, according to data. - Households will drive upswing
Reacting to data showing a timid recovery in business confidence, economists say optimism will only improve once households up their consumption levels. - Randgold surges ahead
Randgold Resources has turned in a record year and forges ahead with growth projects as it aims for a one million ounce production level by 2013. - Absa may be drawn into SSF probe
The R1bn lawsuit against Nedbank arising from single stock future transactions in 2008 may also place Absa Capitals SSF activities back under scrutiny. - FNB to roll out PayPal
First National Bank is rumoured to be unhappy about a news leak that it is bringing PayPal to South Africa by April. - Bonitas contests curatorship
Bonitas principal officer Bafana Nkosi has left the ship while the fund is contesting the application for curatorship by the Council for Medical Schemes (CMS). - SA firms in shady Zim deals
SA companies, who allegedly conspired with the Zimbabwean minister of mining, have been accused of illegal activities. - Cold drink strike ends
A seven-week-long strike has ended at ABI, which produces Coke and Fanta, with workers accepting a salary increase of 8%. - Busa, govt to team up on climate
Business Unity South Africa and Water and Environmental Affairs Minister Buyelwa Sonjica have agreed to collaborate to meet national greenhouse gas targets, says Busa.
- SA best housing market over long-term
South Africa is the best performing housing market in the world over the longer-term, latest figures from British news magazine The Economist reveal. - PMI rises for sixth month in a row
The Kagiso Purchasing Managers Index (PMI) - which measures manufacturing activity - entered 2010 with a bang. - Govt, business to promote SA at Davos
Team South Africa - a partnership between the government and business - will use the World Economic Forum (WEF) in Davos to reassure global political and business leaders that it is ready to stage a successful 2010 Fifa World Cup, as well as position South Africa as the next big thing . The partnership also aims to drive dialogue on the African agenda and will be encouraging WEF delegates to look South for fresh solutions to a better world, by experiencing the magnitude of the country's trade and investment offerings. Represented in the partnership are the Presidency, IMC, Government Communication and Information Service, Business Leadership South Africa (BLSA), Discovery, Old Mutual, Absa, Telkom, Nedbank, MTN, Sasol, Investec, Transnet and First Rand. - Job losses in mining sector halted
The establishment of the Mining Industry Growth, Development and Employment Task Team (MIGDETT) has led to a mitigation of job losses in the mining industry from an initial estimated 100 000 to approximately 50 000. - Solid economic growth for SA in 2010?
Although likely to remain subdued in the opening months, there is a good chance that economic growth could be surprisingly solid, with South Africa ending 2010 with annual GDP growth of over 3%, predicts Old Mutual chief economist Rian le Roux. - SA corporate governance continues to improve
South African corporate governance practices are considered relatively mature compared to emerging market peers, says Fitch Ratings in a report published, but they remain underdeveloped by international market standards. - SA manufacturing sector recovering
South Africa's manufacturing industry is catching up with improved global conditions. That’s according to Kagiso’s head of fixed income, Andre Coetzee, after the purchasing managers index (PMI) increased for the fifth consecutive month. - SA is top developing performer in global trade logistics survey
South Africa has been rated 28th out of 155 countries surveyed on speed of trade practices by the World Bank. According to the new World Bank Group survey on trade logistics, the capacity of countries to efficiently move goods and connect manufacturers and consumers with international markets is improving around the world. - Gold price has trebled in past decade
Investors who bought gold or commodities at the beginning of the decade tripled their money by 31 December 2009. - South African Supplier Diversity Council formed
An American organisation and the National Business Initiative of South Africa, will partner in setting up the first economic council aimed at diversifying the South African economy. - Improved outlook for property market
There was good news and bad news for house prices, FNB said on Monday when it released its house price index. - New car sales to jump
The strong rand, steadier prices and improved access to credit could make it easier for consumers to buy a new car in 2010 - factors that would develop a preference for new rather than second-hand vehicles in South Africa. - SA set to bounce back in 2010
South Africa is set to bounce back strongly in headline-growth terms in 2010, asset manager and investment bank Nomura said on Friday. This was due to continuing infrastructure spending, a contribution from net trade and restocking from low levels, it said in a statement. On top of this, the World Cup will add 0.7 percentage points to growth from short term consumption and investments, on our estimates. - SA moves out of recession
South Africa's economy has moved out of recession, recording slight positive growth for the third quarter of 2009, Statistics SA said on Tuesday. - British Lions series boosted economy by R1.5bn
The rugby series between the Springboks and the British Irish Lions boosted the South Africa economy to the tune of almost R1,5bn, a study commissioned by SA Rugby has revealed.