Approximately 1.3 million people are currently reported to be on antiretroviral treatment (ART) in South Africa’s state sector, according to Aid for AIDS (AfA) – the country’s largest private sector HIV disease manager. While up-take of ART was vastly increased from 27% in 2007 to 56% by the end of 2009. However, the revised and […]
HIV in the workplace – employers have a role to play
World Aids Day on 1 December is a timely reminder for businesses in South Africa – which have been hugely affected by the disease with approximately 5.38 million South Africans living with HIV/AIDS – to continue with the development of HIV programmes within the workplace. According to Andre Jacobs of Aon Hewitt South Africa, no […]
More South Africans biting the bullet, cutting costs
South Africans have begun to heed the calls to rein in their short-term debt and curb spending, rather than continuing to be charged high interest rates. That’s the primary finding of the fifth Old Mutual Savings and Investment Monitor, released today (24 November 2011). Lynette Nicholson, chief researcher of Old Mutual, says: “These results indicate […]
FPI Financial Planning Week to lead consumers to a better future
Financial planning is a must for anyone who is earning and spending money. A proper financial plan guides us in the use of our finances and assists us in achieving our financial goals. Financial planning is a profession with a recognised international qualification – the CFP – certified financial planner. Financial planners assist clients in […]
Italy’s economic scandal
In 1980 Paolo Rossi, the famous Italian striker, made headlines for allegedly being involved in the ‘Totonero’ betting scandal involving Perugia, the club he was contracted to at the time. As a result of the scandal he received a ban which immediately meant his place in the 1982 World Cup Finals in Spain would be […]
RE:CM warns of luxury goods stock bubble
The strong financial performance of several local and global luxury goods companies in recent months has re-enforced the perception that this industry is fairly recession proof. However, according to Daniel Malan, Investment Director at RE:CM, (pictured) a value based asset manager, this is not always the case and with several of these companies currently trading […]
Corruption top concern for South African professionals
Action against corruption and government spending on infrastructure are the top two reforms that South African finance professionals are looking for over the next year. This was the result of the “Treasury Verdict” session taken by a live audience poll of senior treasury and finance professionals at EuroFinance’s 6th annual Treasury, Risk and Cash Management […]
SA inflation hits 6%
Figures released by Stats SA show October headline CPI rising to 6%, above market expectations. Stanlib economist Kevin Lings notes that for 2010 as a whole, SA CPI inflation averaged a very respectable 4.3%y/y, but is “clearly trending higher and is expected to rise above 6.5% in the coming months. In addition, inflation could struggle […]
Flat business confidence better than it seems
After falling from 55 index points in the first quarter of the year to 39 in the third quarter, the RMB/BER Business Confidence Index (BCI) eased by one point to 38 in the fourth quarter. Sentiment improved notably in the retail and wholesale trade sectors, deteriorated further in new motor trade and remained largely unchanged […]
When there’s no such thing as a guarantee with investment products
By Nico Coetzee,(pictured) Executive: Business Development at PPS Investments A guarantee is generally an assurance that sets us at ease when choosing how to spend our money. Most of us won’t mind paying a little more for a washing machine or new flat-screen television that comes standard with a warranty, for example. But what if […]
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Weighing up the risks in South Africa’s historical moment in the land debate
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JCRC adopts report in favour of amendment of section 25 of the Constitution
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IASB delays insurance contract rules for one year: PwC comments
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Agri SA blasts recommendation to amend Constitution
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How politics is driving the value of the rand
