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African Bank share price tanks
21 May 2013 AFRICAN Bank Investments Limited’s (Abil) share price plunged by more than 24% during trade yesterday after it announced that headline earnings for the six months to end March were down by 26%.
Article > CitiBusiness > Business News
Vodacom loses 308 000 customers
21 May 2013 DESPITE headline growth of 5% year-on-year to 30.348 million customers in South Africa to March 31, 2013, Vodacom – like MTN – has struggled in the first three calendar months of this year.
Article > CitiBusiness > Business News
Hospital inflation to remain below CPI – Netcare
21 May 2013 HEALTHCARE group Netcare expects hospital inflation to remain below consumer price inflation (CPI), despite nursing inflation of more than 7%.
Article > CitiBusiness > Business News
Choosing your retirement income
21 May 2013 WHEN deciding how to invest accumulated retirement savings, many investors have to choose between a guaranteed annuity and a living annuity.
Article > CitiBusiness > Business News
Altech heads out of limelight
20 May 2013 SHARES in telecommunications firm Altech surged by 30% on Friday on the news that parent company Altron has made a firm offer to buy out the minorities that it does not already own.
Article > CitiBusiness > Business News
Interest rate cut speculation rife
20 May 2013 AFTER a boring couple of months on the interest rate front, market speculation has recently been rife that another cut might be on the cards.
Article > CitiBusiness > Business News
BBM coming to iPhone, Android
20 May 2013 THE fact that BlackBerry will launch its popular BlackBerry Messenger (BBM) service on rival platforms iOS and Android in the coming months is not a surprise.
Article > CitiBusiness > Business News
New financial licences
18 May 2013 When the Financial Services Board becomes the sole market conduct regulator for all financial services providers – including banks – every player in the sector will have to be licensed.
Article > CitiBusiness > Business News
China and the middle-income trap
18 May 2013 Growth in China is slowing. Its industrial output is falling, GDP growth has been below expectations, and things are generally cooling off in the once super-hot economy.
Article > CitiBusiness > Business News
Lower insurance payments in our lifetime
17 May 2013 THE South African Insurance Association (Saia) is proposing that insurance providers insure motor vehicles at the market value as opposed to the retail price.
Article > CitiBusiness > Business News
Manufacturing not yet out of the doldrums
17 May 2013 THE basis for a sustainable manufacturing industry depends on the local market and South African producers source 80% of their input sources domestically.
Article > CitiBusiness > Business News
Did criminal justice system fail us?
17 May 2013 SMALL people – that is people without access to vast wealth or the corridors of power – would be correct if they were to say that the legal system is not for them. That is, if what serves as justice...
Article > CitiBusiness > Business News
Fidentia sentencing not the end
16 May 2013 AN organisation claiming to represent 90% of the investment trusts managed by Fidentia Asset Management plans to take the Financial Services Board, the Fidentia curators and current trustees on in...
Article > CitiBusiness > Business News
Your rights as a taxpayer
16 May 2013 DESPITE constructive regulatory changes in the tax administration environment, there are concerns about the lack of cost-effective remedies for taxpayers in cases where the South African Revenue...
Article > CitiBusiness > Business News
Saying goodbye to a favourite haunt
16 May 2013 FOR a change I don’t want to write about investment markets this week. Forget for a while the issues of deep-value investing, currency fluctuations or another bout of quantitative easing by either...
Article > CitiBusiness > Business News
Vehicle sales increase
15 May 2013 The number of new cars sold increased in the first quarter of this year, the National Association of Automobile Manufacturers of SA (Naamsa) said on Monday.
Article > CitiBusiness > Business News
Free market foundation against licensing bill
15 May 2013 The proposed Licensing of Businesses Bill is a "crazy" idea which will maximise corruption, the Free Market Foundation said on Wednesday.
Article > CitiBusiness > Business News
2012 a record long-term insurance complaints year
15 May 2013 THE Ombudsman for long-term insurance received 9 592 complaints against long-term insurance companies in 2012, the highest ever and 4% more than in 2011, according to its latest annual report.
Article > CitiBusiness > Business News
Penalties to hit construction sector
15 May 2013 SLOWLY but surely a picture is emerging of the penalties the construction sector will have to digest with regard to its collusion in pricing and project allocation over the last number of years.
Article > CitiBusiness > Business News
Prevent the pensioner’s poorhouse
15 May 2013 Survey: Most retirees will run out of money, only 30% saved enough
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