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09.23.05
Fraud a major problem in Africa
JOHANNESBURG - Fraud is a major problem in South Africa and Africa, a survey of businesses revealed yesterday.
The survey, by auditing firm KPMG, said 64 per cent of the South African companies and 65 per cent of companies in the rest of Africa reported that fraud was a major problem.
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Moneyweb Business insert for The Citizen
JSE-listed media groups Caxton and Moneyweb have established a joint venture company to produce Moneyweb Business, a new daily insert in The Citizen, one of South Africa’s leading newspapers. It debuts on Monday, October 3.
The joint venture represents a deepening of a two and a half year relationship during which Moneyweb has produced The Citizen’s business section, leveraging content from its market-leading Internet offerings. Content for the new insert will be specially produced at Moneyweb by a team of five full-time reporters led by Moneyweb’s editor in chief Alec Hogg.
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S. Africa to take land from white farmer
PRETORIA, South Africa -- South Africa's government is for the first time moving to seize land from a white farmer, saying Thursday that negotiations to buy the property to hand over to black claimants were taking too long.
Blessing Mphela, a land restitution commissioner, said at a news conference that the seizure was a last resort, but he added that land transfers to redress the abuses of the apartheid era must speed up.
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Coke and Cape Town - SA's loving it...
Coca-Cola is South Africa's favourite and coolest brand and Cape Town is the ideal travel destination, the Markinor-Sunday Times Top Brands Survey 2005 has found.
The survey, published this week, says the country's top 10 favourite brands are Coca-Cola, South African Breweries, Vodacom, Koo, Castle Lager, Toyota, Nike, Nokia, Telkom and Pick 'n Pay.
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German group looking to expand dominant market position
Internationally-renowned German-based electrical and electronic engineering company Siemens is planning to expand the dominant position that it has acquired in the Southern African telecommunications sector to the power and transportation sectors.
This strategy follows the recent revival of these sectors as government, particularly, is increasing its expenditure on State-owned enterprises. Siemens Southern Africa group CEO Pete da Silva tells Engineering News that, due to the upgrading and expansion of the power-generation sector, State-owned power utility Eskom has to start building new and mothballing old power stations to meet the growing demand for electricity in South Africa.
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