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Finweek - EnglishFinweek - English

Finweek - English

25 July 2019

Finweek is South Africa’s leading financial weekly magazine focusing on investment. With its brisk, creative and authoritative analysis of business and investment issues, it’s an essential business tool in the daily battle for competitive advantage. Today's business decision-makers have to cope with increased pressure on their time and are expected, more than ever before, to succeed in the face of stiffer competition. Finweek provides relevant information in quick bytes, along with award-winning investment advice.

Land:
South Africa
Sprache:
English
Verlag:
Media 24 Ltd
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IN DIESER AUSGABE

access_time2 Min.
from the editor

earlier this month, the Financial Times (FT) shared an article online, stating that this specific article was available outside its paywall to ensure it could be shared freely. Therefore, a topic the publication feels really strongly about. In short, the piece (which was well over 5 000 words) looked at the impact of high-performance environments on the mental health of employees working in those spaces. Many readers will now be rolling their eyes and paging on – which is exactly the kind of attitude that FT warns against: A world in which people are not allowed to vocalise the impact that long, stressful hours at the office have on their health – both physically and mentally – and often on their ability to deal with life in general. Overwork, which results in…

access_time4 Min.
the rules that bind us

i spent June in England, giving seminars at several universities (and following the Proteas on their unfortunate campaign at the Cricket World Cup). One question peers kept asking, was on the state of the South African economy. Why is President Cyril Ramaphosa moving so slowly in tackling the crisis at the heart of the economy: Eskom? It’s a difficult question with a complicated answer, I’d respond. Eskom is in a deep mess, with debt spiralling out of control. It burns cash. Plans to transform it are being hampered by trade unions unwilling to see its members lose their jobs. It requires immensely talented and brave leadership to find a negotiated solution that keeps the lights on. Restructuring is essential, because the problems are ultimately structural. Eskom is a state-owned monopoly; the Electricity…

access_time1 Min.
finweek-english

EDITORIAL & SALES Editor Anneli Groenewald Managing Editor Jana Jacobs Journalists and Contributors Simon Brown, Johan Fourie, Moxima Gama, Glenneis Kriel, Schalk Louw, David McKay, Timothy Rangongo, Petri Redelinghuys, Peet Serfontein, Melusi Tshabalala, Amanda Visser, Jaco Visser, Glenda Williams Sub-Editors Katrien Smit Editorial Assistant Thato Marolen Layout Artists David Kyslinger, Beku Mbotoli Advertising Paul Goddard 082 650 9231/paul@fivetwelve.co.za Clive Kotze 082335 4957/clive@mediamatic.co.za Sales Executive Tanya Finch 082 961 9429/tanya@fivetwelve.co.za Publisher Sandra Ladas sandra.ladas@newmedia.co.za General Manager Dev Naidoo Production Angela Silver angela.silver@newmedia.co.za, Pam Moodley pam.moodley@newmedia.co.za Share your thoughts with us on: @finweek finweek finweekmagazine…

access_time4 Min.
in brief

“I’M SAYING TO ALL THOSE INVOLVED IN TRADE DISCUSSIONS — WE NEED ADULTS IN THE ROOM.” – Outgoing International Monetary Fund head Christine Lagarde to Trevor Noah on The Daily Show. She said US President Donald Trump meant well with tariff increases, explaining that “you can’t say welcome to my country but you’re only allowed in if you transfer technology and that is compulsory,” in reference to China’s forced technology transfer rule (FTA) and allegations of technology theft waged against China by the US. Lagarde further said that the game clearly has to change, and the rules have to be respected. But, where it doesn’t work, tariff increases are not a viable solution, especially in the long run, she said. “THERE WILL NEVER BE A PERFECT PLAN OR PERFECT TIMING.” – SA’s health…

access_time4 Min.
fnb now eyes financial and physical health

in 2016, five years after FNB launched South Africa’s first banking app, it introduced a functionality aimed at helping its customers ‘navigate’ life. The nav>> was first launched with nav>> Home, allowing customers to buy and sell property hassle-free (without the use of estate agents), and nav>> Car, which similarly enables customers to buy and sell cars to other customers and even renew their car licence discs online. The two became the pillars of nav>> because “we know that customers on a monthly basis typically spend in excess of15% of their monthly income on their home and on their car/transport,” says Jolandé Duvenhage, CEO of nav>>. “This is a very significant number and the more we can help our customers on their journey, the more we can empower them to navigate…

access_time3 Min.
when water issues trickle down

the Lekwa local municipality in Mpumalanga, which includes the towns of Standerton and Morgenzon, reached the attention of investors when JSE-listed Astral Foods announced a R7m loss due to insufficient water supply to its Standerton plant for the six months ended 31 March. By the end of May, the company reported a loss of R85m due to water interruptions in Standerton. Astral Foods’ Goldi processing plant slaughters 2m birds per week and needs around 5m litres of water a day, but municipal water supply to Africa’s largest poultry processing plant dried up in March. Water, of course, isn’t the sole reason why South Africans across the country take to the streets against their local municipalities, with a general breakdown in service delivery – from refuse collection to municipal power cuts due to non-payment…

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