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/ 31 October 2006

Nkobi group not part of Gautrain project

Gauteng concession company Bombela has not allocated any work on the Gautrain project to companies linked to Schabir Shaik, according to a statement issued on Monday. The statement said Nkobi Holdings and Kobitech Transport Systems were among the companies listed on the Gautrain prospective supplier database.

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/ 31 October 2006

One car – three engines

Women in the motoring industry are looked upon as token appointments who couldn’t possibly have a passion for cars, who couldn’t possibly enjoy the thrill of pushing a car to the edge of its abilities. It all gets a bit tiresome sometimes and it is for this reason that I felt slightly better about life, the universe and everything else at a recent Subaru vehicle launch, writes Sukasha Singh.

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/ 31 October 2006

BEE disinvestment

An announced but not yet "cemented" BEE deal allows me to hold up to the light an interesting facet of BEE involving foreign investors. Some have asked whether the intended sale by Swiss cement company Holcim of most of its stake in its South African subsidiary to a BEE consortium is "disinvestment", writes Reg Rumney.

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/ 31 October 2006

An end to ‘vat en sit’

There are some very important aspects of the Civil Unions Bill that have been ignored in the public debate about the proposed legislation. If it is passed into law, it will have tangible benefits for a particularly vulnerable group who currently have no recourse to the law to protect their rights. Consequently, they frequently suffer extreme hardship and economic abuse.

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/ 31 October 2006

Oh to be a CEO

South African bosses’ pay is on the rise, despite many critics arguing that top executives take home too much of the pie. The average CEO in South Africa took home R5,35-million last year, up from R4,3-million the previous year. Human capital management company Mabili says in its annual report on directors’ remuneration that directors received robust increases in pay last year.

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/ 31 October 2006

Prepaid services fuel growth of mobile banking

The widespread use of prepaid services by South African households has thrown up lucrative business opportunities for banks to bring previously un-banked people into the financial services loop. Prepaid electricity and Telkom airtime — introduced in April 2006 this year — is increasingly becoming a key cellphone banking volume transaction driver.