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Welcome to SAICA industry news, here you will find daily update industry news from the South African financial sector and world markets.


#TheDress goes viral: Sales soar 347%
Read full story for latest details.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/VVwjUrTUewk" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/FEkygntwflE" height="1" width="1" alt=""/>

Warren Buffett knows who next Berkshire CEO is
Berkshire Hathaway CEO Warren Buffett released his 50th annual letter to shareholders. The Oracle of Omaha thinks the next 50 years will be great and knows who will replace him.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/4WF0mNkp_C0" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/VMkwIITnozY" height="1" width="1" alt=""/>

Kelly Osbourne quits E!'s 'Fashion Police'
After her colleague, Giuliana Rancic, made comments about actress Zendaya Coleman's dreads, Osbourne has left the show.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/qJi9IP0QKx4" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/O7cXrQtept4" height="1" width="1" alt=""/>

'House of Cards' fans that already finished season 3
These people say they've already finished watching all 13 episodes of the new season of 'House of Cards.'<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/ZMgEUagAxc4" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/Avy-mYSQpkE" height="1" width="1" alt=""/>

24 hours with a U.S. diplomat
Charlie Slater has spent the last 21 years working in U.S. embassies worldwide. His latest post is Vienna, Austria.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/hhGoXBvI8zk" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/JNwdBNXGhgk" height="1" width="1" alt=""/>

Ruble collapse makes Russian bribes expensive
Soaring prices and the weak ruble are creating corruption inflation in Russia, where the cost of an average bribe shot up 37% in 2014.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/NDFR1PIwqm0" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/Y9Hj6J4tEzE" height="1" width="1" alt=""/>

India looks for economic magic in new budget
Read full story for latest details.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/CaJFCQwPw-s" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/u9GZGHBMbCo" height="1" width="1" alt=""/>

Marriage hurts a hedge fund manager more than divorce
Read full story for latest details.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/QJn3paTwCrY" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/GgSlV2hV2nU" height="1" width="1" alt=""/>

Japanese money pours into English soccer
<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/RaCvhC7JZGQ" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/-X5foAfy8zA" height="1" width="1" alt=""/>

China under pressure as money flees country
China's yuan has lost nearly 1% against the dollar so far this year, after falling 2.5% last year, putting pressure on the country's financial system.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/gqUAeyXyKyU" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/cMfOkJbCeEg" height="1" width="1" alt=""/>

Fixing New York's housing crisis: Smaller apartments
Like many cities, New York doesn't have enough units to house its residents -- especially those at lower income levels. Here's how the city is working to solve the problem.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/V7oylrgyTMk" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/2BouN3kMKsI" height="1" width="1" alt=""/>

Carl Icahn can't wait to drive an Apple car
Read full story for latest details.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/mdAWLEs9KWU" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/35LU5TKjkcw" height="1" width="1" alt=""/>

Apple vs Ericsson: Are iPhone sales at risk?
Read full story for latest details.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/MT3WqtluYHc" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/gG7lzy1fHeU" height="1" width="1" alt=""/>

How do you feel about the economy?
Tell us about your economic mood and see how the rest of the world feels.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/lAS-EQHnYxs" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/BjLIZK1Z_Fc" height="1" width="1" alt=""/>

Europe poised to take on Russia's Gazprom
Europe is ready to launch an antitrust battle with Gazprom in the face of Vladimir Putin's threats of cutting off Ukraine's gas.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/NqyLODywRuM" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/tuvzAf_7VoI" height="1" width="1" alt=""/>

Get ready for lawsuits over net neutrality
The new FCC net neutrality rules are here. Now Comcast is threatening lawsuits and warning it'll stop investing in its own network.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/kA0j5d_bBU8" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/GZIFUN5eqUs" height="1" width="1" alt=""/>

Asian Americans are catching whites in the wealth race
Asians' wealth soars, thanks to higher rates of college degrees.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/w1Q5uGOa-xY" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/MIBtO-9H3dw" height="1" width="1" alt=""/>

Buy condoms! South Korea has legalized adultery
Read full story for latest details.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/4TzASQ0P9lY" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/aR9235PaxQA" height="1" width="1" alt=""/>

Google allows porn on Blogger after backlash
Google says porn will continue to be allowed on Blogger after previously banning it.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/cowCwIlKOVM" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/n0J_zh0RBaQ" height="1" width="1" alt=""/>

Worried about a stock market crash? Read this
Read full story for latest details.<img src="//feeds.feedburner.com/~r/rss/money_news_international/~4/yUohK9CApuM" height="1" width="1" alt=""/><img src="//feeds.feedburner.com/~r/rss/edition_business/~4/BuX5yANOVIE" height="1" width="1" alt=""/>

News24.com | Mugabe turns 91 with $1m birthday bash
Zimbabwean President Robert Mugabe will celebrate his 91st birthday with a million dollar bash attended by thousands of faithful party supporters.

Sport24.co.za | LIVE: Bulls 23 - 16 Sharks
LIVE scoring and interactive commentary on the Super Rugby clash between the Bulls and Sharks in Pretoria.

Sport24.co.za | India slam door on minnows
India captain MS Dhoni has warned that his team have no plans to play regular fixtures against cricket's non-Test nations

News24.com | Eight injured in Gauteng wall collapse
Eight men were injured, six of them seriously, when a wall collapsed on them in Kowie Road, Boskruin, Randburg, paramedics have said.

News24.com | Mexico captures Knights Templar cartel leader
Mexican police have nabbed most-wanted drug lord Servando Gomez, a former schoolteacher whose Knights Templar cartel smuggled drugs to the US.

News24.com | Iran shrugs off Netanyahu bid to block nuclear deal
Iran has shrugged off a bid by Israeli Prime Minister Benjamin Netanyahu to abort a nuclear deal between Tehran and world powers by lobbying opposition in a speech to the US Congress.

Sport24.co.za | Sambo rues poor performance
Mbuyiselo Sambu says Chippa United are still struggling to transfer their training session tactics to the field of play.

News24.com | Jozi in March
It’s March already! And after the quick and easy February, March can get a little long and tedious. But as it turns out, people really like to put on festivals in March. Who knew?

News24.com | German police warn of potential extremist threat
Police in the German city of Bremen are warning of a potential danger from Islamic extremists there and say they are stepping up security measures.

News24.com | Bombings kill 19 people in Iraq
A series of car bombs has ripped through a crowded marketplace and a Shi’ite militia's checkpoint, killing a total of 19 people in separate attacks north of the Iraqi capital Baghdad.

News24.com | Thembelihle quiet after week of protests
The mood in Thembelihle is quiet, following a week of chaos and unrest, Gauteng police have said.

News24.com | Cape Town highways reopened after protest
The R300 and N2 highways in Cape Town has been reopened after following a brief protest, the Western Cape Traffic department says.

News24.com | KZN sisters jailed for murder
Two sisters have been sentenced to 20 and 15 years respectively for the murder of Mduduzi Njoko in Umlazi in 2012, KwaZulu-Natal police have said.

Sport24.co.za | Mourinho: Matic ban a mistake
Jose Mourinho believes the credibility of English football has been damaged by the suspension of Nemanja Matic.

Sport24.co.za | Dhoni hails bowling unit
MS Dhoni says that his bowling attack will be key if they are to successfully defend their Cricket World Cup title.

News24.com | Lesotho locals go to vote in tense election
The people of Lesotho have voted in a tense election they hope will restore stability six months after an attempted coup in the southern African nation.

Sport24.co.za | India ease past the UAE
Defending champions India made it three from three as they beat the UAE by nine wickets at the World Cup on Saturday.

Sport24.co.za | United missing '20-goal striker' - Van Gaal
Louis van Gaal says his expensively assembled squad do not have a prolific striker like their rivals.

News24.com | Two killed in Bloem, Carletonville crashes
Two men have died in separate accidents overnight in Carletonville, Gauteng, and Bloemfontein, Free State.

Sport24.co.za | Chiefs smash hapless 'Saders
The Chiefs have breezed past the Crusaders in Super Rugby action on Saturday winning 40 - 16 at home.

Three arrested with unwrought gold
Further investigations are ongoing.

SA records a R24.22bn trade deficit in January
Exports slumped 23.1%.

Failures of a successful investor
Professionals share their war stories and lessons learnt.

Old Mutual won’t hedge the rand
But dividend payments will be protected from swings in the currency.

Meet the man who makes the Coke
From homeless to heading up ABI.

Medium to high risk of power cuts
Consumers urged to use less electricity.

Buying power of public servants must be protected – Nene
But increased fiscal risk must be avoided.

Rand steady vs dollar, eye on trade data
Market continues to digest Nene's budget speech.

January credit growth rises y/y
According to central bank data.

Eskom's R23bn pledge rallies bondholders
The dollar bonds rally shows that the market's more confident after the budget - Cadiz Asset Management.

Liberty targets SA’s rich for profit growth
‘No compelling future narrative’ – analyst.

Mute rescue plans unsettle Abil investors
The delay in the amendment of the Banks Amendment Bill is probably the main stumbling block - JP Verster.

CEO of Allan Gray Australia passes away
Simon Marais spent 11 years with Allan Gray in South Africa.

Lesotho prepares for early vote
In a bid to ease tensions six months after coup attempt.

Black dollar scam explained in court
Scam victims thought they could turn black paper into dollars.

Schüssler vs Judge Davis
Do South Africans get value for their tax money?

Khulubuse Zuma's urgent application postponed
After his lawyer left a file in Durban.

Caxton reports 12.4% revenue increase
Headline earnings per share increased by 10.7% to 65.4c.

Spur drives SA expansion despite domestic challenges
‘These are exciting times for us’ – CEO.

BEE landscape in the spotlight
Success of Brimstone, Adcock Ingram transactions accessed.

Old Mutual won’t hedge the rand
But dividend payments will be protected from swings in the currency.

Liberty targets SA’s rich for profit growth
‘No compelling future narrative’ – analyst.

Mute rescue plans unsettle Abil investors
The delay in the amendment of the Banks Amendment Bill is probably the main stumbling block - JP Verster.

MMI Holdings sees headline earnings falling by up to 30%
Following the impact of investment markets.

Abil fallout: R13.7bn withdrawn from Stanlib money market funds
Liberty’s assets under management up a pedestrian 4%.

HSBC sees FY net income drop by 16%
Bank is being pummeled by allegations that its Swiss bank helped the wealthy evade taxes.

Nedbank posts 14% profit gain
As bad loans drop.

Deutsche Bank, Capitec fined by the Sarb for lax controls
A collective R15 million slap.

Department of Justice squeezed in credit case
Judge unconvinced at strength of DOJ’s arguments.

Between a rock and some hard places
Some less-than-desirable options left available to OTC platforms in the wake of FSB directive.

Unsecured lending battle kicks off in High Court
Wendy Appelbaum among those present.

Ethos looks north as SA private equity shifts focus
Shift from SA to rest of continent 'has been monumental'.

SA banks are still paying for Abil's collapse
Higher spreads may be here to stay - credit analyst at Standard Bank.

Understanding debt collection
Like the difference between a garnishee and emolument attachment order.

Ecobank says it dealt with stability risk issues
Cited by the International Monetary Fund.

Ellerine rescue progressing better than expected
Realising a better cash position than administrators had hoped for.

IMF raises red flags on Ecobank governance
Ecobank to hold emergency board meeting in Ghana next week.

Investec, Stanlib oppose changes to SA banking law
Investor committee: curator shouldn’t be allowed to reduce liability value or change its terms....

Standard Bank unit sale to ICBC raises less than estimated
Bank is due to report on FY earnings next month.

Standard Bank sells London unit stake for $75m less than expected
Sending its shares lower.
 
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