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MAKING WAVES ON COASTAL CLEAN-UP DAY
Taryn van Neel from WESSA Treasure Beach (left) and Melissa Gumede (WESSA Tourism Blue Flag Project) at the clean-up.

A host of sponsors rallied behind WESSA’s marking of International Coastal Clean-Up Day on the Durban Bluff recently in collaboration with eThekwini Municipality, the department of environmental affairs, and more than 750 volunteers. Among the sponsors were Plastics SA, Parks and Natural Resources, Sodurba, SAAMBR, Wild Oceans Trust, RPC Astrapak, Ford, Engen, Defy, ID logistics, Coca Cola, Capri Sun, WESSA Blue Flag, and the UN Environment Programme. The international Coastal Clean-up campaign was initiated 32 years ago by the Ocean Conservancy by collecting marine debris from the world's waterways.

   
   

REMINDER: BUSINESS AWARDS DEADLINE

Monday, October 1 is the deadline to enter the prestigious Nedbank PCB Business Awards to be presented at the glittering annual banquet at the Royal Showgrounds on Friday, November 9. Eight awards are on offer  - Nedbank PCB Business of the Year (Manufacturing Sector); Nedbank PCB Business of the Year: Services Sector (Retail/Professional); Nedbank PCB Business of the Year (State Owned Enterprises): Nedbank PCB Medium Enterprise of the Year: Nedbank PCB Small Business of the Year: Nedbank PCB Champion Entrepreneur of the Year: Nedbank PCB Franchisee of the Year, and Nedbank PCB Social Enterprise of the Year. Nominations must be submitted via email to ceo@pcb.org.za after which a form will be emailed to the nominated company to provide information for the adjudication phase. All information provided will be treated with strictest confidence.

   
   
 
     
  Today in History  
     
 

1996: The Islamic fundamentalist group Taliban took over Kabul and established the Islamic Emirate of Afghanistan.

In celebration of travel and visiting exotic places around the world, it’s World Tourism Day.

 
     
  News worth knowing  
     
 

UNEMPLOYMENT INCHES UP

The number of employed South Africans fell by 69 000 in Q2 2018, driven largely by a fall in those employed in community services, Statistics SA said yesterday. Employment in the mining sector fell 4% in Q2 compared to same quarter in 2018, or by 19 000, with employment in manufacturing falling 1.1% over the same period, Statistics SA said. The number of employed, according to the survey — which covered all industries other than agriculture — fell to 9.74 million in the quarter to end-June. On an annual basis, employment in the construction sector fell by 14 000, or 2.3%, while employment in the retail sector saw the largest increase — 1.1% or 24 000. On a quarter-by-quarter basis, those employed in the retail sector increased by 7,000, largely due to employment in retail, hotels and restaurants, Statistics SA said. (BDLive)

 
 

VOTERS HAVE THEIR SAY IN LAND DEBATE

A survey by the South African Institute of Race Relations (IRR) showed that 41% of those who have heard of the proposed policy of land expropriation without compensation "somewhat" or "strongly" oppose it. Only 30% of those who have heard of it "somewhat" or "strongly" support the policy. The ANC announcement that it is planning amend the constitution to make it clear that land can be expropriated without compensation has been the subject of intense debate. This is the first survey to test voter opinions on the matter. The main findings include:  27% of all voters have not heard of expropriation without compensation; 41% who have heard of expropriation without compensation, “somewhat” or “strongly” oppose the policy; 30% of all voters who have heard of expropriation without compensation, “somewhat” or “strongly” support the policy;51% of all voters believe an alternative to expropriation without compensation should be pursued, while 17% believe no land reform is necessary; 68% believe “Individuals should have the right to own land in their private capacity”; and 31% believe “all land in SA should be owned by the government”. However, support for expropriation without compensation collapses when respondents are asked whether the government should be able to take land they own themselves with 90% “somewhat” or “strongly” opposed this. (BDLive)

 
 

OUT-OF-COURT SETTLEMENT BODES WELL FOR SPECTRUM RELEASE

The government’s drive to release additional spectrum is gathering pace after the department of telecommunications and postal services and the Independent Communications Authority of SA (Icasa) — the communications regulators — reached an out of court settlement regarding  the future allocation of high-demand spectrum. The high cost to communicate in SA has largely been blamed on a lack of competition and the "spectrum crunch". Spectrum, often referred to as the lifeblood of the wireless industry, refers to the radio signals set aside to carry data over the air, including for mobile phones, TV and global positioning systems (GPSs). As part of an auction in 2016, Icasa invited applications for 700MHz, 800MHz and 2.6GHz spectrum licences to boost the roll-out of faster broadband. However, telecommunications and postal services minister Siyabonga Cwele approached the courts to challenge the auction, arguing that the government’s policy on spectrum was yet to be finalised and that such an auction would only benefit the big operators. The agreement between Icasa and the department is in line with president Cyril Ramaphosa’s call to “initiate the process for the allocation of high-demand radio spectrum to enable licensing” as part of the economic stimulus and economic recovery plan. (BDLive)

 
 

UCT CONTINUES TO FLY FLAG FOR AFRICA

The University of Cape Town (UCT) is still the top university in Africa‚ according to the Times Higher Education World University Rankings 2019, released yesterday. The rankings are published annually by Times Higher Education‚ that analysed more than 1 200 institutions. UCT was ranked 156th in the world‚ an improvement from its previous position of 171. It was the only institution from Africa to make the top 200, while Wits University was the second best ranked university in SA‚ falling into categories of universities ranked between 201 and 250, followed by Stellenbosch University (between 301 and 350) and the University of KwaZulu-Natal (401-500). The magazine ranked the University of Oxford as first‚ followed by the University of Cambridge‚ Stanford University‚ Massachusetts Institute of Technology and the California Institute of Technology as the top five universities. (BDLive)

 
 

ZAR50 BILLION BONANZA FOR OLD MUTUAL INVESTORS

Old Mutual said yesterday its shareholders would get ZAR50 billion from the spin-off of a majority stake in Nedbank and dividends. The 173-year-old group has been dismantling its conglomerate structure, created after a series of acquisitions, since it moved its headquarters and primary listing to London in 1999. CEO Bruce Hemphill said the company’s four main businesses – a US asset manager, a British wealth manager, an African financial services division and a South African bank – would be valued more highly by investors as separate entities. Shareholders will receive ZAR43.2 billion from the spin-off and ZAR7.1 billion in interim and special dividends that will be paid on October 16, the company said. They will get approximately 3.2 Nedbank shares for every 100 Old Mutual shares they own. (Moneyweb)

 
 

CAPITEC TOASTS HIGHER EARNINGS, MORE CUSTOMERS

Capitec grew its first-half headline earnings 20%, as its active client base expanded. Headline earnings rose to ZAR2.46 billion in the six months to end-August, from ZAR2.05 billion in the matching period a year ago, the company said yesterday. It active client base rose 15% to 10.522 million for the review period. Net transaction fee (non-lending) income grew 32% to ZAR3.1 billion and now comprises 47% of total net income and covers 90% of operating expenses.Total transactional volume, including self-service banking transactions, was up 25% due to increased usage and a 15% increase in active clients, the company said. (BDLive)

 
 

GO-AHEAD FOR DUTCH LOBBY TO GO AFTER STEINHOFF

A shareholder group got the green light to sue Steinhoff International in the Netherlands, kicking off a legal fight to recover some of the billions of dollars investors lost after the South African retailer’s accounting scandal. In a procedural hearing last month, Netherlands-incorporated Steinhoff had argued against going ahead with the court case filed in Amsterdam by Dutch investor group VEB, saying a legal claim was first filed in Germany. The company moved its primary listing to Frankfurt from Johannesburg in 2015. The court rejected Steinhoff’s argument, saying it “ignores the rule that the jurisdiction of a court is in principle governed by the residence of the defendant.” Steinhoff has to reply by November. 7. (Fin24)

 
 

IS CASH-STRAPPED FASTJET HEADED FOR GROUND ZERO?

Fastjet’s shares shed more than half of their value yesterday after the African budget airline said it needed more cash within a month for it to continue operating. Fastjet, launched in 2012 and modelled on the likes of no-frills airlines easyJet and Ryanair Holdings, has been running short of cash for more than two years and it was unclear if investors will continue to back it. Fastjet, which operates in Tanzania, Zambia, Zimbabwe, Mozambique and SA, said it required more money by the end of October and said it was considering pulling out of its largest market in Tanzania. (Reuters)

 
 

BREXIT ALARM BELLS RINGING FOR AIRLINES

The impasse between Britain and the EU in Brexit negotiations is "crazy" and "risky" for airlines with time running out to ensure cross-Channel flights can continue unimpeded, the world's airline body has warned. The International Air Transport Association (IATA), which represents around 290 airlines, raised the alarm after Britain issued new guidance to spell out a worst-case scenario for aviation in the event that it fails to reach a deal with Brussels. The government technical paper stressed that without an overarching Brexit deal, airlines will have to seek two different approvals from each of the rest of the 27 EU members to ensure they have the regulatory framework to fly. (Fin24)

 
 

DATA BREACH COSTS UBER PLENTY

Uber Technologies will pay US$148 million (about ZAR2 billion) to settle claims related to a large-scale data breach that exposed the personal information of more than 25 million of its US users, Iowa’s attorney general said yesterday. The settlement, spanning 50 states, is the biggest data-breach payout in history, and marks the most sweeping rebuke by regulators against the San Francisco-based company, which earned a reputation for skirting rules in its push to dominate the ride-hailing market. The states’ agreement stemmed from data compromised in 2016 by hackers, who obtained 607 000 US driver’s licence numbers, as well as tens of millions of consumer e-mail addresses and phone numbers, a leak that Uber failed to disclose for more than a year after discovering the attack. (Bloomberg)

 
 

TECH GIANTS VOW TO FIGHT FAKE NEWS

Alphabet’s Google, Facebook, Twitter have pledged to work together with other tech and advertising companies to fight the spread of "fake news" online in Europe, largely to prevent it from blighting political elections in the region. The group, an ad-hoc alliance that includes Mozilla and advertising business organisations, presented a code of conduct to the European Commission, the bloc’s executive body. Under the new plan, the firms will invest in products, technologies and programs that help people in Europe make informed decisions when they encounter online news that could be false; prioritise authentic information in search rankings or news feeds; and make diverse perspectives more visible. As part of the agreement, the companies said they would support efforts to develop indicators of trustworthiness in collaboration with news organisations. (Bloomberg)

 
     
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CERTIFICATE IN ADVANCED LABOUR LAW


Starts: 22nd October 2018

This programme provides students with exposure to more in depth labour topics and a wide spectrum of substantive and procedural Labour Law, as well as a practical understanding in areas of industrial relations.

The objective is to equip students by providing them with a practical ability in the acquisition, analysis, interpretation and understanding in areas of labour law.

The key focus areas include Substantive Labour Law; Procedural Labour Law topics; Dismissals and unfair labour practices; and Evidence.

The course is suitable for students interested in or utilising Labour Law, including lawyers, advocates, managers, union members and leaders, human resource managers etc.

Duration:

6 Days

Contact Us:

For more information please contact Percy Sishi
T: +27 31 260 1853
E: sishis@ukzn.ac.za 

 
     
  QUOTE  
     
 
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The journey not the arrival matters

T.S. Eliot

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