Wednesday, November 17, 2010

Mortgage, Maties and Companies Amendment Bill

Stellenbosch University Campus

Companies Amendment Bill Approved By the Cabinet

Cabinet recently approved a bill amending the new Companies Act aimed at reducing the burden of red tape imposed on business. A Cabinet spokesperson said the bill will provide for simplified registration of companies and update the Companies Act "to be conducive in the promotion of doing business within SA". (I-Net Bridge/ Business Day)

Mortgage Advances Granted Remain Low

ABSA Home Loans announced mortgage advances granted would continue to record single-digit year-on-year growth for the rest of the year and next year, in reaction to the the South African Reserve Bank’s credit extension data. Total mortgage advances growth remained relatively low at 4.8% year-on-year up to September, unchanged from August 2010. (I-Net Bridge/ Business Day)

"Maties" Joins In the Fight against Corruption

The University of Stellenbosch, popularly also known as "Maties", is offering public officials courses in corruption ---- to assist them combating the problem, rather than stealing from the public purse. The University launched a Centre for Anti- Corruption and Education recently focusing on public sector corruption and its central objective will be to conduct research on the causes of and solutions to rising corruption which is of major concern. The Centre is to be headed by Executive Director, Prof Gavin Woods who said that for the past 15 years, the Government had introduced anti-corruption initiatives, "yet corruption had continued unabated".

Pieter Rautenbach



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