 | | | Inside Business
Draft code requires institutions to disclose voting 
In what could be the most significant corporate governance development in over a decade, a draft copy of the institutional shareholder code for responsible investing was released for discussion yesterday. The code, which requires public disclosure of voting records and policies, is set to have a significant impact on the way in which the country's R1.5 trillion investment fund industry is managed.[Full Story...]
| | | | Features
SA needs to adapt to keep high standard of accounting
South Africa has long been reputed to produce some of the world's best auditors. This was given credence when the World Economic Forum's Global Competitiveness Survey for 2009 to 2010 ranks us second out of 133 countries for our auditing and reporting standards. We are in the top 10 for eight other measures of financial market sophistication, and for a country that is only the world's 24th largest economy measured in terms of gross domestic product (GDP), this is good going.[Full Story...]
| | | | Business Watch
Local strikes are giving global car makers the jitters
THE South African economy and motor manufacturing industry workers could pay dearly for the persistent disruption to new vehicle production in the country. The strikes in the new tyre and automotive component manufacturing sectors follow the strike last month by motor manufacturing workers, which resulted in some manufacturers losing export revenue.[Full Story...]
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