...2001 and 2002, which can be seen on exhibit 8 i.e. a drop in PBT from 116 million pounds to 83 million pounds; A drop of 28.4%. This all came from the income side of the Profit and loss summary but is not explained in the case at all. From 2002 to 2004, per exhibit 8, income grew 19% from 235 million pounds to 301 million pounds while costs were held at an 11% increase from 152 million pounds to 169 million pounds. This led to the 27.7% increase at the PBT level. Note the PBT of 106 million pounds in 2004 is still below that of 2001, which was 116 million pounds. So although the case is successful if looked at using 2002 as a start, the answer is different if 2001 is used as the starting point. Going Forward. With the acquisition of ABSA being such a large South African operation it would become by far the dominant contributor to the Barclays Africa economic story. So the focus would have to be to extract the...
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...NATIONAL CREDIT ACT- 2005 Money lenders breaking credit act exposed Cape Town - In a bid to stem the abuse of consumers by lenders and ensure compliance with the National Credit Act (NCA), the National Credit Regulator (NCR) and the South African Police Service (Saps) conducted joint onsite investigations in an operation in Mpumalanga. The NCR partnered with the Saps in Middleburg, Barberton, Nelspruit and Witbank this week, investigating 37 lenders. This led to the arrest of ten individuals who contravened the NCA. "The focus of this kind of operation is primarily on credit providers, who are engaging in reckless lending, unlawfully garnishing, retaining pension cards, bank cards, identity documents and personal identity numbers (PINs) of their clients as surety," said Nomsa Motshegare, CEO of the NCR. "This is a contravention of the National Credit Act and it is a criminal offence", she added. Motshegare stated that this is part of the NCR's ongoing strategy to ensure that all credit providers, no matter where they conduct business, comply with the provisions of the National Credit Act. "The exploitation of vulnerable and unsuspecting consumers by credit providers will not be tolerated," she added. During the operation, ten people were arrested and as a result, nine criminal cases were opened. In addition, the suspects were found to be in possession of 851 ID books and 921 bankcards, six passports, two drivers licenses and 44 cellphones. Motshegare complimented the...
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...Have the Continuous Improvement (Cl) efforts at Absa Bank’s Horizon Medium Business Banking unit, in the Gauteng West region successfully addressed the key concepts of Continuous Improvement as set out by Trollip, 2008? By Sinqobile Khobotho Ndlovu {20625261} Submitted in partial fulfillment of the requirements for the degree of Masters in Business Administration At the Nelson Mandela Metropolitan University (NMMU) Business School Research Supervisor: Mr. Bux Heather November 2008 Page 1 of 112 Declaration “I, Sinqobile K Ndlovu, declare that: • This work has not been previously accepted in substance for any degree and is not being concurrently submitted in candidature for any degree. • This dissertation is being submitted in partial fulfillment of the requirements for the degree of Masters in Business Administration. • The dissertation is the result of my independent work/investigation, except where otherwise stated. Other sources are acknowledged by referencing and a reference list is attached. • I hereby give consent for my dissertation, if accepted, to be available for photocopying and for loan, and for the title and summary to be made available to outside organizations.” Signed: …………………. Date: 20 December 2008 Page 2 of 112 Abstract Success in today’s highly competitive financial sector requires an organization to have a sustainable competitive advantage that would distinguish it from the rest. Products...
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...LEASING CASE EXPLORING LEASING MARKET OPPORTUNITIES IN BOTSWANA by TOOCHUKWU AGWUNCHA ( copyright Fortvivit Resources Limited 2008) This case has been inspired and motivated by further developments in the Leasing industry in Botswana, but does not describe the actual situations in the country. Botswana, lies directly above South Africa and has one of the highest Gross Domestic Product per Capita in Africa (at USD 6140 - 2006). Its proximity to Africa’s economic powerhouse gives it the investment confidence of corporate organisations in South Africa. Its 2006 population is 1.75 million (growing at just over 1.5% p.a.) with a Gross Domestic Product (GDP) of about USD10.75 billion, a booming solid mineral industry (especially Diamond mining) and a focused government whose liberal policies have encouraged Foreign Direct Investments (FDI’s) mostly sourced from and generated through the influence of the strong and resilient South African economy. Three years ago, Botswana started operating a leasing law in the country. The regulator in the industry is the Leasing Commission of Botswana (LECOBOT), which is empowered to supervise the Leasing operations in the country. Some of its terms of reference and charge of responsibility include but are not limited to the following: 1. Promote the business of equipment leasing through its regulation of the market and according to the provisions of the leasing law. 2. Enable and encourage leasing companies to practice the business...
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...BLUESTAR CAPITAL MARKETS OUTLINE PRESENTATION OF THE COMPANY’S ACTIVITIES June 2015 BLUESTAR CAPITAL BRIDGING THE GAP BETWEEN AFRICA AND THE GLOBAL MARKETS BY USING INNOVATIVE APPROACH TO CORPORATE AND INVESTMENT BANKING IN AFRICA. WHO WE ARE Bluestar Capital was established in 2007 to provide specialist and innovative debt finance solutions to broad range organisations, across Sub-Sahara Africa. Bluestar Capital is part of Bluestar Group of companies, a leading international Trade group with over five decades of experience in Africa. The company advices and arrange capital for broad range of clients including, Public Sector, State companies, Local enterprises and financial institutions...
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...barclays.com/annualreport08 Annual Report 2008 Report Cover: Produced using 50% recycled fibre and pulp bleached using Elemental Chlorine Free (ECF) process. Report Text: Produced from 100% post consumer waste. Both mills are certified to the ISO 14001 environmental management standard. Barclays PLC Annual Report 2008 “ We thank our customers and clients for the business they directed to Barclays in 2008. High levels of activity on their behalf have enabled us to report substantial profit generation in difficult conditions. Our priorities in 2008 were (and remain): to stay close to customers and clients; to manage our risks; and to progress strategy. ” John Varley Group Chief Executive © Barclays Bank PLC 2009 Registered office: 1 Churchill Place, London E14 5HP Registered in England. Registered No: 48839 9910115 www.barclays.com/annualreport08 51° 30' 36"N London, UK 12pm GMT Contents Business review 3 Barclays today 4 Key performance indicators 6 Group Chairman’s statement 10 Group Chief Executive’s review 12 Financial review 15 Corporate sustainability 66 Our people 68 Risk management 69 Governance 151 Board and Executive Committee 152 Directors’ report 154 Corporate governance report 157 Remuneration report 171 Accountability and audit 187 Financial statements 189 Presentation of information 190 Independent Auditors’ report/Independent...
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...Product strategy At DSU they are looking to expand in all areas to keep the school growing. Majority of the students will be prompted at the end of semester to give their feedback on the class and the instructor. DSU is looking to go more hybrid, which is a term for the online classes. This will give students and staff the flexibility that they would need if they are working professionals that don’t have the time for an in class lecture. DSU mobile campuses will be designed and aim to provide students with all of their needs and advice. Expanding will be an excellent opportunity for students at other colleges, providing that extra level of education that they will need in the future. DSU will offer a Career Development program, where students will be equipped with knowledge, and hands on training that will be useful in their future. The program will be 12 weeks taking students through every area of their department. DSU will expand its brand over the years in different locations around the Mississippi area. The Product itself: DSU will expand its outlets to more than the Delta area of MS, the university will find small unsuccessful colleges to collaborate with. The institution will offer more products (programs) and additional services upon request from other locations. DSU will offer students special discounts to company’s employees that want to pursue higher education. The online programs will have a more academic selection to choose from. Students will be able to select...
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...Case Study on Barclays Bank Introduction This case study paper will analyze the economics of Barclays, one of the largest financial providers in the UK and in the world. It will also use Barclay’s example to illustrate the peculiarities of banking industry functioning. Overview of the Business Barclays is an international financial services provider operating in more than 50 countries and serving more than 42 million customers worldwide. It engages in commercial banking, investment banking, wealth management and asset management. Its commercial banking arm offers services to British and international customers, including current accounts, savings accounts, mortgages, insurance, credit cards and consumer loans. It has a majority stake in Absa, a major South African bank. It has recently acquired Russia’s Expobank and announced its intention to buy Indonesia’s Akita. Barclays’ investment banking and investment management business cluster consists of Barclays Capital, Barclays Wealth and Barclays Global Investors. Barclays Capital is an investment bank that also offers consultancy, financing and risk management services. Barclays Wealth provides private banking, asset management, stockbroking, offshore banking, wealth structuring and financial planning services. Barclays Global Investors is one of the world’s largest asset managers and providers of investment management products and services. Barclays’ net income amounted to £23,000 million in 2007, up from £17,333 two years earlier...
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...F a c u l t y of S c i e n c e APK Tel No +2711 559 4562 Fax No +2711 559 3207 DFC Tel No +2711 559 6349 Fax No +2711 559 6425 e-mail web-science@uj.ac.za 16 November 2015 Dear Student REGISTRATION 2016 This letter contains information about the 2016 registration period for the Faculty of Science at the University of Johannesburg (UJ). Please read through the letter carefully and do not hesitate to contact the Faculty Office should you have any queries regarding registration. 1. REGISTRATION ARRANGEMENTS 1.1 The “Online Registration Guide” which contains information relating to the registration process and contact details, is available online at uconnect.uj.ac.za click on Registration. All students will be able to register online (off-campus) from Monday, 11 January 2016. Should you be unsuccessful with off-campus online registration you are welcome to visit the Faculty on your specific registration date and time, to assist you with registration. Please note that should you not register for your qualification before or on the scheduled date, your place cannot be guaranteed. The final on-campus registration schedule is available online at uconnect.uj.ac.za click on Registration or contact the call centre on (011) 559 4555 for more information. No student may attend lectures for a module/course if they are not registered for it. 1.2 The Faculty of Science on-campus registration venues: Auckland Park Kingsway campus (APK) – D1 Lab 109 Doornfontein...
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...INTEREST RATES STRATEGY 24 February 2011 Understanding OIS discounting The Dodd-Frank Act mandates central clearing for most swaps and the collateralization of uncleared swaps on dealer balance sheets. OIS discounting is the technically correct approach for pricing and valuing collateralized swaps, and it involves a thorough reconsideration of traditional pricing and valuation techniques. In this note we provide background and touch on some technical nuances involved. The traditional method of discounting using a Libor curve misstates the required collateral on a swap and its mark-to-market value. When collateral earns OIS, collateral and mark to market should be based on valuations that discount using a risk-free curve, such as the OIS curve. Investors need to rethink the relationship between forward rates and par rates. For the same par swap curve, if the curve is upward sloping and Libor-OIS spreads are positive, forward rates are lower under OIS discounting than they are under Libor discounting. The mark-to-market impact of a switch to OIS discounting from Libor discounting should materially affect only aged or off-market swaps, since the mark-to-market value of a par swap at initiation is zero under both discounting schemes. Possible market impact: − Impact on directional books: Given the rally in rates over the past few years, natural receivers of swaps should benefit and natural payers could lose in a switch to OIS discounting. This has implications...
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...Entrepreneurship Business plan FOR Expressionz.com NIDA SAEED SANIYA ANWAR BBA V MIS Fatima Salahuddin BBA VII MIS November 23, 2006 COMPANY PROFILE The company for which we are developing the online business strategy is a hypothetical business and does not have physical existence. However, after establishing the business through its website, we plan to expand the business by opening offline stores as well. Thus the ecommerce model that we will be implementing is Click ( Brick. But the expansion of business is subject to its online success. BUSINESS OVERVIEW Though the company is a new entrant in the online greeting industry, the concept of such business is quite old and very popular as well. Considering the Pakistani situation, sending free ecard greetings’ trend has increased drastically over last few years. People prefer greeting each other by sending ecards or by using sms services offered by their respective mobile services. Main reason for this inclination is the postal services’ cost i.e. Rs. 8 for Pakistan Post (with a very low probability of reaching the desired destination) and Rs. 25-100 for other courier services. Following are the Pakistani sites that provide free ecard and gifts services in line with other major services, but there exists no single Pakistani site that is in greetings (ecards, gifts etc.) business solely. Thus this business will have a competitive advantage since its inception. http://www...
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...ECO1011S: ESSAY The South African government’s recognition of the critical need for infrastructure investment is exemplified by the creation of the Presidential Infrastructure Coordinating Commission (PICC) in April 2012. However, 76% (R58.5 billion) of new infrastructure developments in 2011 came from the private sector (Munshi, 2012). An analysis of the importance of investment and investment rates for economic growth and employment, the relevance of South Africa’s capacity utilisation level and its relationship to businesses’ cash stockpiles, and the government’s New Growth Plan will give an overview of South Africa’s current and future investment level, and its implications for economic prosperity. Public and private investment and increased investment rates are vital for current and future economic growth. An increase in government spending on goods and services and/or a fall in the interest rate causes the aggregate demand curve to shift to the right, which leads to an increase in Real Gross Domestic Product (GDP) (Parkin et al, 2010): Figure 1 (Parkin et al, 2010: pg 615) 615) Workers are hired by firms to enable expanded production, and the unemployment levels decrease. However, there is no guarantee as to the extent of this causal effect, as the relationship between economic growth and job creation has weakened over the past few decades, due to labour regulations and growth in high-skilled areas (Neethling, 2012): Figure 2 (Neethling, 2012) Investment...
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...change in customer buying patterns, new products being introduced to the market, inadequate market performance, and profitability. Furthermore in evaluating consumers management must first determine if it will be able to meet the needs of large consumer segments (Stock and Lambert, 2001). Imperial Logistics has created a large customer base in almost every industry from: retail, construction, mining and minerals, technology, chemical, automotive, FMCG, to petro-chemical and agriculture and forestry. Imperial logistics has diversified customer list with reputable brands such as Woolworths, Tiger Brands, Heinz, BAT, Brandhouse, Distell, Nampak, Mondi Packaging, Tetra Pak, CONSOL, PG Group, Mittal, Shell, Sasol, Lafarge, Toyota, BMW, Porsche, ABSA and Standard Bank (Imperial Logistics, 2010). 2. Evaluation and Selection of Target Markets: The goal should be to select target markets that promise to generate the highest returns per segment. The selection of which must take into account the strengths and weaknesses of the company (Stock and Lambert, 2010). Imperial Logistics, values customers’ businesses as much as they do. As a strategic out-sources logistics and supply chain partner, they multi-disciplinary specialists develop market and future oriented solutions in response to...
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...Banking and Financial Systems SOUTH AFRICA [pic] | | Summary Introduction page 3 I) Executive Summary. page 4 II) The Financial System: page 4 A) The Banking System page 5 B) The Financial Market page 7 III) The Legal Side: page 7 A) Legal Framework page 7 B) Regulatory Oversight page 8 IV) Depository-Taking Institutions. page 9 V) Banking Issues and Challenges Prospect. page 10 Conclusion page 12 Sources page 12 Annexes page 13 Introduction For years ago, South Africa has been facing a lot of racial, political and demographic problems. On the first hand, this country must face these elements and on the other hand it must still working to become a powerful economic country in the world. With this report we are going to develop the Financial System of South Africa which is a key sector in the country. The South Africa Gross Domestic Product is worth 277 billion dollars or 0.45% of the world economy, according to the World Bank. While it contracted 2.80% over the last 4 quarters, the economy was expected to move back into growth in the last quarter of the year and GDP growth of 1.5% is forecast for 2010, rising to 3.2% by 2012. South Africa has a two-tiered economy; one rivaling other developed countries and the other one with only the most basic infrastructure...
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...Equity Research Industrials | U.S. Autos & Auto Parts 12 February 2015 Tesla Motors Inc. Another reminder of challenges ahead EQUAL WEIGHT Stock Rating Unchanged NEUTRAL Industry View 4Q print validated concern that crossing the chasm is tougher than it looks: Last week we caught the ire of Tesla bulls by lowering our estimates based on concerns about production delays and rising opex and capex (see “Crossing the chasm is tougher than it looks”). The 4Q print validated many of those concerns. Behind an EPS loss of 13c vs. consensus +30c were several soft spots – Tesla missed 4Q deliveries and guided softly for 1Q’15, ZEV credits artificially boosted results, opex grew faster than expected, and capex was guided well ahead of our conservative model. The result reinforces that Tesla’s push to become a mass market OEM is much harder than it looks. We reiterate our EW rating and remain cautious on the stock near-term. Unchanged USD 190.00 Price Target lowered -5% from USD 200.00 Price (11-Feb-2015) USD 212.80 Potential Upside/Downside -11% Tickers TSLA 26681 Shares Outstanding (mn) Don’t get caught up with ambitious mid/long-term targets…: Despite the weak quarter, there was enough to keep the die-hard bulls interested. Our take - don’t get caught up in it. On the demand side, Musk noted Tesla could reach its ‘15 S/X delivery guide of 55k even ex. China, and has a “secret weapon” which could be deployed later ...
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