25% of companies reportedly refused applicants after investigating their Facebook profile.

Interesting facts about Facebook

1 in 13 people in the world today have a Facebook account. More than half of whom log in every day.

On average, 8 friend requests are submitted by a user each month.

25% of companies reportedly refused applicants after investigating their Facebook profile.

27% of users do not display the status of their relationship.

42% of men and 63% of women claimed to use Facebook to find a former lover.

The average Facebook user has 130 friends.

A total of 66 168 tagged photos are added on Facebook every minute.

2.176 million private message are sent via Facebook every 20 minutes.

Every day, 35 million people change their Facebook status.

Every month, 38 million Facebook users visit the page „Texas Holdem Poker‟.

Facebook‟s estimated worth is 32 billion pounds.

Standard’s results confirm recovery

Standard Bank’s results illustrate the positive effect of its cost-cutting restructuring and its refocusing of its investment strategy. Standard Bank ’s half-year results confirm a marginal recovery in demand for credit in SA.

The bank’s results, announced yesterday, illustrated the positive effect of its cost-cutting restructuring and its refocusing of its investment strategy.

 

The growth in loans and advances follows an announcement this week by the Reserve Bank that a consumer-led economic recovery is under way.

 

Standard Bank said headline earnings increased by 11% to R6,6bn and headline earnings per share rose by 10% to 418,4c, led mainly by its personal and business banking unit.

 

Group CEO Jacko Maree said Standard recorded growth in loans and advances of 4%, with personal loans rising by 7% and mortgages by 5%.

 

This was a sign “of recovering credit demand in SA”, Mr Maree said at the bank’s results resentation in Sandton.

 

Imara SP Reid banking analyst Darren Coulter said Standard’s performance was better than expected — particularly the growth in loans and advances. This contrasted sharply with the decline at Nedbank and Absa , which said last week that their loan demand had yet to recover from the financial crisis.

 

The recovery in credit appetite shows that despite high household debt , consumers are beginning to borrow. This is expected to help to sustain consumer spending, which is key to economic growth.

 

Mr Maree said Standard Bank had “turned the corner” and had sharpened its appetite for expansion through organic and acquisitive growth. The bank would deploy capital from the balance sheet of its UK-based subsidiary to fund business growth, particularly in SA, he said.

 

It would also expand in Africa by investing in existing businesses and acquisitions, including entering new markets.

Mr Maree said the group was benefiting from last year’s restructuring of its cost base and refining of its investment strategy in response to tepid revenue growth, particularly in international operations.

The refined strategy had so far resulted in two major asset disposals in Argentina and Russia, which will net $750m when the deals close later this year and early next year.

 

Mr Maree said, without giving details, that further restructuring would be made at the bank’s London unit. Standard planned to achieve savings of $75m on an annualised basis at its international operations, he said, without identifying where costs would be cut.

 

Analysts expected the cost savings to come from the sale of Standard’s stakes in banks in Argentina and Russia, which will would reduce its presence in those markets, as well as the possible retrenchments and redeployment of UK staff.

 

Mr Maree said there would be no “big bang” announcements on cost cuts , and the group envisaged making “smaller” announcements as and when there were material developments to report.

 

Source- www.businessday.co.za

Candidate Feedback

“Thank you so much for your email! It is not often that an agency get back to you with such comprehensive feedback. I appreciate it”.

Duncan & Associates in Durban

Although we are based in Sandton, Johannesburg, our reach extends to Cape Town and Durban. We have built excellent relationships with clients based in both cities and look to service these clients from Johannesburg. We have preffered supply agreements with clients in these areas.

We find a number of candidates from Johannesburg and abroad- London in particular- who wish to return home to Cape Town and Durban.

We have recently placed a candidate into the Durban market in a fantastic position.

If you are considering a move, and literally looking for a change of scenery please get in touch or view our jobs page for opportunities in Durban or  Cape Town.

Why use a Specialist recruitment agent?

Access to the most relevant opportunities in your market, with utmost confidentiality, saving you time and energy, across South Africa’s leading Financial Services organisations.

Market Knowledge-

 Whilst we would never suggest that we know more than a candidate’s specific market experience, we do have a holistic view of the market, and the knowledge of where opportunities exist. Candidates are focussed on their current roles, time is precious, and researching which clients are entering the market, growing, acquiring etc is not a priority. It is a priority for us- it is essential that we are fully aware of what is happening in the Financial Services arena in South Africa and beyond. We would not be a successful agency if we were not. We are able to present these opportunities to our candidates.

Confidentiality-

 Sending a CV direct to a client could end up in the wrong hands.  We completely understand that confidentiality, when considering new opportunities, is of the highest priority. The South African market is small, especially for front office candidates. We ensure that details are only sent with our candidate’s prior approval and knowing hiring manager details. CV’s will only be sent to relevant line managers, not left sitting on the wrong desk.

Advice-

 There are a number of areas we can advise candidates on to ensure that any potential move is the right one. We engage with our clients to understand their business strategy, goals and where they want to take their business or area. We also have background- through past experience of where potential opportunities could lead in the future. We advise on salary and total package candidates should expect.  We will also construct CV’s and a cover letters to enhance candidate’s experience. Given our close relationships with our clients we are able to discuss a candidate’s background and personality to secure interviews.

Time saving-

 Applying online or direct is time consuming- our candidates are busy. We act as our candidates eyes and ears, sounding out only the most relevant and suitable opportunities. We arrange all interviews, and requirements needed for an interview or assessment. Candidates may be considering a few options at once, and this is all taken care of by us. 

Access-

 With an excellent client reach to top tier domestic clients, Internationals and boutique Financial Services firms, we are able to give our candidates access to the best most suitable opportunities in the Financial Services market. These opportunities may not be presented to candidates that are not registered with us. We will only consider vacancies our candidates are interested in pursuing. Please contact us for a list of the clients we currently deal with.

 To register with us, please upload your CV or email direct to brettd@duncanassociates.co.za

For a confidential conversation call- 011 666 4542.

 Please note- as a Financial Services specialist, we are only able to consider candidates with experience in this area.

Written by- Brett Duncan, May 2011

Zuma seeks ‘fair deal’ in Africa’s ties with China

Delegates at World Economic Forum conference listen to Zuma’s request for a “different kind of relationship” that is not dominated by one side.

AFRICA must build a trade relationship with China that benefits the continent without becoming one-sided, President Jacob Zuma said yesterday.

China was approaching Africa without the baggage of the old colonial powers, which meant that a different interaction was possible, he told a conference organised by the World Economic Forum in Cape Town.

“With the coming of China comes a different kind of relationship … let’s do business,” Mr Zuma said. “We are very much aware of the size of China. We need to take a position that is clearly understood by us — how do we trade with China in a way that benefits us as well as them?”

China is SA’s main trade partner and the South African economy can benefit from a stronger relationship with the Asian giant, by importing cheaper goods from it. But this has the potential to hurt local manufacturing capacity.

Last month, SA joined the Brics group of key emerging markets, adding itself to Brazil, Russia, China and India. Mr Zuma made it clear that SA would represent Africa’s interests in the bloc, as well as its own. “Our relationship with China and the Bric countries must benefit Africa as well,” Mr Zuma said, speaking at a panel discussion titled Africa and the New Reality.

The conference, organised by the Geneva-based World Economic Forum, brought together African presidents, top government officials and company CEs for a brainstorming session on boosting the continent’s place in the global economy.

Mr Zuma sent a reassuring signal to business delegates at the event, saying it was important to “harmonise” political and economic decisions in a more globalised world.

“We can’t take a political decision that overlooks what is happening elsewhere,” he said.

Earlier in the session, Finance Minister Pravin Gordhan made similar comments. SA was already doing what it could to reduce red tape and create a more enabling environment for business, he said. “What we do need is a better and more straightforward dialogue between the private sector and ourselves,” Mr Gordhan said.

Botswana’s central bank governor, Linah Mohohlo, said that Africa should build on its success in weathering the global financial crisis. This year, African countries would grow faster than any other region apart from Asia.

SA should use its membership of the Group of 20 (G-20) countries to benefit other African states, Ms Mohohlo said.

She was sharply critical of a decision to remove Egypt from the chairmanship of the International Monetary and Financial Committee after unrest in the North African country. “We had to lose out as Africa,” she said.

Mr Gordhan spoke of the need to find alternative sources of finance for Africa as international aid flows dried up.

He was also critical of attempts by the G-20 to find ways of rebalancing global trade and investment flows.

“This has been turned into a technical exercise, and is becoming a geopolitical war,” he told the conference.

But the business case for Africa was being recognised, especially by companies which saw that a 20- to 40-year commitment was required, Mr Gordhan said.

The World Economic Forum’s competitiveness survey ranks SA behind China and India but ahead of Brazil and Russia.

Source: businessday.co.uk

Efficiency

“I just want to thank you once again for your assistance and efficiency, and for staying in touch. I wish Duncan & Associates everything of the best for the future.”

An Insightful Conversation:

CFO asks his CEO, “What happens if we invest in developing our people and then they leave the company?”

CEO answers, ‘What happens if we don’t, and they stay?”

The future looks bright

Crime, HIV, corruption… We, seemingly, live in dark days, yet there’s never been a better time to invest, or live, in South Africa than the present.

There were no “good old days” in this country.  It’s natural that some beg to differ; humans have an uncanny ability to forget, and some have a vested interest in doing so.  We forget that 14 000 died during the early nineties in political violence that almost led to civil war.  We forget apartheid and the terrible and constant state of distrust, paranoia and fear that reigned.  We forget our isolation from the world.  We forget the young (barely) men that died fighting constant wars on our borders.  We forget our Total War in the early 1900s.  Each “tribe” or “nation” in this disparate country has been battling every other one at some point.  We forget that this is the first time in our history that we’re at peace.

We still have so far to go, and that makes it hard to realise how far we’ve come, but our future is bright; we’re transcending our horrific past and less–than-perfect present.

South Africa has no enemies; a war seems almost unimaginable.  We sit comfortably around the table with the West and the developing superpowers.  Even our ally’s enemies are not our enemies.  We are the world.

The drop in the rate of violent crime is relentless though, admittedly, off a very high base.  The number of murders in South Africa has dropped from 25 925 in 1995 to 18 341 in 2009.

However, the main reason to be positive about South Africa, in my opinion, remains purely economic.

Not only have we recently become part of the rising BRICs (Brazil, Russia, India and China), but being the most developed economy in Africa places us in a unique position to gain from the renaissance happening elsewhere in Africa.

In the decade to 2010, six of the world’s ten fastest-growing economies were in sub-Saharan Africa.  Angola, where we were fighting a war a generation ago, has the highest GDP growth rate on earth.

The IMF forecasts that seven of the top ten fastest-growing economies in the next ten years will be African, while Standard Chartered forecasts Africa’s economy to grow at an average annual rate of seven percent over the next 20 years, marginally faster than China’s.

Our improving fortunes will increasingly be driven by skyrocketing commodity prices due to rising developing nations’ vast and ever-increasing demand for resources that we possess in almost embarrassing abundance.

Economic management is improving and, in stark contrast with past governments, we have a conservative Treasury that, even in face of daunting challenges, has kept a tight rein on the purse strings. 

South Africa is politically stable with a strong rule-of-law that is enforced by a fiercely independent judiciary.  Corruption, where it happens, gets exposed by a free and vibrant media. 

Consultancy firm PriceWaterhouseCoopers recently released a report, “The World in 2050″, in which it projects that South Africa will be the seventh fastest-growing economy on the planet between now and 2050.

We’ve got a plethora of very complicated problems, but none more so than those we’ve successfully dealt with in the past.  The trend is set – the future looks bright…

Source: iafrica.com

http://personalfinance.iafrica.com/moreinvest/721297.html

Honest person to deal with….

“Hi Deborah,

I was just chatting to my colleague about you, and the fact that you are an awesome, upfront, honest person to deal with, and how impressed I was from the time you called me. My colleague is also putting her feelers out for new opportunities. I am passing on your contact details. She will be in contact with you, please don’t be startled if you see a CV come through from her. “