Bloogle
26Feb/111

Highest paying jobs in Africa

Company directors and chief executives continue to dominate the number one spot with an average salary of R1.9 million per year.

Here are the top paying jobs in Africa.

Directors and Chief
Executives
What they do*: Directors and CEOs are responsible for a company's overall performance and answerable to its share-holders.
How to get there: The likes of Sir Richard Branson and Sir Alan Sugar are in the minority of UK chief executives, with the majority traditionally requiring a degree and possibly an MBA.
What they earn: R1.9 million

Brokers
What they do: Their basic salary may only position
them as second on the list but, with some city brokers earning bonuses in excess
of R22 million a year their place in real terms can be much higher. A broker manages the
investment portfolio of private clients or companies by buying or selling stocks
and shares to generate the maximum return on investment.
How to get there: A degree in any discipline
although a business, economics or finance degree would be advantageous.
What they earn: R1.5 million

Financial Managers and Chartered
Secretaries
What they do: Financial managers provide advice,
financial and strategic support -- such as budgetary controls or financial
implications of a particular course of action -- to organisations to enable them
to make effective business decisions. Chartered secretaries work at board level
to ensure that an organisation complies with regulations and provide legal,
personnel, property and financial advice. With their key business knowledge
across a wide range of operational areas, chartered secretaries are highly
valued by their organisations.
How to get there: Financial Managers require a
degree in any discipline coupled with professional accountancy qualifications.
The Institute of Chartered Secretaries and Administrators recommends that
entrants have a degree in law or business.
What they earn: R892000.00

Medical Practitioners
What they do: Medical Practitioners provide
primary and ongoing care in the community for patients. They are skilled in
diagnosing a patient's condition based on physical, psychological and social
factors and recommend patients for further treatment or referred to hospital
clinic if required.
How to get there: A degree in medicine is
essential obtained over a five-year period (or four years for a graduate entry
programme), followed by a two-year foundation programme whereby junior doctors
will earn up to R395 000.00 per year.
What they earn: R831 000.00

Aircraft Pilots and Flight
Engineers
What they do: Exactly what it says on the tin --
to fly commercial, business or freight aircraft on short- or long-haul flights.
How to get there: A-levels/HND are sufficient and pilots must
undertake an intensive training programme to obtain their commercial pilot's
licence (CPL) and Airline Transport Pilot's Licence from a CAA-approved training
school. Oh, and you'll need a good pair of sunglasses, too.
What they earn: R797 000.00

Air traffic Controllers
What they do: With more than 500 million
passengers travelling to and from African airports every year, air traffic
controllers really do have their work cut out. Their job is to manage the safe
take-off and landing of several aircraft at the same time by monitoring and
controlling an aircraft's height, speed and course.
How to get there: Contrary to common assumptions,
entry is not the preserve of university degree holders, although an increasing
number of graduates are entering the profession. The minimum requirement is five
GCSEs (grades A-C including English and Maths) in addition to two A-levels/GNVQ
advanced level. Most people enter the profession via the National Air Traffic
Services (NATS).
What they earn: R723 870.00

Police Officers (Inspectors and above)
What they do: A detective police inspector is a middle
manager who is responsible for supervising the ranks of constable and sergeant
and acting as a link between the investigating team and senior officers. And
they are usually the public face of the Force - responsible for ensuring good
community relations. Tact and diplomacy are essential characteristics, unlike
Inspector Clouseau who famously commented, "Madame, that is by far the ugliest
nose I have ever seen and I compliment you on it, it suits you!"
How to get there: No formal requirements, entry is
open to anyone with a clean criminal record.
What they earn: R637 699.00

Solicitors, Lawyers,
Judges and Coroners
What they do: Solicitors fall into two categories:
commercial and non-commercial. Broadly speaking, they provide a wide range of
legal support and advice to business and private clients on issues such as
landlord and tenancy agreements, buying and selling property or matrimony.
Judges are the arbitrators appointed to oversee the legal proceedings in court.
Coroners direct and conduct the post-mortem investigation to determine the cause
and responsibility for an accidental, unexplained or violent death.
How to get there: Solicitor - degree (any
discipline) or via the legal executive route. Judge - qualification upon
completing minimum seven years as a practising solicitor. Coroner - must be a
qualified barrister, solicitor or medical doctor.

What they earn: R629 810.00
Marketing and Sales Managers
What they do: Marketing and sales managers are
tasked with developing and launching new products into the marketplace,
implementing marketing plans, creating brand awareness and, ultimately,
increasing sales.
How to get there: Marketers typically enter the
profession upon graduation (a degree in Marketing or Business is not necessary
but is advantageous) or after completing either a HNC or HND. Professional
marketing and sales qualifications can be obtained through the Chartered
Institute of Marketing.
What they earn: R621 220.00

Purchasing Managers
What they do: Purchasing Managers are responsible
for buying equipment, goods and services for their company. Their main aims are
comparing costs, quality and service in order to get the best value for their
employer. In larger organisations they run a purchasing department and lead a
team of buyers and administrators.
How to get there: One way to start is as an
administrator or assistant in a company's purchasing department. For some jobs,
employers may prefer you to have qualifications and technical knowledge in your
particular industry. You may be able to join some large companies through a
management training scheme.
What they earn: R615,675.00

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Filed under: Finance 1 Comment
26Feb/111

Eminem: the most liked artist on Facebook

New York – It’s official: Eminem is the most “liked’’ living artist on Facebook.

The Detroit rapper overtook Lady Gaga this week for the distinction, currently coming in at over 28 883 000 “likes” as opposed to Gaga’s 28 872 000.

Eminem (38) is currently averaging more than half-a-million “likes” a day, according to Famecount. At this rate, he will soon surpass Michael Jackson as the most “liked” artist on Facebook, as the King of Pop currently sits at 29.1 million “likes”.

However, in the broader picture of social influence, Gaga is far ahead of Eminem in terms of Twitter followers, with more than 5 million more followers than he; he also goes through long dark periods.

And earlier this week, the rapper reached 1 billion plays on YouTube, making him only the third artist to pull off the achievement.

However, he still trails both Gaga and Justin Bieber in the category by more than 190 million and 340 million plays, respectively.

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Filed under: Random 1 Comment
26Feb/111

EVITA returns to Theatre at Montecasino for a second run

The rise and fall of Argentina's first lady, Eva Peron, is played out in this hit musical which made Elaine Paige a star, was filmed with Madonna and Antonio Banderas, and was recently revived in London to great critical acclaim. EVITA features the hit songs "Don't Cry for Me Argentina", "Oh, What a Circus", "Beunos Aires", "Another Suitcase in Another Hall" and "High Flying Adored".

Director: Paul Warwick Griffin
Musical Director: Charl-Johan Lingenfelder
CAST LIST:
Eva – Angela Kilian
Che – Kenneth Meyer
Peron – James Borthwick
Magaldi – Anton Luitingh
Mistress – Lynn Thompson
Ensemble: Reg Hart, Niall Griffin, Kyle Mathews, Grant Almirall, Graham Bourne, Pieter Tredoux, Marc Goldberg, Pauline du Plessis, Hanlee Louw, Candice van Litsenborgh, Tammi Meyer, Courtney Jonas, Chantall Herman & Megan Carelse

Bookings now open at the theatre and Computicket.com!

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26Feb/111

Dreamgirls – the musical in South Africa

The production will take place between March and June. The show will be produced by Hazel Feldman and will look for South African actors to play the entire cast.

Full of onstage joy and backstage drama, Dreamgirls is an international award winning smash hit Broadway musical featuring a multi-talented all-South African cast that brings to life the brilliant energy, history and magic that grew out of the music of the 1960`s and 70`s. The lavish Dreamgirls costumes and innovative set design never fails to enlighten and captivate audiences, creating a new generation of dreamers. Live the dream.

For more information and tickets visit www.computicket.com

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26Feb/111

Trey Songz – Love Faces

Topping the charts with Trey Songs

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Filed under: Music 1 Comment
26Feb/111

Jamie Foxx – Fall For Your Type ft. Drake

Magnifesent vedio i must say!

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26Feb/110

Nicki Minaj – Moment 4 Life ft Drake

Nicki Minaj is at it again with her new number 1 hit: Moment 4 Life.....

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26Feb/110

Petrol going up 43c a litre

This means that the retail price of petrol 93 ULP (unleaded petrol) and LRP (lead replacement petrol) as well as Petrol 95 ULP & LRP would increase by 43 cents a litre.

A litre of petrol 95 ULP (unleaded petrol) in Gauteng would now cost R9.42.

Petrol 93 ULP & LRP (lead-replacement petrol) in Gauteng would now cost R9.27 a litre.

The price of diesel with a 0.05 percent sulphur content would increase by 64 cents a litre.

The price of diesel with a 0.005 percent sulphur content would increase by 63 cents a litre.

The wholesale price of illuminating paraffin would increase by 70 cents a litre.

The single maximum national retail price for illuminating paraffin would increase by 94 cents a litre.

The department said the "sharp" fuel price increases were a result of the sharp increase in international crude oil prices.

During the review period, from January 28 to February 24, the price of Brent crude oil increased by US14 per barrel to US110.0 per barrel.

"This increase in international crude oil prices mainly culminates from the current political turmoil in the Middle East and North Africa which has a severe impact on crude oil supplies," the department said.

The increase in the prices of diesel and illuminating paraffin was due to the high demand for heating fuels in America and Europe.

This had led to substantially higher anticipated increases in the prices of diesel and illuminating paraffin compared to that of petrol.

The value of the rand had deteriorated sharply against the US dollar, which had also contributed to the fuel price increase.

"This weakening of the value of the rand against the US dollar contributed to about 26.0 cents per litre in the anticipated fuel price increases."

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Filed under: South Africa No Comments
26Feb/110

Sanlam sells Shoprite

The Shoprite Group is the largest fast moving consumer goods (FMCG) retailer in Africa – selling food, liquor, general merchandise and furniture. Its various chains operate 1166 corporate stores and 328 franchise stores across 16 countries, giving it the biggest retail footprint across the continent.

The Group’s primary business, the corporate supermarket division, operates under three different brands; namely Shoprite, Checkers and Usave, each serving a different end of the market. This allows it to service consumers of all income levels with an offering distinctively tailored to meet their specific needs and requirements.

It is also the best positioned of all the South African food retailers in the middle to bottom end of the food retail market – the fastest growing end of the SA market. It is therefore well placed to take advantage of the growing middle class and the formalisation of the informal market.

What we like

The company was one of the first retailers to move to a centrally distributed replenishment system, which has allowed it to better manage its inventory and improve its in-store stock availability and the consistency of its offerings to the consumer.

Shoprite has first-mover advantage in developing a retail footprint in the rest of Africa, which has better growth prospects and a far less formalised retail market than South Africa. Its presence on the continent is therefore likely to serve the group well during the years ahead.

For all of these reasons, we have been big shareholders of Shoprite over the last few years – but even good companies have a price above which we feel the valuation would be stretched.

The share is currently trading at a 22.6 times price-to-earnings (PE) ratio compared with its historic average PE of 15.3 times over the last 10 years.

What we don’t like

The current market price is implying that the company can grow and sustain its operating profit margin at levels in excess of its present historically high operating profit margins, which we already view as peak margins for the business.

Competitors like Pick n Pay and Massmart are also actively targeting the middle to bottom end of the food retail market as an area of future growth. This is the heartland of the Shoprite group, which it has largely had to itself but where it will face increased competition in the future.

All the big competitors have already set up, or are in the process of setting up, central distribution centres in an attempt to catch up with Shoprite.

These developments should increase competition in its primary markets and should start putting pressure on Shoprite’s margins.

Although we do like the business economics of this business, as value investors we believe the counter is currently pricing in too much blue sky for us to remain invested.

Bottom line

Shoprite is the best-positioned food retailer in South Africa but, at R104 and trading at a 22.6 times price-to-earnings (PE) ratio, the stock has become expensive.

Article published courtesy of Sanlam Investment Management.

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23Feb/110

Can SA win a Cricket World Cup?

South Africa go into their sixth Cricket World Cup, which started on Saturday, with just three members of the squad having previously played in cricket's most important tournament. However, it's not something that concerns captain Graeme Smith.

"We do have a lot of inexperience in these sort of tournaments, but I think there are always two sides to the coin,"

Smith said in an interview last week.

"I think we carry a lot of fresh minds into the tournament, a lot of guys who are really energetic, who are going to just leave it all out there."

'They don't carry hurt'

"They don't carry hurt from past tournaments and it's going to be up to us [the three members with experience] to guide them and give them some experience in terms of how to go about things."

Star all-rounder Jacques Kallis, who along with Robin Peterson completes the three players with previous World Cup experience, agreed with his captain.

>"It's probably the least experienced side that we've taken to a World Cup, but having said that, it could also count in our favour. I also think we go into this World Cup as not one of the favourite teams to win it, which takes the pressure away a little bit, so I think there are a whole lot of things are counting in our favour,"

Kallis said.

"We can just go out and try and play some good attractive cricket, so who knows what can happen when one does that?

What are your thoughts?
Let us know.

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