Fin24.co.za reports that Reserve Bank govenor Tito Mboweni strongly hinted on Wednesday that interest rates were likely to go up rather than down, saying the bias in monetary policy was on the tightening side. He did not suggest that a hike was imminent.

“What Great managers do” by Marcus Buckingham, in an article in the March 2005 Harvard Business Review, based on his book, “The One Thing You Need to Know”. He starts with a great analogy:
“Average managers play checkers, while great managers play chess.”
The difference?

The 20th March 2006 issue of Fortune Magazine has a very interesting cover story entitled “How I work” in which various world-class business leaders were interviewed and give insight into their practical methods of achieving effectiveness in their work.

The Business Report confirms the entry of the formerly exclusively cash retailer Mr Price into the credit market.
Joint chairman Stewart Cohen says the move at the fast-growing retailer is more about offering a credit option to customers, and argues that the long-term future of in-store credit will increasingly be threatened by bank credit cards.

An article appearing in the Sunday Times reports credit growth in January 2006.
Economists said the figures would be of concern to the Reserve Bank, and further support keeping interest rates unchanged at its meeting next month, as oil prices have also risen in recent weeks.
Figures released by the Bank show that private sector credit extension rose by R16,7bn during the month, bringing year- on-year growth to 20,4% (19,6%).

The regulations that set out the nuts and bolts operation of the National Credit Bill have been released by the Department of Trade and Industry on the 20th February 2006 and can be downloaded.
After public comments have been received, President Mbeki is expected to sign the National Credit Bill into law.
In the next six weeks the public is urged to make their views known to the DTI, and it’s anticipated that final regulations will be published in April.