4Syte Music Video Awards: Shatta Wale and Sarkodie win big [Full list]

14 HOURS AGO  GENERAL NEWSShatta Wale (left) and Sarkodie The 10th edition of the annual 4Syte Music Video Awards came off at Kempinski Hotel on Saturday, November 16. The event saw dancehall artiste, Shatta Wale, taking home five awards, the highest number of awards won by an artiste on the night followed by Sarkodie, who came […]

Continue Reading

Preventive Health Agency calls for volumetric tax on cask wine

THE price of a four-litre cask of wine would double to almost $27 under a government agency’s plan to overhaul alcohol taxation. But wine now costing more than $20 a bottle could become cheaper under the plan, which could raise the government around $900 million. The Australian National Preventive Health Agency will today reject calls […]

Continue Reading

Water companies to charge interest on overdue accounts for Melbourne households

MELBOURNE households face another cost-of-living sting, with water companies gaining crucial support to charge interest on overdue accounts. Consumer groups have branded the move a blow for customers. But water businesses are adamant the vulnerable will be protected. The Essential Services Commission has recommended allowing metropolitan providers to charge interest on unrecovered money from next […]

Continue Reading

Beware the building cost of carbon tax

THE introduction of the carbon tax on July 1 has received much attention, with most commentators acknowledging that it will have far-reaching implications. Despite this, Master Builders has been surprisingly unsuccessful in pointing the spotlight at the inevitable impact the carbon tax will have on the cost of building and, in turn, housing affordability. Unlike […]

Continue Reading

BANKS’ failure to pass on full interest rate cuts is forcing more homeowners into mortgage arrears across Australia, a new report shows.

Research by global ratings agency Moody’s reveals that mortgage customers are increasingly defaulting on their payments – albeit at low official cash rates – as house prices slide and equity falls. While the national 30-day delinquency rate remained steady at 1.8 per cent in the 12 months to May 2012, they have spiked sharply in […]

Continue Reading

Moore Capital Management hedge fund trader Greg Coffey retires at age 41 with $665 million

A FLAMBOYANT hedge fund trader nicknamed the Wizard of Oz has announced his retirement at the tender age of 41 – with a fortune of $665 million (£430m) to enjoy. London-based Greg Coffey also has a portfolio of luxury properties dotted all over the world. Sydney-born and Macquarie University graduated Coffey, who famously walked away […]

Continue Reading