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Picture: SUNDAY TIMES

Nersa says no to Eskom tariff increase

10 hour(s) ago

National Electricity Regulator of SA turns down application to raise price of electricity, says utility did not provide reasons for delays in commissioning stations

Europe

Greece will miss deadline for IMF loan payment, says official

Christine Lagarde. Picture: REUTERS/CHARLES PLATIAU
5 hour(s) ago

Confirmation that Greece will not be able pay a €1.6bn euro loan instalment highlights the depth of the financial crisis the country faces

Labour

Gold companies table opening offers

Picture: AFP PHOTO/OZAN KOSE
6 hour(s) ago

NUM says negotiators are ‘poles apart’ after miners offer wage increases of between 7.8% and 13% at entry level, as well as profit sharing

Energy

Eskom to study Nersa decision to reject tariff hike application

Thava Govender.  Picture: RUSSELL ROBERTS
7 hour(s) ago

Power utility says it will study details of Nersa’s decision and consult government before commenting further on impact of decision

National

State to appeal High Court’s Bashir judgment

Omar al-Bashir. Picture: REUTERS/SIPHIWE SIBEKO
13 hour(s) ago

Government set to appeal High Court judgment that found it should have arrested Sudanese President Omar al-Bashir while in country for African Union summit

Europe

Chances of Greek euro exit balancing on knife’s edge, snap poll shows

Picture: THINKSTOCK
6 hour(s) ago

Greece is almost certain to miss €1.6bn payment to International Monetary Fund but it’s touch-and-go whether it will have to leave eurozone, poll finds

African News

Killing of Lesotho’s former army chief, arrests deepen instability

Picture: THINKSTOCK
11 hour(s) ago

Killing of Maarparankoe Mahao and series of arrests of soldiers spark concern political instability is worsening in southern African mountain kingdom

Financial Services

Visa denies Fundamo shutdown

A Gazprombank sign for Visa, MasterCard and Union Card on the door of a shop in St Petersburg. Picture: REUTERS
9 hour(s) ago

Contrary to what a number of Memeburn sources say, Visa says it is ‘keeping Cape Town office open’ and that Fundamo, Africa are ‘still incredibly important’

Henry Kissinger — US secretary of state in the Nixon administration, during the Vietnam War — sits calmly as demonstrators demand his arrest prior to a Senate hearing on Capitol Hill in Washington in January. Picture: REUTERS//GARY CAMERON

Low blows for moral high ground

The belief that the International Criminal Court targets Africans reveals many political blind spots, writes Hans Pienaar

Columnists

John Kane-Berman: Contemplating imposition of a national minimum wage is an indication of how far those ruling SA have journeyed into cloud cuckoo ...

National minimum wage for SA belongs in cloud cuckoo land

Columnists

Lucy Kellaway promo

The dismal narcissism of executive step counters, writes Lucy Kellaway

Obsession is overstepping the mark — you can count on it

Energy

Nersa’s decision to reject Eskom tariff hikes paves way for energy-sector reform‚ says DA

Eskom's Medupi power plant. Picture: SOWETAN
8 hour(s) ago

Energy regulator’s decision to reject Eskom’s application for tariff increases opens way for long-term reform of sector, and is ‘victory’ for all electricity consumers

Labour

Youth unemployment has worsened since 2008, Stats SA report shows

Picture: THINKSTOCK
11 hour(s) ago

Youth unemployment deteriorates between 2008 and first quarter of this year, and more young people give up looking for work, youth labour report shows

African News

Polls open in Burundi despite grenade attacks

A woman casts her vote at a polling station in Kinama neighbourhood during a parliamentary election near Bujumbura, in Burundi. Picture: REUTERS/PAULO NUNES DOS SANTOS
11 hour(s) ago

Assailants throw grenades in both Bujumbura, some provincial voting centres ahead of controversial elections, delaying start of voting in many areas

Markets

Markets brace for 61-second minute

Picture: THINKSTOCK
14 hour(s) ago

Planet is slowing down, but clocks are not, so every few years one second is added, this will be first leap second during trading hours since markets went electronic

Picture: THINKSTOCK

SA office spaces are all dressed up — with no one to fill them

Sluggish economy hits property funds as few companies seek new office space, writes Alistair Anderson

Labour

Gold companies to base offers on individual circumstances

Picture: REUTERS
9 hour(s) ago

Chamber of Mines says five companies negotiating increases in sector will put forward wage, gain-share offers based on individual financial circumstances

Europe

Climate of rumours and conspiracy envelops Greece

French President Francois Hollande delivers a statement after holding a council meeting on Greece at the Elysee Palace in Paris, France, on Monday.  Picture: REUTERS
10 hour(s) ago

Greeks struggle to adjust to shuttered banks, closed cash machines, conspiracy theories as breakdown in talks between Athens, creditors plunges country into crisis

Politics

NEWS ANALYSIS: ANC’s two-thirds problem means honeymoon is over

The ANC needed the support of a number of the smaller parties to get the majority vital for Cecil Burgess’s nomination as inspector- general of intelligence. Picture:TREVOR SAMSON
18 hour(s) ago

Cecil Burgess vote delay shows in the National Assembly there is just one opposition vote left that the ANC can count, writes Wyndham Hartley

Financial Services

New African Bank set for slow rise from ashes

Tom Winterboer.  Picture: RUSSELL ROBERTS
18 hour(s) ago

Questions remain on what led to the failure of the unsecured lender and who should be held responsible

Industrials

KWV seeks to tap into Russia and US

18 hour(s) ago

Bid for new overseas markets to increase profit and make KWV Holdings a global, diversified alcoholic beverages group

Telecoms & Technology

Econet sets sights on money transfers in SA

Picture: THINKSTOCK
18 hour(s) ago

Zimbabwe’s biggest mobile network operator Econet Wireless takes on Western Union or MoneyGram to serve 1-million registered mobile money transfer customers in SA

Europe

Bank wary of ultra-low global interest rates

Picture: THINKSTOCK
18 hour(s) ago

Bank for International Settlements warns global economic growth remains uneven, debt in many areas high and rising, and explosion of credit growth shows renewed financial imbalances

Transport & Tourism

Hanekom orders review of Tourism Indaba

Durban Tourism Indaba. Picture: RAJESH JANTILAL
19 hour(s) ago

Tourism Minister Derek Hanekom plans overhaul of ‘uncompetitive’ annual Tourism Indaba and plans fresh partners

Transport & Tourism

Putco cancels bus services in three municipalities

Putco bus. Picture: GALLO IMAGES
8 hour(s) ago

Putco Bus Services indicates its intention to cease operations in Tshwane‚ Ekurhuleni and Sedibeng municipalities with effect from Tuesday

Europe

Blow to British fracking as drilling plans rejected

Hydraulic fracturing drilling. Picture: THINKSTOCK
6 hour(s) ago

Britain’s hopes of expanding shale gas industry suffer blow when local authorities reject plans for exploratory fracking site in northwest England following protests

Europe

Greek banks to remain closed for a week after run on ATMs

Greek banks closed. Picture:  REUTERS/ALKIS KONSTANTINIDIS
13 hour(s) ago

Greece announces it will shut banks and impose capital controls, pleading for calm after citizens empty cash machines in dramatic escalation of country’s debt crisis

Americas

Amazon to offer loans to sellers in China, seven other countries

OVERKILL: Amazon’s Mechanical Turk online work marketplace proved a useful resource for researchers wanting to discover at what point in-your-face advertisements become counterproductive.  Pcture: BLOOMBERG/DANIEL ACKER
9 hour(s) ago

E-retailer will launch loan plan for small sellers later this year in eight more countries where credit is becoming key factor in competing for new vendors

Politics

Leaked paper exposes ANC alliance frailties

Gwede Mantashe. Picture: PUXLEY MAKGATHO
18 hour(s) ago

‘Frank and honest’ bid to describe weaknesses besieging the alliance says dirty money from private companies is being used to fight for positions in the ANC

Economy

Mboweni and Maasdorp off to Brics bank

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON
18 hour(s) ago

New bank is expected to have $100bn in subscribed capital when it is fully operational, with a further $100bn as a reserve currency pool

National

DA’s Marikana bill will test ANC

Mmusi Maimane. Picture: SOWETAN
18 hour(s) ago

Ruling party will again find itself on the moral low ground should it argue against compensation for the victims families

Transport & Tourism

Sanral defends signs of loopholes in new e-toll rules as critics cry foul

Picture: SOWETAN
18 hour(s) ago

New e-tolls dispensation requires ‘regulatory and system changes’ still to be gazetted, says South African National Roads Agency

View more

Cartoons

Picture: THINKSTOCK

The wheelchair gets a makeover

Models coming on market or in development can climb stairs, turn tight corners, make their way over trails, and are easier to manoeuvre than earlier generations

African Perspectives

Egypt’s farmers give up on premium cotton as subsidies end

Picture: THINKSTOCK
19 hour(s) ago

As state aid dries up farmers are abandoning a crop that is as much a part of the nation’s identity as the pyramids and switching to grain, write Salma el Wardany and Whitney Mcferron

Management

Seven steps for selling your ideas

Picture: THE NEW YORK TIMES/TONY CENICOLA
9 hour(s) ago

Here are some steps you can take to get people on board when pitching a new idea

Opinion & Analysis

Rein in your spending to gain financial freedom

Picture: THINKSTOCK
19 hour(s) ago

Consumer lending and spending on non-essential items remains high despite the soaring cost of living, writes Michael Griffin

Financial Services

Without real inclusivity, there can be no growth

The lack of inclusive growth in SA is highlighted by the ever-widening gap between rich and poor, which continues to be of great concern to politicians, policy makers and labour unions . Picture: SOWETAN
19 hour(s) ago

Red tape, a lack of access to finance and credit and the high cost of doing business hobble SMEs in SA, writes Bekezela Phakathi

Novak Djokovic. Picture: REUTERS

Wimbledon: All eyes, and cameras, will be on the coaches

Djokovic denies being coached from the stands by Boris Becker, but the issue is becoming a cause for concern

Cricket

England cricket duo have been Warned

England all-rounder Stuart Broad cuts a disconsolate figure as he leaves the wicket while the New Zealanders are all smiles. The Black Caps secured a 199-run victory in the second Test yesterday to level the series 1-1. It was New Zealand’s first Test win against England since 2008.  Picture: AFP PHOTO/PAUL ELLIS
20 hour(s) ago

Former Australian cricketer, Shane Warne has warned England’s new-ball duo, James Anderson and Stuart Broad to expect verbal abuse as they approach the Ashes cricket clash

Other Sport

New talent on show at Jamaican athletics trials

Omar McLeod, in white, jumps a hurdle to win the 110m hurdles next to Dwight Thompson, left, and Hansle Parchment at the national trials in Kingston, Jamaica. Picture: REUTERS/GILBERT BELLAMY
19 hour(s) ago

US indoor sprint champion Omar McLeod smashes personal best time to win 110m hurdles

Other Sport

The ‘Serena Slam’ is drawing ever closer

Serena Williams. Picture:  Picture: EPA / TONY MCDONOUGH
20 hour(s) ago

Serena Williams is on her way to becoming the first woman in 27 years to claim the top four titles in one year

Soccer

Job done as Pirates down Leopards on a cow-patch

BACK IN ACTION: Orlando Pirates will be pleased to have Happy Jele available for the home leg against Egypt’s Al Ahly. Picture: GALLO IMAGES
19 hour(s) ago

Orladno Pirates were in form as they got their CAF Confederation Cup group campaign off to a perfect start

Opinion

Meyer pulls a couple of shock omissions, but don’t hold your breath

Heyneke Meyer. Picture: GETTY IMAGES/IAN MACNICOL

Heyneke Meyer’s squad is consistent with his selections in the three years of coaching the Boks, but it’s not the World Cup 31

Standard Bank

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Type in a share code or part of a company’s name in the Company Lookup box, then select the company name from the list of results and click Go to view its tearsheet with share data, news and more.
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The Third Umpire

Eskom acting CE Brian Molefe, for getting ratty with Nersa chairman Thembani Bukula. The way to convince an independent regulator of the validity of your case is with facts and persuasive argument, not defensiveness.

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The president’s nephew, Khulubuse Zuma, who along with Nelson Mandela’s grandson, Zondwa, has been found guilty of stripping the assets of liquidated gold mine Pamodzi, to the detriment of its employees.

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Defence Minister Nosiviwe Mapisa-Nqakula. According to a UN report, SA soldiers on peacekeeping missions in Africa are the world’s worst military sexual predators. As if our reputation for xenophobia wasn’t bad enough.

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Calendar

Naspers Naspers finals

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