• Thursday, September 18 2014
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Reserve Bank governor Gill Marcus. Picture: MARTIN RHODES

Gill Marcus stepping down, repo rate unchanged

4 hour(s) ago

MPC meeting will be her last, says Reserve Bank governor Gill Marcus, who will step down at the end of her five-year term in November

Companies

Boards of five state-owned companies risk being declared delinquent

Picture: THINKSTOCK
3 hour(s) ago

Letter of warning to boards of directors of five state-owned firms an indication of commission’s proactive approach to holding boards of companies to account for failures in corporate governance

Mining

Gold Fields aims to cut debt by $300m over two years, says Holland

Nick Holland. Picture: MARTIN RHODES
6 hour(s) ago

CE says miner does not need to get bigger in terms of production, and any acquisition will be aimed at growing cash flow and total returns to shareholders

Economy

Wide divergence of views on inflation, BER survey shows

Picture: THINKSTOCK
3 hour(s) ago

Analysts expect inflation to dip from 6.2% in 2014 to 5.4% in 2016, business people expect it to accelerate to 6.4% and trade union officials expect it to remain flat at 6.2%

National

Families of SA pilgrims killed in Nigeria need support, says Zuma

President Jacob Zuma. Picture: GCIS
8 hour(s) ago

President Jacob Zuma says government in various sectors, including municipalities, will be affected by Nigerian tragedy and need to be ready and responsive

Trade & Industry

Cape Town harbour to get R650m multi-purpose storage facility

Two men pass a long-liner docked at Cape Town harbour.  Picture: SUNDAY TIMES
7 hour(s) ago

Expansion of facilities at terminal will include increased and more efficient truck loading, and an expansion of tanker-berthing facilities

Business

SA needs ‘better companies, not more funding’

Picture: SUNDAY TIMES
9 hour(s) ago

Raizcorp CEO Allon Raiz tells EY Africa Tax Conference that money is available, but many small businesses have no compelling economic right to exist

National

SA sends team to Nigeria to assist TB Joshua guest house accident victims

Rescue workers watch as an excavator removes rubble at the site of a collapsed building at the TB Joshua Synagogue Church of All Nations in Lagos on Wednesday. Picture: REUTERS/AKINTUNDE AKINLEYE
15 hour(s) ago

Experts dispatched to evaluate needs of South African citizens who may have been involved in collapse of the Synagogue Church of Nations building

Companies

Crash aside, the new-look CIPC means business

Picture: THINKSTOCK
8 hour(s) ago

New system set to make life easier for companies that are frustrated by slow service from understaffed Companies and Intellectual Property Commission

Baleka Mbete. Picture: SUNDAY TIMES/WALDO SWIEGERS

Mbete appeals for national unity at joint parliamentary sitting

Speaker’s appearance in the debate unusual as the established practice has been that the speaker only makes a speech when presenting Parliament’s budget

Columnists

Dreams of a Cape utopia, much like dreams of an independent Scotland, are best left on the beach for the high tide to wash away, writes Bronwyn Nortje

Do the sums: no to secession

Rugby

The five-year road map is a great plan, but relies too heavily on the provincial unions to make it happen, writes Liz McGregor

Saru’s plan pulls no punches about transformation pace

African News

Preacher TB Joshua denies lack of co-operation after fatal building collapse

Rescue workers stand by an excavator at the site of a collapsed building at the Synagogue Church of All Nations in the Ikotun-Egbe neighbourhood of Nigeria's commercial capital Lagos on Thursday.  Picture: REUTERS
2 hour(s) ago

Rescue workers complained of a lack of co-operation from the church, which included preventing emergency services from accessing the site until Sunday

Business

Uncertainty to greet tax on multinationals’ profits

Picture: THINKSTOCK
1 hour(s) ago

Tax disputes between multinationals and tax authorities expected due to the Organisation of Economic Co-operation and Development and Group of 20 countries’ base erosion and profit shifting project’s international tax reform next year

Markets

MARKET WATCH: Rand, bonds weaken, but JSE up as rates remain on hold

Picture: REUTERS
2 hour(s) ago

We could see some further rand weakness but the local currency is not racing anywhere, says Bidvest Bank chief currency dealer Ion de Vleeschauwer

Law & Constitution

Judge slams illegal deportation of murder accused

Picture: THINKSTOCK
2 hour(s) ago

Officials who wrongfully deported a murder accused to Botswana, where he could face the death penalty, should be charged with attempted murder, court hears

Americas

US Federal Reserve renews zero rate pledge, but hints at steeper rate hike path

The sun rises to the east of the US Federal Reserve building in Washington DC.  Picture: REUTERS
14 hour(s) ago

Fed still waiting ‘considerable time' before first hike, but indicates it could raise borrowing costs faster than expected

Statistician-general Pali Lehohla. Picture: GCIS

Statistics on skills give South Africa reason to worry

Systematic exclusion of so many young people from the opportunities and rewards of the formal economy cannot continue, writes Mark Potterton

Business

Guarantees to state enterprises reach limit

Picture: THINKSTOCK
15 hour(s) ago

Sharp rise in guarantees and their draw-down rate will be closely watched by credit rating agencies, concerned about the deterioration in the current account deficit

Trade & Industry

UK wants bids from SA’s defence firms

Picture: THINKSTOCK
15 hour(s) ago

UK government department is seeking joint ventures and industrial partnerships with country’s defence companies

Politics

Baleka Mbete, EFF rift deepens

EFF leader Julius Malema and chief whip Floyd Shivambu leave the house as Deputy President Cyril Ramaphosa answers questions in the National Assembly on Wednesday. Picture: TREVOR SAMSON
14 hour(s) ago

EFF walks out of National Assembly again after Mbete ordered Julius Malema to withdraw remark directed at Cyril Ramaphosa

Telecoms & Technology

Focus on fibre optic cable network for Vodacom

Vodacom branding on the Ponte Building in Hilbrow, Johannesburg, in 2011. Picture: GALLO IMAGES/FOTO24/FELIX DLANGAMANDLA
16 hour(s) ago

Company plans to use its agreed acquisition of Neotel to speed up introduction of high-speed fibre optic cable for businesses and homes in SA

Trade & Industry

New scrap metals policy criticised

Picture: THINKSTOCK
16 hour(s) ago

Fresh amendments to policy on scrap metals will not remedy long-standing viability issues in the sector, say industry players

Retail & Consumer

Richemont slides on lower sales update

A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture: BLOOMBERG
16 hour(s) ago

Research house reduces its growth rate forecast

Retail & Consumer

Nestlé to revamp South African factories

The Nestlé logo on the company’s building in Mexico City. Picture: REUTERS
8 hour(s) ago

Swiss food group Nestlé will invest in expanding coffee factory in South Africa, revamping other facilities producing consumer goods

Europe

Turkey faces balancing act in fight against IS

DIVIDED: US Secretary of State John Kerry, left, meets with Turkish President Recep Tayyip Erdogan in Ankara on Friday September 12, 2014. Mr Kerry arrived in Ankara for talks aimed at  a coalition against Islamic State. Picture: AFP
16 hour(s) ago

Turkey has made clear that it is still unconvinced by US President Barack Obama’s plans to bomb IS fighters in two of its neighbours

African Business

Namibia to start sooner on new port

Picture: THINKSTOCK
16 hour(s) ago

Work on new port in Namibia to export commodities and import fuel for southern African states will start next year, a year earlier than initially planned

National

Cabinet approves new antigraft rules

 Picture: THINKSTOCK
14 hour(s) ago

Plan to reduce corruption in government will prohibit public servants from accepting any gifts, hospitality and other benefits irrespective of value

Economy

Inflation remains outside target range

15 hour(s) ago

Inflation rises slightly more than expected in August, but analysts do not believe Reserve Bank will hike rates at monetary policy committee meeting

Retail & Consumer

New entrants set to heat up SA pizza market

16 hour(s) ago

The world’s two largest pizza chains are wading into the South African pizza market with the arrival of Pizza Hut and Domino’s Pizza

Education

Poor grade R pupils have the least to show

Picture: THINKSTOCK
15 hour(s) ago

Introduction of grade R in schools has had almost no effect on the learning progress of poor children, shows study

Health

Free State scientists a step closer to building human heart

HISTORY: The world’s first heart transplant was carried out in Cape Town in 1967 by a surgical team led by South African surgeon Christiaan Barnard. Now scientists are seeking to build a human heart. Picture: SHELLEY CHRISTIANS
16 hour(s) ago

Scientists at the University of the Free State say they are a step closer to their dream of building a human heart, after making an important advance working on baboons

Retail & Consumer

Total to woo high-end customers with Thrupps forecourt offering

NEW BEGINNINGS: An artist’s impression of the new Total SA, Famous Brands and Thrupps offering.
16 hour(s) ago

Famous Brands and Total are testing a new forecourt grocer that analysts say could rival Engen’s Woolworths offering

Europe

Scotland to vote but still too close to call

A 'Yes' campaign supporter is seen near the town of Portree on the Isle of Skye on Wednesday.  Picture: REUTERS
16 hour(s) ago

Pro-independence side says it has the momentum to win the ballot, while the ‘no’ camp urges voters not to use it as a protest

Transport & Tourism

Relief in sight for timeshare owners

Picture: THINKSTOCK
16 hour(s) ago

Relief could be in sight for holders of timeshare contracts if National Consumer Commission wins case it is planning to take to the National Consumer Tribunal

National

Ramaphosa asks for time to sell businesses

Cyril Ramaphosa. Picture: TREVOR SAMSON
14 hour(s) ago

Deputy president asks Jacob Zuma to give him time to complete disposal of business interests that could create conflict with his new role in government

Health

DA will ‘oppose medical bill’s plans to commercialise cannabis’

Picture: THINKSTOCK
14 hour(s) ago

Democratic Alliance will not support proposals to legalise dagga for medical, commercial and industrial purposes

Europe

Bling-Bling Sarkozy back to ‘save’ France from economic crisis

Former French President Nicolas Sarkozy attends the inauguration of the Institut Claude Pompidou, a new centre for care and research of Alzheimer disease, in Nice in this March 10 2014 file photo. Picture: REUTERS
16 hour(s) ago

Undeterred by a tangled web of interconnected legal difficulties, Nicolas Sarkozy has been agonising for months about a return to front-line politics

Politics

Partisanship and one-upmanship made for a noisy no confidence debate

A panoramic view of Parliament, at the swearing-in ceremony of new members of Parliament in the National Assembly on Wednesday.  Picture: GCIS
12 hour(s) ago

DA increasingly suspicious that ANC is using majority to protect its interests, writes Paul Vecchiatto

National

Organisers cancel TribeOne fest, Tshwane to take spat to court

Picture: TRIBEONE
13 hour(s) ago

City ‘shocked’ by Rockstar 4000’s decision to can Cullinan music event after Tshwane ‘fell behind schedule’ on preparations

View more

Cartoons

DIVERSIFY:  Cape Town already has strong single-genre festivals that focus on jazz, comedy, literature and so on. National Arts Festival CEO Tony Lankester says theatre audiences will benefit from the fringe coming to the Mother City. Picture: DAILY DISPATCH

Festival spreads its fringe beyond Grahamstown

Grahamstown arts feast now has a Cape Town wing, thanks to CEO Tony Lankester, writes Eugene Yiga

Arts & Entertainment

Exile and longing in Feni retrospective

Dumile Feni and Louis Maholo, London 1971 (detail), by George Hallett. Picture: MOMO GALLERY.
16 hour(s) ago

It seems impossible to discuss Dumile Feni’s work without a framing discourse that invokes alienation and absence, writes Chris Thurman

Arts & Entertainment

FILM: Million Dollar Arm; Drive Hard

Picture: THINKSTOCK
16 hour(s) ago

Phillip Altbeker reviews the latest films showing at cinemas

RELIABLE: Senzo Meyiwa saves a goal during the penalty shoot-out in the MTN8 quarterfinal match between Orlando Pirates and SuperSport United at Mbombela Stadium in Nelspruit on Sunday. Picture: GALLO IMAGES

Fernandez sees Meyiwa shining in derby final

But Amakhosi’s rich vein of form will help them conquer archrivals

Opinion

Saru’s new plan pulls no punches about the slow pace of transformation

The five-year road map is a great plan, but relies too heavily on the provincial unions to make it happen

 
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The Third Umpire

Parliamentary Speaker Baleka Mbete. Surviving a no-confidence vote through a crude majority in the house is all very well but what matters is credibility, and the sad reality is she has precious little of that.

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Nigerian “prophet” Temitope Balogun Joshua, who bears responsibility for the horrific deaths of scores of pilgrims, apparently including numerous South Africans, who are feared crushed under a collapsed church building.

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De Beers CEO Philippe Mellier, who is fighting a losing battle in trying to restore the group to its former money-printing glory. Those days are gone, along with the cartel’s diamond supply monopoly.

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  • All Share : 51547.02
    Change: 0.73%
    Top 40 : 46226.20
    Change: 0.90%
    Financial 15 : 15023.67
    Change: 1.20%
    Industrial 25 : 61020.08
    Change: 0.99%
    Resource 10 : 55151.20
    Change: 0.41%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6819.29
    Change: 0.57%
    Dow Jones : 17261.95
    Change: 0.61%
    Hang Seng : 24168.72
    Change: 0.00%
    ASX : 5419.00
    Change: 0.00%
    S&P 500 : 2010.020
    Change: 0.42%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.0987
    Change: 0.63%
    ZAR/GBP : 18.1753
    Change: 1.43%
    ZAR/EUR : 14.3407
    Change: 1.30%
    ZAR/JPY : 0.1020
    Change: 0.47%
    ZAR/AUD : 9.9711
    Change: 1.13%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1226.3500
    Change: 0.75%
    Platinum : 1348.0000
    Change: 0.30%
    Silver : 18.5690
    Change: 0.42%
    Palladium : 829.0000
    Change: 0.12%
    Brent Crude Oil : 97.680
    Change: -0.02%
    All data is delayed by 15 min
    Data supplied by INET BFA
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