• Thursday, October 23 2014
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Nhlanhla Nene: Picture: REUTERS/JOSHUA ROBERTS

Budget overview: tax hikes seem inevitable

14 hour(s) ago

Finance Minister Nhlanhla Nene says government is looking to use taxes to address funding shortfall, but will ‘limit as far as possible any negative effect on growth, job creation’

Labour

Labour organisations welcome austerity promises

Nhlanhla Nene. Picture: TREVOR SAMSON
9 hour(s) ago

Call for fair settlement for SA’s 1.3-million public servants as Treasury warns that wage bill remains a primary threat to fiscal stability

Americas

US consumer prices rise

Picture: THINKSTOCK
11 hour(s) ago

US consumer prices rise marginally in September, painting weak inflation picture that should give Federal Reserve ample room to keep rates low for a while

Economy

Inflation figures ‘good news’

Picture: THINKSTOCK
15 hour(s) ago

Headline consumer inflation for September slows to 5.9% year on year from 6.4% in August‚ Statistics SA figures show

Labour

ANC calls for disciplinary proceedings against Vavi to be ‘fair’

Zwelinzima Vavi. Picture: BLOOMBERG/NADINE HUTTON
13 hour(s) ago

African National Congress warns that ‘narrow procedural approach’ to disciplinary action against Zwelinzima Vavi may lead to further division

National

Tlokwe independent candidates case postponed

Picture: THINKSTOCK
8 hour(s) ago

Controversial 2013 by-election court case is postponed until January next year

Americas

Soldier shot near Canada’s parliament, shooter at large

Picture: THINKSTOCK
10 hour(s) ago

Buildings put on lockdown as police and tactical teams converge on the area around Canadian War Memorial in Ottawa

Europe

EU’s Juncker pledges investment plan for jobs

Jean-Claude Juncker. Picture: REUTERS
14 hour(s) ago

Incoming head of European Union executive Jean-Claude tells European Parliament he will present his €300bn plan for investment to bolster growth, jobs by end of year

National

No news on when SA bodies will be returned

Picture: THINKSTOCK
15 hour(s) ago

There is still no news on when bodies of more than 80 South Africans killed in building collapse in Nigeria will come home, government spokeswoman says

Nhlanhla Nene. Picture: TREVOR SAMSON

Experts not overly surprised by tax ‘bomb’

Minister’s budget ‘at a time when there is nothing left to cut from surpluses nor anything left to borrow’

Columnists

Steven Friedman

After democracy, our leaders ducked a key task — how to tackle poverty and inequality without damaging wealth creation, writes Steven Friedman

SA needs hard bargaining rather than indabas

Columnists

Every five years Stats SA rebases and rebenchmarks the national accounts figures to bring them up to date, writes Hilary Joffe

Rebasing GDP is set to boost SA’s financial ratios

African News

Dlamini-Zuma to visit countries at heart of Ebola crisis

Nkosazana Dlamini-Zuma. Picture: PUXLEY MAKGATHO
11 hour(s) ago

Chair of African Union Commission flies to West Africa to visit Guinea, Liberia, Sierra Leone, but will meet President John Mahama in Ghana first

Middle East

Syria says it shot down two of three ‘Islamic State warplanes’

Turkish Kurdish women mourn during the funeral of Kurdish fighters killed during clashes against Islamic State in Syrian town of Kobani, at a cemetery in the southeastern town of Suruc, Sanliurfa province on Wednesday. Picture: REUTERS
11 hour(s) ago

Syria’s air force destroys two of three warplanes reportedly seized by fighters of Islamic State group in north of country

Mining

Northam Platinum secures new BEE deal

Picture: THINKSTOCK
18 hour(s) ago

New black economic empowerment structure will give platinum producer 35.4% black ownership once stake held by Toro Trust is included

Europe

British doctors to get bonus for dementia diagnoses

A technique to make brains transparent, a breakthrough should give researchers an accurate picture of the pathways underlying both normal mental function and neurological illnesses from autism to Alzheimer’s. Picture: THINKSTOCK
8 hour(s) ago

National Health Service under fire for offering temporary rewards for GPs who refer patients

Americas

Poll shows Rousseff has pulled ahead of rival

Brazil’s President Dilma Rousseff. Picture:  BLOOMBERG
17 hour(s) ago

Brazilian President Dilma Rousseff appears to be favourite to win presidential election, although vote still too close to call

Picture: THINKSTOCK

Pilot schemes help ideas take off

Test cases can take some risk out of business ventures, writes Tim Harford

Americas

Ebola outbreak: new restrictions for West African travellers to US

Director of the US Centers for Disease Control and Prevention Tom Frieden listens via video conference as President Barack Obama (second right) holds a meeting with cabinet agencies co-ordinating the government's Ebola response at the White House earlier this week.  Picture: REUTERS
16 hour(s) ago

US will require travellers from three countries at centre of epidemic in West Africa to fly into one of five major airports conducting enhanced screening for virus

National

Outspoken directors of SAA face Brown’s axe

Lynne Brown. Picture: TREVOR SAMSON
22 hour(s) ago

Chairman Dudu Myeni, who has a close personal relationship with President Jacob Zuma, is spared

Trade & Industry

Late government payments are ‘killing black-owned small businesses’

Public Works Minister Thulas Nxesi. Picture: PUXLEY MAKGATHO
21 hour(s) ago

Knock-on effects include inability to repay loans and to obtain tax clearance certificates for tendering purposes

Industrials

Foord claims enough shares to force vote

Ketso Gordhan. Picture: ARNOLD PRONTO
22 hour(s) ago

Second demand for special meeting on new board set for ‘later this week’

Trade & Industry

Vehicle production is recovering from strike

Picture: THINKSTOCK
21 hour(s) ago

Some companies worked their assembly plants at 100% capacity to make up lost production

Energy

Project Ikhwezi eats into PetroSA assets

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMES
22 hour(s) ago

In the past year the project received an environmental authorisation and began a second well last October

African News

Elders question Nigerian claims of a ceasefire

A sign is pinned to a tree during a demonstration against the kidnapping of schoolgirls in Nigeria, outside the Nigerian Embassy in London. Picture: REUTERS
21 hour(s) ago

Lack of detail about agreement and complaints of exclusion by community leaders are fuelling scepticism about prospects of an end to five-year rebellion

Business

Softer tax regime for philanthropy has a catch

African Rainbow Minerals chairman Patrice Motsepe briefs the media on the company's results on Friday.  Picture: MARTIN RHODES
22 hour(s) ago

Proposed legislative changes have been offset by restrictions requiring the distribution of all investment income earned on funds within five years

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Cartoons

Economy

Experts not overly surprised by tax ‘bomb’

Nhlanhla Nene. Picture: TREVOR SAMSON
10 hour(s) ago

Minister’s budget ‘at a time when there is nothing left to cut from surpluses nor anything left to borrow’

Land & Agriculture

R1.1bn alloted to land claims probe

Picture: THE TIMES
14 hour(s) ago

Department of Rural Development and Land Reform expected to set aside R1.1bn to investigate land claims process that was reopened in June

Economy

Poor growth takes toll on tax revenue

(Left to right) Deputy finance minister Mcebisi Jonas, SARS commissioner Tom Moyane, Finance Minister Nhlanhla Nene and finance DG Lungile Fuzile arrive for the medium term budget on Wednesday.  Picture: TREVOR SAMSON
13 hour(s) ago

Corporate income tax, value added tax revised downward, while personal income tax collections are expected to exceed February budget estimate

Kebble’s murder trial on the big screen

Documentary takes a stab at simplifying the thicket of intrigue and characters in Brett Kebble’s ‘assisted suicide’

Motoring

VRROOM WITH A VIEW: For the love of hybrids

EFFICIENCY: Hybrid cars look likely to remain popular. The Renault Sandero. Picture: QUICKPIC
21 hour(s) ago

It is not only high prices that make me think the hybrid will live on — the fact is, I enjoy filling up once a month, writes Alexander Parker

Gadgets & Gear

Chewing too much hassle? Japan’s got just the thing

Picture: THINKSTOCK
1 day(s) ago

Tokyo-based gum-maker creates earphones that record number of times you move your jaw, along with speed and strength of each bite

Amakhosi  coach Stuart Baxter. Picture: REUTERS

New Swallows coach makes debut

Despite one training session with team, Fani Madida is upbeat ahead of clash with Chiefs

Soccer

Banyana are prepared for tough Nigeria clash

Picture: THINKSTOCK
21 hour(s) ago

It is never easy qualifying out of a group if one loses the opening game, and Banyana find themselves facing their nemesis

Rugby

Currie Cup final may feature Kriel

Lions coach Johan Ackermann. Picture: GALLO IMAGES/LEE WARREN
21 hour(s) ago

His perpetual motion has helped make him the competition’s leading try-scorer with nine dot-downs

 
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FTSE 100 6399.730.00% same
Dow Jones 16461.320.00% same
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ASX 5369.50-0.07% down
S&P 500 1927.110-0.73% down
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USD/ZAR 11.01440.16% up
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EUR/ZAR 13.91880.08% up
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Gold 1243.10000.11% up
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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

Presidential business adviser Sandile Zungu, for doing his job by reminding SA’s Cabinet ministers that the state-owned enterprises have boards that are supposed to operate independently, without undue political interference.

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Communications Workers Union general secretary Aubrey Tshabalala. Sasol Inzalo’s bid to bypass a rule requiring documentation to be posted to shareholders does not augur well for striking workers’ job security.

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Arms deal commission head Judge Willie Seriti. Wouldn’t it be tragically ironic if subpoenaed witnesses who decline to testify because the inquiry has lost its credibility are the only people who are prosecuted?

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  • All Share : 48202.91
    Change: -0.68%
    Top 40 : 43035.34
    Change: -0.81%
    Financial 15 : 14104.45
    Change: -0.25%
    Industrial 25 : 57932.00
    Change: -0.46%
    Resource 10 : 48946.71
    Change: -1.87%
    All data is delayed by 15 min
    Data supplied by INET BFA
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    Dow Jones : 16461.32
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  • ZAR/USD : 11.0139
    Change: 0.15%
    ZAR/GBP : 17.6746
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    ZAR/EUR : 13.9185
    Change: 0.08%
    ZAR/JPY : 0.1027
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    ZAR/AUD : 9.6484
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  • Gold : 1243.3500
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    Platinum : 1265.0000
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    Silver : 17.2245
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    Change: 0.33%
    Brent Crude Oil : 84.410
    Change: -0.35%
    All data is delayed by 15 min
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