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Picture: REUTERS

Moody’s lowers ratings on big banks

5 hour(s) ago

Aftershocks from collapse of unsecured lender African Bank continue to ripple through SA’s financial services sector, with all four major banks downgraded

Mining

BHP Billiton confirms sale plans for most SA assets

TIME TO ACCOUNT: BHP Billiton CEO Andrew Mackenzie prepares to discuss the company's annual results at a meeting in Sydney on Tuesday. Picture: REUTERS
4 hour(s) ago

Global resources group plans to spin off noncore businesses estimated to be worth $16bn — including most of its assets in SA

Transport & Tourism

Sanral rejects Cape Town’s call on tolls

South African National Roads Agency CEO Nazir Alli. Picture: PUXLEY MAKGATHO
4 hour(s) ago

Sanral believes its jurisdiction ‘trumps’ Cape Town city council’s wish that Winelands toll road project be halted

Health

Sugar tax mooted to save lives and money

Picture: REUTERS
4 hour(s) ago

Study shows 20% tax on sugar-sweetened drinks could cut number of obese South Africans by almost a quarter of a million

Telecoms & Technology

Vodacom to spend R1bn on upgrading Gauteng network

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

Vodacom says it will invest R1bn in upgrading its network and adding new base stations in Gauteng

Middle East

Israel withdraws from talks as rockets fired from Gaza

DIRE STRAITS: Palestinians wait to receive food supplies from a United Nations food distribution centre in Khan Younis in the southern Gaza Strip yesterday (August 19, 2014).  REUTERS/IBRAHEEM ABU MUSTAFA
5 hour(s) ago

Israel hauls negotiators back from talks in Cairo and warplanes hit Gaza after Palestinian rockets smashed into the south

Politics

MPs look at overlapping Chapter Nine mandates with an eye on costs

Picture: THINKSTOCK
5 hour(s) ago

Parliamentary committees take first steps to address areas where the mandates of Chapter Nine institutions overlap, and how resources can be saved

Politics

ANC’s resolution ‘will constrain probe of Zuma’

President Jacob Zuma's  Nkandla homestead in KwaZulu-Natal. Picture: SUNDAY TIMES
4 hour(s) ago

DA argues that the mandate of the ad hoc committee is limited to the president’s Nkandla report and will be a constraint on the work of the committee

Picture: THINKSTOCK

Private sector must address challenges of the 21st century

Lorenzo Fioramonti asks if South African business is ready for the 21st century

Columnists

The test of a watershed event is whether it changes behaviour or opinions among key actors, writes Steven Friedman

Little evidence that Marikana changed anything

Columnists

Leon Louw promo

Leon Louw asks why governments, including ours, inflate

Inflation is the way governments plunder

African Business

Africa nations sell debt for Ebola fight

A Medecins Sans Frontieres (Doctors Without Borders) member in protective gear. Picture: AFP/CELLOU BINANI
5 hour(s) ago

Ebola outbreak strains finances of affected governments, with Sierra Leone using Treasury bills to fund fight against virus as mining companies halt operations

Retail & Consumer

Shoprite shares tumble as profit growth lags consensus

Picture: MICHAEL ETTERSHANK
22 hour(s) ago

Grocer misses estimates with 3.3% rise in full-year profit as consumers battling high personal debt and rising prices cut spending

National

Top court hears Hawks still not independent enough

Hugh Glenister. Picture: SUNDAY TIMES
5 hour(s) ago

Despite an overhaul by Parliament of the legislation establishing the Hawks, the priority crime unit is still not independent enough, hears the Constitutional Court

Trade & Industry

Illegal cigarettes cost government R3bn a year

Picture: THINKSTOCK
4 hour(s) ago

SARS official says border controls have been strengthened and various government agencies are working together to fight the scourge

Picture: THINKSTOCK

EDITORIAL: Acres of room at the top

With corruption usually the focus of discussions on governance, the matter of leadership and strategic bungling is often forgotten

Management

Consumers ‘demand more’ of public services

Minister in the Presidency Collins Chabane addresses a media briefing on the presidential review committee on state-owned enterprises on Tuesday. Picture: TREVOR SAMSON
5 hour(s) ago

Public servants must improve service and efficiency to meet the demands of a more sophisticated South African consumer, says Collins Chabane

National

Principals tell of ghost teachers, appointed with falsified details

Stone Sizani.  Picture: TREVOR SAMSON
3 hour(s) ago

Wife of ANC chief whip pleads not guilty to 31 counts of fraud and money-laundering more than R1.2m

African News

Sadc Tribunal back with mandate reduced to interstate cases

Picture: REUTERS
5 hour(s) ago

Regional leaders adopt new protocol to reconstitute the tribunal of Sadc, but with a diminished mandate

Mining

Harmony to shut unprofitable shaft, with job cuts on cards

Harmony Gold CEO Graham Briggs. Picture: MARTIN RHODES
21 hour(s) ago

Miner says it will temporarily close Target 3 shaft because it is bleeding money, a move that could affect up to 1,500 jobs

Mining

Gold Fields sells stake in Peruvian project

Gold Fields CEO Nick Holland. Picture: MARTIN RHODES
23 hour(s) ago

Gold miner says it will retain 1.5% net smelter royalty on sales of gold, copper, silver coming from Chucapaca concession area

Africa

Middle-class households in sub-Saharan Africa to grow over next 15 years

Picture: THINKSTOCK
19 hour(s) ago

The ‘Understanding Africa’s middle class’ report shows that of the 110-million households in 11 sub-Saharan African countries, 15-million are middle class

Middle East

Islamic State video warns Americans: ‘We will drown all of you in blood’

A screengrab of Islamic State video message to the US.  Picture: YOUTUBE
19 hour(s) ago

Iraqi army units backed by Shiite militias fight their way towards the centre of Tikrit to drive Islamic State fighters out of the city

Retail & Consumer

Art takes off in SA as a ‘diversification strategy’ for investors

Picture: THINKSTOCK
2 hour(s) ago

International art market is seeing record prices for sales by living artists, and South African and African markets are beginning to take off

Mining

Green Scorpions to go on sand mining blitz

Picture: ARDBEL
19 hour(s) ago

Environmental management inspectors from national, provincial departments will take part in initiative to address environmental, water damage

Financial Services

Standard Bank denies reckless lending to reverse mortgage scheme firm

Picture: FINANCIAL MAIL
2 hour(s) ago

Bank tells court it had no reason to question motives of company involved in fraudulent scheme

African News

Defections help boost Jonathan’s chances in presidential election

Nigerian President Goodluck Jonathan arrives at President Jacob Zuma’s inauguration ceremony at the Union Buildings in Pretoria on Saturday. Picture: REUTERS/SIPHIWE SIBEKO
5 hour(s) ago

Former anticorruption chief Nuhu Ribadu is latest to join Nigeria’s People’s Democratic Party, write Elisha Bala-Gbogbo and Yinka Ibukun

Business

Business rescue provisions in Companies Act ‘groundbreaking’, says Davies

Trade and Industry Minister Rob Davies. Picture: PUXLEY MAKGATHO
16 hour(s) ago

Since business rescue provisions became effective in 2011 more than 1,330 notices were filed of which 1,121 were valid business rescue notices, says minister

Media

Committee to give clarity on inquiry into Tshabalala’s qualifications

Zandile Tshabalala, right.  Picture: PUXLEY MAKGATHO
16 hour(s) ago

Communications committee says it will give feedback on whether inquiry will be started to look into claims SABC board chairwoman misled National Assembly about qualifications

Energy

SA urged to harness fuel cell project

It is the first time ever in the world that platinum fuel cells, used in a Kroonstad community test project, are being used as a prime power source for households. Picture: CHARLOTTE MATHEWS
1 day(s) ago

Development could spur a high-technology downstream industry — if Energy Department includes fuel cells in masterplan

Asia-Pacific

Samsung buys Quietside to enhance its smart home business

A man tours a showroom of Samsung Electronics in Seoul. Picture REUTERS
21 hour(s) ago

This is the South Korean firm’s second such acquisition within a week after saying on Friday it purchased SmartThings, a US-based platform developer

Europe

Maersk lifts profit forecast on higher shipping volumes

A Maersk shipping vessel. Picture: BLOOMBERG
1 hour(s) ago

World’s largest container-shipping line says earnings are rising because of higher freight volumes and lower costs

Land & Agriculture

Land Bank wrapping up process for new CEO

Picture: THE TIMES
1 day(s) ago

Announcement for new Land Bank CEO likely to take place next month as process is almost complete

Europe

Britain’s top bosses earn ‘131 times more’ than staff

Picture: THINKSTOCK
18 hour(s) ago

Wage divide has more than doubled since 1998, when average CE of firms in FTSE 100 earned 47 times as much as staff, report finds

View more

Cartoons

BIG, BRASH AMERICAN:  But the Chrysler 300C now boasts a little Euro interior improvement.  Picture: QUICKPIC

VRROOM WITH A VIEW: Force is with us in spades

We should all, from time to time, conduct an audit, writes Alexander Parker

Arts & Entertainment

Scent of money in new cinema tech

CINEMA POTATOES: People watch a rugby match between England and France at a cinema in France in 2010. Picture: REUTERS
5 hour(s) ago

New technology is allowing cinemas to provide a wider range of experiences to moviegoers than ever before, writes Robert Cookson

Gadgets & Gear

TECHNOLOGY: Smartphone owners’ appetite for new apps wanes

Picture: THINKSTOCK
5 hour(s) ago

Waning appetite for new apps is fuelling mobile developers’ concerns that best days of growth are coming to an end

Hashim Amla during the second one-day international against Zimbabwe at the Queens Sports club in Bulawayo on Tuesday. Picture: AFP PHOTO, JEKESAI NJIKIZANA

Zimbabwe gets no luck from Proteas’ misfortune

Zimbabwe’s cricket team fail to cash in on several extraordinary SA dismissals

Soccer

Feuding means soccer will continue to suffer

Mninawa Ntloko promo
3 hour(s) ago

If things do not change, domestic soccer will still be stuck in the starting block four years from now

Cricket

Amla and De Kock, the new invincible odd couple

HOME AND AWAY: Hashim Amla plays a shot on the fourth day of the second Test against Pakistan  at Newlands in Cape Town on Sunday. Captain Graeme Smith described conditions at Newlands as ‘foreign’ this time. Picture: REUTERS
23 hour(s) ago

Thoughtful, efficient, polished Hashim Amla and instinctive, emphatic, unfiltered Quinton de Kock are another winning pair who seem connected by contrast

Opinion

Give Zimbabwe real support, or cut them loose

Picture: THINKSTOCK

It is time to decide about Zimbabwe’s future as an international cricketing nation

 
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The Third Umpire

ANC chief whip Stone Sizani, whose title should really be chief praise singer to the chief, for blocking opposition attempts to call President Jacob Zuma to account before Parliament for his role in the Nkandla scandal.

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Portia “Pankie” Sizani, the chief praise singer’s better half, who has pleaded not guilty to 31 counts of fraud totaling R1.2m. She is accused of creating “ghost teachers” in the Eastern Cape and taking their salaries.

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South Gauteng public prosecutions director Andrew Chauke, who has been rapped over the knuckles by a senior magistrate for failing to ensure the prosecutors under his authority obey the law in maintenance cases.

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