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Kumba’s R1.8bn additional tax bill makes a bad year worse

The Kumba Iron Ore mine at Sishen in the Northern Cape. Picture: KEVIN SUTHERLAND/SUNDAY TIMES
3 hour(s) ago

Kumba Iron Ore’s earnings plunged in the year to December, mainly due to a R6bn impairment at Sishen, but it is ahead of target on cost cuts

Financial Services

Alexander Forbes reshuffles top team after CEO suddenly quits

Edward Kieswetter. Picture: MARTIN RHODES
5 hour(s) ago

With no successor in place chairman Sello Moloko and chief financial officer Deon Viljoen have taken over as executive chairman and interim CEO respectively

Financial Services

FSB annual report skips damning details

ACTION: FSB deputy head Rosemary Hunter. Picture: FINANCIAL MAIL
5 hour(s) ago

Judge’s investigation and other findings on closure of ‘orphan funds’ kept out public watchdog Financial Services Board's report

Transport & Tourism

Montana denies benefiting from Prasa contracts

Prasa chairman Popo Molefe and acting CEO Nkosinathi Khena face a tough job putting the rail parastatal back on track. Picture: PUXLEY MAKGATHO
5 hour(s) ago

Prasa chairman Popo Molefe’s affidavit paints a picture of flouting of procurement procedures to benefit Siyangena Technologies and raises questions around former CEO's upmarket home


View from edge of precipitous rating cliff

5 hour(s) ago

Acquiring junk status could lead to economic disaster for SA, writes Ntsakisi Maswanganyi

Telecoms & Technology

Firms in developing countries steer clear of digital

5 hour(s) ago

World Bank report says protection from domestic and foreign competition behind reluctance to adopt new digital technologies


New drill for assistants an ache for dental industry

5 hour(s) ago

New law requires dental assistants not registered with Health Professions Council of SA resign or face criminal sanction


Call for public role in choosing protector

Thuli Madonsela, left, has turned the public protector’s office into a body of  stature during her tenure, and the public will expect a replacement of substance. Her deputy, Kevin Malunga,  could be in line. Picture:PUXLEY MAKGATHOuxley Makgatho
5 hour(s) ago

Corruption Watch wants public to play key role in nominating next suitable candidate to replace Public Protector Thuli Madonsela


Economic stagnation feels just like recession to the South African consumer

There is no catalyst to spur stronger growth soon, and SA has not announced structural measures to turn economic growth around, writes Francois van der Merwe


Aubrey Matshiqi promo

Devil in a business suit usually colludes with Faustian elements in ANC, private sector and hidden policy communities, writes Aubrey Matshiqi

Guptas are just the tip of iceberg of political patronage


We are working on how we will market Huge Group to the investment community, writes Michel Pireu

Huge opportunities in pipeline


Asian stocks slide as traders search for safest of safe-haven assets

3 hour(s) ago

Equities in Asia are burnt as concern about stability puts a torch to European bank stocks and sends investors in search of less risky assets

Law & Constitution

Outcome of Constitutional Court applications ‘vital to democracy’, says DA

Constitutional Court. picture: SOWETAN
2 hour(s) ago

While the EFF is determined not to allow President Jacob Zuma’s proposed settlement to derail it from holding him to account


Zuma’s Marabastad walkabout not entirely well-received

President Jacob Zuma conducting a walkabout at Marabastad taxi rank ahead of the Stata of the Nation Address. Picture: GCIS/KOPANO TLAPE
18 hour(s) ago

One hawker says when he sees President Jacob Zuma’s face he is reminded of the bodies of 34 Marikana miners, unemployment and the crumbling economy


Four apartheid cops charged with murder of operative

5 hour(s) ago

National Prosecuting Authority charges four members of apartheid-era Soweto Special Branch for murder of MK operative Nokuthula Simelane


Amplats restructure reverses cash woes

Chris Griffith. Picture: MARTIN RHODES
5 hour(s) ago

Extensive restructuring in response to 27% drop in platinum prices despite annual supply deficit, says CEO Chris Griffith

Nhlanhla Nene. Picture: BLOOMBERG/SIMON DAWSON

Uncritical business acts as a Band-Aid on ailing policies

Lack of coherent business strategy or effective organisation to make strong case for how to achieve high and inclusive growth deprives SA, writes Ann Bernstein

Land & Agriculture

Sweet(ish) offer a fillip for Illovo shares

5 hour(s) ago

Shares rise after UK principal Associated British Foods proposes to buy out minority shareholders

African News

Suspected Daallo bomber was meant to be on another plane

The Daallo Airlines plane that made an emergency landing in Mogadishu following a blast. Picture: AFP/MOHAMED ABDIWAHAB
1 hour(s) ago

A suspected suicide bomber who blew a hole in the fuselage of a Daallo Airlines plane last week was supposed to be on a Turkish Airlines flight


Argentina says it has made a breakthrough in its debt battle

Picture: ISTOCK
1 hour(s) ago

Buenos Aires claims a breakthrough in efforts to get US hedge funds off its back, but faces tricky manoeuvres to settle the dispute for good

Financial Services

Finbond’s US expansion faces ‘execution risk’

5 hour(s) ago

Major shareholders will support microlender Finbond’s proposed rights issue to fund ambitious expansion into North America

Financial Services

Old Mutual sells its stake in Rogge in a major disposal

Bruce Hemphill. Picture: FINANCIAL MAIL
5 hour(s) ago

Deal is Old Mutual CEO Bruce Hemphill’s second major disposal since firm sold off parts of its Bermudan unit in December


VW sets sights on US to keep on trucking

CO-OPERATION: Volkswagen is looking to take advantage of synergies between its MAN, Scania and 
own-name truck brands. Picture: BLOOMBERG/JOCHEN ECKEL
5 hour(s) ago

Volkswagen’s heavy-truck division seeks to reap benefits of more independence within its rapidly reorganising parent company


NEWS ANALYSIS: China’s actions hold the key to defusing tension in North Korea

North Korean people and soldiers celebrate North Korea's rocket launch in Pyongyang. Picture: AFP
4 hour(s) ago

North Korea’s growing military threat could presage an arms build-up if China feels threatened by the rollout


US Fed may not be permitted to set negative interest rates

Federal Reserve. Picture: AFP PHOTO/KAREN BLEIER
45 minute(s) ago

A 2010 document suggests the law that authorised the Fed to pay interest on excess reserves may not grant it the authority to charge interest


South Korea, US and Japan agree on how to handle North Korea

North Korea's rocket launch of the earth observation satellite Kwangmyong 4 at an undisclosed location in North Korea. Picture: AFP
2 hour(s) ago

US and its allies agree to work for ‘strong and effective’ United Nations sanctions against Pyongyang following its weekend rocket launch

Telecoms & Technology

Adapt IT targets Africa expansion

Adapt IT CEO Sbu Shabalala. Picture: SUNDAY TIMES
5 hour(s) ago

Strong results helped by existing businesses and acquisitions that have widened its geographic footprint


Activists restive as UCT struggles to house students

Francis Petersen. Picture: MOHAU MOFOKENG
4 hour(s) ago

University of Cape Town is faced with a fresh crisis as it battles to accommodate thousands of students arriving for the start of the new academic year


EU weighs new rules for multinationals’ financial disclosures

5 hour(s) ago

Bloc wants fast-track talks on country-by-country reporting rules with the aim of reaching ‘political agreement’ by next month


‘Ineffectual Cosatu’ in spotlight over broking

A contract worker at Tshwane University of Technology protests against outsourcing. Picture: SOWETAN
4 hour(s) ago

Success by students and workers in protests shows up union federation, writes Karl Gernetzky

African Business

Clock is ticking for AngloGold to fix Ghanaian mine

AngloGold Ashanti CEO Srinivasan Venkatakrishnan. Picture: MARTIN RHODES
5 hour(s) ago

Anglogold Ashanti CEO Srinivasan Venkatakrishnan wants solution to ageing Obuasi mine in Ghana by year-end

View more


Mark Essien, who created one of the first hotel-booking websites in Nigeria, is one of a new breed of entrepreneurs contributing to building an information technology ecosystem across sub-Saharan Africa. Picture: SUPPLIED

Cellphone tech sparks innovation in Africa

Start-ups drive social and economic transformation across sub-Saharan Africa, ploughing new trade routes and seeking breakthrough innovations, writes William Wallis


Meteorologists fly into El Niño’s heart for data

Children pump water at the last tap with running water in drought-stricken Masotsheni, north of Durban, last month. Scientists are flying into the source of El Niño, causing the drought, to collect data. Picture: REUTERS
5 hour(s) ago

Data are helping researchers better understand what happens in the heart of the strongest El Niño in a generation


Kenya leads the way in mobile payments

Kobus Ehlers. Picture: JOHAN WILKE
5 hour(s) ago

Boom in tech start-ups with highly innovative products fills gap created by Kenya's defunct infrastructure, write John Aglionby and Andrew England


African animator focuses on changing impressions about SA

Cape Town-based animation studio Triggerfish created Stick Man in collaboration with London-based Magic Light Studios. The  animated version of the children’s book was screened on BBC One.      Picture: SUPPLIED
5 hour(s) ago

Triggerfish CEO Stuart Forrest believes animation is an avenue to shifting the way in which the world perceives SA


BMW holds back as rivals steal a marque on fuel cell vehicles

BMW Hydrogen car. Picture: BLOOMBERG/ADAM BERRY
5 hour(s) ago

BMW on brakes until next generation of fuel-cell development under way with research partner Toyota, writes Michael Taylor

 Kagiso Rabada lets one go in Centurion on Monday with teammate Morné Morkel in the background. Picture: GALLO IMAGES

England leave SA no option

Amla acknowledges victory is only way for Proteas to keep series alive

Other Sport

US ‘did not tell athletes to avoid Rio Games’ due to Zika

IOC president Thomas Bach addresses the media after the Executive Board meeting and IOC Session in Kuala Lumpur. Picture: AFP PHOTO/MANAN VATSYAYANA
24 minute(s) ago

The US Olympic Committee says Team USA is looking forward to the Rio Games and it ‘did not, would not and will not prevent athletes from competing’


McKenzie gets coach job

Neil McKenzie will return to the Proteas as the team's batting coach. Picture: GALLO IMAGES
6 hour(s) ago

Neil McKenzie will return to SA’s dressing room as their batting coach on the back of the endorsement of one of his most respected charges, writes Telford Vice


Dolphins need a win

6 hour(s) ago

With problems on and off the field, the Dolphins have a tough few days ahead


Wits must clear Chiefs hurdle to remain in hunt for title

Buhle Mkhwanazi.  Picture: SUPPLIED
6 hour(s) ago

Defender Buhle Mkhwanazi believes Wits can keep up with the in-form leaders by grinding out results in the race for the Premiership title


Blitzboks keep Sevens lead, but it’s all about Rio

 The Blitzboks’ Seabelo Senatla is the leading try scorer in the Sevens World Series this season. Picture: RENEE MCKAY/GALLO IMAGES
6 hour(s) ago

Blitzboks arrive home after gruelling two-week stint that left them in the same position on the standings as when they left — joint top

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