• Monday, March 02 2015
  • Subscribe
  • Register

Energy

PetroSA plans to cut jobs on slow Mthombo

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

National oil company to cut staff numbers by up to 40% as revenue spirals

Financial Services

Nedbank’s BEE share shrinks

Dr Reuel Khoza addresses the World Summit on Sustainable Development in Johannesburg. His retirement in May marks the end of an era. Picture: UNITED NATIONS
3 hour(s) ago

Further dilution looms as deal matures, raising questions on another deal to meet financial sector code target

Labour

Cosatu firm on public sector pay rise

Cosatu. Picture: REUTERS
3 hour(s) ago

Chief negotiator Mugwena Maluleke warns lack of progress in the wage talks could result in a strike

National

SA engineers condemn hiring of Cubans for water projects

Water from a burst pipe shoots  into the air next to a road near Motherwell, Port Elizabeth.  Picture: THE HERALD
2 hour(s) ago

Local engineers not given the chance to apply for jobs with same incentives as the Cubans in rural communities and elsewhere

Economy

ECONOMIC WEEK AHEAD: Data expected to show slowing manufacturing

Picture: THINKSTOCK
2 hour(s) ago

So far the country has done very well in attracting capital despite all its challenges, writes Ntsakisi Maswanganyi

Financial Services

Old Mutual earnings profile ‘will change’

Old Mutual. Picture: BLOOMBERG/SIMON DAWSON
3 hour(s) ago

Group targets earnings growth in UK and rest of Africa as dominant South African business falters

National

A tale of two narratives — with the truth hidden somewhere inbetween

Tom Moyane. Picture: TREVOR SAMSON
2 hour(s) ago

Destabilisation of SARS is likened to a shark-feeding frenzy by a coalition of the unsavoury including rival state entities, writes Natasha Marrian

A newspaper with its frontpage headline on an abduction of women from a village in northeast Nigeria, is displayed at a vendor's stand along a road in Ikoyi district in Lagos, Nigeria. Picture: REUTERS

Boko Haram is on the run but can a lasting peace be found?

It is time for the international community to take seriously the evidence of outside financial sponsors, writes Phillip van Niekerk

Columnists

It is extremely important that the integrity of the institution is left intact, while facts are properly established, writes Songezo Zibi

UNEMBARGOED: Credibility of SARS in the balance

Columnists

Gavin Keeton

State must focus on securing higher levels of investment and encouraging job creation wherever possible, writes Gavin Keeton

Government must face up to its failed policies

Energy

Eskom’s low capacity blamed for power delay

Department of Energy acting director-general Wolsey Barnard speaks at the Energy Indaba held at the Sandton Convention Centre on Tuesday. Picture: RUSSELL ROBERTS
2 hour(s) ago

Frustration over postponements in naming successful bids for the fourth round of renewable power by independent power producers

Law & Constitution

The Pillay case tests the limits of what SARS can or cannot do in law

An illegal immigrant is arrested in Korsten, in the Eastern Cape, after a chase on foot involving customs officers in this file photo. The Customs and Excise Act goes further than other laws affecting SARS in granting powers to officials. Picture: THE HERALD/ B-JAY PIERCEY
2 hour(s) ago

As documents slowly trickle into the public domain, separating gossip from verifiable truth remains a continuing task, writes Franny Rabkin

National

POLITICAL WEEK AHEAD: Zuma faces no-confidence vote in Parliament

President Jacob Zuma. Picture: TREVOR SAMSON
2 hour(s) ago

Key question facing Deputy President Cyril Ramaphosa will be about when he knew about the signal jammers, writes Wyndham Hartley

Soccer

Chelsea are League Cup champions

Chelsea’s England defender Gary Cahill, top, and teammates celebrate at the final whistle in the English League Cup final against Tottenham Hotspur at Wembley Stadium in London on Sunday. Chelsea won 2-0. Picture: AFP PHOTO/IAN KINGTON
3 hour(s) ago

Victory completed a satisfying day for Premier League leaders Chelsea, who saw closest rivals Manchester City beaten by Liverpool earlier

Picture: THINKSTOCK

Lobbying of politicians no longer an ‘infamous employment’

Justice Swayne has warned that a preponderance of paid lobbying is a harbinger of the decay of the public morals, writes John Kay

National

Ramaphosa visit to SKA site affirms support

Naledi Pandor and Cyril Ramaphosa at one of the two MeerKAT dishes that have so far been built. Picture: TREVOR SAMSON
2 hour(s) ago

Treasury’s trim to the SKA budget is relatively minor, says scientists, and will not affect construction deadlines or instruments’ capabilities

Property

Redefine targets UK and Germany

Redefine Properties International CEO Mike Watters. Picture: FINANCIAL MAIL
3 hour(s) ago

Redefine’s investment portfolio sits mainly in Europe and is valued at more than £1bn

Mining

Platinum price ‘set to remain weak’

Heaps of platinum ore before the refinery process. Picture: SUNDAY TIMES
2 hour(s) ago

The main unknown in the market are the opaque above-ground stocks, which many in the market say have kept platinum prices subdued

African News

Results trickle in after Lesotho’s snap polls

Lesotho Independent Electoral Commission marshalls start the counting process at the end of the voting process of the Lesotho parliamentary elections at a polling station on Saturday in Maseru, Lesotho. Picture: AFP
15 hour(s) ago

Results slow to come in, with only a few districts tallied and none officially declared by the Independent Electoral Commission

National

Zuma praises SACP veterans as their remains arrive in SA

President Jacob Zuma addresses the formal reception service of the mortal remains of struggle stalwarts, Moses Kotane and John Beaver Marks held at Waterkloof Airfoce Base, Pretoria on Sunday. Picture: GCIS
15 hour(s) ago

Remains of SACP stalwarts Moses Kotane and John Beaver Marks arrive from Russia for state funeral in North West

Europe

ECB to unveil eurozone QE programme details

European Central Bank president Mario Draghi addresses a news conference in Frankfurt, Germany, on Thursday.  Picture: REUTERS
3 hour(s) ago

Since ECB chief Mario Draghi announced its QE policy, the euro continues its decline against the dollar and yields on most eurozone government bonds fall

Business Times

Telkom won’t foot bill for broadband

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO
21 hour(s) ago

Minority shareholders will be relieved to learn that Telkom does not have to bear burden of entire bill for R98bn national broadband rollout project

Business Times

Q&A: Whitey on the budget, poor growth and Eskom

Shoprite CEO Whitey Basson. Picture: MARTIN RHODES
21 hour(s) ago

Shoprite enjoyed a steamy 42% share price rally from October to end-January, but the fun appears to be over. CEO Whitey Basson discusses the numbers

National

‘Covert unit’ has so far elicited five investigations

State Security Minister David Mahlobo responding to questions during a media briefing by the justice, crime prevention and security cluster of ministers on Thursday.  Picture: TREVOR SAMSON
2 hour(s) ago

No fewer than five investigations were or are being conducted into the ‘covert unit’ at SARS, writes Natasha Marrian

Transport & Tourism

Incentive scheme puts tourism venture in limbo

Science and Technology Minister Derek Hanekom. Picture: SOWETAN
2 hour(s) ago

Incentive programme could possibly pull the financial rug from under the Tourism Enterprise Partnership

National

IFP rejects proposed municipal merger

Pravin Gordhan. Picture: TREVOR SAMSON
2 hour(s) ago

President Jacob Zuma’s home village is at the centre of a political battle over the R246m of taxpayers funds

African Business

‘No reason to panic’ over Nigeria

A security officer checks a man outside the Nigerian Stock Exchange in Lagos. Picture: REUTERS
2 hour(s) ago

A weakened economy on the collapse of the oil price in the second half of 2014, and terrorism particularly in the north of the country, have dented Nigerian equities

Business

Inaction over R2m alleged Nedlac corruption

Democratic Alliance MP Ian Ollis. Picture: ARNOLD PRONTO
19 hour(s) ago

DA demands answers over apparent inaction of Labour Minister Mildred Oliphant following forensic audit report detailing alleged corruption by two former Nedlac executives

Europe

Memorial rally for slain Russian opposition leader

People hold posters during a march to commemorate Kremlin critic Boris Nemtsov, who was shot dead on Friday night. Picture: REUTERS
18 hour(s) ago

Boris Nemtsov supporters preparing to march through Moscow in outpouring of anger and grief at brutal murder of opposition leader and fervent critic of Vladimir Putin

Business Times

Shuttleworth in court showdown

Mark Shuttleworth is SA’s most famous example of world-beating innovation.  Pictures: SUNDAY TIMES
21 hour(s) ago

Mark Shuttleworth faces off against Reserve Bank in the Constitutional Court this week as central bank argues why it must not repay R250m to Mr Shuttleworth

African News

Mugabe threatens to take over white-owned safari

Zimbabwe President Robert Mugabe addresses people gathered for his 91st birthday celebration in Victoria Falls on Saturday. Picture: REUTERS
20 hour(s) ago

President Robert Mugabe threatens to take over local white-owned safari operations in Zimbabwe as he celebrates his 91st birthday

View more

Cartoons

Employees drive past Africa’s largest methanol plant, at Punta Europa, Bioko island, last year. On land cleared of tropical forest, gleaming new office towers, apartment blocks, homes and highways dazzle the eye in Equatorial Guinea. But few of its citizens know anything about their financing — the country has scored zero in the latest Open Budget Index. Picture: REUTERS/PASCAL FLETCHER

Show us the budget, Africans ask

Fiscal accounts are often top secret on the continent, writes Karen Hasse

Gadgets & Gear

Talking to yourself may not be safe anymore

Showgoers watch a display of Samsung Smart TVs during the first day of the Consumer Electronics Show in Las Vegas in this file photo. Picture: REUTERS
3 hour(s) ago

Samsung’s smart TVs are able to record conversations and other personal information about users. What happens to this information and who else has access to it?

Americas

Forget Big Brother, it’s Big Mom watching you

Teenagers’ love of electronic devices, especially smartphones, makes it easy for their parents to snoop on them. Picture: THINKSTOCK
3 hour(s) ago

A booming array of gadgets are being marketed to those who want to keep tabs on their children

Ireland's John Mooney hugs teammate Niall O'Brien, right, after beating the West Indies for the first time in their Cricket World Cup match in Nelson, on February 17. Picture: REUTERS/ANTHONY PHELPS

Birrell will be hoping he was wrong about Ireland

Adrian Birrell was Ireland’s coach at the 2007 World Cup, so there has been no mention of the m-word

Cricket

Bowlers are all the rage as CSA hands outs national contracts

Vernon Philander. Picture: REUTERS/DINUKA LIYANAWATTE
2 hour(s) ago

Curiously, Vernon Philander has had his contract extended by only one year and not the two years offered to Hashim Amla, AB de Villiers, Faf du Plessis, JP Duminy, Morné Morkel and Dale Steyn

Sport

Durban Commonwealth Games ‘will boost SA’s economy’

South Africa’s flag is carried by Cecil Sebastian Afrika as the team enters the stadium during the opening ceremony for the 2014 Commonwealth Games at Celtic Park in Glasgow, Scotland, on Wednesday. Picture: REUTERS/JIM YOUNG
2 hour(s) ago

The 2022 Commonwealth Games are expected to attract more international visitors than any previous Games

Opinion

Victor Matfield remains a Titan of the game

Marco Wentzel of the Sharks tackles Victor Matfield of the Bulls during the Super Rugby match between Vodacom Bulls and Cell C Sharks at Loftus Versfeld on February 28 in Pretoria.  Picture: GALLO IMAGES/LEE WARREN

He is the most capped Bok and regarded internationally as one of the finest to have played the game

Win two Business Elite tickets to any city in the US

Share search

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.
View more

The Third Umpire

Finance Minister Nhlanhla Nene, who made the best of a bad hand with a holding budget that may just do the trick if economic growth starts to pick up. That’s a very big “if”, of course, with many a slip twixt cup and lip.

thumb
Our Vote
In
Cast your vote

Public works director-general Mziwonke Dlabantu, for resisting the release of conveniently classified information to the Nkandla architect, who has been set up as the fall guy for this gross abuse of public funds.

thumb
Our Vote
Out
Cast your vote

Israeli Prime Minister Benjamin Netanyahu, whose credibility on the issue of Iran’s nuclear ambitions has been badly undermined by Mossad spy cable leaks showing that he lied blatantly to the US Congress.

thumb
Our Vote
Out
Cast your vote

Calendar

Old Mutual Old Mutual finals
Grand Parade Grand Parade interims

Like us on Facebook


Greening Your Business

Register for our comprehensive digital course to plan and implement your company’s sustainability.

  • All Share : 53344.2008
    Change: 0.02%
    Top 40 : 47161.8336
    Change: 0.00%
    Financial 15 : 16911.0896
    Change: -0.73%
    Industrial 25 : 66349.6236
    Change: 0.00%
    Resource 10 : 45729.948
    Change: 0.69%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • FTSE 100 : 6949.73
    Change: 0.00%
    Dow Jones Industrial : 18214.42
    Change: 0.00%
    All Share : 53344.2008
    Change: 0.02%
    ASX All Ordinaries : 1250
    Change: 756.16%
    S&P 500 index : 2110.74
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • ZAR/USD : 11.6828
    Change: 0.20%
    ZAR/GBP : 17.9516
    Change: 0.06%
    ZAR/EUR : 13.0511
    Change: 0.18%
    ZAR/JPY : 0.0969
    Change: 0.00%
    ZAR/AUD : 9.0744
    Change: -0.09%
    All data is delayed by 15 min
    Data supplied by Profile Data
  • N/A : 1213.55
    Change: 0.00%
    Platinum US$/oz : 1188.75
    Change: 0.00%
    Silver US$/oz : 16.61
    Change: 0.00%
    Palladium US$/oz : 818
    Change: 0.00%
    Brent Crude : 62.58
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by Profile Data
Content