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Nhlanhla Nene. Picture: ELMOND JIYANE

Nene administers tough love

1 hour(s) ago

Tough measures include tax increases, job freezes and across-the-board budget cuts to deal with low economic growth, high debt levels and lower than expected tax income

Labour

Task team report urges Cosatu affiliates to unite

Zwelinzima Vavi. Picture: BLOOMBERG/NADINE HUTTON
46 minute(s) ago

Cosatu is in the middle of a three-day special meeting of its top brass, who are seeking to resolve crippling differences

National

Madonsela under attack in Parliament

Thuli Madonsela. Picture: TREVOR SAMSON
1 hour(s) ago

Mathole Motshekga makes a dramatic accusations against Ms Madonsela, saying her office is ‘overbloated’ and that she is failing to manage her budget

National

New tack on funding state-owned enterprises

(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
1 hour(s) ago

Inter-ministerial team will make its recommendations in January after deliberations

Mining

No party cronies in BEE deal, says Northam

Lazarus Zim.   Picture: REUTERS/MIKE HUTCHINGS
1 hour(s) ago

Miner unveils long-awaited deal valued at nearly half its market capitalisation to take its empowerment to 35.4%

Financial Services

HCI suspends Golding in wake of inquiry

Marcel Golding. Picture: TREVOR SAMSON
1 hour(s) ago

Executive chairman and co-founder responds by launching proceedings to lift his suspension and ‘to stay the disciplinary inquiry and to seek other relief’

Economy

NHI still a priority despite finance plan delays

BASIC RIGHT: Minister says the National Health Insurance scheme will make health services accessible an affordable to all.  Picture: THE TIMES
1 hour(s) ago

Treasury director-general Lungisa Fuzile declines to say why National Health Insurance target not met

Americas

Cuba response to Ebola fight wins US praise

Fidel Castro. Picture: REUTERS/OSWALDO RIVAS
42 minute(s) ago

Despite its small population and strapped economy, island state sends 165 medical professionals to Sierra Leone, a larger contingent than most western countries’

Economy

Food inflation puts downward pressure on consumer prices

Food shopping
34 minute(s) ago

The bigger slowdown, coupled with the recent rebound in the rand, raises the chances of interest rates being kept on hold next month

Economy

Treasury still upbeat on growth in the long term

Eskom's Medupi station. Picture: ARNOLD PRONTO
1 hour(s) ago

Growth will improve over the next few years once electricity supply constraints are addressed and global demand grows stronger

Finance Minister Nhlanhla Nene delivers his medium-term budget statement on Wednesday.  Picture: TREVOR SAMSON

EDITORIAL: Nene not set to be Mr Popular

The finance minister is alive to the perilous fiscal situation SA finds itself in but not everyone will find his solutions palatable

Columnists

Anton Harber: Journalism is about providing families and histories and individuals with faces, rather than numbers and quantities

Ebola stories divide people into
‘others’ and US

Columnists

Most forex traders lose money; the most active learn nothing and see their losses mount over time, writes Michel Pireu

STREET DOGS: Forex losses accumulate for regular investors

Industrials

MD Richard Tomes considers resigning from PPC

Richard Tomes. Picture: RUSSELL ROBERTS
43 minute(s) ago

Expert warns that ‘continuity of knowledge’ needed on board

Industrials

SA working towards making titanium products, MPs told

Picture: THINKSTOCK
37 minute(s) ago

SA has the world’s second-largest reserves of titanium but currently exports the raw material for beneficiation elsewhere

National

Bill to cover hate crimes draws warnings

Picture: THINKSTOCK
33 minute(s) ago

Concern over ‘micromanaging culture’, which may lead to ‘overlegislation’, particularly in a vibrant constitutional democracy such as SA’s

Economy

Public services slashed, with some departments losing 4%

UPHILL BATTLE:  Members of liberation movement armies are going through a verification process before state benefits are granted. Picture: SOWETAN
1 hour(s) ago

General public services include the Treasury, the Department of Home Affairs, the Presidency, Parliament and provincial legislatures

Business

Bridging trust gap with business

Black Business Council spokesman and businessman Sandile Zungu. Picture: FINANCIAL MAIL
33 minute(s) ago

Zuma adviser Sandile Zungu says a model needs to be devised that welcomes business into the tripartite alliance and makes it an integral part of its discussions

Americas

Soldier shot near Canada’s parliament, shooter at large

Picture: THINKSTOCK
13 hour(s) ago

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

Picture: THINKSTOCK

MARKET BLOG: Why buy government bonds when you can buy gold?

With money printing once again ramping up, gold remains key defensive asset to help portfolios endure potential damage of financial bubbles, writes Dave Levenstein

Americas

Democrats are all aboard for the Hillary Clinton Tour

Hillary Clinton. Picture: BLOOMBERG/NOAH BERGER
35 minute(s) ago

The party’s most likely presidential candidate has been lending her support to other hopefuls in midterm elections

Asia-Pacific

Students may shun talks with Hong Kong authorities

Protesters attend a pro-democracy rally next to the Hong Kong government complex. Picture: AFP
35 minute(s) ago

The negotiations are widely seen as the only way to end nearly a month of protests calling for full democracy in the southern Chinese city without a police crackdown or further violence

Labour

Labour organisations welcome austerity promises

Nhlanhla Nene. Picture: TREVOR SAMSON
12 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

Business

Bridging trust gap with business

Black Business Council spokesman and businessman Sandile Zungu. Picture: FINANCIAL MAIL
33 minute(s) ago

Zuma adviser Sandile Zungu says a model needs to be devised that welcomes business into the tripartite alliance and makes it an integral part of its discussions

Americas

US consumer prices rise

Picture: THINKSTOCK
14 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

African Business

BCL’s Norilsk deal the first step in its hunt for nickel

SPARKING GROWTH: An employee works in a ferronickel smelter owned by state miner Aneka Tambang  in the Pomala district in Indonesia's South Sulawesi province. The country accounts for roughly 7%  of the world's total nickel mine output. Picture:REUTERS
41 minute(s) ago

Botswana’s state-owned BCL is embarking on a strategy to secure extra sources of metal, and its first step is the $337m purchase of Norilsk Nickel’s African assets

Retail & Consumer

Premier Foods seeks more acquisitions in Southern Africa

Brait CEO John Gnodde. Picture: FINANCIAL MAIL
40 minute(s) ago

Premier Foods, whose brands include Blue Ribbon bread, Snowflake wheat and Iwisa maize has been active on the acquisition front

National

Departments not abiding by recruitment policy, says report

45 minute(s) ago

The report recommends, among other things, a uniform job profile and job description for chiefs of staff across provinces

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
14 hour(s) ago

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

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
11 hour(s) ago

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

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Cartoons

Economy

Experts not overly surprised by tax ‘bomb’

Nhlanhla Nene. Picture: TREVOR SAMSON
13 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
16 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
16 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’

Arts & Entertainment

A vinyl time-trip revolution

41 minute(s) ago

My vinyl collection has been shaken gently awake again, put back in order, standing in genres and then within the more confined sub-groupings of bands, writes Allan Seccombe

Motoring

LAUNCH NEWS: This one is a no-go for now

The design is modern for the segment.
12 minute(s) ago

Datsun has returned to SA with its first model, the Go, but it lacks major safety items

Arts & Entertainment

FILM: Magic in the Moonlight; Brick Mansions

Picture: THINKSTOCK
36 minute(s) ago

Magic in the Moonlight is clearly one of Woody Allen's lesser work, writes Phillip Altbeker who also reviews Brick Mansions, which is a remake of District 13

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
1 day(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
1 day(s) ago

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

 
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The Third Umpire

SA Post Office chairwoman Hlamalani Manzini. A leaked draft annual report reveals not only chronic mismanagement and weak internal controls, but that the executive is dead set on awarding itself a 26% salary increase.

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It is great that Public Enterprises Minister Lynne Brown is taking concerted action to address the leadership crisis at SAA, not so great that she seems to be choosing sides to favour her boss’s buddies.

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Public Works Minister Thulas Nxesi. The problem of the state being tardy in paying suppliers was supposed to have been resolved; now we hear small businesses are still going to the wall due to cash-flow difficulties.

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