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The dangerous illusion and the inconvenient truth

Steven Friedman: Listening to the powerful is state capture; governments should take what powerful say seriously

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• In Depth
  Budget 2016 Growth Engines Brics Nelson Mandela 1918-2013 Understand your country. Or lose it Election 2014 Dialogue: Renewable energy Peter Bruce Interviews Accenture Innovation Index Awards

• Home
• National

  TOP STORY

  

  Gordhan expected to reply to Hawks

  Finance Minister Pravin Gordhan’s answers will reveal if the stand-off with Directorate for Priority Crime Investigation is set to end

  Politics

  • DA wants more than a parliamentary ‘pow wow’ on Guptas’ influence
  • ANC says DA delusional over committee on Guptas

  Media

  • Sunday Times launches improved mobile app
  • DA approaches High Court to set aside Motsoeneng disciplinary inquiry

  Labour

  • Stand-in waste collectors get security escort to do their job in Johannesburg
  • Labour court dismisses Amcu’s appeal

  Science & environment

  • Water withdrawals in SA likely to increase in next 20 years
  • Communities in drive to clean up the Duzi River

  Law & constitution

  • NEWS ANALYSIS: Free speech rules but not for disrupters
  • Do we want a system that allows a judge to separate justice and the law?

  Education

  • Release of ‘teachers jobs for cash’ report delayed as people’s lives ‘in danger’
  • ‘Jobs for cash’ report to be made public next month

  Health

  • WHO says Ebola international health emergency is over
  • Biosimilars offer the world massive cost-saving healthcare possibilities

  Opinion

  • EDITORIAL: Looming stagflation
  • Lack of nuclear transparency a cause for concern

  Columnists

  • Wartime rape not a neat, single narrative
  • SA’s small borrowers are subject to international credit rating standards
• Africa

  TOP STORY

  

  MTN South Sudan may shut down

  MTN South Sudan’s workforce will be reduced to about 80 from 170, while plans to build 40 communication towers have been shelved

  African News

  • WHO says Ebola international health emergency is over
  • EU to cut Burundi’s peacekeeper funding to try get it to end political crisis
  • Egyptian president fires top auditor after alleging government corruption
  • Hijacker releases all but about a dozen people aboard EgyptAir jet
  • Seventeen political activists jailed in Angola

  African Business

  • MTN South Sudan may shut down
  • Ghana grants Gold Fields tax and royalty concessions
  • Nigerian parliament probes whether MTN fine can be reduced
  • Nigeria expects oil output freeze at Doha meeting even without Iran
  • Algeria to negotiate directly with foreigners on oil and gas stakes
  • MPs table law to cap bank lending rates in Kenya

  African Perspectives

  • Wartime rape not a neat, single narrative
  • Ivory Coast attack should not cause waves of fear
  • Decision by Dos Santos to step down is good for Angola and for Africa
  • SA’s ignorance of Africa does everyone a disservice
  • Will Zuma’s visit to Nigeria bolster trade?

  African Leader
• World

  TOP STORY

  

  Myanmar gets first nonmilitary president in more than 50 years

  Parliament swears in new president after Aung San Suu Kyi’s National League for Democracy sweeps to power following a landslide election win in November

  Africa

  • MTN South Sudan may shut down
  • Ghana grants Gold Fields tax and royalty concessions

  Europe

  • Brussels airport not able to reopen yet
  • Biosimilars offer the world massive cost-saving healthcare possibilities

  Asia-Pacific

  • Myanmar gets first nonmilitary president in more than 50 years
  • Chinese banks' profits to flatline as bad debts soar

  Middle East

  • Rich countries are not doing their share for Syrian refugees, says Oxfam
  • Palmyra ruins will take five years to fix

  Americas

  • Brazil leader’s coalition collapses as impeachment looms
  • Dovish Yellen says Fed should proceed cautiously given global risks

  Opinion

  • UK Conservatives snared by budget trap set for Labour
  • A litany of errors behind Europe’s many crises

  Columnists

  • Wartime rape not a neat, single narrative
  • LETTER FROM WASHINGTON: ‘Barbarians’ help state keep populace in check
• Opinion

  TOP STORY

  

  Bank data show sorry state of corporate profitability

  Corporate SA’s struggle to make money and create jobs a danger sign that needs watching, writes Hilary Joffe

  Editorials

  • EDITORIAL: Small investor’s big battle
  • EDITORIAL: Stopping the spiral of violence

  Columnists

  • HILARY JOFFE: Bank data show sorry state of corporate profitability
  • XHANTI PAYI: SA’s problems are bigger than a single person

  Letters

  • LETTER: Accountants for ethics
  • LETTER: Stop the slaughter

  Polls

  Third Umpire

  Cartoons
• Markets

  TOP STORY

  

  Dovish remarks from Fed lift JSE

  Local bourse firmer on Wednesday morning after Federal Reserve chairwoman Janet Yellen delivers dovish speech, banking and gold shares benefit

  More News

  • Dovish remarks from Fed lift JSE
  • Bonds perk up in line with rand
  • Rand benefits from Yellen’s cautious stance

  JSE Today

  All Share

  52515.67

  1.41%

  up

  Top 40

  46421.92

  1.32%

  up

  Financial 15

  15692.96

  2.33%

  up

  Industrial 25

  71131.76

  0.46%

  up

  Resource 10

  29457.29

  3.89%

  up

  All data is delayed by 15 min.
  Data supplied by Profile Data

  Commodities

  Gold US$/oz

  1240.9

  -0.08%

  down

  Platinum US$/oz

  970

  0.21%

  up

  Silver US$/oz

  15.4

  0.26%

  up

  Palladium US$/oz

  576

  0.00%

  same

  Brent Crude

  39.56

  0.58%

  up

  

  All data is delayed by 15 min.
  Data supplied by Profile Data
• Economy

  TOP STORY

  

  Business confidence at factories tumbles

  More than eight out of 10 manufacturers dissatisfied with the prevailing conditions

  More News

  • February liquidations up 22.2% year on year
  • Manufacturing business confidence tumbles to six-year low
  • Zuma calls for greater economic cooperation with Saudi Arabia
  • Inflation surge means more and higher rates
  • Confidence in construction sector down in first quarter

  Economic Indicators

  Petrol price

  R11.74

  -69c

  same

  Repo rate

  7%

  0.25pp

  same

  Prime rate

  10.5%

  0.25pp

  same

  CPI (March)

  7%

  0.8pp

  same

  PPI (February)

  7.6%

  2.8pp

  same

  Last updated March

  Opinion

  • EDITORIAL: Looming stagflation
  • Let’s not wait for the crisis to deepen before speaking out

  Columnists

  • SONGEZO ZIBI: Leaner SA needs policy reorientation and real sacrifices
  • HILARY JOFFE: A country downgrade would be utter misery for all

  New Agenda
• Business

  TOP STORY

  

  Capitec’s surge in rescheduled loans highlight consumers in distress

  Despite this, the bank has posted a 26% increase in earnings — though analysts are cautious on its outlook as its market segment bears the brunt of growing pressure

  Trade & Industry

  • Call for steps against duty-free European chicken
  • Agoa sword will keep hanging above SA
  • Poultry crowd rubs salt in own wounds

  Management

  • Don’t lose your downtime because you are working for a workaholic
  • Six steps for turning around an aggressive conversation
  • ON WORK: Why we prefer nasty bosses to be horrible all of the time

  Innovation

  • Capso rings the changes with phone talent search
  • Freedom to tailor work life to suit all your life
  • Are we right to rage against the machine?

  Sectors

  • Energy
  • Financial Services
  • Healthcare
  • Industrials
  • Land & Agriculture
  • Media & Advertising

   

  • Mining
  • Property
  • Retail & Consumer
  • Telecoms & Technology
  • Transport & Tourism

  Banker SA

  SA Mining
• Companies

  TOP STORY

  

  Ghana grants Gold Fields tax and royalty concessions

  Gold Fields’ corporate tax lowered to 32.5% from 35%, and it will pay royalties on a sliding rate, depending on the gold price in dollars

  More News

  • Sovereign shrugs off court ruling to prevent shareholder meeting
  • MTN South Sudan may shut down
  • Toyota SA promotes Kirby to CEO to ease Van Zyl’s workload
  • Regulator limits how much public will cough up for fuel pipeline
  • After Starwood, the merger trend may move to Europe

  Sectors

  • Energy
  • Financial Services
  • Healthcare
  • Industrials
  • Land & Agriculture
  • Media & Advertising

   

  • Mining
  • Property
  • Retail & Consumer
  • Telecoms & Technology
  • Transport & Tourism
• Life

  TOP STORY

  

  Sharp online tools cut out the middlemen

  Forget sales teams of the past — buyers are selling to themselves by using the internet, and catching them early is key, writes Mark Eardley

  Arts & Entertainment

  • Capso rings the changes with phone talent search
  • The rise of on-demand viewing divides Hollywood

  Travel & Food

  • SA’s Michelin man will never again mistake ‘fowl’ for ‘breast’ in French
  • Walter Sisulu square in Soweto lacks the pulling power of Vilakazi Street

  Wanted Magazine

  Gadgets & Gear

  • The next big thing in phones may not be a phone
  • Epidemic of ‘ransomware’ is growing hacking threat

  Books

  • US author Pat Conroy dead at 70
  • BOOK REVIEW: The Boy Who Could Change the World

  Health

  • Caffeine consumption ups miscarriage risk
  • Dairy law set new fat levels for SA products

  Motoring

  • FIRST DRIVE: Worth waiting for Nissan’s new Navara
  • FUTURE MODELS: ‘Cool’ Mercedes coupe takes a bow
• Sport

  TOP STORY

  

  Simona Halep is sent packing at Miami Open

  Another high seed falls, but men’s tournament proceeds in more predictable fashion as world No 1 Novak Djokovic beats Austrian Dominic Thiem in the fourth round

  Rugby

  • Bulls without Gelant for a month
  • Ackermann may form part of dual-role Bok coach move

  soccer

  • Clubs may face stadium hitch, says PSL
  • Bafana’s chances of qualifying are slim

  Cricket

  • Edge-of-seat stuff is just right for Stokes
  • Kohli prompts Sachin memories
  • With no cricket coming up for a while, we could have a bleak winter
  • Win against Sri Lankans is too little, too late

  Other Sport

  • Simona Halep is sent packing at Miami Open
  • China to issue ‘warning penalty’ to two swimmers who failed doping tests
  • Williams and Murray crash out of Miami Open
  • Mubtaahij to race on in US after second place against best in the world
  • Dominant Day hits his stride for the Masters

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