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Property

Property sector ‘slow to transform’

Amelia Beattie, chief investment officer of Stanlib Direct Property Investments. Picture: FINANCIAL MAIL

South African Property Owners Association wraps industry over knuckles for failing to promote broad-based black economic empowerment initiatives

Transport & Tourism

Western Cape wants more direct flights into province

A signboard at Cape Town International Airport  displays cancelled international flights in this 2010 file photo.  Picture: SUNDAY TIMES

Provincial economic development and tourism department is developing air access strategy with Wesgro, City of Cape Town, Airports Company SA

National

Minister says big business crowds out small business

Minister of Small Business Development Lindiwe Zulu. Picture: TREVOR SAMSON

Minister of Small Business Development Lindiwe Zulu accuses big business of squeezing out small players when it comes to scoring government work

Transport & Tourism

Slashed e-toll fees set to lift confidence in Sanral

Front, from left, Finance Minister Nhlanhla Nene, Gauteng Premier David Makhura, Transport Minister Dipuo Peters, Deputy President Cyril Ramaphosa and Deputy Finance Minister Mcebisi Jonas ahead of the e-tolls briefing. Picture: TREVOR SAMSON

Analysts call it a ‘start’ to repair agency’s reputation, but Opposition to Urban Tolling Alliance says little changes

Mining

Chamber of Mines urges carbon tax delay

Mike Teke. Picture: MARTIN RHODES

Chamber of Mines president Mike Teke calls proposed tax an ‘absurdity’ in the light of heavy losses in the carbon-intensive industry

National

SARS official quits as spy unit fallout continues

Picture: GALLO IMAGES/FOTO24/CORNEL VAN HEERDEN

Two former unit members, Helgard Lombard and Johan de Waal, also notified of their pending suspension

Opinion

There is no logic in the state continuing to bail out SAA

Picture: THE TIMES

Africa needs airlines but there is almost unanimous agreement that governments cannot run airlines and should not try

Opinion

Brand SA needs more than hosing it down

The public waves South African flags at the Union Buildings for the 2014 Presidential inauguration. Photo: GCIS

The past few weeks have revealed — thanks to xenophobia, the murder of a school teacher and the KFC Braamfontein incident — that a brand is a fragile thing

Malusi Gigaba. Picture: Picture: SOWETAN FILE PHOTO/PETER MOGAKI

Applying for SA visas made easy for senior executives

Premium, one-stop-shop for visa and permit renewals a partnership between the home affairs department, VFS Global and the Gauteng provincial government

The Field Office

The power of passionate sales

Picture: ANDRIES JOUBERT

Simple, feature-rich apps such as Field Office’s Honeybee provide tools for businesses that not only simplify sales but also help to bring passion back into selling

Brand Voice

Standard Bank

Joining agricultural value chain can bring exponential returns

Nico Groenewald, head of agribusiness at Standard Bank. Picture: STANDARD BANK

Farmers producing at commercially viable levels are confronted with need to make decisions about expanding beyond farm gate into rest of value chain

Featured Partner

Media

Black-owned media house ‘top priority’ for government

Faith Muthambi. Picture: TREVOR SAMSON

Transformation of media content and ownership heads government’s priorities for current financial year, says communications minister

Management

Four ways to break the ice with strangers

Picture: THE NEW YORK TIMES/TONY CENICOLA

Mingling with strangers can be difficult, but there are ways introverts can strike a balance between meeting new people and not having to initiate conversations

Economy

Treasury to disclose what noncore state assets are to be sold

Nhlanhla Nene. Picture: TREVOR SAMSON

Finance minister says Treasury will ‘soon’ present a paper to Cabinet about which noncore assets government plans to sell

Opinion & Analysis

Bosses with a softer touch will get more out of their teams

Picture: THINKSTOCK

When it comes to managing others new evidence is emerging that softer, more flexible and approachable management styles are more effective, writes Jenny Boxall

Books

Curse of the clever consultant

Author Duff McDonald says consultants have not behaved better than mercenaries, collecting huge fees for work of dubious worth. They have the chance to whisper into ears of power, and to exercise influence while being insulated from responsibility. Picture: SUPPLIED

We are yet to get a thorough and definitive analysis of how consulting firms have destroyed or created value in business, be it in the private or public sector, writes Epstein Vuyo Njokweni

Picture: THINKSTOCK

Chamber of Mines says carbon tax will damage industry

Chamber of Mines urges government not to implement carbon tax next year, saying it will damage already financially-strained mining industry

National

New e-toll fee structure linked to licence disc renewals

Deputy President Cyril Ramaphosa briefs the media on the new e-tolls dispensation on Wednesday.  Picture: GCIS

Ramaphosa announces reduction in fees, but DA notes greater enforcement of payments, including compulsory payment of outstanding e-tolls when renewing licence discs

Transport & Tourism

E-tolls stay‚ but will be cheaper

Transport minister Dipuo Peters, left, and Deputy President Cyril Ramaphosa brief the media regarding the new e-tolls dispensation on Wednesday.  Picture: TREVOR SAMSON

The unpopular user-pays e-toll system is here to stay, but fees will be cut in half, announces Deputy President Cyril Ramaphosa

Opinion & Analysis

State’s somersault on BEE rules

Trade and Industry Minister Rob Davies briefs media regarding plans to improve trade ties between South Africa-Japan, on Friday.  Picture: TREVOR SAMSON

Unfortunately, the focus on ownership has overshadowed the good news in the new codes, specifically the benefits for small businesses and startups, writes Paul Berkowitz

African Business

Bourses in Africa plan to cross-list more ETFs

Picture: MICHAEL ETTERSHANK

JSE says SA, Nigeria and Kenya planning to cross-list more exchange-traded funds on their stock markets to boost liquidity of the securities

Business

Small business department to overhaul approach to funding, says minister

Minister of Small Business Development Lindiwe Zulu. Picture: TREVOR SAMSON

Department of Small Business Development plans to address lack of access to finance by changing approach to funding, says small business development minister

Europe

Concern over patchy application of bank rules

Elke Koenig chairs the board that will decide on the quantity of bail-in bonds, which are intended to spread the losses if a bank starts to fail. File Picture: REUTERS

Regulators also fear clearing houses in the $630-trillion financial derivatives and swaps market could be the next too-big-to-fail institutions

Business

Davies calls reduction of BEE points an inappropriate approach

Trade and Industry Minister Rob Davies. Picture: MARTIN RHODES

Trade and Industry Minister Rob Davies compares abrupt change to black economic empowerment codes to using large sledgehammer to hit a fly

Opinion & Analysis

Natural resources the start, not the end, of development

Picture: ARDBEL

Mamokgethi Molopyane: Why resource rich communities must diversify their portfolio away from mining by looking at other sectors

Growth Engines

Reliable and safe Uber expects more drivers and riders

Picture: GETTY IMAGES

SA was the first country outside the US to launch Uber, with the service offered in three cities simultaneously. It also operates in Nairobi and Lagos, writes Katy Chance

Healthcare

SA Compensation Fund patients ‘getting a raw deal’

Picture: SUNDAY TIMES

Injured workers being turned away by private and state doctors who say the fund owes medical practitioners hundreds of thousands of rands, research shows

Labour

Thousands of Medupi workers return to site

Eskom's Medupi power plant. Picture: SOWETAN

Eskom and the National Union of Mineworkers say the majority of the workforce stayed away because of intimidation

Energy

NEWS ANALYSIS: ANC determined to avoid P-word in Eskom’s future

Medupi is at least two years overdue, and estimated to be more than R35bn over budget. When building began in 2007, the estimated cost of the site was R78bn, and it was projected that all six of its units would come online this year. File picture: SUPPLIED

There are two separate issues: possible private investment and splitting its generation and transmission functions, writes Carol Paton

Management

Six ways to be a more empathic manager

Picture: THE NEW YORK TIMES/TONY CENICOLA

Regardless of the source of your employee’s tears, it’s important to try to understand what happened in a caring and sensitive fashion

Energy

CEO Matona and Eskom part ways on good terms, paving way for board’s inquiry

Tshediso Matona. Picture: PUXLEY MAKGATHO

Eskom CEO Tshediso Matona leaves with a clean slate and a settlement equal to 12 months’ salary

Economy

Government ‘committed to disposing of nonstrategic assets’

Eskom Medupi power station.

Finance Minister Nhlanhla Nene identifies Eskom as ‘most pressing risk’ as government addresses funding needs of public institutions

Management

Four tips for handling emotional outbursts

Picture: THE NEW YORK TIMES/TONY CENICOLA

Crying, screaming are other ways to communicate, emotions indicate that issue being discussed is touching on something the person values strongly

Opinion

No Eskom solution without deep reform

The state faces a big challenge: Anthony Butler asks how it can ensure that recapitalisation goes hand in hand with governance reforms and an end to patronage

National

NEWS ANALYSIS: State’s explanation on BEE bungle unconvincing

Trade and Industry Minister Rob Davies. Picture: PUXLEY MAKGATHO

There is a great deal missing in the explanation from the department as to how the ‘mistake’ was made, writes Carol Paton

Growth Engines

Criminals and fraudsters need not apply

Kirsten Halcrow. Picture: FREDDY MAVUNDA

Common checks include qualifications, identity document, fingerprint verification, credit checks and the increasingly important criminal record checks, writes Katy Chance

Business

CIPC in move to improve labour relations

Rory Voller. Picture: ROBERT TSHABALALA

Bid to stabilise labour relations at the Companies and Intellectual Property Commission on the heels of commissioner Astrid Ludin’s resignation

Energy

Nuclear procurement to start despite questions

Energy Minister Tina Joemat-Pettersson says procurement of nuclear power will start in July, even though it is unclear if whether SA can afford it.  Picture: TREVOR SAMSON

Controversial energy policy has been fiercely debated with no evidence presented yet to show that it is affordable

Opinion

Distrust hurdle to e-toll buy-in by motorists

Transport minister Dipuo Peters, left, and Deputy President Cyril Ramaphosa brief the media regarding the new e-tolls dispensation on Wednesday.  Picture: TREVOR SAMSON

The major hurdle to ‘user pays’ buy-in is the track record of the administration — if the user pays, the state must give the user what he has paid for, writes Michael Fridjhon

Opinion

PAVLO’S PERSPECTIVE: Thrive in the unstoppable, on-demand economy

Uber is a good example of effective, fluid response to customers' demands and experience

Markets

Watchdog to target currency collusion

Picture: THINKSTOCK

Trades by local and foreign companies to be investigated as commission probes price fixing in multibillion-rand foreign currency trading market

Mining

Chamber of Mines comes to members’ defence

Roger Baxter.  Picture: SOWETAN

There are potentially very serious repercussions for offshore-listed SA mining companies in brewing battle over differing views between government and industry on empowerment and compliance with Mining Charter

Innovation

Cool brands set the tone for the offices of the future

Picture: THINKSTOCK

Red Bull gives employees wings by providing more than 1,600m² of space at the harbour’s edge at the V&A Waterfront, Cape Town, writes Linda Trim

Transport & Tourism

Regulations bring drones down to earth

Picture: THINKSTOCK

New regulations prohibit flying of a drone directly overhead any person or group of people or within a lateral distance of 50m from any person

Financial Services

Competition watchdog probes global banks over forex fixing

BEST PRACTICE: Competition Commission head Tembinkosi Bonakele says that regulation can be used by the state to tackle excessive pricing. Picture: PETER MOGAKI

Competition Commission opens investigation into foreign currency price fixing by several international banks

Energy

Nene says government will keep controlling stake in Eskom

Nhlanhla Nene.  Picture: TREVOR SAMSON

Finance Minister Nhlanhla Nene says power shortages are biggest risk facing economy, key to resolving crisis is intervening to contain costs

National

Gwede Mantashe denies ‘neoliberal’ talk that ANC plans to privatise Eskom

Gwede Mantashe. Picture: PUXLEY MAKGATHO

Secretary-general Gwede Mantashe says debate in the ruling party is about whether the government should consider the ‘Chinese option’

Property

Vaal River City project gains traction

The Vaal River.  Picture: SOWETAN

New R11bn metro development, which will be built along Vaal River, set to move ahead as architectural master plan is delivered to development firm

Mining

Rising output turns screw on SA platinum sector

Heaps of platinum ore ahead of the concentration process. Picture: SUNDAY TIMES

Perfect storm of rising costs, labour unrest and weak prices push platinum companies into restructuring, but they’ve held off unleashing production cuts

Transport & Tourism

NEWS ANALYSIS: SAA bail-out now a battle between Comair and banks

SAA. Picture: GALLO IMAGES/ALON SKUY

Pretoria High Court hears how Standard, Absa, Nedbank and Citibank made loans worth billions to the national carrier that were to be guaranteed by the state, writes Andiswa Maqutu

National

Parts of Eskom must be sold, says ANC

ANC economic policy head Enoch Godongwana. Picture: SUNDAY TIMES

Proposal includes possible purchase of Eskom stake by Public Investment Corporation, SA’s largest pension fund manager, or any of the pension fund entities

Trade & Industry

US must ‘utilise tools in Agoa to pressure SA’

Picture: THINKSTOCK

Chairman of the Senate finance committee says US must make ‘aggressive’ use of tools in African Growth and Opportunity Act to ensure SA complies with conditions

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