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Transport & Tourism

Further visa concessions possible for travellers from Russia, India and China

Mkuseli Apleni, left.  Picture: SOWETAN

SA is considering granting visas on arrival to travellers with permits in their passports to travel to countries that impose ‘stringent checks on visitors’

Mining

Coega is best-connected industrial or special economic zone in Africa

South African-built FAW trucks outside the plant in the Coega IDZ.  Picture: FAW SA

Few commodity exporters have invested in their infrastructure like SA has to provide a foundation for the beneficiation of minerals, writes Sadick Davids

Financial Services

Offshore funds burst through Reserve Bank limits

Picture: THINKSTOCK

Currency plunge has caused bulge in foreign investment portfolios, writes Moyagabo Maake

Land & Agriculture

Bitter harvest as dry spell squeezes sugar cane farmers

Trix Trikam. Picture: SUNDAY TIMES

South Africa sugar cane crop at lowest in 21 years as industry battles crippling drought

National

Business leaders to share lunch and concerns with president

Jacob Zuma. Picture: BLOOMBERG/WALDO SWIEGERS

Jacob Zuma’s luncheon follows meeting with 60 CEOs hosted by Finance Minister Pravin Gordhan to find a way to avert a sovereign debt downgrade

Opinion

Mining communities out in the cold over compensation

A man rides his bicycle past the Lonmin mine outside Rustenburg, northwest of Johannesburg. Picture: REUTERS

Initial promises can be downgraded with minister's permission — and with no notice to the community

Picture: THINKSTOCK

EDITORIAL: Necsa must clean up its act

Nuclear Energy Corporation of SA currently not fit to lead R1-trillion or more investment in new nuclear power stations

KPMG

KPMG Mining Risk Survey: SA’s long-term fundamentals are strong

There is room for optimism about the future of the local mining sector, despite the economic, political and industrial challenges facing SA

Featured partner

Land & Agriculture

Food costs fall to lowest since 2009

Women work in a cauliflower field in Kolkata, India, on Thursday.  Picture: REUTERS

United Nations says factors behind the decline in food-commodity prices are ample agricultural supply, a slowing global economy and a stronger dollar

Economy

Moody’s warns that lower growth is credit negative for SA

Picture: REUTERS

Rating agency says the near-zero growth rate is a ‘significant further downward shift’ in the already narrow tax base

Management

Want to know if a potential hire is civil? Ask your firm’s receptionist

Business meeting. Picture: ISTOCK

To avoid the massive cost of a toxic employee, speak to other people who have worked with him or her about past behaviour

Picture: THINKSTOCK

Nationwide hits broke SAA with damages suit

Defunct carrier Nationwide Airlines seeks R325m in damages over SAA’s abuse of dominant position

Energy

Eskom updates system ahead of hearings

Brian Molefe. Picture: TREVOR SAMSON

CE Brian Molefe says utility has clocked up almost six months without load shedding and trend set to continue

Business

Cartel watchdog gets World Bank nod

Picture: THINKSTOCK

SA’s competition bodies not doing too badly in opening up closed markets, writes Hilary Joffe

Financial Services

Banking Association SA unhappy with provisions in financial bill

Banking Association of South Africa MD Cas Coovadia. Picture: FINANCIAL MAIL

The Financial Intelligence Centre Amendment Bill will require that banks give special scrutiny to politically influential individuals

Financial Services

Banks resist tighter surveillance of VIPs

Picture: THINKSTOCK

Definition proposed in Fica amendment broader than ‘politically exposed persons’ used internationally

Energy

Eskom’s need to reduce costs puts coal under the spotlight

Eskom Medupi power station.

Department of Mineral Resources is concerned about containing electricity cost increases to avoid undermining competitiveness and development

Opinion & Analysis

Insurers need more data to combat overregulation

Picture: THINKSTOCK

There is no empirical evidence to support malpractice allegations that seem to demand all this costly bureaucratic intervention, writes Gerrit J Sandrock

Industrials

Quality sacrificed for pricing in infrastructure projects

Lynne Pretorius. Picture: SUPPLIED

Private sector needs to raise investment in public infrastructure to alleviate strain as state’s coffers run dry

Retail & Consumer

Hipster culture gives firms a run for money

Picture: ISTOCK

Younger consumers are rejecting big companies in search of alternatives, write Scheherazade Daneshkhu and Lindsay Whipp

Energy

Black businesses seek greater participation in nuclear build programme

Picture: THINKSTOCK

The Nuclear Energy Corporation of SA and the Black Business Council have created a business nuclear energy desk

Management

Now job hoppers calling the tune

Teenagers’ love of electronic devices, especially smartphones, makes it easy for their parents to snoop on them. Picture: THINKSTOCK

Losing and acquiring new employees is costly, even more so for management jobs, writes Sarah Grant

Industrials

Metals sector to see structural shifts

Steel coils.  Picture: BLOOMBERG

As globalisation speeds up South Africa must upgrade plants, stabilise supply and ensuring high-quality product

Mining

Gupta firm mute on how to fire up colliery

Mineral Resources Minister Mosebenzi Zwane speaks during a visit to Harmony Gold's Doornkop Mine on Tuesday.  Picture: GCIS

Mineral Resources minister raises eyebrows with visit to Optimum’s owner Glencore in Switzerland as part of Tegeta delegation

Economy

Gordhan and CEOs set sights on ratings

Pravin Gordhan. Picture: AFP PHOTO/MUJAHID SAFODIEN

Top business leaders unite on concerns over possible downgrade and knock-on effects to cost of borrowing, financial markets, business and ordinary South Africans

Retail & Consumer

Milk glut sees cut in price and earnings

Picture: THINKSTOCK

Current oversupply of milk is good news for consumers, who can expect to pay lower prices, but not for shareholders of Clover Industries

Land & Agriculture

SA expected to reap smallest harvest since 2007

Agriculture tractor. Picture: THINKSTOCK

Lowest rainfall since records began due to El Nino weather pattern has laid waste to country’s crops, with analysts forecasting decline of 25%

Business

Moyane set for showdown with Gordhan

SARS commissioner Tom Moyane at Parliament’s finance committee in Cape Town on Wednesday. Picture: TREVOR SAMSON

Commissioner Tom Moyane forges ahead with SARS restructuring plan contrary to orders from finance minister

Business

Nene gave go-ahead to restructuring plan, SARS says

Nhlanhla Nene was removed as finance minister on Wednesday.  Picture: TREVOR SAMSON

The implementation was halted by Finance Minister Pravin Gordhan shortly after he was re-appointed to the post in December, after Nhlanhla Nene was fired

Management

Making existing resources productive for as long as possible

Picture: THE NEW YORK TIMES/TONY CENICOLA

Using a circular supply chain would help make processes such as product design, procurement and waste management more efficient and productive

Management

Tired of hiring job-hoppers?

Picture: ISTOCK

For each job a candidate has had, ask why the person left the position and why he or she took the next one

Opinion

Advertising stereotypes help keep races apart

Advertising can promote transformation with fearless diversity

Financial Services

Treasury lends bankers an ear on finance act

Rand SA flag. Picture: THINKSTOCK

Top Treasury official warns South Africa has fallen behind international best practice

Economy

Conditions in private sector still deteriorating but at a slower pace

Deputy competition commissioner Trudi Makhaya.

Business confidence levels remain weak, which will translate into lower spending on investment and job creation and subsequently in low growth

Opinion

ANC claims do not gel with policies

Gwede Mantashe. Picture: RUSSELL ROBERTS

Land reform might be central to government’s ideological objectives, but it cannot serve as centrepiece of serious economic reform policy, writes Frans Cronje

Opinion

KPMG explanation on SARS mess is as clear as mud

SARS made decisions based on report even as raft of drafts still flowed between KPMG and tax office

Land & Agriculture

A quarter less maize than last year likely to be reaped in SA in 2016

Picture: RUSSELL ROBERTS

The forecast harvest, which the Crop Estimates Committee says will be the smallest crop since 2007, is 8.5% above market expectations of 6.86-million tonnes

Business

SA failing at supporting global innovation through domestic policy

Picture: THINKSTOCK

A new ITIF report urges policy makers to treat innovation as being as important as trade for optimising global growth

Land & Agriculture

Drought and poor control of boreholes add to crisis

Picture: THINKSTOCK

Dwindling water resources coupled with poor management of boreholes threaten country’s underground water supply

Land & Agriculture

Wine industry urged to innovate

Picture: ISTOCK

Wine makers urged to call ‘retail gatekeepers on your side and use native varietals’ to combat tough time ahead

Energy

Eskom gets tough with defaulting local governments

Picture: THINKSTOCK

Utility says five Northern Cape municipalities will be disconnected during peak-time electricity supply as they have defaulted on payment terms and arrangements

Property

Affordability is likely to be theme for property market in 2016

Picture: THINKSTOCK

Seeff Properties says market will absorb 50 basis point rate hike, but there will be a knock-on effect and first-time buyers will battle to get finance

Land & Agriculture

SA may face costly sorghum imports

Agriculture tractor. Picture: THINKSTOCK

Country poised to import significant amount of the grain with hefty price tag due to sharp depreciation of rand

Financial Services

New index launched to foster national savings culture

Picture: THINKSTOCK

Savings rate of 28% will help South Africa meet 5% growth rate aspired to in National Development Plan

Innovation

Local firm corners bike wheel market

Terry Annecke and Gary Turner in the BlackStone Tek Johannesburg factory. BST supplies aftermarket wheels for well-known and original equipment manufacturer motorcycle brands. Picture: SUE GRANT-MARSHALL

BlackStone Tek breaks mould with low-weight, high-strength carbon fibre wheels in ‘handmade’ industrialised process, writes Sue Grant-Marshall

Economy

SA scores high on policy uncertainty index

Picture: GALLO IMAGES/LISA HNATOWICZ

The sacking of Nhlanhla Nene, an interest-rate hike in November and negative assessments by rating agencies have all contributed to uncertainty

Health

Motsoaledi does not want NHI to limit choices

GO-TO MAN:  Health Minister Aaron Motsoaledi needs to come to the aid of the pharmaceuticals industry by making an extraordinary price adjustment for private sector medicines, the industry says. Picture: SUNDAY TIMES

Health Minister Aaron Motsoaledi signals strong future role for private healthcare in spite of controversial National Health Insurance proposals

Transport & Tourism

SAA axes unprofitable JHB-Abu Dhabi route

A South African Airways Airbus A320. Picture: SAA

SAA ceases route between Johannesburg and Abu Dhabi improve the financial performance

Opinion & Analysis

Land bill ploughs against grain of redress

Minister of Public Works Thulas Nxesi. Picture: SUNDAY WORLD

Expropriation Bill will greatly harm all South Africans — especially the jobless poor

Retail & Consumer

Retailers must tailor their business to accommodate customer needs

Picture: BUSINESS DAY

Cash-strapped customers still buying clothes but are more discerning — a trend retailers should harness

Financial Services

State proposes new rules for sales in execution

Picture: THINKSTOCK

Department’s Rules Board for Courts of Law must decide what reserve price should be to rein in fire sales

Transport & Tourism

Bidding begins for tender to provide 48 new Gautrain coaches

The Gautrain. Picture: SUNDAY TIMES

Gautrain transports 1.4-million passengers a month and is operating way beyond its capacity, officials say‚ six years after beginning operations

Standard Bank

JSE Sens

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