• Tuesday, December 01 2015
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Eskom ends Exxaro’s coal contract for Arnot power station

Exxaro can bid for a new contract but Eskom says it cannot afford to pay R900 a tonne, as the cash-strapped utility exits its cost-plus agreements with mines

Transport & Tourism

Prasa court case on shaky ground


Rail agency will need graft conviction against Swifambo for success in court bid to end R5bn contract

Transport & Tourism

Bad faith in way SAA obtained interdict, says Business Day


Interdict centres on a document that SAA argues is protected by attorney-client privilege but that Business Day says was an internal memorandum to the board

Transport & Tourism

Minibus taxi industry pilots card payments

BANKABLE: Trials for the Fair Pay smart-card payment system are under way in Pietermaritzburg. The aim is to have 10,000 taxis converted from a cash-based transaction system to the smart-card system next year. Picture: MARK SMYTH

New scheme could revolutionise banking system for lower-income groups, writes Mark Smyth


Dry stacking can better contain detritus

The mudslide disaster at the Samarco iron-ore mine in Brazil early last month killed at least 11 people and left another 12 missing. Millions of tonnes of ore waste in man-made dams need to be treated. Picture: REUTERS/RICARDO MORAES

Alternative engineering called ‘dry stack’ removes water to make tailings safer to store, and put an end disasters such as toxic Samarco mudslide, write James Regan and Susan Taylor


Pioneers bid to make virtual universe a reality

Virtual reality is still in the brick-size cellphone days, says one futurist, but film directors and even journalists are exploring the medium to bring it to the masses. Picture: REUTERS/MARIO ANZUONI

Gold rush around virtual reality technology is about to pick up speed with headsets from leading brands, writes Lorne Manly


A recall by any other name might mask fatal truth

The Volkswagen emissions scandal has put the spotlight on recalls. Stephanie Erdman, injured when a Takata airbag in her Honda Civic exploded, testifies at a US Senate Committee hearing last year. Picture: BLOOMBERG/STEPHANIE ERDMAN

Car dealers’ ‘service campaigns’ can masquerade as cover to rectify potentially lethal gitches, writes Mark Smyth


Homeboys help metered cabs get even with Uber

Tim Pearson. Picture: SUPPLIED

Local upstart start-up Ryda to level the playing field for metered taxis and registered drivers in South Africa, writes Eugene Yiga


Beacons may steer retail — or just fade in the fog of fads

A merchant would need only beacons capable of communicating with an iPhone, and shoppers would almost magically receive cereal discount coupons for the very boxes they happened to be viewing at that moment. Picture: REUTERS/JIM YOUNG

New beacon technology tells advertisers exactly which aisle you’re in to offer seemingly magical discounts on your iPhone, writes Joshua Brustein


Time is the investor’s friend

According to Peter Lynch investors should buy, hold, and when the market goes down, add to it

Dudu Myeni. Picture: TREVOR SAMSON

NEWS ANALYSIS: Who will steer the national carrier to less turbulent skies?

Industry buzzing with rumours of who will head SAA with South African Express CE Inati Ntshanga as frontrunner, writes Carol Paton

Business Connexion

Why the Internet of Things is such a good thing


Whether you’re a car manufacturer or a government, a brewer or a builder, Business Connexion can help you on your journey towards a digital future

Featured Partner


Barclays Africa opening doors to global markets for its commercial clients


Vital that business leaders acquire deeper understanding of global economy by familiarising themselves with international business trends and best practices

Featured Partner

Standard Bank

Agriculture value chain is a powerful sustainability tool

Picture: THE TIMES

Globally, farmers, agribusinesses, governments, financial institutions are beginning to see value chain holds untapped opportunities for strengthening development

Featured Partner


Empowerment funds fail to muscle in real change

Dismal record shows state’s not serious about transformation


Four ways to boost health and productivity at work

Picture: ISTOCK

There are many intelligent workplace practices that can help employees maintain their well-being and help to create a thriving workplace

Retail & Consumer

Retailers expect festive sales to disappoint

Christmas celebrations. Picture: JAGADEESH NV / EPA

EY and the Bureau for Economic Research festive season retail survey shows growth in sales volumes significantly lower in the run-up to Christmas compared to last year

There is significantly more to acquiring a Powerwall than just buying and installing it.Picture: REUTERS/PATRICK FALLON

Want a home battery? Be ready for the long haul

For Tesla Powerwall to be a viable option the family home will need an radical energy-efficiency overhaul, and expect return on investment within a decade, writes Darryl Devar

Trade & Industry

Horse exports to UAE boost Western Cape economy

ON THE HOOF:  Fewer mustangs run wild than are held in corrals. Picture: THINKSTOCK

Horse export industry worth over R200m to provincial economy, but could grow to R1bn


Malema tells UK investors to include workers

Students applaud Economic Freedom Fighters leader Julius Malema at Oxford University. Picture: THABO JAIYESIMI

Julius Malema says BEE a disaster at the heart of South Africa’s economic woes and collapse of state-owned corporations including South African Airways


Nene gives his support for retirement reforms that will ‘protect’ pensioners

Nhlanhla Nene. Picture: BLOOMBERG/SIMON DAWSON

Retirement reforms so strongly opposed by Cosatu are good ones that will help protect pensioners against old-age poverty, Finance Minister Nhlanhla Nene says


Business confidence falls to five-year low


Bureau for Economic Research’s business confidence index falls two points to 36 in fourth quarter as weak demand weighs on company sales volumes, profit


National Empowerment Fund call for BEE to remain policy

Philisiwe Mthethwa , CEO National Empowerment Fund. Picture: WALDO SWIEGERS/ SUNDAY TIMES

National Empowerment Fund CEO Philisiwe Mthethwa says policy is still relevant, critical, must still be implemented


Nene will not sign up government for R500bn nuclear bill, says Louw

Leon Louw, executive director of the Free Market Foundation. Picture: FINANCIAL MAIL

Free Market Foundation’s Leon Louw says Finance Minister Nhlanhla Nene has shown himself to be responsible, and private investment will be needed

Transport & Tourism

Gigaba reiterates SA’s visa regulation changes

Malusi Gigaba. Picture: TREVOR SAMSON

Home Affairs Minister Malusi Gigaba says biometrics will be captured on arrival at a port of entry

Transport & Tourism

Private sector should invest ‘lazy cash’ in infrastructure, says Transnet acting CEO

Siyabonga Gama. Picture: MARTIN RHODES

Transnet head urges companies to invest 'lazy cash sitting on their balance sheets' in upgrading plant and equipment to grow the economy

Transport & Tourism

Companies among top e-toll dodgers

Picture: SOWETAN

Firms with fleets dominate e-toll defaulters’ ranks as total outstanding debt reaches R5.9bn

Financial Services

Plan to allow SA banks to issue covered bonds muted


Reserve Bank, Treasury discuss introducing securities that were previously banned because of concern they may undermine interests of depositors

Financial Services

JSE opposes latest twin peaks regulation bill

Picture: JSE

JSE’s legal counsel warns if its clearing house is rendered illegal resulting local derivatives market exodus will cause ‘massive loss of liquidity’

Transport & Tourism

Railway body concerned at high cost of rail track switch


Regional railways association backs Trasnet’s call for restraint over new high-cost standard gauge rail track

Transport & Tourism

Local fun seekers help liner industry cruise into bay of plenty

BUOYED: The recently renovated MSC Sinfonia is one of the cruise liners that will carry some of the 108,000 passengers MSC expects in SA during the 2015-16 season. Picture:THE HERALD

Cruise liners a hit with local holiday makers


World Bank unit issues first green bond in SA


International Finance Corporation issues first rand-denominated green bond, raising about $71m for climate-friendly investments in emerging markets


Reform of retirement savings to go ahead


ANC determined to push matter through while finance committee whip points out members of provident funds can get a tax deduction and take home more pay


State and private sector must plough resilience into farms


Unpredictable times loom for the entire value chain of the agricultural sector


Joburg’s mass recycling project crucial as landfills run out of time

GRAB THE MOMENT: A separation-at-source project is to be extended across Johannesburg, says Pikitup’s Amanda Nair. Picture: FREDDY MAVUNDA

Pikitup’s pilot to be rolled out from next year as landfill sites run out of room, writes Charlotte Mathews

Transport & Tourism

Prasa fights its BEE locomotive supplier


Agency wants court to set aside R5bn contract with black economic empowerment consortium Swifambo to supply it with locomotives


Construction sector cartel case nears completion


Regulator wants parent firm Delatoy Group to fork out 10% of its local unit Delatoy Investments’s turnover for bid-rigging and loser fees


Four tips for getting what you want from your boss

One person stands between you and your next raise or promotion: your boss


EDITORIAL: SAA peddles fallacy on BEE


It’s time cronyism, to which many SAA board members owe their places on the board, is regarded as anti-transformational and rejected with contempt


Agriculture not hot enough topic

Farmers and other stakeholders in agriculture insist the dire consequences on food security and livelihoods need to be addressed more decisively at the highest level. Picture: PUXLEY MAKGATHO

Draft agreement in Paris stops short of committing to action to protect agriculture — and the millions who depend on it — from ravages of climate change


New service delivery centre in Cape Town set to create 3,000 jobs

Trade and Industry Minister Rob Davies briefs the media on the amended black economic empowerment act on Tuesday.  Picture: GCIS

SA’s business process outsourcing sector receives major boost thanks to new EXL Cape Town delivery centre


State ‘to intervene to boost economy and save jobs’

Economic Development Minister Ebrahim Patel addresses the opening of the Hisense factory in Atlantis in the Western Cape on Thursday.  Picture: TREVOR SAMSON

Economic Development Minister Ebrahim Patel tells Cosatu delegates the government will continue to use instruments of state to bolster key economic sectors


ANC to go head to head with Cosatu over retirement reforms


Members of parliamentary standing committee on finance agree that retirement reforms should be introduced next year, but federation opposes plan

Transport & Tourism

Committee too busy for Prasa hearings

Popo Molefe. Picture: PUXLEY MAKGATHO

Transport chairwoman Dikeledi Magadzi justifies decision to skip Scopa hearing on messy Prasa business, saying committee’s plate full


Conciliation body called in to intervene in Foskor deadlock

factory worker XXX  Picture: THINKSTOCK

Strike brings activity at chemical producer’s Richards Bay plant down to 10% for past three weeks


Gauteng looks to ‘diversify’ as declines in mining and steel weigh on economy

David Makhura. Picture: SOWETAN

Premier David Makhura says province will shift its focus to tourism, agriculture, agroprocessing and renewable energy to mitigate effects of deindustrialisation

Law & Constitution

Commission limits extent of leniency with tribunal referral


Path open for third parties to sue whistleblower


Botswana seeks to expedite nickel deal

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

Nickel a central platform Botswana’s government will use to diversify its economy away from diamonds


Four things to do before asking for an increase


Four steps toward acknowledging your self-worth and proving your value

Land & Agriculture

US fund plans to plough into African agricultural sector

Agriculture tractor. Picture: THINKSTOCK

Fund capitalised mainly by wealthy US individuals — including beer brewing family, the Coors, as well as the Belk family

Standard Bank

JSE Sens

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