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Francisco Ferreira. Picture: WORLD BANK

World Bank economist affirms support for Eskom will continue

The World Bank will continue to offer financial and technical assistance to struggling power utility Eskom, says the bank’s Africa region chief economist

Transport & Tourism

SAA gives Kalawe budget package

Vuyisile Kona. Picture: BUSINESS DAY

Former SAA CEO Coleman Andrews received R232m in 2001 and Andre Viljoen walked away with about R7m and Khaya Ngqula was paid R8.9m. Vuyisile Kona, who was CEO for only four months, received about R1.5m

Business

‘Name and shame’ those guilty of collusion, says Madonsela

Thuli Madonsela. Picture: TREVOR SAMSON

Public protector says business people would rather be guilty of collusion than corruption

Retail & Consumer

Brait still has R24bn to spend, says Wiese

Christo Wiese. Picture: FINANCIAL MAIL

Company that last week agreed to buy Virgin Active has ‘very substantial war chest’ to spend on deals, according to largest shareholder Christo Wiese

Trade & Industry

SA’s Agoa benefits in spotlight after US Senate move

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

Latest move aims at strengthening the hand of the USA Poultry and Egg Export Council

Transport & Tourism

Suspended SAA CEO Monwabisi Kalawe resigns

Monwabisi Kalawe.  Picture: RUSSELL ROBERTS

South African Airways says Monwabisi Kalawe has terminated his contract with national carrier, he will also step down as director

Opinion

BEE: Banks need to do the right thing in good time

If ownership issue is not settled properly and amicably, sooner or later politicians will be pressured to demand bigger chunks, writes Phakamisa Ndzamela

As countries run out of space to house people, supertall buildings — and the shorter time taken for construction — will be part of the solution Picture: BLOOMBERG

Going up, the long and short of skyscrapers today

Planned tall buildings address a very real issue that many countries face — they are running out of space, writes Andy Davids

Standard Bank

The correct financing for a franchise can heighten chances for success

Ethel Nyembe. Picture: STANDARD BANK

Careful evaluation and management of the numerous options available to fund a franchise should see you on the path to commercial success and wealth

Featured Partner

Innovation

Green house demonstrates some home truths to industry

Evan Lockhart-Barker at the innovative, energy-efficient home known as Stand 47, Monaghan Farm, north of Johannesburg. Picture: NICK BOULTON

Energy-efficient home at Monaghan Farm showcases solutions to solving the housing and energy crises in SA, writes Evan Lockhart-Barker

Innovation

Shift to green buildings is growing

Sophisticated, modern and trendy, Volkswagen head office is a prime example of a green-star rated building. The state-of-the-art structure was erected in 2013 and includes eco-conscious features to integrate VW’s environmental strategy. Picture: SUPPLIED

SA is finally achieving critical mass in the green building movement, writes Peter Townshend

Innovation

Do strong religious beliefs stifle innovation?

Picture: THINKSTOCK

A study by the US National Bureau of Economic Research shows that countries that are intensely religious are typically less innovative than those that aren’t

Financial Services

Local banks get a R66bn safety net

Lesetja Kganyago. Picture: PUXLEY MAKGATHO

The Reserve Bank’s liquidity facility will help supplement South African banks in case they have shortfalls

Lindiwe Zulu. Picture: PUXLEY MAKGATHO

Franchise sector growth impresses

Sector’s turnover reaches R300bn and it is contributing significantly to SA’s GDP, says Franchise Association of SA

Financial Services

Fight transfer pricing abuses, says Judge Dennis Davis

Judge Dennis Davis briefs the portfolio committee on Wednesday on trade and industry on the issue of transfer pricing.  Picture: TREVOR SAMSON

Transfer pricing enables multinational corporations, including Google and Starbucks, to pay little tax in some countries in which they operate

Management

Five signs that you need a new job

Picture: THE NEW YORK TIMES/TONY CENICOLA

To help you decide whether it may be time for a career change, here are critical signs, based on psychological research, that you would probably benefit from a career switch

Transport & Tourism

Xenophobic attacks ‘chase away foreign visitors’

Smoke rises from a burning vehicle as South Africans stand in the morning light after they attacked and burned vehicles and buildings in the area following another night of xenophobic related violence in downtown, Johannesburg.  Five people have been killed nationally during recent xenophobia attacks that started in the port city of Durban. Picture:  EPA/KIM LUDBROOK

South African National Parks says there have been booking cancellations from neighbouring countries in wake of recent xenophobic violence

Transport & Tourism

Attorney-general ‘gags’ Comair over SAA action

Comair CEO Erik Venter. Picture: MARTIN RHODES

Free Market Foundation says it received notice that Comair CEO Erik Venter was asked not to publicly comment on legal arguments

Education

Big investors oppose Advtech deal

Frank Thompson. Picture: FINANCIAL MAIL

Showdown looms with Coronation and Kagiso over the funding structure for a proposed R450m acquisition of smaller rival Maravest

Telecoms & Technology

Omission leaves state telecoms firm Broadband Infraco in crisis

Minister of State Security Siyabonga Cwele briefs media prior to delivering his budget speech on Tuesday.  Picture: TREVOR SAMSON

State-owned Broadband Infraco board tells shocked MPs it has been completely written out the telecommunications department’s strategic plan

Property

Unlisted funds ‘would benefit’ from Reit status

Picture: THINKSTOCK

Unlisted syndicates remain popular in SA despite the failure of some to reward investors

National

Court rules against RAF in grants case

WRECKED: The Road Accident Benefit Scheme Bill aims to compensate victims efficiently, without costly litigation. Picture: DAILY DISPATCH

Road Accident Fund argues foster care grants paid to guardian of orphaned children should be deducted from R112,942 payout

Media & Advertising

Manufacturers fear flood of ‘grey’ set-top digital boxes

The Sentech Tower presides over changes as digital broadcasting shakes up the industry. File picture: LESLEY STONES

Electronics manufacturers warn crucial changes to the digital migration policy mean any set-top box bonanza is under threat

Management

Welcome to the brave brand new Millennial world

REBOOT: Dion Chang says the road back from digital burnout can be a long one. Picture: SUPPLIED

Millennials are helping to create a brave, new world in which loyalty to a company is eschewed in favour of family and home, writes Sue Grant-Marshall

Business

Minister called to explain developments at CIPC

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

Parliamentary committee asks trade and industry minister to discuss Companies and Intellectual Property Commission after commissioner resigns

Energy

SA companies come to Eskom’s rescue

Koeberg nuclear power station at sunset.

Petrochemicals company Sasol becomes the latest company to conclude a power purchase agreement when it reached a deal to supply up to 440MW of power to the grid

Labour

Workers expected to meet to discuss way forward at Medupi

Eskom's Medupi power plant.  Picture: SOWETAN

National Union of Metalworkers of SA says all unions represented at construction site continued to consult members amid labour disruptions

Financial Services

Scramble to manage SA rich

Picture: THINKSTOCK

Managing the wealth of rich South Africans is becoming increasingly competitive as nonbankers muscle in on the lucrative market

Transport & Tourism

From sugarcane to hustle and bustle

Durban harbour. Picture: THE TIMES

KwaZulu-Natal’s northern coastal corridor, stretching from Durban to Ballito, is where it is all happening as sugarcane plantations make way for residential, commercial and industrial development

Business

CIPC head blames Davies for ‘unacceptable’ lack of support

Trade and Industry Minister Rob Davies engages in sharp exchange of words with outgoing company watchdog head Astrid Ludin over role of Nehawu in her departure

Telecoms & Technology

Websites prepare for Google’s ‘mobilegeddon’

Picture: THINKSTOCK

Search engine is changing its algorithm to favour sites that look good on smartphones, move is expected to have far-reaching effect on website operators

Opinion

BEE: Banks need to do the right thing in good time

If ownership issue is not settled properly and amicably, sooner or later politicians will be pressured to demand bigger chunks, writes Phakamisa Ndzamela

Opinion

PAVLO’S PERSPECTIVE: Selling products by creating stories

As a third generation, family-owned winery, Van Loveren Family Vineyards engaged both sides of the brain to build a formidable capability in an industry they understand intimately, writes Pavlo Phitidis

Trade & Industry

SA’s eligibility for Agoa benefits to be reviewed

Picture: THINKSTOCK

Senate finance committee votes to require Obama administration to launch review of eligibility for trade benefits under African Growth and Opportunity Act

Business

Goldman Sachs chairman is ‘generally bullish’ on SA

Lloyd Blankfein, chairman and CEO of Goldman Sachs Group, attends the annual meeting of the World Economic Forum in Davos on Friday. Picture: REUTERS

Goldman Sachs chairman and CEO Lloyd Blankfein says country is high-risk market with enormous potential, but it is failing to meet expectations

Law & Constitution

IRR puts forward alternative to Nxesi Bill

Minister of Public Works Thulas Nxesi. Picture: SUNDAY WORLD

Institute of Race Relations says its expropriation bill has many advantages over one put forward by Public Works Minister Thulas Nxesi

Transport & Tourism

CemAir mulls new routes to small towns

Roger Foster. Picture: FINANCIAL MAIL

The only airline in SA that allows pets on board may expand to other small towns following requests for Kimberly and Hoedspruit routes

Opinion

ON THE WATER: The state is dead, long live business

Jacob Zuma. Picture: KOPANO TLAPE

Citizens have cause to protest against the triumph of ignorance over reason at the University of Cape Town, a faux monarch defiling the constitution, and mindless mobs running amok

Opinion

ON WORK: Pearl anniversary means my workplace has been my oyster

Most workplaces are now relatively meritocratic; the hopeless are usually encouraged to shuffle off and be hopeless somewhere else

Management

Your brand is more than just a hashtag

Picture: THINKSTOCK

It’s easy to miss customer insights by failing to track the right keywords, and even easier to become overwhelmed by useless info if you track too many, writes Gordon Geldenhuys

Business

Office chair is designed to keep to you focused on your work

Picture: THINKSTOCK

Brody — play on words ‘body’ and ‘brain’ — is pod-like workstation shielded from view by screens on about three sides, intended to calm anxiety in workers

Energy

Eskom load-shedding avoids total blackout

An Eskom employee at work at Eskom's Medupi power station.  Picture: SOWETAN

Power utility’s generating capacity falls to record lows this week with close to 50% of plants out of service

Energy

Minister to ask Cabinet for additional board members for Eskom

Public Enterprises Minister Lynne Brown addresses the media on Wednesday during an update on the electricity crisis.  Picture: TREVOR SAMSON

Public enterprises minister apologises to SA for continuing load-shedding, says she will approach Cabinet with request to place additional members on Eskom board

National

Tribunal chief denies allegations

Picture: THINKSTOCK

Part-time Companies Tribunal chairman Simmy Lebala dismisses allegations by an anonymous whistleblower, saying they have no substance

Media & Advertising

MultiChoice denies ‘control’ of SABC

Picture: SUNDAY TIMES

Naspers-owned MultiChoice says it has no control over the South African Broadcasting Corporation’s policies governing signal encryption and editorial content

Business

Business registration looks set to take half the time

Picture: THINKSTOCK

Biometric verification set to revolutionise key problem area of time-consuming company registrations

Telecoms & Technology

SA drops in ranks of ICT-savvy states

Picture: THINKSTOCK

Broadband costs in SA are ranked among the world’s highest, which adds to the cost of doing business and prevents wider use of the internet

National

Industrial parks were neglected, Zulu admits

Lindiwe Zulu. Picture: PUXLEY MAKGATHO

Barrage from Democratic Alliance prompts Small Business Development Minister Lindiwe Zulu to admit township industrial parks are in dire straits

Energy

MPs grill Joemat-Pettersson, hint at corruption

Tina Joemat-Pettersson. Picture: GCIS

First substantial criticism of Energy Minister Tina Joemat-Pettersson’s own party since she took the post last year

Financial Services

Insurers and banks look to start-ups

Johannes Grosskopf, PwC banking and capital markets leader for Africa, left, and Peter Schlebusch, CEO of Standard Bank’s personal and business banking division. File pictures: ROBERT TSHABALALA

Trend is considered particularly pertinent to financial services in Africa, where cellphone use is growing strongly

Books

BOOK REVIEW: The Innovators

Bill Gates. Picture: BLOOMBERG

Plucking ideas out of thin air to create a revolution. Walter Isaacson suggests ideas are a serendipitous blend of geopolitical events, cultural trends, the development of symbiotic industries and the power of collaboration, writes David Gorin

Business

Small businesses need to prepare for tough times ahead, warn experts

Picture: THINKSTOCK

Business leaders say there are strong indications second quarter could be especially challenging for ‘vulnerable’ SMEs as cost of doing business is set to rise

Financial Services

Banks ombud in push for deposit insurance

Banking customers. Picture: THINKSTOCK

Ombudsman’s call for new measure echoes similar calls from the International Monetary Fund that SA introduce a safety net for customers if their bank fails

Trade & Industry

Chicken dispute unlikely to scuttle trade boon

Michael Froman. Picture: GETTY IMAGES/GABRIELLA DEMCZUK/AFP

South African trade negotiators have dodged a bullet in a hostile Washington, writes Simon Barber

Trade & Industry

Car show canned as events queue up

Picture: THINKSTOCK

Naamsa confirms cancellation of Johannesburg International Motor Show, citing costs as main reason

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