• Friday, April 18 2014
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Picture: REUTERS

First black-owned steel mill in SA Agni Steel starts production

23 hour(s) ago

The Indian-backed venture is to initially produce 100,000 tonnes of steel billet annually at its state-of-the-art R400m state-of-the-art premises

National

SME department ‘very likely’, says Mbete

African National Congress national chairwoman Baleka Mbete.  Picture: TREVOR SAMSON
1 day(s) ago

African National Congress national chairwoman Baleka Mbete says department focused on small, medium-sized business will be able to address ‘specific challenges’

Mining

Coal reserves study gives lie to Eskom supply scare

Picture: THINKSTOCK
1 day(s) ago

Review shows resources adequate to allay ‘strategic mineral’ fears

Financial Services

Fines put spotlight on whether banks prioritise certain rules over others

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
1 day(s) ago

Big four hit with R125m in penalties over controls related to money laundering

Economy

Retail sales slowdown is more than expected

Picture: THINKSTOCK
1 day(s) ago

Growth in retail sales slow to four-month low, reflecting households’ moderating spending as higher borrowing costs, and rising food and fuel prices erode disposable income

Energy

Power producers may face funding hurdle

Picture: THINKSTOCK
1 day(s) ago

While there is concern about liquidity, banks so far remain enthusiastic, writes Sue Blaine

Property

Randburg mall revamp ‘a success’

Laurence Rapp, CEO of Vukile Property Fund. Picture: BUSINESS DAY
1 day(s) ago

Vukile spends R207m on upgrading mall, increasing footfall 20% in last quarter of last year

Business

Concerns over moves to track down tax cheats

Picture: GALLO IMAGES/FOTO24/CORNEL VAN HEERDEN
1 day(s) ago

Moves by ‘early adopter’ countries to track down tax cheats and fight tax evasion raise questions about privacy and costs

African Business

Standard’s Africa index declines on Zimbabwe stocks

A Zimbabwe Stock Exchange official walks past an electronic display screen at the close of trading in Harare on Monday. Picture: REUTERS
1 day(s) ago

Zimbabwean stocks have been Africa’s worst performers, falling for a sixth day to the lowest since January last year

Transport & Tourism

Sanral bets on state guarantee as it resumes stalled bond sales

South African National Roads Agency CEO Nazir Alli. Picture: PUXLEY MAKGATHO
1 day(s) ago

South African National Roads Agency to issue as much as R500m of inflation-linked and fixed-rate securities

Energy

Entire board supports Matjila, says Tsotsi

Collin Matjila. Picture: MARTIN RHODES
1 day(s) ago

Eskom chairman Zola Tsotsi says acting CEO Collin Matjila has the board’s unanimous support and is well equipped for the job

Transport & Tourism

FlySafair given licence to fly but faces fresh challenges

FlySafair CEO Dave Andrew. Picture: SUNDAY TIMES
1 day(s) ago

Battle to take off and deliver cheap flights between Johannesburg and Cape Town not yet over as a court challenge by a competitor may lie in wait

Picture: THINKSTOCK

Farm equity proposal is ‘smoke and mirrors’

Professor says proposal will not become policy and that government is only talking to farm workers now, a month before elections

Healthcare

Litigation delays healthcare inquiry

CONFIDENT: Inquiry chairman Judge Sandile Ngcobo briefs media on the healthcare competition probe on Wednesday. Picture: RUSSELL ROBERTS
1 day(s) ago

Competition Commission’s market inquiry into the private healthcare sector will only start after August

Energy

SA’s nuclear aspirations hinge on high costs

Picture: THINKSTOCK
2 day(s) ago

SA is battling an energy crisis after not building new generation capacity in the decade to 2005

Financial Services

Hedge fund regulations issued for comment

1 day(s) ago

The quick moves to implement full industry regulation mean SA likely to become first country to offer comprehensive regulated hedge fund products

Business

SAA washes hands of catering unit’s blunder

Picture: SOWETAN
1 day(s) ago

Airline says it is one of Air Chefs’ clients and is not involved in cancelled Mantelli’s tender

Advertorials

Standard Bank provides cash management solution ahead of holidays

Picture: REUTERS
3 day(s) ago

Standard Bank’s top five business tips on cash management safety to mitigate against financial harm to your business, staff or customers over the Easter holidays

SPONSORED CONTENT

Opinion

EDITORIAL: Finding other ways to mine

Picture: THINKSTOCK

As the Amcu strike at the platinum mines approaches its 100th day, investor confidence in SA’s economy is hitting a post-apartheid low

LABEL BLUES: The Broken Piano for President book cover which resembles a Jack Daniel’s whiskey label. The distillery managed the intellectual property infringement sensibly.

Try to avoid looking ridiculous

Firms must pick their trade mark battles carefully, writes Gaelyn Scott

Healthcare

Private healthcare market inquiry ‘might find nothing wrong’

Justice Sandile Ngcobo briefs the media on the market inquiry into private healthcare in Johannesburg on Wednesday. Picture: RUSSELL ROBERTS
1 day(s) ago

Chairman of panel appointed to conduct inquiry stresses it is merely an investigation into the nature of competition in the sector

Land & Agriculture

IFP says state must redistribute own land to emerging farmers

Tractor farm food farming. Picture: THINKSTOCK
1 day(s) ago

Party says state must stop relying solely on private farms for its land redistribution programme

Transport & Tourism

Wealthy see holidays ‘as a necessity, not luxury’

Seats with customisable comfort are coming for air travellers.  Picture: THINKSTOCK
2 day(s) ago

Ski resorts in particular have gained increased interest, including among the black middle class

Trade & Industry

Sacci trade activity index manages to remain on upside

Picture: THINKSTOCK
2 day(s) ago

‘Marginally improved’ business climate in March helps keep trading conditions in positive territory despite challenging financial conditions

Land & Agriculture

SA agricultural ‘bridge builder’ Ntombi Msimang dies

Ntombi Msimang. Picture: FINANCIAL MAIL
2 day(s) ago

Ntombi Msimang, wife of former home affairs director-general Mavuso Msimang and chairwoman of Agri-Sector Unity Forum, dies at family home

Energy

Green energy now cheapest

 World Wide Fund for Nature SA Living Planet Unit head Saliem Fakir. Picture: FINANCIAL MAIL
2 day(s) ago

‘There is no question: renewables are now part of the energy mix’

Transport & Tourism

Transnet applies for electricity licence

Picture: SUNDAY TIMES
3 day(s) ago

State logistics group plans to regenerate 38MW by 2017, mostly using the technology of its new locomotives

Energy

Department gears up to start energy procurement

Picture: THINKSTOCK
3 day(s) ago

Department of Energy will start an 800MW co-generation procurement process this month, and buy 2,500MW of coal-fired energy next month

Business

SARS about to make more transactions reportable

Picture: GALLO IMAGES/CHARLES GALLO
3 day(s) ago

SA Revenue Service expands the list of transactions that will in future have to be reported to the revenue authority

African Business

Multitude of taxes makes Africa expensive

Picture: THINKSTOCK
3 day(s) ago

Standardisation of withholding taxes would simplify business in region, writes Amanda Visser

Mining

Copper, palladium pinpointed as best metal prospects

Picture: THINKSTOCK
3 day(s) ago

Copper, palladium have the best prospects among metals at present, says Standard Bank in its latest global commodities review

Telecoms & Technology

New wireless mesh network helps Kuruman ‘pass on the message’

A donkey cart travels on a gravel road in the town of Kuruman in the Northern Cape. Picture: SUNDAY TIMES
3 day(s) ago

Department launches Northern Cape phase of wireless mesh network project, which will offer residents better internet connectivity

Financial Services

Musa, Swiss partner to help SMEs in healthcare

3 day(s) ago

Musa Capital the partner in investment fund that plans to develop SMEs providing health services to the poor in African countries

Telecoms & Technology

Banks urged to adopt credit card antifraud system

credit card chip XXX  Picture: THINKSTOCK
3 day(s) ago

South African banks should adopt location-based services to reduce fraudulent credit card transactions significantly, industry expert says

Industrials

State cracks whip on waste disposal firms

Picture: REUTERS
4 day(s) ago

At least three firms are under investigation or face penalties for violations including fraud and operating illegal facilities

Opinion

ON THE MONEY: Investor diversity on the JSE would aid capital raising for risky ventures

Treasury thinks private investors will make bad decisions if they invested without an asset manager

Opinion

THICK END OF THE WEDGE: Foreign investment isn’t what it used to be

SA has to get capital from abroad, and we are putting up such a sorry show now that it would be hard to make a case for investing in the status quo

National

Engineering a stronger economy built on trust

Transnet Engineering workshops at Kilner Park Koedoespruit. Picture: ARNOLD PRONTO
2 day(s) ago

Not only does South Africa need to produce more engineers, it also needs to improve the way the public and private spheres interact, writes Tom Nevin

Mining

Politician, executive named in Bakubung conflict

The main shaft at Wesizwe’s Bakubung platinum mine in Rustenburg. Picture: SUNDAY TIMES
2 day(s) ago

Ngculu, Mgudlwa deny role in sowing conflict over tribe’s stake in miner Wesizwe, writes Setumo Stone

Financial Services

Banks’ pullback on unsecured lending may hurt SA

2 day(s) ago

Consumption could drop as banks pull back on unsecured lending, says head of Boston Consulting Group’s financial institutions practice

Telecoms & Technology

Cape Town broadband access may soon be ‘cheaper, more reliable’

Patricia de Lille. Picture: FINANCIAL MAIL
1 day(s) ago

City concludes deals with internet service providers who have taken up spare infrastructure capacity generated via broadband network

Financial Services

Reserve Bank fines banks over lack of effective anti-money laundering measures

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
2 day(s) ago

Big four banks fined R125m for failing to ensure compliance with the provisions of the Financial Intelligence Centre Act

Healthcare

Minister suspends medical schemes registrar

Monwabisi Gantsho.  Picture: FINANCIAL MAIL
2 day(s) ago

Health Minister Aaron Motsoaledi suspends registrar of the Council for Medical Schemes, Monwabisi Gantsho, pending a forensic probe

Business

Interdepartmental letter over Air Chefs tender debacle raises eyebrows

Picture: SUNDAY TIMES
3 day(s) ago

Letter about in-flight snacks from director-general of Department of Trade and Industry leaves taste of unsavoury tendering procedures at SAA

Opinion

IN THE MARKETS: Cutifani being diplomatic about Rustenburg mines

Anglo American CEO Mark Cutifani is clutching at straws with his comments on operations in Rustenburg

Opinion

A platinum producers’ cartel is not practical

Restricting supplies is not the answer to the platinum industry’s woes — costs must be brought under control

Transport & Tourism

MyCiTi bus route reaches Atlantis

Patricia de Lille. Picture: FINANCIAL MAIL
3 day(s) ago

Western Cape extends its integrated rapid transit system, MyCiTi, to Atlantis, the latest deprived town to get the service

Transport & Tourism

Treasury to allocate R100m to promote domestic tourism

Kingsley Makhubela, director-general of the Department of Tourism. Picture: RUSSELL ROBERTS
3 day(s) ago

Treasury is due to allocate R100m to Sho’t Left, South African Tourism’s flagship domestic tourism marketing campaign

Transport & Tourism

Prasa ready to build central control centre

Gauteng MEC for transport Ismail Vadi. Picture: MARTIN RHODES
3 day(s) ago

But R51bn tender for manufacturer of commuter coaches is yet to be awarded

Financial Services

Significant changes in store for retail banking sector

Banking customers. Picture: THINKSTOCK
3 day(s) ago

Retail banking in 2020 will look very different from today as banks simplify their models, use innovation to their advantage, according to survey

Energy

Municipal reliance on electricity tariffs ‘impedes growth of small-scale generation’

Eskom’s Koeberg nuclear plant looms over Melkbosstrand in Cape Town. Picture: SUNDAY TIMES
3 day(s) ago

Municipalities’ reliance on tariffs for revenue is holding back expansion of small-scale energy production, Western Cape climate change director says

Energy

Martins set to announce new electricity projects

Energy Minister Ben Martins. Picture: PUXLEY MAKGATHO
4 day(s) ago

Details of SA’s long-awaited procurement processes for new baseload and cogeneration independent power producer projects to be announced

Energy

Eskom energy efficiency scheme curtailed in hard times

Picture: THINKSTOCK
4 day(s) ago

Financial constraints have cut back the energy efficiency programme Eskom has run since 2004, the power utility says

Business

Mixed reactions to proposed small-business ministry

ANC secretary-general Gwede Mantashe. Picture: THE TIMES
4 day(s) ago

Contradictory views follow a hint by ANC secretary-general Gwede Mantashe that a ministry for small and medium enterprises could be announced after the elections

Telecoms & Technology

Communications laws enacted

Picture: REUTERS
4 day(s) ago

President Jacob Zuma enacts two long-awaited pieces of communications legislation

Property

Weak rand contributes to forecast of rise in listed property distributions

4 day(s) ago

Investec Asset Management expects distribution growth in listed property sector to accelerate slightly this year

African Business

Private equity helps drive African growth

Picture: THINKSTOCK
5 day(s) ago

Private equity has enabled businesses in Africa to grow by servicing rapidly gentrifying populations

 
All Share 48362.220.00% same
Top 40 43446.520.00% same
Financial 15 13650.320.00% same
Industrial 25 54866.520.00% same
Resource 10 56852.550.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
FTSE 100 6625.250.00% same
Dow Jones 16408.540.00% same
All Share 48362.220.00% same
ASX 5444.800.00% same
S&P 500 1864.8500.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
USD/ZAR 10.4869-0.06% down
GBP/ZAR 17.6077-0.04% down
EUR/ZAR 14.4930-0.05% down
JPY/ZAR 0.10240.06% up
AUD/ZAR 9.7931-0.02% down
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
Gold 1294.90000.39% up
Platinum 1413.00000.28% up
Silver 19.64000.04% up
Palladium 797.00000.63% up
Brent Crude Oil 109.5300.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge

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  • All Share : 48362.22
    Change: 0.00%
    Top 40 : 43446.52
    Change: 0.00%
    Financial 15 : 13650.32
    Change: 0.00%
    Industrial 25 : 54866.52
    Change: 0.00%
    Resource 10 : 56852.55
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • FTSE 100 : 6625.25
    Change: 0.00%
    Dow Jones : 16408.54
    Change: 0.00%
    Hang Seng : 22760.24
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    ASX : 5444.80
    Change: 0.00%
    S&P 500 : 1864.850
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • ZAR/USD : 10.4869
    Change: -0.06%
    ZAR/GBP : 17.6084
    Change: -0.04%
    ZAR/EUR : 14.4925
    Change: -0.05%
    ZAR/JPY : 0.1024
    Change: 0.05%
    ZAR/AUD : 9.7913
    Change: -0.04%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • Gold : 1294.9000
    Change: 0.39%
    Platinum : 1413.0000
    Change: 0.28%
    Silver : 19.6400
    Change: 0.04%
    Palladium : 797.0000
    Change: 0.63%
    Brent Crude Oil : 109.530
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
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