• Thursday, October 23 2014
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Picture: THE TIMES

Land claims set to receive first budget allocation

21 hour(s) ago

Department of Rural Development and Land Reform expected to set aside R1.1bn to investigate land claims process that was reopened in June

Labour

Employment tax incentive ‘showing positive results’

Tax incentive. Picture: THINKSTOCK
21 hour(s) ago

Finance Minister Nhlanhla Nene says reports on programme to encourage employers to appoint young workers with little experience indicate it is successful

Energy

State mulls selling assets to help Eskom

Eskom's Medupi station. Picture: ARNOLD PRONTO
21 hour(s) ago

Government will provide Eskom with at least R20bn of funding through sale of non-strategic assets to help utility out of financial crisis, says finance minister

National

Outspoken directors of SAA face Brown’s axe

Lynne Brown. Picture: TREVOR SAMSON
1 day(s) ago

Chairman Dudu Myeni, who has a close personal relationship with President Jacob Zuma, is spared

Financial Services

Old Mutual may grow stake in Indian insurance venture

Julian Roberts, group CEO of Old Mutual. Picture: FINANCIAL MAIL
1 day(s) ago

An increase in shareholding would give Old Mutual higher exposure to the high-growth market of India, which boasts 1.2-billion people

Economy

Leading economic activity indicator rises marginally

Nhlanhla Nene.  Picture: SOWETAN
1 day(s) ago

Indicators such as these are key in helping policy makers determine how the economy is performing and the effectiveness of growth-focused policies

Energy

Project Ikhwezi eats into PetroSA assets

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMES
1 day(s) ago

In the past year the project received an environmental authorisation and began a second well last October

Business

Amended BEE act to come into effect in October, says Davies

Trade and Industry Minister Rob Davies briefs the media on the amended black economic empowerment act on Tuesday.  Picture: GCIS
1 day(s) ago

New office of BEE commissioner to be established and will be expected to deal with issues of fronting, says trade minister

Economy

Taxing wealthy ‘won’t solve SA’s budget deficit’

Picture: THINKSTOCK
2 day(s) ago

SA is spending more than it is collecting in revenue, which has caused a large budget deficit and led to speculation that taxes will be raised in future

African Rainbow Minerals chairman Patrice Motsepe briefs the media on the company's results on Friday.  Picture: MARTIN RHODES

Softer tax regime for philanthropy has a catch

Proposed legislative changes have been offset by restrictions requiring the distribution of all investment income earned on funds within five years

Trade & Industry

Vehicle production is recovering from strike

Picture: THINKSTOCK
1 day(s) ago

Some companies worked their assembly plants at 100% capacity to make up lost production

Business

Small business ministry consolidates functions

Lindiwe Zulu. Picture: PUXLEY MAKGATHO
1 day(s) ago

Minister Lindiwe Zulu said programmes under the Department of Trade and Industry had not been effective

Trade & Industry

Late government payments are ‘killing black-owned small businesses’

Public Works Minister Thulas Nxesi. Picture: PUXLEY MAKGATHO
1 day(s) ago

Knock-on effects include inability to repay loans and to obtain tax clearance certificates for tendering purposes

Standard Bank

Make the most of your agricultural production loan by planning ahead

Nico Groenewald. Picture: SUPPLIED BY STANDARD BANK
30 day(s) ago

It is easier for a bank to lend you money if you understand both your costs and your profitability

FEATURED PARTNER

Opinion

Infrastructure not SA’s main hurdle

If only the path to economic prosperity was as clearly marked as Christine Lagarde would have us believe

Picture: THINKSTOCK

Sars closes in on trusts’ exploitation of system

Details of parties benefiting from trusts required and greater disclosure, writes Amanda Visser

Business

First SMME colloquium will focus on ‘favourable tax regime’ for small business

OPPOSITION: Black Business Council CEO Xolani Qubeka says sector codes amount to ‘window-dressing’. Picture: SUNDAY WORLD
2 day(s) ago

Favourable tax regime for small business will be focus of first-ever gathering to develop master plan for newly created Department of Small Business Development

Energy

Nuclear vendor workshops will allow potential suppliers to strut their stuff

Picture: THINKSTOCK
2 day(s) ago

Countries wanting to sell nuclear technology to SA will be able to parade wares in pre-procurement workshop to be hosted by Department of Energy

Telecoms & Technology

Icasa councillors mull legal battle on dismissals

Faith Muthambi. Picture: GCIS
3 day(s) ago

Communications Minister Faith Muthambi may have to back down on a decision to have councillors removed from office or ‘face a court challenge’

Transport & Tourism

Sanral does a U-turn on Gauteng e-toll panel

Picture: SOWETAN
3 day(s) ago

The about-turn may flag a subtle acknowledgement that the government is gradually losing the public relations battle against a resurgent anti-toll campaign

Business Times

‘Build your business from the ground up’

INDEPENDENT THINKER: Jannie Mouton believes in going against the trend when it comes to investment. Picture: HETTY ZANTMAN
4 day(s) ago

Jannie Mouton scoffs at ‘myth’ that black entrepreneurs are held back by banks that won’t finance projects

Business Times

Americans hot for SA sink $37bn into stocks

SCIENCE OR FICTION: Traders work on the floor of the New York Stock Exchange in New York, Picture: GETTY IMAGES/AFP
3 day(s) ago

By the end of September, the total value of South African companies with ADRs in the US stood at $37.8-billion — a 6.1% rise on the previous year

Financial Services

Unions hail delay in pension tax reform

Nhlanhla Nene. Picture: MARTIN RHODES
7 day(s) ago

Employers may be rattled as they have been preparing over the past year for the changes

Property

Pivotal Property Fund to bring R9.2bn portfolio to market

Phase 1 of Pivotal Property Fund's Alice Lane development in Sandton.  Picture: PIVOTAL PROPERTY FUND
6 day(s) ago

Management hopes to raise R1bn in a pre-listing private placement and proceeds will be partly used to finance R1.5bn acquisition of Alice Lane development

Mining

Lonmin denies AIDC accusation of ‘wage minimisation’

Dick Forslund. Picture: TREVOR SAMSON
6 day(s) ago

Aim of the report ‘was to ascertain whether Lonmin could have afforded the rock drillers’ demand for an increase to R12,500 from their monthly salaries of just more than R7,700’

Energy

Energy fund’s irregular spending soars

Picture: THINKSTOCK
8 day(s) ago

The auditor-general recommends the Central Energy Fund’s board comply with relevant legislation, and establish an independent review system of the treasury function

National

Committee ‘fails to get explanation’ for suspension of National Gambling Board

Trade and Industry Minister Rob Davies. Picture: TREVOR SAMSON
8 day(s) ago

Trade and industry committee fails to get any explanation for temporary suspension six weeks ago of board members of National Gambling Board

Retail & Consumer

Growth in retail sales slows slightly in August

Picture: THINKSTOCK
7 day(s) ago

Moderation in growth in line with slower spending growth by households as rising interest rates, high inflation take their toll on disposable incomes

Energy

SA signs nuclear co-operation agreement with France

Tina Joemat-Pettersson. Picture: GCIS
8 day(s) ago

Energy committee complains of being ‘left in the dark’ over preparatory deals

Trade & Industry

Car makers must avoid Antipodean oblivion

8 day(s) ago

For every direct automotive job lost in Australia, many more would be shed in service industries, and thousands of small businesses would face collapse

Opinion

ON THE MONEY: SA doesn’t need state-owned bank

Let the ANC instead focus its energy on creating a strong business environment that will foster black entrepreneurs

Opinion

ON WORK: Why be passionate when you can be conscientious?

This report adds to the pile of studies that tell us that the world belongs to the conscientious

Business

Concern over revised empowerment codes

Picture: THINKSTOCK
2 day(s) ago

Critics argue that period allocated for public comments is insufficient

Transport & Tourism

Gauteng seeks investors for planned aerotropolis

OR Tambo International Airport in Johannesburg. Picture: ACSA
2 day(s) ago

A five-year implementation plan for the aerotropolis is scheduled to be released for public comment within six weeks

National

Sasol Inzalo aims to bypass Post Office

Picture: SOWETAN
2 day(s) ago

Though Sasol would have used text and e-mailed messages and the Stock Exchange News Service anyway, the court action is to bypass using postal services to send out printed documents

Opinion & Analysis

How loan sharks abuse debt laws

WARNING: The World Bank encourages governments to reduce regulations that make financial services too expensive for some. Picture: SUNDAY TIMES
3 day(s) ago

The most vulnerable in our society are supporting the funders of thriving credit-granting and debt collection industries, writes Ann Crotty

National

Gambling board suspended over ‘breach of finance rules’

Trade and Industry Minister Rob Davies. Picture: TREVOR SAMSON
3 day(s) ago

These include failing to prevent irregular, fruitless and wasteful expenditure and the use of a bank overdraft without the approval of the finance minister

Telecoms & Technology

Cellular companies retrenching hundreds

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

MTN, Telkom and Cell C are cutting hundreds of jobs to cut costs

Business Times

Lonmin’s failed gag bid puts spotlight on transfer pricing

Bridgette Radebe.  Picture: SOWETAN
3 day(s) ago

Bid by platinum giant to stop release of a report which puts the spotlight on transfer pricing by mining groups appears to have backfired

Business Times

Africa rides the rails once more

Picture: THINKSTOCK
3 day(s) ago

Private-sector funds and rolling-stock charters keep wheels turning on heavy-haul rail renaissance

Business Times

Leaked audit report points to Post Office chaos

Post Office employees on a strike at the Witpost Mail Centre in Ormonde, Johannesburg.  Picture: BAFANA MAHLANGU
3 day(s) ago

Old problems at South African Post Office not addressed as fraud spikes

Business Times

How slain tycoon Wiggill took SA’s banks for a R1bn ride

OPULENT MANSION: The late Jeff Wiggill's imposing home in Woolston Drive in Westcliff, Johannesburg. Picture: SIMON MATHEBULA/SUNDAY TIMES
4 day(s) ago

How former First Strut chairman Jeff Wiggill masterminded fraud of almost R4-billion from Investec, Standard Bank, the Industrial Development Corporation and other institutions

Transport & Tourism

FlySafair will bring needed competition

Picture: THINKSTOCK
6 day(s) ago

Carrier is flying four return flights daily between Johannesburg and Cape Town at a highly competitive single fare

Land & Agriculture

SA to take black spot row with EU to WTO

Picture: THINKSTOCK
6 day(s) ago

SA to challenge the EU’s continued threat to ban SA’s citrus fruit exports

Opinion

Longer lives have unforeseen effects on the economy

Picture: THINKSTOCK

The most important factor today is life expectancy increasing after conventional ages of retirement

Opinion

Advertising can change world with real intent

LOW SALES: An attendee pauses to checks his mobile device in front of an advert for Sony’s Xperia Z smartphone in this file picture. Picture: BLOOMBERG

With the power to connect communities and create conversation, advertising can change the world

Telecoms & Technology

Paper cups and meetings on camera at Sita

NEW BROOM: CEO Freeman Nomvalo  has been given a year to clean up the State Information Technology Agency.  Picture: SUNDAY TIMES
7 day(s) ago

In a drive to cut costs and clean up, CEO is trying what 16 predecessors have failed to do, writes Setumo Stone

Healthcare

Call for equitable healthcare access

Aaron Motsoaledi. Picture: GCIS
7 day(s) ago

The main problem bedevilling the country’s health system is the funding structure that favours the rich over the poor

Energy

Fillip in search for offshore oil and gas

LOOMING LARGE:  The oil rig Pride South Seas in Cape Town harbour. SA is ideally situated to provided auxiliary services in the oil and gas industry off Africa’s east and west coasts.  Picture: SUNDAY TIMES
7 day(s) ago

If successful, the project will help SA produce about 370,000 barrels of oil and gas a day in 20 years

 
All Share 47630.93-1.19% down
Top 40 42489.09-1.27% down
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Resource 10 47982.73-1.97% down
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FTSE 100 6371.58-0.44% down
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  • All Share : 47630.93
    Change: -1.19%
    Top 40 : 42489.09
    Change: -1.27%
    Financial 15 : 14043.74
    Change: -0.43%
    Industrial 25 : 57217.76
    Change: -1.23%
    Resource 10 : 47982.73
    Change: -1.97%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6370.91
    Change: -0.45%
    Dow Jones : 16461.32
    Change: 0.00%
    Hang Seng : 23340.65
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    ASX : 5369.90
    Change: -0.06%
    S&P 500 : 1927.110
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.9555
    Change: -0.38%
    ZAR/GBP : 17.5344
    Change: -0.64%
    ZAR/EUR : 13.8741
    Change: -0.24%
    ZAR/JPY : 0.1019
    Change: -0.73%
    ZAR/AUD : 9.6240
    Change: -0.14%
    All data is delayed by 15 min
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  • Gold : 1239.5900
    Change: -0.17%
    Platinum : 1259.2000
    Change: -0.22%
    Silver : 17.1450
    Change: -0.26%
    Palladium : 766.2500
    Change: -0.10%
    Brent Crude Oil : 84.810
    Change: 0.12%
    All data is delayed by 15 min
    Data supplied by INET BFA
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