• Wednesday, August 20 2014
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Business

Business rescue provisions in Companies Act ‘groundbreaking’, says Davies

Trade and Industry Minister Rob Davies. Picture: PUXLEY MAKGATHO
12 hour(s) ago

Since business rescue provisions became effective in 2011 more than 1,330 notices were filed of which 1,121 were valid business rescue notices, says minister

Mining

Green Scorpions to go on sand mining blitz

Picture: ARDBEL
15 hour(s) ago

Environmental management inspectors from national, provincial departments will take part in initiative to address environmental, water damage

Energy

SA urged to harness fuel cell project

It is the first time ever in the world that platinum fuel cells, used in a Kroonstad community test project, are being used as a prime power source for households. Picture: CHARLOTTE MATHEWS
23 hour(s) ago

Development could spur a high-technology downstream industry — if Energy Department includes fuel cells in masterplan

Economy

Moody’s downgrades Standard Bank, Absa, FNB and Nedbank

Picture: REUTERS
12 hour(s) ago

Downgrading follows the decision by the Reserve Bank to take troubled unsecured lender African Bank out of the hands of its management and put a curator in charge

African News

Ebola must not halt airlines, Iata urges

Picture: THINKSTOCK
1 day(s) ago

WHO says aviation constitutes low risk for Ebola transmission, and Ebola-hit regions need guaranteed connectivity to fight disease

Transport & Tourism

Accommodation income up year on year in June, survey shows

Picture: THINKSTOCK
1 day(s) ago

Statistics SA’s tourist accommodation survey shows total income for industry rises by 7.1% year on year, in current prices, in June

Healthcare

New health proposals may head for court

Picture: THINKSTOCK
2 day(s) ago

If the existing proposals are passed, short-term insurers will be banned from selling policies for primary healthcare that pay for visits to a doctor or dentist and medicines

The Big Picture

Banking customers. Picture: THINKSTOCK
African Bank’s failures can provide important lessons for the banking sector and government on facilitating blue-collar finance, writes Simon Mantell   Read More

Media & Advertising

Tribunal grants Caxton right to intervene in Media24 merger case

Picture: RUSSELL ROBERTS
23 hour(s) ago

Caxton must be given access to documents filed in case and would be allowed to cross-examine witnesses who might appear in case

Transport & Tourism

KwaZulu-Natal hospitality industry in the dark over new levy

A container ship pulls into Durban Port.  Picture: THE TIMES
1 day(s) ago

No details revealed on collection or calculation of money that is meant to help fund province’s bids for international events

Standard Bank

KZN’s key position in SA’s economy is assured

Amrei Botha. Picture: STANDARD BANK
22 day(s) ago

Third-smallest province continues to punch above its weight category, its share of manufacturing sector is larger than all other provinces

Featured partner

Opinion

Transformation is about more than just black CEOs

If we are serious about real transformation, people need to be thinking of how to transform the credit committees

Picture: SUNDAY TIMES

EDITORIAL: Capitec too swims in rough waters

Capitec is in the same market as African Bank, so it is hard to see how it can be unaffected by Abil’s woes

Industrials

Tyre-recycling sets off on road to environmental sustainability

Picture: THINKSTOCK
2 day(s) ago

A five-year initiative to create a sustainable industry to recycle millions of scrapped tyres every year, is making progress and attracting international interest

Healthcare

Treasury to finalise healthcare regulations by November

Picture: THINKSTOCK
2 day(s) ago

Treasury says it has no intention of waiting for the outcome of the Competition Commission’s enquiry into private healthcare before it regulates health insurance products

Business Times

Matona tipped for Eskom hot seat

Public enterprises director-general Tshediso Matona. Picture: FINANCIAL MAIL
2 day(s) ago

Eskom is also trying to fill other executive positions in an extremely challenging period for the utility

Energy

Integrated energy plan ‘can take SA well beyond fatalism’

President Jacob Zuma and Russian counterpart Vladimir Putin during bilateral Talks in May 2013. Several rounds of discussions included the subject of nuclear energy. Picture: GCIS
1 day(s) ago

Expert says SA’s renewable energy technologies should be prioritised immediately and ambitiously

Business Times

Localisation has to become lekker

Picture: THINKSTOCK
2 day(s) ago

Localisation supports the government’s vision to build a strong local manufacturing base to power industrialisation objectives, writes Itumeleng Kgaboesele

Industrials

France’s Areva to refit Koeberg nuclear plant

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

The refit is part of a programme to install up to 9,600 megawatts of new nuclear power by 2030

Economy

Government’s R9bn jobs fund has new management

Picture: THINKSTOCK
4 day(s) ago

Management of jobs fund will now be transferred to newly established Government Technical Advisory Centre from Development Bank of Southern Africa

Mining

Mining needs to emulate NDP’s vision

Joel Netshitenzhe. Picture: TYRONE ARTHUR
4 day(s) ago

Joel Netshitenzhe says mining companies need to consider developing a Mining Vision 2030 in line with the NDP to repel negative perception

Mining

Miners in the dark over passage of bill

Ngoako Ramatlhodi. Picture: VELI NHLAPO
6 day(s) ago

Mining Charter review under way, initial results suggest much more needs to be done, while sector also anxious about charter audit

Energy

Eskom opts to focus on maintenance

Picture: THINKSTOCK
6 day(s) ago

Eskom has decided to move away from its policy of ‘keeping the lights on’ at all costs

Mining

Investing in women in interest of nation, says Dlamini-Zuma

African Union Commission chairwoman Nkosazana Dlamini-Zuma speaks at the opening of the African Economic Conference in Fourways, Johannesburg, on Monday. Picture: PUXLEY MAKGATHO
5 day(s) ago

AU Commission chairwoman Nkosazana Dlamini-Zuma tells mining delegates there is a ‘disproportionately high number of men’ in mining sector and it ‘must change’

Business

Sacci trade activity index falls in July

Picture: THINKSTOCK
5 day(s) ago

South African Chamber of Commerce and Industry trade activity index falls below 50 for first time in 2014 as sales volumes, new orders plummet due to strike

Land & Agriculture

Commercial farmers should expedite land reform, says Mantashe

WELCOME CHANGE: ANC secretary-general Gwede Mantashe speaks on land  reform and food production in Sandton on Wednesday. Picture: PUXLEY MAKGATHO
5 day(s) ago

ANC secretary-general says commercial farmers must take charge of advancing the transformation project in the agriculture sector

Transport & Tourism

Uber to launch cheaper service in Johannesburg

Picture: BUSINESS DAY
5 day(s) ago

Cashless driver-hailing app will introduce uberX to city, company wants service to be ‘so affordable, reliable, efficient’ that people will no longer need to own cars

Opinion

No need for neutrality rules in SA just yet

The worry is that without net neutrality, big telecoms companies could use their broadband infrastructure in homes to block or impede certain types of content

Opinion

In praise of the path less travelled

For most investors, automatic mimicry and the peer effect makes it extraordinarily difficult to go against the norm

Mining

Amcu members want to be mine owners

Amcu treasurer Jimmy Gama. Picture: ROBERT TSHABALALA
2 day(s) ago

Association of Mineworkers and Construction Union says its members are interested in buying assets being sold off by Anglo American Platinum

Business Times

Geek becomes entrepreneur-breeding dragon

South African entrepreneur Vinny Lingham. Picture: SUNDAY TIMES
2 day(s) ago

Vinny Lingham, who has just made megabucks in a US deal, has jetted back to South Africa to film the local version of the UK hit reality-TV show Dragon’s Den

Business Times

Now R699 founder takes on Facebook

Picture: REUTERS
2 day(s) ago

Albert Venter is suing one of the customers who fell victim to his car scheme for R1m for ‘defamation’

Opinion

Message to self on holiday: ‘do not look at work messages’

There is one thing about working life on which there is no agreement at all: whether it is okay to check your e-mails while on holiday

Opinion

A central bank can regulate, but can it supervise?

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

The management of banks is definitely not the function of the central bank or of the registrar of banks, writes Jannie Rossouw

Business

State set to take control of BEE verification

Director-general in the Department of Trade and Industry Lionel October delivers the keynote speech at the African Textile, Apparel and Footwear Trade Event at the Cape Town International Convention Centre on Tuesday.  Picture: TREVOR SAMSON
5 day(s) ago

Department of Trade and Industry says verification agencies will be downgraded to become ‘empowerment advisers’ so that the private sector does not issue certificates to itself

National

Gauteng tenders to be open to public scrutiny

David Makhura. Picture: PUXLEY MAKGATHO
4 day(s) ago

Gauteng Premier David Makhura says ‘a fresh approach’ is needed to combat corruption

Telecoms & Technology

Companies fail to capture youth market through social media

Picture: THINKSTOCK
6 day(s) ago

But a Student Social Media report finds that 70% of students surveyed view adverts on social media

National

Costly suspensions undermine service delivery, says Chabane

Minister in the Presidency Collins Chabane delivers a post-cabinet media briefing on Thursday.  Picture: TREVOR SAMSON
6 day(s) ago

Minister urges senior managers in provincial governments to intensify fight against corruption and other misdeeds

Media & Advertising

Caxton believes it can assist Competition Tribunal to resolve rival transaction

Picture: RUSSELL ROBERTS
6 day(s) ago

Publishing and printing group wants to present information that will show negative competitive effect of transaction on the publishing industry.

Business

Nedgroup accused of liquidation fraud

Picture: THINKSTOCK
6 day(s) ago

Man tries to prove that Nedgroup, part of the Nedbank Group, legal firm Edward Nathan Sonnenbergs and other legal entities conspired to rob him of a farm he bought in the Cape

Land & Agriculture

Commercial farmers urge state to ‘fix policy inconsistency’ in sector

Agriculture tractor. Picture: THINKSTOCK
6 day(s) ago

Organised commercial farmers seek commitment from government to bring ‘policy synergy, coherence and certainty’ to agricultural sector

National

Local debt to Eskom ‘points to dire crisis’

Pravin Gordhan. Picture: TREVOR SAMSON
7 day(s) ago

Municipalities’ debt to the embattled electricity utility Eskom has trebled to R10.8bn in nine month

Mining

Mining minister commits to ‘rigorous, transparent’ process if bill gets approval

Mineral Resources Minister Ngoako Ramatlhodi. Picture: SUNDAY TIMES
6 day(s) ago

If bill amending Mineral and Petroleum Resources Development Act is signed into law there will be ‘rigorous engagement with stakeholders’ to draft underlying regulations

Management

Corporate governance ‘worse in past year’

Claudelle von Eck, CEO of the Institute of Internal Auditors South Africa. Picture: PUXLEY MAKGATHO
6 day(s) ago

Only 17% of internal auditors surveyed felt organisations were identifying, managing risks sufficiently

Retail & Consumer

Investigation uncovers unlawful food labelling

Picture: THINKSTOCK
7 day(s) ago

National Consumer Commission probe unveils practice of unlawfully altering food labels in Mpumalanga and North-West stores

Transport & Tourism

Home affairs unswayed by airlines’ protest

Public Enterprises Minister Malusi Gigaba addresses a media briefing after delivering his budget speech on Tuesday. Picture: TREVOR SAMSON
6 day(s) ago

Home Affairs Department digging in heels over new immigration policy, saying security of South Africa and its people is first priority

 
All Share 51363.370.00% same
Top 40 46195.610.00% same
Financial 15 14640.450.00% same
Industrial 25 59585.320.00% same
Resource 10 58170.950.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6779.310.00% same
Dow Jones 16919.590.00% same
All Share 51363.370.00% same
ASX 5623.200.09% up
S&P 500 1981.6000.50% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 10.67690.35% up
GBP/ZAR 17.73220.32% up
EUR/ZAR 14.20690.22% up
JPY/ZAR 0.10350.16% up
AUD/ZAR 9.92420.29% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1294.5500-0.08% down
Platinum 1437.50000.24% up
Silver 19.4565-0.00% same
Palladium 881.50000.51% up
Brent Crude Oil 101.5600.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51363.37
    Change: 0.00%
    Top 40 : 46195.61
    Change: 0.00%
    Financial 15 : 14640.45
    Change: 0.00%
    Industrial 25 : 59585.32
    Change: 0.00%
    Resource 10 : 58170.95
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6779.31
    Change: 0.00%
    Dow Jones : 16919.59
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    Hang Seng : 25124.73
    Change: 0.01%
    ASX : 5622.20
    Change: 0.07%
    S&P 500 : 1981.600
    Change: 0.50%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.6777
    Change: 0.36%
    ZAR/GBP : 17.7309
    Change: 0.31%
    ZAR/EUR : 14.2078
    Change: 0.22%
    ZAR/JPY : 0.1035
    Change: 0.18%
    ZAR/AUD : 9.9235
    Change: 0.28%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1294.5050
    Change: -0.08%
    Platinum : 1437.5000
    Change: 0.24%
    Silver : 19.4511
    Change: -0.03%
    Palladium : 881.5000
    Change: 0.51%
    Brent Crude Oil : 101.550
    Change: -0.01%
    All data is delayed by 15 min
    Data supplied by INET BFA
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