• Wednesday, November 26 2014
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Picture: THINKSTOCK

Eskom asks staff to quit to contain soaring costs

11 hour(s) ago

Utility's net profit in the six months to September falls 24% to R9.3bn as it battles broken equipment and lower sales volumes

Business

SARS exempts pensions from outside SA

Picture: GALLO IMAGES/FOTO24/CORNEL VAN HEERDEN
4 hour(s) ago

Tax paid on foreign pensions will be refunded once an assessment has been made

Industrials

Tough times ‘rattle construction firms’

Picture: BLOOMBERG
3 hour(s) ago

Overall industry revenue increased 9% in the year to date, but total profits were down 4%

Business

State’s development scheme draws black industrialists

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

A total of 28 black-owned companies register with the Department of Trade and Industry’s programme to develop black industrialists

Multimedia

VIDEO: Solidarity calls for affirmative action to be abolished in public service

16 hour(s) ago

Johan Kruger at Solidarity explains why trade union will be making representations to have affirmative action in public service abolished or suspended

Retail & Consumer

Shoppers trust big brands in hard times

A Woolworths Food store with restaurant
1 day(s) ago

While they may purchase them, a majority of South African consumers say they are not loyal to store brands, study shows

Energy

Joemat-Pettersson faces probe calls over PetroSA

Tina Joemat-Pettersson. Picture: FLICKR
1 day(s) ago

Minister accused of misleading public on appointment of PetroSA chairman Tshepo Kgadima.

Health

Tobacco body blames illegal cigarettes

Picture: THINKSTOCK
1 day(s) ago

CEO Francois van der Merwe says 60% of illicit cigarettes in SA are produced locally and about 30% smuggled from Zimbabwe

Department of Higher Education and Training director-general Gwebinkundla Qonde.   Picture: SOWETAN

Promoting equality in SA’s ivory towers

Officials defend ‘low number’ of female staff at senior and top management level

Financial Services

Retail review less likely to affect local financial advisers

3 hour(s) ago

Retail distribution review proposes banning commissions on all savings products and restricting upfront commissions on most life insurance products

Property

Listed property ‘will slow next year’

Picture: THINKSTOCK
3 hour(s) ago

In the twelve months to October, local property index return at 19.4% against equities’ 12.5%

Seifsa

Business nails it with Seifsa-PIPs

Picture: SEIFSA
18 day(s) ago

Decision to transform Seifsa-PIPs subscription has led to growth in new subscribers, positive feedback from users, increased inquiries

Featured partner

Opinion

ON WORK: Eavesdropping on others’ work talk will cure your itchy feet

White-collar work is a bit like an emasculated, heavily regulated game of Monopoly, writes Lucy Kellaway

Picture: THINKSTOCK

Brace for power emergency, Eskom warns businesses

Power utility declares power emergency, calls on large industrial customers to urgently reduce usage

Industrials

Industrial gas plants add to Coega’s resources

POWER SUPPLY: This file picture shows Afrox MD Brett Kimber (right) at the group’s R300m air separation unit at Coega. With him are, from left, Afrox’s Corne Coetzee, the Coega Development Corporation’s Chris Mashigo and Afrox’s Rene Naidu. Picture: THE HERALD
1 day(s) ago

Development zone will now be able to offer businesses a ‘fourth utility’ after electricity, water and fuels,

Business Times

Ketso out in the cold?

Ketso Gordhan.  Picture: PUXLEY MAKGATHO
2 day(s) ago

Workers who hold a 6% stake in the company are likely to be unhappy about the potential loss of Gordhan

Energy

Eskom announces fresh round of scheduled blackouts

Picture: THINKSTOCK
4 day(s) ago

Eskom says it has started with scheduled blackouts on Friday afternoon, citing a severely constrained power system due to unforeseen technical problems

Business

Tax man mulls new transfer pricing law

Picture: THINKSTOCK
6 day(s) ago

Also under consideration is the creation of a legal framework for advance pricing agreements with corporate taxpayers

Retail & Consumer

Bain Capital’s Edcon in talks for another SA credit provider

Edcon CEO Jürgen Schreiber
5 day(s) ago

Edcon is in talks to secure secondary credit provider after collapse of African Bank Investments this year, its CE says

National

Bingo and sports betting make inroads into casinos

Picture: THINKSTOCK
5 day(s) ago

Gross gambling revenues from bingo operations rise 67.5% last year

Energy

Department of energy delays frustrate power producers

Picture: THINKSTOCK
6 day(s) ago

Renewable energy independent power producers are concerned that the latest round of successful bids have still not achieved financial closure, creating uncertainty over planned investments in the sector

Business

Lower-cost SA eyes outsource centre markets

Picture: THINKSTOCK
6 day(s) ago

The market is small at the moment and good growth is predicted, says expert

Opinion

Seven techniques for handling stress right now

Picture: THE NEW YORK TIMES/TONY CENICOLA

What do you do when you’re overcome with stress at your desk or in a meeting?

Opinion

An outsider’s insights can save a business

Picture: THINKSTOCK

When businesses hit a rough patch for which they are not prepared the strain can leave management with few viable options

Energy

Power system constrained, says Eskom

Picture: THINKSTOCK
1 day(s) ago

Power system expected to be very tight over the evening peaks of the next few days but risk of load-shedding for Monday and Tuesday is medium to low, power utility warns

Industrials

Defy launches R120m fridge production line in East London

Defy employees work on the factory line in Wilsonia in this September 2011 file photo: Picture: SOWETAN
1 day(s) ago

Company has invested R500m in expanding factories in SA over last three years

Business

Liquidations decreased in October, data show

Picture: THINKSTOCK
1 day(s) ago

Unpaid debt decreases, with total number of liquidations down 11.9% year on year in October

Transport & Tourism

More local airports seek to host flights to Sadc

Picture: THINKSTOCK
2 day(s) ago

Grand Central Airport, Rand Airport, Wonderboom Airport and Richards Bay Airport all want the changes

Telecoms & Technology

Contract customers still ‘engine of mobile network profitability’

Picture: THINKSTOCK
2 day(s) ago

Average revenue per user has been on a steady decline

Energy

Industry ‘must cut 10% of power usage’

Majuba power station. Picture: ESKOM
2 day(s) ago

Eskom declares power emergency for industrial customers, requiring them to immediately reduce usage

Energy

Eskom admits another coal-storage silo at Majuba is cracked

Majuba power station. Picture: ESKOM
4 day(s) ago

Eskom admits another one of its coal-storage silos is cracked and has been taken out of use and barricaded for safety reasons

Energy

State chooses ‘nuclear friendly’ energy plan

Gugile Nkwinti. Picture: THE SOWETAN
5 day(s) ago

Since 2011 projections of electricity demand, pricing of fuel sources and the costs of installed power have changed significantly

Opinion

New exam for CAs aims to mend profession

Picture: THINKSTOCK

SA’s CAs are being called upon to demonstrate that they are not just knowledge experts but are also competent business leaders

Opinion

ON WORK: Taming the profanities but not the forex trading morality

Traders swear every bit as much as they always did

Retail & Consumer

Buying patterns of fresh produce suggest ‘local is still lekker’

Picture: FINANCIAL MAIL
6 day(s) ago

Most consumers make it clear they will not pay more for a local product just because it is produced in SA, says Pick n Pay executive

National

Cabinet approves plan to ensure departments adhere to local procurement policy

Justice and Constitutional Development Minister Jeff Radebe addresses the National Assembly on 'Guptagate' on Wednesday. Picture: TREVOR SAMSON
5 day(s) ago

Cabinet approves implementation of programme to ensure compliance by government departments with policy on procuring goods, services from local suppliers

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