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In modern capitalist countries, amassed economic power defines the royalty of the day, says the writer.  Picture: THINKSTOCK

Digital finance ‘vital for Africa’

The widespread use of digital finance could boost annual GDP of all emerging economies by 6% — or $3.7-trillion — by 2020, research shows

Telecoms & Technology

Yes, data does cost more in SA than most other countries

Picture: THINKSTOCK

In the race to provide citizens with the cheapest data deals SA is trailing far behind most of its Brics partners, local prices are on average 134% higher than in Russia

Companies

Coal optimist Quinton van der Burgh on why he bought into Richards Bay terminal

Coal mining and events businessman Quinton van der Burgh surrounded by the typical bevy of beauties that has earned him flak over his perceived chauvinistic playboy role in promoting his events company. Picture: YOUTUBE

His Burgh Group joined with Vitol to buy the stake from the Guptas’ Tegeta Exploration and Resources

Financial Services

Survey shows digital banking up

Picture: THINKSTOCK

SA consumers are displaying more digital savvy than their global counterparts, survey shows

Energy

Jeff Radebe tells of plan B on nuclear build programme proposals call

Jeff Radebe.  Picture: TREVOR SAMSON

Despite Energy Minister Tina Joemat-Petterssen’s pledge to Parliament, government will not be issuing a request for nuclear-build proposals, says cabinet colleague Jeff Radebe

Land & Agriculture

Radebe tells of plan for state and business to join hands to boost agriculture

Jeff Radebe. Picture: GCIS/SIYA DUDA

A partnership of government and business is being formed to create a fund to develop agriculture

Financial Services

Mantashe backs signing FIC amendment

Gwede Manthashe. Picture: PUXLEY MAKGATHO

The issues have also sparked debate within the business community

Telecoms & Technology

Icasa overshot limits, says Cwele’s counsel

SLIGHTED:  Minister Siyabonga Cwele’s attempts to engage Icasa were rebuffed, according to his counsel. Picture: SUNDAY TIMES

Despite objections by Cwele, Icasa is pressing ahead with the auction, setting a date for May 2017

Opinion

What we can learn from Edcon fortunes

Edcon debt-holders and private equity fund Bain have had to suffer for their mistakes, writes Brian Kantor

OBITUARY: Irish embodied stockbroking royalty

An exceptional man and a master at social intelligence, Martin Irish's faith in Johannesburg was infectious, writes Simon Lincoln Reader

Land & Agriculture

Grain crop estimates rise steadily

Several sub-Saharan countries have comparative advantages in agriculture in terms of land availability, soil fertility, good climatic conditions and water availability. Picture: THINKSTOCK

The agriculture department’s crop estimates committee has made a slight upward adjustment to SA’s maize and wheat harvest forecast for 2016

Transport & Tourism

Transport union wants Prasa under administration

Prasa's test train at the Medunsa station outside Pretoria. A public protector report has revealed wide-scale irregular tenders. Picture: THE TIMES

Beleaguered rail service’s R796m account debts will have a domino effect on Transnet, says Untu

Financial Services

Role of stokvels in economy highlighted at indaba

Stokvels and burial societies are valued at about R44bn. Picture: PETER MOGAKI

Informal savings — in the form of stokvels and burial societies — outpace other forms of savings for the first time in three years

Business

Jacob Zuma calls for stronger ties between business and government

President Jacob Zuma with ANC Treasurer General Dr Zweli Mkhize and outgoing President of BBC Ndaba Ntsele sharing a light moment at the Black Business Council (BBC) Baobab Awards Gala Dinner in Sandton on Tuesday, Picture: ELMOND JIYANE/GCIS

The president addresses infighting between black business leaders, saying it is disappointing that ‘among ourselves we see enemies’

Energy

Nuclear proposal delay expected

UNCERTAINTY:  Science and Technology Minister Naledi Pandor said on Tuesday she was ‘almost certain’ the request for proposals for nuclear procurement would not be publish on Friday. Picture: PUXLEY MAKGATHO.

Naledi Pandor ‘almost certain’ the request for proposals in SA’s planned nuclear procurement will miss this week’s self-imposed deadline

Opinion

Why a good mantra can work so well

A good agency philosophy is deeply embedded, like personality and character

SKILL: Pam Golding Properties CEO Andrew Golding says  real estate journeys often start on the web, but contact is then made with an agency. Picture: SUPPLIED

Estate agents still essential in digital age

Estate gents are increasingly using digital tools to compete in an industry where information is easily obtainable

Trade & Industry

Black industrialists: numbers target on track, official says

Stephen Hanival. Picture: BUSINESS DAY

The aim of the black industrialists programme is to set up 100 black industrialists over the medium term: 30 this year, 30 next year and 40 in the third year

Business

Black business wants the Reserve Bank to tackle jobs

TOOLKIT:  Sandile Zungu, deputy president of the Black Business Council, says the body’s mandate is about transforming the economy to allow more black people to take part in it. Picture: SUNDAY TIMES

Black Business Council’s Sandile Zungu calls on the central bank to adopt trends in developing states in promoting growth

Telecoms & Technology

Cwele’s court bid fails to halt Icasa

Telecommunications and Postal Services Minister Siyabonga Cwele. Picture:FINANCIAL MAIL

Government is concerned the broadband licence auction will consolidate the dominant position of big telecoms players

Industrials

BAT fights claims of spying and bribery

Picture: THINKSTOCK

British American Tobacco commissions a law firm to ‘thoroughly’ probe allegations of spying on competitors and bribing tax and law enforcement officials

Science & Environment

New technique extracts value from industrial ponds

UCT engineering and built environment dean Alison Lewis has developed a technique for extracting water and salts from brine ponds. Picture: SUPPLIED

A UCT academic brings the holy grail of industrial waste management to industry: converting toxic ponds into potable water and salts, writes Tamar Kahn

Industrials

Last company settles in scrap metal competition probe

Picture: THE TIMES

The tribunal has confirmed the commission’s settlement with Ben Jacobs Iron and Steel over price-fixing and market division

Healthcare

Investment needed for more extensive health workforce, says Zuma

Picture: iSTOCK

Investment in training and deployment of health workers will yield substantial dividends in terms of job creation and economic growth, President Jacob Zuma says

Opinion

No more accounting as usual

Baruch Lev and Feng Gu argue for a radical overhaul in financial analysis

Trade & Industry

New loan window for competitive factories not enough

Picture: FINANCIAL MAIL

The Manufacturing Circle says more needs to be done to balance job creation, competitiveness and transformation in the sector

Business

Busa supports extension of employment tax incentive but not R20m cap

Anglo American executive director Khanyisile Kweyama warned in a submission at public hearings in Parliament on mining law changes that the industry was in ‘a state of emergency’. Picture: TREVOR SAMSON

The organisation says that limiting the benefit in this way will undermine the scheme's effectiveness in promoting youth employment

Financial Services

Development bank upbeat about funding

PROJECTS:  Patrick Dlamini is confident Moody’s and Futuregrowth’s decisions will not affect the bank’s investment plans. Picture: FINANCIAL MAIL

Rumbles from Futuregrowth and Moody’s have not dampened investor sentiment, says DBSA’s Patrick Dlamini

Economy

Rise in company liquidations in August on a year-on-year basis

Picture: THINKSTOCK

Liquidations data are an important indicator of the scope of unpaid debt in SA so the slight increase suggests that companies are still financially under pressure

Business

Business leaders want action on promises

Sipho Pityana. Picture: ROBERT TSHABALALA

Business Leadership SA joins a growing chorus of business leaders who are speaking out against South Africa's leadership

Financial Services

Banks will look at accounts of the politically exposed, says Laurie Dippenaar

Laurie Dippenaar. Picture: FINANCIAL MAIL

Financial institutions can audit politically exposed persons or delve into their domestic activities without any act, the FirstRand chairperson says

Property

Mall opening gives impetus to Tshwane’s green node

Picture: THINKSTOCK

Central Square hopes to draw increased foot traffic to the ambitious Menlyn Maine precinct of Pretoria’s city centre

Transport & Tourism

SA tourism officials learning Russian and Mandarin

A woman shops at a supermarket in Hangzhou, China. Picture: REUTERS/CHINA DAILY

Department of of Tourism officially launches programme to train its first group of front line staff in Russian and Mandarin

Telecoms & Technology

Prasa and Vodacom telecommunication agreement ready to roll

A Vodacom outlet in Johannesburg. Picture:  REUTERS/SIPHIWE SIBEKO

Millions of passengers on Prasa’s Metrorail urban commuter service will be able to receive free WiFi access as a result of their partnership with Vodacom

Opinion

ON THE MONEY: Culture shift puts companies in ICU

The ambition will be to improve Edcon’s operating performance and get it back onto the JSE to facilitate an exit, writes Stuart Theobald

Standard Bank

JSE Sens

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