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A taxi driver is seen during a Europe-wide protest of licensed taxi drivers against taxi hailing apps that are feared to flush unregulated private drivers into the market, in front of the Olympic stadium in Berlin, Germany. Picture: REUTERS

Yesterday’s keys to success will not be the same tomorrow

4 hour(s) ago

Taxi industry’s resistance to Uber and other ride-sharing services is a futile attempt to put the brakes on innovation, write Cyril Bouquet and Chloé Renault

Business Times

Two new players add spice to SA television

5 hour(s) ago

In the past fortnight, two new video-on-demand offerings have been launched, one using broadband connections and the other using satellite, writes Duncan McLeod

Business Times

'BEE stifles young blacks' prospects'

THE LONG VIEW: Neren Rau, head of the SA Chamber of Commerce and Industry, believes the government’s insistence on seeing instant BEE results has damaged transformation, and that broadening the skills base is the only viable way of achieving true empowerment in the long run. Picture: MOELETSI MABE
5 hour(s) ago

Handing out jobs scores quick points but training is the key

Energy

IDC has played ‘prominent role in renewable-energy sector’

Picture: THINKSTOCK
2 day(s) ago

CE Geoffrey Qhena says Industrial Development Corporation has provided early-stage development, loan, equity funding of green industry

Energy

SA’s electricity is still cheap, experts say

Picture: BUSINESS DAY
2 day(s) ago

Despite steep increases, country’s electricity tariffs remain well below most other countries and are among the lowest in Africa

Mining

Gold Fields aims to sell project to cut its debt

Gold Fields CEO Nick Holland. Picture: MARTIN RHODES
2 day(s) ago

Miner hopes to sell its Arctic Platinum Project by the end of the year as it looks to cut its debt by $300m over the next two years, says CEO Nick Holland

Energy

Nuclear economist warns SA will ‘run into problems’

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

Financing of nuclear projects is highly risky and is regarded as credit-negative by ratings agencies

Business

Uncertainty to greet tax on multinationals’ profits

Picture: THINKSTOCK
2 day(s) ago

Tax disputes between multinationals and tax authorities expected due to the Organisation of Economic Co-operation and Development and Group of 20 countries’ base erosion and profit shifting project’s international tax reform next year

Companies

Boards of five state-owned companies risk being declared delinquent

Picture: THINKSTOCK
2 day(s) ago

Letter of warning to boards of directors of five state-owned firms an indication of commission’s proactive approach to holding boards of companies to account for failures in corporate governance

Trade & Industry

Cape Town harbour to get R650m multi-purpose storage facility

Two men pass a long-liner docked at Cape Town harbour.  Picture: SUNDAY TIMES
3 day(s) ago

Expansion of facilities at terminal will include increased and more efficient truck loading, and an expansion of tanker-berthing facilities

Energy

Eskom not complying with order, says Westinghouse

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

Company says Eskom has failed to hand over documents related to the awarding of a R4bn tender to Areva NP Proprietary

Energy

S&P delays Eskom credit rating decision

Picture: THINKSTOCK
5 day(s) ago

Ratings agency says it waiting to get more detail on Treasury rescue package before making decision, which could leave Eskom in junk status

Picture: THINKSTOCK

Cheaper natural gas prices a pipe dream for Joburg households

Households are not benefiting from the new gas pricing framework, which was designed in part to cut prices for small users

Financial Services

Regulation shrinks retirement fund sector

Picture: THINKSTOCK
2 day(s) ago

Financial advisers split over proposed banning of commissions, writes Gillian Jones

Business

SA needs ‘better companies, not more funding’

Picture: SUNDAY TIMES
3 day(s) ago

Raizcorp CEO Allon Raiz tells EY Africa Tax Conference that money is available, but many small businesses have no compelling economic right to exist

Energy

NEWS ANALYSIS: A nuclear tale that sounds too good to be true

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

Despite the good ‘build now, pay later’ message, the probability is that it will be business and consumers that not only pay later, but pay much more, writes Carol Paton

Mining

Sibanye shares fall on news of possible job cuts at shaft Cooke 4

Neal Froneman. Picture: MARTIN RHODES
5 day(s) ago

Company has started consultation with labour and other stakeholders that could lead to a restructuring of the loss-making Cooke 4 shaft in Westonaria

Mining

De Beers looks hard at its future in Kimberley

Picture: THINKSTOCK
5 day(s) ago

De Beers may be coming to the end of its involvement in Kimberley after more than a century of mining diamonds there

Financial Services

Profitable DBSA plans to commit R1.9bn to equity investments

Development Bank of Southern Africa CEO Patrick Dlamini. Picture: PUXLEY MAKGATHO
5 day(s) ago

Investments will focus on infrastructure and form part of company’s plan to diversify income and generate returns from activities beyond lending

Standard Bank

Strategic planning crucial for commercial businesses

Head of Commercial Banking at Standard Bank Craig Polkinghorne. Picture: STANDARD BANK
19 day(s) ago

Good management and business practices remain the key disciplines for South African businesses during tough economic conditions

Featured partner

Opinion

Alternatives to investment

Here are a few things you might want to do while whittling away the time

The 232-carat white diamond, worth as much as $20m, discovered by Petra Diamonds at its Cullinan mine, east of Pretoria. PICTURE: PETRA DIAMONDS

Petra sells rare blue diamond for $27.6m

Revenue from diamond auctions could accelerate dividend payments and fund Petra’s capital expenditure

Retail & Consumer

Clover down on ‘constrained environment’

Clover CE Johann Vorster. Picture: ARNOLD PRONTO
4 day(s) ago

The full recovery of higher input costs, like a roughly R50m increase in the costs of raw milk, could not immediately be passed on to consumers

Telecoms & Technology

MTN boosts its loan facilities, driving talk of an acquisition

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

MTN increases borrowing ability dramatically, fuelling analysts’ speculation that an acquisition may be on the cards

Industrials

PPC exports to Africa offset slow sales in SA

Picture: THINKSTOCK
5 day(s) ago

Cement maker PPC says exports into rest of Africa ‘buoyant’

Land & Agriculture

Zeder finally wins over feisty AV shareholders

Zeder Investments CEO Norman Celliers
5 day(s) ago

Zeder’s proposal to buy out AV minority shareholders in a R2.3bn scrip swap transaction 86% supported by AV shareholders

Mining

Union may strike if Sibanye cuts jobs

Neal Froneman. Picture: MARTIN RHODES
6 day(s) ago

Sibanye Gold could face strike action if restructure process being evaluated by the mining house involves job cuts, says National Union of Mineworkers

Mining

Finding new deposits of diamonds ‘crucial’

SHINE: Diamond buyer Elliot Tannenbaum, from the Leo Schachter Diamond Group, looks at uncut diamonds at De Beers’ offices in London in August this year. Picture: REUTERS
6 day(s) ago

Synthetic diamonds ‘can threaten the market’ if supply of natural diamonds cannot keep up with demand

Energy

Eskom not taking part in nuclear acquisition

Eskom's Medupi station. Picture: ARNOLD PRONTO
6 day(s) ago

Formerly designated ‘owner and operator’ of SA’s nuclear programme, utility will not be involved in the up coming nuclear procurement

Retail & Consumer

Heineken family said to have rejected SABMiller takeover bid

Picture: SUNDAY TIMES
6 day(s) ago

SABMiller said to have made offer to help defend itself against a potential bid by world’s largest brewing company AB InBev

Industrials

Rob Davies credits intervention for factories’ health

Trade and Industry Minister Rob Davies. Picture: MARTIN RHODES
6 day(s) ago

Trade and industry minister ascribes positive gains the manufacturing industry has made to government intervention

Energy

First power for Medupi on track

Eskom's Medupi station. Picture: ARNOLD PRONTO
6 day(s) ago

Eskom begins 100-day countdown when synchronisation of first of Medupi power station’s six units with national grid is scheduled to take place

Land & Agriculture

Tongaat share spikes despite falling prices

Picture: THINKSTOCK
6 day(s) ago

Tongaat’s share price has jumped 51.5% since late March to R164.50, while Illovo Sugar’s stock has gained 5.4% over the same period to R27.75

Property

Residential property market picking up

Picture: THINKSTOCK
6 day(s) ago

Real estate agencies believe the market has moved back to pre-recession levels

Business Times

Cops delay Telkom CEO's day in court

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO
7 day(s) ago

Delays in police inquiry stall court bid by the man who accused Telkom CEO Sipho Maseko of driving with cloned number plates

Business Times

Return to sender as Post Office staff strike

A van smoulders after burning out at the Saxonwold depot in Rosebank, Johannesburg, after it was set alight by striking workers.  Picture: MICHAEL ETTERSHANK.
7 day(s) ago

South African Post Office has been plagued by five long strikes over the past three years, with the biggest strike costing the organisation more than R100-million

Opinion

High court vindicates watchdog’s inquiry into private health sector

Netcare. Picture: FINANCIAL MAIL

Judgment in Netcare vs KPMG makes it clear market inquiry is a truth-seeking exercise, carried out by the commission in line with its constitutional mandate

Opinion

Decisions best reached with instinct and analysis

Picture: THINKSTOCK

Expertise can always be enhanced by the power of data analysis and the implementation of scientific techniques

Media & Advertising

Moneyweb to move house to save costs

Moneyweb chairman Paul Jenkins. Picture: FINANCIAL MAIL
6 day(s) ago

Moneyweb currently operates from the mixed-use Melrose Arch precinct in Johannesburg — which is considered one of SA’s prime real estate developments

Business

Bookmakers want gaming companies to lose licences

Picture: REUTERS
6 day(s) ago

Associations issue notices to all SA’s provincial gambling boards requesting them to withdraw sports betting licences issued to the three main players

Land & Agriculture

Capespan buys stake in clearing specialist

Capespan MD Johan Dique. Picture: FINANCIAL MAIL
6 day(s) ago

Capespan MD Johan Dique says acquisition of Aspen will unlock significant synergies in its fruit logistics operations

Energy

Ipsa plans to take advantage of Eskom’s falling reserve margin

Picture: THINKSTOCK.
6 day(s) ago

JSE’s only listed independent power producer has addressed legacy issues and is gearing up to seize opportunities offered by Eskom’s shrinking reserve margin

Energy

Treasury backs power price hikes

Picture: THINKSTOCK
6 day(s) ago

Package of measures including tariff increases and equity injection approved for Eskom, which needs an extra R225bn over next three years

Opinion

Black business must show it can produce a Sanlam

Africans need to demonstrate that they can start, build and sustain solid businesses

Opinion

Somalis caught between devil and spaza shop

People who are entrepreneurial enough to risk death and set up business among people who loathe them cross our borders daily

Business Times

Accounts of Pikoli row don’t add up

Nonkululeko Gobodo. Picture: FINANCIAL MAIL
7 day(s) ago

Nonkululeko Gobodo says her firm does not bow to ANC influence — despite the state contracts

Energy

Eskom to raise more debt, get state equity injection

Picture: THINKSTOCK
6 day(s) ago

Treasury approves support package for SA power utility, which is scrambling to keep the lights on and maintain its own liquidity

Business Times

Watch rivals scorn new Apple timepiece

The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, California, on Tuesday.  Picture: REUTERS
7 day(s) ago

Long-awaited smartwatch looks 'too feminine', design will not stand the test of time, says luxury giant LVMH’s watch guru

Economy

Manufacturing and mining output plunges

Picture: THINKSTOCK
9 day(s) ago

Sectors account for 20% of GDP, and performance supports case for weak economic growth and unchanged interest rates

Business

Competition appeal initiative snubbed

Yasmin Carrim. Picture: MARTIN RHODES
9 day(s) ago

Tribunal with a broader economic ambit proposed, writes Amanda Visser

Trade & Industry

Reprieve in store for SA fruit farmers

Picture: THINKSTOCK
9 day(s) ago

Hard-pressed citrus farmers may soon receive revenue fillip if US alters regulations to allow more SA exports of oranges and grapefruit

African Business

Belarus to set up joint ventures, assembly plants in SA

Picture: THINKSTOCK
9 day(s) ago

Possible partnership between Black Business Council, Minsk Automobile and Kaya Automobiles for the manufacturing of buses on the cards

Land & Agriculture

Land Bank seeks World Bank loan for emerging farmers

Picture: THINKSTOCK
11 day(s) ago

If granted, the loan would allow the bank to expand its activities in financing emerging farmers

Energy

SA key to success of Congo’s Inga 3 project

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

Project, which is part of ambitious plan to harness power of Congo River, will be important catalyst for industrial development in Africa

Trade & Industry

SA hopes to resume Iran oil imports in three months, says Mfeketo

Picture: THINKSTOCK
12 day(s) ago

South Africa halted crude purchases from Iran in June 2012 because of Western sanctions imposed against that country’s nuclear programme

Economy

Mechanisation ‘equals profit, thus jobs’

Picture: THINKSTOCK
12 day(s) ago

Productivity SA CEO Bongani Coka says SA should embrace technology and mechanisation instead of dreading it

 
All Share 51547.020.00% same
Top 40 46226.200.00% same
Financial 15 15023.670.00% same
Industrial 25 61020.090.00% same
Resource 10 55151.200.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6837.920.00% same
Dow Jones 17279.740.00% same
All Share 51547.020.00% same
ASX 5437.300.00% same
S&P 500 2010.4000.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 11.07950.18% up
GBP/ZAR 18.05580.36% up
EUR/ZAR 14.19551.65% up
JPY/ZAR 0.10170.12% up
AUD/ZAR 9.90610.12% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1216.40000.04% up
Platinum 1339.00000.30% up
Silver 17.84500.14% up
Palladium 813.00000.62% up
Brent Crude Oil 98.3900.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51547.02
    Change: 0.00%
    Top 40 : 46226.20
    Change: 0.00%
    Financial 15 : 15023.67
    Change: 0.00%
    Industrial 25 : 61020.09
    Change: 0.00%
    Resource 10 : 55151.20
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6837.92
    Change: 0.00%
    Dow Jones : 17279.74
    Change: 0.00%
    Hang Seng : 24306.16
    Change: 0.00%
    ASX : 5437.30
    Change: 0.00%
    S&P 500 : 2010.400
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.0795
    Change: 0.18%
    ZAR/GBP : 18.0558
    Change: 0.36%
    ZAR/EUR : 14.1955
    Change: 1.65%
    ZAR/JPY : 0.1017
    Change: 0.12%
    ZAR/AUD : 9.9061
    Change: 0.12%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1216.4000
    Change: 0.04%
    Platinum : 1339.0000
    Change: 0.30%
    Silver : 17.8450
    Change: 0.14%
    Palladium : 813.0000
    Change: 0.62%
    Brent Crude Oil : 98.390
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
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