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Tshepo Kgadima. Picture: THULANI MBELE

PetroSA boss fired

18 hour(s) ago

Controversy forces hand of Central Energy Fund on Kgadima, accused of swindling more than 250 investors who put money into his company LontohCoal for projects that did not exist

Energy

Brown calls for patience over Eskom problems

Lynne Brown.  Picture: SUNDAY TIMES
17 hour(s) ago

Democratic Alliance MP Natasha Michael says the country is in the middle of a real energy crisis that is happening on minister’s watch

Mining

Shanduka and Pembani merger to go ahead

Cyril Ramaphosa. Picture: SOWETAN
18 hour(s) ago

Two people close to the deal say they believe Shanduka’s management had been unhappy with the sale to Pembani and wanted Cyril Ramaphosa’s share

Politics

Zuma, ministers and business to visit China

President Zuma addresses the Brazil, Russia, India, China and South Africa (Brics) business council at the first meeting of the Brics business council in Sandton, Johannesburg, on Tuesday.  Picture: GCIS
17 hour(s) ago

Nkoana-Mashabane says aim of visit was to review and strengthen SA’s bilateral relations with China, focusing ’on the priority issues of development in SA and Africa’

Mining

Steel giant loses court battle over documents

ArcelorMittal SA's Vanderbijlpark plant. Picture: FINANCIAL MAIL
1 day(s) ago

In judgment with wider significance for industrial companies, the Supreme Court of Appeal orders steel producer ArcelorMittal SA to hand over environmental information to lobby group

National

Shanduka sale does not go quite to plan

Cyril Ramaphosa. Picture: TREVOR SAMSON
1 day(s) ago

Deputy President Cyril Ramaphosa in bumpy exit from business

Retail & Consumer

Clover fights conditions for merger

Picture: THINKSTOCK
1 day(s) ago

Condition that the parties refrain from any merger-related retrenchments for three to five years ‘enormously onerous’

Financial Services

UK expert urges SA to encourage new banks

Picture: SUNDAY TIMES
1 day(s) ago

London-based Lafferty Group chairman Michael Lafferty says adding more retail banks could help drive competition and help extend services to places where the major banks do not have a solid presence

Diezani Alison-Madueke. Picture: REUTERS/RICK WILKING

Low oil price harms investment in Africa

The highest-profile victim so far has been Africa’s top producer, Nigeria, which was forced to devalue its currency 8% this week

Energy

Cape grows as green energy hub

Picture: THINKSTOCK
15 hour(s) ago

Western Cape’s ambitious drive to position itself as SA’s renewable energy hub is beginning to bear fruit as multibillion-rand investment projects take off

Business

Three things people need to be happy at work

Picture: THINKSTOCK
1 day(s) ago

To feel engaged, employees want to be able to see how they fit into future, have sense of purpose, enjoy good relationships with managers, colleagues

Seifsa

Business nails it with Seifsa-PIPs

Picture: SEIFSA
21 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

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

Retail & Consumer

Consumers warned on festive overspending

Picture: THINKSTOCK
1 day(s) ago

Thursday’s meeting of the Organisation of the Petroleum Exporting Countries will be crucial for price movements over the short term

Financial Services

Retail review less likely to affect local financial advisers

2 day(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
2 day(s) ago

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

Energy

Brace for power emergency, Eskom warns businesses

Picture: THINKSTOCK
5 day(s) ago

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
3 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
5 day(s) ago

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

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
4 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
4 day(s) ago

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

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

Strategic Fuel Fund Association eyes stake in harbour oil storage facility

Oil. Picture: REUTERS
2 day(s) ago

Government’s fuel storage and trading entity eyes equity stake in Cape Town harbour oil storage facility that will be built should Nersa approve operation of terminal

Energy

Eskom asks staff to quit to contain soaring costs

Picture: THINKSTOCK
3 day(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
2 day(s) ago

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

Industrials

Tough times ‘rattle construction firms’

Picture: BLOOMBERG
2 day(s) ago

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

Multimedia

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

3 day(s) ago

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

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
2 day(s) ago

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

Energy

Joemat-Pettersson faces probe calls over PetroSA

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

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

Retail & Consumer

Shoppers trust big brands in hard times

3 day(s) ago

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

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

Business

Tax man mulls new transfer pricing law

Picture: THINKSTOCK
8 day(s) ago

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

Energy

Eskom announces fresh round of scheduled blackouts

Picture: THINKSTOCK
7 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

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