• Tuesday, October 21 2014
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Picture: SOWETAN

Sasol Inzalo aims to bypass Post Office

10 hour(s) ago

Though Sasol would have used text and e-mailed messages and the Stock Exchange News Service anyway, the court action is to bypass using postal services to send out printed documents

Economy

Taxing wealthy ‘won’t solve SA’s budget deficit’

Picture: THINKSTOCK
10 hour(s) ago

SA is spending more than it is collecting in revenue, which has caused a large budget deficit and led to speculation that taxes will be raised in future

National

Sars closes in on trusts’ exploitation of system

Picture: THINKSTOCK
10 hour(s) ago

Details of parties benefiting from trusts required and greater disclosure, writes Amanda Visser

Business

First SMME colloquium will focus on ‘favourable tax regime’ for small business

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

Favourable tax regime for small business will be focus of first-ever gathering to develop master plan for newly created Department of Small Business Development

Energy

Nuclear vendor workshops will allow potential suppliers to strut their stuff

Picture: THINKSTOCK
1 day(s) ago

Countries wanting to sell nuclear technology to SA will be able to parade wares in pre-procurement workshop to be hosted by Department of Energy

Telecoms & Technology

Icasa councillors mull legal battle on dismissals

Faith Muthambi. Picture: GCIS
1 day(s) ago

Communications Minister Faith Muthambi may have to back down on a decision to have councillors removed from office or ‘face a court challenge’

Business Times

‘Build your business from the ground up’

INDEPENDENT THINKER: Jannie Mouton believes in going against the trend when it comes to investment. Picture: HETTY ZANTMAN
2 day(s) ago

Jannie Mouton scoffs at ‘myth’ that black entrepreneurs are held back by banks that won’t finance projects

Transport & Tourism

Sanral does a U-turn on Gauteng e-toll panel

Picture: SOWETAN
1 day(s) ago

The about-turn may flag a subtle acknowledgement that the government is gradually losing the public relations battle against a resurgent anti-toll campaign

OR Tambo International Airport in Johannesburg. Picture: ACSA
A five-year implementation plan for the aerotropolis is scheduled to be released for public comment within six weeks   Read More

Business

Concern over revised empowerment codes

Picture: THINKSTOCK
21 hour(s) ago

Critics argue that period allocated for public comments is insufficient

Opinion & Analysis

How loan sharks abuse debt laws

WARNING: The World Bank encourages governments to reduce regulations that make financial services too expensive for some. Picture: SUNDAY TIMES
2 day(s) ago

The most vulnerable in our society are supporting the funders of thriving credit-granting and debt collection industries, writes Ann Crotty

National

Gambling board suspended over ‘breach of finance rules’

Trade and Industry Minister Rob Davies. Picture: TREVOR SAMSON
1 day(s) ago

These include failing to prevent irregular, fruitless and wasteful expenditure and the use of a bank overdraft without the approval of the finance minister

Standard Bank

Make the most of your agricultural production loan by planning ahead

Nico Groenewald. Picture: SUPPLIED BY STANDARD BANK
28 day(s) ago

It is easier for a bank to lend you money if you understand both your costs and your profitability

FEATURED PARTNER

Opinion

Infrastructure not SA’s main hurdle

If only the path to economic prosperity was as clearly marked as Christine Lagarde would have us believe

SCIENCE OR FICTION: Traders work on the floor of the New York Stock Exchange in New York, Picture: GETTY IMAGES/AFP

Americans hot for SA sink $37bn into stocks

By the end of September, the total value of South African companies with ADRs in the US stood at $37.8-billion — a 6.1% rise on the previous year

Business Times

Leaked audit report points to Post Office chaos

Post Office employees on a strike at the Witpost Mail Centre in Ormonde, Johannesburg.  Picture: BAFANA MAHLANGU
2 day(s) ago

Old problems at South African Post Office not addressed as fraud spikes

Business Times

How slain tycoon Wiggill took SA’s banks for a R1bn ride

OPULENT MANSION: The late Jeff Wiggill's imposing home in Woolston Drive in Westcliff, Johannesburg. Picture: SIMON MATHEBULA/SUNDAY TIMES
2 day(s) ago

How former First Strut chairman Jeff Wiggill masterminded fraud of almost R4-billion from Investec, Standard Bank, the Industrial Development Corporation and other institutions

Financial Services

Unions hail delay in pension tax reform

Nhlanhla Nene. Picture: MARTIN RHODES
5 day(s) ago

Employers may be rattled as they have been preparing over the past year for the changes

Property

Pivotal Property Fund to bring R9.2bn portfolio to market

Phase 1 of Pivotal Property Fund's Alice Lane development in Sandton.  Picture: PIVOTAL PROPERTY FUND
5 day(s) ago

Management hopes to raise R1bn in a pre-listing private placement and proceeds will be partly used to finance R1.5bn acquisition of Alice Lane development

Mining

Lonmin denies AIDC accusation of ‘wage minimisation’

Dick Forslund. Picture: TREVOR SAMSON
4 day(s) ago

Aim of the report ‘was to ascertain whether Lonmin could have afforded the rock drillers’ demand for an increase to R12,500 from their monthly salaries of just more than R7,700’

Energy

Energy fund’s irregular spending soars

Picture: THINKSTOCK
6 day(s) ago

The auditor-general recommends the Central Energy Fund’s board comply with relevant legislation, and establish an independent review system of the treasury function

National

Committee ‘fails to get explanation’ for suspension of National Gambling Board

Trade and Industry Minister Rob Davies. Picture: TREVOR SAMSON
7 day(s) ago

Trade and industry committee fails to get any explanation for temporary suspension six weeks ago of board members of National Gambling Board

Retail & Consumer

Growth in retail sales slows slightly in August

Picture: THINKSTOCK
6 day(s) ago

Moderation in growth in line with slower spending growth by households as rising interest rates, high inflation take their toll on disposable incomes

Energy

SA signs nuclear co-operation agreement with France

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

Energy committee complains of being ‘left in the dark’ over preparatory deals

Trade & Industry

Car makers must avoid Antipodean oblivion

Made-in-SA  Renault Sandero Stepway. Picture: RENAULT SOUTH AFRICA
6 day(s) ago

For every direct automotive job lost in Australia, many more would be shed in service industries, and thousands of small businesses would face collapse

Energy

SA signs nuclear co-operation agreement with France

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

Energy committee complains of being ‘left in the dark’ over preparatory deals

Business

SA adds 5,000 more dollar millionaires

Picture: THINKSTOCK
6 day(s) ago

At the same time, SA falls into the ‘very high inequality’ category, with the wealthiest 10% of the population owning more than two-thirds of the country’s assets — report

Business

SARS’s reputation needs urgent repair, say business bodies

Picture: GALLO IMAGES/FOTO24/CORNEL VAN HEERDEN
7 day(s) ago

South African Revenue Service should be above reproach, Sacci and tax institute say, in wake of reports about rogue unit

Healthcare

Smaller hospitals granted exemption

Picture: THINKSTOCK
6 day(s) ago

It enables the National Hospital Network to negotiate competitive tariffs from medical schemes

Mining

Labour strife, safety concerns spur platinum mining mechanisation

Giant dump trucks dump raw tar sands for processing at the Suncor tar sands mining operations near Fort McMurray in Alberta, Canada. Picture: REUTERS
7 day(s) ago

Three years of labour upheaval and political push to make shafts safer and transform low-wage workforce have set in motion drive to replace rock drillers with machines

Industrials

Car parts suppliers probed for collusion

Picture: SUNDAY TIMES
7 day(s) ago

More than 80 automotive component manufacturers under investigation for allegedly colluding to fix prices and dividing the market for the past 14 years

Opinion

ON THE MONEY: SA doesn’t need state-owned bank

Let the ANC instead focus its energy on creating a strong business environment that will foster black entrepreneurs

Opinion

ON WORK: Why be passionate when you can be conscientious?

This report adds to the pile of studies that tell us that the world belongs to the conscientious

Telecoms & Technology

Cellular companies retrenching hundreds

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

MTN, Telkom and Cell C are cutting hundreds of jobs to cut costs

Business Times

Lonmin’s failed gag bid puts spotlight on transfer pricing

Bridgette Radebe.  Picture: SOWETAN
2 day(s) ago

Bid by platinum giant to stop release of a report which puts the spotlight on transfer pricing by mining groups appears to have backfired

Business Times

Africa rides the rails once more

Picture: THINKSTOCK
2 day(s) ago

Private-sector funds and rolling-stock charters keep wheels turning on heavy-haul rail renaissance

Transport & Tourism

FlySafair will bring needed competition

Picture: THINKSTOCK
4 day(s) ago

Carrier is flying four return flights daily between Johannesburg and Cape Town at a highly competitive single fare

Land & Agriculture

SA to take black spot row with EU to WTO

Picture: THINKSTOCK
4 day(s) ago

SA to challenge the EU’s continued threat to ban SA’s citrus fruit exports

Telecoms & Technology

Paper cups and meetings on camera at Sita

NEW BROOM: CEO Freeman Nomvalo  has been given a year to clean up the State Information Technology Agency.  Picture: SUNDAY TIMES
5 day(s) ago

In a drive to cut costs and clean up, CEO is trying what 16 predecessors have failed to do, writes Setumo Stone

Healthcare

Call for equitable healthcare access

Aaron Motsoaledi. Picture: GCIS
5 day(s) ago

The main problem bedevilling the country’s health system is the funding structure that favours the rich over the poor

Energy

Fillip in search for offshore oil and gas

LOOMING LARGE:  The oil rig Pride South Seas in Cape Town harbour. SA is ideally situated to provided auxiliary services in the oil and gas industry off Africa’s east and west coasts.  Picture: SUNDAY TIMES
5 day(s) ago

If successful, the project will help SA produce about 370,000 barrels of oil and gas a day in 20 years

National

Gauteng ANC takes campaign against e-tolls to top-level talks

Paul Mashatile,left, and David Makhura.  Picture: PUXLEY MAKGATHO
6 day(s) ago

The province and national government are on a collision course over the implementation of the tolls

Economy

Davies says economy urgently needs ‘structural change’

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

Minister briefs London investors on new incentives for business process services

Opinion

Longer lives have unforeseen effects on the economy

Picture: THINKSTOCK

The most important factor today is life expectancy increasing after conventional ages of retirement

Opinion

Advertising can change world with real intent

LOW SALES: An attendee pauses to checks his mobile device in front of an advert for Sony’s Xperia Z smartphone in this file picture. Picture: BLOOMBERG

With the power to connect communities and create conversation, advertising can change the world

Media & Advertising

Big stories boost newspaper circulation, says PwC

Picture: THINKSTOCK
7 day(s) ago

PwC media outlook report finds that high-profile stories, including Oscar Pistorius trial, death of Nelson Mandela, resulted in spike in newspaper circulation

Financial Services

Insurer hails probe of car parts industry

Picture: SUNDAY TIMES
7 day(s) ago

The biggest problem for the industry is uninsured motorists, with about 60% of the 12-million vehicles on the road in SA not insured, says Alexander Forbes Insurance MD Gari Dombo

Property

Listed property returns likely to beat forecasts

Picture: THINKSTOCK
7 day(s) ago

Property analysts expect the SA listed property index to deliver a total return of no more than 8%-10% for 2014

National

Cape Town seeks anchor tenant for stadium

The Cape Town Stadium. Picture: SUNDAY TIMES
8 day(s) ago

The stadium has been seen by some as a white elephant that is becoming a burden for ratepayers

Mining

Surveys show mining firms leading in social investment

GETTING BY: A family living near the Marikana mine in the Rustenburg area collects firewood as winter sets in. Picture: AFP PHOTO
8 day(s) ago

Survey suggests sector is doing a much better job of living up to societal expectations since the Marikana tragedy in 2012

Trade & Industry

Seifsa paints a gloomy picture of the economy

Picture: THINKSTOCK
8 day(s) ago

Most companies in the metals and engineering sector are ‘still reeling’ from the effects of the month-long strike in July — Seifsa president Ufikile Khumalo

Financial Services

Accountant training has ‘wrong focus’

Picture: THINKSTOCK
8 day(s) ago

Educational resources in SA skewed towards creating chartered accountants instead of general business consultants

Business

BEE codes for small companies chided

Picture: THINKSTOCK
8 day(s) ago

BEE verification agency Veri-Com says the new regulations are bound to mostly affect white-controlled companies

 
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