• Thursday, July 31 2014
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Top Companies 2014
Picture: THINKSTOCK

Electricity tariffs set to rise next year after Nersa grants Eskom R7.8bn clawback

3 hour(s) ago

Electricity tariffs are set to rise by amount yet to be determined after National Energy Regulator of SA grants Eskom a partial recovery of costs

Land & Agriculture

Most land claimants ‘want to settle for money’

Picture: THE TIMES
13 hour(s) ago

The Department of Rural Development and Land Reform has received 5,495 new claims

Mining

Lonmin unveils R646m deal with Bapo ba Mogale community

Lonmin CEO Ben Magara. Picture: MASIMBA SASA
21 hour(s) ago

Platinum producer also announces R100m cash payment to community as company strives to meet its black economic empowerment targets by end of this year

Health

Medical Research Council on drive to find private funders

13 hour(s) ago

Medical Research Council appealing to big business and ‘angel philanthropists’ for more money so it can do bigger and better science, it tells Parliament

Health

Plans to regulate where doctors work put on ice

Picture: THINKSTOCK
1 day(s) ago

Sama wants enabling act overhauled, saying it is unclear, unconstitutional and threatens doctors’ livelihoods

Transport & Tourism

Sanral tries to keep Cape toll details secret

Picture: THINKSTOCK
2 day(s) ago

SA National Roads Agency will ask court to grant secrecy application, which will allow it keep details of proposed tolling of N1 and N2 highways confidential

Energy

Office park will sell solar power to City of Cape Town

Picture: THINKSTOCK
2 day(s) ago

Small, renewable energy projects in South Africa are starting to supplement the limited coal-fired power available from Eskom and the municipalities

Economy

Rise in liquidations shows businesses struggling to repay debt

Picture: THINKSTOCK
2 day(s) ago

Statistics SA data show number of liquidations rose by 3.1% to 199 in June 2014 compared with same period in 2013

Thuthukile Zuma speaks during the Jacob Zuma centenial lecture at Nelson Mandela Banquet Hall in Potchefstroom in this 2012 file picture. Picture: SOWETAN/SUNDAY WORLD/VATHISWA RUSELO

Zuma’s daughter appointment sends wrong signal

The rise of President Jacob Zuma’s daughter is a disincentive, writes Roderick Lim Banda

Retail & Consumer

SA craft lager earns gold at Berlin festival

Picture: STELLENBRAU
1 day(s) ago

SA’s burgeoning craft beer industry has been thrust onto the global map with a Stellenbosch-based brewer winning the best lager prize

Retail & Consumer

Pressure on consumers is unrelenting, two separate surveys show

Picture: THINKSTOCK
13 hour(s) ago

Consumer credit index stuck below crucial threshold for 10th consecutive quarter, while financial wellness barometer shows second annual decline running

Labour

Employers at odds over strike settlement

Irvin Jim. Picture: PUXLEY MAKGATHO
2 day(s) ago

End to month-long strike welcomed amid fears that the full picture of its negative effect on economy is still to emerge

Standard Bank

KZN’s key position in SA’s economy is assured

Amrei Botha. Picture: STANDARD BANK
3 day(s) ago

Third-smallest province continues to punch above its weight category, its share of manufacturing sector is larger than all other provinces

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Opinion

ON WORK: Elop’s fabled memo shows how not to

Microsoft’s Stephen Elop’s ‘Hello there’ memo has already become a classic example of how not to fire people

Picture: THINKSTOCK

EDITORIAL: Sanral’s shaky confidentiality bid

As a state agency with no competitors, Sanral is on shaky ground claiming ‘commercial confidentiality’

Financial Services

Executives want more global guidance on tax planning

Picture: DAILY DISPATCH
2 day(s) ago

Survey shows participants favour greater co-operation by tax authorities to eradicate base erosion and profit shifting, writes Amanda Visser

National

Tribal landlords vote over mining royalty funds

1 day(s) ago

Divided Bapo ba Mogale community start voting over platinum miner Lonmin’s offer to swap royalties for an equity stake, which is estimated to be more than R1bn, excluding dividends

Trade & Industry

Lost jobs from steel strike ‘could go beyond car manufacturers’

DEMAND: Steel production takes place at the Baosteel GroupCorp. facilities in Shanghai, China.  Baosteel says iron-ore prices have further to fall. Picture: BLOOMBERG
3 day(s) ago

National Association of Automotive Components and Allied Manufacturers says the effect on sub-suppliers and their customers — producers of vehicles and components — will be considerable

Business Times

More tears for R699 scheme as staff revolt

Picture: THINKSTOCK
3 day(s) ago

Staff now accuse mastermind Albert Swart of cheating them out of pay

Business Times

PIC loses patience with bosses' pay

3 day(s) ago

The PIC has voted against the remuneration policies of 23 of the 59 investee companies that held AGMs in the June quarter

Telecoms & Technology

Gauteng to use new technology to screen suppliers, pay faster

Barbara Creecy.  Picture: PUXLEY MAKGATHO
6 day(s) ago

The new online platform will allow suppliers to send invoices directly to client departments and the provincial treasury

Opinion & Analysis

Passive investors need caution

Picture: MICHAEL ETTERSHANK
8 day(s) ago

We are clearly well into a rampant bull market, writes Alan Wood

Opinion & Analysis

Why global executives give SA a miss

Picture: THINKSTOCK
10 day(s) ago

No potential CEO wants to deal with the considerable challenges of the SA environment and take an effective pay cut when other emerging markets offer more stability in faster-growth environments, writes Bruce Whitfield

Industrials

Oil and gas groups turn to equity raising

Picture: FINANCIAL MAIL
7 day(s) ago

Companies believe equity raising will be easier this year than in the past two years as Africa attracts more investor interest

Mining

Miners’ health body meets rarely, says minister

Mineral Resources Minister Ngoako Ramatlhodi. Picture: SUNDAY TIMES
8 day(s) ago

Mineral Resources Minister Ngoako Ramatlhodi says the joint committee set up to monitor health risks to mine workers has met only twice in five years and taken no substantial decisions

Retail & Consumer

SA slow to adopt online shopping, with logistics a problem

Picture: THINKSTOCK
8 day(s) ago

In South Africa, buying food and beverages as well as clothes online continues to lag behind global norms, EY survey reveals

Mining

Long-term focus on what is lucrative

BHP Billiton’s signboard outside Richards Bay. Picture: SUNDAY TIMES
7 day(s) ago

Dwindling production and prices for BHP Billiton’s thermal coal, aluminium and manganese operations underscored focus on more lucrative commodities

Telecoms & Technology

Room to expand use of mobile technology in SA businesses

8 day(s) ago

Report shows only four in every 10 companies are investing in mobile technologies across their business

Retail & Consumer

South Africans ‘tend to rely on much-loved brands’

Tiger Brands own All Gold, Tastic and Koo. Picture: THE TIMES
8 day(s) ago

Survey finds that out of 8,000 ‘quintessentially’ South African brands measured, only 31 have what it takes to obtain iconic status

Land & Agriculture

Chicken imports ‘stockpiled to avoid duty’

Picture: THINKSTOCK
10 day(s) ago

Chicken meat stocks ‘above comfortable levels’ due to ramp-up of imports ahead of preliminary antidumping duties imposed on some of SA’s European trading partners

Energy

Minister plans to transform energy sector

Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson. Picture: TREVOR SAMSON
10 day(s) ago

Energy Minister Tina Joemat-Pettersson plans speed up the empowerment of women and youth in the energy sector

Business Times

Strikes are not the only disincentive

automotive factory manufacturing XXX
10 day(s) ago

Not every car manufacturer will pull its operation out of the country every time Numsa goes on strike

Energy

Selling Eskom assets considered — but not seriously, says government

Picture: THINKSTOCK
13 day(s) ago

Minister's spokesman says sale of power stations came up in talks with the Treasury on how to resolve funding crisis, but would not be viable

Opinion

The fear of failing in business is SA’s undoing

For the majority of the population, James Caan’s appeal to ‘embrace failure’ will take some time to take root

Opinion

Long-haul still a mountain to climb for ever-improving no-frills airlines

There is no longer much difference between a budget carrier’s service and an old-style airline’s, writes Michael Skapinker

Retail & Consumer

Needy benefit as foreign hunters sell game meat cheaply

Adri Kitshoff , CEO of the Professional Hunters Association of SA. Picture: ROBERT TSHABALALA
2 day(s) ago

Professional hunters are selling game meat resulting from trophy hunts to butchers at a fraction of the price of traditional meat such as mutton and beef

Trade & Industry

Lost jobs from steel strike ‘could go beyond car manufacturers’

DEMAND: Steel production takes place at the Baosteel GroupCorp. facilities in Shanghai, China.  Baosteel says iron-ore prices have further to fall. Picture: BLOOMBERG
3 day(s) ago

National Association of Automotive Components and Allied Manufacturers says the effect on sub-suppliers and their customers — producers of vehicles and components — will be considerable

Energy

Earthlife Africa tells court Pelindaba smelter ‘illegal’

Picture: THINKSTOCK
3 day(s) ago

The lobby group wants it shut down as it says the possibility exists that it could be turned to commercial use which would result in SA becoming ‘a nuclear waste junkyard’

Business Times

Executives coin it on share-incentive plans

Sanlam CEO Johan van Zyl. Picture: FINANCIAL MAIL
3 day(s) ago

The public rarely gets a full insight into how extraordinarily generous share schemes for executives can be

Opinion

All CEOs not created equal — nor are they equally valuable

Picture: THINKSTOCK

CEO remuneration needs to be curtailed for the majority of undeserving business leaders who ride on the broad shoulders of blue-collar workers and middle management

Opinion

ON THE MONEY: New credit legislation could deliver a fresh blow to African Bank

African Bank is already against the ropes after vast bad debt write-offs

Labour

Strike deadlock threatens centralised bargaining

Numsa general secretary Irvin Jim. Picture: PUXLEY MAKGATHO
3 day(s) ago

Numsa balks at Seifsa condition, as failure to end strike could precipitate collapse in central bargaining for a bargaining council

Telecoms & Technology

Solar computer is a product of Africa

IMPI Mk1. Picture: CAPSULE TECHNOLOGIES
3 day(s) ago

Capsule Technologies, a Cape Town-based technology firm, has designed Africa’s first solar-powered desktop computer running on Android

Business Times

Lonmin in murky BEE plan

4 day(s) ago

Lonmin stands accused of bulldozing through an empowerment deal with the Bapo Ba Mogale community, on whose land it has been mining for decades

Labour

Wages take back seat over ‘peace clause’ fight

Irvin Jim. Picture: MASIMBA SASA
6 day(s) ago

Numsa likely to reject latest offer unless it is adapted to preserve rights of workers to take action over shop-floor issues after a collective deal is struck

Business Times

Long way home for migrants' money

PERCEIVED THREAT: The ANC’s proposal to tighten immigration controls may increase the vulnerability of migrants, rights groups say. Picture: SOWETAN
3 day(s) ago

There are signs of a shake-up in growing remittance market, writes Asha Speckman

Business Times

'Nationalisation alone will fix capital's crime'

UP IN ARMS: Amcu members listen to leader Joseph Mathunjwa at Wonderkop Stadium in Marikana, near Rustenburg earlier this month. Workers’ show of force signalled their intention to continue striking. Picture: PUXLEY MAKGATHO
3 day(s) ago

The Association of Mineworkers and Construction Union's economist says good riddance as Amplats plans to sell its mines, writes Chris Barron

Telecoms & Technology

Telkom bid to end reform stalemate

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

Company hopes for union deal on job cuts as it hires one of SA’s top labour mediators to resolve the impasse

Energy

Ramaphosa says state will be able to finance energy projects

CONFIDENT: Deputy President Cyril Ramaphosa addresses journalists after his budget vote speech on Thursday. Picture: TREVOR SAMSON
6 day(s) ago

Government is confident that ways will be found to finance SA’s energy needs, including the nuclear programme, says Deputy President Cyril Ramaphosa

Mining

Wider probe into mining royalty funds

The main shaft at Wesizwe’s Bakubung platinum mine in Rustenburg. Picture: SUNDAY TIMES
6 day(s) ago

More than R300m in mining royalties is missing from an account of Rustenburg’s Bapo ba Mogale community

Mining

Manufacturing, mining fare worst on transformation

Picture: THINKSTOCK
6 day(s) ago

South Africa’s mining industry does not comply with the broad-based black economic empowerment codes, a KPMG survey shows

Energy

No movement on Coega refinery a year later

Picture: THINKSTOCK
6 day(s) ago

Transnet Pipelines says its strategy on future investment will be influenced by Project Mthombo, on which decisions had not yet been made

Business

Jacob Zuma prods firms to buy local

President Jacob Zuma. Picture: MARTIN RHODES
8 day(s) ago

Bid to get top 80 listed companies on JSE to commit to buying more of their inputs from local companies

Property

SA’s ‘priciest’ offices in progress

Adrian Gore, CEO of Discovery. Picture: MARTIN RHODES
8 day(s) ago

Medical aid group Discovery’s new office, next to Sandton City, is being built at an estimated development cost of R2.6bn

Retail & Consumer

Urbanisation drives hunger for luxury goods

The Louis Vuitton shop in Sandton City, Johannesburg. Picture: SUNDAY TIMES
7 day(s) ago

Sub-Saharan Africa is a promising market for luxury goods as urbanisation, economic development and increased affluence among rising middle class drives growth

Land & Agriculture

State eager to pass five land bills this year

Gugile Nkwinti. Picture: TREVOR SAMSON
7 day(s) ago

Despite the funding of land reform remaining an unresolved issue, Rural Development and Land Reform Minister Gugile Nkwinti is determined to press on with the process

Business

Minister hopes small business department will get ‘big budget’

Lindiwe Zulu. Picture: PUXLEY MAKGATHO
5 day(s) ago

Small Business Development Minister Lindiwe Zulu says department will do all it can to deliver on mandate to support entrepreneurs

 
All Share 51708.46-0.12% down
Top 40 46439.17-0.33% down
Financial 15 14602.280.09% up
Industrial 25 59128.96-0.19% down
Resource 10 60231.18-0.58% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6785.800.18% up
Dow Jones 16880.360.00% same
All Share 51598.97-0.33% down
ASX 5623.100.14% up
S&P 500 1970.0700.00% same
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1295.1250-0.13% down
Platinum 1478.70000.12% up
Silver 20.68000.31% up
Palladium 881.50000.74% up
Brent Crude Oil 106.000-0.48% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51708.46
    Change: -0.12%
    Top 40 : 46439.17
    Change: -0.33%
    Financial 15 : 14602.28
    Change: 0.09%
    Industrial 25 : 59128.96
    Change: -0.19%
    Resource 10 : 60231.18
    Change: -0.58%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6785.96
    Change: 0.18%
    Dow Jones : 16880.36
    Change: 0.00%
    Hang Seng : 24775.76
    Change: 0.18%
    ASX : 5623.10
    Change: 0.14%
    S&P 500 : 1970.070
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.6872
    Change: 0.25%
    ZAR/GBP : 18.0667
    Change: 0.21%
    ZAR/EUR : 14.3088
    Change: 0.19%
    ZAR/JPY : 0.1039
    Change: 0.22%
    ZAR/AUD : 9.9519
    Change: 0.11%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1295.1250
    Change: -0.13%
    Platinum : 1478.7000
    Change: 0.12%
    Silver : 20.6800
    Change: 0.31%
    Palladium : 881.5000
    Change: 0.74%
    Brent Crude Oil : 106.000
    Change: -0.48%
    All data is delayed by 15 min
    Data supplied by INET BFA
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