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Business Times

Microlending industry picks up the pieces

Picture: MICHAEL ETTERSHANK
21 hour(s) ago

The collapse of African Bank, which provided 40% of SA’ s unsecured loans, has sent aftershocks throughout the microlending sector

Trade & Industry

Strike ‘cost car makers about 16,000 lost vehicles’

PRESCIENT: A worker adds components to fits out the engine compartment of a Toyota Tundra truck on the chassis line at the company’s factory manufacturing facility in San Antonio, Texas in this file picture. Japan’s Nikkei newspaper manages to predict Toyota earnings, and those of other companies, months in advance. Toyota will consider investments that can increase production efficiently and doesn't plan to build new plants in three years from 2013, President Akio Toyoda said in an interview with Nikkei newspaper. Picture: BLOOMBERG
3 day(s) ago

Most motor companies were forced to suspend operations because of components shortages, says Toyota

Industrials

New bid to stem scrap metal exports

Picture: THINKSTOCK
3 day(s) ago

New guidelines aim to stop scrap-metal dealers from exploiting loopholes in preferential pricing policy

Transport & Tourism

Engineering body believes e-tolls ‘best way to fund roads’

Picture: SOWETAN
3 day(s) ago

Consulting Engineers of South Africa argue that electronic tolling is most sensible method of funding Gauteng road infrastructure

Telecoms & Technology

Western Cape launches free wireless internet in Atlantis

Picture: THINKSTOCK
3 day(s) ago

Province’s premier Helen Zille says the free WiFi initiative will provide economic opportunities to residents

Transport & Tourism

N17 Toll Operators agrees to pay fine for colluding with building companies

Picture: THINKSTOCK
4 day(s) ago

The City of Cape Town, several smaller municipalities and Sanral have vowed to claim damages suffered because of the collusion

Picture: THINKSTOCK

Treasury hires banks to plan debut sukuk sale

BNP Paribas, KFH Investment and Standard Bank Group hired to arrange sale of at least $500m

Transport & Tourism

Fuel levy hike could be alternative to e-tolls, union federations suggest

ENRAGED: One of several e-toll protests by the public on the highways around Johannesburg in 2013. Picture: SUNDAY TIMES/KATHERINE MUICK –MERE
4 day(s) ago

All three union federations at e-tolling advisory panel in Midrand propose fuel levy hike as a possible counter to controversial system

Standard Bank

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

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

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

Featured partner

Opinion

RANTS AND SENSE: How to solve the ‘Generations’ gap

BIG EARNERS: Former 'Generations' actors address the media in Johannesburg this week about being axed from the popular soapie. Picture: KEVIN SUTHERLAND

The biggest problem for Generations is that it has been wildly successful and the actors want a piece of that success

Trevor Manuel. Picture: MARTIN RHODES

Large no-fishing zones must be declared in high seas, says Manuel

To save declining global fish stocks large no-fishing zones need to be created in high seas, Trevor Manuel urges during lecture at CSIR International Convention Centre

Energy

State team ponders another Eskom rise

Picture: THINKSTOCK
5 day(s) ago

Power utility may be pushed to request further electricity tariff increase as key part of immediate solution to financial crisis

Business

Treasury to keep tax-free savings limit

Picture: THINKSTOCK
5 day(s) ago

Tax expert says the R30,000 limit is not sufficient to encourage savings

Healthcare

Call for joint effort to end hospital cash plan fraud

Picture: SUNDAY TIMES
5 day(s) ago

Doctors and consumers are colluding to submit false claims then share the payout

Business

Competition policy ‘not best way to plug industrial loopholes’

BEST PRACTICE: Competition Commission head Tembinkosi Bonakele says that regulation can be used by the state to tackle excessive pricing. Picture: PETER MOGAKI
5 day(s) ago

Application of competition law by competition authorities is a slow process that should not be used to address loopholes in the implementation of industrial policy

Opinion & Analysis

BEE codes spell doom for SMEs

Picture: THINKSTOCK
5 day(s) ago

Businesses are already knee deep in red tape, writes Daniel Nel

Financial Services

Banks get help tracking collateral

Strate CEO Monica Singer. Picture: RUSSELL ROBERTS
6 day(s) ago

Cost burden of new Basel rules remains a concern, writes Evan Pickworth

Business

July liquidations rise 9.8% year on year

6 day(s) ago

Increase indicates extent to which rising administered costs and interest rates, as well as weak economic growth are hampering businesses’ ability to repay debt

Business

Review of business rescue provisions in the Companies Act needed, says expert

6 day(s) ago

Alex Eliott, partner at law firm Hogan Lovells, says a review is needed over the low success rate with the business rescue provisions in the Companies Act

Business Times

Firm handshake goes a long way

Picture: THINKSTOCK
7 day(s) ago

Networking: nine tips to help you work the room like a pro

Healthcare

No substance to Netcare’s application, says KPMG

Netcare. Picture: FINANCIAL MAIL
6 day(s) ago

There is no substance to Netcare’s bid to stop KPMG from helping Competition Commission’s inquiry into private health sector, financial services firm says

Financial Services

NCR defends action taken over African Bank woes

Picture: MICHAEL ETTERSHANK
7 day(s) ago

National Credit Regulator says it did everything in its power to act against the reckless lending practices of African Bank

Business

Provisions for business rescue under spotlight

Trade and Industry Minister Rob Davies. Picture: PUXLEY MAKGATHO
7 day(s) ago

Changes to Companies Act were intended to take employees in consideration, writes Amanda Visser

Opinion & Analysis

New law poses threat to
property rights

Picture: THINKSTOCK
7 day(s) ago

Bill allows the state to deprive owners of their property without paying them compensation, write Mark Oppenheimer and Cecelia Kok

Financial Services

Standard Bank denies reckless lending to reverse mortgage scheme firm

Picture: FINANCIAL MAIL
12 day(s) ago

Bank tells court it had no reason to question motives of company involved in fraudulent scheme

Opinion

Harvesting the big micro-opportunity

INITIATIVES: A three-year study says many small-scale farmers are combining farming with other activities and trade more in informal markets.  Picture: SOWETAN

Helping South Africa's small scale farmers will benefit everyone

Opinion

Our wildest dreams are coming true

Picture: THINKSTOCK

The ever-accelerating evolution of technology keeps making real the stuff of science fiction

Financial Services

‘Low-profile dude’ and self-styled visionary

DYNAMIC: Leon Kirkinis, who resigned as African Bank Investments Limited CEO saw himself as a champion of the poor in lending to South Africans ignored or deemed too risky by conventional banks. Picture: RUSSELL ROBERTS
4 day(s) ago

Kirkinis pursued a path to riches through SA’s poorest provinces, write Renee Bonorchis and Chris Spillane

Financial Services

Banks must improve their compliance or risk fines

Picture: THINKSTOCK
4 day(s) ago

The collective fines banks and financial institutions had received in past two years are ‘inconsequential’ compared to fines their international counterparts got

Telecoms & Technology

Western Cape’s free WiFi project to ‘boost economic growth, opportunities’

Picture: THINKSTOCK
5 day(s) ago

MEC Alan Winde officially launches free wireless internet in George as part of provincial government’s R1.3bn broadband plan to connect residents to affordable internet

Healthcare

Rules aim to end drug firms’ use of ‘perverse’ sales incentives

Picture: THINKSTOCK
5 day(s) ago

Loopholes enable pharmaceutical companies to use perverse incentives to influence which medicines are sold to patients by pharmacies

Energy

Rejig of probe into low home usage of gas

Gas is a much cleaner source of energy, generating only 20% as many emissions as coal-fired power stations. Picture: THINKSTOCK
6 day(s) ago

Commission concerned about competition levels in LPG sector, writes Amanda Visser

Opinion

SIGN POST: New etiquette in order for selfies and groufies

Although self-portraits are as old as photography, it has only become a consumer obsession with the advent of the front camera on the smartphone

Opinion

New free-to-air rival for SABC, e.tv on the cards

Icasa is set to crack open South Africa’s free-to-air television industry to more competition

Trade & Industry

SA claims cement dumping by Pakistan

Picture: THINKSTOCK
6 day(s) ago

International Trade Administration Commission investigating claims that cement from Pakistan is being dumped in the Southern African Customs Union

Opinion & Analysis

OPEN LETTER: Trademark ban on packaging defies constitution

Picture: THINKSTOCK
7 day(s) ago

Owen Dean expresses his concern over the prevention of the use of trademarks on packaging for cigarettes in this open letter to Minister of Health Aaron Motsoaledi

Healthcare

Way clear for probe of private healthcare sector

Netcare. Picture: FINANCIAL MAIL
7 day(s) ago

High Court dismisses Netcare’s case to prevent accounting and auditing firm KPMG from assisting inquiry

Transport & Tourism

Sanral misleading public on tolling, says Cape Town

South African National Roads Agency CEO Nazir Alli. Picture: PUXLEY MAKGATHO
7 day(s) ago

Cape Town mayoral committee member for transport Brett Herron says the city has never agreed to withhold from the public information such as toll tariffs and revenue

Life

The fine art of insurance

CONVERSATION PIECES: Heidi Brauer, chief marketing officer at Hollard Insurance, did not argue when art was made part of her job. All the decor pieces at the company’s its headquarters  are artworks. Picture: MARTIN RHODES
7 day(s) ago

Marketing chief finds that exposure to the arts enlivens employees and makes them think, writes Sue Blaine

Business Times

Consumers to blame for credit mess, says NCR

Picture: THINKSTOCK
7 day(s) ago

The National Credit Regulator does not believe it deserves any censure, writes Chris Barron

Business Times

Credit watchdog let off hook in Parliament

Picture: MICHAEL ETTERSHANK
7 day(s) ago

MPs fail to thoroughly grill National Credit Regulator on collapse of African Bank

Labour

Essential Service Commission receives NUM submission on mine workers’ categories

NUM health secretary Erick Gcilitshana. Picture: SOWETAN
10 day(s) ago

Union wants determination of essential services in mining sector

Business

Grand Parade enters into joint venture with Tellumat

Picture: THINKSTOCK
9 day(s) ago

JSE-listed investment and empowerment group enters into manufacturing joint venture with Cape Town-based electronics manufacturer

 
All Share 51026.190.13% up
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Industrial 25 59581.310.33% up
Resource 10 56258.63-0.25% down
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Standard Bank
 
FTSE 100 6819.68-0.00% same
Dow Jones 17098.450.00% same
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ASX 5629.300.08% up
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Standard Bank

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  • All Share : 51026.19
    Change: 0.13%
    Top 40 : 45671.32
    Change: 0.09%
    Financial 15 : 14688.86
    Change: 0.19%
    Industrial 25 : 59581.31
    Change: 0.33%
    Resource 10 : 56258.63
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    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6819.68
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    Hang Seng : 24767.40
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    ASX : 5629.30
    Change: 0.08%
    S&P 500 : 2003.370
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.6680
    Change: 0.09%
    ZAR/GBP : 17.7336
    Change: 0.37%
    ZAR/EUR : 14.0090
    Change: 0.13%
    ZAR/JPY : 0.1024
    Change: 0.07%
    ZAR/AUD : 9.9736
    Change: 0.32%
    All data is delayed by 15 min
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  • Gold : 1288.3650
    Change: 0.18%
    Platinum : 1425.5000
    Change: 0.32%
    Silver : 19.4860
    Change: 0.14%
    Palladium : 906.5000
    Change: 0.50%
    Brent Crude Oil : 102.820
    Change: -0.44%
    All data is delayed by 15 min
    Data supplied by INET BFA
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