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Picture: THINKSTOCK

Exxaro to buy Total Coal South Africa

11 hour(s) ago

Biggest supplier of coal to Eskom will fund acquisition of Total Coal South Africa from existing debt facilities in deal that will give it large-scale operating assets, with a remaining life of about 20 years

Labour

Strike deadlock threatens centralised bargaining

Numsa general secretary Irvin Jim. Picture: PUXLEY MAKGATHO
21 hour(s) ago

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

Industrials

Basil Read appoints Neville Nicolau as new CEO

Neville Nicolau. Picture: BUSINESS DAY
14 hour(s) ago

Construction firm appoints former Anglo American Platinum head as CEO with effect from September 1

Energy

Earthlife Africa tells court Pelindaba smelter ‘illegal’

Picture: THINKSTOCK
22 hour(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’

Energy

Eskom needs help to ward off a downgrade

Picture: THINKSTOCK
22 hour(s) ago

S&P may cut utility’s rating unless government provides more aid, writes Kevin Crowley

Business Times

More tears for R699 scheme as staff revolt

Picture: THINKSTOCK
1 day(s) ago

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

Business Times

Executives coin it on share-incentive plans

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

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

Business Times

PIC loses patience with bosses' pay

1 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

Picture: MICHAEL ETTERSHANK

Passive investors need caution

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

Telecoms & Technology

Solar computer is a product of Africa

IMPI Mk1. Picture: CAPSULE TECHNOLOGIES
21 hour(s) ago

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

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
17 hour(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

Standard Bank

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

Amrei Botha. Picture: STANDARD BANK
17 hour(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

Why global executives give SA a miss

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

Mining

Minister shrugs off mine sales

GAME CHANGER: Amplats’s Rustenburg mine is among those up for sale, in a  development that will offer opportunities for transformation and black  ownership in the mining sector. Picture: SYDNEY SESHIBEDI, THE TIMES
3 day(s) ago

Ramatlhodi says there is no crisis on Amplats disposals, writes Carol Paton

Telecoms & Technology

Gauteng to use new technology to screen suppliers, pay faster

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

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

Industrials

Oil and gas groups turn to equity raising

Picture: FINANCIAL MAIL
4 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
5 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
5 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
4 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

6 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
6 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
7 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
7 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
8 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
11 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

Business Times

Heads or tails, SA gold coins are still worldwide winners

Picture: THINKSTOCK
8 day(s) ago

South African gold coins are still proving popular with foreign investors sales last year 30% higher than in 2012

Financial Services

Companies feel the pinch from changes to tax act

Picture: THINKSTOCK
11 day(s) ago

Adjustments to Income Tax Act that reclassify debt to equity in certain circumstances are expected to hurt some local businesses

Financial Services

Watchdog says Wonga not complying with credit act

Kevin Hurwitz, CE of Wonga SA. Picture: SUPPLIED
11 day(s) ago

National Credit Regulator slaps compliance notice on payday lender and takes issue with the consent to judgments issued by Wonga

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

Business Times

Lonmin in murky BEE plan

2 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
3 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
1 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
1 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
3 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

Opinion

LETTER FROM CAPE TOWN: It won’t be business as usual after strike ends

Seifsa members may ride out the storm but it is clear many Neasa-aligned companies risk bankruptcy

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

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
3 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
3 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
3 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
4 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
5 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
5 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
4 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
4 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
3 day(s) ago

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

Trade & Industry

Citrus black spot still haunts local industry

Picture: THINKSTOCK
4 day(s) ago

Anxiety over an EU ban after the fungal infection was found in oranges, writes Amanda Visser

Trade & Industry

First special economic zones on way

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

The Dube trade port and the Tshiame industrial development zone in Harrismith will both be transformed into special economic zones as soon as the regulatory framework has been established

Economy

Government needs to be creative to pull off infrastructure plan, says Patel

Economic Development Minister Ebrahim Patel. Picture: TREVOR SAMSON
5 day(s) ago

Rating downgrades have increased South Africa’s cost of borrowing and economy remains weak

 
All Share 51927.570.73% up
Top 40 46738.700.76% up
Financial 15 14767.770.92% up
Industrial 25 59317.420.97% up
Resource 10 60676.790.39% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
FTSE 100 6788.070.00% same
Dow Jones 16982.590.00% same
All Share 51927.570.73% up
ASX 5561.10-0.16% down
S&P 500 1978.9100.03% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
USD/ZAR 10.56340.09% up
GBP/ZAR 17.94770.09% up
EUR/ZAR 14.20380.09% up
JPY/ZAR 0.10380.13% up
AUD/ZAR 9.94860.18% up
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank
 
Gold 1304.53000.07% up
Platinum 1486.50000.17% up
Silver 20.58000.04% up
Palladium 880.50000.63% up
Brent Crude Oil 107.450-0.11% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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  • All Share : 51927.57
    Change: 0.73%
    Top 40 : 46738.70
    Change: 0.76%
    Financial 15 : 14767.77
    Change: 0.92%
    Industrial 25 : 59317.42
    Change: 0.97%
    Resource 10 : 60676.79
    Change: 0.39%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6788.07
    Change: 0.00%
    Dow Jones : 16982.59
    Change: 0.00%
    Hang Seng : 24428.63
    Change: 0.00%
    ASX : 5564.00
    Change: -0.11%
    S&P 500 : 1978.910
    Change: 0.03%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 10.5647
    Change: 0.11%
    ZAR/GBP : 17.9555
    Change: 0.14%
    ZAR/EUR : 14.2031
    Change: 0.09%
    ZAR/JPY : 0.1037
    Change: 0.04%
    ZAR/AUD : 9.9412
    Change: 0.10%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1304.5400
    Change: 0.07%
    Platinum : 1487.5000
    Change: 0.24%
    Silver : 20.5850
    Change: 0.06%
    Palladium : 880.5000
    Change: 0.63%
    Brent Crude Oil : 107.420
    Change: -0.14%
    All data is delayed by 15 min
    Data supplied by INET BFA
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