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Economy

Low growth, job cuts worry ANC lekgotla

Gwede Mantashe. Picture: MAKWENA MANAMELA

Manufacturing a key sector for reindustrialisation of economy, says Mantashe after midyear meeting

Transport & Tourism

Prasa confirms resignation of former head of engineering services

Transnet. Picture: BLOOMBERG/DEAN HUTTON

Passenger Rail Agency of SA confirms it received letter of resignation from former head of engineering services at Prasa Rail‚ Daniel Mtimkulu

Economy

Fewer companies liquidated in June, Stats SA data show

Picture: THINKSTOCK

Fewer companies were liquidated last month compared with previous month and year ago, despite difficult economic conditions such as weak demand

Financial Services

With milk and roses, Africa woos private equity funds

Picture: THINKSTOCK

From milk churning in Zimbabwe to rose growing in Ethiopia, private equity investments in Africa have returned to pre-crisis levels and should keep rising

Energy

SA’s crude reserve depot is filled to capacity

Oil refinery. Picture: THINKSTOCK

Traders have been hoarding oil to take advantage of market in contango, when oil available soon is cheaper to buy, store to take advantage of higher future prices

Property

Randburg set for business reboot

Laurence Rapp, CEO of Vukile Property Fund. Picture: BUSINESS DAY

Efforts are under way to make Randburg’s central business district a successful office node again

Transport & Tourism

Attorneys back Prasa call for firms’ bid clarity

Picture: THINKSTOCK

Advice drafted by attorneys Ledwaba Mazwai appears to contradict the findings made by Passenger Rail Agency of SA internal auditors

Telecoms & Technology

Cyber criminals find SA online users easy to milk

Picture: THINKSTOCK

Expert says the SA internet market is dominated by older-generation mobile devices, which usually run on Android operating systems that are especially susceptible to hacking

Opinion

SA cannot bank on bulwark against reckless racial agenda

New draft regulations suggest the Treasury is no longer able or willing to resist the racial agenda being pursued by President Jacob Zuma’s allegedly directionless government

Opinion

ON WORK: A blast of common sense that frees us from appraisal farce

Should Deloitte and Accenture say sorry for all those useless annual appraisal systems they have prescribed in the past?

Picture: THINKSTOCK

SA’s water crisis is already here, warn engineers

SA’s water shortages will not be as immediately visible as the load shedding arising from electricity shortages. It will show only when it's too late, says expert

Absa

Absa Wealth offers local investors with innovative risk management solutions

Picture: iStock

Investors looking to mitigate concentration risk, or protect against market fluctuations will now benefit from risk management capabilities of Barclays network

Featured Partner

The Field Office

Success should be a result, not luck

Picture Andries Joubert

Implement right sales system so business success becomes inevitable outcome and not wishful stroke of luck, advises Duaan Dekker of Field Office

Featured Partner

National

Labour officials to crack down on job equity failures

Picture: SUNDAY TIMES

Top echelons of management still overwhelmingly dominated by men, with women’s share rising only slightly to 20.8%

Trade & Industry

Chemical sector straining under weight of load shedding, power costs

Picture: THINKSTOCK

Electricity hikes and load shedding are limiting growth in chemical sector, chemical cluster imbizo hears

Industrials

Denel banks on Rooivalk orders

Rooivalk helicopters take part in the Waterkloof Air Show in Pretoria. Picture: KEVIN SUTHERLAND

State arms manufacturer awaits green light for more Rooivalk assault helicopters after Congo successes

Transport & Tourism

Prasa chairman shrugs off ‘assassination plot’

Popo Molefe. Picture: SOWETAN/SUNDAY WORLD

Prasa chairman Popo Molefe sees death threats as directly linked to fallout with former CEO Lucky Montana

Financial Services

Treasury tackles fees in retirement fund rules

Picture: THINKSTOCK

Proposed regulations plan an overhaul of default investment options to prevent complex and high charges being levied

Mining

Another ‘Marikana’ averted in Burgersfort truce

Ngoako Ramatlhodi.  Picture: MARTIN RHODES

Ramatlhodi’s intervention in strife-torn Burgersfort will see mining companies prioritise locals when hiring

Land & Agriculture

Fungus hits lemon exports to the EU

Picture: THINKSTOCK

Fears grow that suspension of organic lemon exports could further jeopardise the R10bn industry

A worker cleans and lubricates the head of the machine after the hydraulic fracturing of a gas field segment at Southwestern Energy's natural gas production site at the Marcellus Shale formation in Camptown, Pennsylvania, US. Picture: BLOOMBERG/JULIA SCHMALZ

Advocacy group asks what chance fracking has of succeeding in SA

If big names can’t make profit in US, where everything is stacked in favour of shale gas‚ how can one expect to come to SA and get it right, asks Treasure Karoo Action Group

Financial Services

The best is still ahead for black accounting firms

Nonkululeko Gobodo. Picture: SUNDAY TIMES

New growth spurt needed after at least 20 years in operation, writes Phakamisa Ndzamela

Science & Environment

Department awaits Africa budget allocation for SKA

One of two MeerKAT dishes that have so far been built. Picture: TREVOR SAMSON

Department of Science and Technology director-general Phil Mjwara says allocation of the African share of budget for Square Kilometre Array still at least 18 months away

Trade & Industry

New SA crude blending terminal to supply Asia from 2017

Picture: THINKSTOCK

Using world’s first dedicated crude oil blending terminal, SA will by 2017 mix different grades of crude oil for export to refineries across Asia

Energy

Documents in suspension battle reveal PetroSA’s financial disaster

Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL

Scale of financial disaster unfolding at state-owned petroleum company PetroSA publicly revealed for first time in court documents

Transport & Tourism

Prasa off track with crucial upgrades

Prasa CEO Lucky Montana. Picture: ARNOLD PRONTO

Perways and platforms for new trains severely behind deadline

Health

Wellness well worth the share price

While many companies claim to have programmes to ease the conditions of their workers and promote their health, few have implemented these measures. Picture: SUNDAY TIMES

In sectors where people are a chief asset, companies are often forced to view employee wellness as an investment instead of a cost, writes Sue Blaine

Healthcare

Proliferation of day hospitals a blessing for patients and medical aids

Picture: THINKSTOCK

Accessible and affordable treatment is gathering pace, writes Reitumetse Pitso

Telecoms & Technology

Constitutional Court to hear ‘Please Call Me’ case

Nkosana Makate. Picture: SOWETAN

Former Vodacom employee Nkosana Makate must convince court why he should be paid for coming up with SMS idea

Markets

Chinese moves heap pressure on coal price

Picture: THE TIMES

Brokers see bearish picture of global oversupply, weak demand driven mainly by moves in China

Law & Constitution

Business lashed over affirmative action for black executives

Picture: THINKSTOCK

Some 1‚400 employers across the country fail to submit their employment equity reports despite this being a requirement by the law, says Director-General

Economy

First annual increase in steel production for 2015 may herald turnaround

Steel coils.  Picture: BLOOMBERG

SA steel output rises 2.3% year on year in June, with first year-on-year increase so far this year possibly signalling turnaround in fortunes of battered local steel industry

Management

Seven tactics for changing employee behaviour

Picture: THE NEW YORK TIMES/TONY CENICOLA

Changing someone’s behaviour is a delicate task that can produce adverse results, but there are some approaches that work better than others

Land & Agriculture

Minimum wage ‘hurt’ farm workers

Picture: THINKSTOCK

International Labour Organisation study shows increased labour costs only a part of the crisis affecting farms

National

Treasury publishes draft 2015 Taxation Laws Amendment Bill

Picture: THINKSTOCK

Tax practitioners eager to see how tax measures announced in the budget will be implemented

Opinion

Medical aid tweak a sign of health

It is now clear the initial legislation pertaining to prescribed minimum benefits was ill conceived and resulted in a series of perverse incentives

Opinion

Explaining Lisps so you will not get tongue-tied

Three rules of house hunting are location, location, location, for investment they are diversification, diversification, diversification

Energy

PetroSA executive’s suspension challenge in court

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMES

Chief financial officer argues in court the bulk of the R14.9bn loss faced by the company arose mostly from impairments prior to her tenure

Energy

V&A to install solar panels to lessen dependence on grid

The V&A Waterfront, Cape Town. Picture: SUNDAY TIMES

V&A Waterfront project is expected to save enough energy to power 574 four-person households for one year

Energy

Bleeding Eskom to lose top engineer

Electricity pylons. Photo: THINKSTOCK

Systems operations head quits ’to attend to family matters’, joining at least four other top managers this year

Energy

Nuclear shown to be a solid investment, says department

Zizamele Mbambo.  Picture: SOWETAN

Cost of the programme will only be known when the bidding stage gets under way in a fortnight

Land & Agriculture

SA citrus specialists to visit EU over black spot row

Picture: CLEMENGOLD

EU has imposed a number of bans on most imports of citrus from SA over concerns the fungus may be transmitted to European orchards

Opinion

Poor betrayed at the highest level by garnishees

Dismantling this dark system and ensuring that it does not return requires permanent vigilance

Opinion

How to put advice into action, that is the rub

The OECD recommendations are useful in identifying macroeconomic challenges but deeper problems are to do with political will and institutional capacities

Transport & Tourism

Veterans dismiss allegations of plot to kill Prasa’s Molefe

Chairman of the MK Military Veterans Association, Kebby Maphatsoe.  Picture: SOWETAN

Umkhonto we Sizwe veterans say there is no plot to kill Passenger Rail Agency of SA chairman, after Popo Molefe opens case of conspiracy to commit murder

Energy

Energy committee quizzes regulators

Picture: THINKSTOCK

Energy portfolio committee grills Nersa on processes used to decide on electricity tariffs

Economy

Investment bill allows foreign arbitration

Picture: GALLO IMAGES/LISA HNATOWICZ

Critic says limited form may not be enough guarantee for investors

National

ANC wants pensions invested in development

Picture: THINKSTOCK

Legislation ‘has a role in addressing serious issues and making asset managers more transparent and accountable’

National

E-toll roads benefiting Gauteng, transport minister says

Transport minister Dipuo Peters, left, and Deputy President Cyril Ramaphosa brief the media regarding the new e-tolls dispensation on Wednesday.  Picture: TREVOR SAMSON

Pay-as-you-drive system ‘has shortened travel times, improved fuel consumption and reduced congestion despite a spike in traffic volumes’

Transport & Tourism

Port of Durban set for first major revamp in 90 years

Work will commence on its outer caisson — the watertight retaining structure — in the next four months.

Transnet National Port Authority’s five year multibillion rand project will revitalise the country’s neglected dry docks, starting in Durban

Business

BEE gains weight in state tender proposals

Picture: THINKSTOCK

Western Cape premier Helen Zille expresses outrage at the new proposal, describing it as ‘legalised corruption’

Management

Five reasons to operate your business from your smartphone

Picture: THINKSTOCK

Subconscious experiment resulted in emancipation from laptop shackles, provided some new-found clarity on benefits of being ‘mobile citizen’, writes Mike Sharman

Land & Agriculture

AgriSA calls for policy to boost confidence in sector

Picture: THINKSTOCK

Agricultural body says there is urgent need for policy directives that will create confidence in industry, contribute to growth, development

Education

Youth centres slow to take to air

Students at the Centre of Entrepreneurship at the Ekurhuleni West College. The centres aim to help graduates to start their own businesses. Picture: SUNDAY TIMES

Much work still to be done on entrepreneurship initiative, writes Stephen Timm

Innovation

UJ mill belches out heads, hands equipped for toil

Students in discussion with a lecturer at the University of Johannesburg (UJ). UJ’s innovative Resolution Circle aims to bridge the gap between theory and practice. Picture: FREDDY MAVUNDA

Tom Nevin: Resolution Circle founder Prof Willem Clarke says graduates who are work-ready when they enter the job market come equipped with a start button

Standard Bank

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