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Industrials

Durban to get supplier park

Picture: THINKSTOCK

Supplier park plan comes as the automotive industry awaits government word on the review of the automotive production and development programme

Labour

Cosatu backs Expropriation Bill

Picture: THE TIMES

Union federation backs bill and says the courts do not have the capacity to conduct property valuations

Transport & Tourism

SA’s new visa rules led to drop in tourism, says minister

Tourism Minister Derek Hanekom. Picture: SOWETAN

New visa regulations have led to ‘worrying drop’ in foreign visitors to SA and new approach may be needed, says Tourism Minister Derek Hanekom

Business

Sacci names former Land Bank chief as its new CEO

Alan Mukoki is the new CEO of the South African Chamber of Commerce and Industry. Picture: SUNDAY TIMES

South African Chamber of Commerce and Industry has appointed former Land Bank CEO Alan Mukoki CEO, he takes over from Neren Rau, who stepped down last year

Energy

Cheer at the pumps as AA sees big drop in petrol price

Picture: MARTIN RHODES

Automobile Association says current data indicates petrol price will decrease by between 47c to 49c a litre in August‚ with diesel dropping about 70c

Energy

Revealed: real price of nuclear energy

Picture: THINKSTOCK

Price of electricity generated by nuclear power expected to be higher than that from any other technology except for gas and diesel, say analyses

Energy

Two suspended executives return to PetroSA — but only to the board

Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL

In a dramatic twist, suspended executives may have backed moves to isolate former board chairwoman Nonhlanhla Jiyane, who quit this week

Healthcare

Basic medical aid could soon be within reach of the poor

Picture: THINKSTOCK

Very basic benefit options could cost as little as R200 per person a month

Opinion

EDITORIAL: PetroSA’s boardroom farce

Picture: SUNDAY TIMES

State oil company PetroSA faces a R14.9bn loss as chaos consumes its executive suite — reconstitute the board in its entirety

Opinion

Link between stock market indices and newspapers nothing new

That Nikkei is both a newspaper group and stock market index provides no surprises considering market indices invented by two newspapermen

Picture: AFP PHOTO/NOAH SEELAM

Gold is out of fashion, like flared pants

It has lost its attraction as a commodity and an alternative to currencies, writes Debarati Roy

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

Transport & Tourism

SA digs in on African business visas

Picture: SUNDAY TIMES

Department of Home Affairs strongly resists bid by the East African Community for business visas to be issued on arrival

National

Banks warn Expropriation Bill will create risks for bond debtors

Dr Anthea Jeffery, left, of the Institute of Race Relations, and Deputy Public Works Minister Jeremy Cronin address the public hearings on the Expropriation Bill in Parliament on Tuesday. Pictures: TREVOR SAMSON

Bill allows state to expropriate private property and pay compensation equal to 80% of market value

Trade & Industry

GM plans new line for emerging markets

Chevrolet cars are seen at a General Motors dealership. Picture: REUTERS

General Motors in surprise announcement it plans to invest $5bn to create a new line of vehicles for emerging markets

Retail & Consumer

Gauteng backs probe into expansion of retail grocery sector in townships

Picture: SUNDAY TIMES

Entrepreneurs have been, and continue to be, crowded out of the market, writes Samuel Mungadze

Property

Spate of malls reflects an African metamorphosis

Zambians walk past a Shoprite store in the capital Lusaka. South African-built shopping malls in Zambia and many other African countries are changing the way locals shop. Picture: REUTERS/SALIM HENRY

South African-built shopping malls in Zambia and many other African countries are changing the way locals shop, writes Andrew England

Transport & Tourism

Satawu urges return of Prasa’s Montana

Lucky Montana. Picture: MARTIN RHODES

Union threatens to disrupt Passenger Rail Authority of SA unless former CEO Lucky Montana returns

Management

Standard toilets at work a pain in the backside

Picture: THINKSTOCK

Bathroom design can ease anxieties about spending a penny in the restroom at work, writes Rebecca Greenfield

Picture: THINKSTOCK

When depression disturbs work it’s time to help a blue colleague

At work most people prefer to keep their relationships professional — even after many years of working side by side or bonding over deadlines, writes Vanessa Rogers

Trade & Industry

New web-based docking system a boon for SA’s ports

The Mare Caribicum lies at anchor off Port of Ngqura . Picture: THE HERALD

South African harbours go hi-tech with the latest state-of-the-art information technology turning the country’s ocean gateways into smartports

Energy

Eskom open to coal imports for new power stations

Koeberg nuclear power station at sunset.

Eskom is open to importing coal for plants it still plans to commission, coal conference hears

Healthcare

Medical aids urged to fight for new law

Humphrey Zokufa. Picture: TREVOR SAMSON

New law a fiercely contested piece of legislation governing the extent to which medical schemes must cover their members’ bills

Trade & Industry

Mooted act aims to bolster SA export performance

Picture: THINKSTOCK

Proposed legislation is expected strengthen and streamline the fragmented institutional framework for developing exports

National

SA’s water crisis is already here, warn engineers

Picture: THINKSTOCK

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

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

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

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

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

Energy

Bid to fire PetroSA executives meets legal hurdle

Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL

Documents say PetroSA’s board is divided on the assignment of blame for the continuous underperformance of crucial large capital projects

Opinion

Links in value chains driving BBBEE

Organisation for Economic Co-operation and Development champions broad-based black economic empowerment as a means to reduce poverty and inequality

Opinion

A guide to dealing with narcissistic bosses

Picture: THINKSTOCK

They’re envious of others and believe others envy them; and behave in an arrogant manner

Financial Services

Bids to tighten legal privilege in tax dealings

Rows of taxpayers  wait to be assisted with their income tax returns at the SARS office in Port Elizabeth. Picture: THE HERALD/FREDLIN ADRIAAN

Treasury and the South African Revenue Service challenge validity of legal privilege to withhold documents

Industrials

NEWS ANALYSIS: Ideology hampers recovery of a sector on its knees

Economic Development Minister Ebrahim Patel. Picture: TREVOR SAMSON

State’s desire to use metals production and beneficiation to ‘re-industrialise’ the country is paralysed by contradiction, writes Mark Allix

Labour

Union suspicion over gold sector wage offer

Picture: THINKSTOCK

Village’s deal with unions will, in principle, increase the basic salary for categories 4-8 workers by R1,000

Economy

Job losses are a social threat, says Mantashe

Gwede Mantashe. Picture: PUXLEY MAKGATHO

The private sector will only realise the dangers of high unemployment when disruptions begin, warns ANC secretary-general Gwede Mantashe

Energy

Now chair quits embattled PetroSA

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

State oil company PetroSA's board now lacks quorum following suspension of executive directors

Opinion

Find bright new ways to connect to readers

Edgy, emotionally charged reporting by dynamic young presenters may be a way to get millennials, especially in SA, to read more news

Opinion

Prices set by state not a good idea

Picture: THINKSTOCK

Compulsory package of benefits known as prescribed minimum benefits should be scrapped in full

Energy

Advocacy group asks what chance fracking has of succeeding in SA

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

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

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

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

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

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

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

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

Standard Bank

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