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Economy

SA’s trade surplus narrows to R12.5bn in June

A loading crane straddles a freight rail track at Transnet’s container handling terminal at City Deep inland port in Johannesburg. Picture: BLOOMBERG

But the figure compares to a R23bn deficit recorded in the same period last year, and paints a much better picture for local exports compared with imports

Energy

Joemat-Pettersson orders fuel fund probe

Tina Joemat-Pettersson. Picture: TREVOR SAMSON

The energy minister says the Central Energy Fund shares her concern over ‘lapses in governance’ involving large and risky transactions

Trade & Industry

Zimbabwe’s commerce minister ‘too busy’ to meet Rob Davies

Minister of Trade and Industry Rob Davies. Picture: DoC

Industry and Commerce Minister Mike Bimha gives no indication of when he will meet his South African counterpart to discuss the recent import restrictions

Financial Services

Lending to the private sector picks up pace

Picture: ISTOCK

Growth in private sector credit extension has snapped a four-month slowing streak, but money supply growth has slowed

Energy

WATCH: Is Eskom pulling the plug on progress?

One of the biggest headaches for Eskom’s nuclear bid is that no one seems to be able to provide an objective price for nuclear energy, says the writer. Picture: REUTERS

Peter Bruce and the panel of editors hone in on Eskom and ask if the state utility is pulling the plug on progress

Retail & Consumer

SABMiller-AB InBev integration placed on hold, say sources

The commission says the guidelines seek to clarify its approach to analysing mergers. Picture: REUTERS

SABMiller asks employees to pause process of integrating operations with Anheuser-Busch InBev as the brewer’s board weighs sweetened offer

Labour

Taxi drivers to earn a minimum of R3,218.57 a month from August

Noord Street taxi rank in Johannesburg is part of a much larger system that has democratised the movement of people. Picture: SUNDAY TIMES/ERIC MALEMA

The Department of Labour has lifted minimum wages for the taxi sector an average of 6.2% from the beginning of August

Energy

Fill your tanks now before chemical workers’ pay strike, AA warns

The combined fuel levies will add R4.43 to the price of a litre of fuel. Picture: THE TIMES

The AA expects the strike to affect all refineries and petroleum company depots, but not petrol pump attendants

Land & Agriculture

Better maize crop forecast could lead to food inflation easing

Maize. Picture: FINANCIAL MAIL

Severe drought in the main maize and oilseed production areas of the North West and Free State sparked a jump in prices earlier in 2016

Financial Services

Get ready to use your fingerprints to make bank withdrawals

Picture: ISTOCK

It might not be long in coming, following the approval of new biometric standards to identify cardholders at banks and shops

Land & Agriculture

Better maize crop forecast could lead to food inflation easing

Maize. Picture: FINANCIAL MAIL

Severe drought in the main maize and oilseed production areas of the North West and Free State sparked a jump in prices earlier in 2016

National

De Lille has to get nod for energy acquisition

Patricia de Lille. Picture: TREVOR SAMSON

Battle lines are drawn on renewable energy procurement as regulator Nersa makes it clear power lies with the minister

Christo Wiese. Picture: FINANCIAL MAIL

WATCH: SA’s wealthiest people

Forbes magazine’s has published its annual rankings of the world’s wealthiest individuals and only seven South Africans have made the cut

Sage

The three steps to successful chemical inventory control

Companies can manage their inventory better if they start planning for true demand, optimise their inventory and use effective reporting systems to determine success

Featured Partner

Opinion

THICK END OF THE WEDGE: Apartheid relic Eskom holds back transformation

Monopolies have the same effect on economies as cartels: they charge what they like and inhibit competition, writes Peter Bruce

Opinion

Law: Arbitration bill the first step towards investment repair

Picture: THINKSTOCK

It is an opportune time for SA to opt into the international standard for the resolution of disputes, write Peter Leon and Ben Winks

African Business

Global body urges Africa to increase spectrum offering

The lack of spectrum has hampered the rapid deployment of faster wireless network infrastructure in many parts of Africa, including SA.  Picture: REUTERS

The lack of spectrum has hampered the rapid deployment of faster wireless network infrastructure in many parts of Africa, including SA

Energy

IPPs are still a key part of SA’s energy policy, says Pravin Gordhan

Picture: BEKEZELA PHAKATHI

The finance minister says the renewable energy programme has shown the attractive investment environment the government can offer

Energy

Eskom’s about-face on independent producers will be studied — after election

Picture: REUTERS/SIPHIWE SIBEKO

While the government is enthusiastic about independently produced power, Eskom is refusing to sign any more procurement agreements without ‘engagement’

Management

Three steps for getting teams with different subcultures to collaborate

Picture: THINKSTOCK

Organisations often have many cultures and collaboration requires working across cultures effectively

Transport & Tourism

Cheap and cheerful SA’s tourism sector a bright spot in the economic slough

Picture: SUNDAY TIMES

With visas now easier to obtain through tour operators, Chinese numbers were 50% higher in May than a year earlier while those from India rose 37%

Picture: SUNDAY TIMES

Wind power could breathe new life into Africa’s energy economy

Wind energy projects could generate more than R5bn in revenue for local economic development over the next 20 years, writes Janek Winand

Retail & Consumer

Funds gear up for SABMiller assets sale

OFFERS: Anheuser-Busch InBev’s headquarters in Leuven, Belgium. It has offered to sell SABMiller’s European business to facilitate the takeover. Picture: REUTERS

US and European buyout funds gearing up for SABMiller’s sale of its Central and Eastern European beer brand

Management

Enneagram helps with personnel management

The enneagram, which depicts nine personality types, can be used in personal growth and in businesses. Picture: SUPPLIED

An enneagram delineates personality types and can help place employees where they are best suited in the workplace, writes Vanessa Rogers

Energy

Sasol ready for strike in petroleum sector

Picture: BUSINESS DAY

Sasol says it has contingency plans in place as about 15,000 Ceppwawu workers down tools over wage demands

Business

WATCH: Why being a crook is the order of the day

Mark Barnes. Picture: FINANCIAL MAIL

It doesn’t matter how you make your money, but if you earn a lot of it, you earn respect, says SA Post Office CEO Mark Barnes

Financial Services

Providing SA with access to foreign private equity

Picture: ISTOCK

Universal Partners to seek secondary listing on JSE’s alternative exchange after raising funds from private placing of its shares

Opinion

Wind power could breathe new life into Africa’s energy economy

Picture: SUNDAY TIMES

Wind energy projects could generate more than R5bn in revenue for local economic development over the next 20 years, writes Janek Winand

Mining

Barrick Gold is considering selling its stake in Acacia, say sources

Picture: REUTERS/RICARDO ROJAS

The world’s largest gold producer has approached several South African miners, according to sources familiar with the situation

Financial Services

Universal Partners to list on AltX and then seek investments

Picture: ISTOCK

The Mauritian-based company secures anchor investors' commitments but still lacks target assets for the R1bn it plans to raise from the IPO

Business

Analysts see Brexit buying opportunity for Growthpoint and peers

Picture: THINKSTOCK

While some JSE-listed property funds have taken a hit from UK exposure, others could benefit - though it may be too soon to make UK commitments

Telecoms & Technology

Telkom rings mobile use changes

Telkom CEO Sipho Maseko. Picture: FREDDY MAVUNDA

New data-driven packages point to a shift in customer needs, writes Thabiso Mochiko

Business

‘Twin peaks bill’ gets good response from banking interests

HUNDREDS OF COMMENTS: The informally named twin peaks bill will go back to Parliament in August. Organisations representing the banks and savers have already expressed their views on the bill. Picture: THE TIMES

Banking Association SA submits more than 100 comments on the bill and expresses concerns about the proposed legislation’s wording

Management

WATCH: Training and development vital in small businesses

Picture: THINKSTOCK

Raizcorp training manager Yazmeen Alli says that small businesses do not cut their costs by not developing their staff

Industrials

June sees first year on year increase in local steel production for 2016

FIERY:  Chinese steel mills have ramped up production to take advantage of a spurt higher in prices that has given them the best profits this decade. However, output  remaining at such elevated levels definitely adds to oversupply risks on the global market. according to an analyst. Picture: REUTERS

South African steel production rises 6.9% year on year in June to 545,000 tons, according to World Steel Association

Opinion

Right energy mix is what matters

Eskom doesn’t want you to know a mix of new-build renewables and gas is now cheaper than the proposed mix of existing coal and new coal and nuclear builds

Standard Bank

JSE Sens

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