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Mineral Resources Minister Mosebenzi Zwane delivers the opening address at the Mining Indaba in Cape Town on Monday.  Picture: TREVOR SAMSON

Government will heed pleas for regulatory certainty, Zwane tells Mining Indaba

Mineral Resources Minister Mosebenzi Zwane says his department will finalise amendments to the law ‘as a matter of urgency’

Economy

South African consumers say SA in recession, according to survey

Picture: THINKSTOCK

Of those surveyed, 83% said they had changed their spending patterns due to economic woes, and spent less on takeaways, new clothes and home entertainment

Trade & Industry

US opens up for more of SA’s goods

Rob Davies. Picture: GCIS

Agoa thaw leads to discussion on access for more farm produce to enter US market duty free under trade accord

Mining

Mining industry has itself to blame for glut, says Cutifani

Anglo CEO Mark Cutifani.  Picture: REUTERS/MARK WESSLES

Anglo American CEO Mark Cutifani does not expect a reversal of the commodities price slump any time soon and says 2016 looks set to be the ‘most challenging yet’

Mining

SA’s mining sector has bled 47,000 jobs in three years

The bill confirms the practice of allowing investors, including mining houses, to freely repatriate returns, subject to taxation and applicable legislation.  Picture:MARIANNE PRETORIUS

Chamber of Mines CEO Roger Baxter says costs have risen 20% a year, driven mostly by electricity prices, putting large swathes of production under water

National

Presidency in race to placate Cosatu on tax

Jeff Radebe. Picture: GCIS

Possible delay of March 1 launch date would require law amendment be rushed through Parliament and signed off by President Jacob Zuma

Mining

Pakistan power giant favours SA as source

Picture: THINKSTOCK

Pakistan's biggest sources of power in the next decade expected to be coal and imported liquefied natural gas, with numerous coal-fired projects in planning stage

Property

Delays rob student housing providers of rent

Students at the Vaal University of Technology. A freeze in fees means more students, who will need more accommodation, industry professionals say.  Picture: SOWETAN

Protests and registration delays leave student housing providers out of pocket even as overall bed shortage grows

Opinion

STRAIGHT TALK: Ever had that deflated feeling?

Even stock markets are experiencing year-on-year negative returns. Unheard of, it won’t last! But it could

Picture: THINKSTOCK

Pros and cons of the new tax law on pension payouts

New tax law governing pension fund payouts is well intended but could infringe on the ability of retirees to participate meaningfully in economy, writes Bridgette Mokoetle

KPMG

KPMG Mining Risk Survey: SA’s long-term fundamentals are strong

There is room for optimism about the future of the local mining sector, despite the economic, political and industrial challenges facing SA

Featured partner

Energy

Tax experts unimpressed with solar energy incentive

Solar energy. Picture: REUTERS/REGIS DUVIGNAU

Deloitte says an additional tax deduction, rather than an accelerated one, would be more effective in encouraging the adoption of solar energy

Telecoms & Technology

Information and communication technology ‘not a national priority’

Picture: THINKSTOCK

A new study focused on the Western Cape shows massive leadership discontinuity in the ICT sector, with at least six ministers of communications having served since 2009

Management

Seven tips for firing someone the right way

Picture: SHUTTERSTOCK

Here are seven tips on the best way to decide to let a low performer go

Opinion

ON WORK: Liberating gloves-off retort to advertiser’s threat after column

Whiff of whiplash-smart Whitman behind marketing and communications at Hewlett Packard Enterprise

Business meeting. Picture: ISTOCK

Want to know if a potential hire is civil? Ask your firm’s receptionist

To avoid the massive cost of a toxic employee, speak to other people who have worked with him or her about past behaviour

Mining

Coega is best-connected industrial or special economic zone in Africa

South African-built FAW trucks outside the plant in the Coega IDZ.  Picture: FAW SA

Few commodity exporters have invested in their infrastructure like SA has to provide a foundation for the beneficiation of minerals, writes Sadick Davids

Transport & Tourism

Further visa concessions possible for travellers from Russia, India and China

Mkuseli Apleni, left.  Picture: SOWETAN

SA is considering granting visas on arrival to travellers with permits in their passports to travel to countries that impose ‘stringent checks on visitors’

Land & Agriculture

Bitter harvest as dry spell squeezes sugar cane farmers

Trix Trikam. Picture: SUNDAY TIMES

South Africa sugar cane crop at lowest in 21 years as industry battles crippling drought

National

Business leaders to share lunch and concerns with president

Jacob Zuma. Picture: BLOOMBERG/WALDO SWIEGERS

Jacob Zuma’s luncheon follows meeting with 60 CEOs hosted by Finance Minister Pravin Gordhan to find a way to avert a sovereign debt downgrade

Land & Agriculture

Food costs fall to lowest since 2009

Women work in a cauliflower field in Kolkata, India, on Thursday.  Picture: REUTERS

United Nations says factors behind the decline in food-commodity prices are ample agricultural supply, a slowing global economy and a stronger dollar

Transport & Tourism

Nationwide hits broke SAA with damages suit

Picture: THINKSTOCK

Defunct carrier Nationwide Airlines seeks R325m in damages over SAA’s abuse of dominant position

Energy

Eskom updates system ahead of hearings

Brian Molefe. Picture: TREVOR SAMSON

CE Brian Molefe says utility has clocked up almost six months without load shedding and trend set to continue

Business

Cartel watchdog gets World Bank nod

Picture: THINKSTOCK

SA’s competition bodies not doing too badly in opening up closed markets, writes Hilary Joffe

Economy

Conditions in private sector still deteriorating but at a slower pace

Deputy competition commissioner Trudi Makhaya.

Business confidence levels remain weak, which will translate into lower spending on investment and job creation and subsequently in low growth

Financial Services

Banking Association SA unhappy with provisions in financial bill

Banking Association of South Africa MD Cas Coovadia. Picture: FINANCIAL MAIL

The Financial Intelligence Centre Amendment Bill will require that banks give special scrutiny to politically influential individuals

Financial Services

Banks resist tighter surveillance of VIPs

Picture: THINKSTOCK

Definition proposed in Fica amendment broader than ‘politically exposed persons’ used internationally

Energy

Eskom’s need to reduce costs puts coal under the spotlight

Eskom Medupi power station.

Department of Mineral Resources is concerned about containing electricity cost increases to avoid undermining competitiveness and development

Opinion & Analysis

Insurers need more data to combat overregulation

Picture: THINKSTOCK

There is no empirical evidence to support malpractice allegations that seem to demand all this costly bureaucratic intervention, writes Gerrit J Sandrock

Industrials

Quality sacrificed for pricing in infrastructure projects

Lynne Pretorius. Picture: SUPPLIED

Private sector needs to raise investment in public infrastructure to alleviate strain as state’s coffers run dry

Retail & Consumer

Hipster culture gives firms a run for money

Picture: ISTOCK

Younger consumers are rejecting big companies in search of alternatives, write Scheherazade Daneshkhu and Lindsay Whipp

Energy

Black businesses seek greater participation in nuclear build programme

Picture: THINKSTOCK

The Nuclear Energy Corporation of SA and the Black Business Council have created a business nuclear energy desk

Management

Now job hoppers calling the tune

Teenagers’ love of electronic devices, especially smartphones, makes it easy for their parents to snoop on them. Picture: THINKSTOCK

Losing and acquiring new employees is costly, even more so for management jobs, writes Sarah Grant

Industrials

Metals sector to see structural shifts

Steel coils.  Picture: BLOOMBERG

As globalisation speeds up South Africa must upgrade plants, stabilise supply and ensuring high-quality product

Opinion

Pros and cons of the new tax law on pension payouts

Picture: THINKSTOCK

New tax law governing pension fund payouts is well intended but could infringe on the ability of retirees to participate meaningfully in economy

Mining

Emerging coal exporters face tough year ahead

Picture: REUTERS/DANIEL BECERRIL

Department of Mineral Resource offers some relief for junior miners who fall short of Eskom’s Quattro coal concession

Land & Agriculture

SA will not declare national disaster over drought

Picture: REUTERS/SIPHIWE SIBEKO

Government will not declare national disaster in response to worst drought in a century as it hopes ample late rains will continue to improve situation, says deputy minister of agriculture Bheki Cele

Opinion

ANC claims do not gel with policies

Gwede Mantashe. Picture: RUSSELL ROBERTS

Land reform might be central to government’s ideological objectives, but it cannot serve as centrepiece of serious economic reform policy, writes Frans Cronje

Opinion

KPMG explanation on SARS mess is as clear as mud

SARS made decisions based on report even as raft of drafts still flowed between KPMG and tax office

Transport & Tourism

Tourism ‘will take years to recover’ from visa issues

Picture: SUNDAY TIMES

Tourism industry boss welcomes South African visa regulatory concessions but says the industry will take years to recover from onerous requirements

Financial Services

Offshore funds burst through Reserve Bank limits

Picture: THINKSTOCK

Currency plunge has caused bulge in foreign investment portfolios, writes Moyagabo Maake

Financial Services

Treasury lends bankers an ear on finance act

Rand SA flag. Picture: THINKSTOCK

Top Treasury official warns South Africa has fallen behind international best practice

Retail & Consumer

Milk glut sees cut in price and earnings

Picture: THINKSTOCK

Current oversupply of milk is good news for consumers, who can expect to pay lower prices, but not for shareholders of Clover Industries

Land & Agriculture

A quarter less maize than last year likely to be reaped in SA in 2016

Picture: RUSSELL ROBERTS

The forecast harvest, which the Crop Estimates Committee says will be the smallest crop since 2007, is 8.5% above market expectations of 6.86-million tonnes

Business

SA failing at supporting global innovation through domestic policy

Picture: THINKSTOCK

A new ITIF report urges policy makers to treat innovation as being as important as trade for optimising global growth

Land & Agriculture

Drought and poor control of boreholes add to crisis

Picture: THINKSTOCK

Dwindling water resources coupled with poor management of boreholes threaten country’s underground water supply

Land & Agriculture

Wine industry urged to innovate

Picture: ISTOCK

Wine makers urged to call ‘retail gatekeepers on your side and use native varietals’ to combat tough time ahead

Energy

Eskom gets tough with defaulting local governments

Picture: THINKSTOCK

Utility says five Northern Cape municipalities will be disconnected during peak-time electricity supply as they have defaulted on payment terms and arrangements

Property

Affordability is likely to be theme for property market in 2016

Picture: THINKSTOCK

Seeff Properties says market will absorb 50 basis point rate hike, but there will be a knock-on effect and first-time buyers will battle to get finance

Land & Agriculture

SA may face costly sorghum imports

Agriculture tractor. Picture: THINKSTOCK

Country poised to import significant amount of the grain with hefty price tag due to sharp depreciation of rand

Financial Services

New index launched to foster national savings culture

Picture: THINKSTOCK

Savings rate of 28% will help South Africa meet 5% growth rate aspired to in National Development Plan

Innovation

Local firm corners bike wheel market

Terry Annecke and Gary Turner in the BlackStone Tek Johannesburg factory. BST supplies aftermarket wheels for well-known and original equipment manufacturer motorcycle brands. Picture: SUE GRANT-MARSHALL

BlackStone Tek breaks mould with low-weight, high-strength carbon fibre wheels in ‘handmade’ industrialised process, writes Sue Grant-Marshall

Economy

SA scores high on policy uncertainty index

Picture: GALLO IMAGES/LISA HNATOWICZ

The sacking of Nhlanhla Nene, an interest-rate hike in November and negative assessments by rating agencies have all contributed to uncertainty

Health

Motsoaledi does not want NHI to limit choices

GO-TO MAN:  Health Minister Aaron Motsoaledi needs to come to the aid of the pharmaceuticals industry by making an extraordinary price adjustment for private sector medicines, the industry says. Picture: SUNDAY TIMES

Health Minister Aaron Motsoaledi signals strong future role for private healthcare in spite of controversial National Health Insurance proposals

Transport & Tourism

SAA axes unprofitable JHB-Abu Dhabi route

A South African Airways Airbus A320. Picture: SAA

SAA ceases route between Johannesburg and Abu Dhabi improve the financial performance

Standard Bank

JSE Sens

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