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Business

Government’s BEE policy creates middlemen

ANC MP Ben Turok. Picture: FINANCIAL MAIL

Middlemen tend to import supplies at the expense of the local industry, particularly the capital goods industry, says Ben Turok

Trade & Industry

SA sticks to its guns over Sacu revenue deal

Finance minister Nhlanhla Nene briefs the standing committee on finance, in Parliament, on Tuesday. Picture:TREVOR SAMSON

SA is the ‘the cash cow’ in the regional accord and encounters resistance when it raises issues, says Nhlanhla Nene

Mining

Aurora directors took ‘calculated risk’

Controversial businessman and nephew of President Jacob Zuma, Khulubuse Zuma, arrives for his uncle's inauguration ceremony at the Union Buildings in Pretoria on Saturday. Picture: AFP PHOTO/POOL/MUJAHID SAFODIEN

Liquidators hope to ultimately recover about R1,5bn — which they say was lost due to the actions of Aurora

Transport & Tourism

Team to review future structure of bus contracts

Putco bus. Picture: GALLO IMAGES

Subsidies said to be insufficent to keep commuters’ costs below 10% of their income on transport as envisioned

Trade & Industry

SA motor industry offers ‘safe investment’

Picture: THINKSTOCK

Vehicle manufacturers forecast to invest another R7.5bn in SA this year, writes David Furlonger

Opinion

REVIEW: Shifting quicksands of land drama

Rural Development and Land Reform Minister Gugile Nkwinti with Nongenile Adonis of Ngqamakhwe in August last year. Adonis was representing 194 families from Mantunzeleni community in Ngqamakhwe in the Eastern Cape in their joint community land claim.  Picture: DAILY DISPATCH

The most destructive aspect of land policy is not threats of expropriation and the rights conflicts that could ensue, but the fact the government keeps shifting the goal posts

Picture: THINKSTOCK

Relief for retailers as consumer pressure lifts

Retail sales volumes recover during the first quarter of the year, notably in lower-middle income segment

Standard Bank

Efficiency remains a priority for agriculture in 2015 and beyond

Nico Groenewald, head of agribusiness at Standard Bank. Picture: STANDARD BANK

Farmers need to remain tightly focused on improving efficiencies this year, despite lower fuel prices, favourable weather that has resulted in good crops

Featured Partner

Transport & Tourism

Tourism to outpace SA growth, says global body

Tourists enjoy the sun on the beach during a summer day in Ballito on the KwaZulu-Natal north coast. Picture: SUNDAY TIMES

SA’s travel and tourism industry contributes R357bn in GDP and accounts for 1.5-million jobs, says council

Land & Agriculture

Lower quality wheat will boost production

Picture: THINKSTOCK

Farmers in some provinces substitute the grain for more-profitable, higher-yielding crops such as maize

National

SARS boss to set up own probe unit

SARS commissioner Tom Moyane at Parliament’s finance committee in Cape Town on Wednesday. Picture: TREVOR SAMSON

Commissioner Tom Moyane insists the planned unit will be nothing like the illegal, covert, ‘rogue’ outfit he disbanded

Picture: THINKSTOCK

Big banks set to ‘stay profitable’

FirstRand, Standard Bank, Barclays Africa and Nedbank all grow headline earnings despite weak economic growth

Media & Advertising

Set-top box tender delayed by review

Picture: THINKSTOCK

Multibillion-rand set-top box manufacturing tender to be reviewed to fix technical aspects because it was issued before the policy was finalised

Management

How to ask your manager for a raise

Picture: THE NEW YORK TIMES/TONY CENICOLA

When talking to your boss about an increase in your salary be prepared, choose the right moment, practise, be confident, look forwards not backwards

Telecoms & Technology

Eight ways to chase people away using social media

An employee works near a sign at Twitter headquarters in San Francisco, California, US, earlier this month.  Picture: REUTERS

To make good impression on targeted prospects, be ready to respond to Tweets, other online mentions with right information

Management

Best data analyst may well have PhD in black holes

In hiring a data analyst, a company should clarify what it wants in terms of specialist analytical skills and industry expertise. File picture: REUTERS

Data analysis becomes pointless if you cannot use it to help your business go where you want it to go

Energy

NUM calls for Eskom’s Tsotsi to be fired

Zola Tsotsi. Picture: RUSSELL ROBERTS

National Union of Mineworkers asks Public Enterprises Minister Lynne Brown to fire chairman Zola Tsotsi after board passes motion of no confidence in him

Transport & Tourism

SA Tourism banks on business events

Picture: THINKSTOCK

SA Tourism chief says SA remains the No 1 convention destination in Africa and the Middle East

Business

Collars for cartel watchdogs

Acting competition commissioner Tembinkosi Bonakele. Picture: FINANCIAL MAIL

SA’s competition authorities fight on many fronts, writes Amanda Visser

Management

Seven ways to get people’s attention

Picture: THE NEW YORK TIMES/TONY CENICOLA

Effective managers use triggers, including automaticity, disruption, reward, mystery, to spotlight ideas, projects, teams

Business Times

Now Eskom keeps everyone in the dark

Lynne Brown and Tshediso Matona. Picture: TREVOR SAMSON

Business is fed up with government’s refusal to provide reasons for suspension of top Eskom executives, writes Chris Barron

Business Times

NEF chair tipped for Sasfin deal

Sasfin CEO Roland Sassoon. Picture: FINANCIAL MAIL

National Empowerment Fund chairman Rakesh Garach appears to be a frontrunner in the impending black empowerment deal with niche bank Sasfin

Business Times

Backstage at Medupi, specs dispute drags on

Eskom Medupi power station.

Ill-tempered disputes are still being waged over the quality of the work in the Medupi unit’s vital boiler and its pipes

Opinion & Analysis

Capital won't necessarily grow better outside JSE

Picture: THINKSTOCK

Some investors seem to be operating under the mistaken belief that their capital would grow more elsewhere, writes Warren Ingram

Land & Agriculture

SA forced to import maize as drought destroys crops

Picture: THINKSTOCK

Country will need to import staple from Argentina, Ukraine, late rains at end of February not enough to salvage crops as most were already pollinated

Opinion

PAVLO’S PERSPECTIVE: Broad evaluation of suppliers can provide a competitive edge

In a competitive industry, the selection and performance of suppliers is crucial to sustained growth

Opinion

EDITORIAL: Tsotsi at heart of Eskom crisis

Eskom chairman Zola Tsotsi. Picture: FINANCIAL MAIL

Tsotsi’s chairmanship should have rung alarm bells long ago, given that many competent executives were driven out during his tenure

Telecoms & Technology

Cognition adds sport research to stable

Picture: THINKSTOCK

Consulting and research firm buys 63% of BMi Sport Group — its third acquisition in nine months

Law & Constitution

Expropriation Bill ‘lets courts gauge fair value’

Public Works Minister Thulas Nxesi. Picture: PUXLEY MAKGATHO

Intention of the bill is to bring the Expropriation Act in line with the constitution, says public works minister

Media & Advertising

Set-top box lobbyists’ gloves come off

BEAMING: A satellite dish at MultiChoice's headquarters in Johannesburg. Picture: THE TIMES

Gunmen disrupt meeting as two factions of the National Association of Manufacturers in Electronic Components embroiled in a scuffle, allegedly over the control of the organisation

Business Times

Consumer loan fiesta fizzles as banks put a cork in it

Banking customers. Picture: THINKSTOCK

If new figures from the Reserve Bank are any indication, the party for unsecured lenders has well and truly ended

Management

Seven ways to get people’s attention

Picture: THE NEW YORK TIMES/TONY CENICOLA

Effective managers use triggers, including automaticity, disruption, reward, mystery, to spotlight ideas, projects, teams

Energy

Tariff hikes will soon take effect, warns Eskom

Picture: THINKSTOCK

Power utility confirms power price increase to be implemented on April 1 2015

Business Times

Fish and chips liquidations raise a stink

Picture: THINKSTOCK

Hundreds of complainants now hoping that several applications to liquidate related businesses can be consolidated into one process to help them get their money back sooner

Opinion

Stress on consumers to stall growth

Picture: THINKSTOCK

Consumers will come under more pressure this year as fuel, electricity and food prices rise and taxes are hiked, making it unlikely that they will spend enough to inject much life into the ailing economy

Opinion

Saving SA’s poultry industry is worth doing

Picture: THINKSTOCK

Considering its pivotal role in the economy, particularly employment and food security, the poultry industry’s long-term sustainability needs to be prioritised

Energy

Request for Eskom tariff increase of more than 25%

Picture: THINKSTOCK

Government’s ‘war room’ team is behind the rush decision to apply for a ‘tariff reopener’

Media & Advertising

ANC seals ‘messy deal’ on set-top boxes

Faith  Muthambi. Picture: SIYABULELA DUDA

In a victory for the communications minister subsidised boxes are to be manufactured with minimal security features and no capability to encrypt broadcasting signals

Energy

Eskom, Alstom agree to terminate Kusile contract

UNDER CONSTRUCTION: Eskom's Kusile coal-fired power station in Mpumalanga.  Picture: SIKONATHI MANTSHANTSHA/MAKWENA MANAMELA

Cancellation will not, however, delay the completion of the plant, power utility says

Mining

De Beers expects sparkling demand for diamond finery

De Beers CEO Philippe Mellier.  Picture: SIMON DAWSON/BLOOMBERG

China and US provide critical underpin for the entire market, with Chinese diamond jewellery demand growing 110%

Trade & Industry

SA to withdraw from World Trade Organisation agreement

Picture: BUSINESS DAY

SA sidesteps Gats provision on consulting WTO member states on the contentious Private Security Industry Amendment Bill

Labour

SACP calls for a probe into layoffs at PetroSA

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

National oil company in talks with unions representing its 1,800 employees about plans to lay off about 40% of its staff

Financial Services

Banks stockpile fuel to hedge against more load shedding

Picture: RUSSELL ROBERTS

Keeping the banking system and ATM networks running in a blackout essential, says analyst

JSE Sens

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