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Financial Services

Old Mutual confirms Affiliated Managers Group deal

Old Mutual. Picture: BLOOMBERG/SIMON DAWSON
48 minute(s) ago

Says it has been approached to sell its stake in Old Mutual Asset Management, but there is no certainty that this will lead to a transaction

Politics

IEC called to brief Parliament on state of readiness for election

Picture: REUTERS/MIKE HUTCHINGS
1 hour(s) ago

This was deemed necessary because of the number of recent court cases about the upcoming local government elections involving the IEC

Healthcare

Ascendis Health acquires two companies in Europe

Ascendis CEO Karsten Wellner. Picture: TREVOR SAMSON
1 hour(s) ago

It is buying Cyprus-based pharmaceutical company Remedica and sports nutrition company Scitec, which operates in nearly 90 countries worldwide

Retail & Consumer

Tiger Brands’ profit jumps on turnover growth

Lawrence MacDougall. Picture: JASON RIKER
1 hour(s) ago

CEO says significant inflation in raw material inputs and intense competition adversely affected volumes and margins

Financial Services

Brait net asset value per share up 80%

Customers take a break at Virgin Active's Soweto gym. Picture: THE TIMES
1 hour(s) ago

Increase attributed to weakening of the rand against the British pound and strong operation performance by the companies in its portfolio

Financial Services

PIC seeks black buyers for Barclays

Barclays. Picture: AFP PHOTO/NIKLAS HALLEN
4 hour(s) ago

Public Investment Corporation confirms it is in exploratory talks with billionaire Patrice Motsepe and others

Industrials

PPC downgrade warning hits stock

Picture: SUPPLIED
4 hour(s) ago

SA’s biggest cement producer spooks market with an impending credit downgrade warning and planned capital raising

National

Appeal looks beyond Zuma case, says NPA

CONFLICT: National Prosecuting Authority head Shaun Abrahams has to deal with court cases that threaten the leadership. Picture: SUNDAY TIMES
4 hour(s) ago

Prosecutions head Shaun Abrahams insists important principles are at stake in ‘spy tapes’ appeal

National

Zuma man Willies Mchunu takes helm as KwaZulu-Natal’s new premier

Willies Mchunu, left, shares a light moment with President Jacob Zuma in this March 2013 file photo.  Picture: SUNDAY TIMES
13 hour(s) ago

The new leader is not new to power struggles with axed KwaZulu-Natal premier Senzo Mchunu

Minister of Finance Pravin Gordhan during his speech at a fund raising dinner in Chatsworth on Saturday night. Picture: THULI DLAMINI

EDITORIAL: Intimidation will prove costly

There is a risk of a downgrade if the Treasury team is threatened

Columnists

Not enough is said of how the private sector can further the goals of inclusive growth, writes Trudi Makhaya

Business must do more to spread benefits

Columnists

Film characters offer worthy information. Take a look at Forrest Gump or Master Yoda, writes Michel Pireu

Investing
is a box of
chocolates

Mining

De Beers’ diamond sales dip in fourth sales cycle

Picture: THINKSTOCK
25 minute(s) ago

Anglo American says De Beers sold about $630m worth of rough stones, 5% down from the $666m sold in its third sales cycle

National

Jiba trials set to continue after court throws out DA challenge

Nomgcobo Jiba. Picture: SOWETAN
4 hour(s) ago

Senior prosecutor Nomgcobo Jiba still faces an appeal and three more court cases

Energy

Off-grid solar solutions bring electricity to rural areas

Renewable energy programmes aim to bring power to SA’s most remote locations. File picture: CIRCA
4 hour(s) ago

The ‘pay as you go’ solar power market is being served by companies such as M-Kopa and Mobisol

Financial Services

Standard Bank blames sophisticated and co-ordinated syndicate for heist

Picture: SUNDAY TIMES
4 hour(s) ago

Reports in Japan say about 100 individuals hit 1,400 ATMs in just three hours to make off with about R300m

Transport & Tourism

Task teams formed to try to resolve SAA pay deadlock

IT’S LIKE THIS:  Federation of Unions of SA general secretary Dennis George makes a point. Picture: ROBERT TSHABALALA
4 hour(s) ago

Parties streamline representative teams to push forward talks on resolving the crisis at South African Airways

Media

SABC chief still at helm despite denial of appeal

Hlaudi Motsoeneng. Picture: MARTIN RHODES
19 hour(s) ago

In the latest court action against Hlaudi Motsoeneng the High Court in Cape Town rules out leave to appeal a ruling on his dismissal

Residents of Ga-Rankuwa, north of Pretoria, marched to the City of Tshwane offices in a service-delivery protest in March. Picture: SOWETAN

Tshwane key battleground in local polls

ANC is struggling for unity in the metro, which is by far the largest in Gauteng, writes Karl Gernetzky

African News

Pressure builds for Democratic Republic of Congo election

Joseph Kabila. Picture: REUTERS/CARLO ALLEGRI
8 minute(s) ago

The delay in elections has raised fears among the DRC’s international allies that it could be moving towards a violent collapse

Middle East

IS blasts in Syria regime heartland kill more than 148

Syrians gather at the site of multiple bombings that left tens dead in the northern coastal city of Jableh, between Latakia and Tartus on Monday. Picture: AFP PHOTO
17 minute(s) ago

Seven near-simultaneous explosions targeted bus stations, hospitals and other civilian sites in the seaside cities of Jableh and Tartus

Americas

Democrats, seeking unity, give Sanders say in party platform

Democratic presidential candidate Bernie Sanders speaks during a campaign rally at West High School on Monday in Salt Lake City, Utah. Picture: AFP
45 minute(s) ago

Divisiveness among the Democrats stands in contrast to the Republicans, whose party leaders are slowly rallying behind Donald Trump, their presumptive nominee

Europe

Eurozone ministers seek debt deal for Greece

The Greek and the European Union flags flutter in front of Maximos Mansion at the Prime Minister offices, in Athens, Greece, on Monday.  Picture: REUTERS
39 minute(s) ago

Greece urgently needs bailout money to repay loans to the European Central Bank International Monetary Fund

African Business

Mozambique heads for default after missing loan repayment deadline

Mozambique purchase of patrol boats with a loan meant for a new fleet of tuna fishing boats and an attempt to restructure the loan has plunged the transaction into a multimillion-dollar international controversy. Picture: JEREMY GLYN
55 minute(s) ago

Source says Mozambique Asset Management was unable to make the $178m payment and the government was also unable to come up with the cash

Europe

Brexit may cause recession, UK Treasury says

George Osborne. Picture: BLOOMBERG/SIMON DAWSON
4 hour(s) ago

UK government issues starkest warning yet about dangers of vote to leave the EU in June 23 referendum

Retail & Consumer

Pioneer apprehensive about growth

Picture: THINKSTOCK
4 hour(s) ago

Food company Pioneer reflects the difficult conditions lower-end consumers face, while the upper middle-class niche drives impressive growth at Rhodes

Americas

Corruption scandal throws Brazil’s interim government into disarray

The silhouette of a demonstrator in support of Brazilian President Dilma Rousseff is seen on a sign outside the signing ceremony on climate change at the UN Headquarters in Manhattan. Ms Rousseff is accused of using illegal state loans to boost public spending. Picture: REUTERS
28 minute(s) ago

Planning Minister steps after a leaked recording of him apparently discussing using Dilma Rousseff’s impeachment to derail a corruption probe

Americas

Facebook makes changes to avoid political bias

Picture: REUTERS
1 hour(s) ago

It updated guidelines terminology and gave reviewers refresher training that emphasised content decisions may not be based on politics or ideology

Economy

Revised GDP data reveals slower growth

Picture: THINKSTOCK
4 hour(s) ago

The revised data show GDP growth at a seasonally adjusted and annualised 0.4% in the fourth quarter of 2015 from 0.6%

Education

State proposes new rules for school posts

REFORM:  The Department of Basic Education has proposed that the minister be empowered to prescribe how the hiring of teachers should be done. File picture: THE TIMES
4 hour(s) ago

The Department of Basic Education has proposed new rules for the appointments of teachers after an investigation found senior posts were being sold

Economy

Ratings agency reprieve ‘is probable and plausible’

Standard and Poors. Picture: REUTERS
4 hour(s) ago

Economists say an S&P downgrade is not a done deal but SA must show it means business to avoid cuts in December

Industrials

Mpact’s profit warning sends share plunging

Picture: THINKSTOCK
4 hour(s) ago

Group attributes expected plunge in profitability to lower sales of container board, higher finance costs, a slower-than-expected ramp-up of its Mpact Polymers plastic drink bottles business, and a higher effective tax rate

Property

High demand for Balwin’s sectional title houses

A townhouse complex in Ruimsig. Picture: SYDNEY SESHIBEDI/THE TIMES
4 hour(s) ago

The property company has benefited enormously from an urban shift away from traditional home ownership to smaller units

View more

Cartoons

Roadside billboards are used for out-of-home advertising. Technology is now able to measure who is passing these sites. Picture: THE TIMES

Innovative ways to get the message across

Satellites and other forms of technology take the guesswork out of ad exposure measures and allow companies to track who sees their roadside billboards, writes David Furlonger

Arts & Entertainment

Team SA goes big at Cannes to showcase local film industry

Mayenzeke Baza and Pascal Schmitz at Cannes. Picture: AAA ENTERTAINMENT
22 hour(s) ago

The National Film and Video Foundation has bought prominent advertising space at the Cannes Film Festival to entice more people into watching SA’s features

Management

Six tips for breaking your work addiction

Picture: ISTOCK
42 minute(s) ago

Just because working a lot feels good to many people does not mean it is good for you, so how do you break the cycle?

Arts & Entertainment

Iron Maiden puts on multimedia metal spectacle after 20-year wait

British heavy metal band Iron Maiden performing during The Book of Souls World Tour in Buenos Aires on March 15 2016. Picture: AFP PHOTO
15 hour(s) ago

It took a while to get going, but a few songs into the show the band was rocking as if it was back in the 80s, at the height of its power, writes Alistair Anderson

Opinion

VRROOM WITH A VIEW: Passat is a vote in the right direction

In an era of political madness and tough times Volkswagen offers a stylish new Passat that makes sense

IN: Jose Mourinho is expected to be confirmed as Manchester United manager. Picture: EPA

Are Mourinho and United the perfect match?

Jose Mourinho delivers wins but United fans used to an attacking flair and young players will be disappointed

Other Sport

Garcia equals Ballesteros record

5 hour(s) ago

Sergio Garcia displays shades of Seve Ballesteros on his way to victory at the AT&T Byron Nelson in Texas

Other Sport

Winter Breeze offers Strydom good start

Picture: ISTOCK
5 hour(s) ago

After being sidelined for several weeks with a broken collarbone, top jockey Piere Strydom returns to the saddle

Cricket

IPL players ‘will not be rusty’ for Caribbean series

FRESH: Kagiso Rabada has not been dashing about in India. Picture: GALLO
5 hour(s) ago

Only four of South Africa’s squad of 15 are not plying their trade in India, while four Australians will also come in from the cold to go to the Caribbean

Soccer

Van Gaal axed by United as Mourinho waits in wings

Louis Van Gaal. Picture: REUTERS/CARL RECINE
10 hour(s) ago

United’s failure to qualify for the lucrative Champions League seals Louis Van Gaal’s fate

Rugby

Stormers must get clever to secure a playoff berth

Picture: THINKSTOCK
5 hour(s) ago

Stormers’ deficit in defence and attack against the Bulls needs attention as the playoff competition quickens

Rugby

Lack of killer instinct handicaps Blitzboks

ALSO-RANS: The Blitzboks before their Cup final against Scotland who stunned the South Africans to win their first Sevens trophy. Picture: GETTY IMAGES/ROGER SEDRES
5 hour(s) ago

Mental barriers loom before Olympic Games

Opinion

Sponsor banks on unifying power of cricket in the land

Standard Bank insists it never lost its passion for cricket but that a realignment of priorities was necessary to make a return possible

Standard Bank

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The Third Umpire

Irish golfer Rory McIlroy, who won the Irish Open for the first time on Sunday with a final round of 69. On an emotional high, the 27-year-old world No3 promptly donated the entire R12m in prize money to a number of charities.

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The NDPP’s rather wordy news conference did not cast much light on matters, but Finance Minister Pravin Gordhan has at least been reassured that neither the Hawks nor the NPA are about to have him arrested.

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Defence Minister Nosiviwe Mapisa-Nqakula. Whatever her motive, using a VIP flight to smuggle a foreign national into the country without the proper documentation smacks of impunity. So much for accountability.

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