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PIC chief investment officer Daniel Matjila. Picture: TREVOR SAMSON

PIC scores big in Vodacom stake buy

19 minute(s) ago

PIC secured itself a 10% discount when it came to the government’s rescue by buying its 13.9% stake in cellphone operator Vodacom

Industrials

Evraz may face liquidation as resources dwindle

Picture: THINKSTOCK
20 minute(s) ago

Possible liquidation despite the government undertaking to do 'everything in its power' to ensure that the company remained operational

Economy

New car sales dive as economy falters

Picture: THINKSTOCK
20 minute(s) ago

Outlook for domestic car sales this year remains unfavourable, say analysts at Nedbank

Media

CEO appointment above board, says SABC

SABC television studios in Auckland Park. The uptake of digital broadcasting technology will see an increase from three SABC channels to more than 10 channels. Picture: KEVIN SUTHERLAND
20 minute(s) ago

Latest ruction at South African Broadcasting Corporation centres on appointment of executive Hlaudi Motsoeneng 'favourite'

Transport & Tourism

SAA plans to save R900m through staff cuts

Picture: SUNDAY TIMES
21 minute(s) ago

Staff reduction plan part of a multi-pronged cost-cutting plan to save R2.2bn in the next three years at loss-making airline

Transport & Tourism

Prasa boss does U-turn on stepping down

Prasa CEO Lucky Montana. Picture: ARNOLD PRONTO
21 minute(s) ago

Lucky Montana calls bluff of nonexecutive chairman Popo Molefe and Transport Minister Dipuo Peters with the surprise announcement that he is willing to stay on

Transport & Tourism

New trains are on track — now race is on to run them

Picture: THINKSTOCK
21 minute(s) ago

Prasa due to spend R45bn over the next three years in upgrading infrastructure and getting ready for the new trains

Labour

Rebel unions to participate at Cosatu congress

Numsa president Andrew Chirwa addresses the media in November last year on the Cosatu crisis. Picture: PUXLEY MAKGATHO
21 minute(s) ago

Unions vow to put expulsions of Numsa and Zwelinzima Vavi at ‘centre stage’ amid perception of widespread support for both

Eskom CEO Brian Molefe. Picture: SUNDAY TIMES

Eskom's tariff application blew up over timing and future costs

The timing was never going to fly once the finance minister refused another extension, writes Hilary Joffe

Columnists

Coach who expects every boy to conform to his own cultural norms will never successfully field a racially diverse team, Liz McGregor

Fetish with professionalism holds up rugby development

Columnists

Michel Pireu: Assume that the ‘patient’ has died, and the question to be answered is why?

STREET DOGS: Premortems

National

Gauteng police watchdog head in nepotism probe

Picture: THINKSTOCK
21 minute(s) ago

Documents appear to show Ipid head Felicia Ntshangase chaired an interview panel despite being cited as a reference in the three candidates’ CVs

Mining

Xtract bets on gold in Mozambique

GOLD SMELTING: Job creation could best be achieved by industrial development. It was believed that manufacturing could employ a much higher proportion of workers than mining because of its greater need for skilled labour.  Picture: PIETER DE RAS
21 minute(s) ago

Miner focuses on Manica gold prospect in Mozambique as well as a copper dump retreatment project in Northern Cape

Property

Absa survey uncovers home truths about property buyers

Picture: THINKSTOCK
1 hour(s) ago

Price now trumps location, survey shows, but some aspirant homeowner will still make sacrifices for long-term ownership in good areas

Labour

Wage mediation starts for municipal workers

Municipal wage mediation begins on Thursday, with a strike looming if the process fails. Samwu strikes are often marked by violence, as seen in this incident in East London in 2011.  Picture: DAILY DISPATCH
1 hour(s) ago

Mediation will be between the South African Local Government Association, the South African Municipal Workers’ Union and the Independent Municipal and Allied Trade Union

LETTER FROM WASHINGTON: It’s not just about the flag, it’s about the banner

US President Barack Obama says removing the Confederate flag is not to insult the valour of fallen Confederate soldiers, but to acknowledge slavery was wrong, writes Simon Barber

Business

Almost 67,000 taxpayers submit returns via eFiling as tax season starts

Picture: SOWETAN
16 hour(s) ago

Tax season gets off to a positive start, with 67,231 tax returns filed since midnight‚ South African Revenue Service says

Property

Listed property regains edge over volatile equities

Picture: THINKSTOCK
22 minute(s) ago

Recovery for the South African listed property index impressive considering it lost nearly 10% of its value from the beginning of March

Mining

Amplats helps miners dig a way out of debt

GAME CHANGER: Amplats’s Rustenburg mine is among those up for sale, in a  development that will offer opportunities for transformation and black  ownership in the mining sector. Picture: SYDNEY SESHIBEDI, THE TIMES
40 minute(s) ago

Reducing repayments eases pressure on companies and employers, writes Allan Seccombe

Americas

End Cuban embargo, pleads Obama

The Chief of Mission at the US Interests Section in Havana, Jeffrey DeLaurentis, left,  meets Cuban interim Foreign Minister Marcelo Medina in Havana on Wednesday, after the official resumption of relations between the two countries. Picture:EPA/ALEJANDRO ERNESTO
43 minute(s) ago

US leader needs significant political momentum to get an ambassador to Cuba confirmed by the Republican-controlled Senate or the embargo lifted

Transport & Tourism

V&A Waterfront’s investment into cruise liner terminal ‘will boost tourism’

The Victoria & Alfred Waterfront in Cape Town. Picture: SUNDAY TIMES
14 hour(s) ago

Transnet National Ports Authority awards V&A status of preferred bidder for development of cruise liner terminal, saying project will ‘create jobs and strengthen tourism offering’

Trade & Industry

Government will buy local, but wants fair prices

Economic Development Minister Ebrahim Patel. Picture: TREVOR SAMSON
11 hour(s) ago

One way to improve procurement and ensure cost effectiveness was to stimulate domestic competition, says economic development minister

Transport & Tourism

New toll tariffs and caps kick in for
account holders

Sanral communications manager Vusi Mona. Picture: MARTIN RHODES
11 hour(s) ago

Sanral says government reduced tariffs after taking into account concerns of low- and middle-income users around transport budget issues

Telecoms & Technology

Phone coverage ‘on track’ for underground Gautrain

ALL ABOARD: Commuters wait to board the Gautrain at Rosebank station in Johannesburg. Picture: DANIEL BORN
10 hour(s) ago

MTN and Vodacom have installed network infrastructure at Johannesburg’s Park, Sandton and Rosebank stations, enabling subscribers to access data and voice services

Politics

Alliance resurrects Moseneke’s Zuma criticism

Deputy Chief Justice Dikgang Moseneke. Picture: MARTIN RHODES
21 minute(s) ago

Justice Dikgang Moseneke takes brunt of alliance meeting's criticism of 'overarching' judiciary, as parties identify blind spots included a disconnect between leaders and the masses, as well as a ‘crass display of wealth and arrogance’

Europe

Tsipras makes plea to voters as economy buckles

Pro-euro protesters hold Greek national flags during a rally in front of the parliament building in Athens this week. As politics and posturing continue, Greeks are divided between defiance and desperation over whether to reject austerity measures. Picture: REUTERS/YANNIS BEHRAKIS
21 minute(s) ago

Prime Minister Alexis Tsipras bends on day three of capital controls, rationing pensions and intense European pressure after expiry of Greece’s bail-out

National

Joburg city ombudsman ready to investigate

Johannesburg's skyline. Picture: THE TIMES/ALON SKUY
21 minute(s) ago

Houghton-based Joburg ombudsman Siduduzo Gumede has a startup budget of R20m and 15 staff to deal with residents' complaints about municipalities

Labour

Unions may take MTN strike abroad

MTN. Picture: BLOOMBERG/NADINE HUTTON
1 hour(s) ago

Escalation of boycott hinges on whether MTN accedes to the demands made by the Communication Workers Union

Mining

South32 shares take a beating as commodity prices drop

Picture: THINKSTOCK
1 hour(s) ago

Some BHP Billiton shareholders who own South32 stock likely to join sell-off to rebalance their portfolios

Europe

Eurozone growth stays tepid but Asia perks up, data show

38 minute(s) ago

Asia’s largest economies show hints of healing but eurozone factory growth remains tepid

Europe

Record 137,000 refugees and migrants cross Mediterranean this year, says UN

Hungarian riot police guard a metal fence that surrounds hundreds of refugees after riots broke out at a refugee camp about 220km east from Budapest, Hungary, on Monday. The United Nations said on Wednesday a record 137,000 refugees and migrants crossed the Mediterranean into Europe this year. Picture:  AFP PHOTO/STEVEN DEBORA
13 hour(s) ago

Numbers flooding across the Mediterranean — aided by brutal human traffickers — swell 83% compared with the first six months of 2014

Transport & Tourism

Ethiopian Airlines touches down at Cape Town International

Picture: THINKSTOCK
15 hour(s) ago

Inaugural flight of largest airline in Africa into Western Cape boosts provincial government’s drive to attract more direct flights

Europe

Greek pensioners besiege banks to grab cash

Pensioners waiting outside a closed National Bank branch and hoping to get their pensions, argue with a bank employee in Iraklio on the island of Crete, Greece, on Monday.   Picture: REUTERS
14 hour(s) ago

In chaotic scenes, thousands of elderly Greeks besiege nation’s crisis-hit banks, which reopened to allow them to withdraw vital cash from state pensions

Americas

Tesla owners gripe over recharge waits

Elon Musk.  Picture: REUTERS
14 hour(s) ago

Tesla owners’ superchargers are the equivalent of gas pumps to quickly recharge their battery-powered vehicles

Picture: SUNDAY TIMES

Feeling ill at work? It could well be the air or lighting, not necessarily the job

If many of colleagues or employees report regular illness at work it may be an idea to organise a health and safety inspection — or face prosecution, writes Vanessa Rogers

Health

No one knows magic blood pressure number

A nurse checking a senior patient's blood pressure. Picture: THINKSTOCK
33 minute(s) ago

Researchers still do not know just how low blood pressure should go, and drugs are not always the answer as they come with side effects, writes Gina Kolata

Opinion & Analysis

Nurses who moonlight strain the health system

Nurses taking on extra work after hours is more prevalent in the private health sector than the public sector. Picture: DAILY DISPATCH
36 minute(s) ago

Close to 70% of the nurses interviewed were moonlighting, working overtime or doing agency nursing, writes Laetitia Rispel

Health

The peril between the lines of a glorified book of life

Picture: THINKSTOCK
35 minute(s) ago

Research so controversial that Nature and Science declined to publish it, writes Anjana Ahuja

Health

FITNESS FABLES: Start the trip to rude health with mountain biking

Cyclists brave the last leg of the country’s most popular and the world’s largest timed cycle race. Picture: SHELLEY CHRISTIANS./THE TIMES
34 minute(s) ago

Part of the magic of trail mountain biking is its meditative nature and in-built opportunity for pit stops, writes Marika Sboros

Novak Djokovic of Serbia celebrates his win over Finland’s Jarkko Nieminen after their second round match at Wimbledon on Wednesday. It was the Finn’s final appearance at the All England tournament. Picture: EPA/ANDY RAIN

Cool Djokovic cruises as the rest swelter

Wimbledon bakes at 35.7°C but Serb Novak Djokovic says it wasn’t too difficult

Other Sport

Mobile betting expected to boost Vodacom Durban July turnover

Picture: THINKSTOCK
39 minute(s) ago

SA is gearing up for a record betting feast with the running of the Vodacom Durban July

Soccer

Chiefs snub hearing on Abraw conflict

Camaldine Abraw. Picture: GALLO IMAGES/LEFTY SHIVAMBU
1 day(s) ago

Celtic refuse to budge on Camaldine Abraw issue as Chiefs football manager Bobby Motaung ducks and dives

Cricket

England must man up to the Aussies, says coach Bayliss

Trevor Bayliss. Picture: AFP PHOTO/LAKRUWAN WANNIARACHCHI
46 minute(s) ago

New coach Trevor Bayliss calls on squad to fight fire with fire, be positive and aggressive to regain the Ashes from his native Australia

Rugby

Gold wary of intact Lions and Cheetahs

Sharks director of rugby Gary Gold at a training session at Kings Park Stadium in Durban yesterday. Picture: STEVE HAAG/GALLO IMAGES
47 minute(s) ago

Sharks have relinquished a number of Springbok players who will play a minimal or no role in the Currie Cup

Other Sport

Coetzee has measure of Lerena, says Durandt

Picture: THINKSTOCK
47 minute(s) ago

Victory for Kevin Lerena will convince promoter Rodney Berman that the 23-year-old left-hander is a long term investment

Cricket

Can Rabada copy Schultz’s blitz?

Fast bowler Kagiso Rabada, who is on his first tour with the Proteas, received some good advice from former SA talent Brett Schultz, who burst onto the scene in Sri Lanka 22 years ago. Picture: ASHLEY VLOTMAN/GALLO IMAGES
40 minute(s) ago

Ace fast bowler Kagiso Rabada has some experience with the heat and pitch of the subcontinent but can he match Sri Lanka hero Brett Schultz?

Standard Bank

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The Third Umpire

President Jacob Zuma, whose election promise to create millions of new jobs is looking more than a little rash in the light of the latest Stats SA figures, which show the number of discouraged young work seekers doubling.

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Durban High Court judge Esther Steyn, for ordering the demolition of a R60m luxury apartment block after finding that the city rezoned the site illegally. Brace yourselves for the lawsuit, long-suffering ratepayers.

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Departing Edcon CEO Jurgen Schreiber, whose misreading of the market during a tough time for retailers has been blamed for the group’s poor performance and difficulty repaying a €28m coupon that was due yesterday.

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