• Friday, November 27 2015
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Transport & Tourism

SAA board duped into probing tender

UNUSUAL STEP: SAA board member Yakhe Kwinana, right, next to chairwoman Dudu Myeni.. Picture: TREVOR SAMSON
8 hour(s) ago

ENS did forensic inquiry after businessman complained but accuser’s bid was found to have numerous irregularities

Financial Services

Standard Bank in UK court over fraud allegations

Standard Bank. Picture: MARTIN RHODES
4 hour(s) ago

The bank’s UK unit, which could pay up to $40m in fines if an agreement to suspend prosecution is approved in court, had indemnified 60% owner ICBC of China

Transport & Tourism

MP puts Nene on the spot over SAA chair and finances

Finance Minister Nhlanhla Nene.  Picture: TREVOR SAMSON
7 hour(s) ago

Finance spokesman tells National Assembly that minister seems ‘powerless to act’ against chairwoman, despite SAA’s ‘acute’ financial distress


Nene will not sign up government for R500bn nuclear bill, says Louw

Leon Louw, executive director of the Free Market Foundation. Picture: FINANCIAL MAIL
3 hour(s) ago

Free Market Foundation’s Leon Louw says Finance Minister Nhlanhla Nene has shown himself to be responsible, and private investment will be needed


Business confidence plumbs new depths

8 hour(s) ago

Business confidence hits five-year low with no relief in sight for South Africa’s depressed economy

Transport & Tourism

Private sector should invest ‘lazy cash’ in infrastructure, says Transnet acting CEO

Siyabonga Gama. Picture: MARTIN RHODES
8 hour(s) ago

Transnet head urges companies to invest 'lazy cash sitting on their balance sheets' in upgrading plant and equipment to grow the economy


Malema tells UK investors to include workers

WELCOMED: Students applaud Economic Freedom Fighters leader Julius Malema at Oxford University on Wednesday. Picture: THABO JAIYESIMI
8 hour(s) ago

Julius Malema says BEE a disaster at the heart of South Africa’s economic woes and collapse of state-owned corporations including South African Airways


Cosatu backs alliance and wants bigger shift to left

Newly elected Cosatu general secretary Bheki Ntshalintshali. Picture: THE TIMES
8 hour(s) ago

Talk of unity with ruling ANC diluted by strong hints of need for a stronger leftward shift


Black lives are better in rainbow nation

Black South Africa accounts for bigger share of economy and has almost twice the buying power per person than just 16 years ago, writes Garth Zietsman


China’s trade with Africa not broad-based and not driven by altruism, writes Mzukisi Qobo

Depending on China is no way to grow Africa


Peter Bruce promo

It's time the ANC stood up to its president to stop spending money and to back his finance minister or we are headed for disaster, writes Peter Bruce

What President Jacob Zuma must still break to survive


National Empowerment Fund call for BEE to remain policy

Philisiwe Mthethwa , CEO National Empowerment Fund. Picture: WALDO SWIEGERS/ SUNDAY TIMES
40 minute(s) ago

National Empowerment Fund CEO Philisiwe Mthethwa says policy is still relevant, critical, must still be implemented

African News

Pope visits poor and young in Kenyan slum on African tour

Pope Francis delivering his speech at the State House in Nairobi, Kenya, on Wednesday.  Picture: EPA/DANIEL IRUNGU
2 hour(s) ago

Pope Francis wins rapturous welcome as he visits congested Kenyan slum to convey message of solidarity with poor, underprivileged

Transport & Tourism

Why I will not resign from SAA

Dudu Myeni. Picture: TREVOR SAMSON
7 hour(s) ago

South African Airways chairwoman Dudu Myeni says she is carrying the burden of transforming the airline, writes Linda Ensor


Top players vie for Australian coal miner

8 hour(s) ago

Mining chiefs David Brown and Nonkululeko Nyembezi-Heita go head to head in a battle for junior coal miner Universal Coal


Construction sector in dire straits

7 hour(s) ago

SA’s construction and engineering sector JSE index under performs main market

Employees at Southern African Shipyards in Durban hard at work on an order, one of a growing number that includes eight new 70-tonne tugs for Transnet. Picture: SUPPLIED

We have the means to solve problems in ocean economy

Operation Phakisa and ocean economy retain immense potential for economic development of South Africa, writes Edna Molewa

Financial Services

African Equity seals 25% stake deal in defence contractor

6 hour(s) ago

Equity empowerment company signed off its deal to take a 25% plus one share stake in Saab Grintek Defence (SGD) only days after company was tipped as a major beneficiary of large deal in Middle East


Abe rolls out more spending to revitalise economy

Japanese Prime Minister Shinzo Abe. Picture: REUTERS
3 hour(s) ago

Japanese Prime Minister Shinzo Abe tells his cabinet to compile extra budget for current fiscal year in latest attempt to revive sputtering economy


Unisa bosses row over council terms

Mathews Phosa. Picture: THE SOWETAN
8 hour(s) ago

University allegedly tried to extend terms of three council members, including former chairman Mathews Phosa


Mining firms have upped contribution to workers and families’ lives, says chamber

The Lonmin mine, near Marikana. The  Bapo ba Mogale community accepted a  2,5% stake in the firm. Picture: ROBERT TSHABALALA
17 hour(s) ago

Chamber of Mines responds to Economic Freedom Fighters memorandum


Education department taken to task for near R225m underexpenditure

School teacher's desk. Picture: THE TIMES
16 hour(s) ago

Cuts to key education projects, including National School Nutrition Programme, HIV/Aids Education Grant

Science & Environment

Judge lifts ban on rhino horn trade

1 day(s) ago

Ban is reportedly lifted by decision of High Court in Pretoria on grounds public were not properly informed about ban, consultation process was not followed


Western Cape to ask to be declared drought disaster area

Emaciated cattle roam through the dried up Mfolozi River in Ulundi in Kwa Zulu Natal, as a sever drought affects South Africa. Picture: AFP/MUJAHID SAFODIEN
22 hour(s) ago

Local government, environmental affairs and development planning MEC says province will ask for funding to be made available for disaster relief


Zuma flags municipalities’ successes but says service delivery must improve

President Jacob Zuma answers question in the National Assembly on Thursday. Picture: TREVOR SAMSON
20 hour(s) ago

President Jacob Zuma emphasises achievements of municipalities over past 15 years, saying SA will hold local elections next year with more to celebrate than criticise


Brics New Development Bank allocates formal duties to vice-presidents

Picture: REUTERS
18 hour(s) ago

Brics economic grouping’s bank allocates responsibilities to its four vice-presidents to help bring bank closer to operation


North and South Korea plan further talks to ease tension

1 hour(s) ago

North, South Korea agree to hold talks at vice-minister level next month, after meeting aimed at further easing tension following end to armed standoff in August

Financial Services

Absa buys majority stake in Instant Life to grow bancassurance division

17 hour(s) ago

Online life insurance distribution platform has an average 14,000 policies with the average sum insured of about R700,000 per policy


Saudi women begin their first-ever election campaign

Nassima al-Sadah, a candidate for municipal councils in the Gulf coast city of Qatif, working at her office in Qatif 400 kilometers east of the Saudi capital, Riyadh. Women in Saudi Arabia begin their first-ever electoral campaign on November 29, a step forward for both women’s rights and the kingdom’s slow democratic process. AFP
1 hour(s) ago

Saudi Arabia takes tentative steps towards better representation of women in kingdom as female candidates prepare to stand in municipal elections


Chinese stocks tumble on news of brokerage probes in government crackdown

A board in Beijing shows stock prices on the Shanghai Securities Exchange on Wednesday. The Chinese government froze stock markets amid a dramatic correction last month. Picture: REUTERS
3 hour(s) ago

Confidence in recent stability is shaken as the Shanghai composite index falls 6%, the most since the depths of this year’s rout


Russia takes aim at imports from Turkey

Vladimir Putin. Picture: AFP PHOTO/ALEXEI NIKOLSKY
6 hour(s) ago

Agricultural products from Turkey subjected to additional border checks and laboratory controls after 15% of goods found to breach Russian requirements


ANC starts process to have Zille impeached over ‘spy move’

DA leader Helen Zille.  Picture: SUNDAY TIMES
16 hour(s) ago

Party alleges a senior police crime intelligence officer was hired in his private capacity to do surveillance on it


Gains and headwinds make for a year of mixed fortunes at Nampak

6 hour(s) ago

Africa’s biggest manufacturer of beverage, food and non-perishable packaging financial year ended-September was one of "mixed fortunes"


UK regulator gives Barclays huge fine for noncompliance

HEADACHE:  Bob Diamond was Barclays CEO from the start of 2011 until he left in July 2012, the time during which a £1.9bn deal was transacted. Barclays has been fined £72m for cutting corners in due diligence. Picture: REUTERS/DYLAN MARTINEZ
7 hour(s) ago

Britain’s Financial Conduct Authority fines leading bank for cutting corners in checking wealthy customers involved in a sizeable transaction

Media & Advertising

Caxton welcomes Novus ownership profile ruling

7 hour(s) ago

Court ruling hands victory to Caxton, which has been campaigning for years to have rival's ownership exposed

Telecoms & Technology

Naspers to grow its video offering

7 hour(s) ago

Naspers to target more than 15-million customers outside home market with video-streaming service Showmax

African Business

Zambia’s Lungu says state won’t take over struggling mines

Edgar Lungu. Picture: AFP PHOTO / CHIBALA ZULU
18 hour(s) ago

President Edgar Lungu backtracks from warning earlier this month that Zambia would take over mines that have shed jobs

Lunar-like desert landscapes are part of Namibia’s allure. Despite the low rainfall, the country boasts about 200 endemic plants. Picture: EUGENE YIGA

Lunar views without space travel

Magical Namibia offers space on an unimaginable scale, as well as development everywhere, writes Eugene Yiga


Cookbook preserves South African legacy recipes

16 hour(s) ago

A Culinary Journey of South African Indigenous Foods documents dishes from Amadombolo to Phutu

Arts & Entertainment

Musical pays tribute to township jazz artists

16 hour(s) ago

Actresses perform renditions of ’50s and ’60s songs as a hip-hop artist tells the story and links the past to the present in Songs from Jazztown at the Market Theatre


LIQUID INVESTMENTS: Vine art of seeing stars and scoring points while sipping

Professional tasters seem to manage a degree of consistency, despite potential for things to go wrong, writes Michael Fridjhon

India's Cheteshwar Pujara (L), Shikhar Dhawan (C) and captain Virat Kohli celebrate after their win over South Africa on the third day of their third test cricket match in Nagpur, India, November 27, 2015. India beat South Africa by 124 runs in the third test in Nagpur to take an unassailable 2-0 lead in the four-match series on Friday. REUTERS

India romp to victory to clinch series

Hosts enjoy 124-run victory with more than two days to spare in third Test to take unassailable lead in four-match series


Amla and Du Plessis defy spinners

South Africa's Hashim Amla (C) and teammate Faf du Plessis (L) celebrate their partnership during the 2015 Cricket World Cup Pool B match between Ireland and South Africa in Canberra on Tuesday. Picture: AFP PHOTO/PETER PARKS
3 hour(s) ago

Captain Hashim Amla, Faf du Plessis put up fight to delay Indian march towards series-winning victory in third Test dusty, deteriorating pitch at VCA stadium


Coetzee in the dark over Bok job

Stormers coach Allister Coetzee. Picture: GALLO IMAGES / ASHLEY VLOTMAN
8 hour(s) ago

Former Stormers and assistant Springbok coach Allister Coetzee rumoured to replace post still held by Heyneke Meyer

Other Sport

Surprised Tighe leads in tough Aussie Open field

Australia's Lincoln Tighe hits up to the 18th during the first round of the Australian Open Championship at The Australian Golf Club in Sydney, Australia, on Thursday. Picture: EPA/DEAN LEWINS
8 hour(s) ago

Lincoln Tighe upstages field including top golfer Jordan Spieth and a string of Major winners


Chippa United scout move to new venue

8 hour(s) ago

Buffalo City Stadium designated as team’s alternative venue but they want to spread out to extend their supporter base

JSE Sens

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