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The site, formerly the farm Naauw Ontkomen, was bought from Kumba Coal (now known as Exxaro Coal) and measures 883 hectares.  Picture: ARNOLD PRONTO

Medupi finally produces first power

2 hour(s) ago

Eskom says power station is producing electricity after delay of about four years, at nearly double initial budgeted project cost

Healthcare

Bidvest lowers ambition of full takeover of Adcock Ingram

A sign outside the Adcock Ingram offices in Johannesburg in December  2013. Picture: REUTERS
5 hour(s) ago

Industrial conglomerate lowers ambition of full takeover of Adcock Ingram following sharp rise in share price of struggling drug-maker

National

Gauteng agency to ‘solicit partnerships’ to fund economic corridors

Gauteng finance MEC Barbara Creecy. Picture: VELI NHLAPO/SOWETAN
47 minute(s) ago

Gauteng Infrastructure Financing Agency will solicit partnerships with private investors to fund five economic corridors over next three years, finance MEC says

National

More Hawks members suspended

Shadrack Sibiya. Picture: IOL
2 hour(s) ago

Directorate says four more members have been suspended in connection with alleged illegal rendition of four Zimbabweans

Transport & Tourism

Transnet to roll out new locomotives in July, says CEO

Transnet. Picture: BLOOMBERG/DEAN HUTTON
1 hour(s) ago

Transnet will roll out new locomotives in July after General Electric completes its technical design, CEO announces

Economy

Kagiso PMI falls in February

Picture: THINKSTOCK
5 hour(s) ago

Kagiso purchasing managers index shows activity in manufacturing sector contracted for first time in four months as sector ‘takes strain’

Land & Agriculture

Western Cape sets up land reform
advisory desk

Picture: THE TIMES
2 hour(s) ago

Provincial government says desk will help to speed up transformation in agricultural sector, offer guidance to farmers, community organisations residents

African News

Namibian president wins Mo Ibrahim African leadership prize

Namibian President Hifikepunye Pohamba embraces his South African counterpart, Jacob Zuma.  Picture: THE TIMES
1 hour(s) ago

Hifikepunye Pohamba wins $5m African leadership prize, an award meant to recognise good governance that has been presented only three times in eight years

African News

Cholera epidemic kills 41 in Mozambique

Malawi flood. Picture: AFP PHOTO/AMOS GUMULIRA
31 minute(s) ago

Death toll from cholera epidemic in Mozambique that broke out after widespread flooding rises by almost 50% in two weeks to 41, health officials say

A bronze statue of former president Nelson Mandela  at the Union Buildings in Pretoria. File picture: REUTERS

Slavery scholar more feted abroad

In SA — where we orate endlessly about heritage — there has been little recognition of Robert Shell, writes Bryan Rostron

Columnists

Mark Barnes promo

Everybody knew that Switzerland was the place to hide your money. It was arguably its raison d’être. No one objected, writes Mark Barnes

STRAIGHT TALK: On law, Swiss banks and dope

Columnists

Stuart Theobald promo

The exchange control regime has changed … banks behave as if it hasn’t, writes Stuart Theobald

ON THE MONEY: Court to rule on exchange controls

National

Cape Town Fire and Rescue spearheads team as fire spreads

A firefighter tries to stop a blaze in Cape Town on March 2 2015. Picture: EPA/NIC BOTHMA
53 minute(s) ago

Fire and Rescue Service leads multi-agency team in trying to contain raging fire in South Peninsula that has so far destroyed five homes and resulted in evacuations

Financial Services

Santam full-year earnings up 40%, supported by good weather

Picture: GALLO IMAGES/CHARLES GALLO
26 minute(s) ago

Santam reports 40% jump in full-year earnings, slightly lower than expected, after turnaround in crop insurance segment and an absence of hail-related catastrophes

Middle East

Netanyahu brings his Iranian nuclear fight to Washington

An anti-Israel demonstrators wearing masks bearing the likeness of Israeli Prime Minister Benjamin Netanyahu and holding up ‘bloody’ hands protest on Sunday outside the Washington Convention Center, host to the American Israel Public Affairs Committee (AIPAC) annual policy conference, where Mr Netanyahu is due to speak during his controversial 48-hour visit to the US. Picture: AFP
16 minute(s) ago

John Kerry warns Benjamin Netanyahu not to endanger US nuclear talks with Iran by revealing details of discussions, as Israeli premier lobbies to thwart deal

Europe

Nokia’s shift from devices to enabling connectivity is complete, almost

Picture: REUTERS
3 hour(s) ago

Nokia isn’t launching new handsets for consumers — instead it wants to be key enabler of telecom networks, software that world’s handsets use to connect to internet

Labour

Solidarity asks public protector to investigate Compensation Fund

Thuli Madonsela. Picture: TREVOR SAMSON
3 hour(s) ago

Trade union has requested that Public Protector Thuli Madonsela look into ‘total collapse in service delivery’ of Compensation Fund

Picture: THINKSTOCK

Lobbying of politicians no longer an ‘infamous employment’

Justice Swayne has warned that a preponderance of paid lobbying is a harbinger of the decay of the public morals, writes John Kay

Energy

Eskom’s low capacity blamed for power delay

Department of Energy acting director-general Wolsey Barnard speaks at the Energy Indaba held at the Sandton Convention Centre on Tuesday. Picture: RUSSELL ROBERTS
10 hour(s) ago

Frustration over postponements in naming successful bids for the fourth round of renewable power by independent power producers

National

A tale of two narratives — with the truth hidden somewhere inbetween

Tom Moyane. Picture: TREVOR SAMSON
10 hour(s) ago

Destabilisation of SARS is likened to a shark-feeding frenzy by a coalition of the unsavoury including rival state entities, writes Natasha Marrian

Europe

Candidates for top finance jobs face tougher vetting process

Picture: THINKSTOCK
5 hour(s) ago

More than one in 10 people in line for top jobs in British finance pull out during regulatory assessment process that has become tougher since the financial crisis

Law & Constitution

The Pillay case tests the limits of what SARS can or cannot do in law

An illegal immigrant is arrested in Korsten, in the Eastern Cape, after a chase on foot involving customs officers in this file photo. The Customs and Excise Act goes further than other laws affecting SARS in granting powers to officials. Picture: THE HERALD/ B-JAY PIERCEY
10 hour(s) ago

As documents slowly trickle into the public domain, separating gossip from verifiable truth remains a continuing task, writes Franny Rabkin

National

Ramaphosa visit to SKA site affirms support

Naledi Pandor and Cyril Ramaphosa at one of the two MeerKAT dishes that have so far been built. Picture: TREVOR SAMSON
10 hour(s) ago

Treasury’s trim to the SKA budget is relatively minor, says scientists, and will not affect construction deadlines or instruments’ capabilities

Financial Services

Nedbank’s BEE share shrinks

Dr Reuel Khoza addresses the World Summit on Sustainable Development in Johannesburg. His retirement in May marks the end of an era. Picture: UNITED NATIONS
11 hour(s) ago

Further dilution looms as deal matures, raising questions on another deal to meet financial sector code target

Mining

Platinum price ‘set to remain weak’

Heaps of platinum ore before the refinery process. Picture: SUNDAY TIMES
10 hour(s) ago

The main unknown in the market are the opaque above-ground stocks, which many in the market say have kept platinum prices subdued

African Business

‘No reason to panic’ over Nigeria

A security officer checks a man outside the Nigerian Stock Exchange in Lagos. Picture: REUTERS
10 hour(s) ago

A weakened economy on the collapse of the oil price in the second half of 2014, and terrorism particularly in the north of the country, have dented Nigerian equities

African News

Zambia drops charges against top prosecutor

Picture: THINKSTOCK
21 minute(s) ago

A court in Zambia drops corruption charges against country’s chief prosecutor after he asks magistrate to dismiss case

Asia-Pacific

Samsung answers iPhone 6 with Galaxy S6

The Galaxy S6 edge (L) and Galaxy S6 smartphones. Picture: REUTERS
2 hour(s) ago

Tech giant introduces flagship smartphone with curved screen, mobile-payment system, seeking to spark sales after painful year

Trade & Industry

Bidvest lifts first-half profit as food service unit proves robust

Brian Joffe. Picture: MARTIN RHODES
5 hour(s) ago

Bidvest reports 5% increase in half-year profit, helped by strong performance at its food service unit and favourable currency swings

Asia-Pacific

North Korea fires missiles off coast

A policeman stands guard as anti-war activists hold placards during a rally against South Korea-US joint military exercises, called Key Resolve and Foal Eagle, in front of the US embassy in Seoul on Monday. Picture: AFP
5 hour(s) ago

Defiant response from Pyongyang to annual military exercises between South Korea, US, draws swift protest from Japan

National

SA engineers condemn hiring of Cubans for water projects

Water from a burst pipe shoots  into the air next to a road near Motherwell, Port Elizabeth.  Picture: THE HERALD
10 hour(s) ago

Local engineers not given the chance to apply for jobs with same incentives as the Cubans in rural communities and elsewhere

Energy

PetroSA plans to cut jobs on slow Mthombo

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMES
11 hour(s) ago

National oil company to cut staff numbers by up to 40% as revenue spirals

Financial Services

Old Mutual earnings profile ‘will change’

Old Mutual. Picture: BLOOMBERG/SIMON DAWSON
10 hour(s) ago

Group targets earnings growth in UK and rest of Africa as dominant South African business falters

National

‘Covert unit’ has so far elicited five investigations

State Security Minister David Mahlobo responding to questions during a media briefing by the justice, crime prevention and security cluster of ministers on Thursday.  Picture: TREVOR SAMSON
10 hour(s) ago

No fewer than five investigations were or are being conducted into the ‘covert unit’ at SARS, writes Natasha Marrian

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Cartoons

Employees drive past Africa’s largest methanol plant, at Punta Europa, Bioko island, last year. On land cleared of tropical forest, gleaming new office towers, apartment blocks, homes and highways dazzle the eye in Equatorial Guinea. But few of its citizens know anything about their financing — the country has scored zero in the latest Open Budget Index. Picture: REUTERS/PASCAL FLETCHER

Show us the budget, Africans ask

Fiscal accounts are often top secret on the continent, writes Karen Hasse

Gadgets & Gear

Talking to yourself may not be safe anymore

Showgoers watch a display of Samsung Smart TVs during the first day of the Consumer Electronics Show in Las Vegas in this file photo. Picture: REUTERS
10 hour(s) ago

Samsung’s smart TVs are able to record conversations and other personal information about users. What happens to this information and who else has access to it?

Americas

Forget Big Brother, it’s Big Mom watching you

Teenagers’ love of electronic devices, especially smartphones, makes it easy for their parents to snoop on them. Picture: THINKSTOCK
10 hour(s) ago

A booming array of gadgets are being marketed to those who want to keep tabs on their children

Ireland's John Mooney hugs teammate Niall O'Brien, right, after beating the West Indies for the first time in their Cricket World Cup match in Nelson, on February 17. Picture: REUTERS/ANTHONY PHELPS

Birrell will be hoping he was wrong about Ireland

Adrian Birrell was Ireland’s coach at the 2007 World Cup, so there has been no mention of the m-word

Cricket

Bowlers are all the rage as CSA hands outs national contracts

Vernon Philander. Picture: REUTERS/DINUKA LIYANAWATTE
10 hour(s) ago

Curiously, Vernon Philander has had his contract extended by only one year and not the two years offered to Hashim Amla, AB de Villiers, Faf du Plessis, JP Duminy, Morné Morkel and Dale Steyn

Sport

Durban Commonwealth Games ‘will boost SA’s economy’

South Africa’s flag is carried by Cecil Sebastian Afrika as the team enters the stadium during the opening ceremony for the 2014 Commonwealth Games at Celtic Park in Glasgow, Scotland, on Wednesday. Picture: REUTERS/JIM YOUNG
10 hour(s) ago

The 2022 Commonwealth Games are expected to attract more international visitors than any previous Games

Opinion

Victor Matfield remains a Titan of the game

Marco Wentzel of the Sharks tackles Victor Matfield of the Bulls during the Super Rugby match between Vodacom Bulls and Cell C Sharks at Loftus Versfeld on February 28 in Pretoria.  Picture: GALLO IMAGES/LEE WARREN

He is the most capped Bok and regarded internationally as one of the finest to have played the game

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The Third Umpire

Finance Minister Nhlanhla Nene, who made the best of a bad hand with a holding budget that may just do the trick if economic growth starts to pick up. That’s a very big “if”, of course, with many a slip twixt cup and lip.

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Public works director-general Mziwonke Dlabantu, for resisting the release of conveniently classified information to the Nkandla architect, who has been set up as the fall guy for this gross abuse of public funds.

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Israeli Prime Minister Benjamin Netanyahu, whose credibility on the issue of Iran’s nuclear ambitions has been badly undermined by Mossad spy cable leaks showing that he lied blatantly to the US Congress.

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