• Thursday, August 28 2014
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Mining

Implats undertakes strategic review of its assets, says Goodlace

DIFFICULT SITUATION: Impala Platinum CEO Terence Goodlace addresses the media on the group’s outlook. Picture: MARTIN RHODES
3 hour(s) ago

Chief financial officer Brenda Berlin says Implats has no plans to raise further finance as it has cash of R4.3bn and has saved more than R5bn

Economy

Producer inflation moderates slightly year on year in July

Picture: THINKSTOCK
3 hour(s) ago

Barclays Africa economist Peter Worthington says food price inflation suggests that ‘we should not get too complacent about food prices’

Europe

Ukraine accuses Russia of launching invasion

Petro Poroshenko. Picture: AFP PHOTO
3 hour(s) ago

Ukraine accuses Russia of mounting an invasion in southeast of country in support of pro-Moscow separatist rebels

National

Nakasa was a real problem to apartheid regime, says IFP’s Buthelezi

HONOURED: Arts and Culture Minister Nathi Mthethwa (left) and others at King Shaka airport last Tuesday for the repatriation of the remains of Nat Nakasa. Picture: TEBOGO LETSIE
50 minute(s) ago

Whenever Nat Nakasa picked up his pen, he laid bare the cruelties and hypocrisies of apartheid, says Prince Buthelezi

Retail & Consumer

Woolworths’ food sales grow ‘ahead of pack’

HIGH STAKES: Woolworths shareholders will decide on Tuesday  whether or not to approve what  would be the biggest offshore investment to date by a South African retailer. Picture: JAMES OATWAY
5 hour(s) ago

Retailer says bigger store ‘supermarket’ strategy has performed well, encourages customers to ‘spend more with us’

Retail & Consumer

Massmart half-year profit down 25%

A Game store, operated by Massmart, in Rosebank, Johannesburg. Picture: SUNDAY TIMES
7 hour(s) ago

Retailer reports a 25.2% fall in half-year profit as debt-laden consumers battling rising living costs cut back on spending

Mining

Slow recovery from strike for Impala Platinum

Picture: THE TIMES
7 hour(s) ago

Platinum producer says margins will be under pressure in short to medium term, strategic review of operations, projects will determine new way forward

National

Joburg and Tshwane voice concerns over e-tolls

Picture: SOWETAN
10 hour(s) ago

Cities voice concerns at the socioeconomic consequences of the system’s implementation on residents

Dominic Wilcox predicts self driving cars will allow a multitude of projected images on the inside of vehicles.  Picture: NEWSPRESS

DESIGN: How we will travel is brought to life

Mini asked a number of designers to provide their view of the automotive future for a UK exhibition

Columnists

The silver bugs were proven wrong when the price of silver barely blinked in response to the end of the 117-year-old London silver fix, writes ...

No silver lining for fanatics

Columnists

Allister Sparks promo

It was dismaying for those who care about democratic institutions to see riot police called in to Parliament to evict an entire party, writes ...

Zuma is reaping what he sowed as Malema revolts

National

E-tolling costs diminish benefits, says Black Business Council

Picture: SOWETAN
1 hour(s) ago

CEO Babalwa Ngonyama recommends that a fuel levy be considered as a funding mechanism for Gauteng’s road improvements

Healthcare

Adcock says it’s ‘too early to return to profitability’ as restructuring continues

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

Having fallen to net loss of R962m in nine months to June, drug maker says it is too early to provide investors with ‘any comfort regarding return to profitability in short term’

Energy

Westinghouse launches legal action against Eskom

Eskom’s Koeberg nuclear plant looms over Melkbosstrand in Cape Town. Picture: SUNDAY TIMES
6 hour(s) ago

US company says it has asked Johannesburg High Court to order Eskom to provide it with relevant documentation supporting its decision to award contract to Areva

National

Zuma’s mystery tour ends with Putin meeting

President Jacob Zuma addresses questions in Parliament on Thursday. Picture: TREVOR SAMSON
10 hour(s) ago

Lack of official programme, extended duration, the curious composition of SA’s delegation and inclusion of ‘rest periods’ have lent an air of mystery to what is termed a working visit

Industrials

ArcelorMittal stands firm on its pricing model, says CEO

Paul O’Flaherty.  Picture: PUXLEY MAKGATHO
11 hour(s) ago

Loss-making steel producer has faced barrage of criticism over pricing methodology, which has artificially inflated domestic steel prices

UNDER SCRUTINY: US President Barack Obama speaks during the  Democratic Issues Conference on Friday, in Cambridge, Maryland. Picture: AFP

West needs clear plan on Russia, Islamic State

Dominique Moisi asks if western leaders are right to assume that challenges in Russia and the Islamic State are distinct

African Business

World Bank cuts Rwanda’s 2014 growth forecast

Picture: THINKSTOCK
1 hour(s) ago

Bank cuts growth forecast for Rwanda, blaming delayed spending on energy and transport and slowdown of credit growth to private sector

Markets

Warning against ‘safe haven’ gold

Picture: THINKSTOCK
9 hour(s) ago

Equities may be the better investment says world’s largest asset manager BlackRock

Industrials

Rising costs, strikes hit Imperial’s results

Mark Lamberti. Picture: TYRONE ARTHUR
5 hour(s) ago

Poor GDP growth, rising wage and transport costs, and labour disruptions in SA all help diluted headline earnings per share fall 7%

Politics

Expelled Oudtshoorn councillors reinstated

COPE leader Mosiuoa Lekota. Picture: SOWETAN
9 hour(s) ago

The judgment could place a DA-COPE coalition in control of the municipality if it is not challenged

Companies

SA firms face high debt costs after Abil failure

Picture: THINKSTOCK
9 hour(s) ago

Flaws exposed in the Africa’s biggest corporate bond market have prevented investors from selling Abil’s debt

Property

Growthpoint in talks to take over Acucap Properties

Norbert Sasse,  CEO of Growthpoint. Picture: JEREMY GLYNN
10 hour(s) ago

JSE’s largest property group by market value in talks to take over Acucap Properties, says CEO Norbert Sasse

World

Steel profits hurt in hunt for sales

DEMAND: Steel production takes place at the Baosteel GroupCorp. facilities in Shanghai, China.  Baosteel says iron-ore prices have further to fall. Picture: BLOOMBERG
10 hour(s) ago

World’s biggest steel makers hurting profits by chasing at any cost

Education

Court hears more details from ‘ghost’ teacher

ON TRIAL: Portia ‘Pankie’ Sizani at the Port Elizabeth Commercial Crimes Court. Picture: MIKE HOLMES/THE HERALD
9 hour(s) ago

Portia Sizani is accused of processing fraudulent applications that resulted in the irregular appointments of grade R practitioners

Financial Services

Insurers won’t pay for earthquake damages

Picture: THINKSTOCK
3 hour(s) ago

At least five insurers will not pay for damages to houses caused by recent earthquake that hit country, according to study

National

Mbete sends warning letters to ‘disruptive’ EFF MPs

EFF members refuse to leave Parliament on Thursday in defiance of an order by Speaker Baleka Mbete to vacate the National Assembly.   Picture: TREVOR SAMSON
4 hour(s) ago

All 25 EFF MPs to explain why they should not be suspended from Parliament for disrupting a sitting in teh National Assembly

National

‘Fair’ tariffs planned for water across SA

Trevor Balzer, acting director-general of the Department of Water Affairs. Picture: TREVOR SAMSON
10 hour(s) ago

Aim of proposed model to achieve greater equity in water tariffs across the country

Financial Services

Banks must improve their compliance or risk fines

Picture: THINKSTOCK
11 hour(s) ago

The collective fines banks and financial institutions had received in past two years are ‘inconsequential’ compared to fines their international counterparts got

National

Defence officials reject greater oversight of arms purchases

RUFFLING FEATHERS: DA MP David Maynier touched a raw nerve on Wednesday when he made a presentation on his  private members bill to amend the Defence Act. Picture: TREVOR SAMSON
9 hour(s) ago

Department of Defence reacts with fury to suggestions calling for greater parliamentary scrutiny of the country’s armaments procurement

National

Council doubles salaries with overtime payouts

OR Tambo District Mayor Nomakhosazana Meth. Picture: LULAMILE FENI
9 hour(s) ago

The OR Tambo district municipality in the Eastern Cape has spent close to R3m on overtime in just three months, with some employees getting double their salaries

Land & Agriculture

Large no-fishing zones must be declared in high seas, says Manuel

Trevor Manuel. Picture: MARTIN RHODES
11 hour(s) ago

To save declining global fish stocks large no-fishing zones need to be created in high seas, Trevor Manuel urges during lecture at CSIR International Convention Centre

National

Controversial Khayelitsha police inquiry ends in harmony

Picture: BUSINESS DAY
11 hour(s) ago

Stakeholders endorse Khayelitsha commission’s findings on the SAPS, writes Bekezela Phakathi

View more

Cartoons

Motoring

FUTURE MODELS: Xciting times signal new era

The Volvo XC90 features a new corporate face that will be signature on future models.  Pictures: VOLVO, QUICKPIC
11 hour(s) ago

Volvo has taken the wraps off its second generation XC90 SUV that will go on sale in SA in 2015, writes Lerato Matebese

Opinion

Working towards a common goal for arts in SA

A woman walks past a painting on display at the Johannesburg Art Fair at the Sandton Convention Centre, Johannesburg, in this March 2008 file photo.  Picture: THE TIMES

We have to constantly ask ourselves how business is doing in terms of opening up opportunities for women, and contributing to gender and economic transformation

Photographer Lebohang Kganye. Picture: SUPPLIED

Artist puts herself in frame

Lebohang Kganye’s works were handed out as this year’s Basa awards, writes Matthew Partridge

Arts & Entertainment

A privilege to sharing the joy of music

Buskaid musicians perform in Trafalgar Square earlier this year. Picture: BUSKAID
11 hour(s) ago

Soweto-born Lesego Mokonoto began his association with Buskaid as youngster wanting to learn to play violin, today he teaches children same instrument

SA’s Faf du Plessis congratulates captain AB de Villiers on reaching a century during the match between Australia and SA in the one-day international tri-series, which includes Zimbabwe, at the Harare Sports Club on Wednesday. Picture: AFP PHOTO/JEKESAI NJIKIZANA

SA prove too good for Aussies

Centuries from AB de Villiers and Faf du Plessis set Proteas up for huge victory

Opinion

A plea to the powers that be to shield Mashaba from the madding crowd

Mashaba has been Bafana coach for only a month but, astonishingly, he is already under pressure from those who have trouble accepting him as outgoing mentor Gordon Igesund’s successor

 
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The Third Umpire

ANC secretary-general Gwede Mantashe, whose public criticism of Public Protector Thuli Madonsela has crossed the line and needs to be curtailed. Accusing her of bias without justification amounts to contempt of office.

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Aurora “financial consultant” Fazel Bhana, who with father Sulliman has been ordered by the Pretoria High Court to repay R16m in illegal transfers. The mine workers they left surviving on handouts deserve urgent relief.

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Former mineral resources minister Susan Shabangu, whose performance on the stand at the Marikana commission on Tuesday was unconvincing to say the least. Her demotion now makes complete sense.

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