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Tina Joemat-Pettersson. Picture: TREVOR SAMSON

Strategic fuel stock sold off secretly

1 hour(s) ago

Energy minister gave the nod for a big sale of strategic stockpile below market price — and Treasury was not consulted

Telecoms & Technology

Nhleko vows MTN will get new CEO and system to better curb risk

MTN executive chairman Phutuma Nhleko speaks at  the company’s annual general meeting in Johannesburg on Wednesday.  Picture: FREDDY MAVUNDA
1 hour(s) ago

The company’s succession plan impede by the ‘sudden shake-up’ related to the Nigeria fine and former CEO’s exit

Financial Services

Rupert cuts back on tobacco habit

Richemont executive chairman and CEO Johann Rupert. Picture: SUNDAY TIMES
1 hour(s) ago

Reinet Investments sells off more than R5bn worth of British American Tobacco, leaving BAT at a still healthy 67.3% of its investment portfolio

Retail & Consumer

Casino rivals in Cape Town licence battle

Picture: REUTERS/BOBBY YIP
1 hour(s) ago

Tsogo Sun and Sun International at starting blocks as lucrative new casino licence nears

Business

Panama snubbed SA on data exchange request

Picture: DAILY DISPATCH
1 hour(s) ago

The South African Revenue Service has identified 1,700 individual South Africans in the Panama Papers data

Financial Services

New registrar of banks to oversee shift

Kuben Naidoo. Picture: BLOOMBERG
1 hour(s) ago

Reserve Bank appoints Kuben Naidoo ahead of the new Prudential Authority to oversee banks and insurers, writes Hilary Joffe

Labour

Mass action threat to revive minimum wage talks

PROTEST:  Labour representatives say union federations are considering taking to the streets to re-ignite deadlocked discussions on a national minimum wage. Picture: SOWETAN
56 minute(s) ago

Talks deadlock as unions complain business is too reluctant and the government is not showing leadership in the negotiations

Transport & Tourism

Tsogo rides casino wave at Suncoast

Picture: REUTERS/BOBBY YIP
37 minute(s) ago

Results from Tsogo Sun suggest the tables are turning for the local casino sector

Property

Pivotal Fund growth in net asset value does better than forecast

Picture: THINKSTOCK
55 minute(s) ago

The company’s share price is trading at a significant discount to NAV, up an attractive 23% per share

Americas

Toyota tacks on Uber in race for future

DRIVEN:  A logo on the windscreen identifies a US member of Uber. Toyota has made an unquantified investment in the ride-hailing service. Picture: REUTERS/ROBERT GALBRAITH
50 minute(s) ago

Partnerships between traditional car makers and mobility upstarts are considered a good hedge against potential of rivalry

Picture: THINKSTOCK

EDITORIAL: Be wary of the easy money

Mozambique in dire straits following disclosures that the government hid at least $1.4bn in government-guaranteed foreign debt from its creditors

Columnists

Without reform, political elites will continue to amass power and influence, while South Africans are pushed further away from the people they elect, ...

Why an inward-looking ruling party is so knotty

Columnists

The strategy does not impress institutional investors or they would not have voted out SABMiller leadership in favour of Anheuser-Busch InBev, writes ...

SABMiller’s financial statement cannot hide bad results

Asia-Pacific

Old tensions resurface ahead of G-7 summit

INDIGNATION:  US President Barack Obama, left, and Japanese Prime Minister Shinzo Abe shake hands after a press conference after their bilateral meeting in Shima, Japan,  on Wednesday. Picture: AFP PHOTO/JIM WATSON
55 minute(s) ago

A diplomatic nightmare greets US President Barack Obama at G-7 as a US base worker is charged with the murder of a Japanese woman in Okinawa

Europe

Brexit could extend UK austerity into 2020s

The City of London seen from Waterloo Bridge.   Picture: AFP/NIKLAS HALLE'N
50 minute(s) ago

Leaving the EU could add tens of billions of pounds to UK government borrowing and force Chancellor of the Exchequer George Osborne to extend austerity

Healthcare

Government hostility towards private healthcare impedes NHI

Surgery. Picture: ISTOCK
1 hour(s) ago

Strong parameters set by the state would ease privatisation and divestiture concerns, says doctors’ alliance head

Education

Forensic audit uncovers tender problems at Ceta

SKILLS:  Sector education and training authorities are still under a cloud. Picture: SUNDAY TIMES
57 minute(s) ago

Audit reveals irregular procurement of training providers at the Construction Education and Training Authority

Retail & Consumer

New Lewis stores to fill gaps

Lewis Stores. Picture: FREDDY MAVUNDA/FINANCIAL MAIL
53 minute(s) ago

Consolidation in furniture sector places Lewis in strong position to roll out 10 to 15 new stores in SA in its next financial year

Labour

Car makers give thumbs down to one-year Numsa wage pact

Karl Cloete. Picture: MASIMBA SASA
57 minute(s) ago

Numsa warns of volatility as employers, including seven global car manufacturers, insist on a three-year pact

Association of Mineworkers and Construction Union-affiliated workers strike at Marikana. An Extractive Industries paper argues that  intense competition between NUM and Amcu intensifies strikes, says the writer. Picture: SOWETAN

Labour law fuels strife on mines

Under the Labour Relations Act of 1995 — still in effect — the majority mine union has sole organising rights, pitching unions against each, writes Ross Harvey

Middle East

NEWS ANALYSIS: Saudi-Iran row threatens Opec output deal

New Saudi Arabian Energy Minister Khalid al-Falih. Picture:  REUTERS/HAMAD I MOHAMMED
50 minute(s) ago

Opec’s thorniest dilemma of the past year is about to disappear, write Alex Lawler and Rania El Gamal

Americas

Clinton broke e-mail rules, according to watchdog report

US Democratic presidential candidate Hillary Clinton. Picture: REUTERS/AARON P BERNSTEIN
55 minute(s) ago

The state department watchdog report says Hillary Clinton broke the rules and refused to be interviewed on the matter

African News

Egyptian search gets external assistance

An Egyptair Airbus A320 airbus. Picture: REUTERS
53 minute(s) ago

French and Italian firms step in to help search for crashed EgyptAir’s black boxes

African News

Harare bond notes stand in for dollars

Finance Minister Patrick Chinamasa presents the briefcase carrying the 2016 National Budget. Picture: REUTERS/PHILIMON BULAWAYO
53 minute(s) ago

Finance minister hopes the new bills will prevent Zimbabwe being used as a ‘fishing pond for US dollars’

Asia-Pacific

India denies forcing tribes from tiger park

Picture: ISTOCK
52 minute(s) ago

Wildlife official rejects claims that tribes living in a tiger sanctuary inspired by Rudyard Kipling’s The Jungle Book are being forced from their ancestral land

Middle East

Israel’s right-wing coalition swears to act responsibly

Avigdor Lieberman. Picture: REUTERS / RONEN ZVULUN
53 minute(s) ago

Prime minister and defence minister issue assurances that the most right-wing government in Israel’s history will act responsibly

National

Eskom boss disapproves of treatment of Guptas

Billionaire Atul Gupta is the executive chairman of TNA Media, an independent non-executive director of Comair Limited and co-founder of the Sahara computer company. Picture: SUNDAY TIMES
11 hour(s) ago

Eskom CEO Molefe, in reference to treatment of Guptas, says tendency to ‘colour people in a particular colour, very quickly, without getting facts’ is unfair

Politics

Food parcels are not ANC electioneering, says
deputy president

Deputy President Cyril Ramaphosa responds to questions in Parliament on Wednesday.  Picture: GCIS
12 hour(s) ago

Deputy President Cyril Ramaphosa says poverty relief tools by the state must not be mistaken for electioneering by the ANC ahead of local government elections

Industrials

ArcelorMittal’s Saldanha plant to keep running

Picture: FINANCIAL MAIL
1 hour(s) ago

Rising steel prices, rand weakness and better export prospects support Saldanha Works in the Western Cape

Mining

Community challenges Amplats mine settlement

Striking workers are shown standing idle outside an Anglo American mine in Rustenburg last month.  Picture: SOWETAN
10 hour(s) ago

Trust set up to develop villages around Mogalakwena faces court challenge over insufficient consultation

Land & Agriculture

SA wine exports to China jump by 30%

Picture: THINKSTOCK
10 hour(s) ago

Local vineyards rush to win market share as Chinese professionals develop a taste for the grape stuff

Politics

DA names 107 candidates for Tshwane

Picture: TREVOR SAMSON
13 hour(s) ago

Democratic Alliance releases names of candidates who will battle it out for Tshwane, which it hopes to wrest from ANC, along with Nelson Mandela Bay

Energy

Energy efficiency at Union Buildings and Tuynhuys saves Presidency R7m

A bronze statue of former president Nelson Mandela  at the Union Buildings in Pretoria. File picture: REUTERS
13 hour(s) ago

President Jacob Zuma launched an energy-saving campaign in 2015 to ensure that government-owned buildings are energy efficient

African News

Thousands take part in pro-Mugabe march

Youth Supporters of Zimbabwean President Robert Mugabe cheer during the Zimbabwe African National Union Patriotic Front One Million Youth March in Harare on Wednesday.  Picture: AFP/JEKESAI NJIKIZANA
13 hour(s) ago

Youth league of governing Zanu (PF) stages march in Zimbabwean capital as President Robert Mugabe insists he will stay on as leader despite calls to step down

Mining

ArcelorMittal’s Saldanha plant to keep operating

Picture: REUTERS/DADO RUVIC
15 hour(s) ago

The plant focuses on steel exports, but low steel prices and high electricity and transport costs made it unprofitable last year

Financial Services

Reserve Bank says lenders that rely on international vendors ‘must be vigilant’

Picture: SUNDAY TIMES
14 hour(s) ago

The criminals are still at large and police suspect more than 100 people were involved in the theft that took place across 16 Japanese prefectures

View more

Cartoons

Grizelda Grootboom.  Picture: FREDDY MAVUNDA

AUTHOR INTERVIEW: Violence women face daily must stop

In her autobiography, Grizelda Grootboom provides a brutal, raw and honest account of how she was betrayed by a friend into a life of drugs and prostitution

Gadgets & Gear

SA software piracy shows slight decline

Cyber crime. Picture: REUTERS/KACPER PEMPEL
16 hour(s) ago

Thirty three percent of computers in SA have software installed that is not properly licensed, a one-point decrease on findings in 2013

Management

Passion filters into local coffee brand

Sihle Magubane is the founder and owner of coffee company, Sihle’s Brew. It is SA’s first individually black-owned coffee brand. Picture: SUPPLIED
1 day(s) ago

Sihle Magubane decided to make his own opportunities, and now shows other young people how, writes Nce Mkhize

Opinion

THE POINT: New student body grows entrepreneurship

Picture: THE TIMES

Nonprofit Student Business Council wants to bridge academic and practical know-how for aspiring young entrepreneurs

ON TRACK: Novak Djokovic celebrates after winning his first round match against Taiwan’s Lu Yen-Hsun in Paris on Tuesday. Picture: AFP

Djokovic cruises, Murray recovers

Serb targets first title victory at French Open

Other Sport

Rosberg aims for another streak

Mercedes Formula One driver Nico Rosberg of Germany reacts after winning the Monaco F1 Grand Prix in Monaco May 24, 2015. Picture: REUTERS/ROBERT PRATTA
1 day(s) ago

Only triple world champion Ayrton Senna has won more than three Formula One championships in a row, but Rosberg is on the cusp of stepping up alongside late Senna

Soccer

Spotlight back on players for expanded Euros

STRIKE FORCE: Harry Kane, left, celebrates with Jamie Vardy after scoring for England in a friendly against Turkey. England will be pinning their hopes on the two strikers for a first trophy in 50 years. Picture: REUTERS/DARREN STAPLES
1 day(s) ago

Unfamiliar qualifiers will be hoping to show their mettle at an event criticised by some as substituting quality for quantity

Soccer

Big clubs keen to sign Mncwango

Picture: THINKSTOCK
1 day(s) ago

The Polokwane City striker has caught the eye of Gauteng club managers this season

Other Sport

Malinga ready to fight Whiteboy

Vus’umuzi Malinga. Picture: SOWETAN
1 day(s) ago

Patrick "Hammer" Malinga, who has fought 181 rounds in 40 bouts, will welcome Capetonian Ashton Whiteboy for vacant WBA Pan African belt

Other Sport

Mamabolo vows to lead the local challenge at Comrades

Ludwick Mamabolo enters Kingsmead stadium in Durban in second place behind Bongmusa Mthembu in the 2014 Comrades Marathon. Picture: GALLO IMAGES
1 day(s) ago

Sunday’s 91st edition will see the past four winners square up against each other

Soccer

Mbombela within reach of fantastic feat

Bednog Manyike of Mbombela United. Picture: SYDNEY MAHLANGU/BACKPAGEPIX
1 day(s) ago

National First Division rookies Mbombela United are on course to repeat the fairy-tale story of Chippa United

Soccer

Cantona: Mourinho not right for United

DEFENSIVE: Jose Mourinho leaves his London home on Tuesday confronted by the media. Picture: REUTERS
1 day(s) ago

Club great Eric Cantona says incoming Manchester City boss Pep Guardiola would have been a better pick

Soccer

Mosimane welcomes re-entry to Caf event

Pitso Mosimane attends the Absa Premiership Player and Coach of the month prize giving for March and April 2016 in Johannesburg on Thursday. Picture: GALLO IMAGES/SYDNEY SESHIBEDI
1 day(s) ago

Mamelodi Sundowns coach Pitso Mosimane expresses delight after the club is reinstated to the Caf Champions League

Opinion

League’s playoffs for top flight have too few payoffs

It helps that this is an Olympic year and PSL will kickoff later than usual, but still, whoever wins the playoffs will have less time to recharge the old batteries

Standard Bank

JSE Sens

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Type in a share code or part of a company’s name in the Company Lookup box, then select the company name from the list of results and click Go to view its tearsheet with share data, news and more.
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The Third Umpire

Chief electoral officer Mosotho Moepya’s concession in the Constitutional Court that he may have “misconstrued” the IEC’s legal obligations is a far cry from his obstinacy of the past several months.

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SABC chairman Mbulaheni Maguvhe, for failing to end chief operating officer Hlaudi Motsoeneng’s employment despite a court dismissing his application for leave to appeal against a ruling setting aside his appointment

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PIC CEO Daniel Matjila. The role the state pension fund administrator is playing in compiling a consortium of black investors to buy control of Absa is far better than putting pensioners’ money on the line for political ends

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