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Cape Town mayor Patricia de Lille, centre, addresses striking members of the South African Municipal Workers Union in Cape Town on Wednesday.  Picture: TREVOR SAMSON

Samwu march in Cape Town descends into chaos

2 hour(s) ago

Striking Samwu members run amok in Cape Town’s central business district with police firing stun grenades in an attempt to control the rowdy crowd

Economy

Businesses pessimistic about 12-month economic outlook, survey shows

Picture: THINKSTOCK
42 minute(s) ago

South African businesses are now more pessimistic about economy over next 12 months than they were last year and in 2013, Grant Thornton survey reveals

Politics

Mayor looks to woo young Joburg residents with state of city address

Johannesburg executive mayor Parks Tau.  Picture: PUXLEY MAKGATHO
2 hour(s) ago

Parks Tau’s state of city address has all hallmarks of charm offensive aimed at wooing young residents ahead of next year’s local government elections

Economy

Consumer confidence falls in first quarter

Picture: THINKSTOCK
5 hour(s) ago

Income tax increases, petrol price hike, further depreciation of rand, social and political turmoil are among factors taking toll on consumer confidence

Labour

Strike continues at Medupi

According to Eskom's website, the project will include a super-critical plant able to operate with greater efficiency and at higher pressures than previous boilers.  Picture: ARNOLD PRONTO
1 hour(s) ago

Strike by workers at Eskom’s Medupi power project now in its sixth week‚ with no immediate end in sight

Mining

Sibanye tumbles to January lows

Neal Froneman. Picture: MARTIN RHODES
5 hour(s) ago

Shares in gold producer fall on Wednesday morning, extending losses to 20% since start of week, in wake of weak quarterly report

Education

Department working on making history compulsory at school

Basic Education Minister Angie Motshekga. Picture: GCIS
3 hour(s) ago

Basic Education Minister Angie Motshekga says further research will be conducted on best way to make history compulsory subject for grades 10-12

Economy

HSBC purchasing managers index inches lower in April

factory manufacturing XXX Picture: THINKSTOCK
5 hour(s) ago

SA private-sector companies remain optimistic about operating conditions in April, but slightly less so than they were in March, whole economy PMI shows

Picture: THINKSTOCK

EDITORIAL: The high cost of
load-shedding

Soothing noises from Eskom about load-shedding is cold comfort for big industrial customers

Columnists

Allister Sparks masthead

Allister Sparks: DA would be well advised, under a new leadership … to rebrand itself as a social democratic party

A victorious Maimane could ease way to coalition politics

Columnists

Steven Friedman

There is a public interest imperative to shed light on the dark world of money-politics, writes Steven Friedman

Money-politics link should be fully transparent

Media & Advertising

Amstel Lite container will ‘not be replaced’

The Advertising Standards of Authority of SA  has ordered Brandhouse Beverages to withdraw the offending packaging of Amstel Lite.
3 hour(s) ago

Brandhouse says can will not be changed after it wins appeal against Advertising Standards Authority ruling to withdraw it for being too similar to Castle Lite

Markets

MARKET WATCH: Bonds vulnerable as oil price rises

Picture: THINKSTOCK
3 hour(s) ago

Local bonds feel pressure as rising oil price saps investor appetite for safe-haven asset, analyst says inflation expectations, US 10-year yields will drive market

Europe

EU launches anti-trust probe into e-commerce

Picture: THINKSTOCK
3 hour(s) ago

Brussels formally opens anti-trust inquiry into Europe’s online shopping marketplace amid concerns about how websites such as Amazon, Google use influence

National

Fired finance head Stuart Lumka calls investigation ‘a sham’

Picture: THINKSTOCK
6 hour(s) ago

Gauteng department of finance head Stuart Lumka, who was dismissed for financial misconduct, has claims there is conspiracy in Gauteng provincial government to sink him

A man sits on the pavement advertising for ‘piece work’. If we were able to halve the unemployment rate among people aged 19-35 years, which according to recent World Bank data is about 53.6% of our population, we could lower our overall unemployment rate by slightly more than 50%. Picture: THE TIMES

A struggle for youth employment

Fred Turok outlines a programme to tackle joblessness that depends on partnerships between various sectors

Europe

Germanwings co-pilot ‘practised descent on previous flight’

A handout photo shows a part of the crash site of the Germanwings Airbus A320 near Le Vernet, French Alps. Picture: AFP
1 hour(s) ago

Co-pilot of doomed Germanwings flight deliberately crashed aircraft into French Alps after ‘rehearsing’ descent on earlier flight, French investigators say

National

Economic migrants ‘clogging system’

People seek asylum at the Pretoria home affairs offices.  File picture: SOWETAN
11 hour(s) ago

Vast majority of asylum seekers are low-skilled workers without a political claim who fall outside refugee status

Transport & Tourism

SAA guarantee a delaying device, says Comair

Comair CEO Erik Venter. Picture: MARTIN RHODES
11 hour(s) ago

Court challenge by JSE-listed British Airways franchisee Comair lifts lid on national carrier’s precarious financial position

Americas

US plans to ensure that Iranian deal is immune to vetoes

Iranian Foreign Minister Mohammad Javad Zarif, centre front, arrives at a hotel for a bilateral meeting with US Secretary of State John Kerry (not pictured) in a new round of talks over Iran’s nuclear programme, in Lausanne, Switzerland, on Sunday. Picture: EPA/JEAN-CHRISTOPHE BOTT
5 hour(s) ago

Washington wants to be certain any nuclear deal between Iran, major powers includes possibility of restoring United Nations sanctions if Tehran breaks agreement

African News

Guinea-Bissau ‘shows it is eligible’ for IMF loan

Picture: REUTERS
5 hour(s) ago

International Monetary Fund says Guinea-Bissau has made enough progress on reforms since election of new president last year to be eligible for loan

Energy

City Power keeps power on despite load-shedding

Eskom's Medupi power plant. Picture: SOWETAN
8 hour(s) ago

Johannesburg keeps lights burning during planned rolling blackouts, says additional capacity comes from Kelvin, load-limiting mechanism

African Business

Botswana’s Choppies to list on JSE

CEO Ramachandran Ottappath is upbeat about the company’s coming JSE listing.  Picture: FREDDY MAVUNDA
11 hour(s) ago

Botswana grocery retailer Choppies Enterprises seeks to raise R600m to grow across southern Africa

African News

Nigeria borrows to pay state salaries

Ngozi Okonjo-Iweala. Picture: REUTERS
3 hour(s) ago

Cash shortage caused by low oil prices forces Nigeria to borrow heavily through early part of 2015, with government struggling to pay public workers

Politics

DA leadership race plagued by controversy

MOVING ON: Mmusi Maimane formally accepted nomination for the Democratic Alliance parliamentary leadership position on Thursday. Picture: PUXLEY MAKGATHO
11 hour(s) ago

Clash over death penalty referendum and vague claims of sexual harassment and misogyny sully Democratic Alliance leadership race

National

Post office jobs in the line of fire

Administrator Simo Lushaba says rightsizing is a critical strategy. File picture: ROBERT BOTHA
11 hour(s) ago

Administrator warns Sapo is struggling to meet its cash outflow requirements and carries a backlog of debt

Economy

Boost in exports trims vehicle industry’s trade deficit

Picture: THINKSTOCK
11 hour(s) ago

Market recovery in European Union, SA’s biggest trading partner, fuels sales growth for cars and parts, writes David Furlonger

National

Spy minister criticised on xenophobia gap

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
11 hour(s) ago

Under fire State Security Minister David Mahlobo warns of spike in security concerns over international terrorism, cybercrime and globalisation

African Business

RioZim to build 1,400MW coal-fired power plant

Picture: THINKSTOCK.
11 hour(s) ago

Zimbabwe Stock Exchange-listed mining company is the second owner of large coal deposits to announce plans to build a power station

Europe

Unions let Berlin know who’s boss

Deutsche Bank. Picture: BLOOMBERG/KRISZTIAN BOCSI
11 hour(s) ago

Germany contends with a jump in number of walkouts, write Alex Webb and Stefan Nicola

View more

Cartoons

Business travel. Picture: THINKSTOCK

A global outlook will prosper in a diverse world

The growth of emerging markets means knowing how to operate in Lagos, Beijing and in-between

Management

Will Lloyd, the corporate slacker, please stand up?

A Harvard Business Review study says 'long-hours posturing' is unnecessary for high-quality work. Picture: THINKSTOCK
11 hour(s) ago

Senior manager ‘Lloyd’ has mastered the art of seeming to put in the 60-80-hour weeks his firm’s culture demands, while actually spending a lot of time skiing

Books

BOOK REVIEW: Book puts a human face on debt and lending issue

Picture: THINKSTOCK
11 hour(s) ago

Money from Nothing author Deborah James raises many important questions, such as why SA’s financial institutions are not playing a bigger role in easing indebtedness, writes Gillian Jones

Health

David Goldberg’s death puts spotlight on risks of treadmills

Picture: THINKSTOCK
2 hour(s) ago

Treadmills can on rare occasions be dangerous, an issue highlighted by untimely death of CE of SurveyMonkey and husband of Facebook operating officer Sheryl Sandberg

Arts & Entertainment

Van Gogh painting fetches $66m at New York auction

A member of the media films a painting by Vincent van Gogh
5 hour(s) ago

Vincent Van Gogh painting fetches more than $66m at auction, the most paid for work by the Dutch post-impressionist artist since 1998

Opinion

There is an art to managing an African business

The Nigerian Stock Exchange in Lagos is home to businesses whose managers need expertise in communication and human behaviour. Without these skills, workplaces can become unproductive and mired in in-fighting. Picture: REUTERS

Management styles and requirements differ so finding the right person to manage an African enterprise has to be a major consideration

Itumeleng Khune. Picture: GALLO IMAGES/LEFTY SHIVAMBU

Khune absence from cup advert fuels talk of exit

Amakhosi goalkeeper does not appear in squad picture for Carling Black Label Cup

Rugby

Bulls confident ahead of Australasian tour, says Spies

Pierre Spies. Picture: GALLO IMAGES/LEE WARREN
11 hour(s) ago

Captain Pierre Spies believes his troops are a different outfit to the previous three seasons

Soccer

Everything to prove at Tshwane derby

Gordon Igesund. Picture: GALLO IMAGES/DUIF DU TOIT
11 hour(s) ago

SuperSport United and Tshwane rivals Mamelodi Sundowns meet at Lucas Moripe Stadium on Wednesday night — still desperate to achieve their targets for the campaign

Rugby

Bok doctor starting to get nervous

Lood de Jager. Picture: GALLO IMAGES/JOHAN PRETORIUS
11 hour(s) ago

Team doctor Craig Roberts admits his anxiety grows with every weekend of rigorous Super Rugby action

Soccer

Bucs handed tough Africa draw against Guinea champions ASK

Picture: THINKSTOCK
11 hour(s) ago

Aside from their 12 league titles, ASK have won six national cups but have made an indifferent start to the league season

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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

Sibanye Gold CEO Neal Froneman. The honeymoon may be over for the South African mining industry’s Mr Fixit as Sibanye’s shares slump in the wake of a poor quarterly performance.

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Sactwu general secretary Andre Kriel. Given the dire state of the clothing and textile industry, forgoing dividends in order to save jobs at rescued clothing manufacturers is a realistic approach.

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Zimbabwean President Robert Mugabe. As chairman of the African Union, his silence on the events in Burundi — where Pierre Nkurunziza has been cleared to run for a third term, contrary to a peace deal — is deafening.

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