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Business

Sacci names former Land Bank chief as its new CEO

Alan Mukoki is the new CEO of the South African Chamber of Commerce and Industry. Picture: SUNDAY TIMES
43 minute(s) ago

South African Chamber of Commerce and Industry has appointed former Land Bank CEO Alan Mukoki CEO, he takes over from Neren Rau, who stepped down last year

Economy

Credit growth suffers big drop in June, despite increase in money supply

Picture: SUNDAY TIMES
3 hour(s) ago

South African Reserve Bank figures show that credit growth in households, private sector in June fell, indicating reluctance to take on debt

Financial Services

Barclays on track to buy African operations from mother company

Maria Ramos. Picture: MARTIN RHODES
3 hour(s) ago

Barclays Africa says there is no timeline on when Zimbabwean, Egyptian acquisition will be concluded, but negotiation process will be accelerated

Energy

Revealed: real price of nuclear energy

Picture: THINKSTOCK
6 hour(s) ago

Price of electricity generated by nuclear power expected to be higher than that from any other technology except for gas and diesel, say analyses

Energy

Two suspended executives return to PetroSA — but only to the board

Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL
6 hour(s) ago

In a dramatic twist, suspended executives may have backed moves to isolate former board chairwoman Nonhlanhla Jiyane, who quit this week

Trade & Industry

Currency movements take toll on BAT

Picture: THINKSTOCK
3 hour(s) ago

British American Tobacco reports slower half-year earnings growth, citing adverse currency movements as main drag on revenue

Companies

Battle for control of Advtech heats up

Picture: THINKSTOCK
6 hour(s) ago

While current shareholders firmly support board’s rejection of Curro Holdings’ takeover bid, Advtech’s second-largest shareholder expresses strong approval for a deal

Zambians walk past a Shoprite store in the capital Lusaka. South African-built shopping malls in Zambia and many other African countries are changing the way locals shop. Picture: REUTERS/SALIM HENRY

Spate of malls reflects an African metamorphosis

South African-built shopping malls in Zambia and many other African countries are changing the way locals shop, writes Andrew England

Columnists

Hilary Joffe: Does Reserve Bank need to work particularly hard to ensure it is seen as credible and consistent?

Finding credibility in an inconsistent environment

Columnists

Mninawa Ntloko promo

‘Gross and ugly’ racism in Russian football a black cloud over the 2018 World Cup, writes Mninawa Ntloko

Racist Russians, feeble Fifa could be in for 2018 shock

African News

Outrage over wealthy American’s killing of ‘beloved’ Zimbabwean lion

The much-loved Zimbabwean lion called 'Cecil'. Picture: AFP/ZIMBABWE NATIONAL PARKS
5 minute(s) ago

Wealthy American who used bow and arrow to shoot Zimbabwe’s beloved Cecil the lion faces fierce criticism amid allegations that it took 40 hours for animal to die

Middle East

Iran has ‘no concern’ about nuclear deal

Picture: THINKSTOCK
1 hour(s) ago

Foreign minister dismisses speculation that Iranian deal with major powers may hit difficulties, says he is not worried about its implementation

National

Desmond Tutu re-admitted to hospital

Archbishop Desmond Tutu.  Picture: TREVOR SAMSON
3 hour(s) ago

Desmond and Leah Tutu Legacy Foundation confirms Archbishop emeritus was hospitalised with infection after being discharged following treatment for same ailment

Healthcare

Basic medical aid could soon be within reach of the poor

Picture: THINKSTOCK
6 hour(s) ago

Very basic benefit options could cost as little as R200 per person a month

Minister of Labour Mildred Oliphant. Picture: TREVOR SAMSON

EDITORIAL: Oliphant should not meddle

Labour Minister Mildred Oliphant’s blatant interference puts paid to the notion of a professional public service

African Business

Zimbabwe’s tax collections for half year 6% below target

Zimbabwean Finance Minister Patrick Chinamasa presents the country's 2014 budget to parliament in Harare on Thursday. Picture: REUTERS
11 minute(s) ago

Tax collections in Zimbabwe six percent below target during first half of year as mining royalties and valyue added tax plunge, reflecting struggling economy

Trade & Industry

GM plans new line for emerging markets

Chevrolet cars are seen at a General Motors dealership. Picture: REUTERS
6 hour(s) ago

General Motors in surprise announcement it plans to invest $5bn to create a new line of vehicles for emerging markets

Transport & Tourism

SA digs in on African business visas

Picture: SUNDAY TIMES
6 hour(s) ago

Department of Home Affairs strongly resists bid by the East African Community for business visas to be issued on arrival

Industrials

Rooivalk Mark 2 to whirr into life

A South African Air Force Rooivalk helicopter demonstrates its capabilities at an air show. The attack helicopter has been earmarked by state arms manufacturer Denel for an upgrade. Picture: THE TIMES
6 hour(s) ago

Brimming order book sets Denel’s sights high, writes Wyndham Hartley

Europe

VW overtakes Toyota to take lead in global sales

An employee holds an emblem for a Volkswagen Golf car in a production line at the Volkswagen headquarters in Wolfsburg, Germany, in this November 14 2008 file photo.  Picture: REUTERS
6 hour(s) ago

Volkswagen in first place as biggest vehicle maker three years ahead of its target

Telecoms & Technology

Bosses earned big as Telkom revenue fell

Telkom CEO Sipho Maseko. Picture: ARNOLD PRONTO
6 hour(s) ago

CEO Sipho Maseko’s total compensation at R12.3m while former chief financial officer Jacques Schindehütte received R18.8m compared with R6m a year earlier

Markets

Chinese jewellers’ woes bode ill for gold

Picture: REUTERS
6 hour(s) ago

Global demand for gold coins and bars fell 12% in the second quarter

National

Cango caves to stay open, says new DA team

Visitors at the  Cango Caves in Oudtshoorn. Picture: SUNDAY TIMES
7 hour(s) ago

New leadership in the strife-torn Oudtshoorn municipality moves quickly to ensure town’s leading tourist attraction stays open

National

Opposition halts ANC’s police rule

Police enter the Parliament building in Cape Town during President Jacob Zuma's state of the nation address on Thursday.  Picture: TREVOR SAMSON
6 hour(s) ago

Parliament’s rules committee members forced to back down over changes to rules on parliamentary protection services

Americas

Trump may have overestimated his net worth

Republican Presidential candidate Donald Trump addresses supporters during a political rally at the Phoenix Convention Center in Phoenix, Arizona. Picture: AFP
4 hour(s) ago

Bloomberg billionaires index reveals portfolio dominated by skyscrapers and golf courses. Donald Trump says he is worth more than $10bn

African News

Obama prods African leaders to do better

US President Barack Obama meets African Union chairwoman Nkosazana Dlamini-Zuma in Addis Ababa, Ethiopia, on Tuesday. Picture: AFP PHOTO/SAUL LOEB
6 hour(s) ago

US president ends landmark visit with speech focused on action against the scourges of entrenched corruption, tribalism and gender discrimination

African News

Niger strips opposition parliamentary leader of immunity

Niger President Mahamadou Issoufou. Picture: GCIS
6 minute(s) ago

Niger’s parliament strips head of opposition Moden party grouping of immunity from prosecution, opening way to his trial on charges of corruption, judicial sources say

Transport & Tourism

Satawu urges return of Prasa’s Montana

Lucky Montana. Picture: MARTIN RHODES
6 hour(s) ago

Union threatens to disrupt Passenger Rail Authority of SA unless former CEO Lucky Montana returns

Industrials

AECI’s strategy to diversify pays off

AECI CEO Mark Dytor. Picture: MARTIN RHODES
6 hour(s) ago

CEO Mark Dytor warns of investment confidence decline — manufacturing output in SA is ‘nowhere near where it was in 2008’

Telecoms & Technology

MTN shares sink as group warns of exchange rate hit

A vendor holds cellphones and airtime cards at a stall operated by MTN in Kigali, Rwanda. The industry is growing in leaps and bounds across the continent. File picture: BLOOMBERG
6 hour(s) ago

Group is also expected to provide information on the $1bn of funds in Iran following a nuclear deal

National

Banks warn Expropriation Bill will create risks for bond debtors

Dr Anthea Jeffery, left, of the Institute of Race Relations, and Deputy Public Works Minister Jeremy Cronin address the public hearings on the Expropriation Bill in Parliament on Tuesday. Pictures: TREVOR SAMSON
6 hour(s) ago

Bill allows state to expropriate private property and pay compensation equal to 80% of market value

View more

Cartoons

Picture: THINKSTOCK

A Mac user falls for the PC again

About eight years ago, after growing up with Windows computers and many games of Solitaire, I bought my first Mac, and never looked back — until now, writes Joanna Stern

Opinion & Analysis

Greeks paying, but getting nothing

Greek Prime Minister Alexis Tsipras’ brinkmanship has been as unhelpful in the sorry saga of the Greek crisis as German Chancellor Angela Merkel’s hardline approach. Picture: REUTERS
7 hour(s) ago

Statesmanship a missing factor in the sovereign debt crisis, writes Walter Baets

Health

Not an introvert or an extrovert? You may be an ambivert

Picture: THINKSTOCK
1 day(s) ago

Personality traits of extroversion, introversion fall on spectrum, scientists are now taking closer look at overlooked category in the middle

Opinion & Analysis

A guide to dealing with narcissistic bosses

Picture: THINKSTOCK
6 hour(s) ago

They’re envious of others and believe others envy them; and behave in an arrogant manner, writes Rean Du Plessis

Management

Standard toilets at work a pain in the backside

Picture: THINKSTOCK
7 hour(s) ago

Bathroom design can ease anxieties about spending a penny in the restroom at work, writes Rebecca Greenfield

Retail & Consumer

Gauteng backs probe into expansion of retail grocery sector in townships

Picture: SUNDAY TIMES
7 hour(s) ago

Entrepreneurs have been, and continue to be, crowded out of the market, writes Samuel Mungadze

Property

Spate of malls reflects an African metamorphosis

Zambians walk past a Shoprite store in the capital Lusaka. South African-built shopping malls in Zambia and many other African countries are changing the way locals shop. Picture: REUTERS/SALIM HENRY
6 hour(s) ago

South African-built shopping malls in Zambia and many other African countries are changing the way locals shop, writes Andrew England

Cricket legend Clive Rice. Picture: ROBERT BOTHA/BUSINESS DAY

Ricey, the 4x4 of all-rounders, always spoke his mind

Clive Rice’s legacy will endure — in part as the first captain of a post-isolation SA cricket team he captained on the ground-breaking three-game tour to India in 1991

Cricket

Bring out the sun, we can take the heat, says Morkel

Morne Morkel. Picture: GALLO IMAGES/DUID DU TOIT
8 hour(s) ago

Morné Morkel declares he is suffering from ‘cabin fever’, having to shelter indoors from Bangladesh’s monsoon rains, and is ‘hungry’ to get out there and do his thing

Soccer

Soccer youngsters face tough Zimbabwe encounter

Picture: THINKSTOCK
8 hour(s) ago

Owen da Gama not stressing this week ahead of the second leg 2016 Rio Olympics qualifier against Zimbabwe despite not having a full squad yet.

Other Sport

‘Triumph over evil’ as Jewish Olympics open in Berlin

The Waldbuehne arena near the German capital Berlin, where the Maccabi Games are taking place. Picture: REDFERNS/ROB VERHORST
8 hour(s) ago

Visitors from Europe, Israel, the Americas and Australia hail the event — held 70 years after the Holocaust — as a symbol of reconciliation

Soccer

Platini plans to throw hat in for Fifa presidency

Uefa president Michel Platini attends a Euro 2016 meeting  on March 12  in the central French city of Lyon. Picture: AFP PHOTO/JEFF PACHOUD
8 hour(s) ago

Uefa chief Michel Platini to vie for Fifa presidency possibly against Jordan’s Prince Ali bin Al Hussein and South Korean Chung Mong-joon

Rugby

Return of wounded Boks opens up the options for coach Meyer

OPTIMISTIC VIEW OF FUTURE: Springbok coach Heyneke Meyer during the Springbok training and media session at Northwood High School in Durban last month. Picture: GALLO IMAGES
8 hour(s) ago

Good news for coach Heyneke Meyer as flank Francois Louw and tighthead prop Jannie du Plessis are not in danger of missing the World Cup

Cricket

Cook backs squad marching on Belly at 3

Out-of-form England batsman Ian Bell, affectionately known as Belly, studies the Edgbaston pitch in Birmingham in advance of the third Ashes Test against Australia starting on Wednesday. Captain Alastair Cook is counting on a return to form for the veteran. Picture: AFP PHOTO/PAUL ELLIS
8 hour(s) ago

England’s most experienced batsman at No 3 for the third Ashes cricket Test at Edgbaston

Opinion

Racist Russians and feeble Fifa could be in for a shock come 2018

‘Gross and ugly’ racism in Russian football a black cloud over the 2018 World Cup

Standard Bank

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The Third Umpire

Former Prasa chief engineer Daniel Mtimkulu. The rail agency is demanding that he refund money earned during the years he held the position, after it emerged that he falsely claimed to hold a doctorate in engineering.

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Telecommunications and Postal Services Minister Siyabonga Cwele, who has been so conspicuous by his absence despite the problems experienced by the SA Post Office that he may as well be a spy in deep cover.

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Barack Obama, the first US president to address the African Union, for making the effort to focus on US-Africa relations as his second term draws to an end. May it be as fruitful as his Cuban and Iranian interventions.

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