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A worker walks past a board outside Anglo American offices in Johannesburg. Picture:  REUTERS/SIPHIWE SIBEKO

Anglo American cuts debt despite a tough first half

50 minute(s) ago

The diversified miner had to contend with falling prices for most of its commodities, but cuts in costs and capital spending helped its cash flow

Telecoms & Technology

MTN on track for Nigerian listing next year

A man passes an MTN board in Lagos, Nigeria.  Picture:  AFP PHOTO/PIUS UTOMI EKPEI
40 minute(s) ago

The cellphone company is listing its Nigerian unit, after settling a long-running dispute with the Nigerian government with a reduced $1.7bn fine

Energy

Joemat-Pettersson orders fuel fund probe

Tina Joemat-Pettersson. Picture: TREVOR SAMSON
4 hour(s) ago

The energy minister says the Central Energy Fund shares her concern over ‘lapses in governance’ involving large and risky transactions

Energy

Policy not set by Eskom CEO, says Gordhan

Brian Molefe. Picture: TREVOR SAMSON
4 hour(s) ago

Finance Minister Pravin Gordhan says the independent power producers programme is still a key state policy

Politics

Marius Fransman turns to ANC constitution in second round of legal tussle

SHAKER:  ANC Western Cape chairman Marius Fransman, front left, greets President Jacob Zuma during their election road show in Cape Town. Fransman has asked the high court to formally reinstate him to his party position after the issue has sown dissension in ANC ranks. Picture: THE TIMES
5 hour(s) ago

The party's leader in the Western Cape is seeking a declaratory order from the High Court on his position

Retail & Consumer

AB InBev takeover stalls on final offer

Anheuser-Busch InBev and SABMiller branded beers. Picture: BLOOMBERG/HALDEN KROG
4 hour(s) ago

SABMiller orders staff dealing with integration to halt work as megabrew merger slides to a halt

Asia-Pacific

Is this the end of the line for the Boeing 747?

LONG HAUL:  An Iran Air Boeing 747SP. Iran is eager to renew its fleet of ageing aircraft. Picture: REUTERS/MORTEZA MIKOUBAZI
1 hour(s) ago

Boeing has warned it might cease production of the ‘Queen of the Skies’, the wide-body plane that is a favourite among global leaders, as orders slow to a trickle

Americas

WikiLeaks posts audio recordings from Democratic Party hack

Democratic presidential candidate Hillary Clinton and Bernie Sanders stand together during a campaign rally. Picture: REUTERS/BRIAN SNYDER
1 hour(s) ago

Links to the 29 recordings are posted on Twitter, include a message from a Hillary Clinton supporter complaining about Bernie Sanders being given ‘too much influence’

National

Rain brings relief to parched KwaZulu-Natal farms

Picture: RUSSELL ROBERTS
4 hour(s) ago

KwaZulu-Natal has been hardest hit by drought and is one of five provinces declared disaster areas

One of the biggest headaches for Eskom’s nuclear bid is that no one seems to be able to provide an objective price for nuclear energy, says the writer. Picture: REUTERS

Is Eskom building a case for nuclear power?

Freeze on agreements with independent power producers strengthens the case for direct procurement by municipalities and metros, writes Saliem Fakir

Columnists

Bronwyn Nortje: Eskom doesn’t want you to know a mix of new-build renewables; gas now cheaper than proposed mix of existing coal and nuclear builds

The right energy mix is what matters the most

Columnists

Natasha Marrian: Unfolding drama in our body politic is a clear indication that the ANC is in serious decline

What's behind the ANC’s displays of odd behaviour?

Politics

Opinion polls show ANC losing control of major metros after polls

The ANC launches its manifesto for the August 3 municipal elections in which polls suggest it will struggle to hold several metros. Picture: SOWETAN
18 hour(s) ago

The ANC’s support looked set to slip to 31% in Johannesburg from 59% in the 2011 local elections, an Ipsos survey shows

National

Do you live along SA’s tornado belt?

Phumulani Mall in Tembisa, northeast of Johannesburg, was  struck by a tornado on Tuesday, causing damage to part of the shopping centre’s roof and to vehicles parked outside. Gauteng  continued to be affected by extreme   weather for a second day on Tuesday. Picture: ER24
13 hour(s) ago

Tornadoes can creep up wherever a thunderstorm is brewing‚ especially along the country’s tornado belt

National

Davies awaits next move from Harare

Trade and Industry Minister Rob Davies. Picture: GCIS
4 hour(s) ago

SA will not adopt a hard-line stance because Zimbabwe’s domestic industries are in distress, says Rob Davies

Americas

In contrast to Trump, Obama lays out optimistic vision for US

US President Barack Obama speaks about the death of Supreme Court Justice Antonin Scalia  at Rancho Mirage, California, on Sunday. Picture:   REUTERS/KEVIN LAMARQUE
3 hour(s) ago

In a rousing speech at the Democratic National Convention Obama offers full-hearted support to Hillary Clinton

Financial Services

Dischem gets RAC nod for likely listing

Piet Viljoen. Picture: HETTY ZANTMAN
4 hour(s) ago

Investment firm RECM and Calibre reveals for the first time the value of its interest in Dischem

What is happening in the US is not only the outcome of a justice system that makes a mockery of its name, it is the result of an economic system that has perpetuated and often glorified social inequalities, says the writer. Picture: REUTERS/ERIC THAYER

Black Americans’ lot shows it is not about creating wealth

There is a need for a more inclusive economy, where blacks have more opportunities to live a decent life, writes Lorenzo Fioramonti

Retail & Consumer

Dire warnings can’t stop BAT from selling 332-billion cigarettes in six months

A man arranges cigarettes in a shop in central London, the UK. Picture: Organisations such as the Tobacco Free Portfolios Initiative are pushing for corporate divestment in the industry. Picture: EPA / FACUNDO ARRIZABALAGA
39 minute(s) ago

The tobacco company’s sales have slipped in some regions, such as Australia, but surged in others, like Western Europe

Europe

Lloyds to make deeper cost cuts to offset fallout from Brexit

Lloyds Bank. Picture: BLOOMBERG/JASON ALDEN
1 hour(s) ago

Lloyds Banking Group says it will accelerate its cost cutting plan in response to a likely drop in demand for credit after the UK voted to leave the EU

Property

Investors the big winners after huge property merger

Picture: THINKSTOCK
13 hour(s) ago

Fortress shareholders can look forward to a more than 90% increase in dividend per share than in 2015 following some of the strongest growth in the sector

Asia-Pacific

BHP Billiton adds to red ink for 2016 with $1bn-plus Brazil charge

BHP Billiton. Picture: BLOOMBERG
1 hour(s) ago

Mining company’s provision of up to $1.3bn to cover the costs of the Brazilian dam disaster in 2015 will put it on course to report its worst annual loss

National

Community groups threaten political parties’ voter base

Picture: THINKSTOCK
4 hour(s) ago

The rise of community-backed independent candidates poses a real threat to political parties in the August poll

Financial Services

Investec bonuses snag on UK rules

Picture: ISTOCK
4 hour(s) ago

Investec CEO Stephen Koseff's bonuses are more than quadruple his salary and may infringe on UK rules capping variable pay

Economy

SA will dodge recession, says Reserve Bank

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
4 hour(s) ago

The IMF expects the economy to grow by 0.1% in 2016 while the Reserve Bank forecasts zero growth

Americas

Trump not capitalising on Obama’s lost people

US President Barack Obama heads for the Oval Office at the White House in Washington, DC, the US, on Wednesday. Picture: EPA/JIM LO SCALZO
4 hour(s) ago

Minorities carried president to office but have been the biggest losers, writes Toluse Olorunnipa

National

Makhura’s new broom battles to sweep clean

ACTION MAN:  Gauteng Premier David Makhura has started a pilot programme to open tender adjudication to public scrutiny; has made surprise calls on public servants, to check attendance at work; and has set up a ‘service delivery war room’ to collect data on basic services in communities and to monitor progress. Picture: FREDDY MAVUNDA
4 hour(s) ago

Gauteng premier David Makhura has made progress, but provincial sphere cannot greatly influence jobs and safety, writes Carol Paton

Energy

Sasol ready for strike in petroleum sector

Picture: BUSINESS DAY
4 hour(s) ago

Sasol says it has contingency plans in place as about 15,000 Ceppwawu workers down tools over wage demands

Asia-Pacific

NEWS ANALYSIS: Irony of China’s iron-ore miners seeking protection

SLOWDOWN CONTINUES: A labourer walks past piles of steel coils at a steel wholesale market in China. The country’s economic growth slowed to 7.5% in the second quarter. Picture: REUTERS
4 hour(s) ago

Chinese iron-ore miners’ complaints underscores the multitude of challenges facing the world’s biggest steel industry, writes Clyde Russell

National

Danny Jordaan: Nelson Mandela Bay metro could become investment hub

Danny Jordaan.  Picture: SOWETAN
4 hour(s) ago

The metro’s mayor says R30bn in job-creating investment flowed in over the past year and there’s more the pipeline

Europe

Standard Chartered appoints chairman

Picture: THINKSTOCK
4 hour(s) ago

Standard Chartered names former Bank of Spain executive José Viñals as its new chairman after a 16-month search

Americas

Fed leaves benchmark rates steady

Federal Reserve. Picture: AFP PHOTO/KAREN BLEIER
13 hour(s) ago

The Federal Reserve says near-term risks to the US’s economic outlook have diminished and job gains remain strong

Financial Services

Weather leads to spike in short-term insurance claims

Phumulani Mall in Tembisa, northeast of Johannesburg, was  struck by a tornado on Tuesday, causing damage to part of the shopping centre’s roof and to vehicles parked outside. Gauteng  continued to be affected by extreme   weather for a second day on Tuesday. Picture: ER24
4 hour(s) ago

All insurers see a sharp rise in claims for July amid severe weather, including tornadoes in Tembisa

National

Police look to prevent violence disrupting elections

Picture: SUNDAY TIMES
4 hour(s) ago

The Institute for Security Studies has raised concerns that the IEC is being targeted in political protest hotspots

View more

Cartoons

Yoga classes will be a major feature of the planned High Court chain of wellness clubs that will soon open at its first site in lower Manhattan, New York. Picture: BLOOMBERG

Luxury yoga chill zones aim to ease big city stress

Wellness entrepreneurs offer an alternate universe of yoga-based ‘intelligent leisure’ including health, luxury, and exclusivity, writes Deena Shanker

Health

Algae may be the answer to world’s food problems

Algae has been popular in Asia for centuries and is becoming increasingly popular in the West, as it is highly nutritious. There are 145 species consumed in the world and France grows 24 species on the Brittany coast. Picture: ISTOCK
4 hour(s) ago

Algae is an alternative marine nutrition solution, one that could significantly help, if not guarantee, mankind’s survival, writes JP Géné

Books

Coetzee in line for a third Man Booker Prize

Picture: THINKSTOCK
16 hour(s) ago

He is on a longlist for the prize for his latest novel, The Schooldays of Jesus‚ which is a sequel to his 2013 novel, The Childhood of Jesus

Motoring

INTERNATIONAL LAUNCH: Audi chasing the younger buyer with the Q2

The Q2’s design might look familiar but the new Audi design boss has made significant changes in the corporate look.  Picture: AUDI MEDIA SERVICE
3 hour(s) ago

The Q2 was guaranteed to be a hot seller unless Audi messed it up. It didn’t

Motoring

LAUNCH NEWS: Mercedes-Benz shooting for the stars

Mercedes has introduced the coupe version of its AMG C63.  Picture: MERCEDES-BENZ
3 hour(s) ago

Mercedes has launched a number of new and not-so-new models, writes Mark Smyth

Motoring

LAUNCH NEWS: Renault Kadjar — making life a little more convenient

Renault has expanded its Kadjar range.   Picture: QUICKPIC
3 hour(s) ago

Lerato Matebese samples the latest additions to Renault’s Kadjar range, which now includes automatic transmissions

Motoring

FUTURE MODELS: Audi’s flagship Q8 gets a sibling

Expect the new A8 and the Q8 SUV to take cues from the Audi Prologue concept.  Picture: NEWSPRESS UK
3 hour(s) ago

Audi’s top-end Q8 is to sit alongside its A8 limousine, writes Michael Taylor

GAME BREAKERS: Lima Sopoaga, and Elton Jantjies have the ability to turn Saturday’s semifinal in a flash. Pictures: GETTY IMAGES/GALLO IMAGES

Jantjies and Sopoaga in titanic clash

De Klerk will test himself against the original version on Saturday

Soccer

Sundowns make the semis after nailing Zamalek

WINNER:  Khama Billiat, second right, celebrates his goal with Sundowns teammates Leonardo Castro, third right, and Keagan Dolly during the  Confederation Cup match against Medeama of Ghana at Lucas Moripe Stadium in Pretoria. Picture: SAMUEL SHIVAMBU/BACKPAGEPIX
5 hour(s) ago

Zamalek opened up a bit in the second half and entered the Sundowns box a few more times than they did in the first

Rugby

Blitzboks ready for Rio showdown

GOOD FIT: Tim Agaba manages to combine physicality with  speed and skill. Picture: GALLO IMAGES
5 hour(s) ago

Only De Jongh made the final 12-man cut with Hougaard on standby as one of two formal reserves

Cricket

New era to start for Black Caps in Zimbabwe Tests

Kane Williamson. Picture: GETTY IMAGES
5 hour(s) ago

Williamson will become New Zealand’s 29th Test captain when he leads the Black Caps after taking over from Brendon McCullum

Other Sport

More Russians banned in mounting Olympic toll

Yulia Efimova. Picture: REUTERS/STEFAN WERMUTH
5 hour(s) ago

It remains to be seen how many will actually take part in the Games because several federations have yet to weigh in

Standard Bank

JSE Sens

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The Third Umpire

US President Barack Obama’s half-brother, Malik Obama, apparently admires Donald Trump’s “down-to-earth” yet demagogic politics and inward-looking policies over those of his sibling and Hillary Clinton. Thanks, Obama.

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Finance Minister Pravin Gordhan, who has ratcheted up the pressure on his cabinet colleagues, and especially the president, over SAA by withholding new financial guarantees until a new board has been appointed.

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Proteas bowling sensation Kagiso Rabada, whose phenomenal performance in all three formats of the game in the past season earned him an unprecedented six awards at the annual Cricket SA prize-giving on Tuesday.

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