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Financial Services

FNB preferred bidder for Gauteng government’s banking tender

Picture: SUNDAY TIMES
17 hour(s) ago

But bank has one more hurdle to cross before it clinches tender — an independent probity team has to draft report in which it recommends FNB as tender winner

Europe

Tsipras dismisses Europe’s warnings to Greece on vote

Greek Prime Minister Alexis Tsipras is seen on a television monitor while addressing the nation in Athens, Greece on Friday. Picture: REUTERS
16 hour(s) ago

Prime Minister Alexis Tsipras accuses European partners of blackmailing and issuing ultimatums to Greece

Economy

Government switches bonds to relieve pressure

Nhlanhla Nene. Picture: TREVOR SAMSON
20 hour(s) ago

Finance Minister Nhlanhla Nene says intention of bond-switch programme is to ease pressure on targeted areas of bond redemption profile

National

NPA ‘sidesteps’ merits of case against Zuma — again, says DA

Glynnis Breytenbach. Picture: THE TIMES
20 hour(s) ago

Democratic Alliance says National Prosecuting Authority has again failed ‘to deal with merits’ of application to have prosecution of President Jacob Zuma case reinstated

Law & Constitution

Masipa voices concern about state ignoring court rulings

Judge Thokozile Masipa delivers her judgment in the trial of Olympic and Paralympic track star Oscar Pistorius at the North Gauteng High Court in Pretoria on Thursday.   Picture: REUTERS
1 day(s) ago

Judge Thokozile Masipa warns that if state does not lead by example in respecting court rulings, there is cause to fear for the future

Transport & Tourism

Five shot in protests over Putco routes

People walked distances to try to reach their work places after state bus operator Autopax failed to find drivers for some of the routes it took over from Putco recently. Picture: SOWETAN
23 hour(s) ago

Taxi driver protest over who will take over routes abandoned by Putco turns even more violent as a driver, four passengers are shot

African Business

Orange is open to share sale of African, Middle Eastern business

Orange. Picture: BLOOMBERG/DAVID RAMOS
23 hour(s) ago

Orange SA says it remains open to selling shares in Africa and Middle Eastern unit or bringing in strategic or financial partner as phone company reviews options for region

Energy

Eskom freezes job cuts to retain vital skills

Picture: SUNDAY TIMES
1 day(s) ago

Jobs growth has averaged 20% a year since 2008 even as electricity output fell amid frequent breakdowns of ageing coal-fired generation plants

Vodacom branding on the Ponte Building in Hilbrow, Johannesburg, in 2011. Picture: GALLO IMAGES/FOTO24/FELIX DLANGAMANDLA

EDITORIAL: Opaque Vodacom deal is of concern

Murky deal raises concerns about the role of the PIC and its relationship with the government and the governance of the public fund manager

Columnists

Michael Fridjhon promo

Like all high-end purchases, deluxe wine occupies its place on the pricing spectrum as a result of an implicit contract and a social conspiracy, ...

What separates cheap plonk from trophy wine?

Columnists

It is time we stop pinning our hopes on a ‘messiah’ and begin having a more honest conversation about the low standards we hold ourselves to, writes ...

Ramaphosa’s not the deliverance ANC, SA anticipate

African News

East African leaders to meet over Burundian crisis

Burundi election line. Picture: AFP / PHIL MOORE
17 hour(s) ago

Leaders are to meet on Monday in latest bid to resolve political crisis in Burundi, after controversial elections are internationally condemned for not being free and fair

Americas

US regulator takes aim at Chrysler

Chrysler Group CEO Sergio Marchionne.  Picture: REUTERS
19 hour(s) ago

Federal regulators are likely to take action against Fiat Chrysler Automobiles over lapses in handling older Jeeps tied to fiery rear-end crashes

National

Ivory shipment worth R4m halted at OR Tambo

A government official carries a box of ivory products at a confiscated ivory destruction ceremony in Beijing. REUTERS/KIM KYUNG-HOON/FILES
22 hour(s) ago

South African Revenue Service officials intercept 267kg of ivory at OR Tambo International Airport in transit to Vietnam from Zimbabwe

Education

Manufacturing Seta official loses dismissal appeal

Picture: THINKSTOCK
18 hour(s) ago

Takalani Murathi, former senior official of manufacturing Seta, loses appeal against dismissal after earlier being found guilty of fraud

African News

Two years after Mursi, Egypt stuck in turmoil

A woman sings at the funeral of Egyptian public prosecutor Hisham Barakat, on the second anniversary of the June 30 protests that toppled former president Mohamed Mursi, in Cairo, Egypt on Tuesday. Picture:  REUTERS/MOHAMED ABD EL GHANY
17 hour(s) ago

Two years after army deposed president Mohamed Mursi, Egypt is being racked by brazen Islamic State group attacks in Sinai Peninsula and brutal government repression

Noord Street taxi rank in Johannesburg is part of a much larger system that has democratised the movement of people. Picture: SUNDAY TIMES/ERIC MALEMA

Minibus taxis should get a subsidy

Taxi industry will need radical reorganisation including accounting systems and management controls to assure the government that any public funds will be properly used, writes Paul Browning

Asia-Pacific

Alibaba arm wants to become Chinese services juggernaut

Alibaba.com's head office in Hangzhou, Zhejiang Province, China. Picture: BLOOMBERG
22 hour(s) ago

Ant Financial Alibaba has designs on becoming all-round Chinese giant, is willing to let investors join in as it takes on entrenched state-run institutions

National

EFF to lay charges against Ramaphosa and Mthethwa for Marikana

Deputy President Cyril Ramaphosa briefs the media on the new e-tolls dispensation on Wednesday.  Picture: GCIS
1 day(s) ago

Economic Freedom Fighters concerned Deputy President Cyril Ramaphosa and former police minister Nathi Mthethwa will go unpunished for massacre of striking Lonmin mineworkers

Property

Melrose Arch seeks more residents

Meago Asset Managers executive director Jay Padayatchi says retail at Melrose Arch is not performing as planned. Picture: ROBERT TSHABALALA
1 day(s) ago

A R450m residential development launched to boost number of wallets heading to Melrose Arch

Industrials

ArcelorMittal takes a hit as sector bleeds

Picture: THINKSTOCK
1 day(s) ago

Steel giant has lost nearly 53% of its value since January, totalling a loss of 84% since September 2011

Europe

General Electric butters up EU regulators over Alstom deal

Steve Bolze, CEO of GE Power & Water, is part of a team meeting European Union regulators over GE’s €12.4bn bid for French multinational Alstom’s energy unit. Picture: BLOOMBERG/AARON M SPRECHER
1 day(s) ago

GE Power & Water chief Steve Bolze likely to call for a broader assessment of the sector to take into account Chinese rivals, which the commission has excluded from its review of competition

African News

Three new Ebola cases in Liberia

A health worker injects a woman with an Ebola vaccine during a trial in Monrovia, Liberia, in February. Liberia’s testing of experimental vaccines involves thousands of volunteers. Picture: REUTERS
1 day(s) ago

Disease re-emerges nearly two months after the outbreak was declared over

Europe

Helios looks for investment partners

Helios chief operating officer Henry Obi says its Fund III has more than $800m looking for a home. Picture: FREDDY MAVUNDA
1 day(s) ago

Africa-focused private equity firm 'well placed to share knowledge with South African companies' and has about $800m to invest in businesses in Africa

Transport & Tourism

Uber says police pick on drivers for their nationality

The Uber logo is seen on a vehicle near Union Square in San Francisco, California May 7, 2015. REUTERS/ROBERT GALBRAITH
1 day(s) ago

Cape Town’s Uber drivers complain of racial profiling by police and lengthy waiting times for licence approvals

Economy

Private-sector activity falls to 11-month low

Picture: THINKSTOCK
1 day(s) ago

Standard Bank purchasing managers index shows that output, new orders declined in June as economy weakened, demand subsided

Economy

Consumer confidence plunge to test Bank

Picture: THINKSTOCK
1 day(s) ago

Timing of interest rate hike will weigh growth against inflation as collapse in consumer confidence provides strongest indication yet of troubled state of the economy

Growth Engines

Three innovative local businesses win honours at The Growth Engines awards

Pavlo Phitidis. Picture: SUPPLIED
1 day(s) ago

Business ventures GridCars, Qrent and Bespoke Amenities Co scoop awards for successful innovations and for raising the bar in entrepreneurship

Land & Agriculture

Nestlé commits to growing chicory industry

Picture: REUTERS
1 day(s) ago

State and Nestlé SA sign a five-year commitment aimed at raising chicory output at Alexandria factory and creating 870 new jobs

Mining

Land claim threatens community’s Lonmin deal

Rural Development and Land Reform Minister Gugile Nkwinti addresses the media after his budget vote to the National Assembly on Friday.  Picture: TREVOR SAMSON
1 day(s) ago

Multimillion-rand equity deal between Lonmin and a Marikana community could be in jeopardy due to a revived land claim

Health

SA has UN’s HIV testing goal in sight

Picture: THINKSTOCK
1 day(s) ago

SA to meet United Nations’s goal of diagnosing 90% of HIV-positive adults by 2020, an important for gauging the effect of countries’ HIV programmes

National

NEWS ANALYSIS: Migration operation a precursor to border agency

Defence force members in Mayfair, Johannesburg, on Monday during a crime prevention exercise with police and government officials. Picture: SOWETAN
1 day(s) ago

The new migration approach will be elaborated in the green paper to be released by March 2016, writes Khulekani Magubane

Transport & Tourism

Child advocacy groups back new visa rules

Picture: SUNDAY TIMES
1 day(s) ago

Save the Children, ChildlineSA, the United Nations Children’s Fund, Molo Songololo and World Vision back stringent travel papers and argue children’s safety most important

Motoring

Rivalry in one-tonner vehicle market intensifies

The first sketch of the 2017 Mercedes bakkie.  Pictures: QUICKPIC and NEWSPRESS
1 day(s) ago

Mercedes-Benz among those bringing out new high-end bakkies, writes Mark Smyth

Telecoms & Technology

Sadc agrees on new target for digital TV

Faith Muthambi. Picture: GCIS/NTSWE MOKOENA
1 day(s) ago

Southern African Development Community states agree to complete migration process by next June — ambitious since most have not yet started

Picture: PRETORIA STATE THEATRE

Musical about Marikana shines the spotlight on sociopolitical theatre

Although writer-director Aubrey Sekhabi avoids commenting on political aspects of killings and their aftermath, he says he hopes musical will contribute to a healing process

Opinion

LIQUID INVESTMENTS: What separates cheap plonk from a wallet-whacking trophy wine?

Like all high-end purchases, deluxe wine occupies its place on the pricing spectrum as a result of an implicit contract and a social conspiracy

Management

Five things to look for when you’re hiring for innovation

Picture: THINKSTOCK
21 hour(s) ago

With digital firms bringing new business models to most industries, traditional companies are under pressure to step up innovation, writes Nevo Hadas

Gadgets & Gear

Casio bets on a watch that tries to be smart

A Moto 360 smartwatch is seen in this Motorola Mobility handout image. Picture: REUTERS
21 hour(s) ago

Watchmaker hopes its expertise will help it outmanoeuvre technological wizardry of Apple Watch with smartwatch that is comfortable, durable

Arts & Entertainment

ON THE STAGE: Satirists centre stage at festival

Tara Notcutt Picture: NATIONAL ARTS FESTIVAL
1 day(s) ago

This year’s National Arts Festival has chosen the art (and artfulness) of satire as this year’s featured ‘artist’ in response to the roiling sociopolitical climate

Arts & Entertainment

Turbine fair cranks up art exposure

Picture: TURBINE ART FAIR
1 day(s) ago

Lack of pretension, community-centred objectives and the professionalism are the hallmarks of this exceptional exhibition-art fair, writes Sue Blaine

JP Duminy says the Proteas have new goals as a team and as individuals ahead of the series in Bangladesh. The series starts with a T20 international in Dhaka on Sunday. Picture: DUIF DU TOIT/GALLO IMAGES

SA’s quest for T20 glory starts in Fatullah

Getting all in order for the World T20 matters more than winning

Other Sport

Hamilton’s heart is on home track

Mercedes’ Lewis Hamilton wants to lift the trophy at Silverstone this weekend when he races in front of a home crowd with only a 10 point lead over Nico Rosberg. Picture: REUTERS /OLIVIA HARRIS
1 day(s) ago

World champion Lewis Hamilton bids to beat Mercedes teammate Nico Rosberg in the British Grand Prix this weekend

Other Sport

Murray keeps his serve while Federer shows his nerve

Andy Murray of Britain is all concentration on his way to victory over France’s Jeremy Chardy during their second round match at the Rome Open on Wednesday. Picture: REUTERS
1 day(s) ago

Defending women’s champion Petra Kvitova beat Japan’s Kurumi Nara 6-2 6-0 in just under an hour

Rugby

Balanced Bok side can win cup, says Schalk Burger

Veteran player Schalk Burger during the Springbok training camp at St Peter’s College in Johannesburg on Monday. Picture: DUIF DU TOIT/GALLO IMAGES
1 day(s) ago

World Cup veteran Schalk Burger believes a mix of old heads and some of the young talent could see the Boks go all the way

Other Sport

Delpech and Marcus target Durban July record

Picture: THINKSTOCK
1 day(s) ago

Jockeys Anthony Delpech and Anton Marcus want to beat record four wins at SA’s most famous race

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The Third Umpire

ANC secretary-general Gwede Mantashe for rehashing past comments by Deputy Chief Justice Dikgang Moseneke on the concentration of power in the Presidency in an attempt to justify the party’s attack on the judiciary.

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Amplats CEO Chris Griffith. The debt counselling service he introduced is helping over-indebted employees escape the debt trap that is believed to have been partly responsible for the sector’s chronic labour instability.

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Newly elected Nigerian President Muhammadu Buhari, who has dashed hopes of swift action on corruption, the economy and religious extremism by delaying the appointment of a cabinet until September.

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