• Monday, March 02 2015
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Kagiso PMI falls in February

1 hour(s) ago

Kagiso purchasing managers index shows activity in manufacturing sector contracted for first time in four months as sector ‘takes strain’


Bidvest lowers ambition of full takeover of Adcock

A sign outside the Adcock Ingram offices in Johannesburg in December  2013. Picture: REUTERS
1 hour(s) ago

Industrial conglomerate lowers ambition of full takeover of Adcock Ingram following sharp rise in share price of struggling drug-maker


PetroSA plans to cut jobs on slow Mthombo

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMES
7 hour(s) ago

National oil company to cut staff numbers by up to 40% as revenue spirals

Financial Services

Nedbank’s BEE share shrinks

Dr Reuel Khoza addresses the World Summit on Sustainable Development in Johannesburg. His retirement in May marks the end of an era. Picture: UNITED NATIONS
7 hour(s) ago

Further dilution looms as deal matures, raising questions on another deal to meet financial sector code target


Cosatu firm on public sector pay rise

Cosatu. Picture: REUTERS
7 hour(s) ago

Chief negotiator Mugwena Maluleke warns lack of progress in the wage talks could result in a strike


SA engineers condemn hiring of Cubans for water projects

Water from a burst pipe shoots  into the air next to a road near Motherwell, Port Elizabeth.  Picture: THE HERALD
6 hour(s) ago

Local engineers not given the chance to apply for jobs with same incentives as the Cubans in rural communities and elsewhere


A tale of two narratives — with the truth hidden somewhere inbetween

Tom Moyane. Picture: TREVOR SAMSON
6 hour(s) ago

Destabilisation of SARS is likened to a shark-feeding frenzy by a coalition of the unsavoury including rival state entities, writes Natasha Marrian

A newspaper with its frontpage headline on an abduction of women from a village in northeast Nigeria, is displayed at a vendor's stand along a road in Ikoyi district in Lagos, Nigeria. Picture: REUTERS

Boko Haram is on the run but can a lasting peace be found?

It is time for the international community to take seriously the evidence of outside financial sponsors, writes Phillip van Niekerk


It is extremely important that the integrity of the institution is left intact, while facts are properly established, writes Songezo Zibi

UNEMBARGOED: Credibility of SARS in the balance


Gavin Keeton

State must focus on securing higher levels of investment and encouraging job creation wherever possible, writes Gavin Keeton

Government must face up to its failed policies


Four homes destroyed in Muizenberg fire

A firefighter tries to stop a blaze in Cape Town on March 2 2015. Picture: EPA/NIC BOTHMA
2 hour(s) ago

Cape Town Disaster Risk Management says there are 28 fire-fighting vehicles, 16 supporting vehicles on scene of Western Cape fire


ECONOMIC WEEK AHEAD: Data expected to show slowing manufacturing

6 hour(s) ago

So far the country has done very well in attracting capital despite all its challenges, writes Ntsakisi Maswanganyi


Eskom’s low capacity blamed for power delay

Department of Energy acting director-general Wolsey Barnard speaks at the Energy Indaba held at the Sandton Convention Centre on Tuesday. Picture: RUSSELL ROBERTS
6 hour(s) ago

Frustration over postponements in naming successful bids for the fourth round of renewable power by independent power producers

Law & Constitution

The Pillay case tests the limits of what SARS can or cannot do in law

An illegal immigrant is arrested in Korsten, in the Eastern Cape, after a chase on foot involving customs officers in this file photo. The Customs and Excise Act goes further than other laws affecting SARS in granting powers to officials. Picture: THE HERALD/ B-JAY PIERCEY
6 hour(s) ago

As documents slowly trickle into the public domain, separating gossip from verifiable truth remains a continuing task, writes Franny Rabkin


Lobbying of politicians no longer an ‘infamous employment’

Justice Swayne has warned that a preponderance of paid lobbying is a harbinger of the decay of the public morals, writes John Kay


Candidates for top finance jobs face tougher vetting process

1 hour(s) ago

More than one in 10 people in line for top jobs in British finance pull out during regulatory assessment process that has become tougher since the financial crisis


Chelsea are League Cup champions

Chelsea’s England defender Gary Cahill, top, and teammates celebrate at the final whistle in the English League Cup final against Tottenham Hotspur at Wembley Stadium in London on Sunday. Chelsea won 2-0. Picture: AFP PHOTO/IAN KINGTON
7 hour(s) ago

Victory completed a satisfying day for Premier League leaders Chelsea, who saw closest rivals Manchester City beaten by Liverpool earlier


Ramaphosa visit to SKA site affirms support

Naledi Pandor and Cyril Ramaphosa at one of the two MeerKAT dishes that have so far been built. Picture: TREVOR SAMSON
6 hour(s) ago

Treasury’s trim to the SKA budget is relatively minor, says scientists, and will not affect construction deadlines or instruments’ capabilities


Redefine targets UK and Germany

Redefine Properties International CEO Mike Watters. Picture: FINANCIAL MAIL
6 hour(s) ago

Redefine’s investment portfolio sits mainly in Europe and is valued at more than £1bn


Platinum price ‘set to remain weak’

Heaps of platinum ore before the refinery process. Picture: SUNDAY TIMES
6 hour(s) ago

The main unknown in the market are the opaque above-ground stocks, which many in the market say have kept platinum prices subdued

African News

Results trickle in after Lesotho’s snap polls

Lesotho Independent Electoral Commission marshalls start the counting process at the end of the voting process of the Lesotho parliamentary elections at a polling station on Saturday in Maseru, Lesotho. Picture: AFP
19 hour(s) ago

Results slow to come in, with only a few districts tallied and none officially declared by the Independent Electoral Commission


Zuma praises SACP veterans as their remains arrive in SA

President Jacob Zuma addresses the formal reception service of the mortal remains of struggle stalwarts, Moses Kotane and John Beaver Marks held at Waterkloof Airfoce Base, Pretoria on Sunday. Picture: GCIS
19 hour(s) ago

Remains of SACP stalwarts Moses Kotane and John Beaver Marks arrive from Russia for state funeral in North West


ECB to unveil eurozone QE programme details

European Central Bank president Mario Draghi addresses a news conference in Frankfurt, Germany, on Thursday.  Picture: REUTERS
7 hour(s) ago

Since ECB chief Mario Draghi announced its QE policy, the euro continues its decline against the dollar and yields on most eurozone government bonds fall

Trade & Industry

Bidvest lifts first-half profit as food service unit proves robust

Brian Joffe. Picture: MARTIN RHODES
1 hour(s) ago

Bidvest reports 5% increase in half-year profit, helped by strong performance at its food service unit and favourable currency swings


North Korea fires missiles off coast

A policeman stands guard as anti-war activists hold placards during a rally against South Korea-US joint military exercises, called Key Resolve and Foal Eagle, in front of the US embassy in Seoul on Monday. Picture: AFP
1 hour(s) ago

Defiant response from Pyongyang to annual military exercises between South Korea, US, draws swift protest from Japan


POLITICAL WEEK AHEAD: Zuma faces no-confidence vote in Parliament

President Jacob Zuma. Picture: TREVOR SAMSON
6 hour(s) ago

Key question facing Deputy President Cyril Ramaphosa will be about when he knew about the signal jammers, writes Wyndham Hartley

Financial Services

Old Mutual earnings profile ‘will change’

6 hour(s) ago

Group targets earnings growth in UK and rest of Africa as dominant South African business falters


‘Covert unit’ has so far elicited five investigations

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
6 hour(s) ago

No fewer than five investigations were or are being conducted into the ‘covert unit’ at SARS, writes Natasha Marrian

Transport & Tourism

Incentive scheme puts tourism venture in limbo

Science and Technology Minister Derek Hanekom. Picture: SOWETAN
6 hour(s) ago

Incentive programme could possibly pull the financial rug from under the Tourism Enterprise Partnership


IFP rejects proposed municipal merger

Pravin Gordhan. Picture: TREVOR SAMSON
6 hour(s) ago

President Jacob Zuma’s home village is at the centre of a political battle over the R246m of taxpayers funds

African Business

‘No reason to panic’ over Nigeria

A security officer checks a man outside the Nigerian Stock Exchange in Lagos. Picture: REUTERS
6 hour(s) ago

A weakened economy on the collapse of the oil price in the second half of 2014, and terrorism particularly in the north of the country, have dented Nigerian equities

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Employees drive past Africa’s largest methanol plant, at Punta Europa, Bioko island, last year. On land cleared of tropical forest, gleaming new office towers, apartment blocks, homes and highways dazzle the eye in Equatorial Guinea. But few of its citizens know anything about their financing — the country has scored zero in the latest Open Budget Index. Picture: REUTERS/PASCAL FLETCHER

Show us the budget, Africans ask

Fiscal accounts are often top secret on the continent, writes Karen Hasse

Gadgets & Gear

Talking to yourself may not be safe anymore

Showgoers watch a display of Samsung Smart TVs during the first day of the Consumer Electronics Show in Las Vegas in this file photo. Picture: REUTERS
7 hour(s) ago

Samsung’s smart TVs are able to record conversations and other personal information about users. What happens to this information and who else has access to it?


Forget Big Brother, it’s Big Mom watching you

Teenagers’ love of electronic devices, especially smartphones, makes it easy for their parents to snoop on them. Picture: THINKSTOCK
7 hour(s) ago

A booming array of gadgets are being marketed to those who want to keep tabs on their children

Ireland's John Mooney hugs teammate Niall O'Brien, right, after beating the West Indies for the first time in their Cricket World Cup match in Nelson, on February 17. Picture: REUTERS/ANTHONY PHELPS

Birrell will be hoping he was wrong about Ireland

Adrian Birrell was Ireland’s coach at the 2007 World Cup, so there has been no mention of the m-word


Bowlers are all the rage as CSA hands outs national contracts

6 hour(s) ago

Curiously, Vernon Philander has had his contract extended by only one year and not the two years offered to Hashim Amla, AB de Villiers, Faf du Plessis, JP Duminy, Morné Morkel and Dale Steyn


Durban Commonwealth Games ‘will boost SA’s economy’

South Africa’s flag is carried by Cecil Sebastian Afrika as the team enters the stadium during the opening ceremony for the 2014 Commonwealth Games at Celtic Park in Glasgow, Scotland, on Wednesday. Picture: REUTERS/JIM YOUNG
6 hour(s) ago

The 2022 Commonwealth Games are expected to attract more international visitors than any previous Games


Victor Matfield remains a Titan of the game

Marco Wentzel of the Sharks tackles Victor Matfield of the Bulls during the Super Rugby match between Vodacom Bulls and Cell C Sharks at Loftus Versfeld on February 28 in Pretoria.  Picture: GALLO IMAGES/LEE WARREN

He is the most capped Bok and regarded internationally as one of the finest to have played the game

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The Third Umpire

Finance Minister Nhlanhla Nene, who made the best of a bad hand with a holding budget that may just do the trick if economic growth starts to pick up. That’s a very big “if”, of course, with many a slip twixt cup and lip.

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Public works director-general Mziwonke Dlabantu, for resisting the release of conveniently classified information to the Nkandla architect, who has been set up as the fall guy for this gross abuse of public funds.

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Israeli Prime Minister Benjamin Netanyahu, whose credibility on the issue of Iran’s nuclear ambitions has been badly undermined by Mossad spy cable leaks showing that he lied blatantly to the US Congress.

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