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Financial Services

Alexander Forbes reshuffles top team after CEO suddenly quits

Edward Kieswetter. Picture: MARTIN RHODES
1 hour(s) ago

With no successor in place chairman Sello Moloko and chief financial officer Deon Viljoen have taken over as executive chairman and interim CEO respectively

Financial Services

FSB annual report skips damning details

ACTION: FSB deputy head Rosemary Hunter. Picture: FINANCIAL MAIL
1 hour(s) ago

Judge’s investigation and other findings on closure of ‘orphan funds’ kept out public watchdog Financial Services Board's report

Transport & Tourism

Montana denies benefiting from Prasa contracts

Prasa chairman Popo Molefe and acting CEO Nkosinathi Khena face a tough job putting the rail parastatal back on track. Picture: PUXLEY MAKGATHO
1 hour(s) ago

Prasa chairman Popo Molefe’s affidavit paints a picture of flouting of procurement procedures to benefit Siyangena Technologies and raises questions around former CEO's upmarket home

Economy

View from edge of precipitous rating cliff

Picture: THINKSTOCK
1 hour(s) ago

Acquiring junk status could lead to economic disaster for SA, writes Ntsakisi Maswanganyi

Telecoms & Technology

Firms in developing countries steer clear of digital

Picture: THINKSTOCK
1 hour(s) ago

World Bank report says protection from domestic and foreign competition behind reluctance to adopt new digital technologies

Health

New drill for assistants an ache for dental industry

Picture: THINKSTOCK
1 hour(s) ago

New law requires dental assistants not registered with Health Professions Council of SA resign or face criminal sanction

National

Call for public role in choosing protector

Thuli Madonsela, left, has turned the public protector’s office into a body of  stature during her tenure, and the public will expect a replacement of substance. Her deputy, Kevin Malunga,  could be in line. Picture:PUXLEY MAKGATHOuxley Makgatho
1 hour(s) ago

Corruption Watch wants public to play key role in nominating next suitable candidate to replace Public Protector Thuli Madonsela

National

Zuma’s Marabastad walkabout not entirely well-received

President Jacob Zuma conducting a walkabout at Marabastad taxi rank ahead of the Stata of the Nation Address. Picture: GCIS/KOPANO TLAPE
15 hour(s) ago

One hawker says when he sees President Jacob Zuma’s face he is reminded of the bodies of 34 Marikana miners, unemployment and the crumbling economy

Nhlanhla Nene. Picture: BLOOMBERG/SIMON DAWSON

Uncritical business acts as a Band-Aid on ailing policies

Lack of coherent business strategy or effective organisation to make strong case for how to achieve high and inclusive growth deprives SA, writes Ann Bernstein

Columnists

We are working on how we will market Huge Group to the investment community, writes Michel Pireu

Huge opportunities in pipeline

Columnists

Nomalanga Mkhize

'Maiden bursary' should be challenged in court as the neotraditionalist hijacking it is, writes Nomalanga Mkhize

Elites abuse traditions to entrench power

National

Four apartheid cops charged with murder of operative

Picture: THINKSTOCK
1 hour(s) ago

National Prosecuting Authority charges four members of apartheid-era Soweto Special Branch for murder of MK operative Nokuthula Simelane

Mining

Amplats restructure reverses cash woes

Chris Griffith. Picture: MARTIN RHODES
1 hour(s) ago

Extensive restructuring in response to 27% drop in platinum prices despite annual supply deficit, says CEO Chris Griffith

Land & Agriculture

Sweet(ish) offer a fillip for Illovo shares

Picture: THINKSTOCK
1 hour(s) ago

Shares rise after UK principal Associated British Foods proposes to buy out minority shareholders

Industrials

Bidvest opts for Foodservice listing on JSE

Bidvest CE Brian Joffe. Picture: FINANCIAL MAIL
1 hour(s) ago

Analyst sees positive response as local listing of Foodservice business is quicker, less complex and less costly

Financial Services

Finbond’s US expansion faces ‘execution risk’

Picture: THINKSTOCK
1 hour(s) ago

Major shareholders will support microlender Finbond’s proposed rights issue to fund ambitious expansion into North America

Mosebenzi Zwani. Picture: TREVOR SAMSON

EDITORIAL: Zwane missed an opportunity

Mining Indaba speech avoids the tough issues: commodities crisis, production shutdowns, and further decimation of jobs

Financial Services

Old Mutual sells its stake in Rogge in a major disposal

Bruce Hemphill. Picture: FINANCIAL MAIL
1 hour(s) ago

Deal is Old Mutual CEO Bruce Hemphill’s second major disposal since firm sold off parts of its Bermudan unit in December

Europe

VW sets sights on US to keep on trucking

CO-OPERATION: Volkswagen is looking to take advantage of synergies between its MAN, Scania and 
own-name truck brands. Picture: BLOOMBERG/JOCHEN ECKEL
1 hour(s) ago

Volkswagen’s heavy-truck division seeks to reap benefits of more independence within its rapidly reorganising parent company

African Business

Clock is ticking for AngloGold to fix Ghanaian mine

AngloGold Ashanti CEO Srinivasan Venkatakrishnan. Picture: MARTIN RHODES
1 hour(s) ago

Anglogold Ashanti CEO Srinivasan Venkatakrishnan wants solution to ageing Obuasi mine in Ghana by year-end

Markets

Market sentiment now bad for technology stocks, says Minerd

A GURU’S OPINION:  The market is repricing itself to absorb and reflect uncertainties, says Scott Minerd, chief investment officer of Guggenheim Partners. Picture: BLOOMBERG/PATRICK FALLON
1 hour(s) ago

Investors fleeing and buyers sitting tight, writes John Gittelsohn

Retail & Consumer

Call centre intends to keep Lewis compliant

Lewis Stores. Picture: FREDDY MAVUNDA/FINANCIAL MAIL
1 hour(s) ago

New call centre at Lewis Group’s head office in Cape Town will employ 50 consultants aimed at limiting misunderstandings of costs, services and fees to be paid by customers

Telecoms & Technology

Adapt IT targets Africa expansion

Adapt IT CEO Sbu Shabalala. Picture: SUNDAY TIMES
1 hour(s) ago

Strong results helped by existing businesses and acquisitions that have widened its geographic footprint

Europe

EU weighs new rules for multinationals’ financial disclosures

Picture: THINKSTOCK
1 hour(s) ago

Bloc wants fast-track talks on country-by-country reporting rules with the aim of reaching ‘political agreement’ by next month

Labour

‘Ineffectual Cosatu’ in spotlight over broking

A contract worker at Tshwane University of Technology protests against outsourcing. Picture: SOWETAN
57 minute(s) ago

Success by students and workers in protests shows up union federation, writes Karl Gernetzky

Education

Activists restive as UCT struggles to house students

Francis Petersen. Picture: MOHAU MOFOKENG
52 minute(s) ago

University of Cape Town is faced with a fresh crisis as it battles to accommodate thousands of students arriving for the start of the new academic year

Asia-Pacific

NEWS ANALYSIS: China’s actions hold the key to defusing tension in North Korea

North Korean people and soldiers celebrate North Korea's rocket launch in Pyongyang. Picture: AFP
49 minute(s) ago

North Korea’s growing military threat could presage an arms build-up if China feels threatened by the rollout

Middle East

Israel pushes controversial NGO bill despite opposition

Israel's Prime Minister Benjamin Netanyahu chats with members of his party during a meeting of his Likud party in the Israeli parliament in Jerusalem on Monday. Picture: REUTERS
46 minute(s) ago

Bill that opponents say targets Israeli human rights groups critical of Israel’s policies towards Palestinians set to win initial approval in parliament with the support of country’s right-wing

Americas

US Olympic body shows Zika concern

PRECAUTIONS: Global health authorities suspect the mosquito-borne Zika virus has caused a spike in Brazil of  microcephaly, a birth defect marked by an abnormally small head. Picture: REUTERS
37 minute(s) ago

US Olympic Committee’s briefing is the latest sign that Olympics officials are taking Zika threat to the games in Rio de Janeiro seriously

View more

Cartoons

Mark Essien, who created one of the first hotel-booking websites in Nigeria, is one of a new breed of entrepreneurs contributing to building an information technology ecosystem across sub-Saharan Africa. Picture: SUPPLIED

Cellphone tech sparks innovation in Africa

Start-ups drive social and economic transformation across sub-Saharan Africa, ploughing new trade routes and seeking breakthrough innovations, writes William Wallis

Innovation

Meteorologists fly into El Niño’s heart for data

Children pump water at the last tap with running water in drought-stricken Masotsheni, north of Durban, last month. Scientists are flying into the source of El Niño, causing the drought, to collect data. Picture: REUTERS
1 hour(s) ago

Data are helping researchers better understand what happens in the heart of the strongest El Niño in a generation

Innovation

Kenya leads the way in mobile payments

Kobus Ehlers. Picture: JOHAN WILKE
1 hour(s) ago

Boom in tech start-ups with highly innovative products fills gap created by Kenya's defunct infrastructure, write John Aglionby and Andrew England

Innovation

African animator focuses on changing impressions about SA

Cape Town-based animation studio Triggerfish created Stick Man in collaboration with London-based Magic Light Studios. The  animated version of the children’s book was screened on BBC One.      Picture: SUPPLIED
1 hour(s) ago

Triggerfish CEO Stuart Forrest believes animation is an avenue to shifting the way in which the world perceives SA

Innovation

BMW holds back as rivals steal a marque on fuel cell vehicles

BMW Hydrogen car. Picture: BLOOMBERG/ADAM BERRY
1 hour(s) ago

BMW on brakes until next generation of fuel-cell development under way with research partner Toyota, writes Michael Taylor

 Kagiso Rabada lets one go in Centurion on Monday with teammate Morné Morkel in the background. Picture: GALLO IMAGES

England leave SA no option

Amla acknowledges victory is only way for Proteas to keep series alive

Cricket

McKenzie gets coach job

Picture: THINKSTOCK
2 hour(s) ago

Neil McKenzie will return to SA’s dressing room as their batting coach on the back of the endorsement of one of his most respected charges, writes Telford Vice

Cricket

Dolphins need a win

Picture: THINKSTOCK
2 hour(s) ago

With problems on and off the field, the Dolphins have a tough few days ahead

Soccer

Wits must clear Chiefs hurdle to remain in hunt for title

Buhle Mkhwanazi.  Picture: SUPPLIED
2 hour(s) ago

Defender Buhle Mkhwanazi believes Wits can keep up with the in-form leaders by grinding out results in the race for the Premiership title

Rugby

Blitzboks keep Sevens lead, but it’s all about Rio

 The Blitzboks’ Seabelo Senatla is the leading try scorer in the Sevens World Series this season. Picture: RENEE MCKAY/GALLO IMAGES
2 hour(s) ago

Blitzboks arrive home after gruelling two-week stint that left them in the same position on the standings as when they left — joint top

Other Sport

Twenty-something Van der Burgh an ‘old man’ among kids with Rio dreams

Cameron van der Burgh. Picture: STEVE HAAG/GALLO IMAGES
1 hour(s) ago

Cameron van der Burgh finds himself surrounded by new young faces at a weekend gala

Markets

Economy

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Standard Bank

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