• Thursday, October 02 2014
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National

Dalai Lama accuses South Africa of bullying

The Dalai Lama. Picture: TYRONE ARTHUR
3 hour(s) ago

South Africa has bullied him after failing to give him a visa to attend a summit of Nobel peace laureates, says Dalai Lama

Financial Services

Nedbank to acquire 20% shareholding in Ecobank

Picture: RUSSELL ROBERTS
46 minute(s) ago

The move, which was largely expected by market, will help local bank to catch up with rivals in Africa as Ecobank is present in 36 countries

Europe

ECB leaves rates on hold

Mario Draghi. Picture: BLOOMBERG/ANDREW HARRER
1 hour(s) ago

President Mario Draghi says bank will buy covered bonds from banks and purchase asset-backed securities

Education

Teachers’, health professionals’ salaries to be reviewed, says Zuma

Picture: THINKSTOCK
2 hour(s) ago

Commission headed by former chief justice Sandile Ngcobo to review remuneration, says president

National

Department of Water Affairs loses track of billions, says AG report

Picture: THINKSTOCK
2 hour(s) ago

Qualified annual audit report shows poor record keeping as a result of inadequate management systems

National

Western Cape refuses to back down on ‘harsh’ traffic fine hikes

Picture: DAILY DISPATCH
2 hour(s) ago

Provincial department of transport and public works says its support for fine increases is based on ‘very urgent’ need to improve commuter safety and compliance

Financial Services

Workers divided on government-sponsored pension fund

Picture: THINKSTOCK
3 hour(s) ago

Survey finds that two-thirds of South Africans without pension or provident fund would be happy to be auto-enrolled into one

African News

Central African Republic’s shattered judiciary ‘unable to tackle crime’

Fatou Bensouda.   Picture: REUTERS
3 hour(s) ago

Police, prosecutors, courts cannot deal with ‘endless’ atrocities in strife-torn country because system of justice has been battered by neglect, funds shortage

Toyota revealed its edgy C-HR crossover concept at the Paris Mondial de l'Automobile.  Picture: MARK SMYTH

Car giants tread softly at Paris Motor Show

Subdued air at Paris Motor Show attributable to slow recovery in market, with organisers seeming less excited about event than usual, writes Mark Smyth

Columnists

Gideon Rachman promo

In the interests of Hong Kong, China, the economy and political stability, it is crucial Beijing it gets its next move right, writes Gideon Rachman

How China handles Hong Kong is going to be crucial

Columnists

In the world of investing, never underestimate the willingness of people to believe in the most outlandish of things, writes Michel Pireu

Sir Roger, a cautionary tale

Europe

UK lender Wonga writes off debt for 330,000 customers

Picture: BUSINESS DAY
1 hour(s) ago

Short-term lender, which operates in SA, is writing off debt worth about £220m, after being forced to overhaul lending practices by Britain’s financial regulator

Asia-Pacific

Hong Kong leader happy to play waiting game

A protester sleeps under an umbrella as she blocks a street outside the government headquarters in Hong Kong on Thursday. Picture: REUTERS
7 hour(s) ago

CE Leung Chun-ying willing to let ‘pro-democracy demonstrations go on for weeks if necessary’, while defiant protesters vow they will not budge

Companies

OneLogix enters share participation scheme with employees

Picture: THINKSTOCK
3 hour(s) ago

Logistics, transport group says scheme is part of drive to improve compliance with new black economic empowerment codes

National

Public servants open talks with 15% target

Picture: THINKSTOCK
12 hour(s) ago

Wage negotiations with a demand for a 15% increase, elicit warnings from economists that fiscus will be hard-pressed to make wage increases above inflation

National

Protector’s office short of funds, overworked

Thuli Madonsela. Picture: PUXLEY MAKGATHO
9 hour(s) ago

Public Protector Thuli Madonsela’s office is in dire financial straits, and needs more money to finance operations and keep staff from leaving

A group of men sit along a road looking for work. Picture: SUNDAY TIMES

Minimum wages worsen unemployment

A legislated increase in the price of labour does not increase worker productivity, writes Temba Nolutshungu

Business

PIC plans R2.5bn in African investment

Picture: THINKSTOCK
12 hour(s) ago

This is in line with its commitment to have $1bn of its portfolio invested in the rest of Africa

National

Cloak-and-dagger antics in spy tapes

President Jacob Zuma. Picture: GCIS
11 hour(s) ago

Conversations recorded on the spy tapes range from the banal to the downright bizarre and reveal political machinations to prevent Zuma from becoming president

Education

Thousands of teachers across SA involved in promotions-for-cash racket

Picture: THINKSTOCK
11 hour(s) ago

The racket is said to have been more prevalent in KwaZulu-Natal, and involves teachers paying bribes of up to R30,000 to be appointed to plum jobs

Europe

Rocket Internet shares slide on debut

Oliver Samwer, CEO of German venture capital group Rocket Internet, walks past the German DAX index board during the initial public offering at the Frankfurt stock exchange on Thursday.  Picture: REUTERS
2 hour(s) ago

Global e-commerce investor plunges within minutes of making its stock market debut in Frankfurt as investors give it lukewarm reception

Economy

Consumer confidence falls back into negative territory

Picture: THINKSTOCK
6 hour(s) ago

First National Bank/Bureau for Economic Research consumer confidence index slips in third quarter amid rising interest rates, high inflation

African Business

Kenyan port authority may go to market for development funds

Picture: THINKSTOCK
6 hour(s) ago

Maritime Authority is in talks for debt sale that will finance commercial shipping line to tap into growing demand in East Africa

National

Shuttleworth donates refund to court challenges

South African entrepreneur and multibillionaire Mark Shuttleworth. Picture: BUSINESS DAY
11 hour(s) ago

Billionaire philanthropist will put R250m into a trust to pay the costs of Constitutional Court cases for people who cannot afford to pay the costs when the counterparty is the state

Energy

SA resolute on nuclear build

Acting director-general in the Department of Energy Wolsey Barnard, right, and deputy director-general for nuclear energy Zizamele Mbambo. Picture: PUXLEY MAKGATHO
12 hour(s) ago

SA will categorically procure 9,600MW of nuclear energy despite the government not having an accurate understanding of what this might cost, says the Department of Energy

Economy

SA underperforms peers on economic inclusivity

URGING CHANGE: University of the Free State economics professor Frederic  Fourie. Picture:  THOBEKA ZAZI NDABULA
9 hour(s) ago

New paper shows that the inclusivity of the South African economy has deteriorated since 1996, overshadowing the government’s success in reducing the poverty head count

Markets

Platinum slides on SA supply, Europe woes

Picture: THINKSTOCK
11 hour(s) ago

Metal retreats 12% in the third quarter, the biggest such loss since the three months to June last year

Business

Four ways to giving a great speech

Picture: THE NEW YORK TIMES/TONY CENICOLA
9 hour(s) ago

Writing does not easily translate into a good speech and by simply telling a story, with pauses and signposts, audiences’ attention will be kept

Business

FSB imposes R1m fine on errant trader

Picture: MICHAEL ETTERSHANK
50 minute(s) ago

Financial Services Board’s enforcement committee imposes penalty on securities trader David Sweeney for improper trading practices

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Cartoons

October 2 2014

Actors Haley McFarland, Shannon Kook-Chun and Shanley Caswell at the premiere of Warner Bros

Local lad into Theron orbit

Shannon Kook is grabbing every chance that comes his way, writes Nadia Neophytou

Arts & Entertainment

Take a long, leisurely walk down Johannesburg Street

Johannesburg Street Alphabet Zoo at GoetheonMain. Picture: © GOETHE-INSTITUT/MASIMBA SASA
12 hour(s) ago

Tour the inner city through the eyes of various artists who bring Johannesburg’s complexity to life using painting, photography and graffiti, writes Edward Tsumele

Motoring

INTERNATIONAL LAUNCH: Taking cool to a new level

The third generation Audi TT is a much sharper model in looks and behaviour.  Picture: AUDI
10 hour(s) ago

Motor News travelled to Malaga, Spain to sample the third generation Audi TT

Motoring

INTERVIEW: Renewed focus on style, quality

Jerome Stoll is upbeat about the future of Renault globally and in SA.  Pictures:  RENAULT, NEWSPRESS
10 hour(s) ago

Mark Smyth spoke with Jerome Stoll of Renault global, who was recently in SA during his visit to SA

Life

FILM: The Hunt; I Origins; The November Man; The Equalizer

Picture: THINKSTOCK
12 hour(s) ago

Phillip Altbeker looks at four new cinema releases

DETERMINED: Schalk Burger hard at work during the Springbok training session at Nelson Mandela Bay Stadium in Port Elizabeth on Wednesday. Picture: GALLO IMAGES/STEVE HAAG

Burger fired up to do what it takes

After robust return to Boks, Schalk Burger is eager to play role in ‘soul-stirring’ clash against All Blacks at Ellis Park

Opinion

Move on up into 2014 — the era of the packed stadium is over

Picture: THINKSTOCK

Cricket has been wringing its hands and pining for two decades now, and it’s time it grew up and accepted that the relationship is over

 
All Share 48189.06-1.40% down
Top 40 42956.68-1.66% down
Financial 15 13973.33-1.45% down
Industrial 25 57046.58-1.37% down
Resource 10 50641.24-2.08% down
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FTSE 100 6446.39-1.69% down
Dow Jones 16717.11-0.52% down
All Share 48189.06-1.40% down
ASX 5298.500.00% same
S&P 500 1928.680-0.90% down
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Standard Bank
 
USD/ZAR 11.2071-0.47% down
GBP/ZAR 18.0755-0.79% down
EUR/ZAR 14.1850-0.15% down
JPY/ZAR 0.10380.60% up
AUD/ZAR 9.85710.25% up
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Standard Bank
 
Gold 1216.49000.30% up
Platinum 1272.0000-0.33% down
Silver 17.0350-0.77% down
Palladium 771.5000-0.45% down
Brent Crude Oil 92.390-1.88% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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The Third Umpire

Justice Minister Michael Masutha, for forging ahead with reforms aimed at reinforcing the judiciary’s institutional independence. Now to persuade his boss the prosecuting authority should have the same status.

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Basic Education Minister Angie Motshekga, whose luxury German official vehicle has been attached by the sheriff after her department failed to pay money owed to teachers in the Eastern Cape. Oh, the humiliation.

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Cosatu general secretary Zwelinzima Vavi, whose draft report ahead of the union federation's central committee meeting pulls no punches on the challenges it faces. He’s not going to get any thanks for it, of course.

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  • All Share : 48189.06
    Change: -1.40%
    Top 40 : 42956.68
    Change: -1.66%
    Financial 15 : 13973.33
    Change: -1.45%
    Industrial 25 : 57046.58
    Change: -1.37%
    Resource 10 : 50641.24
    Change: -2.08%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6446.39
    Change: -1.69%
    Dow Jones : 16717.11
    Change: -0.52%
    Hang Seng : 22932.98
    Change: 0.00%
    ASX : 5298.50
    Change: 0.00%
    S&P 500 : 1928.680
    Change: -0.90%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.2071
    Change: -0.47%
    ZAR/GBP : 18.0755
    Change: -0.79%
    ZAR/EUR : 14.1850
    Change: -0.15%
    ZAR/JPY : 0.1038
    Change: 0.60%
    ZAR/AUD : 9.8571
    Change: 0.25%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1216.4900
    Change: 0.30%
    Platinum : 1272.0000
    Change: -0.33%
    Silver : 17.0350
    Change: -0.77%
    Palladium : 771.5000
    Change: -0.45%
    Brent Crude Oil : 92.390
    Change: -1.88%
    All data is delayed by 15 min
    Data supplied by INET BFA
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