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Business

Business offers plan to stave off downgrade

President Jacob Zuma at a meeting with business leaders in Cape Town on Tuesday. Picture: ESA ALEXANDER
6 hour(s) ago

Main question left hanging after frank talks between President Zuma, cabinet ministers and more than 100 CEOs is what the follow-through will be

Markets

Rand remains wounded by Nene firing

Picture: GALLO IMAGES/FOTO24/LOANNA HOFFMAN
6 hour(s) ago

Rand and financial and banking stocks yet to recover fully from the destruction wrought by firing of former finance minister Nhlanhla Nene

Retail & Consumer

Sovereign blocks rival in BEE scheme

Picture: THINKSTOCK
6 hour(s) ago

Poultry group's total cost of revised repurchase offer will be R32.4m — significantly less than R70m Sovereign could have forked out

Financial Services

Credit registration aims to muzzle loan sharks

Picture: DAILY DISPATCH
6 hour(s) ago

Tighter credit extension regime aimed at tackling over-indebtedness crippling many households in South Africa

Energy

Japan body open to Eskom for funds and technology

WARMING UP: Reactor buildings at Kansai Electric Power’s Takahama nuclear power plant in the town of Takahama. Japan’s nuclear plants were closed in 2011, but Takahama is in the process of reopening. Picture: REUTERS/KYODO
6 hour(s) ago

State-owned Japan International Co-operation Agency launches talks with power utility on financing and technology to boost transmission efficiency

Mining

Master Drilling unveils new concept at indaba

Danie Pretorius. Picture: TREVOR SAMSON
6 hour(s) ago

CEO Danie Pretorius says Master Drilling’s ground-breaking way to sink shafts combines technologies into single patented machine

Energy

Renewable Power’s first wind farm to come online by July

Long-established oil and gas companies are under attack from renewable sources — principally wind, solar and biofuels — which are backed by governments in all the world’s leading economies, and from smaller, nimbler companies. Picture: DAVID MACGREGOR
6 hour(s) ago

Wind-power price expected to undercut new fossil fuel-generation, according to Mainstream executive

Economy

SA heading for policy discouraging trade through new bills

LET’S TALK: Peter Draper, MD of Tutwa Consulting, says the ideological agenda behind the bill is unfavourable to business. Picture: RUSSELL ROBERTS
6 hour(s) ago

Private security and expropriation bills sully South Africa’s image as attractive investment destination, SA-European Union hears

Last year’s student protests, such as this one at the University of Cape Town, show that SA’s millennials are dissatisfied with the state of education, an improvement of which is crucial for the country to get the economy back on an upward trajectory. Picture: THE TIMES

Time for the youth to plot their future

Failure of incumbents means a new, youthful party must form to take South Africa forward, writes Co-Pierre Georg

Columnists

The past two decades have introduced an intergenerational complexity to how this nation moves past any defining moment, writes Zama Ndlovu

Born-frees show time doesn’t heal all wounds

Columnists

Leon Louw promo

But an initiative is driving a nail into the apartheid coffin by ensuring that residents of Tumahole become owners of land and homes, writes Leon Louw

Land dispossession lives on, even after apartheid

Mining

AngloGold suspends search for partnerships in Ghana and Colombia

Srinivasan Venkatakrishnan, CEO AngloGold Ashanti. Picture: TREVOR SAMSON
1 hour(s) ago

Last year, AngloGold Ashanti outlined a plan to cut debt and restructure its asset portfolio, as the gold miner deepened its focus on profit margins rather than output

Industrials

Lower costs lift Sappi’s North American business

FUTURE: Workers stand beside storage towers at Sappi’s Ngodwana wood mill in Mpumalanga on  Wednesday. Picture: BLOOMBERG
1 hour(s) ago

The wood pulp, paper pulp and paper-based solutions group says operating performance in the quarter was strong and substantially above the year-earlier period

Economy

Economic transactions decline in January, index shows

Picture: THINKSTOCK
58 minute(s) ago

A total of 78-million transactions amounting to R640.9bn were recorded in January compared with 89-million transactions totalling R784.6bn in December

National

Guptas succeed in legal remedy to halt EFF threats

PROTECTION:  Ajay, left, and Atul Gupta and other members of the family turned to the high court for an urgent order to stop the Economic Freedom Fighters from inciting violence against them and staff in their businesses. The Guptas said threatening calls were received earlier this week. Picture: MARTIN RHODES
6 hour(s) ago

Contentious business family’s lawyer shows court footage of EFF members shouting ‘shoot Zuma, shoot the Guptas’ outside the Constitutional Court

Americas

White House hopefuls Trump, Sanders capture New Hampshire

Republican US presidential candidate Donald Trump reacts  at his 2016 New Hampshire presidential primary night rally in Manchester, New Hampshire on Tuesday. Picture: REUTERS/JIM BOURG
5 hour(s) ago

Donald Trump’s win solidifies his front-runner status in the race to be the party’s White House nominee

President Jacob Zuma. Picture: ELMOND JIYANE

Avoid verbiage and simply base policy on Constitution

The Constitution provides inspiration to those seeking a ‘back to basics’ approach to the push forward the economy still needs, writes Paul Hoffman

Europe

Heineken increases dividend by more than expected

Heineken. Picture: BLOOMBERG/RON ANTONELLI
3 hour(s) ago

Brewer says margin expansion in 2016 is expected to be in line with its medium-term target, although it warned that emerging markets may be volatile

Management

Labour broking laws questioned

Richard Pike, CEO of Adcorp. Picture: FINANCIAL MAIL
6 hour(s) ago

Adcorp CEO Richard Pike attributes loss of 20,000 temporary workers to misunderstanding legislation rather than ‘a testament of the new law’s success’

Retail & Consumer

Sports group boosts sales 12%

Picture: REUTERS
6 hour(s) ago

Sports gear lovers boost sales at Sportsmans Warehouse while Outdoor Warehouse again under pressure

Property

Hyprop invests in East European malls

Picture: THINKSTOCK
6 hour(s) ago

South African shopping mall owner buys significant stakes in malls in Serbia and Montenegro for about R2bn

National

EFF says it will continue bid to have Zuma impeached

Economic Freedom Fighters leader Julius Malema (centre) looks through barbed wire at the Constitutional Court in Johannesburg on Tuesday. Picture: AFP PHOTO/JOHN WESSELS
13 hour(s) ago

EFF leader vows to continue bid to have the South African president impeached for allegedly being in breach of the Constitution

Mining

SA company secures licence for fuel cell plant

Platinum. Picture: REUTERS
17 hour(s) ago

Government supports fuel cell initiative to stoke demand for platinum with component plant expected to be ready in 2018

African Business

Democratic Republic of Congo ‘will not change mining code’

SURVIVING:  People fetch water outside  a mine run by Sicomines in Kolwezi, Congo. Work is tailing off as Glencore has suspended operations at its Katanga copper mine. Picture: REUTERS/AARON ROSS
3 hour(s) ago

Mines minister tells investors that the current code will stay in place, so there is no need for them to modify their business plans

Labour

Collective bargaining test heads to court

Picture: THINKSTOCK
6 hour(s) ago

Free Market Foundation challenges constitutionality of collective bargaining system to stop ‘colluders who impose their collusion on noncolluders’

Mining

Kumba in rail talks amid cut in expenses

Kumba Iron Ore CEO Norman Mbazima at media round table on the group's results in Illovo, Johannesburg, on Tuesday. Picture: MARTIN RHODES
6 hour(s) ago

Producer aims to be debt-free by year-end but it faces headwinds including unexpected tax demand for R1.8bn payment

Mining

Aquarius Platinum posts high output at local mines

Picture: THINKSTOCK
6 hour(s) ago

Mining companies seek to maximise lower-cost output as commodities downturn deepens

Americas

Obama sends congress record $4.1-trillion budget

US President Barack Obama (right), with US Vice-President Joseph Biden, delivers remarks ahead of the release of his record 2017 budget in Washington, DC, the US, on Tuesday. Picture: EPA/SHAWN THEW
14 hour(s) ago

US leader’s final budget represents his aspirations for curbing climate change, bolstering education and technology while also setting a marker in political campaign to succeed him

Retail & Consumer

Spar increases 18-week sales to end-January

Shoppers at a Spar outlet in Rustenburg, North West. Picture: MARTIN RHODES
19 hour(s) ago

The increase brought total sales to R24.5bn for the period, and group sales in SA rose 8.4% with ‘internally measured’ inflation amounting to 3.9%

African News

Zimbabwe calls for $1.6bn in aid to pay for food

Zimbabwean Vice-President Emmerson Mnangagwa. Picture: REUTERS/PHILIMON BULAWAYO
15 hour(s) ago

Government issues aid appeal to save more than a quarter of the population from starvation due to drought

Economy

SA can avoid a rating downgrade

Picture: SUPPLIED
20 hour(s) ago

Standard Bank chief economist Goolam Ballim says this is possible if the budget on February 24 clearly states how higher economic growth will be achieved

View more

Cartoons

An employee stands among tyres at a recycling factory in Wuhan, Hubei province, China. Recycling is not just about sustainability, it is about reassessing the way we do business. Picture: REUTERS

Tyres set circular economy rolling

South Africa’s specific waste-management approach could successfully be used in other sectors, writes Hermann Erdmann

Management

Feminine management style a myth, study finds

As more women reach managerial positions, the approach within companies is becoming more target-focused, a new study has found. Picture: ISTOCK
6 hour(s) ago

Survey also shows significant drop in emphasis on sociable relationships within gender-mixed senior management teams

Management

Poor athlete but fearless sport agent

P Management founder Karabo Mathang-Tshabuse is one of the BBC’s 100 women of 2015. Picture: SOWETAN
6 hour(s) ago

Internationally acclaimed Soweto-born Karabo Mathang-Tshabuse goes extra mile to steer careers to new heights in sport, writes Eugene Yiga

Management

Big kitty in private sector for growing black firms

Citrum Khumalo. Picture: SUNDAY TIMES
6 hour(s) ago

Corporates must innovate more in aid of empowerment, writes Stephen Timm

Management

Retirement is a change of pace, not end of the road

It is important to strengthen and maintain family ties, and also to join group pursuits, to combat against a major retirement bugbear — loneliness. Picture: ISTOCK
6 hour(s) ago

Advances in medical science mean that people with access to healthcare are living longer and extending their working lives, writes Yvonne Fontyn

Management

Empathy line will check the robots’ advance

As much as 98% of pilots’ routine work is now automated, and some in the industry worry about the tasks that human pilots are asked to do only occasionally. Picture: REUTERS
6 hour(s) ago

The Future of the Professions, a book by father and son duo Richard and Daniel Susskind predicts radical change about the automated future of professions

Books

Marketing has to yield bang for bucks

Picture: THINKSTOCK
7 hour(s) ago

At the core is understanding market share: the size of the pie and its spending power, write Mark Eardley and Charlie Stewart

ON FIRE: South African batsman Quinton de Kock plays a shot during the third one-day international match between England and SA at SuperSport Park in Centurion on Tuesday. Picture: AFP

Amla and De Kock come out guns blazing

Proteas dish brilliant performance that leaves England with no answer

Other Sport

Recharged Schwartzel ready for young guns

Charl Schwartzel.  Picture: GALLO IMAGES
7 hour(s) ago

Schwartzel relishing the opportunity to take on new young stars of South African golf

Rugby

Argentina Test stars loom for Stormers

Argentina's Agustin Creevy in action with Georgia's Davit Zirakashvili last year during the Rugby World Cup. Picture: REUTERS
7 hour(s) ago

Stormers coach Robbie Fleck describes Argentina’s new representatives in Super Rugby, the Jaguares, as ‘one of the favourites’ to win the title

Soccer

Chiefs mug impressive Wits

Keegan Dolly. Picture: GALLO IMAGES
7 hour(s) ago

Wits dominated the first half to an almost alarming extent, creating opportunities and pinning Chiefs on the back foot

Rugby

Bulls coach gobsmacked by Pollard injury

Handre Pollard of South Africa during the Rugby World Cup 2015 Pool B match between South Africa and Scotland at St James Park in Newcastle upon Tyne, the UK, on Saturday. Picture: GALLO IMAGES/STEVE HAAG
7 hour(s) ago

With Pollard out, the fight for the Bulls No10 jersey will be between Tian Schoeman and new signing Francois Brummer

Soccer

Title chase is a ‘piece of cake’ for Ranieri

COLOURFUL:  Leicester  manager Claudio Ranieri’s folksy wisdom has been as endearing as his unfancied team has been surprising.   Picture: REUTERS
7 hour(s) ago

It is hard to believe that just seven months ago the Italian’s arrival at the plush facility was greeted with widespread ridicule

Soccer

United shares drop as Van Gaal feels the heat

Louis van Gaal.  Picture: REUTERS
7 hour(s) ago

Manchester United manager suffers fresh blow when club’s share price dips to lowest level in more than three years

Standard Bank

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