• Wednesday, March 04 2015
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Maria Ramos. Picture: MARTIN RHODES

Barclays Africa eyes faster expansion

3 hour(s) ago

It has applied for a commercial banking licence in Nigeria and one for an insurance business in Kenya

Financial Services

African Bank’s spin-off ‘good bank’ could be set up by June

Tom Winterboer.  Picture: RUSSELL ROBERTS
3 hour(s) ago

Curator can make offer to creditors owed R48bn only once Banks Act amendment is passed into law, possibly in April

Labour

Fresh Vavi claims and Cosatu cash crisis

Zwelinzima Vavi and Sdumo Dlamini. Picture: PUXLEY MAKGATHO
3 hour(s) ago

Forensic report alleges that Zwelinzima Vavi did not follow tender procedures in awarding a contract to a service provider

Mining

Transnet contracts worry Glencore

Glencore Xstrata CEO Ivan Glasenberg
3 hour(s) ago

Analyst says there needs to be more co-ordination between government departments and state entities to avoid conflicts of interest

Economy

Davis warns VAT increases are ‘not off agenda for good’

Judge Dennis Davis. Picture: PUXLEY MAKGATHO
2 hour(s) ago

The increases in personal income tax rates and the general fuel levy are expected to add R16.8bn to gross tax revenue in the 2015-16 year

Politics

Merger of municipalities not an election ploy, says Gordhan

Co-operative Governance and Traditional Affairs Minister Pravin Gordhan addresses a parliamentary committee in Cape Town on Tuesday. Picture: TREVOR SAMSON/BUSINESS DAY
2 hour(s) ago

Minister says the review is aimed at reducing the number of unviable municipalities

National

Moving refugee hubs to borders goes ahead

PERCEIVED THREAT: The ANC’s proposal to tighten immigration controls may increase the vulnerability of migrants, rights groups say. Picture: SOWETAN
2 hour(s) ago

Shift is part of home affairs department’s wider attempt to regulate refugees and migrants — a flashpoint of conflict in SA’s townships

Retail & Consumer

Cashbuild defies tough times

A Cashbuild outlet in Rustenburg, North West. Picture: MARTIN RHODES
2 hour(s) ago

Earnings for six months ended December soar despite ‘difficult trading conditions’

Workers harvest fruit at the award-winning Luthando Farm in the Eastern Cape.   Picture: DAILY DISPATCH

Has land reform lost its purpose?

Open debate on land reform is lacking, write Cherryl Walker and Ben Cousins

Columnists

It will be a long, long time before the impact of Hashim Amla and AB de Villiers on the game’s history is eroded, writes Gareth van Onselen

Amla and De Villiers are ODI cricket gods

Columnists

Leon Louw promo

Clearly, the way to enrich South Africans is to prohibit all interaction with foreigners, writes Leon Louw

Don’t stop at banning foreign land ownership

Politics

Motion of no confidence in Zuma withdrawn

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

Agang MP Andries Tlouamma says motion can proceed only if by secret ballot and if the speaker recuses herself

Retail & Consumer

Grocery stores cry foul as load shedding raises costs

Shoprite CEO Whitey Basson. Picture: RUSSELL ROBERTS
2 hour(s) ago

Many indirect costs related to load-shedding are unavoidable despite large retailers and producers installing generators

Retail & Consumer

Steinhoff is set for Frankfurt

Markus Jooste. Picture: FINANCIAL MAIL
2 hour(s) ago

Steinhoff expects the competition authorities to approve its R62.8bn takeover of Pepkor within the next two week

Industrials

Eqstra turnaround restores confidence of investors

Eqstra Holdings Interim Results with CEO Walter Hill in Sandton. Picture: MARTIN RHODES
2 hour(s) ago

Shares rise nearly 20% after company reports its after-tax profit had risen 7.8% in its interim results to December

The site, formerly the farm Naauw Ontkomen, was bought from Kumba Coal (now known as Exxaro Coal) and measures 883 hectares.  Picture: ARNOLD PRONTO

EDITORIAL: Well done, now do better

Power stations’ performance seem to be deteriorating rather than improving and that needs to change

Mining

Higher production boosts Merafe

The bill confirms the practice of allowing investors, including mining houses, to freely repatriate returns, subject to taxation and applicable legislation.  Picture:MARIANNE PRETORIUS
2 hour(s) ago

Junior partner in SA chrome venture with Glencore posts improved annual results on the back of higher production

National

Presidency proposes dates for Zuma to answer questions in Parliament

Jacob Zuma.  Picture: GCIS/ELMOND JIYANE
17 hour(s) ago

Three dates for president to answer questions before National Assembly have been proposed to meet Parliamentary rule that he appear at least four times a year

Mining

Court dismisses Khulubuse Zuma’s bid against Pamodzi liquidators

Controversial businessman and nephew of President Jacob Zuma, Khulubuse Zuma, arrives for his uncle's inauguration ceremony at the Union Buildings in Pretoria on Saturday. Picture: AFP PHOTO/POOL/MUJAHID SAFODIEN
12 hour(s) ago

Main application to go ahead as liquidators want Khulubuse Zuma and his Aurora co-directors to pay back more than R1.5bn allegedly owed to the Pamodzi estate

Business

Shuttleworth levy decision lies with minister, says Reserve Bank

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

The decision whether to reverse an exit charge on Mark Shuttleworth’s capital transfer out of SA should have rested with finance minister and not Bank, Constitutional Court hears

National

National Assembly votes in favour of recommending Mashinini for IEC position

Vuma Mashinini.  Picture: THE TIMES
14 hour(s) ago

National Assembly votes to recommend that President Jacob Zuma’s former special projects advisor Vuma Mashinini head up Electoral Commission of SA

Politics

ANC nullifies election result of eThekwini congress

KZN African National Congress (ANC) provincial secretary Sihle Zikalala addresses a media conference at the ANC headquarters in Durban on Tuesday.  Picture: RAJESH JANTILAL
12 hour(s) ago

Infighting causes divisions in the ANC in KwaZulu-Natal as officials call for the conference to be reconvened after irregular participation of three branches

Land & Agriculture

Push to export more bottled wines to EU

Picture: THINKSTOCK
2 hour(s) ago

SA exports more bulk wine to Europe than bottled wine, and the campaign is expected to improve earnings and boost job creation

Retail & Consumer

Foschini plans to expand across continent

Picture: MICHAEL ETTERSHANK
13 hour(s) ago

Retailer aims to almost triple the number of its stores across the rest of Africa over the next five years

Labour

Samwu not boycotting Cosatu meeting

Picture: SUNDAY TIMES
15 hour(s) ago

South African Municipal Workers Union has no mandate from any of its structures to boycott Cosatu meetings, union says

Americas

Israel’s Netanyahu warns against nuclear deal with Iran

Israeli Prime Minister Benjamin Netanyahu (front) addresses a joint meeting of Congress in Washington on Tuesday. Speaker of the House John Boehner, (left)  and president pro tempore of the US Senate Orrin Hatch (right) listen. Picture: REUTERS/JOHATHAN ERNST
9 hour(s) ago

Obama administration reacts angrily to ‘nuclear nightmare’ speech to Congress

Transport & Tourism

Gauteng to announce contribution to GFIP ‘once e-toll team concludes work’

Picture: FINANCIAL MAIL
20 hour(s) ago

MEC for finance tells legislature provincial government will announce contribution to repayment of Gauteng Freeway Improvement Project once task team concludes work

African News

Nigeria stalls Chad as it aims to beat Boko Haram before poll

Picture: THINKSTOCK
18 hour(s) ago

Nigeria is keen to press ahead with its military campaign against Islamist group, planning to push it out of major towns before presidential elections

View more

Cartoons

Police officers stroll away from a crowd looting a shop belonging to a foreigner in White City, Soweto, in January. Instead of turning a blind eye to xenophobic attacks and focusing on the practices of foreigners, the government and black business organisations should launch more programmes to foster co-operation. Picture: THE TIMES/ALON SKUY

Local businesses need to embrace spirit of ubuntu

State’s support should be for issues firms are willing to collaborate on, and not only those it deems important, writes Stephen Timm

Health

Modest coffee consumption good for the heart

Picture: THINKSTOCK
16 hour(s) ago

People who drink three to five cups of coffee a day may have lower risk of clogged arteries that can cause serious heart problems, study finds

Management

For career success, you need to look the part

WELL SUITED: Leonardo Di Caprio as Jordan Belfort in Martin Scorsese's The Wolf of Wall Street (2013), based on the true story of the rise and fall of a stockbroker on New York's Wall Street
2 hour(s) ago

New research suggests leaders in certain fields being selected in part because their face fits the stereotype of their profession, writes Ashley Potter

Opinion

VRROOM WITH A VIEW: Hike in fuel levy is a sucker punch to an already swooning Eskom

South Africans are forced to pay high taxes but are not getting their money's worth, especially when it comes to power supplies

Matthew Rusike of Kaizer Chiefs tries to dribble past Moswate Obonye of Township Rollers during their recent Champions League first-leg match at FNB Stadium. Picture: SOWETAN/ANTONIO MUCHAVE

Amakhosi ‘must regain winning ways’

De Sa believes Ajax could get something out of Amakhosi, especially if the Soweto side let their guard down

Cricket

Afghanistan not prepared to roll over for Australians

Afghanistan's captain Mohammad Nabi speaks at a press conference ahead of the 2015 Cricket World Cup Pool A match between Australia and Afghanistan in Perth on Tuesday. Picture: AFP PHOTO/GREG WOOD
1 hour(s) ago

Team provides one of the most compelling stories of this World Cup, with a thrilling one-wicket win over Scotland

Cricket

Proteas focus on Saturday’s match, says De Villiers

SA batsman Faf Du Plessis jumps after a fielder’s throw during the World Cup match against Ireland, at the Manuka Oval in Canberra, Australia, on Tuesday. Du Plessis scored a century. Picture: EPA/MICK TSIKAS
1 hour(s) ago

Behind AB De Villiers and his team lies the 201-run hammering of Ireland at Manuka Oval in Canberra. Ahead of them is the Pakistan match

Opinion

Bafana legend Moshoeu becomes latest victim of irresponsible Twitter hoax

Brazen recklessness of death tweets were hugely convincing

Win two Business Elite tickets to any city in the US

JSE Sens

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Type in a share code or part of a company’s name in the Company Lookup box, then select the company name from the list of results and click Go to view its tearsheet with share data, news and more.
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The Third Umpire

Outgoing Namibian President Hifikepunye Pohamba, who has been awarded the Mo Ibrahim Foundation’s $5m African leadership prize, the first time this coveted gong has been awarded in the past three years.

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Economic Development Minister Ebrahim Patel. The 100MW solar power plant he opened near Pofadder on Monday may not mean much in terms of SA’s generation capacity, but it is the way of the future.

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Cape Town’s firefighters, many of them volunteers, who have been putting their lives on the line for the past three days to battle one of the worst wildfires ever to afflict the peninsula. Give those men (and women) a Bells.

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Calendar

Barclays Africa Barclays Africa finals
Glencore Glencore finals
Royal Bafokeng Platinum Royal Bafokeng Platinum finals
Merafe Merafe finals

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