• Wednesday, May 22 2013
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Labour

‘Incredibly steep’ NUM demands shock sector

Picture: THINKSTOCK
3 hour(s) ago

Union piles pressure on industry that is battling costs, strikes

Mining

Amplats to start job cut process

Striking platinum miners march near Anglo American Platinum’s mine near Rustenburg in the North West on Friday. Picture: REUTERS
5 minute(s) ago

Anglo American Platinum will begin the formal process to cut 6,000 mining jobs at the end of this week, in a move that could spark more unrest in volatile platinum belt

Economy

All eyes on Bank after rand falls to a four-year low vs dollar

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
3 hour(s) ago

Combination of continuing labour tensions and stronger dollar triggers resurgence of investor fears over current account deficit

Economy

FW de Klerk takes swipe at ‘prophets of gloom’

Former president FW de Klerk. Picture: SUNDAY TIMES
3 hour(s) ago

Former president moves to inject dollop of ‘good news’ into debate about the state of the country amid hardening perceptions due to labour unrest

Labour

Bonus row causes strike at Lanxess chrome mine

Picture: THE TIMES
2 hour(s) ago

DAX-listed speciality German chemicals group says NUM breached ‘long-standing’ agreement over bonuses, precipitating violent strike at chrome mine near Rustenburg

National

India’s version of Gupta debacle differs

BIG BROTHERS: Ajay and Atul Gupta. Picture: MARTIN RHODES
2 hour(s) ago

Relations between emerging-market hopefuls plunge to new low after Indian high commission’s statement provided its version of Gupta Waterkloof landing debacle

Economy

‘Bold steps’ needed to improve economy

Finance Minister Pravin Gordhan, centre, delivers his budget speech on behalf of the Treasury on Tuesday.  Picture: TREVOR SAMSON
17 hour(s) ago

SA needs to find balanced, fair and socially responsible solutions to its labour relations problems, Finance Minister Pravin Gordhan tells National Assembly

Americas

Oklahoma lowers tornado death toll amid frantic search

Storm chaser photographer Brad Mack records a tornado near a home in South Haven, Kansas on Monday. A massive storm front hammered central US with tornadoes, including a twister that struck near Oklahoma City. Picture: REUTERS
16 hour(s) ago

Emergency workers search for survivors in rubble of homes, schools and hospital in Oklahoma town hit by massive tornado

Atul Gupta, left, Vuyo Mvoko, centre, and Essop Pahad, right at the the media launch of the New Age newspaper in 2010. Picture: SUNDAY TIMES

EDITORIAL: State media influence grows

The increased influence of government over South Africa’s media is a cause for concern

Columnists

Leon Louw promo

Licensing Bill an example of how governments evoke opposition to proposed laws in order to solicit 'compromises', writes Leon Louw

Yet another example of ‘rape by regulation’

Columnists

Steven Friedman promo

Seeking solutions to poverty and inequality will go further than proposals for labour law change, writes Steven Friedman

Tinkering with labour law no solution to conflict

Land & Agriculture

Appeal to give new law on fisheries more time

Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson. Picture: TREVOR SAMSON
3 hour(s) ago

Inconsistencies, omissions, obtuse language and weakening of existing legislation pepper Minister Tina Joemat-Pettersson’s proposed amendments

Americas

School dropout’s $253m Tumblr pay day

TOGETHER: Yahoo and Tumblr apps on an iPhone screen. Picture: REUTERS
3 hour(s) ago

Tumblr CEO says company will retain its distinctive and irreverent character under a new owner

Business

NEWS ANALYSIS: Empowerment lobby gains some significant victories

Trade and Industry Minister Rob Davies at a media briefing ahead of his budget speech on Wednesday.  Picture: TREVOR SAMSON
2 hour(s) ago

Black economic empowerment, thanks to its strong proponents, is again at the centre of several important discussions, writes Carol Paton

National

Zuma discusses SA investment opportunities with Canada

President Jacob Zuma, right, welcomes Canadian governor-general David Johnston outside De Tuynhuys, the Cape Town office of the Presidency, on Monday.   Picture: TREVOR SAMSON
2 hour(s) ago

South Africa offers good opportunities for Canadian investors, says President Jacob Zuma after talks with Canadian Governor-General David Johnston

Transport & Tourism

Gautrain fares to rise, bus fares unchanged

ALL ABOARD: Commuters wait to catch   the Gautrain  at Johannesburg's Rosebank station. Picture: DANIEL BORN
18 hour(s) ago

Rail service fares to rise an average of 6% in June, with 9% increase for airport service, while supporting bus fares remain unchanged

Storm chaser photographer Brad Mack records a tornado near a home in South Haven, Kansas on Monday. A massive storm front hammered central US with tornadoes, including a twister that struck near Oklahoma City. Picture: REUTERS

IN PICTURES: Deadly twister flattens US town

A 3km-wide tornado tore through the Oklahoma City suburb of Moore on Monday, killing at least 24 people, destroying entire tracts of homes and trapping two dozen schoolchildren beneath rubble

Mining

Duffy appointed chief financial officer of AngloGold Ashanti

57 minute(s) ago

Gold producer appoints Richard Duffy as chief financial officer. He takes up role previously held by Srinivasan Venkatakrishnan, who is appointed CEO

Financial Services

Retirement dream need not be a nightmare

Picture: THINKSTOCK
52 minute(s) ago

Industry-led cost-cutting has improved returns to pensioners

Americas

Dimon keeps JPMorgan chairman title after bruising battle

Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. Picture: REUTERS
14 hour(s) ago

Shareholders let JPMorgan Chase & Co CEO Jamie Dimon keep his chairman title by even greater margin than last year

Europe

Ireland denies it is to blame for Apple’s low tax rate

IRISH PRESENCE: A sign at the offices of Apple Operations International, a subsidiary of Apple, Hollyhill, Cork, in the south of Ireland. Picture: REUTERS
18 hour(s) ago

US Senate says Apple paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries

Economy

Fall in leading indicator shows economy under pressure

Picture: THINKSTOCK
20 hour(s) ago

Reserve Bank’s leading indicator of business activity falls in March for first time in eight months, with commodity export prices biggest drag

National

AA pleased at high court interdict on Cape tolls

Picture: FINANCIAL MAIL
2 hour(s) ago

Association believes court decision to grant interdict will add impetus to the overall case against urban and peri-urban tolling in South Africa

Industrials

Phaswana appointed as co-chairman at Mondi

16 hour(s) ago

Standard Bank chairman Fred Phaswana joins international packaging and paper group Mondi to replace Cyril Ramaphosa

African News

Obama to embark on first major African tour in June

US President Barack Obama. Picture: REUTERS
20 hour(s) ago

US President Barack Obama to visit South Africa, Senegal and Tanzania, but politics appears to have dashed any hope of him reconnecting with his Kenyan roots

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Cartoons

May 22 2013

Motoring

VRROOM WITH A VIEW: A full-on Toyota 4x4 in sheep’s clothing

MANIC: Toyota’s new RAV4 sports a crazy-looking grin on the front, but it’s all grown up on the inside. Picture: QUICKPIC
4 hour(s) ago

The new RAV4 can go where other 4x4s can go and at a very decent price indeed, writes Alexander Parker

Health

Ugly picture of the beauty industry

STOP LICKING: if you are an average user of lipstick, you may ingest about 24 milligrams of the product a day. If you reapply lipstick or lip gloss frequently, you could ingest as much as 87 milligrams each day. Picture: THINKSTOCK
13 hour(s) ago

Research shows ingestion of lip products could cause toxic metal exposure, blogs Marika Sboros

All Share 41845.080.07% up
Top 40 37296.21-0.02% down
Financial 15 12021.190.17% up
Industrial 25 47670.490.03% up
Resource 10 46961.41-0.08% down
All data is delayed by 15 min.
Data supplied by I-Net Bridge
Standard Bank
FTSE 100 6785.47-0.27% down
Dow Jones 15387.580.00% same
All Share 41852.150.09% up
ASX 5142.10-0.27% down
S&P 500 1669.1600.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
Standard Bank
USD/ZAR 9.5463-0.00% same
GBP/ZAR 14.4662-0.01% down
EUR/ZAR 12.34210.11% up
JPY/ZAR 0.0930-0.16% down
AUD/ZAR 9.3376-0.29% down
All data is delayed by 15 min.
Data supplied by I-Net Bridge
Standard Bank
Gold 1388.84001.09% up
Platinum 1470.00000.89% up
Silver 22.69881.11% up
Palladium 749.50001.28% up
Brent Crude Oil 103.330-0.56% down
All data is delayed by 15 min.
Data supplied by I-Net Bridge
Standard Bank

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Opinion Poll

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Calendar

African Bank African Bank interims
Barloworld Barloworld interims
Evraz Highveld Evraz Highveld Steel & Vanadium Q1 financial results and AGM.
Vodacom Vodacom finals
Pioneer Foods Pioneer Foods interims
Netcare Netcare interims
Protech Protech Khutele finals
View more

The Third Umpire

National Union of Mineworkers general secretary Frans Baleni. As predicted by the Third Umpire last month, wage demands have gone doolally tap, with the union wanting increases of up to 60%. Good luck with that.

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Cosatu general secretary Zwelinzima Vavi, for his tortured logic at a launch event in Kimberley at the weekend that saw him ultimately and speciously manage to blame big business for xenophobic attacks.

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One of China’s four vice-premiers, Wang Yang, for bravely pointing out irritating habits of Chinese tourists, including “talking loudly in public, jay walking, spitting and carving characters on items in scenic zones”.

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  • All Share : 41845.08
    Change: 0.07%
    Top 40 : 37290.28
    Change: -0.03%
    Financial 15 : 12020.42
    Change: 0.16%
    Industrial 25 : 47665.08
    Change: 0.02%
    Resource 10 : 46891.36
    Change: -0.23%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • FTSE 100 : 6787.95
    Change: -0.23%
    Dow Jones : 15387.58
    Change: 0.00%
    Hang Seng : 23260.82
    Change: -0.45%
    ASX : 5142.10
    Change: -0.27%
    S&P 500 : 1669.160
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • ZAR/USD : 9.5511
    Change: 0.05%
    ZAR/GBP : 14.4671
    Change: -0.00%
    ZAR/EUR : 12.3444
    Change: 0.13%
    ZAR/JPY : 0.0931
    Change: -0.10%
    ZAR/AUD : 9.3431
    Change: -0.23%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • Gold : 1388.6000
    Change: 1.07%
    Platinum : 1470.0000
    Change: 0.89%
    Silver : 22.6950
    Change: 1.09%
    Palladium : 749.5000
    Change: 1.28%
    Brent Crude Oil : 103.360
    Change: -0.53%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
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