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Mining industry has itself to blame for glut, says Cutifani

Anglo CEO Mark Cutifani.  Picture: REUTERS/MARK WESSLES
28 minute(s) ago

Anglo American CEO Mark Cutifani does not expect a reversal of the commodities price slump any time soon and says 2016 looks set to be the ‘most challenging yet’


SA’s mining sector has bled 47,000 jobs in three years

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

Chamber of Mines CEO Roger Baxter says costs have risen 20% a year, driven mostly by electricity prices, putting large swathes of production under water

Trade & Industry

US opens up for more of SA’s goods

Rob Davies. Picture: GCIS
6 hour(s) ago

Agoa thaw leads to discussion on access for more farm produce to enter US market duty free under trade accord

Transport & Tourism

Prasa asks court to declare contracts invalid

2 hour(s) ago

Passenger Rail Agency of SA says in affidavit that Siyangena Technologies was given an advantage through ‘bid-rigging’ and process involved ‘corrupt activities’


Amplats impairments and restructuring push it deep into the red

Amplats CEO Chris Griffith. Picture: MARTIN RHODES
2 hour(s) ago

All of Anglo American Platinum’s mines generated cash, and debt was reduced, says CEO Chris Griffith, as the miner details the suspension of its Twickenham mine


Stricken Evraz Highveld’s sale tanks

STALLED: Workers at the Evraz Highveld steel plant in Emalahleni. Picture: SUNDAY TIMES
4 hour(s) ago

A deal to buy Evraz Highveld Steel and Vanadium has fallen through, leaving the country’s second-largest steel maker in business rescue


JSE reprimands Steinhoff director for 10-month-old share trades

6 hour(s) ago

Steinhoff blames nonexecutive director’s failure to obtain clearance on ‘misunderstanding and oversight between the directors and relevant bank ’


Delays rob student housing providers of rent

Students at the Vaal University of Technology. A freeze in fees means more students, who will need more accommodation, industry professionals say.  Picture: SOWETAN
5 hour(s) ago

Protests and registration delays leave student housing providers out of pocket even as overall bed shortage grows

Platinum. Picture: REUTERS

Three mining changes that could net major investment

With $1.7-trillion floating around the world seeking the best returns, SA could capitalise significantly, writes Ross Harvey


Key question is will Zuma be honest in his appraisal of SA’s economy and finances, writes Songezo Zibi

UNEMBARGOED: Zuma must set the frame for Gordhan's budget


Stuart Theobald promo

Changes afoot to legislation could significantly increase load for prominent individuals, writes Stuart Theobald

New Fica iteration to compound rather than cure banks' headache


Tax experts unimpressed with solar energy incentive

Solar energy. Picture: REUTERS/REGIS DUVIGNAU
13 minute(s) ago

Deloitte says an additional tax deduction, rather than an accelerated one, would be more effective in encouraging the adoption of solar energy


Not even Zika can stop the Rio carnival

A member of the Grande Rio samba school performs during the first day of the Carnival parade at the Sambadrome in Rio de Janeiro on Sunday, February 7 2016. Picture: EPA
1 hour(s) ago

With crazy costumes, pulsating music and a dab of mosquito repellent, performers swat aside concern about the virus to enjoy the world’s biggest party


EFF stands by Malema’s anti-Gupta comments

EFF leader Julius Malema and deputy president Floyd Shivambu. Picture: RUSSELL ROBERTS
3 hour(s) ago

The Economic Freedom Fighters refuses to tone down its criticism of The New Age newspaper and ANN7 news network as well as the family who owns them


Falling demand at Mining Indaba

Former Mineral Resources minister Ngoako Ramatlhodi was unexpectedly replaced by Mosebenzi Zwane last year. Picture: TREVOR SAMSON
6 hour(s) ago

Delegates want to find out about full value for money, writes Allan Seccombe


Pikitup workers did not strike, says union

Pikitup workers. Picture: FREDDY MAVUNDA
5 hour(s) ago

Waste-collection company demands explanation from union for lack of service if employees were not on strike


Nuclear energy just not natural for SA

Facts speak for themselves: we need electricity now; nuclear energy can’t provide this, but renewable energy can — at far less cost, writes Geoff Davies


US reassures South Korea and Japan of commitment to their defence

LIFT OFF: North Korea launched on Sunday a long-range rocket, which resulted in the US and South Korea calling for stronger sanctions. Picture: REUTERS
4 minute(s) ago

This follows North Korea’s putting a satellite into orbit on Sunday, which the US and its allies see as cover for Pyongyang’s development of ballistic missile technology


COPE mulls laying charge of incitement against ANC Youth League

New ANC Youth League president Collen Maine is expected to discuss his resignation as North West health MEC at Luthuli House on Monday. Picture: SUNDAY TIMES
7 minute(s) ago

Congress of the People is ‘seriously alarmed at war talk’ from ANC Youth League president, after he threatens ‘civil war’ if EFF disrupts state of the nation address


EFF promises to cover every inch of SA to spread its message

Picture: EFF
1 hour(s) ago

Economic Freedom Fighters will tell everyone in every village‚ township‚ suburb‚ kraal and city about ‘economic freedom in our lifetime’


North Korea lights fire under UN security body

LIFT OFF: North Korea launched on Sunday a long-range rocket, which resulted in the US and South Korea calling for stronger sanctions. Picture: REUTERS
5 hour(s) ago

Diplomats say they expect the 15-nation body to condemn Pyongyang and redouble efforts to agree on new sanctions


Emerging coal exporters face tough year ahead

5 hour(s) ago

Department of Mineral Resource offers some relief for junior miners who fall short of Eskom’s Quattro coal concession


ECONOMIC WEEK AHEAD: Tourism data could brighten a dark outlook

5 hour(s) ago

Attention also fixed on domestic mining and manufacturing production this week, writes Ntsakisi Maswanganyi

Financial Services

Finbond buys US ‘payday lenders’

5 hour(s) ago

Group clinches deals to buy TV Profile, Cash in a Flash Advertising and half of Cashback in the US, as well as the Cash Shop in Canada

Financial Services

Expanding EasyPay base benefits Net1

5 hour(s) ago

Payment group expands offerings and aims at a million-strong customer base in the next few months


NEWS ANALYSIS: Rally does not tally with dire profit warning

Picture: ISTOCK
6 hour(s) ago

Investors may be taking comfort from Kumba’s efforts to cut costs drastically in its time of distress, writes Shaun Harris

Telecoms & Technology

All systems Go for SA’s new pay-TV service

6 hour(s) ago

Time will tell if the platform can compete with satellite and video streaming, writes Thabiso Mochiko

African Business

Randgold profit falls 11% on declining gold prices

31 minute(s) ago

However, an analyst said in a note to clients that the results were ‘positive’ and that Randgold Resources’ results were ahead of expectations


Pakistan power giant favours SA as source

5 hour(s) ago

Pakistan's biggest sources of power in the next decade expected to be coal and imported liquefied natural gas, with numerous coal-fired projects in planning stage


African miners can turn crisis around, says McKinsey

HEADWINDS: Mining companies are being battered by headwinds from slowing growth in demand from China. Picture: REUTERS
1 hour(s) ago

Creating Global Mining Winners in Africa report says African mining companies ‘have access to levers to triple or quadruple their chances of becoming world class’


POLITICAL WEEK AHEAD: Hope and experience in contest once again

CONTEND: There are other ways to resolve a conflict than by means of a strike (a notion surely considered by Amcu president Joseph Mathunjwa here, preparing to hand over a memorandum), the writer argues. Picture: THE TIMES
5 hour(s) ago

President Jacob Zuma in spotlight for Constitutional Court hearing on Nkandla as well as closely watched address to nation, writes Linda Ensor


Barclays urged to ditch Africa unit and focus on core UK business

6 hour(s) ago

Analyst warns investment unit is the ’elephant in the room that needs major surgery' while African business lacks synergies with rest of the bank


Presidency in race to placate Cosatu on tax

Jeff Radebe. Picture: GCIS
5 hour(s) ago

Possible delay of March 1 launch date would require law amendment be rushed through Parliament and signed off by President Jacob Zuma

View more


Madonna performing at a concert in the Taipei Arena in Taipei, Taiwan, 06 February 2016. Picture: EPA/LIVE NATION TAIWAN

Madonna embroiled in Taiwan-China row over flag

Singer sparks ire in China after draping herself in island’s flag, but many in Taiwanese internet forums see it as a boost to their quest to protect the island’s sovereignty

Arts & Entertainment

The big world of tiny artwork hits Joburg later this month

2 day(s) ago

SA will host the four-yearly World Federation of Miniaturists exhibition in a first for the continent, writes Sue Blaine


Seven tips for firing someone the right way

2 day(s) ago

Here are seven tips on the best way to decide to let a low performer go

GOAL: Diego Costa beats Manchester United's Cameron Borthwick-Jackson as he equalises for Chelsea while David de Gea looks on. Picture: REUTERS

United let it slip as Costa rescues Blues

Chelsea snatches 1-1 draw at home to Manchester United


Downs fight back to outshine Free State Stars

6 hour(s) ago

Mamelodi Sundowns extend their lead to six points with fine come-from-behind 5-2 win over Free State Stars at the James Motlatsi Stadium

Other Sport

Froome starts season with a win in the sun

LEADER OF THE PACK: Team Sky rider Chris Froome of Britain, winner of the centenary Tour de France cycling race, celebrates his overall victory on the podium on Sunday. Picture: REUTERS
6 hour(s) ago

After five months of not competing, Froome wins Herald Sun Tour in final stage of the race

Other Sport

Le Clos hints to Rio freestyle

Chad Le Clos during day 1 of the South African Swimming Grand Prix Series. Picture: STEVE HAAG/GALLO IMAGES
6 hour(s) ago

Chad le Clos achieves Olympic qualifying time in 200m freestyle in second leg of the SA grand prix series in Durban


Blitzboks lose captain Snyman and their discipline

6 hour(s) ago

Ill-discipline cost the Blitzboks in latest leg of the HSBC World Sevens Series


Myoli refuses to drop Frylinck charges, says source

6 hour(s) ago

Dolphins fast bowler Ayavuya Myoli unhappy at way teammate Robert Frylinck’s disciplinary hearing for punching him was handled


Chiefs to make Durban a ‘home’

George Lebese and Bernard Parker celebrate during the MTN 8 Final match between Kaizer Chiefs and Orlando Pirates at Moses Mabhida Stadium on Saturday in Durban. Picture: GALLO IMAGES/ANESH DEBIKY
6 hour(s) ago

Kaizer Chiefs sign agreement with eThekwini municipality, arranging games in Durban over next few months

Standard Bank

JSE Sens

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