• Monday, October 20 2014
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Old Mutual has billions left in UK after deal

5 hour(s) ago

The deal deepens Old Mutual’s commitment to the UK and is a sign that, despite its desire to grow in emerging markets such as Africa, it will not pull out of the UK anytime soon


Royal Bafokeng Platinum delays start of new Styldrift mine

2 hour(s) ago

Platinum producer says project is behind schedule, warns main shaft will be commissioned in second quarter of next year rather than first quarter

Transport & Tourism

Sanral does a U-turn on Gauteng e-toll panel

Picture: SOWETAN
5 hour(s) ago

The about-turn may flag a subtle acknowledgement that the government is gradually losing the public relations battle against a resurgent anti-toll campaign

Business Times

Nene needs Eskom plan — and iron fist on wages

Nhlanhla Nene: Picture: REUTERS
23 hour(s) ago

Finance minister faces a baptism of fire when he unveils his first budget update this week as flagging growth and ballooning budget deficits take a toll on government finance

African Business

SA mine in Guinea acts on Ebola risk

BIG FIGHT: Volunteers train at a Doctors Without Borders replica of Ebola treatment centres in Brussels, before being sent to help fight the spread of the deadly virus in Africa. Picture: AFP
5 hour(s) ago

In addition to an intensive education campaign, the mine — which employed 3,674 people last year, about half of them contract workers — conducts daily screenings


POLITICAL WEEK AHEAD: Committee to deal with Nkandla spending

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

Both the ad hoc committee on Nkandla and the powers and privileges committee considering charges against Julius Malema and 19 members of his caucus are to meet in the week


Special meeting as Cosatu plods on with battles

Zwelinzima Vavi. Picture: BLOOMBERG/NADINE HUTTON
5 hour(s) ago

Federation expects mediation from ANC as Vavi issue looms, writes Natasha Marrian


Wesizwe Platinum set for the ‘perfect storm’

The main shaft at Wesizwe’s Bakubung platinum mine in Rustenburg. Picture: SUNDAY TIMES
5 hour(s) ago

A weak platinum price, which could remain so for up to 18 months, had rendered a large number of shafts unprofitable and capital expenditure had been cut to a minimum, says chief operating office


Branches want Cele to lead ANC in eThekwini

Former national police commissioner Bheki Cele. Picture: SAPA
5 hour(s) ago

Former police chief was re-elected as an ordinary member of the NEC at the ANC’s Mangaung conference and is now agriculture, forestry and fisheries deputy minister

Nhlanhla Nene.  Picture: SOWETAN

Nene juggles austerity and expectations

Nene is faced with a faltering economy, a revenue shortfall of R15bn or so, some big spending pressures and ever-rising government debt, writes Hilary Joffe


Desired outcome of cadre deployment has collapsed under the unstable weight of the process designed to achieve it, writes Gareth van Onselen

The disintegration of cadre deployment under Zuma


Aubrey Matshiqi promo

Aubrey Matshiqi examines some of the outcomes of the recent ANC Gauteng provincial conference

Proxy battles must not blind ANC to future needs


PPC investors set to force board’s hand

Ketso Gordhan. Picture: ARNOLD PRONTO
5 hour(s) ago

Ketso Gordhan, who resigned abruptly last month as CEO, is supportive of minority shareholders’ moves


ECONOMIC WEEK AHEAD: A lot expected of Nene in maiden medium-term budget

Deputy Finance Minister Nhlanhla Nene. Picture: FINANCIAL MAIL
5 hour(s) ago

Challenges include inflation, slowing consumer spending, and the economy, which continues to grow well below its potential of at least 3%


Gambling board suspended over ‘breach of finance rules’

Trade and Industry Minister Rob Davies. Picture: TREVOR SAMSON
5 hour(s) ago

These include failing to prevent irregular, fruitless and wasteful expenditure and the use of a bank overdraft without the approval of the finance minister

Telecoms & Technology

Icasa councillors mull legal battle on dismissals

Faith Muthambi. Picture: GCIS
5 hour(s) ago

Communications Minister Faith Muthambi may have to back down on a decision to have councillors removed from office or ‘face a court challenge’

Telecoms & Technology

Cellular companies retrenching hundreds

5 hour(s) ago

MTN, Telkom and Cell C are cutting hundreds of jobs to cut costs


Big, white business owes it to SA to fight inequality

Big business — still largely white — has not contributed enough to tackling the SA’s huge developmental challenges, writes Ebrahim Harvey

African News

Nigeria expected to be declared Ebola-free

People walk outside the Ebola Island Clinic in Monrovia on October 11 2014.  Picture: AFP PHOTO/ZOOM DOSSO
5 hour(s) ago

Nigeria expected to be declared Ebola-free three months after fears that the virus could spread like wildfire through Africa’s most populous nation


Dewani hitman dies of brain tumour

Xolile Mngeni.  Picture: SUNDAY TIMES
23 hour(s) ago

Hitman serving life sentence for shooting dead Shrien Dewani’s wife, due to testify in Dewani’s trial for plotting the murder, dies at Goodwood Correctional Centre

Business Times

Africa rides the rails once more

20 hour(s) ago

Private-sector funds and rolling-stock charters keep wheels turning on heavy-haul rail renaissance


Political worries grow for UK, forecasters say

17 hour(s) ago

Investors increasingly worried about political risks in Britain, including outcome of national election in May and a possible referendum on EU membership

Business Times

How slain tycoon Wiggill took SA’s banks for a R1bn ride

OPULENT MANSION: The late Jeff Wiggill's imposing home in Woolston Drive in Westcliff, Johannesburg. Picture: SIMON MATHEBULA/SUNDAY TIMES
23 hour(s) ago

How former First Strut chairman Jeff Wiggill masterminded fraud of almost R4-billion from Investec, Standard Bank, the Industrial Development Corporation and other institutions

African Business

Senegal promotes $23bn development strategy

18 hour(s) ago

If the bulk of foreign investment is liable to come from developed economies and China, a fat slice of the pie could have 'Reserved for SA' written on it


CEO resignation puts PPC in tough spot to find successor

Ketso Gordhan. Picture: MARTIN RHODES
5 hour(s) ago

Ketso Gordhan’s modest salary may put off candidates, as well as test the saleability of the idea of ‘conscious capitalism’


Platinum stock above ground remains a puzzle

Heaps of platinum ore before the refinery process. Picture: SUNDAY TIMES
5 hour(s) ago

Analysts predicted a surging market as a record five-month labour stoppage in SA wiped out more than 1-million ounces of output worth $1.28bn


Hong Kong street clashes continue ahead of planned talks

Riot police line up in front of protesters in the Mongkok shopping district of Hong Kong on Sunday.  Picture: REUTERS
5 hour(s) ago

Violent clashes erupt in Hong Kong for second night on Sunday, deepening sense of impasse between government with limited options and pro-democracy movement


Obama names Ebola ‘czar’

Director of the US Centers for Disease Control and Prevention Tom Frieden listens via video conference as President Barack Obama (second right) holds a meeting with cabinet agencies co-ordinating the government's Ebola response at the White House earlier this week.  Picture: REUTERS
1 day(s) ago

US president appoints former White House adviser as US Ebola ‘czar’ and names senior officials to help step up response in Texas, where the disease first appeared on US soil

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HEAVYWEIGHT: Sir John Sawers, head of the British Secret Intelligence Service. Picture: REUTERS

Master of spies for a new era

Changes were made in the UK’s secret services after the ‘weapons of mass destruction’ fiasco, writes Lionel Barber

Arts & Entertainment


5 hour(s) ago

There’s hardly a song on the original Days Of Wine And Roses album that I can’t instantly recall with pleasure more than thirty years later, writes Richard Haslop

Travel & Food


3 day(s) ago

Eugene Yiga takes some time out to savour an Ethiopian feast in a welcoming environment

Tefu Mashamatie.   Picture: GALLO IMAGES

Dominant Chiefs keep their head

Amakhosi’s 15-match ‘runaway train’ smashes Sundowns record


Meyiwa to captain Pirates after his performances for Bafana

Orlando Pirates coach Vladimir Vermezovic. Picture: GALLO IMAGES/LEFTY SHIVAMBU
5 hour(s) ago

Just a few days after returning from another successful Fifa international week with Bafana, goalkeeper Meyiwa was awarded the captain’s armband ahead of Siyabonga Sangweni

Other Sport

Williams criticises ‘bully’ remarks

Serena Williams. Picture AFP/ROSLAN RAHMAN
5 hour(s) ago

Tennis star applauds swift action from the Women’s Tennis Association, which fined Russian federation chief Shamil Tarpischev $25,000 and banned him from tennis for a year

All Share 47859.990.05% up
Top 40 42730.27-0.01% down
Financial 15 13939.270.16% up
Industrial 25 57035.930.12% up
Resource 10 49622.79-0.52% down
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Standard Bank
FTSE 100 6278.28-0.51% down
Dow Jones 16380.410.00% same
All Share 47855.570.04% up
ASX 5307.300.90% up
S&P 500 1886.7600.00% same
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Standard Bank
USD/ZAR 11.0489-0.28% down
GBP/ZAR 17.8146-0.05% down
EUR/ZAR 14.0966-0.17% down
JPY/ZAR 0.1031-0.33% down
AUD/ZAR 9.6878-0.08% down
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Standard Bank
Gold 1241.14500.40% up
Platinum 1267.70001.09% up
Silver 17.37650.58% up
Palladium 755.75000.77% up
Brent Crude Oil 86.090-0.28% down
All data is delayed by 15 min.
Data supplied by INET BFA
Standard Bank

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The Third Umpire

Finance Minister Nhlanhla Nene, for taking the rational step of starting to offload state-owned assets such as the Vodacom stake to help fund Eskom’s capital requirements. The government should get back to basics.

Our Vote
Cast your vote

New Sita CEO Freeman Nomvalo. The financial discipline and cost-cutting measures he has introduced are long overdue at an agency that is among the most corrupt and wasteful of all SA’s state-owned entities.

Our Vote
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Health Minister Aaron Motsoaledi. If he truly believes the biggest problem facing our health system is that private citizens spend more than the state, we are in trouble. It is public health services that are broken.

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  • All Share : 47859.99
    Change: 0.05%
    Top 40 : 42730.27
    Change: -0.01%
    Financial 15 : 13939.27
    Change: 0.16%
    Industrial 25 : 57035.93
    Change: 0.12%
    Resource 10 : 49622.79
    Change: -0.52%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • FTSE 100 : 6278.28
    Change: -0.51%
    Dow Jones : 16380.41
    Change: 0.00%
    Hang Seng : 23089.42
    Change: 0.29%
    ASX : 5307.30
    Change: 0.90%
    S&P 500 : 1886.760
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • ZAR/USD : 11.0556
    Change: -0.22%
    ZAR/GBP : 17.8252
    Change: 0.01%
    ZAR/EUR : 14.1033
    Change: -0.12%
    ZAR/JPY : 0.1032
    Change: -0.27%
    ZAR/AUD : 9.6935
    Change: -0.02%
    All data is delayed by 15 min
    Data supplied by INET BFA
  • Gold : 1241.1450
    Change: 0.40%
    Platinum : 1267.7000
    Change: 1.09%
    Silver : 17.3765
    Change: 0.58%
    Palladium : 755.7500
    Change: 0.77%
    Brent Crude Oil : 86.090
    Change: -0.28%
    All data is delayed by 15 min
    Data supplied by INET BFA