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Nosizwe Nokwe-Macamo. Picture: FINANCIAL MAIL

PetroSA does a Tsotsi on executives

2 hour(s) ago

Top three executives at the company, including CEO Nosizwe Nokwe-Macamo, to be put on forced leave by board ahead of probe

National

US alleges SA bribed Fifa for World Cup

US attorney-general Loretta Lynch and James Comey, the director of the Federal Bureau of Investigation, at a press conference on Wednesday about the arrests of Fifa officials. The arrests were part of a probe that exposed a massive sporting scandal. Picture: EPA/JUSTIN LANE
2 hour(s) ago

Indictment alleges 14 senior soccer officials and marketing executives engaged in a $151m, 24-year bribery scheme surrounding the promotion of world tournaments

Industrials

Aveng shares plummet to 10-year low

Picture: BUSINESS DAY
2 hour(s) ago

Sharp drop in the share price has pushed Aveng into the small-cap index along with all the JSE’s other construction companies

Financial Services

Blue Financial Services may be forced to sell up if plan fails

Blue Financial Services CEO Johan Meiring. Picture: FINANCIAL MAIL
2 hour(s) ago

Troubled unsecured lender has been in limbo since 2008 when it expanded into a number of African countries, notably Nigeria

Energy

Electricity demand will exceed supply for next 24 to 36 months, says Zuma

President Jacob Zuma responds to questions on his budget in Parliament on Wednesday.  Picture: TREVOR SAMSON
15 hour(s) ago

Load shedding to ration insufficient supply likely to continue for the next three years as demand for electricity outstrips supply

Politics

‘Mayor Jordaan’ to be sworn in

Danny Jordaan’s installation has been overshadowed by opposition parties who refuse to attend. File picture: SUNDAY TIMES
1 hour(s) ago

Opposition parties hope ANC caucus is so divided that some of its councillors will either not show up at Thursday’s meeting or will not vote for Danny Jordaan when the election takes place

National

Financial misconduct on rise, Public Service Commission report shows

Michael Seloane. Picture:  PUXLEY MAKGATHO
1 hour(s) ago

The number of cases of financial misconduct is low when compared to the high rate of unauthorised and fruitless expenditure, says Gauteng commissioner

Healthcare

Data on private hospitals will put consumers in the picture, says Discovery Health

Picture: THINKSTOCK
10 hour(s) ago

Discovery Health on the brink of being able to publish information about the best and worst performing private hospitals, says deputy CEO Ryan Noach

Picture: THINKSTOCK

Can state tenders uplift small business without hiking cost?

It may arguably be more effective — and will not risk distorting the market — to move procurement online, writes Stephen Timm

Opinion & Analysis

Gideon Rachman promo

David Cameron’s demand for renegotiation of UK’s membership of EU met with mixture of anger and incomprehension, writes Gideon Rachman

European Union plan is about declining British sway

Columnists

Kris Venne: In finance new ideas are often no more than catchy stories about an investment told in order to sell it

STREET DOGS: Where new ideas are not always welcomed

Energy

Fracking regulations imminent

Hydraulic fracturing drilling. Picture: THINKSTOCK
1 hour(s) ago

Specialists and scientists to conduct environmental assessment this month and the Treasure the Karoo Action Group, which opposes fracking, will serve on the investigation

Soccer

SABC and Siyaya TV at war over rights to Bafana matches

Picture: THINKSTOCK
1 hour(s) ago

Pay-TV newcomers were granted a licence from the Independent Communications Authority of SA six months ago and are only expected to go on air in October

National

Opposition MPs in denial over apartheid, says Zuma

President Jacob Zuma responds to questions on his budget in Parliament on Wednesday.  Picture: TREVOR SAMSON
1 hour(s) ago

President Jacob Zuma reiterates that apartheid to blame for crises in education and Eskom, and chastises MPs for talking down the country when it was ‘doing well’

National

Nhleko postpones Nkandla ruling

Nathi Nhleko. Picture: TREVOR SAMSON
9 hour(s) ago

Police minister to announce whether President Jacob Zuma should pay back public funds spent on upgrades of his private residence

Cell C CEO Jose dos Santos. Picture: MARTIN RHODES

Cell C seeks new users but must keep them

Something has been overlooked and it feels like it’s the data elephant in the room. Surely we need more innovation around data — a need that is fast affecting mobile growth, writes Suhana Gordhan

Industrials

Rising energy costs, outages threaten ArcelorMittal SA

Theo Botha. Picture: SUNDAY TIMES
1 hour(s) ago

Steel producers under pressure to apply ‘developmental’ pricing as the sector is considered key to downstream industrialisation

Media

Opposition calls for SABC to readvertise board posts amid dearth of candidates

Joyce Moloi-Moropa.  Picture: TREVOR SAMSON
1 hour(s) ago

Parliament’s communications portfolio committee expected to meet next week to short-list candidates

Mining

Implats terminates sale of Marula mine

Impala Platinum's Marula mine.  File picture: TYRONE ARTHUR
16 hour(s) ago

Stagnant metal prices and the abundance of platinum assets for sale on the market ‘has made the sale difficult’

Americas

Property in Bel Air may fetch $500m

Nile Niami, a film producer and speculative residential developer, says the house will have almost every amenity available and will boast a 30-car garage and casino. Picture: BLOOMBERG/HANS VESTBERG
1 hour(s) ago

Los Angeles mansion set to be one of the largest in US history, writes John Gittelsohn

Europe

Soften your stance on Greece, Nobel laureate warns EU

Economist and former World Bank chief Joseph Stiglitz. Picture: REUTERS
1 hour(s) ago

Nobel laureate Joseph Stiglitz’s comments echo calls for European Union leaders to compromise as time runs short

African News

Madagascar president fights for political life

President Hery Rajaonarimampianina says he will fight his impeachment. Picture: AFP PHOTO/RIJASOLO
1 hour(s) ago

President Rajaonarimampianina challenges the legality of a parliamentary vote to impeach him amid claims of irregularities

Europe

Ericsson seeks way to remain relevant after Nokia bulks up with Alcatel merger

Hans Vestberg. Picture: REUTERS/FREDRICK SANDBERG
1 hour(s) ago

Ericsson toyed with offer for Alcatel-Lucent late last year, but walked away because of concern over a lack of savings and other benefits

Retail & Consumer

Massmart keeps sales growing at 9.5% rate

Makro store in Midrand, Johannesburg. Picture: SOWETAN/ANTONIO MUCHAVE
1 hour(s) ago

Sales growth in Massbuild’s five stores in Botswana and Mozambique remain ‘very strong’, with a net 19 new stores in SA and six new stores in Africa this year

Europe

Absent China a cloud over G-7 talks

Members of the German riot police outside the castle Elmau in Kruen, southern Bavaria, where the Group of Seven summit is being held. Picture: REUTERS/Michael Dalder
1 hour(s) ago

Flagging global growth tops the agenda as well as tensions over China’s growing global economic and political influence

National

SARS achieves 92% conviction rate for tax crime offenders

Picture: GALLO IMAGES/FOTO24/CORNEL VAN HEERDEN
14 hour(s) ago

In 2014/5 financial year‚ total of 256 individuals/entities convicted in cases involving R196m, with fines totalling R9.6m issued‚ SARS says

Americas

Amazon to pay tax to locals, but just a little

Picture: BUSINESS DAY
1 hour(s) ago

Amazon is one of the highest-profile targets of an international drive against tax avoidance

Europe

Queen Elizabeth sets her seal on plan for EU referendum

1 hour(s) ago

UK Prime Minister David Cameron gives priority to legislation for referendum on leaving EU as Queen Elizabeth II sets out his government’s agenda for coming year

Other Sport

Christodoulou calls for workshops to keep boxing referees on their toes

Picture: THINKSTOCK
1 hour(s) ago

Boxing SA needs to get its house in order after a number embarrassing calls where officials — old and young alike — have performed so poorly fans booed

Property

Top hotel, apartment block for Cape Town’s CBD

Picture: THINKSTOCK
7 hour(s) ago

Radisson Blu Hotel and Residence planned for lower city centre in R1bn project

View more

Cartoons

So-called dagga couple Julian Stobbs and Myrtle Clark have taken on seven government departments and ‘unlawful laws’ in their bid to legalise cannabis. Picture: IHSAAN HAFFEJEE

‘It is absurd that dagga is still illegal in SA’

Despite intense lobbying, the jury is out on if medicinal cannabis should be allowed, writes Marika Sboros

Motoring

INTERNATIONAL LAUNCH: Cat gives driving control its all

The F-Type AWD at the track sporting a new Jaguar body kit.
1 hour(s) ago

Mark Smyth drove the new Jaguar F-Type all-wheel drive while in NYC

Motoring

CONCEPT MODELS: Timeless classic reborn

The 3.0 CSL Homage pays homage to the original model of the 1970s.
1 hour(s) ago

BMW used the Villa d’Este concours d’elegance to unveil its 3.0 CSL Hommage design study

Motoring

INTERNATIONAL LAUNCH: A new performer in town

The SVO designers have included a number of unique cosmetic and functional enhancements.
1 hour(s) ago

We travelled to New York to experience Range Rover’s Sport SVR

Health

Novartis raises its bet on ‘robotic pill’

A Novartis logo on its headquarters in Mumbai, India. Picture: REUTERS
20 hour(s) ago

The Rani capsule, which is swallowed like a conventional pill, contains tiny needles made of sugar that are pushed into the wall of the intestine to deliver the drug

Opinion

EDITOR’S NOTE: Waving a big stick is not the solution

Government may have reduced the e-toll tariffs but Mark Smyth asks if it reduces the mistrust

AND THE WORLD CUP GOES TO ... Fifa president Sepp Blatter, left, announces in Zurich on May 15 2004 that SA has won the right to host the 2010 Soccer World Cup. Picture: REUTERS

Europeans lead outcry over latest scandal to hit Fifa

President Sepp Blatter urged to take some responsibility for the organisation’s mess

Cricket

Phangiso gets nod ahead of Piedt for Bangladesh tour

Aaron Phangiso was named in SA’s squad on Wednesday for a Test series in Bangladesh. File picture: ASHLEY VLOTMAN/GALLO IMAGES
1 hour(s) ago

Aaron Phangiso deserves his place in the one-day international and Twenty20 (T20) squads, formats in which he has proved himself a master of control and composure

Other Sport

Sharapova and Federer advance

Roger Federer of Switzerland in action against Marcel Granollers of Spain during their second round match of the French Open tennis tournament at Roland Garros in Paris, France, on Wednesday. The Swiss second seed won the match 6-2 7-6 (7/1) 6-3 and will next meet Damir Dzumhur of Bosnia. Picture: EPA/ROBERT GHEMENT
1 hour(s) ago

While French 12th seed Gilles Simon gave the locals something to shout about by beating Martin Klizan of Slovakia

Soccer

Four eager underdogs chase first Cosafa Cup

Obuile Ncenga of Botswana during the 2015 Cosafa Cup Quarter Final match between South Africa and Botswana at Moruleng Stadium on May 24 in Rustenburg. Picture: GALLO IMAGES/LEE WARREN
1 hour(s) ago

Namibia, Botswana — who overcame SA on penalties in the quarters — Malawi and Mozambique set to fight for Cosafa Cup glory

Rugby

Gold shuffles squad for Rebels clash

Lubabalo Mtyanda. Picture: GALLO IMAGES/STEVE HAAG
1 hour(s) ago

Poorly performing Sharks take on Rebels during their best Super Rugby season since their inception in 2011

JSE Sens

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The Third Umpire

US attorney-general Loretta Lynch, for driving the probe into the 2018 and 2022 Soccer World Cup bids that led to the arrest of Fifa officials in Switzerland yesterday. “About time,” said every true football fan.

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Don’t be fooled by Nampak’s share plunge, CEO Andre de Ruyter is doing a good job. The disappointing interim figures reflect the poor state of the domestic economy — the company is expanding in the rest of Africa.

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Stellenbosch University microbiologist Du Preez van Staden, who has discovered a new bacterium in fynbos soil that kills a range of pathogens, including a superbug that has become resistant to existing antibiotics.

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