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US Federal Reserve chairwoman Janet Yellen speaks at a media conference on Thursday. The central bank held off on a historic rise in interest rates yesterday on concerns about the Chinese economy and other global risks. Picture: BLOOMBERG/ANDREW HARRER

Yellen warns of global turmoil

22 minute(s) ago

Fed chief singles out China as source of global economic turmoil as well as some major risks to US growth

Business

IDC must restructure R20bn worth of debt

Geoffrey Qhena, CEO of the Industrial Development Corporation. Picture: SUNDAY TIMES
11 minute(s) ago

The Industrial Development Corporation is considering delaying a $5bn steel-mill venture with a Chinese partner, as a result of the debt

Mining

AngloGold suspends search for partnerships in Ghana and Colombia

Srinivasan Venkatakrishnan, CEO AngloGold Ashanti. Picture: TREVOR SAMSON
6 hour(s) ago

Last year, AngloGold Ashanti outlined a plan to cut debt and restructure its asset portfolio, as the gold miner deepened its focus on profit margins rather than output

Industrials

Lower costs lift Sappi’s North American business

FUTURE: Workers stand beside storage towers at Sappi’s Ngodwana wood mill in Mpumalanga on  Wednesday. Picture: BLOOMBERG
6 hour(s) ago

The wood pulp, paper pulp and paper-based solutions group says operating performance in the quarter was strong and substantially above the year-earlier period

Politics

EFF gives reasons why ‘the Guptas must go’

EFF leader Julius Malema addressing his supporters on February 9 2016. Picture: Shenaaz Jamal
4 hour(s) ago

The Economic Freedom Fighters releases a list explaining why it believes the Gupta family must leave or be made to leave SA

National

Zuma tries to sidestep fallout with climbdown

The issue of whether President Jacob Zuma would pay back the money spent on upgrades to his Nkandla home has harmed both the African National Congress and Parliament. Picture: REUTERS/ROGAN WARD
11 hour(s) ago

President Jacob Zuma admits he’s bound by Public Protector Thuli Madonsela’s finding, and that Nkandla has ‘traumatised’ South Africa

Business

Business offers plan to stave off downgrade

President Jacob Zuma at a meeting with business leaders in Cape Town on Tuesday. Picture: ESA ALEXANDER
11 hour(s) ago

Main question left hanging after frank talks between President Zuma, cabinet ministers and more than 100 CEOs is what the follow-through will be

Transport & Tourism

Number of foreigners visiting SA rose sharply in December

Picture: THINKSTOCK
1 hour(s) ago

Statistics SA data show that the volume of foreign arrivals in SA increased from 1.3-million in November to 1.5-million in December

Economy

SA heading for policy discouraging trade through new bills

LET’S TALK: Peter Draper, MD of Tutwa Consulting, says the ideological agenda behind the bill is unfavourable to business. Picture: RUSSELL ROBERTS
11 hour(s) ago

Private security and expropriation bills sully South Africa’s image as attractive investment destination, SA-European Union hears

Picture: THINKSTOCK

Let’s come to terms with capitalism’s ‘animal spirits’

Even the Chinese Communist Party has come to terms with the ‘animal spirits’ of capitalism and it is time we all — cautiously — followed suit, writes Glen Heneck

Columnists

Leon Louw promo

But an initiative is driving a nail into the apartheid coffin by ensuring that residents of Tumahole become owners of land and homes, writes Leon Louw

Land dispossession lives on, even after apartheid

Columnists

Delay in SABMiller-Coca-Cola-Gutsche megadeal fuels investors’ concern, writes Hilary Joffe

World keen to know if megabrew will clear hurdles

Europe

French foreign minister to leave office

French Foreign Affairs Minister Laurent Fabius. Picture: REUTERS
2 hour(s) ago

French Foreign Minister Laurent Fabius’s widely expected move is set to trigger a wider reshuffle of the unpopular government

National

Farm attacks highest in 15 years in 2015

Picture: THINKSTOCK
1 hour(s) ago

Civil rights organisation AfriForum and agricultural union TAU SA say 318 attacks recorded and 64 farmers and workers murdered

Retail & Consumer

Sovereign blocks rival in BEE scheme

Picture: THINKSTOCK
11 hour(s) ago

Poultry group's total cost of revised repurchase offer will be R32.4m — significantly less than R70m Sovereign could have forked out

Economy

Positive Zuma address to help offset rand pressure

President Jacob Zuma answers question in the National Assembly on Thursday. Picture: TREVOR SAMSON
11 hour(s) ago

Indications of state spending cuts and hints at tax hikes in president’s state of the nation address will be good news for the ailing currency

Economy

Economic transactions decline in January, index shows

Picture: THINKSTOCK
5 hour(s) ago

A total of 78-million transactions amounting to R640.9bn were recorded in January compared with 89-million transactions totalling R784.6bn in December

DEBT BREWING: AB InBev agreed to buy SABMiller in October for about $110bn. Picture: REUTERS

Smaller two of the big four brewers scramble to up their game

Heineken has a 16.5% reported operating margin and Carlsberg 12.9%, compared with Anheuser-Busch InBev’s 31.9% and SABMiller’s 20.3%

Mining

Master Drilling unveils new concept at indaba

Danie Pretorius. Picture: TREVOR SAMSON
11 hour(s) ago

CEO Danie Pretorius says Master Drilling’s ground-breaking way to sink shafts combines technologies into single patented machine

Europe

Mercedes in the lead in luxury-car sales race, as BMW falls to third position

Picture: REUTERS
1 hour(s) ago

Audi had the slowest growth of the world’s three biggest upscale car brands with sales increasing 4%, but still outsold BMW

African News

Ebola’s ‘burial boys’ battle depression and addiction with no hope of help

Sierra Leone's Red Cross Society Burial Team 7 carrying the corpse of a child in Freetown. Picture: AFP/ FRANCISCO LEONG
3 hour(s) ago

Liberia has just one psychiatrist for a population of 4-million, according to the health ministry, while Sierra Leone, home to 7-million, also has only one

National

Guptas succeed in legal remedy to halt EFF threats

PROTECTION:  Ajay, left, and Atul Gupta and other members of the family turned to the high court for an urgent order to stop the Economic Freedom Fighters from inciting violence against them and staff in their businesses. The Guptas said threatening calls were received earlier this week. Picture: MARTIN RHODES
11 hour(s) ago

Contentious business family’s lawyer shows court footage of EFF members shouting ‘shoot Zuma, shoot the Guptas’ outside the Constitutional Court

Europe

Heineken increases dividend by more than expected

Heineken. Picture: BLOOMBERG/RON ANTONELLI
7 hour(s) ago

Brewer says margin expansion in 2016 is expected to be in line with its medium-term target, although it warned that emerging markets may be volatile

Mining

Kumba in rail talks amid cut in expenses

Kumba Iron Ore CEO Norman Mbazima at media round table on the group's results in Illovo, Johannesburg, on Tuesday. Picture: MARTIN RHODES
11 hour(s) ago

Producer aims to be debt-free by year-end but it faces headwinds including unexpected tax demand for R1.8bn payment

Mining

Aquarius Platinum posts high output at local mines

Picture: THINKSTOCK
11 hour(s) ago

Mining companies seek to maximise lower-cost output as commodities downturn deepens

African Business

Democratic Republic of Congo ‘will not change mining code’

SURVIVING:  People fetch water outside  a mine run by Sicomines in Kolwezi, Congo. Work is tailing off as Glencore has suspended operations at its Katanga copper mine. Picture: REUTERS/AARON ROSS
8 hour(s) ago

Mines minister tells investors that the current code will stay in place, so there is no need for them to modify their business plans

Energy

Renewable Power’s first wind farm to come online by July

Long-established oil and gas companies are under attack from renewable sources — principally wind, solar and biofuels — which are backed by governments in all the world’s leading economies, and from smaller, nimbler companies. Picture: DAVID MACGREGOR
11 hour(s) ago

Wind-power price expected to undercut new fossil fuel-generation, according to Mainstream executive

African News

East Africa will lose out in battle between Islamist militants

Ammunition used by suspected al Shabaab assailants killed during an attack is displayed outside Somalia's regional government headquarters in the central city of Baidoa.  Picture: REUTERS
2 hour(s) ago

Risk consultancy warns that competition between al-Qaeda and the Islamic State for a foothold in East Africa will fuel attacks in the region

African Business

Dangote Group struggles with ‘extremely tight’ forex situation

Aliko Dangote. Picture: REUTERS/AKINTUNDE AKINLEYE
2 hour(s) ago

Nigeria’s largest company faces constricted supply of foreign-exchange and has to rely on its international cement operations and export-credit agencies

Asia-Pacific

Japan widens North Korean sanctions after rocket launch

Picture: REUTERS
3 hour(s) ago

The restrictions ban entry of all North Korean ships to Japanese ports and add other limits to travel between the two countries

Americas

US Supreme Court votes down regulations to curb CO2 emissions

Barack Obama. Picture: AFP PHOTO / JIM WATSON
3 hour(s) ago

The court voted 5-4 along ideological lines to grant a request by 27 states, companies and business groups to block the Obama administration’s Clean Power Plan

Financial Services

Credit registration aims to muzzle loan sharks

Picture: DAILY DISPATCH
11 hour(s) ago

Tighter credit extension regime aimed at tackling over-indebtedness crippling many households in South Africa

Retail & Consumer

Sports group boosts sales 12%

Picture: REUTERS
11 hour(s) ago

Sports gear lovers boost sales at Sportsmans Warehouse while Outdoor Warehouse again under pressure

Labour

Collective bargaining test heads to court

Picture: THINKSTOCK
11 hour(s) ago

Free Market Foundation challenges constitutionality of collective bargaining system to stop ‘colluders who impose their collusion on noncolluders’

View more

Cartoons

Picture: THINKSTOCK

New ways to teach young children to code

Parents who have never written a line of code themselves are using websites, gaming apps or online puzzles to teach their children basic coding

Books

Marketing has to yield bang for bucks

Picture: THINKSTOCK
12 hour(s) ago

At the core is understanding market share: the size of the pie and its spending power, write Mark Eardley and Charlie Stewart

Management

Feminine management style a myth, study finds

As more women reach managerial positions, the approach within companies is becoming more target-focused, a new study has found. Picture: ISTOCK
11 hour(s) ago

Survey also shows significant drop in emphasis on sociable relationships within gender-mixed senior management teams

Gadgets & Gear

Smartphones are killing the digital camera stars

Picture: ISTOCK
3 hour(s) ago

A rapid shift to picture-taking smartphones has torn into the industry that now has to find ways to hit back with upmarket options and web-friendly features

Management

Big kitty in private sector for growing black firms

Citrum Khumalo. Picture: SUNDAY TIMES
11 hour(s) ago

Corporates must innovate more in aid of empowerment, writes Stephen Timm

Management

Retirement is a change of pace, not end of the road

It is important to strengthen and maintain family ties, and also to join group pursuits, to combat against a major retirement bugbear — loneliness. Picture: ISTOCK
11 hour(s) ago

Advances in medical science mean that people with access to healthcare are living longer and extending their working lives, writes Yvonne Fontyn

Management

Empathy line will check the robots’ advance

As much as 98% of pilots’ routine work is now automated, and some in the industry worry about the tasks that human pilots are asked to do only occasionally. Picture: REUTERS
11 hour(s) ago

The Future of the Professions, a book by father and son duo Richard and Daniel Susskind predicts radical change about the automated future of professions

ON FIRE: South African batsman Quinton de Kock plays a shot during the third one-day international match between England and SA at SuperSport Park in Centurion on Tuesday. Picture: AFP

Amla and De Kock come out guns blazing

Proteas dish brilliant performance that leaves England with no answer

Other Sport

Recharged Schwartzel ready for young guns

Charl Schwartzel.  Picture: GALLO IMAGES
12 hour(s) ago

Schwartzel relishing the opportunity to take on new young stars of South African golf

Rugby

Argentina Test stars loom for Stormers

Argentina's Agustin Creevy in action with Georgia's Davit Zirakashvili last year during the Rugby World Cup. Picture: REUTERS
12 hour(s) ago

Stormers coach Robbie Fleck describes Argentina’s new representatives in Super Rugby, the Jaguares, as ‘one of the favourites’ to win the title

Soccer

Chiefs mug impressive Wits

Keegan Dolly. Picture: GALLO IMAGES
12 hour(s) ago

Wits dominated the first half to an almost alarming extent, creating opportunities and pinning Chiefs on the back foot

Rugby

Bulls coach gobsmacked by Pollard injury

Handre Pollard of South Africa during the Rugby World Cup 2015 Pool B match between South Africa and Scotland at St James Park in Newcastle upon Tyne, the UK, on Saturday. Picture: GALLO IMAGES/STEVE HAAG
12 hour(s) ago

With Pollard out, the fight for the Bulls No10 jersey will be between Tian Schoeman and new signing Francois Brummer

Soccer

Title chase is a ‘piece of cake’ for Ranieri

COLOURFUL:  Leicester  manager Claudio Ranieri’s folksy wisdom has been as endearing as his unfancied team has been surprising.   Picture: REUTERS
12 hour(s) ago

It is hard to believe that just seven months ago the Italian’s arrival at the plush facility was greeted with widespread ridicule

Soccer

United shares drop as Van Gaal feels the heat

Louis van Gaal.  Picture: REUTERS
12 hour(s) ago

Manchester United manager suffers fresh blow when club’s share price dips to lowest level in more than three years

Standard Bank

JSE Sens

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