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A worker at state-owned Pertamina, the country's main retailer of subsidised fuel, fills a vehicle at a petrol station in Jakarta. Picture: REUTERS

Fuel fund defends selling of reserves

41 minute(s) ago

But it does not admit buyback will be at a much higher price — the Strategic Fuel Fund faces a loss of $220m at current oil prices

Financial Services

Standard Bank chiefs grilled about Guptas

Standard Bank joint CEO Sim Tshabalala. Picture: MARTIN RHODES
35 minute(s) ago

Shareholders at the bank’s lively AGM zero in on contradictions involving the Guptas, executive pay, fines, and losses


Treasury under fire from Cosatu for ‘pacifying’ foreigners

Cosatu president Sdumo Dlamini  Picture: THE SOWETAN
35 minute(s) ago

The latest grievances from the federation centres on the lack of progress on a national minimum wage


Ratings agency may opt to delay downgrade

Standard and Poors. Picture: REUTERS
32 minute(s) ago

Standard & Poor’s may opt for a ‘hawkish hold’ to give SA time for fiscal consolidation to show outcomes, if any


NEWS ANALYSIS: NEC meeting is opportunity for ANC to show leadership

President Jacob Zuma. Picture: GCIS
30 minute(s) ago

There’s a high likelihood reports on state capture and the Constitutional Court judgment on Nkandla will be discussed, writes Natasha Marrian


Producer prices slightly down but effect of drought still to kick in

33 minute(s) ago

Producer price inflation slows slightly but the manufactured food and petroleum categories continue to drive the data

Trade & Industry

EU deal allows easier access for SA products

CELEBRATION:  The long-awaited EU agreement with six African countries includes an increase in the quota for duty-free wine exports. Picture: CIRCA
33 minute(s) ago

Trade pact allowing a range of South African products greater access to the giant European Union market is likely to go live in October

Transport & Tourism

Uber to favour ownership qualifiers

A taxi passes by an advertisement for the Uber car and ride-sharing service.  Picture: REUTERS
29 minute(s) ago

Ride-hailing service Uber is to give preference to individuals acting as proxy drivers who now own their own car


JSE rallies to 2016 high as platinums close higher

12 hour(s) ago

JSE closes at its best level this year as higher commodity prices boost mining stocks in global risk-on environment


Parliament approves land expropriation bill

10 hour(s) ago

Legislation will allow state to pay for land and seize it, ending willing-buyer, willing-seller approach to reform

Tina Joemat-Pettersson. Picture: TREVOR SAMSON

EDITORIAL: An odorous oil reserves deal

Energy minister is unapologetic about cost and faces no censure on the unchecked sale of state assets


Hlaudi Motsoeneng’s idiocy and tyrannical impulse goes on full display, writes Gareth van Onselen

TWEET OF THE WEEK: The madness of King Motsoeneng


Peter Bruce promo

The nuclear build is already deeply tainted, and will be obsolete technology by the time SA has paid off the R1-trillion, writes Peter Bruce

Trillion-rand nuclear build scares more than crows

African Business

NEWS ANALYSIS: Inga 3 funding prospects in disarray

Inga Dam.
26 minute(s) ago

Brittle relationship between the DRC government and World Bank on funding for the Inga 3 hydro-electric scheme seems to have snapped, writes Tom Nevin


Spending on research and development remains stagnant

32 minute(s) ago

Survey shows stagnant R&D spending reflects difficult economic climate, while the business sector surprises with an uptick


Mpact raided in collusion inquiry

33 minute(s) ago

Mpact holds up its good corporate governance record after Competition Commission officials raid its premises

Retail & Consumer

Fabulous growth in Foschini turnover

29 minute(s) ago

Foschini Group grows turnover by double digits as cash-rich shoppers help the diversified retailer overcome tough conditions at home

Transport & Tourism

Gautrain’s 48 new coaches to ease rush-hour squeeze

Ismail Vadi. Picture: PUXLEY MAKGOTHO
29 minute(s) ago

The Gautrain has already reached passenger levels predicted for 2020 on rising peak-hour demand


‘Let me do my job’ implores Gordhan

Pravin Gordhan. Picture: TREVOR SAMSON
15 hour(s) ago

Finance Minister Pravin Gordhan, in an exclusive interview with the Financial Mail, comes out guns blazing, in defiance of those who wish to see his back

Republican presidential candidate Donald Trump addresses a rally in Bismarck, North Dakota, on Thursday. Picuture: AFP PHOTO/SPENSER PLATTE

Trump doesn’t grasp why US succeeds

Donald Trump misses a crucial point: the US has powerful allies not only because it is too, but also because of its enduring commitments — including trade relations, writes Martin Wolf


Obama lays into tweet lover Trump

PROTEST BLUES: A demonstrator hides part of her face as she protests near the convention centre where US Republican presidential candidate Donald Trump held a rally in Anaheim, California on Wednesday. Picture: REUTERS
27 minute(s) ago

US president disparages US Republican presidential candidate Donald Trump, saying the billionaire seeks tweets over solutions


Republican’s only candidate nets all the delegates needed

Republican US presidential candidate Donald Trump signs autographs after a rally with supporters in Albuquerque, New Mexico on Tuesday. Picture: REUTERS
27 minute(s) ago

Donald Trump has reached the number of delegates needed to secure the Republican Party’s presidential nomination


Telecom Italia dangles big carrot for CEO

Flavio Cattaneo. Picture: BLOOMBERG
25 minute(s) ago

Shareholders approve bonus of €40m for CEO, Flavio Cattaneo, which he’ll receive if successful in turnaround for Italy’s biggest phone company


Outed billionaire to fund legal battle

Peter Thiel.  Picture: REUTERS
27 minute(s) ago

Silicon Valley billionaire Peter Thiel confirmed he is funding a legal battle against Gawker Media, which ‘outed’ him nearly a decade ago


Anger at pro-EU skinhead ad

Picture: REUTERS
27 minute(s) ago

Poster designed to encourage ethnic minorities in the UK to vote in June’s European Union membership referendum sparks fierce criticism


French labour protests hit fuel supplies

FIERY:  Trade unionists block the entrance of the Nogent Nuclear Power Plant to protest against new labour laws. Picture: EPA/CHRISTOPHE PETIT TESSON
21 minute(s) ago

France’s hardline CGT union members blockade nuclear plants and fuel delivery depots over contested labour law reform


China dismisses G-7’s ‘strong message’ on maritime claims

From the left, Italian Prime Minister Matteo Renzi, Japanese Prime Minister Shinzo Abe, German Chancellor Angela Merkel, US President Barack Obama, French President Francois Hollande, European Council president Donald Tusk, European Commission president Jean-Claude Juncker , Canadian Prime Minister Justin Trudeau and British Prime Minister David Cameron leave after the first day of talks at  the Group of Seven summit in Japan on Thursday. Picture: AFP PHOTO
6 hour(s) ago

China’s increased aggression in South China Sea claims, North Korea ‘hell bent’ on nuclear weapons, and strained emerging economies top Group of Seven agenda


Without flushing toilets and land ownership, ‘people will never be free’

EFF leader Julius Malema addresses a crowd of about 5, 000 people gathered in Emalahleni on May 26 2016. Picture: SAM MKOKELI
13 hour(s) ago

Under watch of President Jacob Zuma, jobs have been lost, economy has declined and many still live in shacks, says EFF leader


S’bu Ndebele still SA’s high commissioner to Australia, department says

Correctional services minister S'bu Ndebele briefs portfolio committee on Tuesday. 
PICTURE: Trevor Samson/ Business Day
14 hour(s) ago

S’bu Ndebele‚ SA High Commissioner to Australia, appeared in court in Durban in December on charge of corruption related to awarding of eNaTIS contract


NEWS ANALYSIS: Car makers rush to do deals with ride-hail drivers

DRIVEN:  A logo on the windscreen identifies a US member of Uber.  Picture: REUTERS/ROBERT GALBRAITH
21 minute(s) ago

Car makers now recognise they may turn ride-hailing services and car-sharing companies into steady customers for all sorts of vehicles, write Joseph White and Paul Lienert

Retail & Consumer

CPI rise hits Massmart sales

A Game store, operated by Massmart, in Rosebank, Johannesburg. Picture: SUNDAY TIMES
25 minute(s) ago

Massmart CEO Guy Hayward expects SA’s drought-driven food price inflation to accelerate further before it starts to slow towards the end of 2016

Retail & Consumer

Famous Brands to buy Lamberts Bay

Kevin Hedderwick. Picture: FINANCIAL MAIL
25 minute(s) ago

Value of deal fell below JSE’s threshold for "categorised transaction", will be settled in cash, according to both companies


Vukile expects rerating on assets growth

24 minute(s) ago

‘We believe Vukile owns a very high quality portfolio of retail assets, and that this is set to improve even further. We feel that we will then be rerated and trade at a better yield,’ says CEO


Takata in bail-out talks after safety recall

A technician holds a recalled Takata air bag inflator. Picture: REUTERS
21 minute(s) ago

Takata enters bailout talks with potential investors include private equity firm KKR after recall over air bag malfunction cripples company


Digital ads a clue to AT&T’s Yahoo bid

INTO THE FRAY: US wireless service provider AT&T has emerged as a bidder for Yahoo assets, pitting it against Verizon Communications. Picture: REUTERS/SHANNON STAPLETON
21 minute(s) ago

AT&T emerges alongside Verizon and several other bidders interested in Yahoo with an eye on its advertising technology

Telecoms & Technology

Funder in Makate’s ‘please call me’ case asks Vodacom to delay payment

Nkosana  Makate at the Constitutional Court in Braamfontein, Johannesburg. Picture: FREDDY MAVUNDA
15 hour(s) ago

Sterling Rand, who found backers for Kenneth Makate’s case, has told Vodacom to withhold at least 50% of any settlement, in case Sterling is excluded from the deal


SABC criticised for spending millions on choir

Hlaudi Motsoeneng. Picture: FREDDY MAVUNDA
15 hour(s) ago

DA calls for disbandment of SABC choir that it says sings songs of praise to corporation’s chief operating officer, while Muthambi disputes claim

African News

Lesotho migrants illegally in SA offered amnesty

A general view of buildings is seen in Lesotho's capital Maseru. Picture: REUTERS
16 hour(s) ago

Radebe says that Basotho living, working or studying in SA using fraudulent documents can take advantage of an amnesty to regularise their stay

View more


Bushmans Kloof Wilderness Reserve is situated at the foot of the Cederberg mountains in the Western Cape. Picture: SUPPLIED

Award yourself wilderness splendour

The award-winning Bushmans Kloof resort is renown for its conservation efforts and offers the perfect escape in a calming and spiritual place, writes Eugene Yiga


LIQUID INVESTMENTS: Number of well-maturing Cape reds have made consumers blasé

Expectations play a role in wine appreciation, but what if you don’t know what to expect?


AUTHOR INTERVIEW: One man’s quest to track down his family’s stolen art

Author and journalist Charles Cilliers. Picture: FREDDY MAVUNDA
1 hour(s) ago

Degas’ Dust is the story of businessman Carnie Matisonn’s successful bid to track down artworks stolen by the Nazis, and how the universe conspired to help him, writes Sue Blaine


BOOK REVIEW: The End Of Whiteness: Satanism and Family Murder In SA

Academic and author Nicky Falkof examines a period in SA’s history when white fear manifested itself in Satanism. Picture: SUPPLIED
1 hour(s) ago

How white fear and panic fuelled murderous folk devils, writes Sue Grant-Marshall


HALF ART: Tread carefully along the road of good intentions

Nudist photograher Spencer Tunick brings a knife to a gunfight trying to show up Donald Trump


Coetzee’s chance to buck the trend

Springbok coach Allister Coetzee will need to be bold, even brave, in his first squad to face Ireland

Other Sport

Ferrari not feeling pressure, says Vettel

Ferrari's German driver Sebastian Vettel drives during the a practice session at the Monaco street circuit, in Monaco on Thursday. Picture: AFP PHOTO/ANDREJ ISAKOVIC
1 hour(s) ago

Bold words from four-time world champion Sebastian Vettel after rolling in ninth at Monaco street circuit practice session


Ibrahamovic praises Mourinho and says he made his choice

Zlatan Ibrahimovic. Picture: EPA/MARCUS ERICSSON
1 hour(s) ago

Coy about his next club Swedish striker Zlatan Ibrahimovic has been linked to a move to the English Premier League.


Bulls and Lions players seek Bok nod

SQUAD HOPES:  Bongi Mbonambi’s fine form for the Stormers could see him called up for Springbok duty. Picture: GALLO IMAGES/ASHLEY VLOTMAN
1 hour(s) ago

Huge match-ups will double as a last-minute trial to impress Bok coach Allister Coetzee before he announces the Test squad against Ireland


Tinkler banking on Cup win to keep job

RIVALS: Kaitano Tembo, left, and Eric Tinkler shake on it ahead of the Cup final. Picture: LEFTY SHIVAMBU/GALLO IMAGES
1 hour(s) ago

Coach Eric Tinkler will draw on valuable lessons from his past in knockout competitions as he goes into the Nedbank Cup final

Other Sport

Milestones for Nadal and Djokovic in Paris

Novak Djokovic. Picture: EPA/CHEMA MOYA
1 hour(s) ago

World No1 Novak Djokovic claims his 50th win while nine-time champion Rafael Nadal becomes just the eighth man to rack up 200 Grand Slam match wins

Other Sport

Groundbreaker Moshiywa believes he can do it again

HARDWORKING: Newly crowned Comrades Marathon champion Claude Moshiywa says South Africans will need to work hard to keep winning. Picture: GALLO IMAGES
1 hour(s) ago

Claude Moshiywa may not be seen as favourite ahead of Sunday’s Comrades race but he feels that he should not be discounted

Standard Bank

JSE Sens

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The Third Umpire

Ousted KwaZulu-Natal premier Senzo Mchunu, who was forced by the ANC to step down. The manoeuvring has begun in anticipation of the party’s elective conference, at which a new presidential candidate will be chosen.

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Record investment in the local motor industry indicates that Trade and Industry Minister Rob Davies’s incentive programme is working. Let’s not blow it by imposing onerous BEE requirements that kill competitiveness

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Mozambican Finance Minister Adriano Afonso Maleiane. The country is set to default on its foreign debt after owning up to undisclosed borrowing that resulted in its credit rating being cut and the metical collapsing.

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