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It was an historic GDP release, with Stats SA for the first time publishing production and expenditure side data simultaneously. Reserve Bank governor Lesetja Kganyago said of the new system 'we join the community of nations' whose statistics agencies compile both sides of GDP. Picture: FREDDY MAVUNDA

Reserve Bank will consider SA’s low growth when deciding on interest rates

2 hour(s) ago

Reserve Bank governor Lesetja Kganyago says SA’s projected growth rates are ‘insufficient’ to make big inroads into worsening unemployment numbers

Markets

JSE faces watchdog probe over R134bn foreign trading error

Picture: REUTERS
34 minute(s) ago

The Financial Services Board says the error has raised concern ‘in the market and amongst fellow regulators’ and it will take ‘appropriate steps’

Politics

Marius Fransman to face disciplinary charges for tarnishing ANC’s image

RADICAL: Commentators say ANC provincial leader Marius Fransman may prove to be the DA’s ‘secret weapon’ in the elections. Picture: THE TIMES
2 hour(s) ago

The ANC integrity commission says in its report into Fransman’s conduct that sexual harassment allegations against him are ‘more likely to be true‚ than not’

National

Thulsie twins dispute police evidence ‘linking’ them to terror plot

Brandon-Lee Thulsie and Tony-Lee Thulsie pose for a photograph that they shared on Facebook.
1 hour(s) ago

They claim their arrests and detentions are unlawful as the police who took them into custody did not have warrants for their arrest

Retail & Consumer

Renewed optimism on SABMiller deal buoys AB InBev shares

Picture: BLOOMBERG/DEAN HUTTON
2 hour(s) ago

As the megabrewer merger gets back on track, the brewers’ shares have risen in Brussels, London and Johannesburg

Trade & Industry

Zimbabwe’s commerce minister ‘too busy’ to meet Rob Davies

Minister of Trade and Industry Rob Davies. Picture: DoC
2 hour(s) ago

Industry and Commerce Minister Mike Bimha gives no indication of when he will meet his South African counterpart to discuss the recent import restrictions

Economy

More people must benefit from growth, says Pravin Gordhan

Pravin Gordhan. Picture: THE TIMES
3 hour(s) ago

Globalisation has left too many people behind, the finance minister tells CEOs at the Youth Job Creation Challenge

Financial Services

Absa’s home loan impairments shoot up

Picture:  BLOOMBERG/NADINE HUTTON
4 hour(s) ago

SA’s biggest mortgage provider says nonperforming loans in its home loan division were also up, this reflected the financial stress of households

Retail & Consumer

Sweetened SABMiller offer is final, says AB InBev

SABMiller branded six packs of Castle Lite beer move along the production line at SABMiller's Newlands brewery in Cape Town on Tuesday. Picture: BLOOMBERG/HALDEN KROG
4 hour(s) ago

Announcing disappointing results, CEO Carlos Brito says the companies have made good progress on their deal — after SABMiller called a halt to integration efforts

Picture: THINKSTOCK

Ten reasons the 2016 municipal elections will be like no other

More than 63,000 candidates are competing for councillor positions, while 204 parties are contesting the elections

Columnists

Anthony Butler promo

Despite the apparent parallels, Hlaudi Motsoeneng is reportedly outraged that critics have likened him to Max Price, writes Anthony Butler

Little kings rule alike in splendid, quiet towers

Columnists

Peter Bruce promo

Peter Bruce: Monopolies have same effect on economies as cartels: they inhibit competition

Apartheid relic Eskom holds back transformation

Media

BDlive mobile app puts SA’s best business news in your pocket

2 hour(s) ago

The app delivers perceptive coverage published around the clock and written by award-winning Business Day and Financial Mail journalists

Europe

Jeff Bezos leapfrogs Warren Buffett on Forbes rich list

FRESH CHALLENGE:  Amazon CEO Jeff Bezos is no stranger to keeping prices low to gain customer loyalty, and the company’s new online grocery service in the UK will test this philosophy. Picture: REUTERS/MIKE SEGAR
2 hour(s) ago

The Berkshire Hathaway chairman lost out to the Amazon founder after making $2.86bn in charitable donations of stock

Politics

ANC worst hit in political violence ahead of municipal polls

Nathi Nhleko. Picture: GCIS/SIYABULELA DUDA
2 hour(s) ago

Police Minister Nathi Nhleko set up a task team to probe the political killings, which the ANC says has claimed 13 ANC members’ lives in KwaZulu-Natal alone

National

Kenny Kunene has naked Zille and Maimane in his bedroom

Kenny Kunene. Picture: FINANCIAL MAIL
3 hour(s) ago

The businessman explains why he bought Iven Amali's painting of naked DA leaders but not Ayanda Mabulu's paintings of Jacob Zuma

Law & Constitution

All land claims after ’98 on hold

Picture: THINKSTOCK
7 hour(s) ago

Parliament did not follow the rules, old cases must come first, Constitutional Court rules

Tina Joemat-Pettersson. Picture: TREVOR SAMSON

EXCLUSIVE | We can’t turn back on the path of IPPs

Tina Joemat-Pettersson: The imperative is to diversify our energy mix to one that includes new generation capacity including independent power producers

Politics

Parties push hard for votes in key metro of Nelson Mandela Bay Metro

DOOR TO DOOR:  DA leader Mmusi Maimane campaigning in New Brighton, Port Elizabeth, on Thursday. Picture: BEKEZELA PHAKATHI
7 hour(s) ago

The ANC and DA bring out the big guns in closely contested Nelson Mandela Bay Metro

Americas

How Hillary Clinton’s claims stack up against the facts

CHOSEN ONE: Hillary Clinton. Picture: EPA
2 hour(s) ago

In contrast to the outright lies that have littered the campaign trail of Donald Trump, Clinton’s claims mostly cleave fairly close to the truth

Asia-Pacific

Malcolm Turnbull quashes Kevin Rudd’s UN ambition

Australia's prime minister Malcolm Turnbull. Picture: BLOOMBERG/MARK GRAHAM
2 hour(s) ago

The Conservative Australian prime minister has declared the former Labor leader and premier unfit for the job and has refused to back his candidacy

Asia-Pacific

Healthcare scandal sees Baidu’s profits fall

People sitting below a Baidu logo at the Baidu headquarters in Beijing. The head of Chinese search giant Baidu has been summoned by the country's authorities, reports said on May 3, 2016, as the firm faced a barrage of criticism over the death of a student who used it to search for a cancer treatment. Picture: AFP PHOTO / GREG BAKER
2 hour(s) ago

A student suffering from a fatal form of cancer blamed the internet search company for directing him to a suspect and ultimately ineffectual treatment

Labour

Fears over dry fuel pumps as strike continues

Picture: THINKSTOCK
7 hour(s) ago

The core issues are the petrochemical sector employers want to avoid annual wage talks and contain their wage bills

Politics

Vote against ANC corruption, Malema tells rally

EFF leader Julius Malema addresses supporters in Etwatwa, near Benoni, on Wednesday. Picture:  REUTERS/SIPHIWE SIBEKO
7 hour(s) ago

EFF leader Julius Malema hammers home the message the ANC has betrayed voters

Mining

New CEO mending fences for De Beers

Bruce Cleaver. Picture: FINANCIAL MAIL
7 hour(s) ago

New CEO Bruce Cleaver says sightholders appreciate a dab hand steering the diamond company

Americas

Welcome to the end of the boom time, says Ford, sending sector into a spin

GEARING UP:  With the appropriate policies and strategies, the South African vehicle manufacturing industry could be rivalled by operations in countries such as Ethiopia, Kenya and Nigeria. Picture: SUPPLIED
4 hour(s) ago

Car makers’ shares plunged after Ford took a stance contrary to its rivals’ but in line with dealers’ view that a long period of US growth is over

National

The crucial omission that could scupper Kevin Malunga's ambition to succeed his boss, Thuli Madonsela

Kevin Malunga. Picture: PUXLEY MAKGATHO
8 hour(s) ago

In his parliamentary interview for the top post, the deputy public protector failed to disclose his axing from Wits — and then lied about lying

Labour

Commercial caterers down tools over wages

Picture: THINKSTOCK
2 hour(s) ago

They want an across the board increase of R600 per month, a minimum wage of R4‚500 per month, and a new commission structure for sales staff

Science & Environment

Kruger National Park ranger caught poaching rhino

Picture: REUTERS
32 minute(s) ago

The regional park ranger was arrested with a veterinarian technician in the Department of Agricultural and Forestry’s animal health directorate at Skukuza

Politics

‘Toilet wars’ not the hot topic it was in the 2011 elections

Residents of Khayelitsha stand at an outdoor toilet. Picture: THE TIMES
2 hour(s) ago

This may be because StatsSA data show the proportion of households with no access to any type of toilet facility has almost halved since 2011

Markets

British investors brace for more Brexit pain

Shareholders of the 318-year-old London exchange will vote on Monday on what is London’s third attempt to merge with Deutsche Boerse in 16 years. Picture: REUTERS/TOBY MELVILLE
37 minute(s) ago

UK investors have slashed equity and property holdings, according to a new survey, the first to fully reflect allocation shifts since the shock vote to leave the EU

Financial Services

Shares in Liberty dive after it reports 10% fall in EPS

Picture: THINKSTOCK
3 hour(s) ago

Life insurer says the one-off cost of a modeling change and the transfer of eligible risk policies to its new risk tax fund contributed to the decline in earnings

Economy

Huge loss of jobs sets off alarm bells

Picture: THINKSTOCK
7 hour(s) ago

SA sheds almost 500,000 jobs in first half of 2016 with no relief as economic growth forecast nears zero

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Cartoons

Coal mining and events businessman Quinton van der Burgh surrounded by the typical bevy of beauties that has earned him flak over his perceived chauvinistic playboy role in promoting his events company. Picture: YOUTUBE

No bimbocracy — it's a quintessential ‘solid business’

Quinton van der Burgh says his business has sex appeal, but he denies chauvinist charges, writes Lesley Stones

Health

UCT’s Sports Injury Clinic helps patients unable to afford rehab

Groote Schuur Hospital. Picture: WIKI COMMONS
23 hour(s) ago

Dr Jeroen Swart and Dr Caroline Dalton will provide clinical sports medicine services to the public one day a week at Groote Schuur’s orthopaedic outpatient clinic

Health

Algae may be the answer to world’s food problems

Algae has been popular in Asia for centuries and is becoming increasingly popular in the West, as it is highly nutritious. There are 145 species consumed in the world and France grows 24 species on the Brittany coast. Picture: ISTOCK
1 day(s) ago

Algae is an alternative marine nutrition solution, one that could significantly help, if not guarantee, mankind’s survival, writes JP Géné

Books

BOOK REVIEW: Outside the Lines

Multitalented Ameera Patel — Dr Chetty in the TV soap opera Generations — has turned her hand to writing fiction. Her debut novel is both thriller and family drama. Picture: SUPPLIED
7 hour(s) ago

Glitzy, gritty Joburg the setting for debut novel with diverse cast of characters, writes Sue Grant-Marshall

Management

WATCH: Six types of entrepreneurs

Picture: THINKSTOCK
22 hour(s) ago

The archetypes were created to look at entrepreneurial behaviours and how they affect the business and the individual

Health

Luxury yoga chill zones aim to ease big city stress

Yoga classes will be a major feature of the planned High Court chain of wellness clubs that will soon open at its first site in lower Manhattan, New York. Picture: BLOOMBERG
1 day(s) ago

Wellness entrepreneurs offer an alternative universe of yoga-based ‘intelligent leisure’ including health, luxury, and exclusivity, writes Deena Shanker

Ruan Ackermann replaces the injured Warren Whiteley for Saturday’s semifinal. Picture: GALLO IMAGES

Young Ackermann set to step into the breach

Flawless Ruan Ackermann has proved himself capable at lock and at the back of the scrum

Rugby

Hurricanes hope Coles will be fit for Chiefs semifinal

Dane Coles. Picture: GETTY IMAGES/HAGEN HOPKINS
8 hour(s) ago

Coach Chris Boyd is in no hurry to make a ruling on whether Hurricanes captain Dane Coles will play

Cricket

Surprise quota call for players

Picture: THINKSTOCK
8 hour(s) ago

Cricket SA says it will introduce targets for all the national teams, but does not stipulate the required racial breakdown

Soccer

Keagan Dolly off to Olympics on a high note

Keagan Dolly. Picture: BACKPAGE PIX/SAMUEL SHIVAMBU
8 hour(s) ago

Brazilians’ success in reaching the semifinals of the African Champions League a booster for the Olympic under-23 soccer captain

Soccer

Relaxed Sundowns are having a blast

FUN:  Percy Tau, left, celebrates Sundowns’s goal against Zamalek with coach Pitso Mosimane. Picture: BACKPAGE/SAMUEL SHIVAMBU
8 hour(s) ago

‘The message is all South African clubs — Orlando Pirates, Kaizer Chiefs and Wits — can go to the semifinals of African tournaments,’ says Bafana Bafana coach

Standard Bank

JSE Sens

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Type in a share code or part of a company’s name in the Company Lookup box, then select the company name from the list of results and click Go to view its tearsheet with share data, news and more.
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The Third Umpire

Who would have thought? The most sensible comment to emerge from the local election campaign trail so far has come from EFF leader Julius Malema: stop squabbling over who owns Mandela. Let him rest in peace.

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Russian President Vladimir Putin and his acolytes can cry western conspiracy until they’re blue in the face: given overwhelming evidence of state-backed doping, Russia is lucky to have escaped a complete Olympic ban.

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AB InBev CEO Carlos Brito is hardly responsible for sterling’s weakness in the wake of the UK’s Brexit vote, but the differential treatment of SABMiller shareholders in the acquisition was a risk that has come back to bite him.

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