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Oakbay Investments CEO Nazeem Howa. Picture: BLOOMBERG/WALDO SWIEGERS

EXCLUSIVE: Oakbay ‘conspiracy theory’ claims SA’s banks are controlled by Ruperts

12 hour(s) ago

Document by Gupta family firm says ‘real state capture’ has not been executed by the Guptas, and that Project Spider Web has ‘been right all along’

National

Phiyega hearing adjourned after two witnesses testify

Riah Phiyega. Picture: PUXLEY MAKGATHO
8 hour(s) ago

Police tell the inquiry Phiyega was at a meeting about the dispersal and disarming of miners, and changed a media statement to reflect one scene rather than two

Markets

MARKET WRAP: JSE closes weaker on disappointing US jobs data

Picture: THINKSTOCK
8 hour(s) ago

The US data fell far short of expectations, lessening the possibility of a rates hike until September, and indicating less robust global growth than previously thought

Labour

Nehawu warns of strike by employees at Parliament over performance ratings

Parliament workers occupy the public gallery of the National Assembly in Cape Town on Tuesday. Picture: TREVOR SAMSON
9 hour(s) ago

But Secretary to Parliament Gengezi Mgidlana says Parliament does not intend to change a December agreement on payment of bonuses

Transport & Tourism

SAA will never be sold, Zuma says

President Jacob Zuma speaks during a monitoring visit to South African Airways on Friday.  Picture: GCIS
10 hour(s) ago

President Jacob Zuma says the airline, which has received a number of billion-rand bailouts over the years, will never be sold

Labour

Communication Workers Union suspends Post Office strike

A looming  strike  could undermine the Post Office’s attempt to nail down the funding required for its turnaround plan.   Picture: THE TIMES
10 hour(s) ago

The Post Office says the strike was supported only by about 400 workers around the country, less than 2% of the company’s 22,000 workers

Americas

Disappointing US jobs data point to lower chance of rising interest rate

A woman walks to enter a line for the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York.  Picture: REUTERS
9 hour(s) ago

US nonfarm jobs increased by 160,000 in April as construction employment barely rose and the retail sector shed jobs

Economy

IMF says government must be careful as some policies may hamper growth

Picture: SUPPLIED
11 hour(s) ago

Lender says policies to maintain debt sustainability are essential to preserve investor confidence, but need to be carefully calibrated to avoid pressuring economy

Energy

Zuma tells Eskom he will announce that there is ‘no more load shedding’

Picture: SUNDAY TIMES
11 hour(s) ago

President visits power utility, and plans to visit SAA too, to make good on his promise that the government will support state-owned enterprises

Woman works on dragon decoration in China. Our perception of China in Africa is skewed, based on fear that China will become the new imperialist power on the continent, says the writer. Picture: REUTERS/SEAN YONG

China’s embrace of harmony makes it a good African fit

The West wants to be in the driver’s seat, while the East allows things to develop, writes George Rautenbach

Columnists

Peter Bruce promo

Peter Bruce: Where digital seemed to promise a brave new world, it is behaving just like the old world, only faster

Value of journalism transcends digital numbers

Columnists

Chris Thurman: James Cairns’ show offers a funny critique and poignant unravelling of four white English South African male ‘types’

It’s time for white males to enjoy the passenger seat

Sport

Saru’s chance of bidding for event depends on how it transforms, Mbalula says

Fikile Mbalula.  Picture: SOWETAN
10 hour(s) ago

Sport Minister Fikile Mbalula says the penalty he imposed on the errant federations is the slightest of four options he has at his disposal

African Business

Coffee conflict is brewing in Ethiopia

Coffee farmers often live a precarious existence. Picture: REUTERS
11 hour(s) ago

East African country wants to export more to get hard dollars to build infrastructure, but coffee-loving Ethiopians want to enjoy the beans at home

Europe

BNP’s French job cuts in its investment bank to affect IT and operations staff

French bank BNP Paribas. Picture: AFP PHOTO/PASCAL GUYOT
12 hour(s) ago

BNP Paribas announced in April a voluntary redundancy plan that calls for up to 675 job cuts at its corporate and institutional bank in France

Economy

Business confidence index improves for fourth consecutive month

Picture: THINKSTOCK
14 hour(s) ago

However, South African Chamber of Commerce and Industry is concerned that subdued global and local growth is weighing heavily on business confidence

Europe

Glencore said to be in talks to sell further stake in agriculture unit

Picture: REUTERS
11 hour(s) ago

Sources say bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar’s sovereign wealth fund

Picture: SUPPLIED

Business must clean out its own stables

The business community must lobby for legislation to force transparency and shun those among us who involved in corruption, writes Sipho M Pityana

Europe

ArcelorMittal slightly more positive about steel market

Picture: REUTERS/DADO RUVIC
14 hour(s) ago

Steel producer says it expects global apparent steel consumption, which includes changes to inventories, to be barely changed this year compared with last

Transport & Tourism

No surprise e-toll discount deadline extended, says Outa

LONG ROAD:  The Organisation Undoing Tax Abuse (Outa) claims Sanral paid up to R11bn extra for the construction of the Gauteng Freeway Improvement Project, but Sanral says Outa has got its sums wrong. Picture: FINANCIAL MAIL
14 hour(s) ago

Organisation Undoing Tax Abuse says summonsing of a few handpicked defaulters appears to have failed, as the period for a 60% 3discount on e-toll debt is extended

Americas

Bumper US wheat forecast sparks biggest weekly loss in six months

Picture: THINKSTOCK
12 hour(s) ago

Maize poised to lose 4% over the week, while soybeans were on track to fall after traders cash in on a recent rally linked to investment fund flows

Asia-Pacific

Australia’s central bank deputy to take
the helm

Philip Lowe.   Picture: BLOOMBERG/SERGIO DIONISIO
14 hour(s) ago

Philip Lowe’s ascension was widely expected, and he is seen as a safe paid of hands as the Australian economy weathers the end of a mining investment boom

Americas

Push for a higher US minimum wage causes tension among colleagues

Picture: REUTERS
13 hour(s) ago

Some staff are unhappy that less experienced co-workers now earn the same wages they spent months or years striving to achieve

Americas

SpaceX successfully lands rocket on floating sea platform

A handout picture made available by SpaceX shows a SpaceX Falcon 9 rocket lifting off from Space Launch Complex 40 at Cape Canaveral Air Force Station, Florida on Friday. The rocket, carrying commercial communications satellite JCSAT-14, successfully landed on the floating 'Of Course I Still Love You' droneship in the Atlantic Ocean following its launch in space. It's SpaceX's third time it has recovered the vehicle post-launch, and the second time its rocket landed on the droneship at sea.  EPA/SPACEX
14 hour(s) ago

The company wants to re-use rocket parts instead of jettisoning the costly equipment into the ocean after each satellite launch

National

Debit order facilities to be removed from social grant cards

Social grants. Picture: GARY HORLOR
15 hour(s) ago

Existing debit orders will be terminated. Revised regulations are also planned to clarify what deductions from social grants are legally permissible

Media

Journalists focus on scandalising ANC government, says minister

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

Communications Minister Faith Muthambi says racist tendencies may play a role in ‘the unrelenting attempts aimed at stigmatising a black’ ANC-led government

Sport

Mbalula remains firm about penalties on sports federations

Fikile Mbalula. Picture: SOWETAN
14 hour(s) ago

Sport Minister Fikile Mbalula says he will impose the punishment on athletics, cricket, netball and rugby as they have failed to meet their own set targets

Americas

Top elected US Republican ‘not ready’ to endorse Trump

READY TO LEAD: US congressman and Republican vice-presidential candidate Paul Ryan gestures at the podium  ahead of his address to the Republican National Convention in Tampa, Florida, on Wednesday. Picture: REUTERS
13 hour(s) ago

Many Republicans are worried about supporting Donald Trump, who has deviated from the party line on trade and made offensive comments about women and immigrants

Markets

Zinc’s slow-fuse supply story starts to catch fire

Picture: ISTOCK
10 hour(s) ago

But tightness in raw materials make take time to reach refined metals and will depend on global stocks and Glencore, writes Andy Home

Education

Motshekga delays ‘jobs for cash’ report again

Basic Education Minister Angie Motshekga. Picture: GCIS
14 hour(s) ago

Basic Education Minister Angie Motshekga says unions asked for more time to respond to the report, while the DA says the delay shows Sadtu is calling the shots

Europe

Merkel urges protection of EU borders to avoid ‘return to nationalism’

Angela Merkel. Picture: AFP PHOTO/EMMANUEL DUNAND
13 hour(s) ago

German Chancellor Angela Merkel says ramped-up border controls in response to the migrant crisis is raising questions over whether the Schengen zone can survive

Mining

AngloGold asks global arbitrator to intervene in Ghanaian dispute

Mining. Picture: SUPPLIED
15 hour(s) ago

AngloGold Ashanti says it cannot meet its obligations because the government has failed to keep the area safe for its employees

View more

Cartoons

Picture: ISTOCK

South Africans popping more bubbly corks

SA’s growing middle class is interested not just in local sparkling wine or MCC, but is increasingly trying out international brands of champagne

Arts & Entertainment

Contemporary African art still in favour

Nigerian curator Okwui Enwezor has made the West aware that African art is worth exploring. Picture: THE TIMES
21 hour(s) ago

Although it remains niche, thanks to the internet there is greater international demand for the continent’s work, writes Sue Blaine

Arts & Entertainment

Klein Karoo art festival highlights come to Joburg

Painting are put on display at the Klein Karoo Nasionale Kunstefees in this 2004 file photo.  Picture: SUNDAY TIMES
9 hour(s) ago

Empty Spaces is an overview of the artworks exhibited at the Oudtshoorn festival and opens at the Absa Gallery on Monday

Opinion

LIQUID INVESTMENTS: Single-origin or in-sourced, the proof is in the tasting

It is one of those conundrums about wine: does the site-specific, terroir-driven example trump the bottle where the wine maker has an infinite choice of fruit sources?

Fikile Mbalula. Picture: SOWETAN

Mbalula remains firm about penalties on sports federations

Sport Minister Fikile Mbalula says he will impose the punishment on athletics, cricket, netball and rugby as they have failed to meet their own set targets

Other Sport

Snaith back at Greyville after ill-fated 2015 race

Picture: THINKSTOCK
21 hour(s) ago

Racing connoisseurs would love to see Tarry’s top horse, Legal Eagle, clash with Legislate, but it seems unlikely

Other Sport

Hot Verstappen takes over from ‘madman’ Kvyat

Max Verstappen. Picture: REUTERS
21 hour(s) ago

Red Bull replaced Daniil Kvyat with Dutch Formula One hotshot Max Verstappen for the remainder of the season

Soccer

Leicester can party, the rest need to work

Leicester City captain Wes Morgan, middle, celebrates his  winning goal. Picture: AFP
21 hour(s) ago

Everton’s players are likely to form a guard of honour before the match

Soccer

PSL coaches praise Mosimane after league title victory

Roger de Sa. Picture:  GALLO IMAGES/ GRANT PITCHER
21 hour(s) ago

Roger de Sa reiterated that Sundowns were worthy champions

Soccer

Sono slams relegation rival for pursuing points off the field

PEEVED: Jomo Sono says his team works hard for their points. GALLO IMAGES
21 hour(s) ago

Cosmos are four points clear of University of Pretoria in the relegation play-off position

Soccer

Bale becoming a real Madrileño

Real Madrid's Welsh forward Gareth Bale celebrates a goal during the UEFA Champions League semi-final second leg football match Real Madrid CF vs Manchester City FC at the Santiago Bernabeu stadium in Madrid, on May 4, 2016. Picture: AFP PHOTO / PAUL ELLIS
21 hour(s) ago

Bale was denied his first Champions League goal of the season, as Uefa credited the only goal of the tie to the unlucky Fernando

Standard Bank

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