• Sunday, April 20 2014
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Retail & Consumer

New broom at retailer Pick n Pay brushes up results

Richard Brasher. Picture: BUSINESS DAY
2 hour(s) ago

British former head of Tesco who was parachuted in last year to lead Pick n Pay’s turnaround admits that the retailer was not even in the race for space until recently

Financial Services

Net1 on the ropes over R10bn deal

Net1 UEPS chairman and CEO Serge Belamant.  Picture: ROBERT BOTHA
2 hour(s) ago

Constitutional Court delivers potentially fatal blow to Net1’s R10bn contract to handle social grant payments to about 21.6-million beneficiaries

Retail & Consumer

JSE puts the ‘uncle in the furniture business’ on the spot

Joshua Doore, part of the JD Group. Picture: SUNDAY TIMES
1 hour(s) ago

JD Group will have to explain to the JSE why it broke the exchange’s listings rules by ditching a number of independent directors

Business

HCI not rattled by latest move from SABMiller

HCI executive chairman Johnny Copelyn.  Picture: FINANCIAL MAIL
1 hour(s) ago

Executive chairman off on holiday, will attend to implications of SABMiller reviewing of Tsogo Sun options on his return

Retail & Consumer

Politics and Pattison not a perfect mix

WALKING AWAY: Grant Pattison, Massmart CEO, had to adjust to cultural differences following the Walmart merger. Picture: SIMON MATHEBULA
1 hour(s) ago

Young dealmaker embarks on a search for some new excitement, writes Chris Barron

Financial Services

Ubank stops lending to mineworkers

Ubank CEO Luthando Vutula.  Picture: SOWETAN
1 hour(s) ago

Ubank reeling from effects of 13-week strike in the platinum-mining sector

Financial Services

Sasfin baits its banking hook

Sasfin CEO Roland Sassoon. Picture: FINANCIAL MAIL
1 hour(s) ago

Sasfin Holdings CEO aims to lure more high-income clients with a new suite of products

Financial Services

Investors shrug off banks’ fines

1 hour(s) ago

Share prices of the four major banks surge after Reserve Bank fines them for not complying with money-laundering rules

Graphic: RUBY-GAY

THE BIG READ: Shattering the foreign cash myth

Foreign direct investment can be a boon or a bane — depending on how it's managed, writes Thekiso Anthony Lefifi

Columnists

Before the status quo was upended the industry prospered, allowing the operators to stuff their distribution channels with incentives, writes Duncan ...

Cell price war's first victim won't be last

Columnists

Jeremy Thomas promo

Data show that South Africa is not doing badly and that investor confidence is picking up, writes Jeremy Thomas

Big money gives SA thumbs up

Labour

Amplats, Impala up their offers to striking miners

Amcu leader Joseph Mathunjwa. Picture: SUNDAY TIMES
1 hour(s) ago

Platinum miners increase pay offer to striking workers in bid to end a strike now in record-breaking 13th week

Retail & Consumer

Lewis scores as rivals languish in the comfort zone

Lewis Group CEO Johan Enslin. Picture: FINANCIAL MAIL
1 hour(s) ago

Business model differs in that it is more conservative, decentralised and ensures close relationships between store managers and the communities they serve

Trade & Industry

Chicken imports row rages on

IN A FLAP: New anti-dumping duties could further increase the price of chicken.  Picture: GALLO IMAGES
1 hour(s) ago

Government expected to take a decision on anti-dumping duties on frozen bone-in chicken portions from certain European countries

Asia-Pacific

Bitcoin ATM skirts bank crackdown

The first bitcoin ATM in the US in the House Rayburn Building on Capitol Hill in Washington.  Picture: REUTERS
1 hour(s) ago

BTC China installs China’s first bitcoin ATM, launches an online app enabling individuals to buy and sell bitcoins using cellphones

Retail & Consumer

Steinhoff has long wanted to shift its listing

Steinhoff CEO Markus Jooste. Picture: FINANCIAL MAIL
1 hour(s) ago

Analysts say European listing was highly complex, with company having had to weigh up exchange-control requirements and tax regulations

A man displays chickens for sale at a local market in Lagos, Nigeria.  Picture: REUTERS

THE CHATTER: ‘Middle class’ faces threat of slide into the doldrums

Study shows that almost a billion people in developing world at risk of slipping out of ranks of a nascent middle class, write Shawn Donnan and John Burn-Murdoch

Europe

Ukraine separatists stay put despite diplomatic deal

Armed men are seen wearing black and orange ribbons of St George — a symbol widely associated with pro-Russian protests in Ukraine. Picture: REUTERS
1 day(s) ago

Four-way talks end with call for end to Ukraine violence while on the ground, pro-Russian gunmen holding their positions

World

Astronomers uncover Earth-like planet that could support life

This artist's concept depicts Kepler-186f, the first validated Earth-size planet to orbit a distant star in the habitable zone. Picture: AFP PHOTO/NASA/JPL-CALTECH/ T PYLE
1 day(s) ago

Distant planet appears to have an atmosphere similar to Earth, the possibility of water at its surface and the theoretical potential to support life

National

Apartheid lawsuit case not going away, says Ntsebeza

Picture: THINKSTOCK
2 day(s) ago

New York district court rules that US corporates Ford and IBM could be held liable for collaborating with SA’s former apartheid regime

Industrials

First black-owned steel mill in SA Agni Steel starts production

Picture: REUTERS
2 day(s) ago

The Indian-backed venture is to initially produce 100,000 tonnes of steel billet annually at its state-of-the-art R400m state-of-the-art premises

National

Former youth development agency head in court over R2.5m R Kelly scandal

Andile Lungisa. Picture: SOWETAN
2 day(s) ago

Andile Lungisa is accused of defrauding the Department of Arts and Culture after allegedly lying about securing US singer for cultural day organised by department

National

SME department ‘very likely’, says Mbete

African National Congress national chairwoman Baleka Mbete.  Picture: TREVOR SAMSON
2 day(s) ago

African National Congress national chairwoman Baleka Mbete says department focused on small, medium-sized business will be able to address ‘specific challenges’

Financial Services

Stanlib eyes a bigger share of Africa spoils

Stanlib CEO Seelan Gobalsamy.
3 minute(s) ago

Next step is to build Stanlib into the "asset manager of choice in Africa", says new chief executive Seelan Gobalsamy

Business

Branson snaps up Mont Rochelle

MOUNTAIN SPLENDOUR: Located atop a hill in the Klein Dassenberg range, Mont Rochelle is a favourite destination for the fabulously wealthy.   Picture: KATY CHANCE
1 hour(s) ago

Flamboyant British billionaire’s luxury hospitality property portfolio agrees to buy Franschhoek wine farm for undisclosed amount

African News

Algeria’s Bouteflika wins re-election with 81.5%

Algerian President Abdelaziz Bouteflika in March 2009. Picture: REUTERS
1 day(s) ago

Algerian President Abdelaziz Bouteflika, the aging independence veteran already in power for 15 years, wins re-election after opponents dismiss vote as stage-managed fraud

African News

Zimbawe’s Mugabe slams Europe’s ‘homosexual nonsense’

Zimbabwean President Robert Mugabe. Picture: REUTERS
1 day(s) ago

Zimbabwe’s strong man ruler Robert Mugabe lashes out at Europe’s ‘homosexual nonsense’ and condemns refusal of its leaders to accept his grip on power

Mining

Coal reserves study gives lie to Eskom supply scare

Picture: THINKSTOCK
3 day(s) ago

Review shows resources adequate to allay ‘strategic mineral’ fears

National

No legal challenge to Nkandla report, says Mbete

Baleka Mbete. Picture: BUSINESS DAY
2 day(s) ago

However, Public Protector Thuli Madonsela’s findings amount to ‘interference in a man’s kraal according to African tradition’, ANC national chairwoman says

View more

Cartoons

April 17 2014

MONEY TO BURN: Jay-Z destroys a Maybach in the music video ‘Otis’, which also features Kanye West.  Picture: YOUTUBE

Maybach making a comeback

Maybach to be showcased at the auto shows in Guangzhou and Los Angeles in November

Arts & Entertainment

The soundtrack to the struggle

The Soweto Gospel Choir. Picture: JOBURG THEATRE
3 day(s) ago

A stellar line-up of music greats gathers for SA’s 20th anniversary of democracy, writes Christina Kennedy

Americas

Nobel winner Garcia Marquez dies at 87

Colombian Nobel Prize laureate Gabriel Garcia Marquez. Picture: REUTERS
2 day(s) ago

Gabriel Garcia Marquez, the Colombian author whose beguiling stories of love and longing brought Latin America to life for millions of readers, has died

Arts & Entertainment

Township art for Mount Nelson

Detail of a work by artist Boyce Magandela. Picture: NKANYEZI GALLERY
3 day(s) ago

The Maboneng Township Arts Experience has evolved into a fully fledged cultural initiative experienced nationwide, writes Penny Haw

Arts & Entertainment

Story of Mandela’s red Merc is more complex than you think

The Goethe Institut’s exhibition throws light on an inspiring venture that had no happy ending. Picture: MASIMBA SASA
3 day(s) ago

Chris Thurman on a new exhibition and documentary at the Goethe Institut in Johannesburg

Picture: THINKSTOCK

Trouble-hit IPL limps onwards

Organisers are hoping for high-quality cricket to mask stink of corruption

Opinion

Mayambela’s transformation confounds sceptics in SA

Cynical snickers almost inevitable after it became public knowledge that SA football reject Mark Mayambela was desperately trying to facilitate a move to Sweden

 
All Share 48362.220.00% same
Top 40 43446.520.00% same
Financial 15 13650.320.00% same
Industrial 25 54866.520.00% same
Resource 10 56852.550.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
FTSE 100 6625.250.00% same
Dow Jones 16408.540.00% same
All Share 48362.220.00% same
ASX 5444.800.00% same
S&P 500 1864.8500.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
USD/ZAR 10.48950.00% same
GBP/ZAR 17.59970.00% same
EUR/ZAR 14.48180.00% same
JPY/ZAR 0.10240.00% same
AUD/ZAR 9.78190.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge
 
Gold 1294.90000.00% same
Platinum 1407.50000.00% same
Silver 19.57000.00% same
Palladium 794.00000.00% same
Brent Crude Oil 109.5300.00% same
All data is delayed by 15 min.
Data supplied by I-Net Bridge

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The Third Umpire

Parliamentary secretary Michael Coetzee. The “I was just following orders” excuse is just not good enough. State officials have a duty to follow proper procurement procedures or accept being held to account.

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Pick n Pay CEO Richard Brasher, whose experience at the UK’s Tesco seems to be paying off in the form of improved profits. But is he overreaching by opening so many new stores when consumers are under pressure?

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Deputy Economic Development Minister Hlengiwe Mkhize. If you have to scrape the barrel to find reasons to justify your existence, it’s a pretty good sign that the portfolio is redundant and should be scrapped.

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  • All Share : 48362.22
    Change: 0.00%
    Top 40 : 43446.52
    Change: 0.00%
    Financial 15 : 13650.32
    Change: 0.00%
    Industrial 25 : 54866.52
    Change: 0.00%
    Resource 10 : 56852.55
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • FTSE 100 : 6625.25
    Change: 0.00%
    Dow Jones : 16408.54
    Change: 0.00%
    Hang Seng : 22760.24
    Change: 0.00%
    ASX : 5444.80
    Change: 0.00%
    S&P 500 : 1864.850
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • ZAR/USD : 10.4895
    Change: 0.00%
    ZAR/GBP : 17.5997
    Change: 0.00%
    ZAR/EUR : 14.4818
    Change: 0.00%
    ZAR/JPY : 0.1024
    Change: 0.00%
    ZAR/AUD : 9.7819
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
  • Gold : 1294.9000
    Change: 0.00%
    Platinum : 1407.5000
    Change: 0.00%
    Silver : 19.5700
    Change: 0.00%
    Palladium : 794.0000
    Change: 0.00%
    Brent Crude Oil : 109.530
    Change: 0.00%
    All data is delayed by 15 min
    Data supplied by I-Net Bridge
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