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Markets

JSE closes at best level for 2016, as rand firms against dollar

JSE.  Picture: MICHAEL BRATT
6 hour(s) ago

JSE closes at best 2016 level, boosted by higher commodity prices, while rand firms as dollar rally fades ahead of speech by Federal Reserve chair Janet Yellen

Transport & Tourism

Meter taxi drivers question if Uber’s operations are legal

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

The Western Cape Meter Taxi council says the industry is concerned at not being able to compete against Uber as there are too many permits granted to Uber drivers

National

Parliament approves land expropriation bill

Picture: THINKSTOCK
4 hour(s) ago

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

Asia-Pacific

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
40 minute(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

Land & Agriculture

Wheat prices hit record high on news of huge rise in import duty

Combine harvesters work in a wheat field. Picture: REUTERS/ILYA NAYMUSHIN
7 hour(s) ago

The tariff has climbed more than sevenfold since October 2014, driven by the drop in international wheat prices and by weakness in the rand

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
9 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

Companies

Controversial report on Auction Alliance out in Business Day

WHAT’S YOUR OFFER: Auction Alliance founder and former CEO Rael Levitt Picture:MARTIN RHODES
12 hour(s) ago

Business Day is publishing the report on Auction Alliance for a number of reasons, but does not warrant the report’s accuracy and has found it wanting in some minor ways

Retail & Consumer

The Foschini Group posts impressive increase in full-year profit

Picture: FOSCHINI
7 hour(s) ago

Despite higher interest rates and sluggish consumer demand plaguing the retail sector, TFG grew turnover more than 30% in its financial year

National

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
7 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

Finance Minister Pravin Gordhan arrives to deliver his 2016 budget address at Parliament in Cape Town. Picture:  REUTERS/MIKE HUTCHINGS

Why it’s appropriate that South Africans rally behind Gordhan

SA still teeters on edge of possible downgrade and commentators highlighting this danger do so in interest of averting such a danger, writes Jannie Rossouw

Columnists

Lindiwe Mazibuko: Without reform, political elites will continue to amass power and influence

Why an inward-looking ruling party is so knotty

Columnists

Allister Sparks masthead

Allister Sparks: Don’t imagine you would be better off leaving SA, the world is undergoing political lunacy

A scary right-wing wave is sweeping a fractured world

Mining

Pan African Resources to increase its stake in Shanduka Gold

Picture: SUPPLIED
6 hour(s) ago

Dual-listed Pan African Resources to make offer to Jadeite to purchase about 33.6% more of Shanduka Gold to help company retain its black empowerment partner

Labour

Cosatu frustrated over other Nedlac constituents’ stance on minimum wage

PROTEST:  Labour representatives say union federations are considering taking to the streets to re-ignite deadlocked discussions on a national minimum wage. Picture: SOWETAN
8 hour(s) ago

Trade federation Cosatu to consult with members after series of bilateral meetings aimed at resolving impasse over implementation of national minimum wage

Media

SABC criticised for spending millions on choir

Hlaudi Motsoeneng. Picture: FREDDY MAVUNDA
9 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

Americas

US economy gains steam but capital investment lags

Picture: ISTOCK
44 minute(s) ago

Durable goods orders increase 3.4% in April while core capital goods orders fall 0.8% for the third month in a row

National

‘Let me do my job’ implores Gordhan

Pravin Gordhan. Picture: TREVOR SAMSON
9 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

Industrials

Mpact’s share price falls 5% after Competition Commission raid

BEST PRACTICE: Competition Commission head Tembinkosi Bonakele says that regulation can be used by the state to tackle excessive pricing. Picture: PETER MOGAKI
9 hour(s) ago

Commission press release confirms raid on premises of both MPact and New Era Packaging as part of investigation into allegations of collusion

Picture: REUTERS

Privacy risk keeping some people off Facebook

Important that social network site developers and marketers specifically plan for and design websites to address privacy concerns, doctoral study finds

Economy

Avoid attempts at quick fixes, Fitch warns

Picture: REUTERS
8 hour(s) ago

Ratings agency Fitch, which rates SA’s debt at one notch above speculative grade, is expected to publish a review of the country’s debt rating next week

Politics

DA demands details on ‘Wege smuggling trip’

Defence Minister Nosiviwe Mapisa-Nqakula. Picture: TREVOR SAMSON
10 hour(s) ago

The party ‘remains suspicious’ about Defence Minister Nosiviwe Mapisa-Nqakula’s explanation that she went to the Congo for work and not to fetch Michelle Wege

Energy

SA’s fuel security not under threat, says Central Energy Fund

Picture: REUTERS
10 hour(s) ago

Should Strategic Fuel Fund need to replace the strategic fuel stocks it sold in December today, it would make a $220m loss

Energy

Sasol begins with drilling of first well under Mozambique PSA licence

Sasol ’s natural gas venture in Mozambique that was inaugurated in 2004. Picture: REUTERS
10 hour(s) ago

Drilling marks start of Sasol production sharing agreement for integrated oil, liquefied petroleum gas and gas project in Mozambique

Media

SABC local content quota to extend to TV from July, says Kaizer Kganyago

The SABC building in Auckland Park, Johannesburg. Picture: BUSINESS DAY
11 hour(s) ago

After announcing 90% local music quota across its 18 radio stations‚ SABC now wants to also increase local content on its television platforms from July

Financial Services

Sygnia’s first-half net profit soars nearly 20%

Picture: THINKSTOCK
9 hour(s) ago

The small-cap company, which provides investment management and administration solutions, became an instant hit when it debuted on the JSE last year

African News

Nigerian schoolgirl’s return spotlights a town making its own comeback

A woman holds a sign during a protest demanding the release of abducted secondary school girls from the remote village of Chibok, in Lagos, Nigeria, on Monday.   Picture: REUTERS
9 hour(s) ago

People and businesses fled Chibok after Boko Haram kidnapped more than 200 students in 2014, but a new sense of calm is emerging there

National

Lion of Africa agrees to no new funeral policy debits from grants for children

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

The social development minister had‚ through a regulation published in 2009‚ allowed funeral policy premiums to be deducted from children’s social grants

Retail & Consumer

Massmart to open 13 more stores this year, as group sales grow

Makro store in Midrand, Johannesburg. Picture: SOWETAN/ANTONIO MUCHAVE
13 hour(s) ago

Massmart CEO Guy Hayward says stores that have been opened in SA since January 2015 have contributed 1,300 permanent and 5,000 temporary or indirect jobs

Americas

US mavericks grab attention with possibility of Trump-Sanders debate

Republican Presidential candidate Donald Trump addresses supporters during a political rally at the Phoenix Convention Center in Phoenix, Arizona. Picture: AFP
4 hour(s) ago

Democratic front runner Hillary Clinton would be left on the sidelines

Education

Specialist schools in Gauteng to boost science and maths graduates

Gauteng infrastructure development MEC Qedani Mahlangu. Picture: SOWETAN
13 hour(s) ago

Twenty-seven schools of specialisation will be established across Gauteng, focusing on maths‚ science‚ engineering‚ performing and creative arts‚ and sports

Transport & Tourism

Uber talks to meter taxi drivers to try stave off further violence

One of the vehicles damaged in the alleged altercation between Uber drivers and metered cab drivers outside the Gautrain Station in Sandton, Johannesburg, on Friday. Picture: EMER-G-MED/FACEBOOK
12 hour(s) ago

At the same time, Uber says from Thursday it will accept cash payments for trips, after many requests by customers

African News

Lesotho migrants illegally in SA offered amnesty

A general view of buildings is seen in Lesotho's capital Maseru. Picture: REUTERS
10 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

Energy

What you need to know about the Strategic Fuel Fund

Picture: ISTOCK
11 hour(s) ago

The Strategic Fuel Fund has allegedly sold almost all of its oil stockpile in a closed tender at low prices, without having sought permission from the Treasury

Economy

Shared vision for economic development in SA is vital, Motlanthe says

SHARED VISION: Former president Kgalema Motlanthe. On Thursday at an indaba in Sandton he called for collaboration, which would reduce the trust deficit between the government, business and labour. Picture: SOWETAN
13 hour(s) ago

SA’s competitiveness and labour market reform must be addressed to boost employment growth, says Kgalema Motlanthe

Politics

KZN ANCYL secretary rebuked by party over ‘little girl’ insult to NFP leader

Zanele kaMagwaza-Msibi, leader of the National Freedom Party. Picture: RAJESH JANTILAL
10 hour(s) ago

Thanduxolo Sabelo, ANC Youth League secretary in Kwazulu-Natal, hauled over coals by ANC for attack on National Freedom Party leader Zanele Magwaza-Msibi

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Cartoons

Picture: ISTOCK

Motivation within a growing business is a unique organisational challenge

To maintain enthusiasm one a business leaves the startup phase, leaders should regularly re-evaluate how they motivate staff

Motoring

LAUNCH NEWS: BMW X5 plugs into the new era

It looks like a normal X5 but this one plugs in.  Picture: BMW
17 hour(s) ago

BMW has introduced its X5 plug-in hybrid to the South African market

Health

Tips to stay in shape and beat the winter bulge

Jogging is a great way of combining staying warm and keeping in shape in winter, the writer says, but it is just one option for a healthy lifestyle programme. Picture: ISTOCK
18 hour(s) ago

Create a winter routine to fit your lifestyle, take care about what you eat on winter days, and use the stairs, writes Yvonne Fontyn

Arts & Entertainment

UCT student’s film is a hit at international film festivals

The poster for the 69th Cannes Film Festival. Picture: REUTERS
8 hour(s) ago

Jessie and Sarah Zinn’s movie of love and misunderstanding recently appeared at Cannes Film Festival Short Film Corner

Opinion

EDITORIAL NOTE: Charging into the future

Volvo SA claims the batteries will recharge in three hours on household mains.  Picture: QUICKPIC

Plug-in hybrid cars are well within our realm

Ted Dumitru. Picture: SOWETAN

Coaching association pays tribute to Ted Dumitru following his death

Affectionately known as ‘the Professor’, football coach Ted Dumitru died on Thursday morning of suspected cardiac arrest

Rugby

Coetzee to fly in just four Boks for Tests

ROCK:  Duane Vermeulen brings experience and gravitas to the No8 position — and looks set to be the next  Springbok captain. Picture: GETTY IMAGES
19 hour(s) ago

Coetzee names his first Bok team since he took over as coach

Rugby

Combrinck is not in frame as Lions pivot

FLYER: Ruan Combrinck has the skills to fill in for injured Lions flyhalves, but the coaching team feels moving him from the wing would be too disruptive. Picture: GALLO IMAGES/LEE WARREN
19 hour(s) ago

Assistant coach confirms winger Ruan Combrinck is not an option to replace injured Jantjies and Van der Walt

Other Sport

Greenwood injury puts paid to Comrades duel with Wostmann

Charne Bosman and Caroline Wostmann. Picture: GALLO IMAGES
19 hour(s) ago

Brit Eleanor Greenwood’s absence deprives the Comrades Marathon women’s race of a highlight encounter with SA’s Caroline Wostmann

Rugby

Irish are coming bolstered by South Africans

Richardt Strauss. Picture: REUTERS
19 hour(s) ago

Despite comprising several superb players the squad is missing a few world-class players through injury

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

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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