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Finance Minister Pravin Gordhan. Picture: BUSINESS DAY

SAA needs whole new board, says Pravin Gordhan

15 minute(s) ago

And a new management team could include existing people, but ‘certainly requires new blood as well”, the finance minister says

Economy

Fitch cuts SA’s local currency debt rating to one level above junk

Picture: REUTERS
1 hour(s) ago

The move is a result of new criteria being applied and brings it in line with the foreign currency rating, while SA’s outlook was kept at stable

Economy

Why Fitch’s BMI Research says Reserve Bank has no appetite for rate hikes

The South African Reserve Bank headquarters building in Pretoria. Picture: THE TIMES
16 minute(s) ago

The group has lowered its economic forecast for SA, and does not expect an increase in interest rates before late next year

Economy

Minimum wage mooted as remedy for dismal growth

Rather than resulting in unemployment, some studies find that US states that raised their minimum wage had greater job growth. Picture: REUTERS
2 minute(s) ago

University of the Witwatersrand report suggests a minimum wage of R4,500-R5,500 a month — well above what business owners have proposed

Retail & Consumer

AB InBev raises its offer for SABMiller to £45

The commission says the guidelines seek to clarify its approach to analysing mergers. Picture: REUTERS
52 minute(s) ago

At SABMiller’s annual general meeting institutional shareholders called on management to push AB InBev for a higher bid following the pound’s post-Brexit crash

Economy

Reserve Bank’s business cycle gauge is more gloomy news for growth

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
51 minute(s) ago

The composite leading business cycle indicator has dipped again — a small decline, but enforcing a persistent negative trend

Science & Environment

SA scientist takes the plunge for Nasa’s deep-space mission

Picture: ISTOCK
45 minute(s) ago

Dr Noel du Toit will spend eight days on the ocean bed performing tasks including ‘space walks’ and studying human-robot interaction

Markets

Reserve Bank caught in JSE error

Nicky Newton-King. Picture: FINANCIAL MAIL
4 hour(s) ago

The monetary policy committee's interest rate call was partly based on distorted inflow data

Mining

Kumba gets new CEO in Anglo American shakeup

Anglo American plans to completely exit its coal business, CE Mark Cutifani says. Picture: REUTERS/SIPHIWE SIBEKO
1 hour(s) ago

The iron ore producer had a tough first half, with output and prices falling, but is looking forward to a better second half as job cuts at Sishen start to take effect

National

NPA assures Willie Hofmeyr he is not under investigation

Willie Hofmeyr. Picture: BUSINESS DAY
4 hour(s) ago

The Public Protector candidate and former Asset Forfeiture Unit head’s battle with strip club owner Andrew Phillips resurfaces

Thuli Madonsela. Picture: TREVOR SAMSON

EDITORIAL: The very public protector

SA's citizenry, with unprecedented access to the process of appointing a new public protector, must ensure the committee selects the best candidate

Columnists

Aubrey Matshiqi promo

The future of the ANC must be a new majority with new values and a different political culture, writes Aubrey Matshiqi

ANC should not be an old-age beauty contest

Columnists

Top guns in the Proteas Test squad have the talent and mental strength but the bowlers are a liability, writes Neil Manthorp

Proteas in need of some first-class practice

Politics

Gwede Mantashe rebukes Fransman for dividing party in Western Cape

Gwede Mantashe. Picture: REUTERS/SIPHIWE SIBEKO
4 hour(s) ago

Marius Fransman is not off the hook and cannot return to work, says ANC secretary-general

National

Expropriation bill returned to Parliament

DEFENDER:  Deputy Public Works Minister Jeremy Cronin has consistently defended the bill, claiming it was fully compliant with the Constitution’s property clause. Picture: PUXLEY MAKGATHO
3 hour(s) ago

In a surprise move, President Jacob Zuma sends the controversial Expropriation Bill back to Parliament over procedural concerns

National

Study for relocation of Parliament to Pretoria launched

Picture: GALLO IMAGES/LISA HNATOWICZ
3 hour(s) ago

The feasibility study has a six-month timeline and must provide a cost estimate for the monumental undertaking

Economy

EXCLUSIVE: Quality of education must be improved, says IMF

POINT OF VIEW:  IMF senior resident representative Axel Schimmelpfennig’s four-year term in SA ends in August. Picture: FINANCIAL MAIL
4 hour(s) ago

Outgoing IMF executive Axel Schimmelpfennig tells Business Day SA has made progress but must address poor education and high unemployment

Americas

Michelle Obama delivers glowing endorsement of Clinton

Michelle Obama. Picture: REUTERS
2 hour(s) ago

First lady makes link between Hillary Clinton and her hopes for her two teenage daughters, Sasha and Malia

US Republican presidential candidate Donald Trump speaks following victory in the New York state primary on Tuesday in New York City. Picture: AFP

Debt is no longer taboo for a new wave of politicians

Donald Trump has caught the policy mood: fiscal austerity is going out of fashion around the world, writes Gillian Tett

Asia-Pacific

Currency swings and falling sales take toll on Hyundai Motor

Picture: REUTERS
5 minute(s) ago

Car maker’s quarterly net profit has fallen since early 2014 due to slowing sales in China and growing competition in global markets

African Business

Zimbabwe to launch programme to boost maize production

Maize. Picture: FINANCIAL MAIL
46 minute(s) ago

Vice-President Emmerson Mnangagwa says the three-year plan aims to increase plantings and expand the irrigation of maize

National

Cape Town wants to control its energy future, says De Lille

Cape Town mayor Patricia de Lille. Picture: SUNDAY TIMES
4 hour(s) ago

Cape Town mayor Patricia de Lille questions Eskom’s decision to forego ‘cheapest form of new electricity generation’

Americas

Sanders blasts ‘demagogue’ Trump

Democratic presidential candidate Hillary Clinton and Bernie Sanders stand together during a campaign rally. Picture: REUTERS/BRIAN SNYDER
10 hour(s) ago

Donald Trump injects himself into the email controversy, saying it proves the system’s rigged

Property

UK’s Hammerson poised to be the largest property stock on the JSE

Picture: THINKSTOCK
4 hour(s) ago

The blue-chip British real estate investment trust lined up for the JSE in September has a £9bn portfolio of retail and leisure assets

Industrials

AECI reports 48% fall in profit

Picture: ISTOCK
1 hour(s) ago

After two years of boosting profits by selling land, the chemicals maker’s earnings for the six months to end-June have plummeted

Telecoms & Technology

Cwele to fight Icasa spectrum decision

Siyabonga Cwele. Picture: FINANCIAL MAIL
4 hour(s) ago

The government's decision to seek court relief on spectrum licences follows unsuccessful meetings with Icasa

Financial Services

BEE partners drop R2bn suit against Abil

In modern capitalist countries, amassed economic power defines the royalty of the day, says the writer.  Picture: THINKSTOCK
4 hour(s) ago

BEE investors Hlumisa and Eyomhlaba hand back their shares to settle an old debt

National

ANC’s councillors being primed to govern in coalitions

Picture: SUNDAY TIMES
3 hour(s) ago

The ANC looks past the local government election to prepare its councillor candidates in managing coalitions

Economy

SA is top foreign direct investment destination in Africa

POWERLESS: Eskom has taken a decision to stop buying electricity from independent power producers, despite the significant foreign direct investment inflows the renewable energy sector has attracted. Picture: SUNDAY TIMES
4 hour(s) ago

SA powers past key African states to attract investment into 130 projects, mostly in renewable energy, EY report shows

Politics

Athol Trollip unfazed by claims of abuse

Athol Trollip addresses supporters during a rally outside mayor Danny Jordaan’s office in Port Elizabeth in April. Picture: AFP PHOTO/MICHAEL SHEEHAN
3 hour(s) ago

DA mayoral candidate tells Business Day the abuse claims are a politically motivated smear campaign ahead of elections

Retail & Consumer

Pick n Pay’s new structure ‘not enough’

Raymond Ackerman. Picture: SUNDAY TIMES
3 hour(s) ago

Pikwik shareholders set for a R3bn-plus windfall cheer the changes while those holding Pick n Pay Stores shares riled by 34% dilution

African News

Obama half-brother favours Republicans in November election

CONCERNS:  Malik Obama, half-brother of Barack Obama, is critical of the US president’s leadership. Picture: REUTERS/THOMAS MUKOYA
3 hour(s) ago

Kenya-based US citizen Malik Obama endorses 'down-to-earth' Republican Donald Trump

Americas

Trump boosts chance of Democratic gains in the US congress, says Nancy Pelosi

FRENEMIES: John Boehner kissed Nancy Pelosi when he took over her duties as speaker of the house in 2010. Picture: BLOOMBERG
3 hour(s) ago

The Republican minority leader calls Trump ’the gift that keeps on giving’ and says she knew Russians had breached the Democratic national committee’s email system

View more

Cartoons

Introducing a game-styled environment can help motivate and manage younger workers. Picture: REUTERS/TORU HANAI

Games have a role in the workplace

Motivating a millennial-rich workforce means plugging into the prestige and social recognition of gaming rewards, writes Wynand Smit

Management

How a new MSCI study vindicates critics of CEO pay

Picture: ISTOCK
22 hour(s) ago

The research looked at 800 CEOs at US companies, and concluded that pay and performance were out of kilter, even over the long term

Opinion

BRAND COMMUNICATION: More clients want one-stop marketing services

Picture: ISTOCK

Integrated agencies offer clients more bang for their buck — traditional advertising, social media, shopper marketing, and public relations services

Sibusiso Vilakazi. Picture: SAMUEL SHIVAMBU/BACKPAGEPIX

‘Vila’ will fight for his spot at Downs

Vilakazi is the kind of player who enjoys being in the box and being on the end of a killer pass, if he is not providing it himself

Rugby

Whiteley input key to Lions’ final ambitions

Warren Whiteley. Picture: GALLO IMAGES/SYDNEY SESHIBEDI
5 hour(s) ago

Lions will increasingly rely on Warren Whiteley’s calming influence to make it to Super Rugby final

Other Sport

Team SA settle in Olympic athletes’ village

The Olympic Village is reflected in an apartment window during a guided tour for journalists to the 2016 Rio Olympics Village in Rio de Janeiro, Brazil, July 23, 2016. REUTERS
5 hour(s) ago

Contrary to media reports that the village was "unlivable", Team SA’s apartment block features large en suite apartments, with air conditioning and reliable WiFi

Rugby

Why WP rugby bosses should face axe and not coach Fleck

Robbie Fleck (Interim Coach)  during the DHL Stormers press conference at High Performance Centre, Bellville on January 19, 2016 in Cape Town. Picture: GRANT PITCHER/GALLO IMAGES
5 hour(s) ago

Future of Stormers interim coach Robbie Fleck remains uncertain after disclosing that he’s had no discussions to remove "interim" from his title

Cricket

Will Donald’s coaching give Australia the edge?

Former South African cricketer Allan Donald. Picture: SHAUN ROY/GALLO IMAGES
4 hour(s) ago

Australia are the only measuring stick who matter in SA cricket‚ and if Donald is in their dugout when the teams clash, a compelling subplot will unfold

Opinion

Proteas in need of some first-class practice

Top guns in the Proteas Test squad have the talent and mental strength but the bowlers are a liability

Standard Bank

JSE Sens

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The Third Umpire

Cyclist Louis Meintjes, for finishing in the top 10 of the Tour de France at the weekend, the first South African to have achieved this feat, and just seven minutes behind the SA-educated winner, Chris Froome.

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Zimbabwean President Robert Mugabe, who appears to have fallen out with the “war veterans” who have helped keep him in power, often through violence and intimidation. When you have a tiger by the tail….

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ANC Western Cape leader Marius Fransman, whose attempt to exonerate and reinstate himself while still facing harassment charges and a disciplinary hearing has only highlighted the factional divisions in the party.

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