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Picture: THINKSTOCK

Consumer confidence index dips to 14-year low in second quarter

15 hour(s) ago

Confidence plummets in second quarter as frequent power outages, higher fuel and maize prices, tax hikes, slowdown in government spending weigh on sentiment

Europe

IMF warns of huge financial hole as Greek vote looms

Picture: REUTERS
8 hour(s) ago

International Monetary Fund says Greece needs extra €50bn over the next three years, including €36bn from its European partners, to stay afloat

Financial Services

FirstRand to buy out DirectAxis minorities

Johan Burger. Picture: BUSINESS DAY
9 hour(s) ago

Banking group aims to drive cross-selling opportunities between DirectAxis clients and First National Bank

Economy

Smaller homes sought-after as sellers feel pinch

Picture: THINKSTOCK
8 hour(s) ago

A big percentage of sellers are down-scaling due to financial pressure, says Johan Loos, an FNB property strategist

Business

Government ‘has stood in way of entrepreneurs’, Manamela admits

Buti Manamela (left) and Julius Malema cut their political  teeth as student activists in Limpopo. Picture: TYRONE ARTHUR
13 hour(s) ago

Deputy Minister in the Presidency Buti Manamela says many small businesses fail because government does not settle its debts on time

Labour

NUM concludes wage deal with Samancor

Workers at an iron-ore smelter. Picture: REUTERS
12 hour(s) ago

National Union of Mineworkers agrees three-year wage agreement with Samancor Chrome, covering company’s operations in Rustenburg area

Energy

SA electricity production falls in May

According to Eskom's website, the project will include a super-critical plant able to operate with greater efficiency and at higher pressures than previous boilers.  Picture: ARNOLD PRONTO
14 hour(s) ago

Electricity production decreases 3.5% year on year in May 2015, Stats SA says, with seasonally adjusted electricity generation decreasing 0.8% in May compared with April

Europe

Anglo planning job cuts as investors push for bolder overhaul, sources claim

Anglo American CEO Mark Cutifani. Picture: REUTERS
11 hour(s) ago

Anglo American planning to cut staff at head offices around world in effort to respond to commodity price rout , sources csay

Americas

BP to pay $18.7bn for Gulf oil spill

A fire blazes aboard the mobile offshore oil drilling unit Deepwater Horizon on April 22 2010. Picture: EPA
8 hour(s) ago

Agreement between British oil major and US government comes on top of the $43.8bn BP has already set aside for criminal and civil penalties and cleanup costs

Alexis Tsipras, Greece's prime minister, stands and speaks to lawmakers inside the Greek parliament in Athens, Greece, on Sunday. Picture: KOSTAS TSIRONIS/BLOOMBERG

Tsipras looks likely to do what he said he would not do

Six months into his tenure as Greek prime minister, Alexis Tsipras has pushed country to brink of eurozone exit Greece, teetering on edge of financial maelstrom

Columnists

Michel Pireu: Assume that the ‘patient’ has died, and the question to be answered is why?

STREET DOGS: Pre-mortem decision making

Columnists

Greek contagion is a concern, but within the MPC there is an ongoing debate about whether to pre-empt the Fed's next rate hike, writes Hilary Joffe

Grexit lower on list than Fed’s next move

African News

SA, Zimbabwe, Namibia to probe death of Lesotho’s former army commander

Picture: THINKSTOCK
17 hour(s) ago

Lesotho’s prime minister asks SADC to assist with investigation into death of Lt-Gen Maaparankoe Mahao and assist with pathology examination

Americas

Weak US employment report puts damper on September rate hike hopes

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
11 hour(s) ago

US job growth slows in June and Americans leave labour force in droves, tempering expectations for September interest rate hike from US Federal Reserve

Europe

Greek crisis becoming dangerous, warns BoE

Tthe Bank of England in London. Picture: BLOOMBERG
15 hour(s) ago

However, Bank of England deputy governor Jon Cunliffe says there is no sign yet of Greek debt crisis spreading to other countries on periphery of eurozone

Telecoms & Technology

PIC scores big in Vodacom stake buy

PIC chief investment officer Daniel Matjila. Picture: TREVOR SAMSON
21 hour(s) ago

PIC secured itself a 10% discount when it came to the government’s rescue by buying its 13.9% stake in cellphone operator Vodacom

Transport & Tourism

Protesters stone buses taking over
Putco routes

Putco bus. Picture: GALLO IMAGES
17 hour(s) ago

Despite heavy police presence, protesters stone buses, demonstrators are said to be from taxi associations that claim they were promised routes abandoned by Putco

Picture: THINKSTOCK

Digital marketing must be a boardroom conversation

Even among SA’s most progressive brands, digital media and marketing have not yet taken the leading role they should in boardroom conversations, writes Natalie Bruyns

Europe

US asks Swiss to extradite seven in Fifa probe

Members of the media walk in front of the headquarters of soccer's international governing body Fifa in Zurich, Switzerland.  Picture: REUTERS/RUBEN SPRICH
15 hour(s) ago

The officials, including two then members of Fifa’s executive committee, have been in jail since being detained on US arrest warrants in raid on Zurich hotel

African News

Tunisia hunts for Libya-trained suspects after hotel attack

Tourists look at flowers and cards placed in tribute to the victims of a terror attack on a beach in front of the imperial Marhaba Hotel in Sousse, Tunisia on Sunday. Picture: EPA/MOHAMED
15 hour(s) ago

Authorities arrest 12 people they suspect are linked to Sousse beach hotel attack on tourists, and are hunting for two men who trained in jihadist camp with Sousse attacker

Europe

Greece’s Tsipras stands firm on his opposition to bail-out

Alexis Tsipras, Greece's prime minister, stands and speaks to lawmakers inside the Greek parliament in Athens, Greece, on Sunday. Picture: KOSTAS TSIRONIS/BLOOMBERG
18 hour(s) ago

Defiant Prime Minister Alexis Tsipras urges Greeks to reject bail-out deal, wrecking any chance of repairing broken relations with European Union partners

Mining

Amplats helps miners dig a way out of debt

GAME CHANGER: Amplats’s Rustenburg mine is among those up for sale, in a  development that will offer opportunities for transformation and black  ownership in the mining sector. Picture: SYDNEY SESHIBEDI, THE TIMES
21 hour(s) ago

Reducing repayments eases pressure on companies and employers, writes Allan Seccombe

Transport & Tourism

SAA plans to save R900m through staff cuts

Picture: SUNDAY TIMES
21 hour(s) ago

Staff reduction plan part of a multi-pronged cost-cutting plan to save R2.2bn in the next three years at loss-making airline

Transport & Tourism

Prasa boss does U-turn on stepping down

Prasa CEO Lucky Montana. Picture: ARNOLD PRONTO
21 hour(s) ago

Lucky Montana calls bluff of nonexecutive chairman Popo Molefe and Transport Minister Dipuo Peters with the surprise announcement that he is willing to stay on

Transport & Tourism

New trains are on track — now race is on to run them

Picture: THINKSTOCK
21 hour(s) ago

Prasa due to spend R45bn over the next three years in upgrading infrastructure and getting ready for the new trains

Labour

Rebel unions to participate at Cosatu congress

Numsa president Andrew Chirwa addresses the media in November last year on the Cosatu crisis. Picture: PUXLEY MAKGATHO
21 hour(s) ago

Unions vow to put expulsions of Numsa and Zwelinzima Vavi at ‘centre stage’ amid perception of widespread support for both

Property

Listed property regains edge over volatile equities

Picture: THINKSTOCK
21 hour(s) ago

Recovery for the South African listed property index impressive considering it lost nearly 10% of its value from the beginning of March

Industrials

Evraz Highveld Steel & Vanadium may face liquidation as resources dwindle

Picture: THINKSTOCK
21 hour(s) ago

Possible liquidation despite the government undertaking to do 'everything in its power' to ensure that the company remained operational

Economy

New car sales dive as economy falters

Picture: THINKSTOCK
21 hour(s) ago

Outlook for domestic car sales this year remains unfavourable, say analysts at Nedbank

Media

CEO appointment above board, says SABC

SABC television studios in Auckland Park. The uptake of digital broadcasting technology will see an increase from three SABC channels to more than 10 channels. Picture: KEVIN SUTHERLAND
21 hour(s) ago

Latest ruction at South African Broadcasting Corporation centres on appointment of executive Hlaudi Motsoeneng 'favourite'

Property

Absa survey uncovers home truths about property buyers

Picture: THINKSTOCK
22 hour(s) ago

Price now trumps location, survey shows, but some aspirant homeowner will still make sacrifices for long-term ownership in good areas

Labour

Wage mediation starts for municipal workers

Municipal wage mediation begins on Thursday, with a strike looming if the process fails. Samwu strikes are often marked by violence, as seen in this incident in East London in 2011.  Picture: DAILY DISPATCH
22 hour(s) ago

Mediation will be between the South African Local Government Association, the South African Municipal Workers’ Union and the Independent Municipal and Allied Trade Union

Europe

Tsipras makes plea to voters as economy buckles

Pro-euro protesters hold Greek national flags during a rally in front of the parliament building in Athens this week. As politics and posturing continue, Greeks are divided between defiance and desperation over whether to reject austerity measures. Picture: REUTERS/YANNIS BEHRAKIS
21 hour(s) ago

Prime Minister Alexis Tsipras bends on day three of capital controls, rationing pensions and intense European pressure after expiry of Greece’s bail-out

National

Joburg city ombudsman ready to investigate

Johannesburg's skyline. Picture: THE TIMES/ALON SKUY
21 hour(s) ago

Houghton-based Joburg ombudsman Siduduzo Gumede has a startup budget of R20m and 15 staff to deal with residents' complaints about municipalities

Labour

Unions may take MTN strike abroad

MTN. Picture: BLOOMBERG/NADINE HUTTON
22 hour(s) ago

Escalation of boycott hinges on whether MTN accedes to the demands made by the Communication Workers Union

Mining

South32 shares take a beating as commodity prices drop

Picture: THINKSTOCK
22 hour(s) ago

Some BHP Billiton shareholders who own South32 stock likely to join sell-off to rebalance their portfolios

Americas

End Cuban embargo, pleads Obama

The Chief of Mission at the US Interests Section in Havana, Jeffrey DeLaurentis, left,  meets Cuban interim Foreign Minister Marcelo Medina in Havana on Wednesday, after the official resumption of relations between the two countries. Picture:EPA/ALEJANDRO ERNESTO
22 hour(s) ago

US leader needs significant political momentum to get an ambassador to Cuba confirmed by the Republican-controlled Senate or the embargo lifted

Picture: THINKSTOCK

Four breathing techniques for public speaking

Here are some ways you can harness your breath to speak with confidence and power in public

Motoring

INTERNATIONAL LAUNCH: Bestselling sedan gets a fine-tune

The styling of the new Cruze shows that it has a number of Korean and Japanese marques in its sights.  Picture: CHEVROLET
20 hour(s) ago

Motor News travelled to Detroit for the world premiere of the second generation Chevrolet Cruze

Arts & Entertainment

Prince pulls his music from most online streaming services

Picture: AFP/ROBYN BECK
16 hour(s) ago

Pop icon Prince opens new chapter in fraught relationship with internet as he suddenly pulls his music from most streaming services

Gadgets & Gear

Google’s Photos app tagging blunder shows limits of algorithms

Picture: REUTERS
10 hour(s) ago

Google is a leader in artificial intelligence and machine learning, but company’s computers still have a lot to learn before they can understand important cultural sensitivities

Health

Feeling ill at work? It could well be the air or lighting, not necessarily the job

Picture: SUNDAY TIMES
22 hour(s) ago

If many of colleagues or employees report regular illness at work it may be an idea to organise a health and safety inspection — or face prosecution, writes Vanessa Rogers

Motoring

NEW MODELS: Luxury comes in a lighter package

The design team has been conservative when it comes to the exterior changes.  Picture: AUDI MEDIA SERVICES
20 hour(s) ago

All new, but conservatively styled, Audi’s mid-sized mainstay sheds weight and V6s, but turns further upmarket, writes Michael Taylor

Motoring

ROAD SAFETY: Council tasked with driving road safety

Minister of Transport Dipuo Peters. Picture: TREVOR SAMSON
20 hour(s) ago

The announcement of a National Road Safety Council is a step in the right direction to saving lives

Novak Djokovic of Serbia celebrates his win over Finland’s Jarkko Nieminen after their second round match at Wimbledon on Wednesday. It was the Finn’s final appearance at the All England tournament. Picture: EPA/ANDY RAIN

Cool Djokovic cruises as the rest swelter

Wimbledon bakes at 35.7°C but Serb Novak Djokovic says it wasn’t too difficult

Other Sport

Mobile betting expected to boost Vodacom Durban July turnover

Picture: THINKSTOCK
21 hour(s) ago

SA is gearing up for a record betting feast with the running of the Vodacom Durban July

Soccer

Chiefs snub hearing on Abraw conflict

Camaldine Abraw. Picture: GALLO IMAGES/LEFTY SHIVAMBU
1 day(s) ago

Celtic refuse to budge on Camaldine Abraw issue as Chiefs football manager Bobby Motaung ducks and dives

Cricket

England must man up to the Aussies, says coach Bayliss

Trevor Bayliss. Picture: AFP PHOTO/LAKRUWAN WANNIARACHCHI
22 hour(s) ago

New coach Trevor Bayliss calls on squad to fight fire with fire, be positive and aggressive to regain the Ashes from his native Australia

Rugby

Gold wary of intact Lions and Cheetahs

Sharks director of rugby Gary Gold at a training session at Kings Park Stadium in Durban yesterday. Picture: STEVE HAAG/GALLO IMAGES
22 hour(s) ago

Sharks have relinquished a number of Springbok players who will play a minimal or no role in the Currie Cup

Other Sport

Coetzee has measure of Lerena, says Durandt

Picture: THINKSTOCK
22 hour(s) ago

Victory for Kevin Lerena will convince promoter Rodney Berman that the 23-year-old left-hander is a long term investment

Cricket

Can Rabada copy Schultz’s blitz?

Fast bowler Kagiso Rabada, who is on his first tour with the Proteas, received some good advice from former SA talent Brett Schultz, who burst onto the scene in Sri Lanka 22 years ago. Picture: ASHLEY VLOTMAN/GALLO IMAGES
21 hour(s) ago

Ace fast bowler Kagiso Rabada has some experience with the heat and pitch of the subcontinent but can he match Sri Lanka hero Brett Schultz?

Standard Bank

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The Third Umpire

Police Minister Nathi Nhleko, for introducing yet another red herring to the Nkandla saga. The bottom line is that R246m of public money was spent to provide security at the president’s private estate, and that is obscene.

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Western Cape Transport MEC Donald Grant, for dragging his heels in licensing Uber taxi drivers, which has resulted in hundreds of vehicles being impounded. Such disruptive technologies demand a more nimble response.

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Ses’khona leader and notorious “poo protester” Andile Lili, who has been elected to the Western Cape ANC’s executive committee, while his nemesis, former provincial secretary Songezo Mjongile, was voted out.

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