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Slowing growth hits local industries

4 hour(s) ago

Statistics SA data show that slowdown in economic growth in first quarter has taken toll on industries, with total turnover generated falling over the period

National

SARS expects decrease in number of tax returns received

Rows of taxpayers  wait to be assisted with their income tax returns at the SARS office in Port Elizabeth. Tax season opened on Tuesday. Picture:  THE HERALD/FREDLIN ADRIAAN
10 minute(s) ago

South African Revenue Service says increase in submission threshold announced in February budget will affect number of returns

National

By failing to file papers on time, NPA in contempt of court, says DA

Democratic Alliance federal executive chairman James Selfe. Picture: TREVOR SAMSON
1 hour(s) ago

As NPA misses yet another deadline to submit heads of argument in ‘Spy Tapes’ issue, DA says its ‘chronic tardiness serves no other purpose than to frustrate process’

National

Municipalities spending less on electricity, Statistics SA report shows

Picture: THINKSTOCK
27 minute(s) ago

Municipalities are spending less on electricity and are deriving less revenue from related services, quarterly report shows

Economy

Trade balance records unexpected surplus

Picture: THINKSTOCK
6 minute(s) ago

South African Revenue Service customs and excise data show country recorded surplus of R4.987bn in May as exports increased while imports fell

Retail & Consumer

Edcon asks debt holders to take a haircut

Picture: Robbie Tshabalala
1 hour(s) ago

Embattled clothing retailer asks holders of 2019 bonds to take loss on investment as company attempts to shore up its finances

African News

Ramaphosa sent to Lesotho as crisis worsens

Cyril Ramaphosa. Picture: GCIS
3 hour(s) ago

Deputy President Cyril Ramaphosa dispatched to Lesotho as political instability in mountain kingdom worsens following killing of former defence chief Maaparankoe Mahao

African News

Liberia records new death from Ebola

A health worker injects a woman with an Ebola vaccine during a trial in Monrovia, Liberia, in February. Liberia’s testing of experimental vaccines involves thousands of volunteers. Picture: REUTERS
1 hour(s) ago

Liberian dies of haemorrhagic fever in first recorded case since country was declared free of virus in May, deputy health minister says ‘there is no need to panic’

Alexis Tsipras. Picture: REUTERS/ALKIS KONSTANTINIDIS

The scenarios for Greece — none of them happy

Wolfgang Münchau: Why should the Greeks vote yes to a package the creditors themselves no longer support?

Columnists

It’s wonderful to know the Mercedes-Benz S65 AMG Coupe engines, with their extraordinary tolerances, are assembled by humans, writes Alexander Parker

VRROOM WITH A VIEW: Rand’s slump no joke, so drive that bargain now

Columnists

Prof Theo Kocken from VU University, tells Michel Pireu: ‘We need to adjust our economic policies to better reflect human nature’

Diversify in small bets around the world

Labour

SA lost 44,000 jobs in first quarter

A group of men sit along a road looking for work. Picture: SUNDAY TIMES
1 hour(s) ago

Statistics SA quarterly employment statistics show loss of jobs is consistent with slowdown in economic activity during first three months of this year

African Business

Zambia to ration power to mines

Picture: SUNDAY TIMES
1 hour(s) ago

Sub-Saharan African country issues mines with schedule ‘indicating how much electricity will be supplied at different times of day due to the power shortage’

Europe

EU urges Greece to vote ‘yes’ to euro

Alexis Tsipras. Picture: BLOOMBERG / KOSTAS TSIRONIS
2 hour(s) ago

European Commission makes last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept bail-out deal he has rejected

Companies

Mahindra aims for double-digit growth in Africa

The extended wheelbase provides for a larger load box.  Picture: QUICKPIC
2 hour(s) ago

Utility and tractor producer sets up Africa-focused business unit, hopes aggressive expansion will help spur 10-fold increase in business

Picture: SOWETAN

Tackle the root causes to kill off protests

Municipalities must meet the needs of highly dissatisfied communities and address failing basic service delivery at the heart of most protests, day in and day out, write Karen Heese and Kevin Allan

African News

Tunisia expects tourists to avoid country after 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
1 hour(s) ago

North African country says about one-quarter of its estimated annual tourism earnings are likely to be lost following attack on beach hotel that left 39 dead

Politics

Paraffin-for-votes contract fuels tensions over tenders

The sprawling township of Katlehong in Ekurhuleni.  Picture: THE TIMES
8 hour(s) ago

Residents claim the paraffin is selectively delivered by people wearing ANC shirts

Companies

Rio Tinto smelter in New Zealand faces possible power crunch

Smoke billows from chimneys at the Rio Tinto alumina refinery in Gove, 650km east of Darwin in Australia's Northern Territory.  Picture: REUTERS
2 hour(s) ago

Aluminium smelter, which has suffered losses in two of last three years, faces July 1 deadline to decide whether to extend power supply contract with Meridian Energy

Health

Medical scheme watchdog has little to show for R7m probe

Dr Monwabisi Gantsho, registrar of the Council for Medical Schemes. Picture: FINANCIAL MAIL
7 hour(s) ago

Council for Medical Schemes probe allegations into suspended registrar Monwabisi Gantsho has very little to show for R7m

Economy

Discouraged young work seekers at 1.5-million

7 hour(s) ago

Unemployment rate among young people remains stubbornly high as discouraged young work seekers grew from 809,000 in 2008 to 1.5-million this year

National

Vavi fears second Marikana

Congress of South African Trade Unions general secretary Zwelinzima Vavi took everyone by surprise when he announced that he would no longer participate in the federation's boardroom battles and resigned. Picture: MOELETSI MABE/THE TIMES
8 hour(s) ago

Former Cosatu head Zwelinzima Vavi says a fresh inquiry must examine living and working conditions of miners ‘to prevent a repeat of the killings’

National

Parliament finalises new rules to rein in unruly MPs

Economic Freedom Fighters MP Floyd Shivambu (left) and party leader Julius Malema attend a debate on the escape of Sudanese President Omar al-Bashir, in Cape Town on June 23. The party regularly uses disruptive tactics in Parliament.  Picture: TREVOR SAMSON
8 hour(s) ago

Recommendations likely to put an end to recent theatrics in the House that have seen sessions abandoned and define what constitutes good parliamentary conduct

Markets

JSE pares losses in line with global markets

Picture: MICHAEL ETTERSHANK
32 minute(s) ago

Local bourse pares losses in early afternoon trade on Tuesday as global markets turn positive, raising hopes recent sell-off may have run its course

Asia-Pacific

At least 20 dead after Indonesian military aircraft crashes in flames

Indonesian rescuers extinguish a fire after a military plane crashed while they search for victims in Medan, North Sumatra, Indonesia, on June 30 2015. At least people 20 were killed when a military transport plane crashed into a residential area of Indonesia's Medan city and burst into flames, a hospital staffer said. The Hercules C-130 plane was carrying 12 crew members and an unknown number of passengers, according to local military commander Dwi Putranto. Picture: EPA/DEDI SAHPUTRA
1 hour(s) ago

Airforce transport aircraft crashes into residential area of Medan shortly after take-off, exploding in fireball and killing at least 20 people

Energy

Low electricity prices not responsible for load shedding, says Nersa

Picture: THINKSTOCK
7 hour(s) ago

Nersa pulls plug on Eskom tariff hike giving respite for weary consumers, saying that power utility’s internal processes need fixing

Politics

Bargaining weakens the ANC alliance, report says

Picture: SIMON MATHEBULA
8 hour(s) ago

Policy differences between the ANC and allies have caused deep divisions, with the most serious arising after the party endorsed the National Development Plan in 2012

Transport & Tourism

Rumbles over Uber as bus system deal inked

Picture: GETTY IMAGES
7 hour(s) ago

City of Johannesburg wants ‘some regulation over moving force’ of app-based taxi service Uber

National

Analyst sees Bashir appeal as ANC insurance policy

Omar al-Bashir. Picture: REUTERS/SIPHIWE SIBEKO
8 hour(s) ago

Favourable precedent in Omar al-Bashir case will serve ruling party well in similar predicaments in the future

Media & Advertising

Naspers ploughs R10.7bn into growth sectors

Picture: SHELLEY CHRISTIANS
7 hour(s) ago

Rocketing video-entertainment segment attracts 2-million more subscribers in the year and revenue hits R42.4bn — up 17%

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Cartoons

Relatives of the slain Marikana miners break down in tears during the Marikana Commission of Inquiry in Centurion. Picture: SOWETAN

The callous silencing of suffering

Marikana report discredits victims and ignores evidence, writes Julian Brown

Innovation

Smart travel: a dialogue between car and highway

7 hour(s) ago

Smart roads, toll plazas, traffic lights and signs are all increasingly connected to cars, writes Quentin Hardy

Health

The wheelchair gets a makeover

Picture: THINKSTOCK
1 day(s) ago

Models coming on market or in development can climb stairs, turn tight corners, make their way over trails, and are easier to manoeuvre than earlier generations

Growth Engines

Innovation and courage rev up these companies

Ashley and Tanya Mulligan surrounded by their staff. The couple and their specialist courier firm do everything they can to earn their customers’ trust. Picture: FREDDY MAVUNDA
7 hour(s) ago

The Growth Engines series focuses on successful strategic partnerships in business driven by new ideas that have the potential to shake up the South African economy, writes Marc Davies

Innovation

Global warming solutions range from clever to crazy

Richard Branson has offered a $25m prize for the best solution to global warming in the geo-engineering field … 11 finalists were named four years ago though nobody yet has come near to claiming the prize. Picture: PUXLEY MAKGATHO
7 hour(s) ago

There are proposals, untested at scale and with uncertain costs, to block the sun’s rays with airborne particles or seed the oceans with carbon-absorbing iron, writes Louise Downing

Opinion

VRROOM WITH A VIEW: Rand’s slump no joke, so drive that bargain now

It’s rather wonderful to know that the Mercedes-Benz S65 AMG Coupe engines, with their extraordinary tolerances and advancement, are assembled by humans because they just do it better

Serena Williams. Picture:  Picture: EPA / TONY MCDONOUGH

Djokovic unruffled, Williams blasts through

Serial title winner Williams has the Australian Open and French Open under her belt and moves past the halfway mark in quest for a rare calendar year Grand Slam

Other Sport

Spanish tennis players up in revolt

David Ferrer of Spain looks dejected during the 2010 South African Tennis Open at Montecasino, Johnnesburg. Picture:  GALLO IMAGES/LEFTY SHIVAMBU
7 hour(s) ago

In open letter players blast ‘the lack of transparency’ in the distribution of the Spanish tennis federation’s revenues

Cricket

Sri Lanka level series with time to spare

Sri Lankan cricketer Dimuth Karunaratne watches the ball after playing a shot during the final day of the second Test cricket match between Sri Lanka and Pakistan at the P Sara Oval  in Colombo on Monday.  Picture: AFP PHOTO/LAKRUWAN WANNIARACHCHI
9 hour(s) ago

Win ends Sri Lanka’s three-match losing streak at the P Sara Oval and sets up a potentially thrilling finale when the third Test begins in Kandy on Friday

Cricket

Rabada’s mission to step into Steyn’s boots

Quinton de Kock, Faf du Plessis and Kagiso Rabada in Johannesburg on Monday. GALLO IMAGES/JOHAN RYNNERS
9 hour(s) ago

Under-19 World Cup-winning fast bowler Kagiso Rabada is expected to put up his hand as Dale Steyn’s long-term replacement

Other Sport

Futura’s handicap spooks the punters

Picture: THINKSTOCK
9 hour(s) ago

Trainer of Durban July third favourite critical of handicappers and insists merit ratings in SA are too high

Rugby

Meyer told to check numbers

The Springboks during a training session at Cape Town Stadium earlier this month in Cape Town. The Bok coach has to ensure his 23-man World Cup squad will have at least seven black players. Picture: ASHLEY VLOTMAN/GALLO IMAGES
9 hour(s) ago

Springbok coach Heyneke Meyer faces complex but not impossible task meeting South African Rugby Union’s transformation targets

Other Sport

I’m dirty scum, not ref, says Kyrgios

Nick Kyrgios of Australia talks to the umpire during his match against Diego Schwartzman of Argentina at the Wimbledon Tennis Championships in London on Monday. Picture: REUTERS/STEFAN WERMUTH
9 hour(s) ago

Australia’s fiery Nick Kyrgios argues with umpire in easy Wimbledon win

Soccer

Cech cashes in 11 years at Chelsea to join Gunners

Petr Cech. Picture: EPA/KERIM OKTEN
9 hour(s) ago

Chelsea reluctant to release Petr Cech but keeper did not want to spend another campaign as deputy to Thibaut Courtois — 10 years junior

Soccer

Finger fiend out on his backside

Picture: THINKSTOCK
9 hour(s) ago

Chile defender Gonzalo Jara banned from Copa America after backside attack on opponent

Opinion

Rusty Proteas far from a certain bet in Bangladesh

Picture. THINKSTOCK

The Proteas have a history of stuttering starts on tour in the past decade — all because of rust

Standard Bank

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The Third Umpire

Eskom acting CE Brian Molefe, for getting ratty with Nersa chairman Thembani Bukula. The way to convince an independent regulator of the validity of your case is with facts and persuasive argument, not defensiveness.

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The president’s nephew, Khulubuse Zuma, who along with Nelson Mandela’s grandson, Zondwa, has been found guilty of stripping the assets of liquidated gold mine Pamodzi, to the detriment of its employees.

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Defence Minister Nosiviwe Mapisa-Nqakula. According to a UN report, SA soldiers on peacekeeping missions in Africa are the world’s worst military sexual predators. As if our reputation for xenophobia wasn’t bad enough.

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