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The logo of French oil company Total is seen on a fuel pump at a Total gas station in Paris, France. Picture: REUTERS

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

14 minute(s) ago

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

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
2 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

Energy

What you need to know about the Strategic Fuel Fund

Picture: ISTOCK
1 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

Media

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

The SABC building in Auckland Park, Johannesburg. Picture: BUSINESS DAY
1 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

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
1 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

Politics

DA demands details on ‘Wege smuggling trip’ by defence minister

Defence Minister Nosiviwe Mapisa-Nqakula. Picture: TREVOR SAMSON
1 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

Trade & Industry

Trade deal will help some local products gain better access to the EU

Minister of Justice and Constitutional Development, Jeff Radebe . Picture: GCIS
2 hour(s) ago

SA has also negotiated a bilateral protocol on geographic indicators with the EU, where names of products such as rooibos, honeybush and Karoo lamb will be protected

Markets

Oil breaches $50 a barrel on signs of shrinking oversupply

Picture: THINKSTOCK
2 hour(s) ago

A larger-than-expected draw in US crude oil inventories — indicating that buyers are starting to mop up spare supply — has fuelled buying

Science & Environment

Pandor’s department berates Western Cape for ‘misleading’ SKA comment

The Square Kilometre Array core site in the Karoo. Picture: MAIK WOLLEBEN
3 hour(s) ago

Economic opportunities MEC Alan Winde says the Western Cape is asking the private sector to suggest the best data centre model for the Square Kilometre Array

A PPC Lime manufacturing plant.  Picture: SUPPLIED

State’s industrial policy needs support

Ipap objectives are excellent — to stimulate manufacturing and to bring about more industrialisation, writes Philippa Rodseth

Columnists

Robert Laing: The strategy does not impress institutional investors or they would not have voted out SABMiller leadership in favour of AB InBev

SABMiller’s financials cannot hide bad results

Columnists

Instagram’s logo change will stop being important very quickly because that’s just the world we live in now, writes Suhana Gordhan

Instagram logo switch reflects our insta-lives

Financial Services

Abil emerges from business rescue with cash remaining

Picture: REUTERS
3 hour(s) ago

Suspended JSE listing has settled its debts in full and can proceed with operations, as business rescue practitioners stay on to safeguard assets

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
21 minute(s) ago

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

African News

Lesotho migrants illegally in SA offered amnesty

A general view of buildings is seen in Lesotho's capital Maseru. Picture: REUTERS
1 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

Education

Specialist schools in Gauteng to boost science and maths graduates

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

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

National

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

Social grants. Picture: GARY HORLOR
1 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

Paul Kagame gestures during a panel session at the World Economic Forum in Davos, Switzerland, in January 2016. Bloomberg recently dubbed Rwanda the would-be Switzerland of Africa. Picture: BLOOMBERG/JASON ALDEN

Morning breaks out in country of skulls

Rwanda has maximised on its peace dividend, and the country knows what it wants and how to get it, writes Hilary Joffe

Retail & Consumer

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

Makro store in Midrand, Johannesburg. Picture: SOWETAN/ANTONIO MUCHAVE
3 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

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
2 hour(s) ago

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

Economy

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

Kgalema Motlanthe. Picture: FREDDY MAVUNDA
4 hour(s) ago

Former President Kgalema Motlanthe spoke at the opening of the Southern African Metals and Engineering Indaba on Thursday

Economy

Slight decline in producer price inflation in April

Picture: THINKSTOCK
2 hour(s) ago

Producer price inflation, commonly seen as a leading indicator for consumer price inflation, slows to 7% in April from 7.1% in March

Americas

Apple explores charging stations for electric vehicles

Picture: AFP PHOTO/TIMOTHY A CLARY
1 hour(s) ago

Property owners reluctant to install charging stations before electric vehicles hit road en masse, while drivers wary of buying vehicles until stations widely available

Media & Advertising

Holding company of e.tv falls into loss

HCI CEO Johnny Copelyn says tight rules are hampering the group’s expansion. Picture:  SUPPLIED
6 hour(s) ago

Free-to-air TV station manages to recover its market share, although this comes at price of considerable investment in local programming

Americas

On the trail Trump continues to rail against illegal immigrants

Donald Trump rally. Picture: REUTERS/RICK GUY
21 minute(s) ago

In New Mexico, Trump insists that legal immigrants will vote for him, while other top Republicans have not endorsed his candidacy

Telecoms & Technology

Nhleko vows MTN will get new CEO and system to better curb risk

MTN executive chairman Phutuma Nhleko speaks at  the company’s annual general meeting in Johannesburg on Wednesday.  Picture: FREDDY MAVUNDA
8 hour(s) ago

The company’s succession plan impeded by the ‘sudden shake-up’ related to the Nigeria fine and former CEO’s exit

Financial Services

Standard Bank issues statement ahead of AGM

Standard Bank. Picture: MARTIN RHODES
4 hour(s) ago

Expense growth is higher than income growth for Standard Bank, amid economic conditions that remain challenging

Healthcare

Government hostility towards private healthcare impedes NHI

Surgery. Picture: ISTOCK
8 hour(s) ago

Strong parameters set by the state would ease privatisation and divestiture concerns, says doctors’ alliance head

Americas

Powerful auto union backs Clinton for president

Democratic presidential candidate Hillary Clinton speaks to supporters at her Super Tuesday primary night party in Miami, Florida, on Tuesday, March 1 2016. Picture: REUTERS
31 minute(s) ago

United Auto Workers union says Hillary Clinton is ‘someone who understands complexities of multinational economies and supports American workers’

Property

Vukile’s goal to be top quality retail fund on track

Picture: THINKSTOCK
1 hour(s) ago

Vukile Property Fund nearly 70% comprised of retail property assets and if deal with Synergy Income Fund completed, will soon be 90% invested in retail assets

View more

Cartoons

It looks like a normal X5 but this one plugs in.  Picture: BMW

LAUNCH NEWS: BMW X5 plugs into the new era

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
8 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

Health

New dietary advice says we can eat fat to get slim

In a public statement released on Monday by the UK National Obesity Forum in association with Public Health Collaboration, the experts say that fat doesn’t make people fat; saturated fat doesn’t cause heart disease and people should stop counting calories. Picture: ISTOCK
8 hour(s) ago

The experts say that fat doesn’t make people fat; saturated fat doesn’t cause heart disease; and people should stop counting calories, writes Marika Sboros

Motoring

ROAD TEST: Doing the numbers

The Fortuner has controversial styling.  Picture: QUICKPIC
7 hour(s) ago

Mark Smyth looks at the battle of the seven-seaters between Ford and Toyota

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

ROCK:  Duane Vermeulen brings experience and gravitas to the No8 position — and looks set to be the next  Springbok captain. Picture: GETTY IMAGES

Coetzee to fly in just four Boks for Tests

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
9 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
9 hour(s) ago

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

Other Sport

Hopes high Act Of War will be a success at stud

Jockey and horse. Picture: THINKSTOCK
14 hour(s) ago

In a deal with owner Markus Jooste, Summerhill will stand one of the Stenhoff boss’s champions, Act Of War

Rugby

Irish are coming bolstered by South Africans

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

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

Cricket

Proteas prep for Windies and Aussies

Aaron Phangiso. Picture: GALLO IMAGES.
9 hour(s) ago

Phangiso said he would bring a new approach to the tri-series

Other Sport

Impey and Meintjes to ride in Rio Olympics

Daryl Impey. Picture: REUTERS
9 hour(s) ago

Cycling SA initially declined to sign an Olympic selection agreement with Sascoc

Soccer

Myeni has the Midas touch in Cup finals

Sifiso Myeni. Picture: GALLO IMAGES
9 hour(s) ago

Myeni first won the competition as a rising 21-year-old star at Wits in 2010

Other Sport

Nel seeks win before hanging up gloves

Picture: THINKSTOCK
9 hour(s) ago

Veteran Anton ‘Rolling Thunder’ Nel wants to bow out in style by retaining his South African heavyweight belt

Standard Bank

JSE Sens

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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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