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National

Joburg residents can expect 6.93% electricity hike

EFFICIENCY: The Department of Energy wants increased targets on the reduction in national energy consumption by 2030. Picture: REUTERS/SIPHIWE SIBEKO
31 minute(s) ago

This was lower than the National Energy Regulator of SA’s recommended increase of 7.61%, the City of Johannesburg said in its budget

Property

Pivotal Fund’s rental income jumps 57%

Picture: THINKSTOCK
37 minute(s) ago

Pivotal is involved in the redevelopment of Rosebank’s Galleria mall, and the development of Kyalami shopping centre

Retail & Consumer

Payout to Tsogo Sun shareholders up 12% per share

THRILL RIDE: The Anaconda roller-coaster at Gold Reef City in Johannesburg. Picture: SOWETAN
59 minute(s) ago

While gambling income at Gold Reef City slowed because of refurbishment and expansion, coastal casinos showed strong growth

Retail & Consumer

Lewis full-year profit drops on weak spending and tougher regulations

Lewis Stores. Picture: FREDDY MAVUNDA/FINANCIAL MAIL
52 minute(s) ago

The furniture retailer, hit by reckless lending accusations last year, found more stringent lending laws were a major challenge for lower income consumers

Financial Services

First leg of Old Mutual's managed separation nears

Old Mutual. Picture: BLOOMBERG/SIMON DAWSON
3 hour(s) ago

Africa’s largest insurer confirms it is talks with parties wanting a slice of its listed US-based fund management unit Old Mutual Asset Management

Education

Bill giving state more say over varsities passed

Picture: STEPHANIE LLOYD/DAILY DISPATCH
3 hour(s) ago

Critics say the bill gives the state sweeping powers over universities and colleges

Politics

NEWS ANALYSIS: Mchunu exit set to deepen KwaZulu-Natal divisions

OUT OF FAVOUR:  Senzo Mchunu stepped down as KwaZulu-Natal premier on Tuesday after the ANC ordered him to resign. His removal has strengthened President Jacob Zuma’s position in the province. Picture: SUNDAY TIMES
3 hour(s) ago

The ‘Premier League’ has cemented its support in KwaZulu-Natal, leaving the left in the province fearful of a purge, writes Natasha Marrian

Financial Services

IDC says lower interest rate on Gupta loan not political issue

EXPLANATION: Industrial Development Corporation CEO Geoffrey Qhena says the loan to Oakbay was on commercial terms. Picture: PUXLEY MAKGATHO
3 hour(s) ago

CEO Geoffrey Qhena says the Oakbay loan restructuring went ahead as its risk profile changed dramatically

National

SACP eyes legal route in fight with Hawks head

CLAIM:  The SACP says Hawks head Berning Ntlemeza is harassing the party. Picture: TREVOR SAMSON
3 hour(s) ago

South African Communist Party takes press its allegation Hawks head is part of a plot to target the party

Independent Electoral Commission chairwoman Pansy Tlakula. Picture: THE TIMES

Tlakula has the skills and experience to lead information regulator

The information regulator will be a critical institution in advancing transparency and information rights in the country, writes Mukelani Dimba

Columnists

The ANC has deliberately created an environment in which any threat to its rule is blamed on "outside forces", writes Gareth van Onselen

The top 10 bogus ANC conspiracy theories

Columnists

Our failure to binge to lift the economy suggests a desperate need to do something different to turn around the economy, writes Xhanti Payi

Stress-eating, self-medicating nation needs rehab

Financial Services

More oversight after African Bank saga

REDEEMED:  African Bank’s central Johannesburg branch. The Reserve Bank provided financial support for the creation of a ‘good’ bank out of the collapse of African Bank, with operations starting in April. Picture: FREDDY MAVUNDA
3 hour(s) ago

The Reserve Bank plans to tighten its supervision of appointments of bank executives and board members

Telecoms & Technology

MTN needs new management to secure future

MTN acting CEO Phuthuma Nhleko. Picture: MARTIN RHODES
3 hour(s) ago

Shareholders are calling for leadership with a different approach, write Loni Prinsloo and John Bowker

Financial Services

Ombudsman data show Liberty complaints mount up

Picture: THINKSTOCK
3 hour(s) ago

Liberty received 533 complaints, of which 35% found in favour of complainants, compared with 30% for industry as whole, ombudsman report shows

Retail & Consumer

Tiger Brands warns of lower consumption

HEADWINDS:  Tiger Brands CEO Lawrence MacDougall, left, and chief financial officer Funke Ighodaro, right, at the company’s interim results presentation at the JSE in Sandton on Tuesday. Picture: FREDDY MAVUNDA
3 hour(s) ago

The company predicts dire drought-induced inflation will force people to eat smaller portions of staple foods

Retail & Consumer

SABMiller buyout deal gets conditional European consent

Anheuser-Busch InBev and SABMiller branded beers. Picture: BLOOMBERG/HALDEN KROG
14 hour(s) ago

The clearance is conditional on AB InBev selling practically the entire SABMiller beer business in Europe

Healthcare

Ascendis’s new ‘make or break’ acquisitions hailed as transformative

Picture: THINKSTOCK
3 hour(s) ago

Healthcare conglomerate Ascendis brings under its wing generic drug maker Remedica Holdings and sports nutrition company Scitec International

Picture: THINKSTOCK

Africa does not have just one tale to tell

Africa presents a paradox of risk and opportunity; of weak infrastructure coupled with bounding innovation, writes Morne Mostert

National

Report on Tongaat Mall heads for prosecutors

A view of the mall under construction that collapsed in Tongaat, KwaZulu-Natal, last week. Picture: REUTERS
3 hour(s) ago

The commission into the collapse of the Tongaat Mall finds noncompliance in the supervision of construction, failure to get approval for plans and the use of defective materials

Europe

Refugee tent city in clean-up operation

DISPLACED:  Refugees put their belongings in the buses during a police operation at the makeshift refugee camp near the town of Idomeni. Greece started the transporting refugees to new accommodation on Tuesday. Picture: EPA/GEORGI LICOVSKI
3 hour(s) ago

Police send more than 1,500 people from a makeshift camp on the Macedonian border to a newly opened shelter near Greece’s second city

Asia-Pacific

Japan on high alert for G-7 summit

Canadan Prime Minister Justin Trudeau (left) and his wife, Sophie Gregoire-Trudeau, visit the Meiji Shrine ahead of the Ise-Shima G-7 summit this week. Picture: REUTERS/ISSEI KATO
3 hour(s) ago

An unprecedented 70,000 police have been deployed ahead of this year’s Group of Seven summit as thousands more head to Hiroshima for Barack Obama’s historic visit

Europe

IMF urges wider French job reforms despite latest unpopular changes

Cars queue to get petrol in Saint-Sebastien-sur-Loire near Nantes, France, on Tuesday, after delivery trucks  joined a strike over changes to the country's labour laws. Picture: REUTERS/STEPHANE MAHE
3 hour(s) ago

The IMF’s warning comes as President Francois Hollande’s government squares off with unions striking across the country over plans to make hiring and firing easier

African News

Kenya’s central bank expects GDP growth rise

Picture: THINKSTOCK
3 hour(s) ago

The central bank expects stronger growth after the African state’s agricultural sector improves and on better prospects for its neighbours

Europe

Police search Google office for tax fraud clues

Picture: AFP PHOTO/EMMANUEL DUNAND
3 hour(s) ago

French authorities believe the US internet giant owes €1.6bn in back taxes, a source says

Europe

Swift to launch a new security plan after spate of cyber heists

Picture: iSTOCK
3 hour(s) ago

The messaging service that underpins international banking scrambles to redeem itself as the industry loses faith

Europe

Unions expect Nokia to pare down 15,000 jobs

Picture: REUTERS
3 hour(s) ago

Nokia holds talks with employee representatives in about 30 countries as it targets cuts of €900m by 2018

Education

School repairs set to cost R175m

The town of Vuwani in Limpopo has been declared a disaster area in the wake of 21 torched and vandalised schools. Picture: SOWETAN
3 hour(s) ago

It remains unclear when schooling in Vuwani will return to normal as emergency plan sees mobile units arrive for up to 60,000 learners but some teachers are too afraid to return to work

Transport & Tourism

Hoteliers upbeat on revival of SA tourism

Tourism Minister Derek Hanekom. Picture: SOWETAN
3 hour(s) ago

South Africa's tourism minister says most of the challenges that led to the sector contracting in 2015 are largely gone

Management

Adcorp to tap international capital markets

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

SA’s largest and only listed labour broker reports a 15.3% drop in annual profit as amendments to labour law hit volumes more than expected

Companies

Tradehold UK, Africa plan pays off

Christo Wiese. Picture: FINANCIAL MAIL
3 hour(s) ago

Retail magnate Christo Wiese’s offshore investment holding company achieves 20% growth in its headline earnings per share

Retail & Consumer

Richemont pursues control of Italy luxury jeweller Buccellati

A watchmaker opens a watch at a Buccellati workshop in Chiasso, Switzerland. Picture: REUTERS/DENIS BALIBOUSE
3 hour(s) ago

Cartier owner Richemont in exclusive talks to buy controlling stake in Italian jeweller Buccellati from domestic private equity firm Clessidra, sources say

Mining

Fourth De Beers sale shows demand for gems continues to improve

Picture: THINKSTOCK
3 hour(s) ago

De Beers completes fourth offering of rough diamonds this year, signalling stronger-than-expected demand during what is usually a weaker quarter

National

Police budget used to buy Zuma’s wives 10 vehicles

South African president Jacob  Zuma  poses for photographs with three of his wives, Sizakele Khumalo (R) Nompumelo Ntuli (L) Thobeka Mabhija (2-L) in this file photo. Pic: ESA ALEXANDER/SUNDAY TIMES
21 hour(s) ago

Nhleko says the vehicles, worth R9m, were bought between 2013 and 2016, to ensure the women’s protection

Companies

IDC met Oakbay Resources parties before offering the Gupta-owned firm a loan

Geoffrey Qhena. Picture: SUPPLIED
20 hour(s) ago

All meetings with officials, executives and shareholders of Oakbay Resources took place at offices of IDC, not at Gupta’s home, IDC CEO Geoffrey Qhena says

View more

Cartoons

Sihle Magubane is the founder and owner of coffee company, Sihle’s Brew. It is SA’s first individually black-owned coffee brand. Picture: SUPPLIED

Passion filters into local coffee brand

Sihle Magubane decided to make his own opportunities, and now shows other young people how, writes Nce Mkhize

Arts & Entertainment

SA wins 34th gold medal at Chelsea Flower Show

Part of the Kirstenbosch National Botanical Garden exhibition at this year’s Chelsea Flower Show, run by the UK’s Royal Horticultural Society. Picture: KIRSTENBOSCH NATIONAL BOTANICAL GARDEN
12 hour(s) ago

Stunning Kogelberg showcase earns SA yet another gold medal at London’s Chelsea Flower Show

Americas

Twitter drops photos, videos from 140-character limit

Picture: REUTERS
13 hour(s) ago

The company wants to simplify its product to attract new users

Opinion

THE POINT: New student body grows entrepreneurship

Picture: THE TIMES

Nonprofit Student Business Council wants to bridge academic and practical know-how for aspiring young entrepreneurs

ON TRACK: Novak Djokovic celebrates after winning his first round match against Taiwan’s Lu Yen-Hsun in Paris on Tuesday. Picture: AFP

Djokovic cruises, Murray recovers

Serb targets first title victory at French Open

Other Sport

Rosberg aims for another streak

Mercedes Formula One driver Nico Rosberg of Germany reacts after winning the Monaco F1 Grand Prix in Monaco May 24, 2015. Picture: REUTERS/ROBERT PRATTA
4 hour(s) ago

Only triple world champion Ayrton Senna has won more than three Formula One championships in a row, but Rosberg is on the cusp of stepping up alongside late Senna

Soccer

Spotlight back on players for expanded Euros

STRIKE FORCE: Harry Kane, left, celebrates with Jamie Vardy after scoring for England in a friendly against Turkey. England will be pinning their hopes on the two strikers for a first trophy in 50 years. Picture: REUTERS/DARREN STAPLES
4 hour(s) ago

Unfamiliar qualifiers will be hoping to show their mettle at an event criticised by some as substituting quality for quantity

Soccer

Big clubs keen to sign Mncwango

Picture: THINKSTOCK
4 hour(s) ago

The Polokwane City striker has caught the eye of Gauteng club managers this season

Other Sport

Malinga ready to fight Whiteboy

Vus’umuzi Malinga. Picture: SOWETAN
4 hour(s) ago

Patrick "Hammer" Malinga, who has fought 181 rounds in 40 bouts, will welcome Capetonian Ashton Whiteboy for vacant WBA Pan African belt

Other Sport

Mamabolo vows to lead the local challenge at Comrades

Ludwick Mamabolo enters Kingsmead stadium in Durban in second place behind Bongmusa Mthembu in the 2014 Comrades Marathon. Picture: GALLO IMAGES
4 hour(s) ago

Sunday’s 91st edition will see the past four winners square up against each other

Soccer

Mbombela within reach of fantastic feat

Bednog Manyike of Mbombela United. Picture: SYDNEY MAHLANGU/BACKPAGEPIX
4 hour(s) ago

National First Division rookies Mbombela United are on course to repeat the fairy-tale story of Chippa United

Soccer

Cantona: Mourinho not right for United

DEFENSIVE: Jose Mourinho leaves his London home on Tuesday confronted by the media. Picture: REUTERS
4 hour(s) ago

Club great Eric Cantona says incoming Manchester City boss Pep Guardiola would have been a better pick

Soccer

Mosimane welcomes re-entry to Caf event

Pitso Mosimane attends the Absa Premiership Player and Coach of the month prize giving for March and April 2016 in Johannesburg on Thursday. Picture: GALLO IMAGES/SYDNEY SESHIBEDI
4 hour(s) ago

Mamelodi Sundowns coach Pitso Mosimane expresses delight after the club is reinstated to the Caf Champions League

Opinion

League’s playoffs for top flight have too few payoffs

It helps that this is an Olympic year and PSL will kickoff later than usual, but still, whoever wins the playoffs will have less time to recharge the old batteries

Standard Bank

JSE Sens

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The Third Umpire

Chief electoral officer Mosotho Moepya’s concession in the Constitutional Court that he may have “misconstrued” the IEC’s legal obligations is a far cry from his obstinacy of the past several months.

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SABC chairman Mbulaheni Maguvhe, for failing to end chief operating officer Hlaudi Motsoeneng’s employment despite a court dismissing his application for leave to appeal against a ruling setting aside his appointment

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PIC CEO Daniel Matjila. The role the state pension fund administrator is playing in compiling a consortium of black investors to buy control of Absa is far better than putting pensioners’ money on the line for political ends

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