• Thursday, March 05 2015
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National

Proposal to temporarily cut UIF contributions weighed

Nhlanhla Nene. Picture: TREVOR SAMSON
4 hour(s) ago

Finance minister proposes reducing earnings ceiling against which the 2% levy is calculated, which could release R15bn from the UIF’s financial surplus in a year

Financial Services

Capitec cashes in on African
Bank’s misfortunes

Picture: THE TIMES
8 hour(s) ago

Capitec shares have surprised analysts over past six months with sharp upward trend, outperforming all bigger banks over the period

National

Cape Town fire contained as rain brings welcome relief

A firefighter tries to stop a blaze in Cape Town on March 2 2015. Picture: EPA/NIC BOTHMA
6 hour(s) ago

Fire that has devastated South Peninsula contained, but it could take another week or two to completely douse flames

National

Vulnerable groups regarded as legitimate targets for violence

PERCEIVED THREAT: The ANC’s proposal to tighten immigration controls may increase the vulnerability of migrants, rights groups say. Picture: SOWETAN
9 hour(s) ago

Opportunistic criminals prey on such groups as the government continues to ignore xenophobic violence

Labour

Piotrans replacing striking bus drivers

COMMUTE: Users of the Rea Vaya bus rapid transport service in Soweto. Picture: SOWETAN
4 hour(s) ago

Spokesman Dumisani Mntambo says the firm is hopeful its move to ensure stability of the bus rapid transit system — through firing staff — will see passengers return

Telecoms & Technology

PublicVine ‘disappointed at lack of uptake’ from African content producers

Picture: THINKSTOCK
8 hour(s) ago

Online video content platform is disappointed at lack of uptake from African content producers who are not taking advantage of platform to monetise products

Economy

Petrol price hike of 96c inflationary, says Reserve Bank’s deputy governor

Reserve Bank deputy governor Francois Groepe. Picture: THE HERALD
11 hour(s) ago

The 96c a litre increase in petrol price this month may add ‘approximately 0.6 percentage points’ to inflation, Reserve Bank deputy governor Francois Groepe says

The humanoid robot AILA (Artificial Intelligence Lightweight Android) operates a telephone switchboard for a demonstration by the German Research Centre for Artificial Intelligence at the CeBit computer fair in Hanover in March 2013.  Picture: REUTERS/FABRIZIO BENSCH

Are machines really the call centres of the future?

Even though very smart ‘robots’ are automating more and more processes, there can never be a substitute for human-to-human communication, writes Jed Hewson

Columnists

A VAT hike of as much as 2% is on the cards, the political trade-off will be wealth taxes in some form, writes Hilary Joffe

Look to Davis for hints on where Nene is heading

Columnists

It will be a long, long time before the impact of Hashim Amla and AB de Villiers on the game’s history is eroded, writes Gareth van Onselen

Hashim Amla and AB De Villiers are ODI cricket gods

Asia-Pacific

India’s censor blocks ‘Fifty Shades of Grey’ from cinemas

A film poster for
5 hour(s) ago

Government censors say they will not allow the big-screen adaptation of erotic novel ‘Fifty Shades of Grey’ to be shown in Indian cinemas

National

Oliphant confirms legal services chief’s suspension

Labour Minister Mildred Oliphant. Picture: SUNDAY WORLD
4 hour(s) ago

Nkahloleng Phasha, suspended on full pay for reasons that are still not clear, is one of 16 suspended Department of Labour officials

Retail & Consumer

Competition Commission approves Steinhoff takeover of Pepkor

Markus Jooste. Picture: FINANCIAL MAIL
8 hour(s) ago

Commission says it has recommended that Competition Tribunal approve Steinhoff’s R62.8bn takeover of clothing retailer Pepkor, without conditions

Telecoms & Technology

SA lags as Asia, Europe position themselves to make 5G a reality

Picture: THINKSTOCK
10 hour(s) ago

While operators in SA are still rolling out 3G in certain parts of country, in Europe, key parts of Asia operators are working on 5G — with aims to launch it in five years

Picture: THINKSTOCK

EDITORIAL: Investors daunted by BEE confusion

Issue is another on a growing list of uncertainties that are making investing in SA unattractive

Financial Services

MMI profits rise despite challenging conditions

Nicolaas Kruger, MMI Group CEO addresses the media and analysts in Sandton on Wednesday.
Picture: MARTIN RHODES
12 hour(s) ago

Group reports 13% rise in interim operating profit to R1.5bn compared with year-earlier period, despite ‘economically challenging, highly competitive conditions’

African News

Former allies sue Mugabe, Zanu (PF) for breaching rules

Zimbabwean President Robert Mugabe. Picture: SUNDAY TIMES
11 hour(s) ago

Two former allies of Zimbabwean President Robert Mugabe whom he fired last year are suing him and his party for unfair dismissal and breaching party’s constitution

World

Global business activity generally accelerating PMIs

Picture: THINKSTOCK
8 hour(s) ago

Global business activity picked up last month just as central banks loosen monetary policy further to try and drive up stubbornly low inflation and revive moribund economies

Americas

Fraud takes a bite out of Apple Pay

Picture: REUTERS
10 hour(s) ago

Some banks witness growing incidence of fraud on Apple’s mobile-payment service as criminals exploit vulnerabilities

Europe

Standard Chartered rules out share sale as profit plunges 25%

Standard Chartered.  Picture: REUTERS/BOBBY YIP
10 hour(s) ago

Standard Chartered vows to cut costs and shrink its loan book in an effort to quell concerns about its capital strength

Europe

Areva nuclear group announces €4.8bn loss

The headquarters of France's nuclear group Areva. Picture: AFP
12 hour(s) ago

French nuclear group confirms record net losses in 2014 after it is forced to absorb costs linked to project delays

Economy

Operating conditions at private companies stabilise in February, PMI shows

Picture: THINKSTOCK
13 hour(s) ago

Seasonally adjusted HSBC/Markit whole economy PMI rises from 49.8 in January to 50 last month as output levels increase

Industrials

Toyota SA CEO Johan van Zyl appointed head of European operations

Picture: REUTERS
12 hour(s) ago

Van Zyl will take on his added responsibilities on April 1, as president and CEO of Toyota Motors Europe, but will remain in charge of South African company and African region

Middle East

Netanyahu says he gave ‘practical alternative’ to Iran deal

Israel's Prime Minister Benjamin Netanyahu addresses a joint session of the US Congress on Tuesday at the US Capitol in Washington. Picture: AFP
10 hour(s) ago

Israeli Prime Minister Benjamin Netanyahu voices satisfaction that he has made his own message heard around the world

Europe

Western leaders hint at more Russian sanctions over Ukraine

US President Barack Obama makes a statement to the press after a meeting in the Oval Office of the White House on Tuesday in Washington. Picture: AFP
12 hour(s) ago

Leaders warn Russia they are ready to step up sanctions if there are further violations of ceasefire agreement in Ukraine

Industrials

Mpact says year ended December a ‘successful’ one despite challenges

Mpact CEO Bruce Strong at the company's listing on the JSE in July 2011.  Picture: MARTIN RHODES
12 hour(s) ago

Mpact reports 11.9% rise in annual revenue to R8.6bn, with group ‘confident in strategy, well-established market positions and ability to generate shareholder returns’

Americas

Democrats, State Department defend Hillary Clinton over e-mail flap

Hillary Clinton. Picture: BLOOMBERG/NOAH BERGER
12 hour(s) ago

Democrats scramble to contain fallout for Hillary Clinton, their favoured 2016 presidential candidate, after allegations she inappropriately used her personal e-mail for work while secretary of state

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Cartoons

That rear simply screams high-performance.

GALLERY: Showstoppers at Geneva Motor Show

There is a great deal to be seen at the 85th Geneva Motor Show, the first European-based automotive exhibition on the calendar this year

Gadgets & Gear

Facebook now pretty much ubiquitous among SA students

Facebook. Picture: REUTERS
1 day(s) ago

According to new research from World Wide Worx and Student Brands, just 3% of students in SA aren’t active on world’s most popular social network, writes Stuart Thomas

Books

Barbara Nadel’s Istanbul thriller is page-turning fun

Picture: THINKSTOCK
4 hour(s) ago

Land of the Blind continues Inspector Ìkmen escapades and uses the Gezi Park protests to join the argument against the development of Istanbul’s ancient heritage

Management

Local businesses need to embrace spirit of ubuntu

Police officers stroll away from a crowd looting a shop belonging to a foreigner in White City, Soweto, in January. Instead of turning a blind eye to xenophobic attacks and focusing on the practices of foreigners, the government and black business organisations should launch more programmes to foster co-operation. Picture: THE TIMES/ALON SKUY
17 hour(s) ago

State’s support should be for issues firms are willing to collaborate on, and not only those it deems important, writes Stephen Timm

Management

For career success, you need to look the part

WELL SUITED: Leonardo Di Caprio as Jordan Belfort in Martin Scorsese's The Wolf of Wall Street (2013), based on the true story of the rise and fall of a stockbroker on New York's Wall Street
17 hour(s) ago

New research suggests leaders in certain fields being selected in part because their face fits the stereotype of their profession, writes Ashley Potter

Matthew Rusike of Kaizer Chiefs tries to dribble past Moswate Obonye of Township Rollers during their recent Champions League first-leg match at FNB Stadium. Picture: SOWETAN/ANTONIO MUCHAVE

Amakhosi ‘must regain winning ways’

De Sa believes Ajax could get something out of Amakhosi, especially if the Soweto side let their guard down

Cricket

Afghanistan not prepared to roll over for Australians

Afghanistan's captain Mohammad Nabi speaks at a press conference ahead of the 2015 Cricket World Cup Pool A match between Australia and Afghanistan in Perth on Tuesday. Picture: AFP PHOTO/GREG WOOD
17 hour(s) ago

Team provides one of the most compelling stories of this World Cup, with a thrilling one-wicket win over Scotland

Cricket

Proteas focus on Saturday’s match, says De Villiers

SA batsman Faf Du Plessis jumps after a fielder’s throw during the World Cup match against Ireland, at the Manuka Oval in Canberra, Australia, on Tuesday. Du Plessis scored a century. Picture: EPA/MICK TSIKAS
17 hour(s) ago

Behind AB De Villiers and his team lies the 201-run hammering of Ireland at Manuka Oval in Canberra. Ahead of them is the Pakistan match

Opinion

Bafana legend Moshoeu becomes latest victim of irresponsible Twitter hoax

Brazen recklessness of death tweets were hugely convincing

Markets

Economy

Life

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Multimedia

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The Third Umpire

Outgoing Namibian President Hifikepunye Pohamba, who has been awarded the Mo Ibrahim Foundation’s $5m African leadership prize, the first time this coveted gong has been awarded in the past three years.

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Economic Development Minister Ebrahim Patel. The 100MW solar power plant he opened near Pofadder on Monday may not mean much in terms of SA’s generation capacity, but it is the way of the future.

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Cape Town’s firefighters, many of them volunteers, who have been putting their lives on the line for the past three days to battle one of the worst wildfires ever to afflict the peninsula. Give those men (and women) a Bells.

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