• Wednesday, September 17 2014

Retail & Consumer

Strong euro knocks Richemont

A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture: BLOOMBERG
2 hour(s) ago

Luxury goods maker says low growth in Europe, decreases in Asia-Pacific region, Japan offset strong performance in Middle East, US markets

Mining

RBPlat completes first-stage of housing project

Royal Bafokeng Platinum CEO Steve Phiri. Picture: SUNDAY TIMES
7 hour(s) ago

Royal Bafokeng Platinum housing strategy may serve as model for other mining companies to meet long-standing demand from National Union of Mineworkers

Health

Complementary medicine rules revised

Picture: THINKSTOCK
7 hour(s) ago

After industry pressure, Department of Health is proposing changes to some controversial regulations introduced last year, which may allow greater number of products to stay on market

National

ANC defeats Mbete no confidence motion after opposition walkout

Democratic Alliance parliamentary leader Mmusi Maimane Mmusi Maimane starts the debate on the vote of no confidence in National Assembly Speaker Baleka Mbete on Tuesday.  Picture: TREVOR SAMSON
16 hour(s) ago

Insult-laden debate ends in walkout by opposition parties looking to bring vote of no confidence in National Assembly Speaker Baleka Mbete

Health

Dagga for cancer sufferers gets its day

IFP MP Mario Oriani-Ambrosini in the study of his Hout Bay, Cape Town, home.  Oriani-Ambrosini has died after a long battle with cancer. Picture: SUNDAY TIMES
7 hour(s) ago

Oriani-Ambrosini’s dying wish now with the National Assembly, writes Tamar Kahn

Mining

De Beers’ model aims to boost sector credit

De Beers CEO Philippe Mellier.  Picture: SIMON DAWSON/BLOOMBERG
7 hour(s) ago

Company says it has developed model to underpin economic base of cutting, polishing and jewellery making segment of diamond industry

Energy

Minister urges LPG to capitalise on energy trade

Tina Joemat-Pettersson. Picture: GCIS
8 hour(s) ago

Liquid petroleum gas, seen by some as ‘middle-class fuel’, can play a significant role in alleviating the country’s energy constraints, says energy minister

Europe

NEWS ANALYSIS: Brown pulls out all the stops in trying to avoid a Scottish secession

ARDENT: Former British Labour prime minister Gordon Brown addresses pro-union supporters in Glasgow on September 9 ahead of Scotland’s independence referendum. Britain's three main political parties united on Tuesday to promise greater powers for Scotland if it rejects independence in next week's referendum, in a last-ditch attempt to head off growing separatist support. Picture: AFP
7 hour(s) ago

For many English, Scotsman and former Labour prime minister Gordon Brown is an unlikely hero, writes Alistair Smout

Opinion & Analysis

Black youth dynamics not clearly understood

Picture: THINKSTOCK
7 hour(s) ago

Xhanti Payi: We have to do more to change the dynamics and environment we depend on to produce black skilled young people. Transformation in corporate SA is critical

Picture: THINKSTOCK

Difficult to know ‘how many killed in collapse of TB Joshua guest house’

Presidential spokesman Mac Maharaj says number of South Africans killed in building collapse in Nigeria is based on information from friends, family of victims

Columnists

Politicians and activists are not representing us well when they slur instead of speak, writes Steven Friedman

Preference for insult over argument will damage SA’s democracy

Columnists

Leon Louw promo

Even some usually sober ‘legal experts’, who should be explaining the judicial process, have been sucked in, writes Leon Louw

Ignorance fuels feeding frenzy over Pistorius

Politics

Holomisa calls for inquiry into Mbete’s BEE dealings

LEND AN EAR: National Assembly Speaker Baleka Mbete addresses supporters before  a debate of  no confidence in her outside Parliament in Cape Town on Tuesday. Picture:TREVOR SAMSON
7 hour(s) ago

UDM leader will ask for inquiry into role of Baleka Mbete in controversial Invictus Gold-Gold Fields BEE deal

Arts & Entertainment

Irma Stern’s $3.7m works up for sale at Bonhams

Irma Stern's 'Gladioli'. Picture: SUPPLIED
35 minute(s) ago

Bonhams London will auction eleven paintings with combined estimated value of $3.7m during its biannual South African sale

Energy

Focus on Medupi delays Kusile project

Colin Matjila. Picture: TREVOR SAMSON
6 hour(s) ago

Eskom needs to urgently bring more units at Medupi and Kusile on line and to connect independent power producers to the grid

Telecoms & Technology

MTN SA boss sees no way round cuts

LEANER: MTN SA CEO Ahmad Farroukh, who headed the Nigerian operation when it underwent a restructuring similar to the one MTN SA faces, talks to Business Day on Tuesday. Picture: MARTIN RHODES
7 hour(s) ago

Firm needs to return to earlier growth and margins, says CEO

Media

Minister defends SABC chairwoman over qualifications

Zandile Tshabalala, right.  Picture: PUXLEY MAKGATHO
7 hour(s) ago

Communications Minister Faith Muthambi says it is unfair to ask SABC chairwoman Zandile Tshabalala about her qualifications as due process is still to be followed

Picture: FINANCIAL MAIL

EDITORIAL: Skills crisis needs more than money

Political will and a change of mind-set at the top are required to properly address the skills crisis in South Africa

National

Cooler temperatures over weekend

Picture: THINKSTOCK
2 hour(s) ago

Cooler temperatures expected in Gauteng and other parts of the country over the coming weekend

Healthcare

Exclusivity of Aspen’s Mylan deal gets nod from watchdog

Picture: THINKSTOCK
20 hour(s) ago

Commission finds no evidence of anticompetitive conduct from exclusive supply agreements between Aspen Pharmacare, Mylan Inc and its affiliates

Economy

OECD releases first set of measures to fight erosion of tax bases

Picture: THINKSTOCK
7 hour(s) ago

ax experts warn proposals will have significant effect on the international tax system, including that of SA

Mining

Petra sells rare blue diamond for $27.6m

The 232-carat white diamond, worth as much as $20m, discovered by Petra Diamonds at its Cullinan mine, east of Pretoria. PICTURE: PETRA DIAMONDS
5 hour(s) ago

Revenue from diamond auctions could accelerate dividend payments and fund Petra’s capital expenditure

Industrials

Denel and Aerosud sign agreement with Airbus

Airbus Military's A400M military transport aircraft. Picture: AIRBUS
7 hour(s) ago

Agreement between Airbus, Denel Aerostructures and Aerosud Aviation aimed at increasing SA’s competitiveness in aerospace manufacturing industry

Europe

Ukraine ceasefire under threat

Petro Poroshenko. Picture: AFP PHOTO
7 hour(s) ago

Ukrainian legislators approve law giving special status to country’s two easternmost regions as ceasefire comes under threat

National

Lonmin ‘pleaded poverty but paid dividends’

Judge Ian Farlam addresses a witness during the Marikana commission of inquiry. Picture: DANIEL BORN
7 hour(s) ago

Mining company continued paying out dividends to shareholders — despite pleading that it had no money to fulfil its legal obligation to build houses for employees

Retail & Consumer

Clover down on ‘constrained environment’

Clover CE Johann Vorster. Picture: ARNOLD PRONTO
5 hour(s) ago

The full recovery of higher input costs, like a roughly R50m increase in the costs of raw milk, could not immediately be passed on to consumers

National

Tshwane ‘will help township businesses’

Tshwane mayor Kgosientso Ramokgopa at the Tshwane township revitalisation summit in Pretoria on Tuesday. Picture: PUXLEY MAKGATHO
7 hour(s) ago

Mayor Kgosientso Ramokgopa tells small business owners the municipality will prioritise their businesses in the procurement of goods and services

National

Ipid backs NPA's decision not to prosecute Riah Phiyega

National police commissioner Riah Phiyega. Picture: PUXLEY MAKGATHO
2 hour(s) ago

Independent Police Investigative Directorate conducted independent investigation into allegations that Gen Phiyega defeated the ends of justice

Financial Services

FirstRand takes sector lead despite lagging Africa growth

Emilio Pera, lead finance director at EY. Picture: FINANCIAL MAIL
5 hour(s) ago

FirstRand ahead of Standard Bank, Barclays Africa and Nedbank with R9.9bn in headline earnings for the first half of 2014

National

Presidential library to be established in honour of Thabo Mbeki

Former president Thabo Mbeki. Picture: THE TIMES
17 hour(s) ago

The presidential library will be the first of its kind on the continent, writes Setumo Stone

Mining

Anxious De Beers studies market in second-hand diamonds

SHINE: Diamond buyer Elliot Tannenbaum, from the Leo Schachter Diamond Group, looks at uncut diamonds at De Beers’ offices in London in August this year. Picture: REUTERS
5 hour(s) ago

Expert estimates the recycled diamond market is worth about $1bn

Middle East

World powers ‘must follow rules of war’

WAR TORN: Children carry pieces of the wreckage of a war aircraft that crashed on the outskirts of Raqqa in northeast Syria on Tuesday.  Picture: REUTERS
7 hour(s) ago

UN war crimes investigators for Syria caution world powers preparing military action against Islamic State fighters that ‘laws of war’ will apply to them

Education

Advtech ready for deal-making

Advtech CEO Frank Thompson. Picture: FINANCIAL MAIL
7 hour(s) ago

Private education group looks set to leverage more aggressively off its strong balance sheet after detailing acquisition of Pretoria-based Centurus Colleges for R712m

Europe

Airbus to sell off business units

STRATEGY: A member of staff works on an aircraft on the Eurofighter Typhoon production line at BAE system’s Warton plant near Preston, northern in England on September 7, 2012. Europe’s defence industry is struggling as cash-strapped governments cut back on military spending. Picture: REUTERS
7 hour(s) ago

Company plans to sell half a dozen businesses with combined annual revenues of about €2bn, simplifying its defence and space division to focus on warplanes, missiles, launchers and satellites

Europe

Scotland’s vote worries chase investors out of UK

Scotland votes on whether to split from Britain. Picture: AFP PHOTO/ANDY BUCHANAN
20 hour(s) ago

Uncertainty surrounding outcome of Scottish independence referendum sends investors in British assets heading for exits, according to survey

National

Boughey appointed as CEO of the Democratic Alliance

Democratic Alliance leader Helen Zille speaks at the launch of the party's 'Know Your DA' campaign on Monday.   Picture: TREVOR SAMSON
17 hour(s) ago

Paul Boughey appointed CEO after Jonathan Moakes, who has held the position since 2009, resigned last month to pursue ‘private business interests’

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Cartoons

SWOOPY: The BMW X4 rides lower than its  more sedate sibling, which is useful when cornering.  Picture: QUICKPIC

VRROOM WITH A VIEW: BMW’s dark horse

The X4 proves to be more than a sexed-up version of the X3, with a tighter drive and barely compromised space, writes Alexander Parker

Arts & Entertainment

JAZZ: Spring bounty for jazz lovers

Gwen Ansell promo
7 hour(s) ago

There is a feast of live jazz for music lovers in the month of September, writes Gwen Ansell

Motoring

Supercar owners defy recession

WHEELS:  This year’s Rogue Rally will see plenty of competitive events and a bit of partying. This picture from last year suggests the flavour of the event. Picture: ROGUE RALLY
7 hour(s) ago

Supercar owners across the country have pulled the dust covers off their precious possessions, writes Mark Smyth

READY FOR ACTION: Kaizer Chiefs assistant coach Doctor Khumalo, left, and midfielder Siphiwe Tshabalala chat during the media open day at the Kaizer Chiefs Village on Tuesday. Picture: GALLO IMAGES/DUIF DU TOIT

Chiefs determined to win MTN8 title

Amakhosi face rivals Pirates and the pressure is on after not winning silverware last season

Opinion

Even a child can see what’s wrong with boxing in SA

Things have plumbed such embarrassing depths that fans don’t bother to show up even when entry is free

 
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The Third Umpire

Former Lonmin human resources head Barnard Mokwena, who has been forced to concede at the Marikana inquiry that he was wrong to tell police that upstart union Amcu called the 2012 wildcat strike.

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AngloGold Ashanti CEO Srinivasan Venkatakrishnan, who has scrapped a planned $2.1bn rights issue and asset split in the face of strident shareholder opposition. Whether they’re right or wrong, they do pay his salary.

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Water and Sanitation Minister Nomvula Mokonyane, for making headlines by urging ANC members to defend President Jacob Zuma to the bitter end, so to speak, rather than for her achievements in this vital portfolio.

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