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Economy

Activity in manufacturing sector improves slightly

Picture: THINKSTOCK
42 minute(s) ago

Bureau for Economic Research purchasing managers index rises in June, but economist says sector ‘remains under pressure’

Europe

Tsipras offers conditional green light to bail-out, but creditors sceptical

Alexis Tsipras. Picture: REUTERS/YANNIS BEHRAKIS
7 minute(s) ago

Greek prime minister writes to international creditors saying Greece could accept bail-out offer if several conditions are changed, but Germany says letter is too late

Industrials

Producers to ask state for power guarantees as blackouts harm chickens

Picture: MARIANNE SCHWANKHART
2 hour(s) ago

Chicken producers will ask government to help them guarantee electricity supply to nation’s biggest abattoirs as frequent power cuts harm birds’ welfare, create health risks

Americas

Cuba eliminates mother-to-child HIV transmission

Picture: THINKSTOCK
1 hour(s) ago

South American country becomes first to win World Health Organisation certification for eliminating mother-to-child transmission of HIV, syphilis

Telecoms & Technology

Stringent terms for Vodacom-Neotel merger

Tembinkosi Bonakele. Picture: FINANCIAL MAIL
6 hour(s) ago

Conditions cover black economic empowerment stake and infrastructure investment

Mining

STOCKWATCH: Assore shares drop after warning of drop in earnings

Rio Tinto’s Hamersley Iron ship is loaded with iron ore in Western Australia in this undated company handout photo. Picture: BLOOMBERG
57 minute(s) ago

Shares in mining company slide to 10-year lows after it announces it expects more than 50% decline in full-year headline earnings

National

Nhleko offers new Nkandla scapegoat

UNDER A CLOUD: President Jacob Zuma's homestead in Nkandla. Picture: SUNDAY TIMES
6 hour(s) ago

Latest claim states bulk of the spending on Nkandla was on 21 houses built outside Jacob Zuma’s property for police and military personnel

Picture: THINKSTOCK

Nudging individuals to save more

Behavioural economics is shaping pensions, writes Tim Harford

Columnists

Michel Pireu: Steen Jakobsen, chief economist at Saxo Bank, says taking a six-month holiday from the market looks like good advice

STREET DOGS: Just like before

Opinion & Analysis

Gideon Rachman promo

The European Union has become its own enemy, trampling on the will of the people, writes Gideon Rachman

Greece crumbles, European dream sinks

Americas

US upsets Shell’s Arctic drilling plans

The logo of Shell is pictured at the 26th World Gas Conference in Paris. Picture: REUTERS/BENOIT TESSIER
1 hour(s) ago

Obama administration says established walrus, polar bear protections prevent Royal Dutch Shell from drilling with two rigs simultaneously at close range as planned

Transport & Tourism

SAA watches costs as it seeks more wide-body planes

SAA. Picture: GALLO IMAGES/ALON SKUY
7 hour(s) ago

SAA says it is in the market for eight to 10 wide-body aircraft for its long-haul flights but needs ‘medium-term’ plan to acquire the planes because buying them new is not ‘financially viable’

Transport & Tourism

Uber accuses Cape Town law enforcement of targeting its drivers

Picture: BLOOMBERG/ANDREW HARRER
7 hour(s) ago

Uber says impoundings of vehicles escalated last weekend, at a time when demand for the service usually peaks

Financial Services

Investec plans to spread chief duties

Investec. Picture: MARTIN RHODES
6 hour(s) ago

Investec’ s board approves plan that will see group CEO Stephen Koseff and MD Bernard Kantor delegate more of their operational responsibilities — perhaps a sign that group is preparing for their departure

Electrical engineer Herman Mphaphuli, CEO of engineering company Mphaphuli Consulting. He has worked out a way to get municipalities’ permission to use their budgets for electrifying houses in advance. Picture: FREDDY MAVUNDA

Engineer’s innovation gives power to rural people

Electrification of rural communities isn’t difficult technically, but politics and money hold things back, writes Lesley Stones

Companies

Cold comfort for Shoprite in top court’s ruling on wine licence

Deputy Chief Justice Dikgang Moseneke. Picture: MARTIN RHODES
7 hour(s) ago

By a narrow majority, the Constitutional Court decided a licence to sell wine alongside other groceries was ‘property’ in terms of the Constitution

Mining

Rob Davies looks into platinum special economic zones

Minister of Trade and Industry Rob Davies and Mpact CEO Bruce Strong attend the annual Manufacturing Indaba in Boksburg on Monday. Picture: PUXLEY MAKGATHO
7 hour(s) ago

Platinum-based special economic zones — one in Limpopo and one in North West — under investigation, says Trade and Industry Minister Rob Davies

National

Gigaba vows immigration policy overhaul to meet economic goals

Home Affairs Minister Malusi Gigaba. Picture: TREVOR SAMSON
7 hour(s) ago

SA’s ‘outdated’ immigration laws will undergo an overhaul to accommodate economic migrants, among other changes

Labour

Fall in turnover leads to loss of 44,000 jobs in first quarter

A group of men sit along a road looking for work. Picture: SUNDAY TIMES
1 day(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

Energy

Oando sells downstream assets for $461.3m to ease net debt

Picture: THINKSTOCK
6 hour(s) ago

Sold downstream assets include Oando Marketing, a fuel retailing business with more than 400 outlets in Nigeria, Ghana and Togo among others

African News

Burundi closes border to stem rising flood of people trying to flee

A woman casts her vote at a polling station in Kinama neighbourhood during a parliamentary election near Bujumbura, in Burundi. Picture: REUTERS/PAULO NUNES DOS SANTOS
7 hour(s) ago

Since political turmoil began in April, 144,000 people have fled, with a surge in numbers ahead of election

Labour

Fall in turnover leads to loss of 44,000 jobs in first quarter

A group of men sit along a road looking for work. Picture: SUNDAY TIMES
1 day(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

National

Mpshe denies delaying Zuma prosecution

Mokotedi Mpshe, former acting director of public prosecutions. Picture: SOWETAN
6 hour(s) ago

Former acting head of NPA Mokotedi Mpshe says decision to delay prosecution of President Jacob Zuma in 2007 was made by former Scorpions head Leonard McCarthy

Economy

Strong vehicle exports boost trade balance

READY TO GO: Mercedes-Benz vehicles at East London Harbour awaiting export. Picture: DAILY DISPATCH
6 hour(s) ago

Surprise surplus of R5bn — after a revised shortfall of R1.4bn in April — helps strengthen rand

Americas

Obama takes time to enjoy ‘gratifying’ week

People along 5th Avenue during the annual 2015 New York City Pride March in Manhattan, USA, on June 28 2015. Gay and lesbian couples in the US have a constitutional right to marry in all 50 states, the Supreme Court ruled on June 26 2015. Gay rights activists and US President Barack Obama declared it 'a victory for America'. Picture: EPA/JOHN TAGGART
4 hour(s) ago

Legalisation of gay marriage, healthcare law, Congress passing legislation crucial to Pacific trade pact make for momentous week for President Barack Obama

Asia-Pacific

China vows to halt CO² emissions rise by 2030

Picture: THINKSTOCK
7 hour(s) ago

China formally committed to halting the rise in its emissions within the next 15 years

Politics

ANC and Ses’khona bury the hatchet

Andile Lili (left). Picture: ESA ALEXANDER / SUNDAY TIMES
7 hour(s) ago

Improved relations follow election of leader of Ses’khona People’s Rights Movement to serve on the party’s provincial executive committee

Mining

Platinum nears record run of consecutive losses

Heaps of platinum ore ahead of the concentration process. Picture: SUNDAY TIMES
6 hour(s) ago

Platinum heads for longest run of quarterly losses in 18 years amid concern that demand is waning just as mine supply rebounds

Europe

Davis’s X2 turns its focus to Rio Tinto coal

Mick Davis. Picture: BLOOMBERG
6 hour(s) ago

Former Xstrata boss under pressure to find deal to invest $5.6bn fund, writes Silvia Antonioli

Mining

Poor mining districts benefit from R18bn projects

Platinum miners queue to undergo essential medical and safety procedures at the Wonderkop mines in Marikana Rustenburg on Wednesday, after a five-month long strike. Picture: AFP PHOTO/MUJAHID SAFODIEN
7 hour(s) ago

President Jacob Zuma says R18bn has been ‘dedicated to ongoing work’ since an interministerial committee for the revitalisation of distressed mining communities was established in 2012

Other Sport

Federer and Nadal advance

GO DAD: Roger Federer of Switzerland hits a return to Lukas Lacko of Slovakia during their men’s singles match at the French Open tennis tournament at the Roland Garros Stadium in Paris on Sunday. Picture: REUTERS
7 hour(s) ago

With the mercury soaring to 30°C Roger Federer and Rafael Nadal, the 2008 and 2010 winner, race into the Wimbledon second round

African News

Tunisian gun attacker was in contact with Libyan militants

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
7 hour(s) ago

British police launch counter-terrorism exercise days after tourists gunned down on Tunisian beach

Archbishop Thabo Makgoba teaches a course on spiritual leadership at the University of Cape Town Graduate School of Business. Picture: SOWETAN

How purpose can profit business

The world of work must be aligned with spiritual realities, writes Walter Baets

Management

The big boss evolution — leading in a tougher world

Picture: THINKSTOCK
7 hour(s) ago

Leadership Platform’s Adriaan Groenewald believes the ‘trust deficit’ is growing everywhere because people are so well informed today, writes Sue Grant-Marshall

Management

Seven ways to handle layoffs

Picture: TONY CENICOLA/THE NEW YORK TIMES
36 minute(s) ago

Dismissing an employee is one of the most unpleasant tasks of management, but there are ways to manage the process in a way that is clear and respectful

Education

Machel speaks from the heart to inspire students

Graca  Machel. Picture: SUNDAY TIMES
7 hour(s) ago

Former first lady Graca Machel advises students that future African leaders can be role models for the rest of the world, writes S’duduzo Dludla

Management

Engineer’s innovation gives power to rural people

Electrical engineer Herman Mphaphuli, CEO of engineering company Mphaphuli Consulting. He has worked out a way to get municipalities’ permission to use their budgets for electrifying houses in advance. Picture: FREDDY MAVUNDA
6 hour(s) ago

Electrification of rural communities isn’t difficult technically, but politics and money hold things back, writes Lesley Stones

Camaldine Abraw. Picture: GALLO IMAGES/LEFTY SHIVAMBU

Chiefs snub hearing on Abraw conflict

Celtic refuse to budge on Camaldine Abraw issue as Chiefs football manager Bobby Motaung ducks and dives

Rugby

Japan-bound Mapoe to keep Bok door open

Lionel Mapoe. Picture: GALLO IMAGES/JOHAN PRETORIUS
7 hour(s) ago

Agent confirms dynamo centre Lionel Mapoe coming back for Super Rugby and Boks if called up

Soccer

Uefa tweaks fair play rules to attract investors to European football

7 hour(s) ago

New fair play regime ‘an expansion and a strengthening’ of the rules and will force clubs to give extra information on ownership

Cricket

Johnson Stokes the fires before Ashes

Australia’s left-arm firebrand, Mitchell Johnson, who is expecting a hostile reception from England’s supporters, says he does not enjoy being the pantomime villain but he will deal with it during the Ashes. Picture: GETTY IMAGES/RYAN PIERSE
7 hour(s) ago

Australian fast bowler chomping at the bit to get stuck into the old cricketing enemy at next week’s Ashes Test

Cricket

Bangladesh are as scary as a statistician armed with a calculator

Picture: THINKSTOCK
7 hour(s) ago

There is no quibbling with the fact that Bangladesh have won six of their past seven one-day internationals at home and that they beat real teams — Pakistan and India

Rugby

Rugby’s sevens blossoming, but XVs need rejigging

Bernard Lapasset, chairman of Rugby World Cup, says international rugby’s northern and southern hemisphere competitions could do with a shake-up. Picture: PATRICK BOLGER/GETTY IMAGES
7 hour(s) ago

World Rugby president Bernard Lapasset wants to bring northern and southern hemisphere programmes of the 15-man game closer together

Other Sport

Match brokers urged to cast their nets wide

Picture: THINKSTOCK
7 hour(s) ago

SABC fight coverage will help trainers and managers to negotiate sponsorship deals ‘as broadcasting mileage guaranteed’

Standard Bank

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The Third Umpire

President Jacob Zuma, whose election promise to create millions of new jobs is looking more than a little rash in the light of the latest Stats SA figures, which show the number of discouraged young work seekers doubling.

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Durban High Court judge Esther Steyn, for ordering the demolition of a R60m luxury apartment block after finding that the city rezoned the site illegally. Brace yourselves for the lawsuit, long-suffering ratepayers.

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Departing Edcon CEO Jurgen Schreiber, whose misreading of the market during a tough time for retailers has been blamed for the group’s poor performance and difficulty repaying a €28m coupon that was due yesterday.

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