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National

NEWS ANALYSIS: Mission is to create narrative justifying Pravin Gordhan’s removal

Pravin Gordhan. Picture:  GCIS
42 minute(s) ago

The finance minister may be fired by Friday, write Carol Paton and Natasha Marrian

National

WATCH IN FULL: Pravin Gordhan vs Justice Malala in tough debate

Finance Minister Pravin Gordhan gestures during a media briefing in Sandton in March. Picture: REUTERS
16 hour(s) ago

Watch the full recording of a heavyweight debate between Finance Minister Pravin Gordhan and political commentator Justice Malala

Business

Business rallies around Gordhan in Hawks standoff

Minister of Finance Pravin Gordhan. Picture: THULI DLAMINI
9 hour(s) ago

Business Leadership SA says ‘if this sinister behaviour is allowed to continue the consequences will be devastating for our economy’

National

EEF calls on Pravin Gordhan to present himself to Hawks

Mbuyiseni Ndlozi. Picture: Picture: SUNDAY TIMES
8 hour(s) ago

National spokesman Mbuyiseni Ndlozi says ‘if he be innocent, which we believe he is, there is nothing the Hawks can do’

Economy

No doubt that economy will grow close to 0% in 2016, Gordhan concedes

Picture: ISTOCK
8 hour(s) ago

But Gordhan insists that there is hope and that boom and busts are part of the economic era

Energy

Guptas’ Tegeta threatens Treasury

Kenneth Brown. Picture: SUNDAY TIMES
36 minute(s) ago

The Gupta company has threatened to interdict the Treasury to keep a possibly damning report on Eskom coal contracts out of the public domain

Law & Constitution

Resources bill is ‘sound on the substantive issues’

Picture: SUNDAY TIMES
38 minute(s) ago

The mineral resources committee reaffirms the disputed bill — including international trade pacts and the inclusion of the mining charter

Industrials

Bidcorp bullish about UK despite Brexit

Bidcorp CEO Bernard Berson blows the traditional horn after his company   listed on the JSE on Monday.   Picture: RICHARD STREVER/  ZOOM PHOTOGRAPHY
40 minute(s) ago

Although the pound has weakened and inflation expectations are higher, consumer confidence remains strong

National

Two former SARS officials Ivan Pillay and Johann van Loggerenberg will meet Hawks

Ivan Pillay. Picture: GCIS
9 hour(s) ago

The pair will be accompanied by Advocate George Bizos and retired Constitutional Court judge Johan Kriegler

Transport & Tourism

Minister Peters calls for Prasa to close Lucky Montana contracts probe

Minister of Transport Dipuo Peters. Picture: TREVOR SAMSON
10 hour(s) ago

DA slams request as a ‘gross abuse of power’ and asks for Peters to be summoned so the country could be briefed on why she has asked that the investigation be withdrawn

Pravin Gordhan. Picture: ALON SKUY/THE TIMES

EDITORIAL: Stand up — or stand down

We must all resist the groundless pursuit of Finance Minister Pravin Gordhan and the transparent attempt to force him out of office

Columnists

Steven Friedman: One of the great myths the election exposed is that corruption is a middle-class hang-up

What the choice of protector will say of the ANC

Columnists

Leon Louw promo

Leon Louw: The creeping conversion of rights into obligations struck its first blow against democracy on Monday when secrecy became obligatory

Will the right to vote become an obligation?

Economy

Lesetja Kganyago points to jobs-wages conundrum

Reserve Bank governor Lesetja Kganyago. Picture: FREDDY MAVUNDA
37 minute(s) ago

The Reserve Bank governor says SA’s central bargaining system maintains lower levels of employment and keeps small business out

Telecoms & Technology

Icasa makes rules on the run, says Telkom CEO Sipho Maseko

Sipho Maseko. Picture: BUSINESS DAY
41 minute(s) ago

Telkom is considering legal action to challenge the Independent Communications Authority of SA's decision to auction radio frequency spectrum licences

National

Academics urge Zuma to intervene in Gordhan matter

Jacob Zuma. Picture: GCIS
8 hour(s) ago

Academics pen an open letter on what they call a ‘dangerous set of events’

National

Trevor Manuel warns: Arrest of Gordhan will ‘destroy this economy’

National Planning Minister Trevor Manuel speaking at a workshop organised by the Southern African Catholic Bishops' Conference on Monday. Picture: TREVOR SAMSON
11 hour(s) ago

Former says it is ridiculous that an 'acting' head of the Hawks is persecuting him on baseless charges

National

Busisiwe Mkhwebane given public protector nod

Busisiwe Mkhwebane. Picture: SUPPLIED
42 minute(s) ago

The former senior investigator at the public protector’s office impresses with her academic qualifications and track record in government

Industrials

Plastics division lifts Transpaco bottom line to outperform peers

Picture: THINKSTOCK
38 minute(s) ago

The packaging group reports 38% increase in its bottom line and promises more acquisitions

Mining

Glencore coal production plunge

Picture: REUTERS
40 minute(s) ago

The decline in Glencore’s coal output adds to concerns over lack of investment or expansions amid price woes

AS IT HAPPENED: Pravin Gordhan debates Justice Malala

Finance Minister Pravin Gordhan debated political commentator Justice Malala on the economy in Cape Town. Ray Hartley live-blogged the action.

National

Hawks accuse Pravin Gordhan of corruption

Pravin Gordhan. Picture: THE TIMES
9 hour(s) ago

The Hawks allege that he violated the Public Finance Management Act

Industrials

Murray & Roberts to sell infrastructure and building businesses

Henry Laas. Picture: ARNOLD PRONTO
12 hour(s) ago

M&R’s long-term strategy is to focus on the global natural resources markets, CEO Henry Laas says

Mining

Harmony Gold turns predator on deal hunt to fill output gap

Peter Steenkamp. Picture: MARTIN RHODES
13 hour(s) ago

With company likely to lose about 40% of production over next six years due to mines reaching end of lives, big acquisition a necessity, says CEO Peter Steenkamp

Markets

Rand stabilises at weaker levels after shock announcement by Hawks

13 hour(s) ago

At the same time, the recent strength in the rand was overextended and not supported by fundamental data, Sanlam Private Clients’ Gerhard Lampen says

Energy

Applications for site licences for nuclear plants are legal, Eskom says

INDUSTRIAL ACTION:  The Pelindaba nuclear reactor plant near Pretoria. Necsa employees are poised to go on strike. Picture: THE TIMES
12 hour(s) ago

Lobby organisation Outa says Eskom’s application has been ‘suspiciously hidden in provincial gazettes and limited newspapers’

National

SIU will probe alleged corruption in two Limpopo municipalities

President Jacob Zuma. Picture:  REUTERS/SIPHIWE SIBEKO
14 hour(s) ago

President Jacob Zuma had authorised the SIU to investigate the affairs of the Greater Sekhukhune District Municipality and Elias Motsoaledi Local Municipality

National

Unqualified audits for Gauteng health and fleet management

Gauteng Premier David Makhura. Picture: FREDDY MAVUNDA
16 hour(s) ago

A change of leadership at fleet management was said to be behind its success, while the health department benefited from an intervention plan

Law & Constitution

Complaint against Hlophe must now be concluded, Constitutional Court orders

John Hlophe. Picture: TREVOR SAMSON
16 hour(s) ago

2008 complaint against Western Cape Judge President John Hlophe by then-justices of the Constitutional Court rocked judiciary and divided the legal fraternity

Energy

Nersa may appeal against court’s dismissal of price hike

Electricity pylons at an Eskom coal-burning power station near Sasolburg. Picture: REUTERS/SIPHIWE SIBEKO
16 hour(s) ago

The National Energy Regulator of SA’s electricity subcommittee believes the judge considered points that were irrelevant when making the judgment

Industrials

PPC prices R4bn rights issue at R4 a share

Picture: THINKSTOCK
11 hour(s) ago

PPC plans to raise the money to reduce debt levels and fund existing expansion capital expenditure and investment projects

National

Gordhan will not present himself to the Hawks on Thursday

Pravin Gordhan. Picture: PUXLEY MAKGATHO
13 hour(s) ago

Gordhan’s stance is set to heighten his standoff with President Jacob Zuma, who is believed to be behind the Hawks’ renewed badgering of the finance minister

African Business

Investors sell banking shares as Nigeria suspends nine banks from forex deals

Nigeria Stock Exchange. Picture: REUTERS
13 hour(s) ago

Banking sources say Nigeria’s central bank suspended the lenders for withholding government dollars from the treasury

Education

Protesting students cause turmoil at Eastern Cape university campuses

Protesting NMMU students block the entrance to the university's South Campus on Wednesday.  Picture: HERALDLIVE VIA TWITTER
14 hour(s) ago

Students from Walter Sisulu University’s Butterworth, Mthatha and East London campuses have been arrested for public violence and theft, among other charges

National

Urgent government intervention required at Pollsmoor prison

Cell 33 E2 Section III, Pollsmoor Maximum Security Prison, 2004.  Picture: MIKHAEL SUBOTZKY
12 hour(s) ago

Conditions in most South African prisons have long been under scrutiny amid concerns that they are overcrowded, violent and unsanitary

Europe

Stockpile food in case of attack, Germany tells citizens

Policemen check the identity documents of a man outside the HDI soccer arena after the friendly football match Germany and  the Netherlands was called off for security reasons in Hanover, Germany, on Tuesday. Chancellor Angela Merkel was to attend. Picture: AFP PHOTO/PATRIK STOLLARZ
13 hour(s) ago

Civil defence plan is Germany’s first since end of Cold War in 1995 when security policies were eased in wake of German reunification

African News

Zimbabwe to axe more than 8,000 state employees to cut costs

Picture: FREDDY MAVUNDA
14 hour(s) ago

Wages for Zimbabwe’s civil service absorb more than 80% of government revenue, and the country has missed a deadline to pay arrears of $1.8bn to lenders

National

Improvements but Compensation Fund not yet out of the woods

Vuyo Mafata. Picture: SUNDAY TIMES
16 hour(s) ago

Compensation Fund has been in chaotic financial state for many years, receiving repeated adverse opinions from the auditor general

Markets

Banking index sharply down on fears about Pravin Gordhan’s future

Pravin Gordhan. Picture: THE TIMES
19 hour(s) ago

The rand fell to R14.14 to the dollar on Wednesday morning after news Pravin Gordhan has been ordered to present himself to the Hawks on Thursday morning

View more

Cartoons

Both the UK and SA plan to tax sugary drinks, but Britain’s finance minister has provided far more details. Picture: REUTERS/SUZANNE PLUNKETT

Study appears to vindicate California’s tax on sugary drinks

But the first peer-reviewed research measuring the impact of a tax on sugar consumption acknowledges other factors may also have come into play

Management

Entrepreneur Lumko Mphande is going places — on his bikes

Lumko Mphande delivers a presentation on his idea for a scooter rental business to a panel of experts in a competition for budding entrepreneurs. Picture: SUPPLIED
22 hour(s) ago

Bumka Scooter Rentals the brainchild of young Tembisa entrepreneur Lumko Mphande with a burning desire to achieve more, writes Eugene Yiga

Management

Taming shifty Africa with creativity and strategy

Chantell Ilbury says to be successful in Africa is to be foxy — to adapt constantly and to think outside the box — whereas the environment of certainty in western countries is conducive to hedgehog thinking. Picture: SUPPLIED
22 hour(s) ago

Sue Grant-Marshall: Leading African creative strategic thinker Chantell Ilbury wants to know: are you a hedgehog or a fox?

Opinion

THE POINT: All energy options have pros but one has major defects

The Cookhouse Wind Farm is located between the towns of Cookhouse and Bedford in the Eastern Cape. This wind farm is the largest in SA and has 66 turbines with a generating capacity of about 138.6MW. Picture: WIKIMEDIA

Nuclear causes the most disquiet when measured against future demand and budget projections

Cameron Van der Burgh and Caster Semenya take a selfie at the welcoming ceremony for the Rio 2016 Olympics Team SA at OR Tambo International Airport in Johannesburg on Tuesday. Picture: SYDNEY SESHIBEDI/GALLO IMAGES

Feted Caster ‘does not need protecting’

The IAAF resumes its witch-hunt against gold medalist Caster Semenya and other hyperandrogenic athletes

Cricket

Pakistan’s incredible journey to top spot

THINK-TANK: Pakistan head coach Mickey Arthur, right, with captain Misbah-ul-Haq during net practice at Edgbaston in early August. Picture: REUTERS/PAUL CHILDS
1 day(s) ago

Pakistan caps a remarkable rise under skipper Misbah-ul-Haq to supplant archrivals India as the world’s best Test side

Cricket

Pink ball makes first-class debut in India

Suresh Raina. Picture: REUTERS/DANISH SIDDIQUI
1 day(s) ago

India’s cricket board will be watching closely for signs the controversial but lucrative day-night format works for the players and millions of fans

Other Sport

Luvo Manyonga vows to keep world record focus

1 day(s) ago

The silver medallist says being blocked from competing in the London Olympics saved his life

Cricket

Kiwis forgot who they were playing

Cricket supporters watch as the covers are put on to the wicket at Kingsmead stadium in Durban. Picture: REUTERS
1 day(s) ago

There was so much time between balls during the rain-hit Test New Zealand’s coach Mike Hesson forgot who the Kiwis are playing

Soccer

Bayern nets higher security

Picture: THINKSTOCK
1 day(s) ago

New German league season gets under way with heightened security after attack at Stade de France cautions national side

Soccer

Reborn Sterling leads City’s charge in Europe

Raheem Sterling. Picture: REUTERS/ADAM HOLT
1 day(s) ago

Maligned winger Raheem Sterling is thriving under Pep Guardiola and inspired City’s 5-0 win at the Champions League first round play-off

Standard Bank

JSE Sens

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The Third Umpire

There are two ways of interpreting President Jacob Zuma’s move to take control of state-owned enterprises: either his mind has been focused by the ANC’s electoral drubbing or the patronage machine needs fuel.

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It took a small boy to tell the emperor he was naked, and a boutique trading firm to pick up the multibillion-rand JSE glitch that overstated the value of foreign equity inflows. Take a bow, Navigare CEO Vuyisile Radebe.

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Newly elected Johannesburg mayor Herman Mashaba. Just think, free-market advocates at the helm in Joburg and Tshwane, the engine room of the economy and cockpit of the country respectively. Let the growth begin.

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Calendar

Telkom Telkom AGM
Glencore Glencore interims
Murray & Roberts Murray & Roberts finals
Bidcorp Bidcorp finals
Blue Label Telecoms Blue Label Telecoms finals

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