• Wednesday, October 22 2014
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Nhlanhla Nene: Picture: REUTERS/JOSHUA ROBERTS

Tax increases appear inevitable

1 hour(s) ago

Finance Minister Nhlanhla Nene says government is looking to use taxes to address funding shortfall, but will ‘limit as far as possible any negative effect on growth, job creation’

Labour

ANC calls for disciplinary proceedings against Vavi to be ‘fair’

Zwelinzima Vavi. Picture: BLOOMBERG/NADINE HUTTON
1 hour(s) ago

African National Congress warns that ‘narrow procedural approach’ to disciplinary action against Zwelinzima Vavi may lead to further division

Economy

September inflation figures ‘good news’ for SA

Picture: THINKSTOCK
2 hour(s) ago

Headline consumer inflation for September slows to 5.9% year on year from 6.4% in August‚ Statistics SA figures show

Economy

Government taking steps to avoid more ratings downgrades, says Nene

Finance Minister Nhlanhla Nene delivers his medium-term budget statement on Wednesday.  Picture: TREVOR SAMSON
30 minute(s) ago

Minister says SA is adopting right measures to avoid another downgrade, not only due to implications for borrowing costs, but also for wellbeing of poor

Economy

Poor growth takes toll on tax revenue

(Left to right) Deputy finance minister Mcebisi Jonas, SARS commissioner Tom Moyane, Finance Minister Nhlanhla Nene and finance DG Lungile Fuzile arrive for the medium term budget on Wednesday.  Picture: TREVOR SAMSON
41 minute(s) ago

Corporate income tax, value added tax revised downward, while personal income tax collections are expected to exceed February budget estimate

Economy

Treasury cuts 2014 growth forecast

59 minute(s) ago

Treasury cuts SA’s economic growth forecast for 2014 to 1.4% from 2.7% earlier, reflecting effects of strikes, power-supply constraints and weak demand

Mining

Northam Platinum secures new BEE deal

Picture: THINKSTOCK
6 hour(s) ago

New black economic empowerment structure will give platinum producer 35.4% black ownership once stake held by Toro Trust is included

National

Outspoken directors of SAA face Brown’s axe

Lynne Brown. Picture: TREVOR SAMSON
9 hour(s) ago

Chairman Dudu Myeni, who has a close personal relationship with President Jacob Zuma, is spared

Financial Services

Old Mutual may grow stake in Indian insurance venture

Julian Roberts, group CEO of Old Mutual. Picture: FINANCIAL MAIL
9 hour(s) ago

An increase in shareholding would give Old Mutual higher exposure to the high-growth market of India, which boasts 1.2-billion people

Americas

Poll shows Rousseff has pulled ahead of rival

Brazil’s President Dilma Rousseff. Picture:  BLOOMBERG
4 hour(s) ago

Brazilian President Dilma Rousseff appears to be favourite to win presidential election, although vote still too close to call

Americas

Ebola outbreak: new restrictions for West African travellers to US

Director of the US Centers for Disease Control and Prevention Tom Frieden listens via video conference as President Barack Obama (second right) holds a meeting with cabinet agencies co-ordinating the government's Ebola response at the White House earlier this week.  Picture: REUTERS
4 hour(s) ago

US will require travellers from three countries at centre of epidemic in West Africa to fly into one of five major airports conducting enhanced screening for virus

National

Stalemate over NPA head rages on

Mxolisi Nxasana has been appointed national director of public prosecutions.  Picture: GCIS
9 hour(s) ago

Uncertainty at NPA over leadership remains unresolved as an investigation into Mxolisi Nxasana’s fitness stalled

Industrials

Foord claims enough shares to force vote

Ketso Gordhan. Picture: ARNOLD PRONTO
9 hour(s) ago

Second demand for special meeting on new board set for ‘later this week’

Columnists

Steven Friedman

After democracy, our leaders ducked a key task — how to tackle poverty and inequality without damaging wealth creation, writes Steven Friedman

SA needs hard bargaining rather than indabas

Columnists

Every five years Stats SA rebases and rebenchmarks the national accounts figures to bring them up to date, writes Hilary Joffe

Rebasing GDP is set to boost SA’s financial ratios

Energy

Project Ikhwezi eats into PetroSA assets

A chimney flares at PetroSA's Mossgas facility in Mossel Bay. Picture: THE TIMES
9 hour(s) ago

In the past year the project received an environmental authorisation and began a second well last October

Europe

EU’s Juncker pledges investment plan for jobs

Jean-Claude Juncker. Picture: REUTERS
2 hour(s) ago

Incoming head of European Union executive Jean-Claude tells European Parliament he will present his €300bn plan for investment to bolster growth, jobs by end of year

Trade & Industry

Late government payments are ‘killing black-owned small businesses’

Public Works Minister Thulas Nxesi. Picture: PUXLEY MAKGATHO
9 hour(s) ago

Knock-on effects include inability to repay loans and to obtain tax clearance certificates for tendering purposes

National

No news on when SA bodies will be returned

Picture: THINKSTOCK
2 hour(s) ago

There is still no news on when bodies of more than 80 South Africans killed in building collapse in Nigeria will come home, government spokeswoman says

Retail & Consumer

Tiger Brands plans to destroy recalled products

Picture: THINKSTOCK
9 hour(s) ago

Firm will destroy the 17,000 packs of Tastic Simply Delicious sauces and ready-to-eat rice products it is removing from retailer shelves

Picture: THINKSTOCK

EDITORIAL: Time for SA to start saving

Country's dismal savings rate is one of lowest in world

Economy

Leading economic activity indicator rises marginally

Nhlanhla Nene.  Picture: SOWETAN
9 hour(s) ago

Indicators such as these are key in helping policy makers determine how the economy is performing and the effectiveness of growth-focused policies

Trade & Industry

Vehicle production is recovering from strike

Picture: THINKSTOCK
9 hour(s) ago

Some companies worked their assembly plants at 100% capacity to make up lost production

Retail & Consumer

Taste targets wealthy consumers in Arthur Kaplan Jewellers deal

Taste Holdings CEO Carlo Gonzaga
9 hour(s) ago

Aims at satisfying demand for luxury Swiss watches in subequatorial Africa

Economy

DA presents its medium-term budget wish list

Mmusi Maimane, left, and Dion George address a press briefing on Tuesday.  Picture: TREVOR SAMSON
1 day(s) ago

DA calls for cuts in government expenditure, including reduction in size of Cabinet, ahead of release of medium-term budget policy statement

Business

Amended BEE act to come into effect in October, says Davies

Trade and Industry Minister Rob Davies briefs the media on the amended black economic empowerment act on Tuesday.  Picture: GCIS
19 hour(s) ago

New office of BEE commissioner to be established and will be expected to deal with issues of fronting, says trade minister

Health

Snoek and cycling do it for Cape Town

Cape Town cyclist. Picture: REUTERS/MIKE HUTCHINGS
9 hour(s) ago

Mother City’s middle classes are the happiest and most active inhabitants of SA’s six major cities

African News

Elders question Nigerian claims of a ceasefire

A sign is pinned to a tree during a demonstration against the kidnapping of schoolgirls in Nigeria, outside the Nigerian Embassy in London. Picture: REUTERS
9 hour(s) ago

Lack of detail about agreement and complaints of exclusion by community leaders are fuelling scepticism about prospects of an end to five-year rebellion

Business

Softer tax regime for philanthropy has a catch

African Rainbow Minerals chairman Patrice Motsepe briefs the media on the company's results on Friday.  Picture: MARTIN RHODES
9 hour(s) ago

Proposed legislative changes have been offset by restrictions requiring the distribution of all investment income earned on funds within five years

Business

Five ways to get employees to speak

Picture: THINKSTOCK
8 hour(s) ago

When you’re the boss, how can you encourage your team members to have honest conversations with you — and to speak up when it’s important? Here are five tips

Financial Services

Wonga ‘won’t appoint acting CEO’

Kevin Hurwitz, CE of Wonga SA. Picture: SUPPLIED
9 hour(s) ago

Online microlender says the management team is ‘strong’ and does not plan to appoint an interim CEO after resignation of Kevin Hurwitz

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Cartoons

EFFICIENCY: Hybrid cars look likely to remain popular. The Renault Sandero. Picture: QUICKPIC

VRROOM WITH A VIEW: For the love of hybrids

It is not only high prices that make me think the hybrid will live on — the fact is, I enjoy filling up once a month, writes Alexander Parker

Gadgets & Gear

Cashing in on death means getting out of the grave and into the net café

Picture: THINKSTOCK
9 hour(s) ago

A San Francisco-based start-up wants to use technology to transform one of the last industries still to rely on pen and paper: funeral homes

Gadgets & Gear

Chewing too much hassle? Japan’s got just the thing

Picture: THINKSTOCK
23 hour(s) ago

Tokyo-based gum-maker creates earphones that record number of times you move your jaw, along with speed and strength of each bite

Amakhosi  coach Stuart Baxter. Picture: REUTERS

New Swallows coach makes debut

Despite one training session with team, Fani Madida is upbeat ahead of clash with Chiefs

Soccer

Banyana are prepared for tough Nigeria clash

Picture: THINKSTOCK
9 hour(s) ago

It is never easy qualifying out of a group if one loses the opening game, and Banyana find themselves facing their nemesis

Rugby

Currie Cup final may feature Kriel

Lions coach Johan Ackermann. Picture: GALLO IMAGES/LEE WARREN
9 hour(s) ago

His perpetual motion has helped make him the competition’s leading try-scorer with nine dot-downs

 
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Type in a share code or part of a company’s name in the Company Lookup box, then select the company name from the list of results and click Go to view its tearsheet with share data, news and more.

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The Third Umpire

Presidential business adviser Sandile Zungu, for doing his job by reminding SA’s Cabinet ministers that the state-owned enterprises have boards that are supposed to operate independently, without undue political interference.

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Communications Workers Union general secretary Aubrey Tshabalala. Sasol Inzalo’s bid to bypass a rule requiring documentation to be posted to shareholders does not augur well for striking workers’ job security.

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Arms deal commission head Judge Willie Seriti. Wouldn’t it be tragically ironic if subpoenaed witnesses who decline to testify because the inquiry has lost its credibility are the only people who are prosecuted?

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