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Economy

Producer inflation slows in August

Picture: THINKSTOCK
5 minute(s) ago

Before the release of the PPI data economists had been divided over whether recent fuel price cuts would be enough to have offset high and rising food inflation

National

SA’s metros on the hunt for new city managers

South African flags flying high. Picture: GCIS
35 minute(s) ago

Cities look for new city managers — the drivers of service delivery — as new councils seek to deliver on promises made before the local government elections

Economy

Credit extension growth slows in August

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
35 minute(s) ago

Nedbank says credit growth is likely to remain subdued in the short term as a result of ‘weak economic activity and the poor outlook’

Labour

Productivity SA suspends its finance chief over probe of misspent UIF funds

GLUM:  Unemployed people queue for UIF payments. In its finding on the extension of collective bargaining agreements, the high court said unemployment was the most intractable problem in SA. Picture: SUNDAY TIMES
29 minute(s) ago

The agency, whose task is to support businesses in trouble in order to save jobs, thinks about R36m has been spent on activities ‘not related to job saving’

Financial Services

An increasingly restive populace pushes Sasria payouts to a record high

TOUGH STANCE:  Academics, lecturers and students protest against university fee increases under the banner #feemustfall outside Parliament in Cape Town on Thursday. Picture: EPA/NIC BOTHMA
27 minute(s) ago

Service delivery protests overtook labour strikes as the biggest cause of claims to the state-owned special risks insurer, while students’ contribution trebled

Telecoms & Technology

Datatec warns of falling interim earnings

Picture: THINKSTOCK
38 minute(s) ago

Datatec says earnings will be down nearly 25% at the interim stage, but full-year earnings will be better than he previous year’s.

Healthcare

GlaxoSmithKline completes the sale of its stake in Aspen Pharmacare

Aspen Pharmacare CEO Stephen Saad. Picture: FINANCIAL MAIL
37 minute(s) ago

This ends uncertainty for shareholders in Africa’s largest generics maker, says CEO Stephen Saad

Industrials

Has ArcelorMittal SA really avoided ‘the usual suspects’ in its BEE deal?

ArcelorMittal SA's Vanderbijlpark plant. Picture: FINANCIAL MAIL
1 hour(s) ago

A former government-appointed commissioner, a development bank finance chief and a former deputy finance minister will become shareholders

Health

Jack Bloom concerned about foreign doctors’ poor language skills

Picture: THINKSTOCK
1 hour(s) ago

DA health spokesperson says four Cuban doctors at a Soweto Hospital can barely speak English‚ write poor scripts and have been accused of endangering patients

National

DA backs ANC’s call for inquiry into SABC board’s fitness to hold office

The SABC office in Auckland Park, Johannesburg.  Picture: SUNDAY TIMES
2 hour(s) ago

But opposition party expresses concern that the ANC’s position is a public relations stunt aimed at saving it from ‘embarrassment in the eyes of the people of SA’

Visitors take photos at an outdoor theme park of the newly opened Wanda Cultural Tourism City, or Wanda City, in Nanchang in Jiangxi Province, China. Picture: EPA/ROLEX DELA PENA

So much room to improve tourism sector

To get tourism on track, we should start by getting real statistics

Columnists

Natasha Marrian: Luthuli House not afraid to show it has awoken to excesses of Zuma administration — finally

While King Zuma slumbers, palace aides are stirring

Columnists

A good agency philosophy is deeply embedded, like personality and character, writes Suhana Gordhan

Why a good mantra can work so
well

Media

BusinessLIVE brings you all of SA’s top news and views, in one place

Business Live website. Picture: BUSINESS DAY
19 hour(s) ago

Read our brand new website for business, market and political news as it happens, and access to premium content from SA, the Wall Street Journal and Financial Times

Financial Services

Alexander Forbes enlists ARC as a BEE partner

Alexander Forbes. Picture: MARTIN RHODES
2 hour(s) ago

African Rainbow Capital will be allocated 10% of Alexander Forbes shares in a deal valued at R753.45m in cash

National

ANC caucus warns SABC board to void Motsoeneng decision or face the heat

Jackson Mthembu. Picture: FINANCIAL MAIL
6 hour(s) ago

The SABC board plans to meet with the portfolio committee on communications to discuss rescinding Hlaudi Motsoeneng’s redeployment

Politics

Satawu will not back Ramaphosa for ANC leadership

Satawu general secretary Zenzo Mahlangu. Picture: FINANCIAL MAIL
6 hour(s) ago

Satawu is the latest Cosatu affiliate to break ranks and pronounce on ANC succession after the NUM backs Cyril Ramaphosa

National

Edna Molewa has a difference of opinion with the auditor-general

Environmental Affairs Minister Edna Molewa says fracking licences hold the key to vital information about shale gas reserves. File picture: RUSSELL ROBERTS
2 hour(s) ago

The environmental affairs minister is challenging her department’s qualified audit opinion, and will be late in tabling its annual report

Retail & Consumer

Chairman Wiese set to gain from Steinhoff share issue

Christo Wiese. Picture: FINANCIAL MAIL
6 hour(s) ago

Just under half the 332-million new shares will go to a firm controlled by a family trust of billionaire investor Christo Wiese

National

Salary caps for bosses ‘kills incentive for promotion’

Desmond van Rooyen. Picture: Picture: BLOOMBERG/WALDO SWIEGERS
13 hour(s) ago

Salary caps for municipal managers are having a negative effect, local government management body says

Picture: THINKSTOCK

New benchmarks put SA in better position to identify risk

Anthony Julies looks at the new debt portfolio benchmarks introduced by the World Bank

Markets

SABMiller exit from JSE shifts rankings

Picture: MICHAEL ETTERSHANK
6 hour(s) ago

The beer giant’s departure opens up top 40 index spot for Implats

Middle East

Opec springs a surprise by actually agreeing to cut oil output

Picture: REUTERS/JEAN-PAUL PELISSSIER
2 hour(s) ago

If strictly implemented, the deal could add $7-$10 to the oil price — but analysts have some doubts about whether it will be strictly implemented

National

Defence Department gets a rocket for wasteful spending

Auditor-General Kimi Makwetu. Picture: SUNDAY TIMES
6 hour(s) ago

Auditor-general Kimi Makwetu says the department often fails to meet contractual obligations and to pay its debts in time

Industrials

Astrapak’s new projects lift its interims

Astrapak CEO Robin Moore.  Picture: FINANCIAL MAIL
2 hour(s) ago

Packaging group says it benefited from strong customer relationships across a narrower but ‘clearly defined technology footprint’

Education

UJ gets interdicts to prevent protests on campus

Students from Wits University demonstrate in Johannesburg on Wednesday. Picture: EPA/KIM LUDBROOK
2 hour(s) ago

University of Johannesburg says the ban is to ensure all students on campus behave lawfully and that normal activities can continue without interruption

Industrials

ArcelorMittal paves way for R2.3bn BEE deal in SA

Wim de Klerk. Picture: BUSINESS DAY
6 hour(s) ago

The deal will ensure its recently improved relations with the government are further strengthened after years of acrimony

National

Competition Commission raids cargo shipping companies

Picture: THINKSTOCK
23 hour(s) ago

Watchdog says it has reasonable grounds to suspect that the companies have engaged in collusive practices to fix the rates for the shipment of cargo from Asia to SA

Education

Wits goes ahead with contested poll on going back to class

Former SRC leader Mcebo Dlamini (holding stick)  seen here with  Wits Medical School students demanding that fees must fall on Monday.  Dlamini says Wits vice-chancellor Professor Adam Habib  has no powers to call for a  referendum on the  resumption of its academic programme.  Picture: ALON SKUY/THE TIMES
4 hour(s) ago

The university says protesting students’ attempt to obtain an interdict to stop the poll failed, and it is under way

National

MEC meets Tshwane mayor after altercations

Paul Mashatile. Picture: SUNDAY TIMES
6 hour(s) ago

MEC Paul Mashatile meets mayor Solly Msimanga, the speaker and chief whips after DA-ANC clashes

National

Mosebenzi Zwane insists Cabinet backed proposals

6 hour(s) ago

Zwane sticks to his guns, saying the Cabinet was on board with changes to reporting structures in two far-reaching crime-fighting bills

Retail & Consumer

Wiese sees Shoprite as a natural match for Steinhoff

REALIST: Christo Wiese says his family is continually looking at consolidating its business interests. Picture: REUTERS
6 hour(s) ago

A merger would pull together tycoon Christo Wiese’s retail assets under one roof and create a global retail giant worth about R400bn

Financial Services

Role of stokvels in economy highlighted at indaba

Stokvels and burial societies are valued at about R44bn. Picture: PETER MOGAKI
6 hour(s) ago

Informal savings — in the form of stokvels and burial societies — outpace other forms of savings for the first time in three years

Telecoms & Technology

Icasa sale ‘limits competition’

DEBATE: Icasa’s plan to auction high-speed broadband spectrum may be scuppered if the high court finds in favour of a challenge to the lawfulness of the auction. Picture: THE TIMES
6 hour(s) ago

Icasa’s counsel insists its expert report differed with Telkom’s on the effect of the auction, saying it would not adversely affect competition

Industrials

Remgro to raise R9.9bn for Distell

Jannie Durand, CEO of Remgro. Picture: HETTY ZANTMAN
21 hour(s) ago

Analysts say it is impossible to imagine any other buyer given the pre-emptive right and Remgro's Distell holding

View more

Cartoons

A screengrab from the film Noem My Skollie.

Noem My Skollie SA’s official Oscars selection

The local box office sensation has been nominated as South Africa’s selection in the category for Best Foreign Language Film Award

Health

Nine out of 10 people breathe harmful air

6 hour(s) ago

A World Health Organisation study reveals dirty air is to blame for millions of deaths every year, writes Pilita Clark

Motoring

RUMOUR HAS IT... Calling time on MG; honours for Dieselgate

Expect the new BMW 5 Series to feature carbon fibre elements similar to those in the Carbon Core of the 7 Series.   Picture: BMW
5 hour(s) ago

The owner of MG announces it will cease production of MG vehicles in the UK, and VW has won the Ig Nobel award for chemistry

Health

Mental health still stigmatised and underfunded

6 hour(s) ago

Treatable mental illness underfunded ‘despite evidence it makes business sense to treat it — is a clear sign of stigma’, writes Yvonne Fontyn

Motoring

INDUSTRY NEWS: Helping to move the nation

Nissan has developed a wheelchair-friendly version of its NV350 Impendulo minibus.   Picture: QUICKPIC
5 hour(s) ago

Transport for physically disabled people is often a problem, but one which Nissan is trying to address

Motoring

INTERNATIONAL LAUNCH: Winding it up in the Caymans

The Cayman is a sharper looking weapon in its new guise.   Picture: PORSCHE
5 hour(s) ago

Motor News travelled to Germany to sample the Porsche 718 Cayman and Cayman S

Motoring

THE MOTORSPORT LAP: The champ and the championship

The World Rallycross Championship will come to South Africa in 2017 at the Killarney circuit in Cape Town.    Picture: WESTERN PROVINCE MOTOR CLUB
5 hour(s) ago

SA’s Brad Binder wins the Moto3 world championship and Cape Town will host the World RX 2017 finale

ASSET: The Proteas may use Imran Tahir at the death in the first one-day international against Australia on Friday. Picture: LEE WARREN/GALLO IMAGES

Tahir targets Aussie scalps

Spinner Imran Tahir not into containing batsmen, but will if game dictates it

Other Sport

Muzi Yeni eyes Grand Heritage race win on Humidor

Jockey and horse. Picture: THINKSTOCK
7 hour(s) ago

The Durban-born jockey stands a good chance of winning the first R750,000 World Sports Betting Grand Heritage race at the Vaal

Other Sport

Confident US ‘learnt from past stumbles’

UPBEAT: ordan Spieth looks self-assured as he chills during practice ahead of the Ryder Cup that starts on Friday. Picture: EPA
7 hour(s) ago

Two-time Major winner Jordan Spieth recalls the tension of the US losing his 2014 debut at Gleneagles

Other Sport

Wary Mercedes within reach of title triple

THREAT:Daniel Ricciardo, left, could upset Mercedes drivers Nico Rosberg, centre, and Lewis Hamilton at Sunday’s Malaysian Grand Prix. Picture: REUTERS
7 hour(s) ago

Formula One constructors’ crown champions Mercedes have won all but one race this season

Other Sport

Brave Konta battles into Wuhan quarters

Johanna Konta. Picture: REUTERS
7 hour(s) ago

Briton Johanna Konta closes in on the world’s top 10 after an epic play against Carla Suarez Navarro

Other Sport

Tokyo panel calls for changes to venues for 2020 Games

GO FOR GAMES: A woman passes a logo of the Tokyo 2020 bid committee at Tokyo’s Metropolitan Government Building this week. Picture: REUTERS
3 hour(s) ago

In the face of ballooning costs, a panel has called for some Olympic venues to be changed, but organisers say it may be too late to make the adjustments

Cricket

Cobras in chaos as coach row heads to CCMA

Picture: THINKSTOCK
7 hour(s) ago

Cricket squad marches to CCMA in the latest twist in a saga that has been brewing for months

Soccer

Vilakazi aims to end drought of trophies

MARKSMAN: Sibusiso Vilakazi is hoping he ends on the winning side when Sundowns play Wits in the MTN8 final on Saturday. Picture: GALLO IMAGES
7 hour(s) ago

Attacking maestro Sibusiso Vilakazi remains one of the most dangerous in an arsenal of dangerous Sundowns players

Rugby

Governing body to review global rugby season

7 hour(s) ago

The World Rugby governing body wants to continue to grow the game and to attend to player welfare

Opinion

Coetzee can turn the Springboks around by following his instincts

Allister Coetzee. Picture: GALLO IMAGES/SYDNEY SEHSIBEDI

South African rugby’s problems are deep but the Bok team, man-for-man, is not a reflection of their recent performances

Standard Bank

JSE Sens

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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

Thuli Madonsela, in what could be one of her last acts as arguably SA’s bravest public protector to date, will make sure due process was followed in the reappointment of Hlaudi Motsoeneng as a top official at the SABC.

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Audi’s Stefan Knirsch’s role in the VW emissions scandal has been smoked out and he has left the top marque after a probe showed he was aware of emissions cheating when he took the job less than 10 months ago.

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Despite questions about the veracity of a claim that MTN illegally repatriated about R14bn from Nigeria in the decade to 2016, the mobile network operator cannot be feeling all that “ayoba” about the allegation.

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