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Oakbay Investments CEO Nazeem Howa. Picture: BLOOMBERG/WALDO SWIEGERS

EXCLUSIVE: Oakbay ‘conspiracy theory’ claims SA’s banks are controlled by Ruperts

2 hour(s) ago

Document by Gupta family firm says ‘real state capture’ has not been executed by the Guptas, and that Project Spider Web has ‘been right all along’

Transport & Tourism

SAA will never be sold, Zuma says

President Jacob Zuma speaks during a monitoring visit to South African Airways on Friday.  Picture: GCIS
51 minute(s) ago

President Jacob Zuma says the airline, which has received a number of billion-rand bailouts over the years, will never be sold

Labour

Communication Workers Union suspends Post Office strike

A looming  strike  could undermine the Post Office’s attempt to nail down the funding required for its turnaround plan.   Picture: THE TIMES
45 minute(s) ago

The Post Office says the strike was supported only by about 400 workers around the country, less than 2% of the company’s 22,000 workers

Sport

Saru’s chance of bidding for event depends on how it transforms, Mbalula says

Fikile Mbalula.  Picture: SOWETAN
54 minute(s) ago

Sport Minister Fikile Mbalula says the penalty he imposed on the errant federations is the slightest of four options he has at his disposal

Americas

Disappointing US jobs data point to lower chance of rising interest rate

A woman walks to enter a line for the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York.  Picture: REUTERS
11 minute(s) ago

US nonfarm jobs increased by 160,000 in April as construction employment barely rose and the retail sector shed jobs

Economy

IMF says government must be careful as some policies may hamper growth

Picture: SUPPLIED
2 hour(s) ago

Lender says policies to maintain debt sustainability are essential to preserve investor confidence, but need to be carefully calibrated to avoid pressuring economy

Energy

Zuma tells Eskom he will announce that there is ‘no more load shedding’

Picture: SUNDAY TIMES
2 hour(s) ago

President visits power utility, and plans to visit SAA too, to make good on his promise that the government will support state-owned enterprises

Europe

Glencore said to be in talks to sell further stake in agriculture unit

Picture: REUTERS
2 hour(s) ago

Sources say bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar’s sovereign wealth fund

Media & Advertising

Moneyweb case lays down issues around
‘fair dealing’

Picture: RUSSELL ROBERTS
4 hour(s) ago

Judgment in the copyright case by Moneyweb includes factors that should be taken into account in determining "fair dealing" within the Copyright Act

Woman works on dragon decoration in China. Our perception of China in Africa is skewed, based on fear that China will become the new imperialist power on the continent, says the writer. Picture: REUTERS/SEAN YONG

China’s embrace of harmony makes it a good African fit

The West wants to be in the driver’s seat, while the East allows things to develop, writes George Rautenbach

Columnists

Peter Bruce promo

Peter Bruce: Where digital seemed to promise a brave new world, it is behaving just like the old world, only faster

Value of journalism transcends digital numbers

Columnists

Chris Thurman: James Cairns’ show offers a funny critique and poignant unravelling of four white English South African male ‘types’

It’s time for white males to enjoy the passenger seat

African Business

Coffee conflict is brewing in Ethiopia

Coffee farmers often live a precarious existence. Picture: REUTERS
2 hour(s) ago

East African country wants to export more to get hard dollars to build infrastructure, but coffee-loving Ethiopians want to enjoy the beans at home

Europe

BNP’s French job cuts in its investment bank to affect IT and operations staff

French bank BNP Paribas. Picture: AFP PHOTO/PASCAL GUYOT
2 hour(s) ago

BNP Paribas announced in April a voluntary redundancy plan that calls for up to 675 job cuts at its corporate and institutional bank in France

Education

Motshekga delays ‘jobs for cash’ report again

Basic Education Minister Angie Motshekga. Picture: GCIS
4 hour(s) ago

Basic Education Minister Angie Motshekga says unions asked for more time to respond to the report, while the DA says the delay shows Sadtu is calling the shots

Economy

Business confidence index improves for fourth consecutive month

Picture: THINKSTOCK
5 hour(s) ago

However, South African Chamber of Commerce and Industry is concerned that subdued global and local growth is weighing heavily on business confidence

Europe

ArcelorMittal slightly more positive about steel market

Picture: REUTERS/DADO RUVIC
4 hour(s) ago

Steel producer says it expects global apparent steel consumption, which includes changes to inventories, to be barely changed this year compared with last

Picture: SUPPLIED

Business must clean out its own stables

The business community must lobby for legislation to force transparency and shun those among us who involved in corruption, writes Sipho M Pityana

Transport & Tourism

No surprise e-toll discount deadline extended, says Outa

LONG ROAD:  The Organisation Undoing Tax Abuse (Outa) claims Sanral paid up to R11bn extra for the construction of the Gauteng Freeway Improvement Project, but Sanral says Outa has got its sums wrong. Picture: FINANCIAL MAIL
5 hour(s) ago

Organisation Undoing Tax Abuse says summonsing of a few handpicked defaulters appears to have failed, as the period for a 60% 3discount on e-toll debt is extended

Americas

Bumper US wheat forecast sparks biggest weekly loss in six months

Picture: THINKSTOCK
2 hour(s) ago

Maize poised to lose 4% over the week, while soybeans were on track to fall after traders cash in on a recent rally linked to investment fund flows

Asia-Pacific

Australia’s central bank deputy to take
the helm

Philip Lowe.   Picture: BLOOMBERG/SERGIO DIONISIO
4 hour(s) ago

Philip Lowe’s ascension was widely expected, and he is seen as a safe paid of hands as the Australian economy weathers the end of a mining investment boom

Americas

Push for a higher US minimum wage causes tension among colleagues

Picture: REUTERS
3 hour(s) ago

Some staff are unhappy that less experienced co-workers now earn the same wages they spent months or years striving to achieve

Americas

SpaceX successfully lands rocket on floating sea platform

A handout picture made available by SpaceX shows a SpaceX Falcon 9 rocket lifting off from Space Launch Complex 40 at Cape Canaveral Air Force Station, Florida on Friday. The rocket, carrying commercial communications satellite JCSAT-14, successfully landed on the floating 'Of Course I Still Love You' droneship in the Atlantic Ocean following its launch in space. It's SpaceX's third time it has recovered the vehicle post-launch, and the second time its rocket landed on the droneship at sea.  EPA/SPACEX
4 hour(s) ago

The company wants to re-use rocket parts instead of jettisoning the costly equipment into the ocean after each satellite launch

National

Debit order facilities to be removed from social grant cards

Social grants. Picture: GARY HORLOR
5 hour(s) ago

Existing debit orders will be terminated. Revised regulations are also planned to clarify what deductions from social grants are legally permissible

Management

‘Queen Bee’ syndrome hampering SA women’s career growth

Picture: ISTOCK
5 hour(s) ago

Women in executive positions sometimes become protective of their power base, alienate other women and are reluctant to promote them

Media

Journalists focus on scandalising ANC government, says minister

Faith Muthambi. Picture: GCIS
3 hour(s) ago

Communications Minister Faith Muthambi says racist tendencies may play a role in ‘the unrelenting attempts aimed at stigmatising a black’ ANC-led government

Sport

Mbalula remains firm about penalties on sports federations

Fikile Mbalula. Picture: SOWETAN
4 hour(s) ago

Sport Minister Fikile Mbalula says he will impose the punishment on athletics, cricket, netball and rugby as they have failed to meet their own set targets

Americas

Top elected US Republican ‘not ready’ to endorse Trump

READY TO LEAD: US congressman and Republican vice-presidential candidate Paul Ryan gestures at the podium  ahead of his address to the Republican National Convention in Tampa, Florida, on Wednesday. Picture: REUTERS
4 hour(s) ago

Many Republicans are worried about supporting Donald Trump, who has deviated from the party line on trade and made offensive comments about women and immigrants

Markets

Zinc’s slow-fuse supply story starts to catch fire

Picture: ISTOCK
1 hour(s) ago

But tightness in raw materials make take time to reach refined metals and will depend on global stocks and Glencore, writes Andy Home

Americas

US acts on shell companies used for tax evasion and money laundering

Tax haven. Picture: ISTOCK
5 hour(s) ago

Government aims to close loopholes allowing foreigners to open US-incorporated companies and introduce laws to keep track of account holders’ identities

Europe

Merkel urges protection of EU borders to avoid ‘return to nationalism’

Angela Merkel. Picture: AFP PHOTO/EMMANUEL DUNAND
3 hour(s) ago

German Chancellor Angela Merkel says ramped-up border controls in response to the migrant crisis is raising questions over whether the Schengen zone can survive

Mining

AngloGold asks global arbitrator to intervene in Ghanaian dispute

Mining. Picture: SUPPLIED
5 hour(s) ago

AngloGold Ashanti says it cannot meet its obligations because the government has failed to keep the area safe for its employees

View more

Cartoons

Picture: ISTOCK

South Africans popping more bubbly corks

SA’s growing middle class is interested not just in local sparkling wine or MCC, but is increasingly trying out international brands of champagne

Travel & Food

Passion to serve drives concierge

Masood Sadulla, the head concierge at the Twelve Apostles Hotel and Spa, was named Concierge of the Year by the Red Carnation Hotels chain, of which his Cape Town hotel is a member. Picture: SUPPLIED
11 hour(s) ago

Concierge extraordinaire and Cape Town son Masood Sadulla receives the coveted ‘Golden Keys’ award, writes Eugene Yiga

Arts & Entertainment

Contemporary African art still in favour

Nigerian curator Okwui Enwezor has made the West aware that African art is worth exploring. Picture: THE TIMES
11 hour(s) ago

Although it remains niche, thanks to the internet there is greater international demand for the continent’s work, writes Sue Blaine

Opinion

LIQUID INVESTMENTS: Single-origin or in-sourced, the proof is in the tasting

It is one of those conundrums about wine: does the site-specific, terroir-driven example trump the bottle where the wine maker has an infinite choice of fruit sources?

Fikile Mbalula. Picture: SOWETAN

Mbalula remains firm about penalties on sports federations

Sport Minister Fikile Mbalula says he will impose the punishment on athletics, cricket, netball and rugby as they have failed to meet their own set targets

Other Sport

Snaith back at Greyville after ill-fated 2015 race

Picture: THINKSTOCK
11 hour(s) ago

Racing connoisseurs would love to see Tarry’s top horse, Legal Eagle, clash with Legislate, but it seems unlikely

Other Sport

Hot Verstappen takes over from ‘madman’ Kvyat

Max Verstappen. Picture: REUTERS
11 hour(s) ago

Red Bull replaced Daniil Kvyat with Dutch Formula One hotshot Max Verstappen for the remainder of the season

Soccer

Leicester can party, the rest need to work

Leicester City captain Wes Morgan, middle, celebrates his  winning goal. Picture: AFP
11 hour(s) ago

Everton’s players are likely to form a guard of honour before the match

Soccer

PSL coaches praise Mosimane after league title victory

Roger de Sa. Picture:  GALLO IMAGES/ GRANT PITCHER
11 hour(s) ago

Roger de Sa reiterated that Sundowns were worthy champions

Soccer

Sono slams relegation rival for pursuing points off the field

PEEVED: Jomo Sono says his team works hard for their points. GALLO IMAGES
11 hour(s) ago

Cosmos are four points clear of University of Pretoria in the relegation play-off position

Soccer

Bale becoming a real Madrileño

Real Madrid's Welsh forward Gareth Bale celebrates a goal during the UEFA Champions League semi-final second leg football match Real Madrid CF vs Manchester City FC at the Santiago Bernabeu stadium in Madrid, on May 4, 2016. Picture: AFP PHOTO / PAUL ELLIS
11 hour(s) ago

Bale was denied his first Champions League goal of the season, as Uefa credited the only goal of the tie to the unlucky Fernando

Standard Bank

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