• Saturday, November 01 2014
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Siyabonga Cwele. Picture: TREVOR SAMSON

Ministers intervene to pay Post Office workers

13 hour(s) ago

Telecommunications and postal services minister and finance minister secure overdraft for South African Post Office so that workers’ salaries can be paid

Mining

Harmony shuts Kusasalethu mine to remove illegal miners

NO ENTRY: Harmony Gold's Kusasalethu mine in Carletonville, where miners were locked out because of a strike. Picture: SOWETAN
11 hour(s) ago

Gold miner halts output at Kusasalethu mine for two weeks to try to remove illegal miners who have been trespassing and are believed to be starting fires

Economy

High jobless rate reflects rigid labour market, says Kganyago

Lesetja Kganyago, deputy governor of the Reserve Bank. Picture: TREVOR SAMSON
11 hour(s) ago

There is little monetary policy can do to sustainably bring down unemployment, says incoming Reserve Bank governor

Retail & Consumer

Lewis agrees to buy Beares from Ellerines

An Ellerines store in Randburg, Johannesburg.  Picture: MICHAEL ETTERSHANK
17 hour(s) ago

After ‘competitive bid process’ administrators accept offer from Lewis Group, binding agreement is subject to approval from competition authorities

Economy

Trade gap narrows as exports surge

Picture: THINKSTOCK
14 hour(s) ago

South African Revenue Service data show trade deficit decreased more than expected in September as miners recovered from five-month wage strike

Energy

Petrol price to drop in line with decrease in global oil prices

Picture: THINKSTOCK
12 hour(s) ago

Department of Energy announces 45c-per-litre drop in price of petrol

Americas

US consumer spending falters

Picture: REUTERS
13 hour(s) ago

Consumer spending falls for first time in eight months in September, suggesting economy lost some momentum heading into fourth quarter

African News

Burkina Faso’s leader refuses to quit

Blaise Compaoré, president of Burkina Faso. Picture: MARTIN RHODES
14 hour(s) ago

President Blaise Compaore rejects calls to step down but calls off state of emergency imposed after a violent uprising against his 27-year rule

Asia-Pacific

Bank of Japan shocks markets with more easing as inflation slows

The Bank of Japan. Picture: REUTERS
16 hour(s) ago

Bank expands stimulus spending in stark admission that economic growth and inflation have not picked up as much as expected after sales tax hike in April

Picture: ARDBEL

A world-class regulatory regime is within our grasp

By following international best-practice principles, SA can create an environment of certainty, predictability and stability for the mining industry, writes Peter Leon

Columnists

Peter Bruce promo

Peter Bruce on the boardroom saga at cement producer PPC and the riveting row at HCI

Just one call
and you’re free no more

Columnists

Africa’s wealthy can learn a lot from the western tradition of philanthropy, writes Mzukisi Qobo

Homegrown altruists can alter destiny of Africa

Industrials

PPC calls shareholder meeting to consider removal of board

Ketso Gordhan. Picture: MARTIN RHODES
11 hour(s) ago

SA’s biggest cement maker will hold shareholders’ meeting to consider removal of entire board after getting request from investors representing 10% of company

National

Hundreds gather in Durban for Meyiwa memorial service

Orlando Pirates goalkeeper Senzo Meyiwa.   Picture: GALLO IMAGES
14 hour(s) ago

Memorial service for slain Bafana Bafana captain Senzo Meyiwa gets underway at Durban City Hall

Markets

Rand falls after trade data highlight SA’s dependance on capital inflows

12 hour(s) ago

Local currency reverses gains made against dollar in late trade on Friday after data show cumulative deficit on SA’s trade account is worse than by same time a year ago

African Business

EU resumes financial aid to Zimbabwe

Robert Mugabe. Picture: REUTERS/PHILIMON BULAWAYO
17 hour(s) ago

European Union sanctions imposed on President Robert Mugabe’s government over rights abuses set to expire

Healthcare

Aspen buys stake in milk formula producer

Aspen Pharmacare CEO Stephen Saad. Picture: SUNDAY TIMES
16 hour(s) ago

Drugmaker says acquisition of 50% of New Zealand baby formula company is part of its strategy to enter billion-dollar Asian industry

Picture: THINKSTOCK

State, labour and business need to form a pact

Political and practical will is needed to create a world-class, globally competitive mining industry, writes Peter Leon

Transport & Tourism

More blood set to flow at SAA as chair acts

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

Two board meetings called as well as a meeting with the SAA executive committee, from which, insiders say, CEO Monwabisi Kalawe was excluded

National

Protector ‘rescues’ democracy — Manuel

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

The role of the public protector ‘like having a spare wheel, in the boot, which was there in the event of punctures’

Mining

Amcu strike drives up mine productivity

DiamondCorp CEO Paul Loudon.   Pictue: ROBERT BOTHA
23 hour(s) ago

The strike has starkly revealed productivity inefficiencies at the mining project near Kroonstad

Labour

‘Leadership battles’ could unravel Cosatu

Zwelinzima Vavi. Picture: PUXLEY MAKGATHO
23 hour(s) ago

Beyond the long-term consequences of divided organised labour, there were already signs that business is taking advantage of a failure of Cosatu to protect its affiliates

National

Eskom and Salga pact over debt

Picture: THINKSTOCK
23 hour(s) ago

Municipalities owe the cash-strapped power utility billions of rands

Economy

Marcus backs inflation targets

Outgoing governor Gill Marcus, right, congratulates the new governor Lesetja Kganyago in Pretoria earlier this month. Picture: PUXLEY MAKGATHO
23 hour(s) ago

Some unions are not in favour of inflation targeting and the target band‚ saying it is too narrow and forces the Bank to raise interest rates to the disadvantage of consumers

National

Police ‘have to probe torture in Zimbabwe’

Picture: THINKSTOCK
23 hour(s) ago

The dossier names six cabinet ministers and directors-general as perpetrators, and says many of them had since travelled to SA

National

ANC emotional about gun laws,
says AfriForum

Picture: THINKSTOCK
14 hour(s) ago

Organisation says intention of African National Congress government to introduce changes to Firearms Control Act is emotional reaction to death of Senzo Meyiwa

Asia-Pacific

South Korea plans won-yuan direct trading

Picture: REUTERS
17 hour(s) ago

Seoul considering selling sovereign debt denominated in Chinese currency for first time, about 10 banks to be appointed as market makers for currency pair

Asia-Pacific

China’s factories faces growth headwinds

Shanghai, China. Picture: REUTERS
17 hour(s) ago

Government says manufacturing sector in world’s second-largest economy is stable but faces downside risks

National

NEWS ANALYSIS: HCI spat opens a can of worms at e.tv

Marcel Golding.  Picture: ROBERT TSHABALALA
23 hour(s) ago

Firm allegedly tried to sway set-top box policy

Politics

EFF wants right to work enshrined in constitution

Economic Freedom Fighters leader Julius Malema leads his team, including Floyd Shivambu, left, and Dali Mpofu, right back. Picture: TREVOR SAMSON
23 hour(s) ago

Party wants salaries for municipal employees reviewed and standardised because ‘some municipal managers earn more than ministers’

Financial Services

HCI partnership breaks up in the spotlight

HCI meeting. Picture: TREVOR SAMPSON
23 hour(s) ago

CEO Johnny Copelyn says HCI sees only downside to the ‘avalanche of press interest’, with no public benefit.

Politics

New union aims to take on Numsa

National Union of Metalworkers of South Africa president Cedric Gina. Picture: ARNOLD PRONTO
23 hour(s) ago

Metal and Allied Workers Union of SA is set to receive its registration and operating papers from the Department of Labour, setting the stage for fresh union battles

Transport & Tourism

DHL to invest €30.5m in new SA facilities

Picture: AVUSA
15 hour(s) ago

Investments bring state-of-the-art infrastructure, IT systems and world-class services to support businesses operating in Africa, says CEO Roger Crook

View more

Cartoons

Bodmin moor, with abandoned quarry.  Picture: THINKSTOCK

A creepy trip in the countryside

Cornwall has more famous sites but the ghoulish displays at Bodmin jail have a strange attraction, writes Hans Pienaar

Travel & Food

WORLD CHEFS: Francois aims to put stamp on landmark New York City restaurant

23 hour(s) ago

Raphael Francois treads fine line between updating Le Cirque, the landmark New York City restaurant, and preserving its European fine-dining traditions

Travel & Food

RESTAURANT REVIEW: Clarke of the Karoo

WORTH IT: Clarke of the Karoo passes the Table for One test with flying colours. Picture: SUPPLIED.
23 hour(s) ago

Mike Clarke builds on his Suikerbossie success with a fine eatery in the high Karoo, writes Blaise Hopkinson

Kevin Anderson. Picture: AFP PHOTO / MIGUEL MEDINA

Berdych faces SA’s Anderson in Paris

Win would assure Czech of World Tour Finals spot after easing into the quarterfinals of the Paris Masters

Soccer

Meyiwa died as his soccer career was at a high point

Senzo Meyiwa. Picture: GALLO IMAGES
23 hour(s) ago

Meyiwa joined the Orlando Pirates development team in 2001 and four years later he was promoted to the first team by coach Kosta Papic, thanks to the late Zodwa Khoza’s influence

Other Sport

Historic Rumble in the Jungle ring ‘stolen’

Muhammad Ali. Picture: REUTERS
23 hour(s) ago

As the sporting world remembers Muhammad Ali’s epic showdown with George Foreman, the search is on for the ring which the two boxers climbed into at dawn on October 30 1974

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

Transnet CEO Brian Molefe, for “making up” with BHP Billiton over access to the Richards Bay Coal Terminal by small black-owned mines. Admittedly, reduced international demand for coal has freed up capacity.

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Pension Funds Adjudicator Muvhango Lukhaimane, who has cleared the complaints backlog for the first time since the office was created 16 years ago, despite a 5% increase in the number of complaints last year.

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The anonymous donor who has boosted Wits University’s coffers by a cool R100m. And kudos to Wits, for pledging to spend it on “strategic investments” that will contribute to filling the gaps in SA’s academic research.

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Opinion Poll

Governors of some US states are sticking to plans to quarantine healthworkers returning from countries with Ebola, despite pressure from the White House. What you think of these measures?

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