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Mining industry has itself to blame for glut, says Cutifani

Anglo CEO Mark Cutifani.  Picture: REUTERS/MARK WESSLES
4 hour(s) ago

Anglo American CEO Mark Cutifani does not expect a reversal of the commodities price slump any time soon and says 2016 looks set to be the ‘most challenging yet’


SA’s mining sector has bled 47,000 jobs in three years

The bill confirms the practice of allowing investors, including mining houses, to freely repatriate returns, subject to taxation and applicable legislation.  Picture:MARIANNE PRETORIUS
8 hour(s) ago

Chamber of Mines CEO Roger Baxter says costs have risen 20% a year, driven mostly by electricity prices, putting large swathes of production under water


South Africans must choose public protector, Corruption Watch says

David Lewis.  Picture: TREVOR SAMSON
2 hour(s) ago

Thuli Madonsela’s term ends in October, and Corruption Watch’s David Lewis says people do not know they have a say in appointing the public protector


Longest Murray & Roberts winning streak in two years hits sixth day

Murray & Roberts CEO Henry Laas. Picture: FINANCIAL MAIL
52 minute(s) ago

SA’s second-largest construction company rose as much as 11% before paring gains to trade 5.9% higher at R9.72 by lunchtime on Monday

Trade & Industry

US opens up for more of SA’s goods

Rob Davies. Picture: GCIS
10 hour(s) ago

Agoa thaw leads to discussion on access for more farm produce to enter US market duty free under trade accord

Transport & Tourism

Prasa asks court to declare contracts invalid

6 hour(s) ago

Passenger Rail Agency of SA says in affidavit that Siyangena Technologies was given an advantage through ‘bid-rigging’ and process involved ‘corrupt activities’


Amplats impairments and restructuring push it deep into the red

Amplats CEO Chris Griffith. Picture: MARTIN RHODES
6 hour(s) ago

All of Anglo American Platinum’s mines generated cash, and debt was reduced, says CEO Chris Griffith, as the miner details the suspension of its Twickenham mine


Stricken Evraz Highveld’s sale tanks

STALLED: Workers at the Evraz Highveld steel plant in Emalahleni. Picture: SUNDAY TIMES
8 hour(s) ago

A deal to buy Evraz Highveld Steel and Vanadium has fallen through, leaving the country’s second-largest steel maker in business rescue


Pros and cons of the new tax law on pension payouts

New tax law governing pension fund payouts is well intended but could infringe on the ability of retirees to participate meaningfully in economy, writes Bridgette Mokoetle


Lucy Kellaway promo

Whiff of Whitman behind marketing and communications at Hewlett Packard Enterprise, writes Lucy Kellaway

Liberating gloves-off retort to advertiser’s threat after column


Mark Barnes promo

Even stock markets are experiencing year-on-year negative returns. Unheard of, it won’t last! But it could, writes Mark Barnes

STRAIGHT TALK: Ever had that deflated feeling?

Financial Services

Kieswetter steps down as Alexander Forbes CEO

Edward Kieswetter. Picture: MARTIN RHODES
22 minute(s) ago

Edward Kieswetter will retire at the end of March 2017, and in the meantime chief financial officer Deon Viljoen will assume the role of interim group CEO


Political parties condemn ANC Youth League’s ‘war talk’

ANCYL president Collen Maine. Picture: VELO NHLAPO/SOWETAN
1 hour(s) ago

Democratic Alliance considers laying criminal charges against ANC Youth League after it says those who disrupt President Jacob Zuma must prepare for ‘civil war’

Telecoms & Technology

Information and communication technology ‘not a national priority’

4 hour(s) ago

A new study focused on the Western Cape shows massive leadership discontinuity in the ICT sector, with at least six ministers of communications having served since 2009


Tax experts unimpressed with solar energy incentive

Solar energy. Picture: REUTERS/REGIS DUVIGNAU
4 hour(s) ago

Deloitte says an additional tax deduction, rather than an accelerated one, would be more effective in encouraging the adoption of solar energy


EFF stands by Malema’s anti-Gupta comments

EFF leader Julius Malema and deputy president Floyd Shivambu. Picture: RUSSELL ROBERTS
7 hour(s) ago

The Economic Freedom Fighters refuses to tone down its criticism of The New Age newspaper and ANN7 news network as well as the family who owns them

Black-backed jackal. Picture: SUPPLIED

New approach needed to outfox costly predators

SA urgently needs a formal, state-driven system to manage predation and employ best practices, writes Heather Dugmore

Middle East

Iraq’s army prepares to retake Mosul, say officials

Members of Iraqi Shiite Badr Army. Picture: EPA/ALI MOHAMMED
34 minute(s) ago

Islamic State seized Mosul in June 2014 and has held Iraq’s second city largely unopposed for more than 18 months


US reassures South Korea and Japan of commitment to their defence

LIFT OFF: North Korea launched on Sunday a long-range rocket, which resulted in the US and South Korea calling for stronger sanctions. Picture: REUTERS
4 hour(s) ago

This follows North Korea’s putting a satellite into orbit on Sunday, which the US and its allies see as cover for Pyongyang’s development of ballistic missile technology


Falling demand at Mining Indaba

Former Mineral Resources minister Ngoako Ramatlhodi was unexpectedly replaced by Mosebenzi Zwane last year. Picture: TREVOR SAMSON
10 hour(s) ago

Delegates want to find out about full value for money, writes Allan Seccombe


EFF promises to cover every inch of SA to spread its message

Picture: EFF
6 hour(s) ago

Economic Freedom Fighters will tell everyone in every village‚ township‚ suburb‚ kraal and city about ‘economic freedom in our lifetime’


Pikitup workers did not strike, says union

Pikitup workers. Picture: FREDDY MAVUNDA
10 hour(s) ago

Waste-collection company demands explanation from union for lack of service if employees were not on strike


North Korea lights fire under UN security body

North Korea's rocket launch of the earth observation satellite Kwangmyong 4 at an undisclosed location in North Korea. Picture: AFP
9 hour(s) ago

Diplomats say they expect the 15-nation body to condemn Pyongyang and redouble efforts to agree on new sanctions


Emerging coal exporters face tough year ahead

10 hour(s) ago

Department of Mineral Resource offers some relief for junior miners who fall short of Eskom’s Quattro coal concession


ECONOMIC WEEK AHEAD: Tourism data could brighten a dark outlook

10 hour(s) ago

Attention also fixed on domestic mining and manufacturing production this week, writes Ntsakisi Maswanganyi

Financial Services

Finbond buys US ‘payday lenders’

9 hour(s) ago

Group clinches deals to buy TV Profile, Cash in a Flash Advertising and half of Cashback in the US, as well as the Cash Shop in Canada


JSE reprimands Steinhoff director for 10-month-old share trades

10 hour(s) ago

Steinhoff blames nonexecutive director’s failure to obtain clearance on ‘misunderstanding and oversight between the directors and relevant bank ’

African Business

Randgold profit falls 11% on declining gold prices

4 hour(s) ago

However, an analyst said in a note to clients that the results were ‘positive’ and that Randgold Resources’ results were ahead of expectations


Not even Zika can stop the Rio carnival

A member of the Grande Rio samba school performs during the first day of the Carnival parade at the Sambadrome in Rio de Janeiro on Sunday, February 7 2016. Picture: EPA
5 hour(s) ago

With crazy costumes, pulsating music and a dab of mosquito repellent, performers swat aside concern about the virus to enjoy the world’s biggest party


NEWS ANALYSIS: Rally does not tally with dire profit warning

Picture: ISTOCK
10 hour(s) ago

Investors may be taking comfort from Kumba’s efforts to cut costs drastically in its time of distress, writes Shaun Harris

Telecoms & Technology

All systems Go for SA’s new pay-TV service

10 hour(s) ago

Time will tell if the platform can compete with satellite and video streaming, writes Thabiso Mochiko


Pakistan power giant favours SA as source

10 hour(s) ago

Pakistan's biggest sources of power in the next decade expected to be coal and imported liquefied natural gas, with numerous coal-fired projects in planning stage


African miners can turn crisis around, says McKinsey

HEADWINDS: Mining companies are being battered by headwinds from slowing growth in demand from China. Picture: REUTERS
6 hour(s) ago

Creating Global Mining Winners in Africa report says African mining companies ‘have access to levers to triple or quadruple their chances of becoming world class’


Barclays urged to ditch Africa unit and focus on core UK business

10 hour(s) ago

Analyst warns investment unit is the ’elephant in the room that needs major surgery' while African business lacks synergies with rest of the bank


Presidency in race to placate Cosatu on tax

Jeff Radebe. Picture: GCIS
10 hour(s) ago

Possible delay of March 1 launch date would require law amendment be rushed through Parliament and signed off by President Jacob Zuma

View more


Madonna performing at a concert in the Taipei Arena in Taipei, Taiwan, 06 February 2016. Picture: EPA/LIVE NATION TAIWAN

Madonna embroiled in Taiwan-China row over flag

Singer sparks ire in China after draping herself in island’s flag, but many in Taiwanese internet forums see it as a boost to their quest to protect the island’s sovereignty

Gadgets & Gear

For more success in online dating, consider moving to a more appropriate city

Picture: ISTOCK
4 hour(s) ago

Internet dating sites are becoming more innovative, such as Bumble, which lets women initiate contact with men, but not the other way around

Arts & Entertainment

The big world of tiny artwork hits Joburg later this month

2 day(s) ago

SA will host the four-yearly World Federation of Miniaturists exhibition in a first for the continent, writes Sue Blaine

GOAL: Diego Costa beats Manchester United's Cameron Borthwick-Jackson as he equalises for Chelsea while David de Gea looks on. Picture: REUTERS

United let it slip as Costa rescues Blues

Chelsea snatches 1-1 draw at home to Manchester United


Downs fight back to outshine Free State Stars

11 hour(s) ago

Mamelodi Sundowns extend their lead to six points with fine come-from-behind 5-2 win over Free State Stars at the James Motlatsi Stadium

Other Sport

Froome starts season with a win in the sun

LEADER OF THE PACK: Team Sky rider Chris Froome of Britain, winner of the centenary Tour de France cycling race, celebrates his overall victory on the podium on Sunday. Picture: REUTERS
11 hour(s) ago

After five months of not competing, Froome wins Herald Sun Tour in final stage of the race

Other Sport

Le Clos hints to Rio freestyle

Chad Le Clos during day 1 of the South African Swimming Grand Prix Series. Picture: STEVE HAAG/GALLO IMAGES
11 hour(s) ago

Chad le Clos achieves Olympic qualifying time in 200m freestyle in second leg of the SA grand prix series in Durban


Blitzboks lose captain Snyman and their discipline

11 hour(s) ago

Ill-discipline cost the Blitzboks in latest leg of the HSBC World Sevens Series


Myoli refuses to drop Frylinck charges, says source

11 hour(s) ago

Dolphins fast bowler Ayavuya Myoli unhappy at way teammate Robert Frylinck’s disciplinary hearing for punching him was handled


Chiefs to make Durban a ‘home’

George Lebese and Bernard Parker celebrate during the MTN 8 Final match between Kaizer Chiefs and Orlando Pirates at Moses Mabhida Stadium on Saturday in Durban. Picture: GALLO IMAGES/ANESH DEBIKY
11 hour(s) ago

Kaizer Chiefs sign agreement with eThekwini municipality, arranging games in Durban over next few months






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