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Energy

Petrol price increase of more than 60c a litre expected in April

A worker at state-owned Pertamina, the country's main retailer of subsidised fuel, fills a vehicle at a petrol station in Jakarta. Picture: REUTERS

The AA says although the average rand-dollar exchange rate has improved since the beginning of March, the renewed uptick in oil prices is outweighing this

National

Call to restore confidence in office of the president

Jacob Zuma. Picture: AFP PHOTO/JOHN MACDOUGALL

Business Leadership SA urges the ANC to take decisive action at the National Executive Committee meeting over recent political developments

Economy

State urged to help localise aluminium value chain

Aluminium coils. Picture: BLOOMBERG

Local beneficiation of aluminium will allow motor companies to stop importing up to 50% of metals used in their cars

National

Business SA calls on Zuma to respond to Jonas’s statement on Gupta offer

Bobby Godsell. Picture: TREVOR SAMSON

Business Leadership SA says if other senior public office bearers have had similar approaches to that of Mcebisi Jonas, they need to speak up now

Economy

Wholesale trade fell in January

Although wholesalers were less pessimistic in first quarter of 2016, confidence remains at low levels, so trading conditions are likely to remain challenging

Economy

Drive to buy local stalled by ‘tardy’ Treasury

Lionel October. Picture: TREVOR SAMSON

Treasury drags its heels designating products that the trade department can target with R500bn procurement budget, says director-general

Telecoms & Technology

Western Cape to launch 384 WiFi hotspots

Picture: THINKSTOCK

Province follows World Bank’s claim that a 10% increase in broadband penetration results in a 1.38% increase in gross domestic product

Energy

Russia’s confidence about winning SA nuclear bid relates to ‘technical ability’

Pylons carry electricity power lines past cooling towers at the Novovoronezh NPP-2 nuclear power station, operated by OAO Rosenergoatom, a unit of Rosatom, in Novovoronezh, Russia. Picture: BLOOMBERG

State nuclear agency Rosatom’s Nikolay Drozdov says the cost of building nuclear plants in SA will be much lower than a reported $100bn estimate

Management

Lonmin chief a catalyst for change

Lonmin CEO Ben Magara. Picture: MASIMBA SASA

Ben Magara did not think shareholders would hand the keys to creditors

Retail & Consumer

Patel hopes inquiry into retail will open doors

Economic Development Minister Ebrahim Patel.  Picture: TREVOR SAMSON

Inquiry could address food prices and market access, areas dominated by large supermarket chains, says Economic Development Minister Ebrahim Patel

Opinion

THICK END OF THE WEDGE: #Gupta: An affair to remember

Mcebisi Jonas's bombshell makes the entire Optimum acquisition moot

David Makhura. Picture: THE TIMES

Raising competitiveness of regions in provinces’ hands

Regions and provinces must provide a ‘development package’ focusing on interventions and instruments, writes Landiwe Mahlangu

Absa

Save tax-free for your child’s education

Picture: ISTOCK

The introduction of tax-free savings accounts offers an ideal savings tool to give their children a gift for the future

Featured Partner

Cliffe Dekker Hofmeyr

Need for efficiency and trusted advice rises as tax complexity increases

Emil Brincker. Picture: CDH

Cliffe Dekker Hofmeyr is focused on growing its practice areas in the key sectors in which its clients do business, both in SA and in other African jurisdictions

Featured Partner

KPMG

KPMG Mining Risk Survey: SA’s long-term fundamentals are strong

There is room for optimism about the future of the local mining sector, despite the economic, political and industrial challenges facing SA

Featured partner

Opinion

Protective measures bite fund managers

Picture: THINKSTOCK

Benchmarked funds are captive buyers of securities with rising prices, and momentum traders are exploiting that predictability

Media & Advertising

Global brands learn Africa is not a country

Picture: THINKSTOCK

When the big advertisers come in, they want a plan for the whole of sub-Saharan Africa

Business

Vote on executive pay still not binding

DRAFT: Ansie Ramalho and Judge Mervyn King at Tuesday’s launch of the report on the new code on corporate governance (King IV) by the Institute of Directors. Picture: MARTIN RHODES

New draft corporate governance code fails to bring SA in line with international best practice when it comes to voting on executive remuneration

Energy

MPs question viability of Congo hydro project

Inga Dam.

Concerns over cost and political stability in Congo raised as South Africa prepares to pump more than R64bn into ambitious electricity scheme

Telecoms & Technology

Icasa turns down all five free-to-air TV applications

Acting Icasa chairman Rubben Mohlaloga. Picture: THOBEKA ZAZI NDABULA

Independent Communications Authority of SA to reissue an invitation to apply for a free-to-air licence after rejecting five applications — including Gupta family’s Infinity Media Networks

Scooter. Picture: ISTOCK

THE POINT: Lean start-ups will excite SA’s young people

Youth should embrace the lean start-up approach — learn the method, listen to customers and ditch the traditional elaborate business plan, writes Owen Skae

Energy

NNR has received two applications to build reactors from Eskom

Koeberg nuclear power station. Picture: SUNDAY TIMES

National Nuclear Regulator says two site licence applications are to build new reactors along the east and west coasts

Retail & Consumer

Grocery inquiry to cover concerns of township SMEs

TEAMING UP: The first spaza-to-store conversion, Monageng Market, opens in Diepkloof, Soweto this week. It is owned and run by Solly Legae, who says the move will change the face of retail in townships.  Picture: SUPPLIED

The grocery retail sector inquiry launched by the Competition Commission may address issues of food prices and market access

Financial Services

Dozens of cases against credit providers referred to consumer tribunal

Credit. Picture: ISTOCK

A total of R67m was refunded to consumers in overcharged insurance products during the period to the end of September 2015

Mining

Chamber open to talks as BEE battle continues

Mining. Picture: THINKSTOCK

Chamber of Mines CEO Roger Baxter offers olive branch to Department of Mineral Resources to settle dispute

Financial Services

Delay of annuitisation law welcomed by Cosatu

Picture: THINKSTOCK

Federation welcomes postponement of bill — which was to take effect on March 1 — after threatening the state not to force workers to annuitise their retirement savings

Opinion

The hours demanded suck the life out of you

Great ideas may not keep office hours, but exhaustion and stifled creativity are not the solution

Trade & Industry

SA to keep preferential access under Agoa

Picture: THINKSTOCK

President Barack Obama says it is no longer necessary to suspend the application of duty-free treatment to certain goods to ensure compliance from SA

Business

Approval for amendment bill on provident fund savings

Picture: THINKSTOCK

Parliament committee seals short-term fate of contentious annuitisation bill ahead of next week's debate

Transport & Tourism

Mayors support Gauteng transport authority

Picture: SUNDAY TIMES

Mayors join call from roads and transport department for a single transport authority

Opinion

UNEMBARGOED: Leaner SA needs policy reorientation and real sacrifices

The days of leaving everything to the Treasury appear to be over. Our problems are not about fiscal management, but about politics

Opinion

A country downgrade would be utter misery for all

Particularly worth watching are SA’s big five banks — a downgrade is likely to affect them disproportionately

Energy

French nuclear-build bidders will seek private partnerships

Koeberg nuclear power station. Picture: SUNDAY TIMES

Financing will necessarily involve equity and debt, with loans from commercial banks facilitated by the French government through export credit guarantees

Land & Agriculture

Smaller oranges harder to sell, say concerned South African citrus-growers

Picture: THINKSTOCK

SA has applied to the US Department of Agriculture to allow the sale of citrus products from all regions, not just the Northern Cape and Western Cape

Standard Bank

JSE Sens

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