• All Share : 49580.78
    UP 0.59%
    Top 40 : 3478.54
    UP 0.04%
    Financial 15 : 15634.38
    UP 0.90%
    Industrial 25 : 62300.71
    UP 0.84%

  • ZAR/USD : 11.5832
    UP 0.29%
    ZAR/GBP : 18.1451
    UP 0.28%
    ZAR/EUR : 14.2338
    UP 0.28%
    ZAR/JPY : 0.0971
    UP 0.04%
    ZAR/AUD : 9.4650
    UP 0.32%

  • Gold : 1198.3700
    UP 0.18%
    Platinum : 1202.0000
    UP 0.33%
    Silver : 15.9350
    UP 0.54%
    Palladium : 794.0000
    UP 0.63%
    Brent Crude Oil : 59.480
    UP 0.35%

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SA dodges Fitch downgrading bullet

South Africa dodged an expected downgrade from ratings agency Fitch late on Friday, contrary to the views of experts who had widely expected it to slash the country's credit rating.

’Twas the nightmare before Christmas

There is only one more weekend before Christmas, but with shopping disrupted by severe power cuts it may be a dismal festive season for retailers, who rely on Christmas spending sprees to fill the coffers.

Miners a drag on JSE as global markets slip on oil

South African stocks ended marginally lower on Friday for the second day running, dragged down by mining stocks such as Anglo American Platinum.

Cape Town has 7 out of 10 most expensive SA suburbs

If there were the slightest concern that the fairest Cape was losing its appeal, a look at the dazzling numbers achieved in property sales in the past year along the Atlantic seaboard, in the southern suburbs and in the Cape Winelands should lay those fears to rest.

Telkom rings bells on the JSE as top stock

This year, to everyone's surprise, it was Telkom - otherwise in the media for all the wrong reasons - that shot out the lights on the JSE. The share price of the 38%-state-controlled telecoms operator has shot up 143% so far.

Eskom to squeeze consumers more

Eskom CEO Tshediso Matona says government needs to take "tough political decisions" that will enable the power utility to get the cash it needs to keep going.

Thirty years of mistakes at Eskom

In the last days of 1979, a fault occurred at an Electricity Supply Commission (now Eskom) power station. A local substation circuit breaker tripped. Due to a miscalculation, however, the circuit breaker was not set correctly and further circuit breakers tripped.

13 big, painful lessons from 2014

Even the biggest optimists among us have had our resolve tested this year. Odds are many of us are finishing 2014 on a more pessimistic note than we were when it started. Things may even deteriorate further before they get better.

Empire-builder Christo Wiese heads for Britain's High Street

Not content with nailing down the largest takeover in South African corporate history, 71-year-old retail magnate Christo Wiese has now set his sights on expanding his empire in Britain's retail market.

African Bank curators stall their listing of 'good bank'

African Bank curator Tom Winterboer has postponed the floating of the "good" bank on the JSE, although there is a time limit on the support he has from the central bank.

'Cement tie-up does not make business sense' - former PPC CEO

A merging of South Africa's two largest cement producers - PPC and Afrisam - has been under discussion at the PPC board since 2010, and is believed to have played a role in heightening tensions that eventually confirmed Ketso Gordhan's exit from the group.

Former iTunes engineer tells court he worked to block competitors

A former iTunes engineer testified in a federal antitrust case against Apple Friday that he worked on a project “intended to block 100% of non-iTunes clients” and “keep out third-party players” that competed with Apple’s iPod.

All Share bucks like a wild pony

The year of the horse according to the Chinese zodiac, 2014 has been one of the wildest for the local bourse, with the All Share index reaching record levels - then falling precipitously.

Value investing is a beautiful thing - in the long term

Value investors are again an endangered species.

Dr Dan seeks a cure for PIC's many problems

Dr Dan Matjila faces a steep challenge as the new head of the R1.6-trillion Public Investment Corporation: raising the pensions of government workers while kick-starting flagging economic growth, reviving investor confidence and meeting demands from government.

Giving knowledge and adding to it

Dr Buyisiwe Sondezi works for the University of Johannesburg in the physics department. She tells Margaret Harris that her brand of physics allows her to get her hands dirty

How to take advantage of the scarce skills crisis

For many South Africans, getting a degree is simply out of reach, because of financial or academic concerns. But there are other options.

German unions, churches win Sunday shopping fight

In Germany, where hard work is prized, one day of the week remains sacred for rest.

Chicken kiosks are taking wing

Chicken Stop, the new kid on the block in the fast food market, is offering franchise opportunities after being launched in South Africa in January. MD Salim Shermohammed is a global fast food, franchise and business fundi. He speaks to Asha Speckman about money, food and that Rolex watch

Airline boss's daughter fired for nutty outburst

Korean Air CEO Cho Yang-Ho apologised publicly on Friday after his daughter triggered public anger and ridicule by kicking the head of cabin crew off a flight because of the way she had been served some nuts.

In France, popular actors may pay for change in funding for films

Movie star Jean Dujardin may have to accept lower pay to be an artist in France.

Money really is power in China

China's economic growth may be cooling down, but the energy sector has plenty of money to burn.

No stopping Famous Brands train

Famous Brands' share price has again spiked to new levels, this time courtesy of its purchase of 75% of Cater Chain Food Services.

Court cuts off inventor of Please Call Me

Nkosana Makate, who invented the Please Call Me concept, says he is baffled by a high court refusal this week to let him appeal against an earlier judgment in favour of Vodacom, the company he accuses of stealing the idea from him.

BEE partners hope Chinese make StarSat profitable

Former Robben Island political prisoners and influential executives are among a string of new black shareholders set to benefit from the revival of the company previously known as TopTV, a rival to Naspers's high-flying MultiChoice.

Corporate practices faced big tests in 2014

It's been a challenging year for corporate governance. It began ominously as speculation mounted about the reasons behind the very public suspension at the end of 2013 of John Oliphant from the Government Employees Pension Fund (GEPF).

Unpicking why the lights went dim at Ellies

It has been a torrid year for Ellies — a share-price slump, a mid-year cash crunch, an expected first-half loss, a rights offer and a restructuring. CEO Wayne Samson finally breaks his silence
Rob Rose

Naspers coy on role as China's internet cop

Two weeks ago, Naspers CEO Bob van Dijk hopscotched around the subject of just how pliant his company actually is to censorship requests from its imperial overlords, the Chinese.

How crude oil’s global collapse unfolded

Since the 1970s, Nigeria has sent a steady stream of high-quality crude oil to North American refineries. As recently as 2010, tankers delivered a million barrels a day.

Stock Talk: No longer watching cement dry

There was a time when you could rely on a cement company to be boring. That ended on September 22 when PPC announced the resignation of its CEO, Ketso Gordhan, marking the beginning of a high-profile boardroom battle.

Get set for SA's 2015 digital migration fiasco

NEXT year was meant to be a big one for South Africa's technology industry. Years ago, under the Mbeki administration, the government agreed with the International Telecommunication Union that the country would switch off analogue terrestrial television broadcasts by June 17 2015.
Townspeople take selfies following the decoration of a scraggly Christmas tree with a single red bulb in Reading

Selfie-loving millennials push brands to co-create

Looking for a unique Christmas gift to wow friends or family? Try some specially tailored perfume, chocolates stamped with a personal message or sneakers embossed with a selfie.

I'm off, in pursuit of a Bull's Eye

This retrenchment lark takes it out of you. I am humbled by my ignorance of what happens after the pink slip plops on your desk, the decisions that have to be made.

Tarnished Gucci bids adieu to power couple

For a decade at Gucci, Patrizio di Marco and Frida Giannini presided over one of the world's best-known luxury brands - a marathon in the sometimes fickle world of fashion

How electric cars keep the beer cold

The first comment many South Africans make when one mentions electric cars is that they do not take the incompetence of Eskom into account. In the age of rolling blackouts, goes the argument, there will be nowhere to charge the cars.

Nasty tax surprise marked indelibly on Japan's psyche

Japan has chosen the Chinese character for "tax" as the defining symbol of the year , it was announced on Friday.

Things to worry about in 2015

Global recession, a hard landing of the Chinese economy and "premature tightening" by the US Federal Reserve all have the potential to "upset the applecart" next year, according to HSBC.

Addicted gambler hits the jackpot

A Vienna gambler will get back almost €440000 (about R6.3-million) that he squandered on slot machines after a court ruled that he suffered from an addiction, according to his lawyer .

Matter of fact

The Press Ombudsman has ordered Business Times to apologise to Edrees Hathurani for stating in a report "FSB's Seedat paid R3m by tax dodger" (June 22) that he was involved in an ongoing battle with SARS.