• All Share : 51547.02
    Top 40 : 4246.45
    Financial 15 : 15023.67
    Industrial 25 : 61020.09

  • ZAR/USD : 11.0795
    UP 0.18%
    ZAR/GBP : 18.0558
    UP 0.36%
    ZAR/EUR : 14.1955
    UP 1.65%
    ZAR/JPY : 0.1017
    UP 0.12%
    ZAR/AUD : 9.9061
    UP 0.12%

  • Gold : 1216.4000
    UP 0.04%
    Platinum : 1339.0000
    UP 0.30%
    Silver : 17.8450
    UP 0.14%
    Palladium : 813.0000
    UP 0.62%
    Brent Crude Oil : 98.390

  • All data is delayed by 15 min. Data supplied by INET BFA
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Crisis of relevance for unions

Trade unions aren't just fighting employers. They're fighting each other as union membership drops - a skirmish expected to lead to a jump in strike activity as union bosses seek to prove their relevance.

Return to sender as Post Office staff strike

As one strike ended another started at the beleaguered Post Office this week, threatening to finally drown one of South Africa's oldest institutions in ever-growing piles of undelivered mail.

Sasol cuts off cash to Durban oil exploration

Sasol, which is exploring for oil and gas off the Durban coast in partnership with Italy's Eni, has halted spending on the project until there is certainty on a minerals amendment bill.

Bitter turnaround medicine for Ellerines

More than 2800 Ellerines staff may lose their jobs by the end of the year if a dramatic plan to save the embattled furniture business by shutting almost half of its stores goes ahead.

Scotland vote risks 'scary' Asian flight from sterling

Powerful investors across the world have woken up to the possibility that Scotland may vote to break up the UK, with some already preparing defensive action that risks a potentially dangerous flight from sterling and Britain's bond market.

Entertainment at home set for a huge makeover

THE shape of home entertainment is changing rapidly, giving consumers a broader choice following the launch of two new products in the last few weeks.

Alibaba investors risk being gored in bull run

THE lone US senator who was urging the Securities and Exchange Commission to investigate the gaping governance holes in Alibaba must have felt like some stray tourist caught up in the middle of the annual bull run in Pamplona.

Beer takeover agreement is brewing in the background

THE top three brewers are circling each other after Heineken's rejection of SABMiller's takeover attempt sparked speculation about a long-awaited AB InBev bid for the South African turned global brewer.

Total set to come up Thrupps in Famous Brands venture

IN ONE of the more unlikely partnerships on the local retail landscape, upmarket food grocer Thrupps will be rolled out in Total garages in upper-end metropolitan areas through Famous Brands.

Marcus's exit: heat on Zuma

PRESIDENT Jacob Zuma must act fast to stave off pressure on the rand, which weakened on Thursday after Reserve Bank governor Gill Marcus's surprise announcement that she would not stay on after her current five-year term ends on November 8.

Minnows are just not cricket for CSA

THERE are cyclical industries and then there is cricket.

Alibaba raises $22bn as fund managers want in on the act

ALIBABA, the e-commerce company started in 1999 with $60000 cobbled together by Jack Ma, cemented its status as a symbol of China's economic emergence by raising $21.8-billion in a US initial public offering.

Deductions from social-grant bank accounts a can of worms

IN THE first four days of every month R10-billion in social grants is distributed to 10million recipients - on behalf of 16million beneficiaries - through tens of thousands of paypoints across the country.

FSB clears Pinnacle after trading probe

TECHNOLOGY group Pinnacle has been vindicated by the Financial Services Board (FSB), which cleared it of insider trading this week.

You can make it in life without a formal degree

WE did not need Statistics South Africa to tell us that young people in our country have a serious skills deficit. It's pretty self-evident.

'BEE stifles young blacks' prospects'

THE percentage of young black people in skilled positions has fallen since 1994 because of fundamental flaws in the system of black economic empowerment, says the head of the South African Chamber of Commerce and Industry, Neren Rau.

Your shares can't buy democracy

'IT'S not about what's best for all shareholders, it's about the incentives for management," said one CEO at a dinner a few weeks back, discussing why so few deals actually make it to a shareholder vote.

The brave new world of mining puts machines at the rock face

THE future of mining arrived quietly on a winter's day in July when South Africa's newest platinum mine, Booysendal, began production in the mountains on the border between Limpopo and Mpumalanga, about 35km from Mashishing (the former Lydenburg).

Fashion goes digital à la mode on social catwalk

Ready to WearTechnology is opening the rarefied world of designers' shows to all - and sales will reap the benefit

Living to inspire greatness in others

Why did you pursue your current career?

Well, it was not my initial choice. I grew up a young entrepreneur with a ...

Pursuit of profit at a steep social cost

IT would be difficult to find a more extreme example of the disconnect between the challenges facing a democratically elected government and those facing profit-driven companies than the battle between the minister of social development and Net1.

World beer industry must cure its profits hangover

"HERE'S to alcohol," said famous market analyst Homer Simpson, "the cause of, and solution to, all of life's problems." ...

Shoprite hit by dispensing fee pricing system

SHOPRITE has lodged a complaint with the Competition Commission, asking it to probe the pharmaceutical supply chain in its healthcare inquiry ...

AngloGold advisers left out in the cold

ANGLOGOLD Ashanti's blue-chip advisers, Goldman Sachs, UBS and Rothschild, will not earn a cent for months of work on winning Reserve Bank approval to split the mining house's business in two.

Hunt for Aurora's Bhanas

THE search is on for the Bhana family after the sheriff of the court's efforts to attach their assets to execute a R15.5-million court order were stymied by locked doors.

Cheaper natural gas prices a pipe dream for Joburg households

HOUSEHOLDS are not benefiting from the new gas pricing framework, which was designed in part to cut prices for small users.

China hits GlaxoSmithKline with a record £297m fine

CHINA has fined GlaxoSmithKline a record £297-million and imposed a suspended sentence on an executive for bribing doctors.

Sassa to issue new tender

THE SA Social Security Agency (Sassa) will file its second report to the Constitutional Court on September 19.

Downside to Bidvest bid

IT MAY have been a kneejerk reaction, but the call by Social Development Minister Bathabile Dlamini for her department, the Reserve Bank, the Treasury and the Competition Commission to scrutinise Bidvest's proposed acquisition of Grindrod Bank conjured up images of something messier than Walmart's controversial acquisition of Massmart.

Billionaires bloom in Asia

ASIA'S billionaires, led by Chinese tycoons, enjoyed the fastest increase in their wealth this year compared with their peers in the rest of the world, a report said this week.

More to BEE than tick-boxes

THE government needs to be more sensitive to economic circumstances and to the work business has already put into transformation, says Neren Rau, the head of the South African Chamber of Commerce and Industry .

Digital men woo with love bytes

ARE you disappointed by the man in your life? Tired of his stubbly chin and the way he lies around the house? Or would you just like a boyfriend with cat's ears?

Twin peaks regulation deserves a fair chance

FEW regulatory reforms have provoked as intense debate as the pending transformation of South Africa's financial regulation and supervision structures.

Matter of fact

THE Press Ombudsman has directed Business Times to apologise to Brooks & Brand (B&B) attorneys for unfairly using the word "gorge" in the headline and story about how it, in recovering money for victims of Barry Tannenbaum's Ponzi scheme, made a fortune while investors had yet to see a cent.

Now is the time to create black industrialists

THE government's stated intention to create 100 black industrialists over the next three years is part of the "radical transformation" that will take broad-based black economic empowerment to the next level.

Video revolution has arrived in SA

WHEN is a surprise not a surprise? When the only people who are surprised are those who weren't paying attention to what was happening around them.

Two new players add spice to SA television

SOUTH African couch potatoes have never had it so good. In the past fortnight, two new video-on-demand offerings have been launched, one using broadband connections and the other using satellite.

'Machines don't ask for 15% more every year'

FORMER Lonmin CEO Brad Mills believes that mechanising South Africa's platinum mines is the solution to the industry's cost and labour woes, even though the strategy cost him his job.

Miners who build houses, not shacks

MECHANISED mining requires a new breed of miner with a higher level of skill and training.

In the footsteps of Hans Merensky

STRETCHING in a vast arc like a halo around Pretoria - from Rustenburg in the east to Mashishing in the west - is the geological territory described as the Bushveld Igneous Complex.

Bad news for Abil's BEE shareholders

SHAREHOLDERS in African Bank's two black economic empowerment schemes are probably inclined to agree with corporate strategy practitioner Linda Nobaza, who says BEE share purchase schemes are a bit of a fraud.

Microsoft digs $2.5bn deep for Minecraft

WHEN the creator of the hit game Minecraft took to Twitter in June to beg somebody to take the company off his hands, it would have been hard to ...

One billion websites ... and counting

THE number of websites has burst above one billion and is growing apace, according to figures updated in real time this week by online tracker Internet Live Stats.

Retail sales spike but inflation edges up

RETAIL sales rose 2.4% year on year in July, above market expectations after a 0.9% contraction in June. Economists had forecast sales would rise 0.3%. Month on month, sales were up 1.2%.

Sentiment can trump anything

IT HAS been a fabulous ride this millennium for investors in property stocks - not only for capital gains but in the handsome income streams they have so reliably provided.

Chinese growth worries depress mining shares

SOUTH African share prices ended slightly lower at the close on Friday as subdued commodity prices and concern over Chinese growth weighed on resource shares. Other sectors were buoyed by relief at the outcome of Scotland's referendum.

Toddlers go gaga for gourmet meals

GROWING up in Scandinavia's richest country has its perks.