BLSA leader takes government to task

Business confidence in South Africa is at a 30-year low because of the behaviour of the government and its poor leadership‚ Business Leadership SA...

Auditor-general red flags SABC’s abysmal results; R3bn bailout an option

The auditor-general has warned about the going-concern status of the SABC‚ noting that the public broadcaster was commercially insolvent at the end of March. The...

Business Leadership SA backs Cosatu strike

Business Leadership South Africa (BLSA) has endorsed the national strike called by trade federation Cosatu and urged businesses to allow employees to exercise their...

SAA to cut flights by 23%

South African Airways (SAA) plans to significantly reduce its flights by 23% from the end of the year‚ 37% of which would be on...

SA banks ‘safe‚ well capitalised and sound‚’ despite Moody’s rating

The Banking Association of South Africa said the decision by Moody’s ratings agency to maintain its negative outlook for the banking industry was because...

Investors eye ocean economy wave

The exciting ocean economy, or Operation Phakisa, takes another step forward today when potential investors gather in Buffalo City to listen to government set...

SA economy exits recession

By: Sunita Menon And Staff Writers SA has left the economic recession behind‚ for now‚ as gross domestic product grew 2.5% in the second quarter...

Eskom was warned against Trillion payments

Eskom could have saved more than R300-million had it listened to advice it received in December that payments to Gupta-linked financial advisory firm Trillian...

Manyi is the only shareholder in Lodidox

Former government communications boss Mzwanele Manyi is the sole shareholder in Lodidox‚ which bought the Guptas' media interests with a loan from them‚ Manyi...

Eskom lied about R1.6bn payments to Gupta-linked firm

By: Stephan Hofstatter And Sikonathi Mantshantsha Eskom chief financial officer Anoj Singh is allegedly behind the power utility’s lies when it defended payments of R1.6bn...

Gupta partnership ‘hurt’ state-owned arms firm Denel

State-owned arms manufacturer Denel is reeling after a bad year in which weapons orders plummeted‚ half its board jumped ship and a disastrous and...

Manyi furious over TimesLIVE request to reveal Lodidox shareholders

TimesLIVE has sent a legal letter demanding that Gupta ally Mzwanele Manyi provide information on the identities of the shareholders in his company Lodidox. Lodidox...

‘Dodgy deals’ and power struggle at PetroSA

By: Natasha Marrian And Genevieve Quintal Allegations of the attempted "capture" of PetroSA form part of an affidavit filed at the High Court in Cape...

UPDATE: Guptas selling Tegeta mining interests

Gupta-owned Oakbay Investments announced on Wednesday that it was selling its mining business Tegeta Exploration and Resources‚ as the controversial family faces growing pressure...

Guptas selling Tegeta mining interests

Gupta-owned Oakbay Investments announced on Wednesday that it was selling its mining business Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97...

‘Vodacom‚ I hope you’re having the worst day’ – Customers vent after data ‘theft’

Mobile network provider Vodacom has promised to reimburse customers who mysteriously lost data and said the error would be rectified. But the apology did little...

Banks may still not touch New Age accounts

Banks may still be cautious about allowing The New Age or ANN7 to open bank accounts for businesses purposes‚ even after the Guptas have...

‘Your jobs are safe‚’ Guptas tell staff

Staff at the Gupta-owned ANN7 and The New Age have been told that their jobs are safe following the announcement that Oakbay are pulling...

Six companies face possible prosecution over employment equity

The Department of Labour’s Inspection and Enforcement Services branch has announced its intention to take six companies to court for prosecution for failure to...

Guptas sell media businesses to Manyi

The Guptas have agreed to sell their shares in The New Age newspaper and ANN7 channel to Lodidox‚ owned by Mzwanele Jimmy Manyi‚ for...

JSE opens firmer on upbeat Standard Bank interims

The JSE opened firmer on Thursday‚ supported by Standard Bank and Gold Fields on upbeat results and a positive trading update from troubled cement...

SAA’s small business procurement policy ‘illegal’

SAA's procurement policy‚ which sets aside 30% for small businesses‚ is illegal and will expose the airline to legal action by suppliers‚ including Bidair...

Entrepreneurs gather in EL to map their way to success

The  “I am an entrepreneur” business summit was in East London for its fourth session over the weekend, connecting over a hundred young entrepreneurs. The...

Rand perks up on improved global risk appetite

The rand was a shade stronger on Monday morning‚ partly reflecting an improvement in global risk appetite. In the absence of fresh developments in the...

KPMG acts against three partners over Gupta leaks disclosures

"Mistakes have been made‚" KPMG SA said on Friday. The auditing firm announced it had suspended its lead audit engagement partner and was relieving...

Bonds strengthen slightly as investors await signs of Zuma’s political future

South African bonds reversed from earlier weakness and were marginally firmer shortly before midday on Tuesday‚ as markets eyed the no-confidence vote in President...

Rand weakens slightly ahead of Baleka Mbete’s call on MPs’ vote

The rand was weaker against the dollar on Monday just before midday‚ after trading sideways earlier in the day. The local market was awaiting the...

Reserve Bank asked to release ‘apartheid-era’ secrets

The South African History Archive (SAHA) is going to the High Court in Johannesburg on Friday to compel the South African Reserve Bank to...

Chamber of Mines in court on Friday over new mining rights

The Chamber of Mines said on Thursday charged that the Department of Mineral Resources (DMR) Head Office has instructed all its regional offices to...

Top trends analyst comes to rattle EL’s business cages

Fashion guru turned trends forecaster Dion Chang will soon be rattling the cages of East London’s business and education communities with a groundbreaking talk...

Mkhwebane’s concessions on Reserve Bank mandate not enough‚ court told

Judge John Murphy on Tuesday reserved judgment in the High Court in Pretoria in a matter pitting the Reserve Bank against Public Protector Busisiwe...

Ceremony honours women of power

Fearless and resilient businesswomen who have made an impact on their communities and on the economy of the Eastern Cape were celebrated at the...

Bonds slightly weaker as focus shifts to economic data

Bonds were marginally worse shortly before midday on Monday‚ tracking the weaker rand as focus shifts to local and international data releases this week. Analysts...

Petrol price to increase by 19c per litre

Bad news for consumers is that the petrol price is to increase by 19 cents a litre next week on Wednesday. This is for both...

SA needs to think outside the box to boost the economy‚ says top economist

South Africa needs to start exploring non-traditional methods of boosting the economy‚ according to award-winning economist Nico Kelder. Speaking at the Gauteng Infrastructure Investment Conference...

R1.3m prize to help small, medium businesses

Black-owned small and medium enterprise businesses that have been operating for more than two years stand a chance to win up to R1.3-million in...

Rand flat after Fed-inspired overnight rally

The rand was little changed against major currencies on Thursday morning‚ holding on to gains from a rally last night as the dollar slid...

Where did Eskom’s R1 trillion go?

Eskom wants consumers to cough up more for electricity‚ but a lobby group has raised questions about how the power utility has spent hundreds...

Bonds slightly weaker ahead of Fed’s policy statement

South African bonds were slightly weaker on Wednesday morning as investors await the US Federal Reserve’s policy statement later in the day. The Fed is...

Consumers go the extra mile to save on meat

By: Naledi Shange And Kgaugelo Masweneng More people are ditching the butchery aisle in retail stores‚ cutting out the middle man and turning to bulk...

ANC has nowhere left to hide after state capture allegations‚ says Gobodo

Winds of change are sweeping South Africa and the African National Congress ruled government will get left behind if it does not shape up‚...

Despite the recession‚ now might be the best time to buy a new car

This may not seem like a wise time to buy a brand-new car‚ but if you’re toying with the idea‚ the numbers suggest that...

Rand pares some of its losses‚ despite slower pace of inflation in June

The rand was marginally weaker against major currencies shortly before midday on Wednesday‚ but had regained some strength despite consumer inflation moderating in June‚...

Rand holds steady ahead of Reserve Bank meeting

The rand was little moved on Monday morning‚ but retained its hefty gains from last week in price action that underscored the local currency’s...

Bonds slightly firmer ahead of US inflation data release

South African bonds were slightly firmer on Friday morning as global markets awaited the release of US inflation data later in the afternoon. US inflation...

Gigaba plans selling some assets and partial privatisation of SOEs to pull the economy...

By: Sunita Menon With Linda Ensor Finance Minister Malusi Gigaba has released an action plan for the economy with firm timelines‚ which includes developing a...

Pakati joins top SA delegation for China talks

Buffalo City Metro mayor Xola Pakati is part of a high-level delegation which will be spending the next two weeks in China, as part...

Bonds hold steady ahead of Janet Yellen’s testimony

The South African bond market settled into a narrow trading range on Wednesday‚ suggesting caution before US Federal Reserve chairwoman Janet Yellen’s testimony to...

COMMENTARY: Mkhwebane learns some lessons after Reserve Bank standoff

Public Protector Busisiwe Mkhwebane must have learnt her first important lesson since she took office in November last year — that holding office doesn’t...

Butter shortage hits

You can have your bread and eat it‚ but don't expect butter or bacon. Butter is in short supply worldwide due to consumers' love of...