Famous Brands profit plunges as it struggles to digest Gourmet Burger Kitchen

The £120m acquisition delivered a big boost to revenue, but net profit fell more than 80% — partly as a result of much higher finance costs

3 hours ago
Retrenchments at Pan African Resources’ Evander mine to cost R160m

A total of 1,700 employees will be laid off, as the list of gold and platinum miners in SA that are retrenching staff grows

9 minutes ago
South African politics and the economy: where do we stand and where are we headed?

SPONSORED | Renewed growth in SA depends on Ramaphosa’s ability to resolve the different views within the ANC

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KARYN MAUGHAN: Zuma was disastrous, but denial of poverty will negate any recovery

While the former president worsened inequality, the problem began before his reign and must be tackled, writes Karyn Maughan

6 hours ago
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Deutsche Bank to cut up to 10,000 jobs as new CEO tightens belt

The bank is cutting back its South African advisory and equities business as part of the global restructuring

updated 1 hour ago
New council for SOEs to provide political oversight and strategic management

The presidential state-owned enterprise co-ordinating council has been announced by President Cyril Ramaphosa

14 minutes ago
AngloGold job cuts add to mining’s woes

The producer is set to shed 2,000 posts, with fewer than 116,000 people still employed in gold mines

updated 6 hours ago
Cabinet approves amendment to charges relating to sex crimes

The change to the Criminal Procedure Act will allow for charges to be instituted, up to 20 years after the offence

33 minutes ago
PETER BRUCE: Cyril Ramaphosa’s best bet is an early election

An election would galvanise a degree of unity in a divided party, and Ramaphosa badly needs a mandate he can call his own

6 hours ago
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SARS staff exodus hobbles its fight against illicit flows

Mark Kingon tells Parliament the tax authority has not been able to deal efficiently with outflows

6 hours ago
Massmart shares fall sharply on warning of steep decline in earnings

Interim profit could fall by nearly 70%, thanks to restructuring costs, the Walmart-owned retailer says

1 hour ago
Why economists expect a steady repo rate for 2018

‘The Bank will play it on the safe side given the risks’

6 hours ago
EDITORIAL: Bring respect to sport’s Catch-22

The issue of racial quotas in sports is complex and not easily resolved, but attitudes must change. It should be approached with respect

6 hours ago
Tiger Brands reels from listeriosis fallout, but still pays dividend

Pretax profit, which fell 18%, would have been only 2% lower were it not for the product recall and factory shutdown

2 hours ago
‘Cash-strapped’ Zuma too broke to fight prosecution

Lawyer Michael Hulley says Zuma has terminated counsel’s brief because of uncertainty about whether the state will continue to fund his legal case

updated 6 hours ago
Mediclinic’s accounting loss at over £470m but it maintains final dividend

Thursday’s results were the last presented by Danie Meintjes, who will be succeeded as the group’s CEO by Dr Ronnie van der Merwe in June

1 hour ago
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Opinion

views & analysis

PETER BRUCE: Cyril Ramaphosa’s best bet is an early election

An election would galvanise a degree of unity in a divided party, and Ramaphosa badly needs a mandate he can call his own

Read More

KARYN MAUGHAN: Zuma was disastrous, but denial of poverty will negate any recovery

While the former president worsened inequality, the problem began before his reign and must be tackled, writes Karyn Maughan

Read More
Hilary Joffe Editor-at-large

HILARY JOFFE: Commission to spend next four months picking apart Tom Moyane’s mess at SARS

The Nugent commission will also recommend how SARS can resume collecting tax revenue effectively, efficiently, fairly

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