EconomyLoop
where regional business news becomes global to everyone

Presidency denies summoning senior SABC staff

The Presidency has refuted the DA's claims of a meeting between senior SABC staff and President Jacob Zuma's office.... read more

 SABC18 days ago

     
Fin24.com | Manuel on KPMG: Auditing profession needs time to heal

A world without auditors would be a "profound tragedy for risk" and the auditing profession needs time to heal after the KPMG blow out, says former finance minister Trevor Manuel.... read more

 South African Economy18 days ago
Buthelezi refutes Treasury power-grab claims

Finance Deputy Minister Sfiso Buthelezi has denied claims of a so-called power-grab of the Treasury.... read more

 SABC18 days ago
Fin24.com | Zimbabwe dollar dearth causes shortages, return of inflation

Zimbabwe’s money shortage has seen card and mobile-money payments eclipse cash sales, throttling suppliers’ stock of hard currency needed to put goods on shelves.... read more

 South African Economy18 days ago
Parliament awaits briefing on KPMG probe

Parliament's Standing Committee on Finance will on Tuesday be briefed by the Independent Regulatory Board for Auditors on progress report with regard to KPMG and Deloitte.... read more

 SABC18 days ago
Fin24.com | Wait on for veil to lift on SA secret fuel sale

Central Energy Fund board chairperson says the fund is still busy calculating how much SA lost when 10.3 million barrels from its strategic fuel reserve were sold off in 2015.... read more

 South African Economy18 days ago
Fin24.com | Pressure piles on SA household finances - index

A growing number of SA households will not be able to cope with emergency expenses and will not have sufficient income at retirement, according to a wealth index.... read more

 South African Economy18 days ago
Fin24.com | Increase in rate of commercial property development

Despite SA’s struggling economy, there has been an increase in the rate of commercial property development in the country’s main metropoles this year.... read more

 South African Economy19 days ago
Fin24.com | Over 2 million birds now dead in Western Cape's worst bird flu outbreak

The impact of avian influenza on the province's economy is estimated to be in the region of R800m.... read more

 South African Economy19 days ago
Petrol prices, more hikes forecast

The price of petrol is set to increase from Wednesday.... read more

 SABC19 days ago
Fin24.com | SIU to prioritise Eskom probe, awaits Zuma nod

The Special Investigations Unit has undertaken to prioritise the investigation into allegations of corruption and state capture at Eskom.... read more

 South African Economy19 days ago
Fin24.com | Moyane reiterates he's not happy with KPMG 'rogue unit' probe

Commissioner of the SA Revenue Service Tom Moyane reiterated in a letter to Parliament that he is “dissatisfied” with the way KPMG handled its investigative report into the SARS 'rogue unit'.... read more

 South African Economy19 days ago
Fin24.com | Improved optimism for future business conditions - index

The Absa Purchasing Managers’ Index for September showed that respondents are more optimistic about future business conditions.... read more

 South African Economy19 days ago
SAA bailout: Economists warn of dire consequences

Economists have warned that the recent transfer of additional funds from Treasury to South African Airways (SAA) will not sit comfortably with credit ratings agencies.... read more

 SABC19 days ago
Fin24.com | JUST IN: Petrol price up as AA warns of further fuel hikes

Petrol will increase by between 25 and 29 cents per litre, and diesel by 42 cents, in the latest fuel price increase on Wednesday.... read more

 South African Economy19 days ago
Fin24.com | UK manufacturing prices pick up as factories post solid growth

UK manufacturing growth has remained 'solid' in September and inflation pressures built, according to an industry survey.... read more

 South African Economy19 days ago
Fin24.com | Eskom: CEO Dladla taking stand against corruption

Eskom rejects the notion that its acting CEO Johnny Dladla is “sitting on his hands” and not acting against corruption in its ranks,says spokesperson Khulu Phasiwe.... read more

 South African Economy19 days ago
Euro jolted briefly by Spanish vote

The euro took a brief knock in Asia on Monday as investors kept an anxious eye on an independence vote in Spain's Catalonia.... read more

 SABC19 days ago
Fin24.com | Eurozone's economy shines through in year of political strain

Even as Catalonia serves a reminder that political risks remain, the eurozone’s year of living dangerously is turning out well for the economy.... read more

 South African Economy19 days ago
Fin24.com | Rating watch on mini budget amid Treasury capture reports

Rating agencies will likely keep watch for major developments in the medium term budget policy statement, following reports that Treasury has been captured, says an analyst.... read more

 South African Economy19 days ago
Eskom bags two awards in the Sunday Times top brands survey 2017

Electricity parastal Eskom attained second and third position in the consumer green and consumer social investment categories of the Sunday Times top brands survey 2017.... read more

 SABC19 days ago
Dlamini-Zuma lashes out at Rupert on radical economic transformation

African National Congress (ANC) presidential hopeful Dr Nkosazana Dlamini-Zuma has lashed out at wealthy businessman Johan Rupert.... read more

 SABC19 days ago
Fin24.com | DA calls for probe into PIC 'smear campaign'

The Democratic Alliance intends to ask deputy finance minister and chair of the PIC Sfiso Buthelezi, to launch an investigation into a smear campaign against the investment management company.... read more

 South African Economy20 days ago
Fin24.com | Captured Treasury a 'Constitutional crisis' - analyst

A report indicating the capture of National Treasury by Presidency confirms fears that have been a long time coming, say analysts.... read more

 South African Economy20 days ago
Fin24.com | Senior officials say Treasury is captured

Staff purges, claims of a parallel administration and reckless projects have followed the new finance minister.... read more

 South African Economy20 days ago
Fin24.com | Blacks still have a raw deal

ANC treasurer-general Zweli Mkhize has taken a swipe at corporate South Africa, saying its lack of transformation means black people still face an unfair battle when climbing the corporate ladder.... read more

 South African Economy20 days ago
Fin24.com | SAA bailout hikes fiscus

The airline is just one of many SOEs that need and will need cash from Treasury to shore up their finances.... read more

 South African Economy20 days ago
Fin24.com | It's about Tyme

Niche digital bank faces an uphill battle to break into the fiercely competitive local market.... read more

 South African Economy20 days ago
Fin24.com | Hands off the PIC’s funds

Finance Minister Malusi Gigaba has assured public sector trade unions and the public at large that the government has no intention of raiding civil service pension funds to keep SAA airborne.... read more

 South African Economy20 days ago
Fin24.com | FRA fights for margins

Fuel retailers are taking legal action against the energy ministry in a bid to extend retailers’ profits.... read more

 South African Economy20 days ago
Fin24.com | Cape Town hotels devising water saving plans

Hotels and guesthouses in Cape Town are doing their best to ensure that their customers save water this summer.... read more

 South African Economy20 days ago
Fin24.com | Sibanye ponders selling mines

One of the biggest gold producers in the country, Sibanye Stillwater, is considering selling some of its operations as part of various proposals made by the majority trade union at two of its units most affected by the looming retrenchments announced... read more

 South African Economy20 days ago
Fin24.com | So much for the nation’s ‘demographic dividend’

A study by Stats SA shows that corruption, a lack of jobs, poor education and a lack of healthcare have stifled the country’s ability to transition economically.... read more

 South African Economy20 days ago
Fin24.com | Baic’s R11bn Coega project is bleeding millions

A key contractor involved in Chinese car maker Baic’s R11 billion Coega project has appealed for no more disruptions, as it is already several months behind schedule.... read more

 South African Economy20 days ago
Fin24.com | Ocean life on the line

Major plan to develop thousands of kilometres of coastline will create a significant amount of jobs, but mature ecosystems may disappear.... read more

 South African Economy20 days ago
Fin24.com | Winning Women: The nucleus of medicine

Every second of every day more than one nuclear imaging scan takes place throughout the world to help in early diagnosis of diseases and ailments such as cancers and cardiovascular disease. Additionally, nuclear medicine is used to treat cancer and o... read more

 South African Economy20 days ago
Fin24.com | IMF to check its rich-world bias

The International Monetary Fund (IMF) this week announced a new investigation by its in-house watchdog into whether it underplayed the global problems caused by so-called unconventional monetary policy, including quantitative easing in the US, the EU... read more

 South African Economy20 days ago
Minister encourages use of public transport

Minister Joe Maswanganyi has called on the public to use public transport during Transport month in October in an effort to reduce traffic congestion.... read more

 SABC20 days ago
Ethiopia signs $1.3 bln loan and grant agreement with World Bank

The World Bank on Friday signed a $1.3 billion loan and grant agreement with Ethiopia to improve governance and fund an anti-poverty package.... read more

 SABC21 days ago
Consumer Affairs, Miosa raid second-hand motor dealerships

Consumer Affairs and the Motor Industry Ombudsman of South Africa (Miosa) have embarked on a nationwide blitz focussing on second-hand motor dealerships... read more

 SABC21 days ago
Lack of information remains reason many SA companies are failing

Lack of information remains one of the key reasons many South African companies are failing to secure business opportunities with the World Bank in developing country markets.... read more

 SABC21 days ago
Medium-term budget to give details on SAA budget

National Treasury says the medium term budget statement next month will shed the light on the impact of the R3 billion bailout of South African Airways (SAA) on government's finances.... read more

 SABC21 days ago
Fin24.com | PIC board clears Matjila of wrongdoing, slams 'distasteful' media reports

Meeting on Friday for its third special sitting this month, the board of state pension company the PIC cleared its CEO Daniel Matjila of any wrongdoing.... read more

 South African Economy22 days ago
SAA gets R3 billion to pay Citibank debt

South African Airways (SAA) has been provided with emergency state funds to help it repay loans of R3 billion to Citibank, the Treasury said on Friday.... read more

 SABC22 days ago
Fin24.com | Auditor General not dropping KPMG

The Auditor General will continue to use the services of KPMG, but limit these, for now, to audits already allocated to the embattled firm.... read more

 South African Economy22 days ago
Fin24.com | Nationalise Gupta-owned companies to save workers, Numsa urges

In exactly two days the lives of 7 500 workers and their families will be plunged into uncertainty because Gupta-ownedfirms will have no bank, says the union.... read more

 South African Economy22 days ago
Fin24.com | Real disposable salaries still lower than 2 years ago

Average real disposable salaries in SA remain below their previous high in October 2015, according to the latest BankservAfrica Disposable Salaries Index.... read more

 South African Economy22 days ago
Fin24.com | It's a tragedy that KPMG allowed itself to be used - Mohale

KPMG allowed themselves to be used for the factional battles of the ANC – and that’s a tragedy, says Bonang Mohale, CEO of Business Leadership South Africa.... read more

 South African Economy22 days ago
Fin24.com | Zim criminalises cash vending

The Zimbabwean government has gazetted regulations that criminalise cash vending without permission from the exchange control authority.... read more

 South African Economy22 days ago
Fin24.com | US consumer spending cools on drop in vehicle purchases

US consumer spending has cooled on a cutback in auto purchases that partly reflected less demand linked to Hurricane Harvey.... read more

 South African Economy22 days ago