EconomyLoop
where regional business news becomes global to everyone

Fin24.com | South Africans poorer than they were in 2015 - report

The average adult South African is poorer in 2016 than in 2015, research shows.... read more

 South African Economy13 minutes ago

     
Fin24.com | Transformation not a scary word - tourism CEO

SA Tourism CEO Sisa Ntshona explains why transformation is not a scary word for the tourism industry.... read more

 South African Economy1 hour ago
Fin24.com | Don't tap into PIC for SAA bailout - union

A public services trade union has voiced concern that Treasury could consider the Public Investment Corporation as one of the options to finance lossmaking state carrier SAA.... read more

 South African Economy1 hour ago
Fin24.com | Solidarity wants court to intervene in Molefe matter

Trade union Solidarity has submitted a court application to have the Eskom board's decision to reinstate Brian Molefe overturned.... read more

 South African Economy2 hours ago
Fin24.com | Nehawu meets with Tuks VC over demands

Members of Nehawu are to meet with the University of Pretoria following deadlocked negotiations and the threat of intensified strike action.... read more

 South African Economy2 hours ago
Fin24.com | Eskom denies destroying Molefe papers, but DA says source is solid

The DA has made startling claims that Eskom is destroying key documents and correspondence regarding the reappointment of CEO Brian Molefe.... read more

 South African Economy4 hours ago
Fin24.com | SARS investigating Zuma's Nkandla fringe benefit tax

The Democratic Alliance wants the SA Revenue Service to speed up its probe into President Jacob Zuma's fringe benefit tax relating to his Nkandla homestead upgrades.... read more

 South African Economy4 hours ago
Fin24.com | US home prices rises 6% as supply tightens

Home prices in the US has increased 6% in the first quarter from a year earlier as competition heated up for a scarcity of listings.... read more

 South African Economy5 hours ago
Fin24.com | Eskom issue difficult, embarrassing for ANC - Mkhize

Eskom is a difficult and embarrassing issue for the ANC, treasurer general Zweli Mkhize has said.... read more

 South African Economy5 hours ago
Fin24.com | China downgrade may build debt mountain

The downgrade of China’s debt by Moody’s Investors Service may push Chinese companies to borrow even more money from domestic banks, increasing risks for the finance industry.... read more

 South African Economy5 hours ago
Fin24.com | Investors seek clarity on ANC policies - research

As the ANC prepares for its National Policy Conference in June, analysts say investors may have reservations over a few statements in the discussion documents.... read more

 South African Economy7 hours ago
Fin24.com | Gigaba: Ratings agencies fret over SOEs, policy uncertainty

Ratings agencies' biggest concerns are state-owned firms, the ability to grow the economy and resolving policy uncertainty, says Finance Minister Malusi Gigaba.... read more

 South African Economy7 hours ago
Fin24.com | China hit by first Moody's downgrade since 1989

Moody’s Investors Service has cut its rating on China’s debt for the first time since 1989, challenging the view that leadership will be able to rein in leverage.... read more

 South African Economy8 hours ago
Fin24.com | Inflation drops in April

April's consumer price index came down to 5.3% from 6.1% reported in March, says Statistics South Africa.... read more

 South African Economy11 hours ago
ANC in Parliament urges probe into Brian Molefe matter

The ANC in Parliament has called for a probe into the Eskom board following he re-instatement of Brian Molefe as CEO.... read more

 SABC13 hours ago
Numsa demands transparency over GM deal

NUMSA says it wants complete transparency in the deal signed by Isuzu and General Motors to see how it will benefit the workers.... read more

 SABC13 hours ago
Fin24.com | Maswanganyi vows bold state intervention to drive transformation

Radical economic transformation has been the theme of new transport minister Joe Maswanganyi's first budget and policy statement to the National Assembly.... read more

 South African Economy15 hours ago
Gordhan lays into Eskom board over Molefe

Former finance minister Pravin Gordhan on Tuesday called for the Eskom board to be fired.... read more

 SABC21 hours ago
Govt committed to monitor SOEs debt levels: Gigaba

Finance Minister Malusi Gigaba has committed his department to monitor the debt levels of state owned companies closely to ensure that they do not pose undue risk to the country's economy.... read more

 SABC21 hours ago
Sasbo opposes imminent retrenchments at African Bank

Finance union, Sasbo, says it is opposing the imminent retrenchments at African Bank and has applied to the CCMA for facilitation on the matter.... read more

 SABC21 hours ago
Johannesburg looks for unpaid taxes

The City of Johannesburg is going after commercial customers including hotels and shopping malls in an effort to recoup R5-billion a year in unpaid rates and taxes.... read more

 SABC21 hours ago
Fin24.com | Eskom to face court case, two inquiries and board review

The three spheres of SA’s democracy will get a turn to dig deeper into the leadership crisis at Eskom, following the power utility’s appearance before Parliament.... read more

 South African Economy22 hours ago
Fin24.com | Gold: an entirely different game

The analysts at Overberg Asset Management look at what is happening to gold against the backdrop of current events.... read more

 South African Economy23 hours ago
Fin24.com | Fraud cloud over Molefe's reappointment

The ANC study group says Brian Molefe’s reinstatement as Eskom CEO raises questions of "possible fraud", which he may have committed when he was sworn in as MP.... read more

 South African Economy23 hours ago
Fin24.com | Nehawu warns of intensified strike action after deadlock

Nehawu leadership has warned that their strike action will intensify after negotiations with the University of Pretoria reached a deadlock.... read more

 South African EconomyYesterday
Fin24.com | Gigaba appointed to 'defang' Treasury - opposition

Opposition political parties say Finance Minister Malusi Gigaba's appointment had nothing to do with boosting efficiency, but instead was meant to “defang” National Treasury.... read more

 South African EconomyYesterday
Fin24.com | No magic bullet to improve junk status - Gigaba

South Africa’s debt has grown since the financial crisis of 2008 and there is no “magic bullet” to improve South Africa’s junk rating, says Finance Minister Malusi Gigaba.... read more

 South African EconomyYesterday
Fin24.com | ANC leaders to discuss Zuma removal at NEC - Bloomberg

The top leadership of the ruling African National Congress will discuss the option of removing President Jacob Zuma from his post at a May 26 to 28 meeting.... read more

 South African EconomyYesterday
News24.com | BREAKING: Brown, Eskom committed perjury, says ANC

The ANC says representations by Eskom and Public Enterprises Minister Lynne Brown in Parliament about the reinstatement of Brian Molefe as Eskom CEO are disingenuous and "amount to perjury".... read more

 South African EconomyYesterday
Fin24.com | Brown opens up on how Eskom kept her in the dark

Public Enterprise Minister Lynne Brown says she was not involved in Brian Molefe’s reinstatement at Eskom and only worked in the best interests of the country.... read more

 South African EconomyYesterday
Fin24.com | UK starts new fiscal year with surprise borrowing increase

Britain has recorded a larger-than-forecast budget deficit in the first month of the new fiscal year as accelerating inflation pushed up debt costs.... read more

 South African EconomyYesterday
Fin24.com | Business leaders call for state capture probe into Presidency

Business Leadership South Africa has joined the chorus of calls by civil society and others in leadership for an independent inquiry into the Presidency over allegations of state capture.... read more

 South African EconomyYesterday
Fin24.com | WATCH LIVE: Molefe's Eskom comeback in spotlight

Watch as the drama unfolds as Public Enterprises Minister Lynne Brown and the Eskom board face a grilling over the reinstatement of Brian Molefe as chief executive.... read more

 South African EconomyYesterday
Brown not opposing court plea on Molefes reappointment

Public Enterprises Minister Lynne Brown has withdrawn her opposition to the court application for the reappointment of Brian Molefe as CEO of Eskom be set aside.... read more

 SABCYesterday
Fin24.com | Gordhan launches shock attack on Eskom

In an unprecedented move former finance minister Pravin Gordhan has accused Eskom of state capture while he climbed into Public Enterprises Minister Lynne Brown and Eskom chairperson Ben Ngubane.... read more

 South African EconomyYesterday
Fin24.com | FULL STATEMENT: Lynne Brown withdraws opposition to DA's Molefe case

In a surprise move, Public Enterprises Minister Lynne Brown has withdrawn her opposition to an urgent court application by the DA to have Eskom CEO Brian Molefe's reappointment set aside.... read more

 South African EconomyYesterday
Watch Eskom, Minister Brown briefing Parliament Committee

Public Enterprises Lynne Brown and the board of Eskom are appearing before Parliament's Public Enterprises Committee to discuss the re-instatement of Brian Molefe as CEO of the power utility.... read more

 SABCYesterday
Fin24.com | German growth broadens as economy has best quarter in a year

From consumer spending to investment to exports, all parts of the German economy has helped to push growth to 0.6% in the first quarter, the fastest in a year.... read more

 South African EconomyYesterday
Fin24.com | Trump seeks $3.6trn in cuts to reshape govt

President Donald Trump would dramatically reduce the US government’s role in society with $3.6trn in spending cuts, in a budget plan that shrinks the safety net for the poor.... read more

 South African EconomyYesterday
SA requires urgent transformation programme: Gordhan

South Africa needs to understand state capture and the damage it is doing in the country, according to former finance minister Pravin Gordhan.... read more

 SABCYesterday
Fin24.com | LIVE: Parliament to grill Brown and Eskom over Molefe

A Parliamentary oversight committee will grill Public Enterprises Minister Lynne Brown and the Eskom board over the reinstatement of Brian Molefe as chief executive.... read more

 South African EconomyYesterday
Fin24.com | The dead are bidding for government business in SA

National Treasury has discovered about 12 000 dead people in its register of companies that do business with the state.... read more

 South African EconomyYesterday
Eskom, Minister Brown to appear before Parly Committee

Lynne Brown and the board of Eskom will appear before Parliament's Public Enterprises Committee on Tuesday.... read more

 SABCYesterday
Fin24.com | Analysts weigh in on SARB 's next interest rate move

Analysts have given their take on what the monetary policy committee of the SA Reserve Bank is likely to do about interest rates this week.... read more

 South African EconomyYesterday
Fin24.com | Junk status: Artisans can still thrive

The credit downgrade may create business opportunities for artisans, says an economist.... read more

 South African EconomyYesterday
Govt to give direction on Molefe matter: Ramaphosa

ANC Deputy President Cyril Ramaphosa says government will soon give a way forward on the re-appointment of Brian Molefe as Eskom' CEO.... read more

 SABCYesterday
Different sectors continue to shed jobs

Different sectors continue to shed jobs as the country's economic conditions become more precarious and the political uncertainty increases.... read more

 SABCYesterday
Cabinet ministers meet S&P Global Ratings on Monday

Cabinet ministers met S&P Global Ratings on Monday following discussions with Moody's last week.... read more

 SABCYesterday
Fin24.com | Ministers meet S&P as SA seeks to avert downgrade

Four South African ministers have met with S&P Global Ratings after discussions with Moody’s Investors Service last week as the nation seeks to avoid another downgrade.... read more

 South African EconomyYesterday
Fin24.com | Gordhan: SA does not belong to one family

Former finance minister Pravin Gordhan says South Africans should take ownership of the legacy of the country to prevent it from becoming a kleptocratic state.... read more

 South African Economy2 days ago