EconomyLoop
where regional business news becomes global to everyone

Fin24.com | Water scarcity could be bigger problem than energy crunch - analyst

South Africa’s widespread water crisis is not only being caused by a severe drought but by “political apathy”, says Nedbank.economist Mike Peo. water scarcity problem would be even more challenging than solving the problem of energy supply.... read more

 South African Economy3 minutes ago

     
Fears as striking miners spend days underground

Fears have been expressed about the health of about 150 miners, who have been on an underground strike at Kimberley's Ekapa Mine for five days... read more

 SABC3 hours ago
Slow growth experienced in SA is likely to further increase poverty

The World Bank has revised the country's growth for 2017 from 1.1 % in January to 0.6 %.... read more

 SABC3 hours ago
Tiso Black Media seeks to meet ZCC over boycotting decision

Tiso Blackstar Media has called for an urgent meeting with the Zion Christian Church leadership in Polokwane, Limpopo.... read more

 SABC3 hours ago
Fin24.com | Used car dealer must pay back the money for dud car

A Cape Town car dealership has been ordered to refund a consumer who bought a second-hand car, only to have it break down a few days later.... read more

 South African Economy6 hours ago
Fin24.com | Top 5 on Fin24: KPMG International chair says sorry, Manuel on #GuptaLeaks, and PnP trials Bitcoin

In case you missed it, here is a roundup of Tuesday’s top 5 reads on Fin24.... read more

 South African Economy6 hours ago
Fin24.com | South Africans disclose R35bn in offshore assets to taxman

South Africans have declared almost R35bn worth of foreign assets under the government-initiated special voluntary disclosure programme (SVDP) that closed last month.... read more

 South African Economy9 hours ago
Fin24.com | Come clean before it's too late, Save SA warns Gupta-linked firms

South African outrage has already put an end to Bell Pottinger’s global dark arts, and dealt a body blow to KPMG’s reputation, warns Save SA.... read more

 South African Economy10 hours ago
Fin24.com | #GuptaLeaks will open Pandora's box - Manuel

South Africa’s complex set of problems is unravelling, exposing the bad in the country including "shenanigans" at SARS, says former finance minister Trevor Manuel.... read more

 South African Economy13 hours ago
Slow economic growth likely to increase poverty trends

The World Bank has revised the country's growth for 2017 from 1.1% to 0.6% in January.... read more

 SABC15 hours ago
Fin24.com | German investor confidence surges as concerns over euro fade

German investor confidence has risen for the first time in four months in a sign that concern over the risk to growth from the strengthening euro is subsiding.... read more

 South African Economy15 hours ago
KPMG damage control could be in vain: Expert

The South African Revenue Services (SARS) held a press briefing in which it withdrew its rogue unit report calling into question the integrity of auditing firm, KPMG on Monday.... read more

 SABC16 hours ago
Fin24.com | Do immigrants 'steal' jobs in SA? What the data tells us

South Africa is a popular destination for immigrants, especially from other African countries. Does their presence affect the employment chances of South Africans?... read more

 South African Economy16 hours ago
Fin24.com | Building prospects in doldrums despite slight confidence uptick

Despite a slight increase in confidence, the building sector is likely to continue to perform poorly in the fourth quarter, according to the Building Confidence Index.... read more

 South African Economy16 hours ago
Companies must severe ties with KPMG: Economist

Chief executive of Pan-African Investments and Research Services, Iraj Abedian, says companies using the services of KPMG must severe ties with them.... read more

 SABC17 hours ago
Right2Know to protest over high data, airtime prices

Civil rights organisation Right2Know will on Monday protest at the headquarters of South Africa's four largest telecommunications companies in Gauteng to demand a decrease in the price of data.... read more

 SABC20 hours ago
Fin24.com | What different generations want from shopping

A retail expert takes a closer look at the shopping approach of Generation I, Generation D, the Millennials, Generation X, Generation Jones and the Flat-agers.... read more

 South African Economy23 hours ago
Sars mulls legal action against KPMG

The South African Revenue Services (Sars) says it will institute legal action against auditing firm KPMG.... read more

 SABCYesterday
Molefe denies taking any position at PIC

Former Eskom CEO, Brian Molefe, says he has not been approached to consider taking up any position at the Public Investment Corporation.... read more

 SABCYesterday
Fin24.com | EFF questions presence of ANC MP at SARS briefing

The Economic Freedom Fighters has hit out at the presence of ANC MP Nyami Booi at the SARS media briefing about KPMG.... read more

 South African EconomyYesterday
Fin24.com | Egypt knocks SA from top investment spot in Africa - RMB report

Egypt has toppled SA from its long-standing top spot regarding investments in Africa, according to Rand Merchant Bank’s latest Where to Invest in Africa report.... read more

 South African EconomyYesterday
Fin24.com | McKinsey faces legal action over Gupta-linked Eskom saga

The Democratic Alliance says it will lay fraud, racketeering and collusion charges against US global consultancy firm McKinsey, after it was implicated in the Eskom corruption scandal.... read more

 South African EconomyYesterday
Fin24.com | Top 10 quotes as Moyane lashes out at KPMG

SARS Commissioner Tom Moyane has whipped KPMG as he defended the tax authority, following the audit firm's decision to retract parts of the “rogue unit” report.... read more

 South African EconomyYesterday
Fin24.com | Government debt up as growth falters in ailing economy

Reserve Bank data shows government debt continues to grow, despite efforts to remain on the path of fiscal consolidation.... read more

 South African EconomyYesterday
Fin24.com | Moyane lambastes KPMG, SARS to take legal action

SARS Commissioner Tom Moyane says the tax authority is considering taking legal action against KPMG following the decision to retract parts of the 'rogue unit' report.... read more

 South African EconomyYesterday
Fin24.com | Economists boost eurozone outlook, see best year in a decade

The eurozone economy has just gotten another upgrade, with economists seeing the fastest expansion since before the financial crisis.... read more

 South African EconomyYesterday
Fin24.com | Bell Pottinger fallout continues as Geoghegan’s father quits UK firm

The fallout following Bell Pottinger’s collapse last week has continued, with the man who introduced the Guptas to the PR firm stepping down from a UK firm.... read more

 South African EconomyYesterday
Watch SARS media briefing on KPMG

The South African Revenue Service (SARS) is briefing the media on the withdrawal by KPMG of its SARS Report.... read more

 SABCYesterday
Fin24.com | London slumps as UK sellers raise home prices

UK house prices have grown at the slowest annual pace in more than five years this month as a slump in London weighed on the market.... read more

 South African EconomyYesterday
Fin24.com | LIVE: SARS to shed light on withdrawal of KPMG report

SARS will hold a media briefing, following KPMG's withdrawal of the SARS 'Rogue Unit' report, which analysts say cost Pravin Gordhan his job and ultimately led to the credit downgrade.... read more

 South African EconomyYesterday
Fin24.com | Gordhan: SARS is a political project run by people who can’t manage tax system

SARS has became a political project and is now run by people who have no idea how to manage a tax administration system, Pravin Gordhan has said in a Bloomberg interview.... read more

 South African EconomyYesterday
Fin24.com | Reserve Bank expected to cut interest rate this week

A shallow interest rate cutting cycle seems likely with at least one 25 basis-point cut expected in September 2017, predicts Arthur Kamp of Sanlam Investments.... read more

 South African EconomyYesterday
Makhura ropes in national govt to deal with Uber war

Gauteng Premier, David Makhura, says he has requested the intervention of national government in the on-going violence between metered taxi and Uber operators.... read more

 SABC2 days ago
Newly-appointed KPMG South Africa CEO committed to restore audit firm

The newly-appointed Chief Executive of KPMG South Africa, Nhlamu Dlomu has committed to restore the audit firm's fundamental values of ethics and integrity.... read more

 SABC2 days ago
Fin24.com | Hawks probe into Guptas: DA throws in KPMG statement

The Democratic Alliance has handed over a statement by KPMG International to the Hawks to assist with an investigation into the notorious Gupta family.... read more

 South African Economy2 days ago
Fin24.com | Parliament to investigate massive Transnet locomotive tender

Parliament’s trade and industry oversight committee has agreed to launch an inquiry into Transnet’s controversial acquisition of 1 064 locomotives at a cost of R50bn.... read more

 South African Economy2 days ago
Fin24.com | South Africans opt out of travel bucket list

South Africans are continuing to tighten their belts, skipping holidays and rather prioritising daily necessities, surveys show.... read more

 South African Economy2 days ago
Fin24.com | Risk side of SA's reputation going down

The risk side of South Africa's reputation is deteriorating notably, according to the Africa Risk-Reward Index released by Oxford Economics.... read more

 South African Economy2 days ago
Fin24.com | Patel warns of complacency in beneficiation

Economic Development Minister Ebrahim Patel says more needs to be done to implement beneficiation, but shares on the progress that has been made so far.... read more

 South African Economy2 days ago
NUM instructed to vacate Kimberley's KEM-JV mine

A court interdict has been issued against the National Union of Mineworkers (NUM) to vacate Kimberley Ekapa Mining Joint Venture (KEM-JV) mine's premises for safety reasons.... read more

 SABC2 days ago
Fin24.com | Banks must deal with criticism and negotiate

South Africa’s banks have to address both the fair and unfair criticism levelled at them before the “climate for negotiation” is lost, said Yunus Carrim, the chair of Parliament’s standing committee on finance.... read more

 South African Economy2 days ago
Fin24.com | Harmony is most likely the buyer of Anglo’s Kopanang

With two of the three initial bidders for AngloGold Ashanti’s Kopanang mine in Klerksdorp, North West, having received letters of rejection, the door seems wide open for deep-pocketed Harmony Gold to win.... read more

 South African Economy2 days ago
Fin24.com | ‘SA’s troubles are self-inflicted’

Business Leadership SA (BLSA) CEO Bonang Mohale is not a man who minces his words.... read more

 South African Economy2 days ago
Fin24.com | Black contractors viewed with suspicion

There is a culture of institutional suspicion in the construction industry as black contractors’ ability to undertake construction projects is being questioned.... read more

 South African Economy2 days ago
Fin24.com | Varsity killed the college

The notion of free university tuition has gained ground in state circles, yet the chronic underfunding of technical and vocational colleges remains unacknowledged.... read more

 South African Economy2 days ago
Fin24.com | Keeping his eye on the prize

Investment manager Kabelo Rikhotso learnt his street smarts growing up in Atteridgeville, and always wanted to change lives.... read more

 South African Economy2 days ago
Fin24.com | Kubayi: I’ll go to court if IPP renegotiations fail

Energy Minister Mmamoloko Kubayi says she will go to court to challenge independent power producers that do not drop their previously agreed tariffs.... read more

 South African Economy2 days ago
NUM blames mine for workers refusing to return to surface

The National Union of Mineworkers (NUM) says the Kimberley Ekapa Mining Joint Venture should take full responsibility for underground mineworkers who are refusing to return to the surface.... read more

 SABC3 days ago
Fin24.com | KPMG bloodbath: SA Twitter reacts

Twitter SA's reaction to the resignation of the top leadership of KPMG SA was swift. Here's a selection of what got the country talking.... read more

 South African Economy3 days ago
Gordhan seeks legal recourse on KPMG issue

Former Finance Minister Pravin Gordhan and other former SARS executives mentioned in the KPMG report are seeking legal recourse.... read more

 SABC3 days ago