 EconomyLoop where regional business news becomes global to everyone  | ||
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| Gordhan lays into Eskom board over Molefe Former finance minister Pravin Gordhan on Tuesday called for the Eskom board to be fired.... read more
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| Fin24.com | Junk status: Artisans can still thrive The credit downgrade may create business opportunities for artisans, says an economist.... read more
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| 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
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| 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
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| 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
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| 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
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| 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
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