EconomyLoop
where regional business news becomes global to everyone

Fin24.com | Why South Africans feel poorer than they really are

The average disposable salary is still below the average take-home pay levels of the end of 2015 and beginning of 2016, according to a BankservAfrica index.... read more

 South African Economy1 hour ago

     
Construction Council identifies fraud in industry

The South African Council for the Project and Construction Management Professions says it has identified acts of fraud and corruption in its organisation and the construction industry.... read more

 SABC1 hour ago
Fin24.com | Job, wage security continue to decline - index

The Solidarity-ETM Labour Market Index is seen by the union as a measure of job and wage security in the SA labour market.... read more

 South African Economy2 hours ago
Fin24.com | Ramaphosa reacts to Zuma credibility to appoint state capture commission

Deputy President Cyril Ramaphosa was in a tight spot when he was asked if it’s rational for President Jacob Zuma to appoint a commission of inquiry into state capture.... read more

 South African Economy3 hours ago
Illicit tobacco traders a threat to jobs

Tobacco giant - British American Tobacco - says hundreds of jobs in the tobacco industry are at risk due to illicit trading.... read more

 SABC8 hours ago
Proposal to sell Telkom assets to fund SAA open for debate: Ramaphosa

Deputy President Cyril Ramaphosa says the proposal to sell Telkom's assets in order to fund ailing South African Airways ought to be open for discussion.... read more

 SABC8 hours ago
Tegeta's new owners could incur huge losses

Analysts say the new owners of Gupta-owned Tegeta could incur heavy losses if the transactions that Tegeta has entered into are found to be unconstitutional.... read more

 SABC8 hours ago
Fin24.com | More rate cuts in store for consumers - analysts

The SA Reserve Bank may cut rates further on the back of falling inflation, say analysts.... read more

 South African Economy10 hours ago
Fin24.com | Long-term view of the rand

Given that investors wish to preserve and grow their investments in rand and dollar terms, South Africans are rightly asking where the rand is going.... read more

 South African Economy11 hours ago
Fin24.com | Unclear whether 72 'Gupta transactions' are being investigated

There has been no indication yet whether 72 suspicious transactions worth R6.8bn with which the Gupta family is connected, will be investigated further.... read more

 South African Economy11 hours ago
Fin24.com | Guptas' Tegeta, tax shenanigans dominate headlines

The Guptas have dominated the headlines once again with the announcement that it is selling Tegeta, which it wrestled from Glencore in a questionable fashion.... read more

 South African Economy12 hours ago
Fin24.com | Business not the enemy, says Mohale as BLSA affirms belief in SA

Business Leadership South Africa is taking a stand against corruption by cleaning its own house, and calling out government.... read more

 South African Economy12 hours ago
Fin24.com | #EskomInquiry: MPs insist on experienced advocate as evidence leader

MPs tasked with an inquiry into state capture allegations at Eskom, Transnet and Denel are adamant that they want Advocate Nthuthuzelo Vanara as evidence leader.... read more

 South African Economy12 hours ago
Fin24.com | Workers in steel sector to benefit from 7% wage increase

Labour unions have settled on a three-year wage agreement for members working in the steel industry.... read more

 South African Economy12 hours ago
Fin24.com | Wind sector welcomes clarity on Eskom IPP signing date

The South African Wind Energy Association has welcomed Energy Minister Mmamoloko Kubayi’s announcement regarding progress in unlocking Eskom’s delayed signing of power purchase agreements.... read more

 South African Economy17 hours ago
Fin24.com | Bitcoin: bubble or true benefit for society?

Bitcoin’s investment returns are attracting significant interest from retail investors, however, some caution is merited, says Overberg Asset Management.... read more

 South African Economy17 hours ago
Fin24.com | Draghi urges open-minded central banking as economy changes

Mario Draghi says central banks must be open-minded on policy innovations as they prepare for future economic developments - even if that concept is not clear to everyone.... read more

 South African Economy18 hours ago
SAA admits to weak balance sheet

South African Airways (SAA) has told Parliament that its cost of doing business is very high.... read more

 SABC19 hours ago
Fin24.com | Eurozone factories feed best growth spell for economy in years

Surging demand for ‘made in the eurozone’ goods is feeding an economy that is creating jobs and finally also seeing price growth accelerate.... read more

 South African Economy20 hours ago
Fin24.com | May compromises on EU court to speed up Brexit talks

Prime Minister Theresa May has conceded that European Union law will influence the UK long after Brexit, a climbdown aimed at accelerating divorce talks.... read more

 South African Economy20 hours ago
Fin24.com | Gordhan calls for urgency on state capture probe as Guptas dump assets

The disposal within 48 hours of three SA assets owned by the Guptas should fuel the urgency to move forward with the inquest into state capture, says former finance minister Pravin Gordhan.... read more

 South African Economy20 hours ago
Fin24.com | French manufacturing propels economic growth as services slow

French manufacturing has unexpectedly expanded at the fastest pace since 2011, underpinning a recovery in the eurozone’s second-largest economy.... read more

 South African Economy21 hours ago
Fin24.com | BLSA launches fightback against #WMC

BLSA has launched a ‘contract with South Africa’ to fight White Monopoly Capital by focusing on job creation, inclusive economic growth, empowering black business and crushing corruption.... read more

 South African Economy21 hours ago
Oakbay sells Tegeta for R2.97 billion

Oakbay Investments said on Wednesday it would sell its mining unit Tegeta for R2.97 billion ($225 million) to Switzerland-based Charles King SA.... read more

 SABC21 hours ago
Fin24.com | JUST IN: Inflation continues downward trend to 4.6%

July inflation declined to 4.6%, according to StatsSA.... read more

 South African Economy22 hours ago
Fin24.com | The poor spend most of their income on food

Data from Statistics South Africa revealed that poor households spend most of their income on food, compared to richer households.... read more

 South African EconomyYesterday
Private sector lagging behind in empowering women

The private sector in South Africa is lagging behind government when it comes to empowering women.... read more

 SABCYesterday
Tough times loom, poverty to deepen

British charity Oxfam has warned that South Africa's efforts to alleviate poverty will fail because government's policies do not put enough focus on job creation.... read more

 SABCYesterday
Fin24.com | South Africans work harder for cheaper meat - study

South Africa’s meat is 20% cheaper than the world average, but South Africans have to work more hours than their counterparts in other countries to afford it, a study shows.... read more

 South African EconomyYesterday
Fin24.com | TOP 7 on Fin24: Eskom, nuclear, poverty in South Africa and Vodacom's disappearing data

In case you missed it #ICYMI, here is a roundup of today's top 7 reads on Fin24.... read more

 South African EconomyYesterday
Fin24.com | Eskom can now pursue R60bn in tariff hikes

Eskom has been given the green light to pursue up to R60bn in clawback tariffs, after a Constitutional Court ruling.... read more

 South African EconomyYesterday
Fin24.com | Leaked AG report points to irregular nuclear tenders

The Auditor-General has allegedly found gross irregularities in a nuclear tender awarded to the son of President Jacob Zuma’s benefactor, Vivian Reddy.... read more

 South African EconomyYesterday
Fin24.com | Home prices in US rises 6.6% in the second quarter

Home prices in the US have increased 6.6% in the second quarter from a year earlier as buyers competed for a shrinking supply of listings.... read more

 South African EconomyYesterday
Vodacom apologises for airtime, data disappearance

Network company, Vodacom has issued out an apology and has assured customers that it aims to rectify its error.... read more

 SABCYesterday
Fin24.com | Even in the best democracies statisticians are not safe - Pali Lehohla

Statistics create a platform for policymakers to engage and prescribe solutions to the country’s challenges, says Statistician General Pali Lehohla.... read more

 South African EconomyYesterday
Fin24.com | UK asks EU to leave legal relationships untouched by Brexit

The UK wants to keep London at the centre of European commercial legal disputes after Brexit. Except, without the European Court of Justice.... read more

 South African EconomyYesterday
Fin24.com | Energy minister on clean-up mission at department

Energy Minister Mmamoloko Kubayi is on a clean-up mission at the Department of Energy, amid a period of high vacancies and allegations of corruption.... read more

 South African EconomyYesterday
Fin24.com | Eskom IPP signing date to be revealed this month - minister

Energy Minister Mmamoloko Kubayi says the date for the signing of Eskom’s power purchase agreements relating to the renewable energy IPPs will be announced by the end of August.... read more

 South African EconomyYesterday
Fin24.com | More than 50% of SA’s population is living in poverty

More than half of the South African population is living in poverty, data from Statistics South Africa revealed.... read more

 South African EconomyYesterday
Fin24.com | Zuma should face ANC inquiry - Sisulu

The ANC should initiate disciplinary action over allegations that President Jacob Zuma and members of a family in business with his son have looted state coffers, says Lindiwe Sisulu.... read more

 South African Economy2 days ago
Infrastructure a catalyst for increasing inter-regional trade: Davies

The development of infrastructure was an essential and absolutely fundamental catalyst for regional integration for increasing inter-regional trade and for industrialisation in Africa.... read more

 SABC2 days ago
Manyi determined to grow his new media companies

Controversial Gupta-aligned businessman Mzwanele Manyi says he's determined to grow his newly-acquired news media companies.... read more

 SABC2 days ago
Fin24.com | Nowhere to hide from taxman as D-Day for offshore disclosure looms

The window period for taxpayers to disclose offshore assets and income to SARS as part of its special voluntary disclosure programme will soon close.... read more

 South African Economy2 days ago
Fin24.com | Only 4 in 10 people of working age have a job – report

Only 43.3% of South Africans of working age are employed, says Gabriela Mackay, employment analyst at the Institute for Race Relations (IRR).... read more

 South African Economy2 days ago
Fin24.com | Ghana to cut 2017 spending as it struggles to raise revenue

Ghana plans to cut spending this year as weak revenue collections are the 'Achilles’ heel' in getting its accounts to balance, says Finance Minister Ken Ofori-Atta.... read more

 South African Economy2 days ago
Fin24.com | Britain and EU clash over Brexit timetable for trade deal

Britain and the European Union are at odds over how soon the Brexit talks can pivot towards a trade deal just a week before negotiations are set to resume.... read more

 South African Economy2 days ago
Manyi acquires ANN7 and The New Age

A company owned by Professional Progressive Forum President, Mzwanele Manyi, will acquire a 90% stake in the Gupta family media assets.... read more

 SABC2 days ago
Fin24.com | New study to reveal profile of over-indebted South Africans

National Treasury will conduct a new study to identify the profile of over-indebted South Africans, in particular low-income earners as part of Parliament's new draft legislation to provide debt relief to those in need.... read more

 South African Economy3 days ago
SA mining records first contraction this year

South African mining production has recorded the first contraction this year.... read more

 SABC3 days ago
National Consumer Commission to hold hearings in Limpopo

The National Consumer Commission (NCC) will on Monday hold two-day hearings on consumer related matters in Polokwane, Limpopo.... read more

 SABC3 days ago