 EconomyLoop where regional business news becomes global to everyone  | ||
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| Fin24.com | Current account deficit widens more than expected The country’s trade balance moved from a surplus in the fourth quarter of 2017 to a deficit in the first segment of 2018, causing the current account deficit to widen to 4.8% of the GDP.... read more
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| Fin24.com | Eskom keeping eye on upsurge in power demand Eskom spokesperson Khulu Phasiwe told SAfm's Stephen Grootesthat Eskom would continue to conduct unit maintenance where needed.... read more
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| Fin24.com | SA economy needs a common narrative and simpler policies - PIC researcher South Africa needs to crystallise whatever edge it has in competition with other emerging markets, says Mohammed Nalla, head of economic research at the Public Investment Corporation.... read more
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| Fin24.com | 8 things you need to know about the National Health Insurance bills Health Minister Aaron Motsoaledi is set to make public two bills on Thursday which could make universal health care a reality for South Africans.... read more
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| Fin24.com | SA needs a city-led development programme - Maimane The DA leader says that the national average growth rate can be boosted if metros are able to grow at higher GDP levels.... read more
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| Fin24.com | SA food price inflation at its lowest level since 2013 Lower food prices have helped offset the impact of a higher VAT rate and recent fuel price hikes on the overall consumer price index, according to analysts.... read more
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| Fin24.com | Top 5 on Fin24: Inflation surprises on downside, Zimbabwe slashes mobile data costs and Former ConCourt judge speaks frankly about land, property ownership A roundup of Wednesday's top economic and finance reads on Fin24.... read more
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| Fin24.com | The tide may be turning for SA construction sector After showing little to no growth for 10 years, compelling value in the building and construction sector is attracting the attentions of seasoned global peers and institutional investors.... read more
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| Fin24.com | Unions snub Eskom's 4.7% wage hike, await feedback on package of issues Unions negotiating wage increases with Eskom say they have rejected the power utility's offer of a 4.7% increase, but are waiting to hear back about a list of issues presented to the utility.... read more
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| Fin24.com | Pace of land reform weak and pathetic, says Deputy Public Works Minister The pace and quality of land reform in South Africa has been weak and actually pathetic, says Deputy Minister of Public Works Jeremy Cronin.... read more
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| Fin24.com | Former ConCourt judge speaks frankly about land, property ownership and how equal is SA really The government should set out its plan for land reform and property ownership goals in very concrete terms and be real about how to achieve it, says former Constitutional Court justice Zak Yacoob.... read more
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| Fin24.com | Cape Town scraps desalination barge plan as water crisis eases The City of Cape Town has scrapped plans to hire a desalination barge to supplement water supply after good winter rains helped ease the worst drought on record.... read more
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| Fin24.com | JUST IN: Inflation surprises on downside despite April VAT hike Inflation eased to 4.4% for May, compared to 4.5% in April despite the implementation of a VAT hike implemented in April.... read more
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| Fin24.com | Risk of load shedding low - Eskom Eskom says the risk of rolling blackouts during the day is low as power station units return to the power system.... read more
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| Fin24.com | Trump's latest swipe at Canada? Smuggling US shoes After citing national security reasons for slapping tariffs on Canadian metals, Donald Trump escalated his attacks on America's northern neighbor Monday, claiming its citizens were smuggling shoes across the border.... read more
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| Fin24.com | No hasty decisions on wealth tax, says Ramaphosa's economic advisor Trudi Makhaya Government must consider the Davis Tax Committee's work holistically before making decisions about a possible wealth tax, says President Cyril Ramaphosa's economic advisor Trudi Makhaya.... read more
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| Fin24.com | SARB may hike interest rate if weak rand boosts inflation The rand’s plunge to the weakest in almost seven months against the dollar may necessitate interest-rate increases, central bank Deputy Governor Kuben Naidoo has said.... read more
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| Fin24.com | Merkel hits back as Trump doubles down on German crime figures The German Chancellor responded to Trump’s repeat assertions that crime has risen in Germany as a result of her liberal stance on migration, citing 'encouraging' statistics that show the opposite to be true.... read more
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| Fin24.com | Eskom tables new 4.7% wage hike offer to avert strike The unions say they will now take the offer to their members, as 4.7% is "very far from what we wanted".... read more
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| Fin24.com | High risk of load shedding this evening, Eskom warns Eskom says there is a high risk of load shedding from 17:00 to 21:00 as the power system is severely constrained.... read more
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| Fin24.com | Eskom wage talks off to a bad start - union Talks between Eskom and unions are off to bad start, with the power producer reneging on its earlier agreement to include “high-powered” members in its delegation... read more
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| Fin24.com | ECB will be patient in timing of first rate hike - Draghi Mario Draghi has promised that the European Central Bank will take its time to lift interest rates, reinforcing the agreement by policy makers to keep borrowing costs unchanged.... read more
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| Fin24.com | Little room for SA’s mortgage market to grow – Moody’s Emerging markets are expected to capitalise on their growing mortgage markets, but according to research by Moody’s, this is not necessarily true for South Africa.... read more
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| Fin24.com | Trump threatens new tariffs on Chinese imports President Donald Trump is directing the US Trade Representative to prepare new tariffs on $200bn in Chinese imports as the nations move closer to a potential trade war.... read more
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| Fin24.com | Mantashe: New Mining Charter to drive transformation, reduce risk Minister of Mineral Resources Gwede Mantashe says the latest version of the Mining Charter will empower mineworkers and mining communities while shielding companies.... read more
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| Fin24.com | Plan for further load shedding, warns Eskom While consumers were spared load shedding on Monday, the power utility has cautioned South Africans to remain on the alert for further power cuts.... read more
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| Fin24.com | No load shedding tonight, says Eskom Eskom has averted load shedding planned for Monday evening but says the power system remains constrained.... read more
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| Fin24.com | Top 5 on Fin24: SA Uber drivers go on strike, Liberty customers urged to change passwords and Apple partners with Oprah Winfrey A roundup of Monday's top economic and finance reads on Fin24.... read more
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| Fin24.com | State capture at heart of Eskom’s load shedding woes - Maimane The Democratic Alliance has set up a long-term plan to avoid load shedding, which it says has come about because of state capture.... read more
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| Fin24.com | Eskom warns load shedding to last for next ten days Load shedding is likely to take place on Monday evening, with interruptions set to last for the next 10 days, as Eskom works to stabilise its supply chain.... read more
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| Fin24.com | Data breach under control and under investigation, says Liberty CEO Liberty Holdings CEO David Munro told reporters it was in control of its technology and data infrastructure and working with authorities to probe a recent data breach.... read more
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| Fin24.com | Eskom load shedding will hurt economy and add to weakness - economist Eskom's current load shedding will add to the weakness of the South African economy which is already battling, says economist Mike Schüssler.... read more
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| Fin24.com | Why load shedding topped off a bad week for the economy Two days of load shedding amidst plummeting temperatures are only topping off a week of miserable economic news for South Africans.... read more
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| Fin24.com | Finance Minister re-appoints Kingon as SARS commissioner for 90 more days South African Revenue Service acting commissioner Mark Kingon’s time at the helm has been extended by another three months, thanks to Minister of Finance Nhlanhla Nene.... read more
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| Fin24.com | City Power issues alert of load shedding in Joburg suburbs Eskom stage one load shedding on Sunday will affect a number of Johannesburg suburbs, according to City Power.... read more
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| Fin24.com | July mining summit will help sharpen Mining Charter, Minister says Minister of Mineral Resources Gwede Mantashe said in Sunday that the department’s summit in July will discuss the Mining Charter with industry and social partners.... read more
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| Fin24.com | Only radical change will give youth a real future A disproportionate number of young South Africans between the ages of 15 and 24 are destined to join the ranks of the world’s discarded people.... read more
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| Fin24.com | SABS 'thrown under Gupta bus' The trade and industry department has accused its own body – the SA Bureau of Standards – of colluding to help Gupta-owned Tegeta coal mine maintain a supply contract with Eskom.... read more
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| Fin24.com | Watch FIFA World Cup at a pub - Eskom on latest load shedding alert Watch the FIFA Soccer World Cup at a pub or at a family or friend who is not on the day’s load-shedding schedule, Eskom says in its latest load shedding notice.... read more
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| Fin24.com | A wage hike will ‘derail Eskom recovery’ The wage dispute between Eskom and two major unions representing its workers might significantly slow the power utility’s turnaround if it has to find extra money to meet their demands.... read more
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| Fin24.com | Ekurhuleni municipality accused of forcing businessman to pay a bribe A service provider to the Ekurhuleni Metropolitan Municipality has accused its senior officials of terminating his copier contract after he refused to pay bribes they allegedly demanded.... read more
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| Fin24.com | Pityana on Ramaphosa: Rubber is beginning to hit the road Although supportive of President Cyril Ramaphosa, the new head of Busa says sentiment is changing and the next phase is going to be more about tangibles. Justin Brown speaks to him.... read more
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| Fin24.com | Next move is Trump's after China hits back in trade-war opener China’s in-kind response to US President Donald Trump’s announcement of tariffs on $50bn of imports from the nation left the global economy on the verge of a trade war.... read more
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| Fin24.com | Eskom confirms stage 2 load shedding for Saturday night The scheduled power outages began at 17:00. They are set to continue until 21:00.... read more
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| Fin24.com | What is load shedding anyway? Energy analyst weighs in Energy analyst Chris Yelland says that Eskom’s “selective definition” of load shedding allowed the utility to get away with claiming that it had not implemented load shedding in years.... read more
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| Fin24.com | BRICS Institute spots gap in the market to foster economic ties The BRICS Institute was launched this week in in Sandton, with the aim of combining academic research and practical business cooperation.... read more
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| Fin24.com | Gordhan bridges divide between Eskom, unions Public Enterprise Minister Pravin Gordhan met with the Eskom board and unions, the parties agreed to resume wage negotiations and normalise operations to ensure security of electricity supply.... read more
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| Fin24.com | Top 5 on Fin24: Risk of weekend load shedding, Fitch affirms SA's credit rating, draft Mining Charter gazetted A roundup of Friday's top economic and finance reads on Fin24.... read more
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| Fin24.com | Numsa blames Eskom's bloated top management for financial woes Numsa blames Eskom’s bloated management structure for the power utility’s financial woes.... read more
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| Fin24.com | JUST IN: Fitch keeps SA at junk status, outlook stable Ratings agency Fitch has kept South Africa's sovereign credit rating at junk status and has affirmed a stable outlook, based on governance recoveries at state-owned enterprises.... read more
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