 EconomyLoop where regional business news becomes global to everyone  | ||
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| Fin24.com | Rand to trade stronger as markets hope for change in SA - economist Until SA exits the World Government Bond Index or there is another external shock, the rand is expected to trade at around R14/$ towards the end of 2017, says an economist.... read more
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| Fin24.com | Chamber of Mines lodges urgent interdict against Charter SA’s mining minister usurped Parliament’s powers by publishing the much contested new Mining Charter, the Chamber of Mines argues in court papers.... read more
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| Fin24.com | May seals billion-pound Northern Irish deal to stay in power UK Prime Minister Theresa May has kept her grip on power by reaching a deal with the Democratic Unionist Party, which will support her minority government in key votes.... read more
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| Fin24.com | Slowdown in US business-equipment orders may weigh on growth An unexpected decline in US orders for business equipment in May indicates cooling capital-goods investment may weigh on second-quarter economic growth.... read more
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| Fin24.com | Cosatu unites with business leaders against state capture, nuclear and Eskom Cosatu and Business Leadership SA have taken a united stand against state capture, nuclear energy, the Eskom leadership, amongst other issues plaguing the country.... read more
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| Fin24.com | May closes in on deal with DUP before UK parliament votes UK Prime Minister Theresa May is resuming discussions with the Democratic Unionists as she aims to nail down an agreement with the Northern Irish party.... read more
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| Fin24.com | German business confidence surges to record high German business sentiment has surged to a record high in June amid signs that the outlook for Europe’s largest economy is improving.... read more
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| Fin24.com | JUST IN: Reserve Bank posts R1.4bn profit The South African Reserve Bank has reported a profit of R1.4bn for the financial year ended March 31 2017.... read more
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| Fin24.com | Mozambique debt probe sees R6.4bn in unexplained loans Mozambican state companies have failed to account for about a quarter of the proceeds of $2bn in loans being investigated, according to a report.... read more
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| Davies to launch Musina Intermodal Terminal Trade and Industry Minister Rob Davies is set to launch the Musina Intermodal Terminal on Monday, according to the trade and industry department (dti).... read more
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| Fin24.com | Merkel's election opponent slams her for being too nice to Trump Angela Merkel’s main challenger Martin Schulz is casting Donald Trump as an erratic leader who must be stymied.... read more
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| Workers at South Africa's Illovo sugar farms to strike over pay Around 1,000 workers at sugar producer Illovo are set to go on strike over wages and other benefits after talks with employers broke down, the trade union representing the staff said on Sunday.... read more
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| Fin24.com | Gap widens between asking and selling price - Gauteng agent There seems to be a large disparity between what sellers think their home is worth and what buyers in the current market are prepared to pay for homes, says an agent.... read more
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| Fin24.com | 5 ways Cape Town and Western Cape plan to maintain investor confidence After engaging with stakeholders, the Western Cape's investment agency Wesgro has set out five ways in which investor confidence can be maintained.... read more
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| Fin24.com | Downgrades, slow growth could negate benefits of record maize harvest SA's credit downgrades and slow economic growth could negate the benefits of this year's record maize harvest, warns an agricultural economist at Absa.... read more
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| Fin24.com | Eskom contracts to firm with Koko link must be investigared - report Contracts awarded to Impulse International after the stepdaughter of former Eskom acting CEO Matshela Koko had joined the company, must be investigated, reports the Sunday Times.... read more
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| Fin24.com | Putin launches deep-water phase of gas pipeline Russian President Vladimir Putin has launched the deep-water phase of the TurkStream gas pipeline project.... read more
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| Fin24.com | French government to ban oil and gas exploration France is to stop granting new licences for oil and gas exploration on the mainland and in overseas territories, says Environment Minister Nicolas Hulot.... read more
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| Fin24.com | Treasury DG wants to prevent SA from going to IMF 'cap in hand' New Treasury director general Dondo Mogajane says it is focused on reforms that will get the economy out of a recession and improve credit ratings.... read more
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| Fin24.com | Prize-winning tech helping Ghana's farmers Agyei Douglas is a farmer who grows vegetables near Kumasi in Ghana's central Ashanti region. He used to struggle to access markets and capital.... read more
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| Fin24.com | SA economy no longer stable - Fragile States Index South Africa’s economy has caused it to decline significantly on the 2017 Fragile States Index and the country is no longer regarded as stable.... read more
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| Fin24.com | Sugar workers could down tools Discussions regarding strike action by around 1 000 Illovu employees in KwaZulu Natal will begin on Monday after wage negotiations resulted in a deadlock.... read more
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| Cutting salaries without workers consent is unlawful Labour analysts say it's against the law to cut workers salaries without consulting them or drawing up a new contract.... read more
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| Fin24.com | Infographic: Best and worst performing municipalities The Auditor General's latest local government report showed that 49 municipalities received clean audits, however 25 received disclaimed opinions.... read more
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| KwaZulu-Natal sugar workers prepare to strike this week About 1000 workers employed by Illovo are preparing to embark on a strike as wage negotiations resulted in a deadlock last week, says the Fawu on Sunday.... read more
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| Fin24.com | New Eskom board reveal marred by more Gupta questions Public Enterprises Minister Lynne Brown on Friday reappointed four Eskom directors who, exactly a week ago, she said she wanted to get rid of.... read more
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| Fin24.com | Busisiwe’s bizarre outcome Public Protector Busisiwe Mkhwebane’s unexplained digression into monetary policy and the Constitution this week is not the only strange outcome of her report on the 1985 bailout of Bankorp.... read more
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| Fin24.com | Poultry sector still bleeding jobs The country’s poultry sector is still gradually shedding jobs despite the setting up of a task team to try and halt the crisis in the sector, SA Poultry Association (Sapa) CEO Kevin Lovell said this week.... read more
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| Fin24.com | The sky’s the limit for this trio of black industrialists The ice has melted at the once-famous Sky Rink in the iconic Carlton Centre building, situated in Johannesburg’s central business district (CBD)... read more
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| eThekwini Metro heeds the call to create jobs for the youth The eThekwini Metro has heeded a call by the youth to create job opportunities and businesses alike in the form of radical economic transformation.... read more
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| South Africa's rand stretches gains, Naspers pulls bourse higher South Africa's rand extended its recent recovery on Friday as political uncertainty eased and local economic fundamentals came back in focus.... read more
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| Gauteng govt to create 600 000 new jobs The Gauteng government will outline plans to create 600 000 new jobs by 2019 and to increase spending on township manufactured products and services.... read more
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| Gigaba applauds entrepreneurs at Umlazi Business Fair Finance Minister Malusi Gigaba has applauded small and upcoming entrepreneurs at Umlazi Business Fair in that their creation of wealth will create much-needed job opportunities in the country.... read more
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| Gauteng government outline plans to create 600 000 jobs by 2019 The Gauteng government will outline plans to create 600 000 new jobs by 2019 and to increase spending on township manufactured products and services.... read more
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| Tshwane's waste management services in crisis There's uncertainty over future waste management services in some parts of Tshwane.... read more
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| Gigaba addresses entrepreneurs at the South Regional Business Fair Finance Minister Malusi Gigaba has encouraged black people to support black owned businesses.... read more
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| News24.com | Live hen sales banned after avian flu detected at Mpumalanga farm The sale of live hens has been banned in South Africa after avian flu was confirmed at a farm in Mpumalanga, according to the Department of Agriculture, Forestry and Fisheries.... read more
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| Fin24.com | Air transport adds R154.8bn to SA's GDP - report Air transport supports 490 000 jobs and contributes about R154.8bn to SA's GDP, according to a report by the International Air Transport Association.... read more
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| Rooibos Limited cleared of accusations by Competitions Committee The SARC says Rooibos Limited is a member of good standing with the SARC and has not been in contravention of the code of conduct at any time.... read more
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| Fin24.com | Ramaphosa gave Mining Charter the nod, says Zwane Despite his critique of the consultation process involving the Mining Charter, Deputy President Cyril Ramaphosa supported it, says Mineral Resources Minister Mosebenzi Zwane.... read more
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| Fin24.com | Maswangany: Nothing strange about legal action against Acsa The transport ministry’s legal team is looking into a letter received from the Economic Freedom Fighters calling for certain directors at Acsa to be removed.... read more
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| Fin24.com | N2WCTR will create up to 55 000 jobs in the Eastern Cape - Sanral About 5% of the budget for the greenfields section of the N2 Wild Coast Toll Road will be spent on labour, according to a Sanral project manager.... read more
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| Fin24.com | Zwane booed as locals disrupt Mining Charter meeting The first imbizo on the Mining Charter in Mpumalanga has been postponed after it was disrupted by disgruntled community members, who insisted that premier David Mabuza be present.... read more
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| Eskom board pledges support to new Acting CEO Eskom's Acting Board Chairperson, Zethembe Khoza, says the power utility's board will do everything in its power to ensure that its new Acting Group Chief Executive, Johnny Dladla, meets his targets... read more
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| Fin24.com | Despite e-toll saga, Sanral won't go down the drain - minister Despite challenges the South African National Roads Agency faces over e-tolls in Gauteng, it will stay afloat, says Transport Minister Joe Maswanganyi.... read more
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| Fin24.com | Transport minister calls for wrap-up of Prasa probes Transport Minister Joe Maswanganyi is calling for several concurrent investigations into the Passenger Rail Agency of South Africa to be expeditiously concluded.... read more
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| Fin24.com | LIVE: Brown updates SA on way forward at Eskom Public Enterprises Minister Lynne Brown is addressing the media after the Eskom annual general meeting.... read more
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| Plans afoot to train black indutrialists in Gauteng The Gauteng government has announced plans to train 150 black industrialists to manufacture and export machinery.... read more
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| Watch Minister Lynne Brown media briefing The Minister of Public Enterprises Lynne Brown is addressing the media following Eskom's AGM, where she will explain some of her decisions.... read more
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| Fin24.com | BREAKING: Brown unveils new interim Eskom board Public Enterprises Minister Lynne Brown has unveiled an interim Eskom board, which has the uphill challenge of steering the state-owned power utility out of its quagmire of controversies.... read more
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