EconomyLoop
where regional business news becomes global to everyone

Fin24.com | Leaked Eskom inquiry report is invalid until Parly committee adopts it – chair

The leaked Eskom Inquiry report remains invalid until the public enterprises committee formally adopts it, chairperson Zukiswa Rantho has said.... read more

 South African Economy9 days ago

     
Fin24.com | UK house prices rise at slowest pace in 5 years

UK house prices are increasing at the slowest annual pace in five years, according to mortgage lender Halifax.... read more

 South African Economy9 days ago
Fin24.com | READ: Moyane vs Cyril: Why you were wrong to sack me

Read the full letter issued by sacked SARS boss Tom Moyane to President Cyril Ramaphosa.... read more

 South African Economy9 days ago
Fin24.com | US mid-terms: Democrats poised to take House control

Democrats are poised to reclaim the US House, fueled by voter anger and discontent with President Donald Trump to a victory that would dramatically alter his next two years in office and make a deeply divided nation even more difficult to govern.... read more

 South African Economy9 days ago
Fin24.com | Africa enjoys oil boom as drilling spreads across continent

Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia.... read more

 South African Economy9 days ago
Fin24.com | BLF: We'll redistribute land whether the Constitution is changed or not

The Constitution is unlikely to be changed, says Andile Mngxitama – but BLF will redistribute land on their own steam.... read more

 South African Economy10 days ago
Fin24.com | Radebe: Invest in energy if you want other investments to survive

Energy Minister Jeff Radebe has called for investment into SA's energy sector, saying investment in other sectors require it.... read more

 South African Economy10 days ago
Fin24.com | Ramaphosa: Not yet time for austerity measures

President Cyril Ramaphosa says that to stop debt from growing at an alarming rate, government will align spending with priority areas, as well as prioritise boosting economic growth.... read more

 South African Economy10 days ago
Fin24.com | Eskom-China loan: We will not sell the country's silver, says Ramaphosa

President Cyril Ramaphosa has reiterated that there are no conditions to the R33bn loan from China Development Bank to Eskom, and none of SA's assets will be seized in the event of a default.... read more

 South African Economy10 days ago
Fin24.com | Canada gets the cannabis headlines, but a US market is catching up

Canada has a challenger to its status as the pot-stock capital of the world - the scrappy over-the-counter market in the US.... read more

 South African Economy10 days ago
Fin24.com | Rent in world's priciest office market likely to fall in 2019

Rents in the world’s costliest office market, Hong Kong, may fall for the first time in four years as an equities rout weighs on sentiment in the financial hub.... read more

 South African Economy10 days ago
Fin24.com | Ramaphosa’s Stimulus Plan: One month later, where does it stand?

Fin24 kicks off a regular analysis of President Cyril Ramaphosa’s progress on the economic stimulus plan, which he launched a month ago.... read more

 South African Economy10 days ago
Fin24.com | Gigaba: Parly Speaker must act on leaked Eskom Inquiry report

Home Affairs Minister Malusi Gigaba has tweeted about the leaking of the draft parliamentary report by the Eskom Inquiry, which has reportedly implicated him.... read more

 South African Economy11 days ago
Fin24.com | Petrol price unchanged, but increases in other fuels

Government is keeping the petrol price unchanged, however there will be increases in other fuels.... read more

 South African Economy11 days ago
Fin24.com | Leaked Eskom report implicating Brown, Gigaba is 'scandalous, embarrassing' - chair

Eskom inquiry chairperson Zukiswa Rantho says that she does not know how the leaking of the draft preliminary report will affect the work of the committee.... read more

 South African Economy11 days ago
Fin24.com | Zimbabwe to be roped in to supply water in controversial multi-billion rand project

The Zimbabwean government has been drawn into the development of the Makhado-Musina Special Economic Zone (SEZ) in Limpopo to supply water to the now controversial multi-billion rand project.... read more

 South African Economy11 days ago
Fin24.com | 'Virtually no progress' in creating economic opportunity in Africa in last decade

The 2018 Ibrahim Index of African Governance (IIAG) paints a worrying picture of access to economic opportunity for citizens of African countries, despite strong levels of economic growth over the last decade.... read more

 South African Economy11 days ago
Fin24.com | Ramaphosa's top 10 quotes on why Moyane should accept his fate

President Cyril Ramaphosa submitted his answering affidavit to the Constitutional Court on Friday. In it, he detailed his reasons for axing SARS Commissioner Tom Moyane. Here are Ramaphosa's top 10 quotes from his court papers.... read more

 South African Economy11 days ago
Fin24.com | How did the Irish border become the biggest fight of Brexit?

The question of how to keep the Irish border free of checkpoints and patrols threatens to derail Britain’s plans for an orderly departure from the European Union.... read more

 South African Economy12 days ago
Fin24.com | The big heist: Where is Zimbabwe's cash going?

Zimbabwe is currently going through serious shortages of literally everything from bottled water to bread - this at a time when deposits in Zimbabwean banks are at an all-time high.... read more

 South African Economy12 days ago
Fin24.com | 5 master leadership skills for 21st century disruption

Leadership is what drives the difference between winning companies and losers, says international leadership expert Kate Sweetman.... read more

 South African Economy13 days ago
Fin24.com | 2017 the costliest year on record for natural disasters

2017 has been flagged as the costliest year on record for natural disasters, according to international insurer Aon Benfield's latest Weather, Climate and Catastrophe Insight Report.... read more

 South African Economy13 days ago
Fin24.com | A synchronised slowdown is looming: World economy this week

The risk of synchronized slowdown in global growth as Europe wobbles, China sputters and stock markets around the world keep crumbling dominated the world economy this week.... read more

 South African Economy13 days ago
Fin24.com | Ramaphosa on Moyane: A responsible leader would have resigned months ago

If former SARS commissioner Tom Moyane was "a responsible leader" he would already have stepped down in March this year, says President Cyril Ramaphosa in an affidavit.... read more

 South African Economy14 days ago
Fin24.com | READ: Ramaphosa's answering affidavit on Moyane

President Cyril Ramaphosa has responded to sacked SARS boss Tom Moyane's bid to dispute the lawfulness of the Nugent Inquiry in Constitutional Court. Read his full answering affidavit here.... read more

 South African Economy14 days ago
Fin24.com | Oil discovery: Not so fast, Invictus tells Zimbabwe

Contrary to media reports, Australian Securities Exchange-listed entity Invictus Energy Limited is yet to discover oil, the company has said.... read more

 South African Economy14 days ago
Fin24.com | Ramaphosa hits back at Moyane, says his ConCourt application is 'moot'

President Cyril Ramaphosa has hit back at axed SARS Commissioner Tom Moyane in court documents to the Constitutional Court, arguing that Moyane's application was "moot". Moyane was fired on Thursday.... read more

 South African Economy14 days ago
Fin24.com | President 'had no choice' but to sack Moyane – Carrim

Treasury officials say the Nugent Commission of Inquiry's report will indicate exactly what went wrong at SARS, but so far what has been revealed is 'disturbing'.... read more

 South African Economy14 days ago
Fin24.com | SA's weak GDP won't spur populists - Kganyago

South Africa’s bad economic performance is unlikely to give more sway to populist voices, says Reserve Bank Governor Lesetja Kganyago.... read more

 South African Economy14 days ago
Fin24.com | Salga hails allocation increases, urges more support

Even though increases in allocations to municipalities were above inflation, they were not enough to pull them out of their various financial quandaries, says Salga.... read more

 South African Economy14 days ago
Fin24.com | Government guarantees on tap? Not without Parliament's say - new bill

DA MP Alf Lees has tabled a private member's bill to stop state-owned entities from racking up government guarantees unchallenged.... read more

 South African Economy14 days ago
Fin24.com | Mantashe: Tech investment in mining industry should not be threat to workers

Technology investment in the mining industry should not be a threat to workers, says Minister of Mineral Resources Gwede Mantashe.... read more

 South African Economy14 days ago
Fin24.com | Moyane not going down without a fight at the ConCourt

Former SARS commissioner Tom Moyane is continuing with his Constitutional Court application in which he disputes the lawfulness of the Nugent Commission.... read more

 South African Economy14 days ago
Fin24.com | Worst-ever score for corporate governance in SA - index

A scandal-ridden year served up a dismal report card for SA, with the worst-ever score for ethics, compliance and assurance since the Corporate Governance Index's inception five years ago.... read more

 South African Economy15 days ago
Fin24.com | Hope springs for SA economy after positive mood at investment summit

The mood at the investment conference has been positive, reminiscent of the halcyon days under Thabo Mbeki’s presidency when the economy grew over 5% per annum, according to Overberg Asset Management.... read more

 South African Economy15 days ago
Fin24.com | Zimbabwe targets $700m from controversial payment tax

Zimbabwe expects to raise $700m a year from a new tax on money transfers that triggered panic buying of goods from fuel to sugar and sent its quasi-currency plunging.... read more

 South African Economy15 days ago
Fin24.com | Gigaba called to account to Parliament on Fireblade saga next week

This will be the first time that Home Affairs Minister Malusi Gigaba faces Parliament since Fireblade told Parliament that he agreed to the business operating at OR Tambo International Airport.... read more

 South African Economy15 days ago
Fin24.com | Zim announces Invictus oil discovery

The project is close to existing pipeline infrastructure for the domestic and export markets. It is located in a non-farming area on state land, just two hours from the capital, Harare by road.... read more

 South African Economy15 days ago
Fin24.com | Ramaphosa: Why I fired Moyane from SARS

Tom Moyane was fired over his refusal to "meaningfully participate" in the Nugent Commission, as well as the "deeply concerning" state of SARS, President Cyril Ramaphosa has said.... read more

 South African Economy15 days ago
Fin24.com | Ramaphosa steals show at summit: 'We need leadership, not leaders'

Speaking at the Discovery Leadership Summit in Sandton, President Cyril Ramaphosa stole the show as the only speaker of the day to receive a standing ovation – before and after his speech.... read more

 South African Economy15 days ago
Fin24.com | BREAKING: Ramaphosa fires Moyane as Sars boss

President Cyril Ramaphosa has axed suspended SA Revenue Service commissioner Tom Moyane following an inquiry.... read more

 South African Economy15 days ago
Fin24.com | SARS on tax deadline: It was a crazy day but our systems worked well

Despite reports that the SARS IT infrastructure was on the verge of collapse, the tax agency has said it worked "exceptionally well" on Wednesday.... read more

 South African Economy15 days ago
Fin24.com | UK manufacturing sees ‘worrying turnaround’ as growth slumps

UK manufacturing growth has slumped to the lowest since the aftermath of the Brexit vote last month.... read more

 South African Economy15 days ago
Fin24.com | SA is improving but we could have halved poverty by now, Leadership summit hears

Business leaders were upbeat about SA's prospects at the Discovery Leadership Summit on Thursday, provided the country's leadership could make some 'tough decisions'.... read more

 South African Economy15 days ago
Fin24.com | SA factory activity at 15-month low in October - Absa PMI

South Africa’s manufacturing sector got off to a poor start in the fourth quarter as an index tracking factory activity fell to a 15-month low in October.... read more

 South African Economy15 days ago
Fin24.com | UK house-price growth drops below 2% for first time since 2013

UK house-price growth has dropped below 2% for the first time in five years, according to Nationwide Building Society.... read more

 South African Economy15 days ago
Fin24.com | SABC CEO on living 'hand to mouth' in the face of job cuts

SABC CEO Madoda Mxakwe has painted a dire picture of the operational challenges crippling the public broadcaster.... read more

 South African Economy15 days ago
Fin24.com | Panel looking into ways to improve effectiveness of competition authorities – Patel

Even strong institutions like the Competition Commission face challenges which are being addressed, Economic Development Minister Ebrahim Patel has said.... read more

 South African Economy16 days ago
Fin24.com | Mboweni must say where he gets e-tolls mandate from - Cosatu

Finance Minister Tito Mboweni must explain where he gets the mandate from to call on South Africans to pay e-tolls, demands Cosatu.... read more

 South African Economy16 days ago
Fin24.com | Report on possible fuel price cap ready by January, says Radebe

Minister of Energy Jeff Radebe told Parliament on Wednesday afternoon that his department’s work in researching the possibility of fixing a cap to the price of unleaded fuel would be concluded by January next year.... read more

 South African Economy16 days ago