 EconomyLoop where regional business news becomes global to everyone  | ||
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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| 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
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