EconomyLoop
where regional business news becomes global to everyone

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

 South African Economy1 hour ago

     
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

 South African Economy3 hours ago
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

 South African Economy4 hours ago
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

 South African Economy15 hours ago
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

 South African Economy16 hours ago
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

 South African Economy17 hours ago
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

 South African Economy18 hours ago
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

 South African Economy19 hours ago
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

 South African Economy19 hours ago
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

 South African Economy21 hours ago
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

 South African Economy23 hours ago
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African EconomyYesterday
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

 South African Economy2 days ago
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

 South African Economy2 days ago
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

 South African Economy2 days ago
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

 South African Economy2 days ago
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

 South African Economy2 days ago
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

 South African Economy2 days ago
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

 South African Economy2 days ago
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

 South African Economy2 days ago
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

 South African Economy3 days ago
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

 South African Economy3 days ago
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

 South African Economy3 days ago
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

 South African Economy3 days ago
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

 South African Economy3 days ago
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

 South African Economy3 days ago
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

 South African Economy3 days ago
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

 South African Economy4 days ago
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

 South African Economy4 days ago
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

 South African Economy4 days ago
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

 South African Economy4 days ago
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

 South African Economy4 days ago
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

 South African Economy4 days ago
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

 South African Economy4 days ago
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

 South African Economy4 days ago
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

 South African Economy5 days ago
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

 South African Economy5 days ago
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

 South African Economy5 days ago
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

 South African Economy5 days ago
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

 South African Economy5 days ago
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

 South African Economy5 days ago