EconomyLoop
where regional business news becomes global to everyone

Fin24.com | AG beef-up long overdue, former employee says

A former official at the office of the auditor general says while there are risks in giving the office more responsibilities, SA faces a much greater risk if mismanagement of state entities continues.... read more

 South African Economy47 days ago

     
Fin24.com | Top stories on Fin24: SARS to collect R16.6bn in debt owed, Sanral at risk of downgrades more bailouts

A roundup of Friday's must-read financial and economic news.... read more

 South African Economy47 days ago
Fin24.com | US added 313 000 jobs in Feb as wage gains slow

US employers have added the most workers since mid-2016 as labour-force participation swelled, while below-forecast wages suggest the pay gains that spooked markets aren’t yet taking hold.... read more

 South African Economy47 days ago
Fin24.com | JUST IN: SARS appoints debt collectors to recover R16.6bn

SARS is pulling out all the stops to collect revenue by appointing debt collectors to recover R16.6bn owed to it.... read more

 South African Economy48 days ago
Fin24.com | Watchdog's hands tied on processed meat facilities

National regulator NRCS has told Parliament that it does not have the mandate to proactively review the standards of meat processing facilities, but can check them against legislated standards if delegated to do so.... read more

 South African Economy48 days ago
Fin24.com | Judge orders state to pay Gupta costs in Estina farm case

The national director of public prosecutions has been ordered to pay the costs of lawyers hired by Atul Gupta and four companies linked to his family after they opposed the seizure of assets linked to a the Estina dairy farm.... read more

 South African Economy48 days ago
Fin24.com | UK consumers put inflation rate at highest since 2014

UK consumers are feeling the impact of faster inflation.... read more

 South African Economy48 days ago
Fin24.com | Sanral at risk of downgrades, more bailouts - OUTA

OUTA wants Sanral to urgently address its internal audit processes, as the agency’s growing impairments will put it at risk of suffering further downgrades and requiring bailouts from the state.... read more

 South African Economy48 days ago
Fin24.com | China consumer prices jump, credit slows on new year shutdown

China’s consumer inflation has surged to the fastest in more than four years and credit growth slowed, as millions travelled home to feast with family and friends for the Lunar New Year holiday.... read more

 South African Economy48 days ago
Fin24.com | Ghana to shake up tax collections as IMF warns over revenue

Ghana wants to shake up the way it collects tax with the International Monetary Fund telling the government that it’s not raising sufficient income.... read more

 South African Economy48 days ago
Fin24.com | UK officials think January is the real deadline to clinch Brexit deal

UK officials don’t expect to clinch a Brexit deal by the end of the year and privately think January is the real deadline to get an accord in time for exit day.... read more

 South African Economy48 days ago
Fin24.com | Tentative, but improved business climate - index

The latest Business Confidence Index of the SA Chamber of Commerce and Industry shows what it calls a tentative, but improved business climate.... read more

 South African Economy48 days ago
Fin24.com | Culture of non-payment threatens stability of municipal finances - Treasury

Treasury is reviewing municipal borrowing policy and has flagged the culture of non-payment for service delivery as contributing to growing debt.... read more

 South African Economy48 days ago
Fin24.com | Govt sets date for signing of 27 outstanding renewable energy IPPs

Government has affirmed its commitment to renewable energy by announcing the signing of the 27 outstanding renewable energy independent power producer projects.... read more

 South African Economy48 days ago
Fin24.com | Water flows despite Nehawu threats

Nothing has come of a threatened interruption to the water supply on the first day of a nationwide strike called by Nehawu at the Department of Water and Sanitation to force government's hand on a list of demands.... read more

 South African Economy48 days ago
Fin24.com | Top 5 on Fin24: SAP faces charges, City of Joburg to revise property valuations, Yellow Pages goes digital

A roundup of Thursday's top economic and finance reads on Fin24.... read more

 South African Economy48 days ago
Fin24.com | UK house prices stagnate as London drags down market

UK home prices have been unchanged in February and concern about the health of the market saw potential sellers hold off putting their properties up for sale.... read more

 South African Economy49 days ago
Fin24.com | Michael Bloomberg tells SA: Inaction on inequality could lead to uprising

Bloomberg told a Cape Town audience that if income inequality isn't earnestly addressed, the rich could face a revolt. 'If you don’t do something about it, they will set up the guillotines'.... read more

 South African Economy49 days ago
Fin24.com | Draghi gauges trade war threat as ECB ponders stimulus path

Mario Draghi’s progress toward a stimulus exit is likely to stay slow for now, with inflation too low for comfort and the global economy up against a trade-war-in-waiting.... read more

 South African Economy49 days ago
Fin24.com | China export surge highlights Trump's cause as tariffs readied

China’s exports have surged and its trade surplus unexpectedly widened in February, illustrating the lopsided nature of global commerce that Donald Trump is preparing to introduce protectionist measures against.... read more

 South African Economy49 days ago
Fin24.com | China insists it's not a threat to US as Trump trade war looms

Chinese Foreign Minister Wang Yi has criticised the US decision to brand the country as a 'strategic competitor,' dismissing the notion that it poses a threat to the American economy.... read more

 South African Economy49 days ago
Fin24.com | City of Joburg to revise 8 000 property valuations

The city says it will reconsider controversial property valuations following a public outcry over its new valuation list.... read more

 South African Economy49 days ago
Fin24.com | Nothing pro-poor about unsustainable fiscal policy – Nene

In his maiden address to Parliament as returning finance minister, Nhlanhla Nene said that hard adjustments were made in the budget to protect the integrity of SA's public finances.... read more

 South African Economy49 days ago
Fin24.com | Eskom chair Jabu Mabuza: Land reform needs cool heads

Land reform is an emotional issue, but President Cyril Ramaphosa's view that it is an issue that must be dealt with is right, says new Eskom chair Jabu Mabuza.... read more

 South African Economy49 days ago
Fin24.com | Ramaphosa a hit with business leaders

President Cyril Ramaphosa has been a hit with business leaders and investors during his first three weeks in office.... read more

 South African Economy49 days ago
Fin24.com | Sanral wasting taxpayer money with irregular, fruitless and wasteful spend- Scopa

Scopa has raised concerns over Sanral’s very high levels of irregular, fruitless and wasteful expenditure, which has resulted from non-compliance with supply chain management processes.... read more

 South African Economy49 days ago
Fin24.com | Ntsebeza Inquiry gets final SARS 'rogue unit' report from KPMG

KPMG publicly withdrew the conclusions of the report in September 2017, saying it regretted the impact the report had.... read more

 South African Economy49 days ago
Fin24.com | China finally introducing a globally comparable jobless rate

The world’s biggest labour market will soon get its first regularly updated monthly jobless rate similar to closely-watched gauges in other major economies.... read more

 South African Economy49 days ago
Fin24.com | Mashatile: Access to land part of building better SA economy

In building a better economy in South Africa, people need to have access to land, says ANC treasurer general Paul Mashatile.... read more

 South African Economy49 days ago
Fin24.com | Nehawu believes it has govt under the cosh over water

Nehawu says despite the fact that several provinces are facing a drought, it plans to go ahead with its first nationwide strike involving water services since 1994, forcing government to accede to its demands.... read more

 South African Economy49 days ago
Fin24.com | Top 5 on Fin24: Gordhan calls for visible govt action, ANC to re-table SARB nationalisation motion

A roundup of Wednesday's top economic and finance reads on Fin24.... read more

 South African Economy49 days ago
Fin24.com | US companies boosted payrolls by 235 000 in February

US companies have added more workers in February than expected, underscoring continued strengthening in the labour market, according to data released.... read more

 South African Economy49 days ago
Fin24.com | UK pension liabilities increase to £7.6trn

UK pension liabilities have increased by £1trn in the five years through 2015, government figures show.... read more

 South African Economy50 days ago
Fin24.com | US inflation is ECB's risk as bonds show end of decoupling

European Central Bank officials considering when to end their bond-buying programme has to move carefully as US inflationary pressures are helping to push up eurozone borrowing costs.... read more

 South African Economy50 days ago
Fin24.com | Gordhan calls for visible govt action to restore trust in SA Inc

'Words alone won’t create the levels of confidence, trust and cooperation we require,' the new minister of public enterprises has said.... read more

 South African Economy50 days ago
Fin24.com | Malusi Gigaba given 10 days to prepare for Eskom Inquiry

Former finance minister Malusi Gigaba has 10 days to prepare for his appearance before the Eskom Inquiry after he requested an extension last week.... read more

 South African Economy50 days ago
Fin24.com | Ben Ngubane to appear before Eskom inquiry

Former Eskom board chair Ben Ngubane will appear before the Eskom inquiry, after being named and implicated in the testimonies of others.... read more

 South African Economy50 days ago
Fin24.com | ANC to re-table motion to fully nationalise the SA Reserve Bank

The party says the new motion will argue for full state ownership of the bank, which still has private shareholders.... read more

 South African Economy50 days ago
Fin24.com | CEOs should take lead in change - survey

Most South Africans believe that CEOs should take the lead on change, rather than wait for government to impose it, a survey has revealed.... read more

 South African Economy50 days ago
Fin24.com | Former Eskom chair Ben Ngubane to testify before inquiry

The former Eskom board chair has been accused by ex Mineral Resources Minister Ngoako Ramatlhodi of attempting to favour Gupta businesses, a charge he has denied.... read more

 South African Economy50 days ago
Fin24.com | Nuclear still part of SA energy mix, says department of energy

'It is not about whether nuclear is part of the energy mix, but rather how to implement it,' a top official from the department of energy told Parliament.... read more

 South African Economy50 days ago
Fin24.com | Nkoana-Mashabane reaffirms need for land reform

The newly appointed minister of rural development and land reform says her department will continue to accelerate land reform "within the current policies and legislation" ahead of a constitutional review on expropriation without compensation.... read more

 South African Economy50 days ago
Fin24.com | VAT increase: DA calls for 'trimming the fat' instead

There is a way government can access an additional R112bn in revenue instead of increasing VAT by 1% to 15%, says DA leader Mmusi Maimane.... read more

 South African Economy50 days ago
Fin24.com | Experts welcome GDP growth, point to what still needs to be done

A modest growth recovery is anticipated for the SA economy, but the implementation of structural reform is necessary to propel it to higher growth over time.... read more

 South African Economy50 days ago
Fin24.com | Scopa wants answers from Treasury on failed IT system

Scopa wants to know why Treasury didn't use the State Information Technology Agency to help with implementing its ill-fated IT system.... read more

 South African Economy50 days ago
Fin24.com | Corruption Watch warns against bogging down AG

Corruption Watch says it is not opposed to giving the office of the Auditor General more teeth to ensure consequences for financial mismanagement, but this must not bog it down.... read more

 South African Economy50 days ago
Fin24.com | EFF ready to take charge of SARB nationalisation

The EFF says it is willing to table its own motion to nationalise the Reserve Bank, after the ANC decided to withdraw its motion.... read more

 South African Economy50 days ago
Fin24.com | Parliament to probe Prasa

Parastatal Prasa will be investigated by the portfolio committee on transport.... read more

 South African Economy50 days ago
Fin24.com | Eskom operating costs could have been R85bn lower - OUTA

Had Nersa challenged Eskom more over the past decade, the power utility could have been operating at costs R85bn lower than it does currently, claims OUTA.... read more

 South African Economy50 days ago
Fin24.com | Top 5 on Fin24: Gordhan vows to revive SOEs, solid GDP growth and SARB nationalisation on ice

A roundup of Tuesday's top economic and finance reads on Fin24.... read more

 South African Economy50 days ago