EconomyLoop
where regional business news becomes global to everyone

Fin24.com | Imagine a world without OPEC. It isn't paradise

Julian Lee writes what would happen if the No Oil Producing and Exporting Cartels bill becomes law and the group failed to protect itself from its reach.... read more

 South African Economy15 minutes ago

     
Fin24.com | Wiese: This is the first time I've been sued by SARS

SA billionaire businessman Christo Wiese maintains his tax affairs are in order and says this is the first time he has ever been sued by SARS.... read more

 South African Economy10 hours ago
Fin24.com | Zim's tobacco sales hit new record

Zimbabwe is set to ease its foreign currency challenges after the country reported record breaking tobacco sales for the 2017/18 marketing season.... read more

 South African Economy11 hours ago
Fin24.com | The story behind Google's secret offer to settle EU's android probe

European Union Competition Commissioner Margrethe Vestager coolly hit Google with a €4.3bn fine, the biggest penalty in the history of antitrust enforcement. But it didn’t have to be that way.... read more

 South African Economy13 hours ago
Fin24.com | WATCH: IMF warns G20 that tariffs hurting economy

The International Monetary Fund is warning world economic leaders that the recent wave of trade tariffs would significantly harm global growth.... read more

 South African Economy15 hours ago
Fin24.com | INFOGRAPHIC: How SA stacks up on the Big Mac Index

According to the latest Big Mac Index, the rand is undervalued by 25% - adjusted to GDP.... read more

 South African Economy15 hours ago
Fin24.com | State-actors blamed in Singapore cyberattack

State-actors were likely behind Singapore's biggest ever cyberattack to date, security experts say, citing the scale and sophistication of the hack which hit medical data of about a quarter of the population.... read more

 South African Economy15 hours ago
Fin24.com | Western Cape drought erodes SA status as wheat importer

SA is traditionally a net importer of wheat, but the Western Cape drought resulted in an increase in wheat imports to the second-highest level on record, says Agbiz.... read more

 South African Economy15 hours ago
Fin24.com | The UAE and its ties to SA

Bilateral trade between the United Arab Emirates (UAE) and South Africa reached 11.75 billion dirham (R43 billion) last year, up 26% from 2016 figures, according to equity market news, data, analysis and investor tools website Mubasher.info.... read more

 South African Economy19 hours ago
Fin24.com | Brics Summit no 'talkshop'

The 10th Brics Summit, to be held in Johannesburg this week, will not be a mere talkshop, according to South Africa’s Brics ambassador, Anil Sooklal.... read more

 South African Economy21 hours ago
Fin24.com | Moyane wants Ramaphosa, Gordhan grilled at his disciplinary

Suspended SARS commissioner Tom Moyane is demanding that President Cyril Ramaphosa and Public Enterprises Minister Pravin Gordhan appear before his disciplinary inquiry so they can face cross-examination.... read more

 South African Economy21 hours ago
Fin24.com | 'Township and rural are part of radical economic change'

Deputy President David Mabuza says township and rural economies form part of calls for radical economic transformation in the country – but businesspeople warn it should not just pay lip service.... read more

 South African Economy21 hours ago
Fin24.com | South Africa at nexus of multilateral discussions

This year South Africa is at the nexus of a number of important global discussions and in its best position yet to champion the case for Africa, as well as its own domestic growth agenda.... read more

 South African Economy21 hours ago
Fin24.com | Calls for fuel levy cuts may fall on deaf ears

The calls by political parties and civil society for cuts to the fuel levy and the Road Accident Fund (RAF) levy could just be populist noise that might not get a hearing.... read more

 South African Economy21 hours ago
Fin24.com | UAE may invest in SOEs

Ambassador says UAE is already in talks with SAA and Eskom, and has pledged $10 billion.... read more

 South African Economy23 hours ago
Fin24.com | Irba issues R2m in fines, shames some auditors

The Independent Regulatory Board for Auditors (Irba) handed out R2 million in fines this week to 21 auditors that contravened its professional standards, code of conduct and the law.... read more

 South African Economy23 hours ago
Fin24.com | Dumped radio told us the real story

It was luck, I guess, and as they say, “in the long run, it is better to be lucky than good”. My luck started when I found a radio on a rubbish heap; someone had thrown it away.... read more

 South African Economy23 hours ago
Fin24.com | LONG READ: Trump tries to change the subject as Russia fallout rattles his party

After days of backlash over his summit with Russian President Vladimir Putin, Trump on Friday sought refuge in the populism that won him office.... read more

 South African EconomyYesterday
Fin24.com | Moyane's lawyer calls hearing 'irrational and unlawful' as disciplinary inquiry starts

The disciplinary hearing of suspended SARS boss Tom Moyane got underway with his lawyer Dali Mpofu criticising its terms of reference as 'irrational and unlawful'.... read more

 South African EconomyYesterday
Fin24.com | Suspended SARS boss Tom Moyane's disciplinary hearing commences

The disciplinary hearing of the tax agency's suspended chief will commence Saturday, four months after he was removed from his job by President Cyril Ramaphosa for bringing the agency into 'disrepute'.... read more

 South African EconomyYesterday
Fin24.com | Global protectionist policies could lead to earlier rate hike for SA

The SA Reserve Bank may have kept the repo rate unchanged at 6.5% this week, but according to analysts SA’s vulnerability to a global trade war has increased the likelihood of hikes later in 2018.... read more

 South African EconomyYesterday
Fin24.com | BUSA calls for investor certainty as Competition Amendment Bill heads to Parliament

Business Unity SA has called for investor certainty and stability as government prepares to put the Competition Amendment Bill through Parliament.... read more

 South African Economy2 days ago
Fin24.com | Eskom dismisses head of legal Suzanne Daniels

Eskom’s head of legal and compliance Suzanne Daniels has been dismissed following a disciplinary hearing where she was found guilty of all four charges laid against her.... read more

 South African Economy2 days ago
Fin24.com | WATCH: Investment bankers on the big screen - how much reality is in the fiction?

German-Luxembourgish TV series "Bad Banks" exposes doctored accounts, insider trading and then betrayal - how much reality is in the fiction?... read more

 South African Economy2 days ago
Fin24.com | Top 5 on Fin24: Medical aid increases don't keep pace with salary raises, Transnet disbands scandal-plagued committee

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

 South African Economy2 days ago
Fin24.com | Ramaphosa slams Moyane's objections to disciplinary as 'sabotage' and 'trite'

President Cyril Ramaphosa has submitted a scathing affidavit outlining the procedural fairness of suspended SARS boss Tom Moyane's disciplinary hearing, due to start on Saturday.... read more

 South African Economy2 days ago
Fin24.com | Brics bank to boost SA loans by as much as R8 billion

The New Development Bank plans to lend as much as R8bn more in South Africa this year in an effort to level the playing field among its five member states.... read more

 South African Economy2 days ago
Fin24.com | WATCH: Amazon workers strike across Europe

Thousands of Amazon workers go on strike for better working conditions in many European countries, including Germany, Poland and Spain.... read more

 South African Economy2 days ago
Fin24.com | Chinese President Xi to visit South Africa ahead of Brics Summit

The visit comes as the Chinese Foreign Ministry says leaders of the Brics nations will work to oppose 'unilateralism and protectionism' in international trade.... read more

 South African Economy2 days ago
Fin24.com | 'Is Cape Town open for business?' - Property forum after Foreshore project is cancelled

'We are interested in bids being awarded, in investment being made,' says the chair of the WC Property Development Forum in reaction to the cancellation of the Foreshore Freeway Precinct.... read more

 South African Economy2 days ago
Fin24.com | Think outside the box to solve land and waste problems

Individual ownership in a capitalist system is not the only alternative to feudal control, says Terry Bell.... read more

 South African Economy2 days ago
Fin24.com | SARB rate decision good news for property market - expert

Four property experts give their views on the current state of the SA property market, where the opportunities are and what the latest SARB rates decision means for the industry.... read more

 South African Economy3 days ago
Fin24.com | Trade union springs to PIC CEO Dan Matjila's defence

The Public Servants' Association has called for Public Investment Corporation CEO Dan Matjila to be protected from accusations and for Deputy Finance Minister Mondli Gungubele's removal from the board.... read more

 South African Economy3 days ago
Fin24.com | Kganyago: We will all be losers in trade wars

Small open economies like South Africa are likely to suffer from global trade wars, Reserve Bank Governor Lesetja Kganyago has said.... read more

 South African Economy3 days ago
Fin24.com | SOEs will keep bleeding unless national interest comes first - Gordhan

The process of 'recapturing' SOEs is well underway - but all involved must work together or they will continue to bleed, says Public Enterprise Minister Pravin Gordhan.... read more

 South African Economy3 days ago
Fin24.com | Top 5 on Fin24: SARB keeps repo rate unchanged and Christo Wiese implicated in tax avoidance scheme

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

 South African Economy3 days ago
Fin24.com | JUST IN: SARB keeps repo rate unchanged, downgrades growth projection

The SA Reserve Bank's monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision.... read more

 South African Economy3 days ago
Fin24.com | EU prepares to retaliate over car tariffs before Trump talks

The European Union is preparing a new list of American goods to hit with protective measures, according to a person familiar with the move.... read more

 South African Economy3 days ago
Fin24.com | Christo Wiese implicated in tax avoidance scheme, amaBhungane reports

The investigative journalism unit reported that Wiese and three other people are being investigated by SARS as part of a larger tax claim case stemming from the restructuring of an oil company called Tullow.... read more

 South African Economy3 days ago
Fin24.com | Analysts expect SA Reserve Bank to keep repo rate unchanged

SARB Governor Lesetja Kganyago will announce on Thursday afternoon whether interest rates will be adjusted.... read more

 South African Economy3 days ago
Fin24.com | "Expensive disaster" - Business body slams scrapping of CT Foreshore development plan

The chamber says it is concerned about the impact of the City of Cape Town's decision to cancel its request for proposals for the development of the Foreshore Freeway Precinct.... read more

 South African Economy3 days ago
Fin24.com | Massive diamond cache detected beneath Earth's surface

There's a load of bling buried in the Earth, but don't expect a diamond rush because these minerals far deeper than any drilling expedition has ever reached.... read more

 South African Economy4 days ago
Fin24.com | LONG READ: Theresa May pays price of trust to survive in tory Brexit war

As they paced the dark, wood-panelled corridors deep in the heart of the British Parliament, Theresa May’s government enforcers were getting desperate.... read more

 South African Economy4 days ago
Fin24.com | Tougher crackdown on the cards from competition authorities - minister

The Competition Amendment Bill will allow for a tougher crackdown on offenders to competition laws, including the issuing of fines for first offences.... read more

 South African Economy4 days ago
Fin24.com | JUST IN: SA Post Office and trade unions reach salary agreement

The South African Post Office and trade unions have reached an agreement over salary increases, bringing an end to the strike.... read more

 South African Economy4 days ago
Fin24.com | Boris Johnson: 'Not too late to save Brexit'

Former foreign minister Boris Johnson urged the British government on Wednesday to change its strategy for leaving the EU, telling MPs it was "not too late to save Brexit".... read more

 South African Economy4 days ago
Fin24.com | Top 5 on Fin24: Ramaphosa invokes his inner Mandela, EU set to fine Google billions and CPI rises to 4.6%

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

 South African Economy4 days ago
Fin24.com | Retail trade sales, inflation mean SARB likely to keep rates steady - analysts

Weak retail sales and a better-than-expected June inflation number suggest the SARB may keep interest rates unchanged, says an FNB analyst.... read more

 South African Economy4 days ago
Fin24.com | Treasury, SARS call for comment on tax law amendments

South Africans have until mid-August to comment on the newly published Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill.... read more

 South African Economy4 days ago
Fin24.com | National Treasury laments poor action over tender deviations

National Treasury has raised the alarm over officials who abuse the public procurement system through deviations from tender processes, saying the practice is rife and there is little accountability.... read more

 South African Economy4 days ago