ARTICLES RELATING TO ECONOMY

SA consumer inflation slows

54 minutes ago

South Africa's headline consumer inflation has slowed year-on-year in July, below market expectations.

Sub-Saharan Africa middle class growing

2014-08-19 19:45

Sub-Saharan Africa has experienced substantial growth in its middle class over the past 14 years, according to a Standard Bank report.

Egypt awards Suez hub project to consortium

2014-08-19 15:44

Egypt has announced it has chosen a consortium to develop an industrial and logistics hub in the Suez Canal area.

France to boost housing, cut taxes for low-paid

2014-08-19 11:15

The French government will announce measures soon to boost construction and give tax relief to low income households.

Natural gas can keep motors running

2014-08-19 10:54

Cheap natural gas is starting to revolutionise traffic on US roads, cutting bills for some of the country's heaviest fuel users while reducing carbon emissions.

Economic benefits of liberal African aviation

2014-08-19 05:00

Many air markets between Africa and countries outside the continent have been liberalised significantly, yet intra-African aviation remains largely closed.

Govt must get rid of procurement fraud - body

2014-08-17 12:00

Government would be better served by ensuring that registered professionals are engaged from the commencement of projects, warns an industry body.

British economy grew 0.8% in Q2

2014-08-15 15:00

The British economy has expanded 0.8% quarter-on-quarter in the second quarter, data released showed, a day after the eurozone reported zero growth.

Zimbabwe inflation quickens in July

2014-08-15 13:30

Zimbabwe's inflation quickened year-on-year in July, says the official statistics agency Zimstats.

Puerto Rico debt crisis far from over

2014-08-15 11:15

Puerto Rico has managed to keep its electricity flowing, but creditors made it clear that the crisis enveloping the island's power utility is far from over.

India's Modi vows to fix broken government

2014-08-15 09:30

Indian Prime Minister Narendra Modi has voiced dismay at the government in-fighting he found on assuming office in May and vowed to fire up the bureaucracy.

Russia crisis could hurt booming business

2014-08-14 16:45

A crisis in Russia has the potential to harm what has been a fast-growing source of customers for the tourism industry, according to TUI AG.

Manufacturing job cuts on the cards

2014-08-14 13:30

The short term outlook for manufacturing conditions in SA is bleak and job cuts would be likely over the next 12 months, according to a survey.

Strikes cost SA 13 million workdays this year

2014-08-14 12:15

SA has lost over 13 million workdays this year due to industrial action, causing economic role players to be cautious in decision making, warns an economist.

Sanction threat on peace deal in S Sudan

2014-08-14 11:30

The United States is considering sanctions on anyone impeding attempts to reach a peace agreement in South Sudan.

More companies vulnerable to US sanctions

2014-08-14 10:00

Companies even partly owned by individuals sanctioned by the US government could find themselves blacklisted as the result of a rule change.

Argentina slams US judge

2014-08-14 09:30

Prospects for a private sector solution to Argentina's sovereign debt dispute has deteriorated, while the government dashed hopes it might agree to restart talks.

Gazprom boosts European exports by 2.5%

2014-08-13 18:30

Russia's state-controlled Gazprom has increased exports to Europe despite EU efforts to reduce the bloc's dependence on Moscow, data shows.

Bank of England slashes wages forecast

2014-08-13 15:00

The Bank of England has forecast that wages would grow far more slowly than previously expected and linked their rate of increase closely to borrowing costs.

China's economic data points to further softness

2014-08-13 14:30

China's economy has shown further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed.

Trump plans investment in India

2014-08-12 19:30

American real estate mogul Donald Trump is planning "substantial investments" in the Indian property and hotel sectors.

Turkish exporters enjoy boost from Russian ban

2014-08-12 15:46

Russian companies have increased their orders from Turkish firms after Moscow stopped imports of most food from the West in retaliation for US and EU sanctions.

Black truffles from Down Under conquer US

2014-08-12 14:15

A pungent mushroom has conquered the US summer menu and is no longer just a treasured winter treat.

Brazil's Neves vows to reduce inflation

2014-08-12 09:45

Brazilian opposition candidate Aecio Neves says if elected president he will adopt policies aimed at bringing the inflation rate back.

Sars love-affair: Lawyer rejects reports

2014-08-11 18:53

The lawyer who laid a complaint against Sars group executive Johann van Loggenberg after their relationship ended has called media reports false and defamatory.

 

Ebola no threat to SA tourism - minister

2014-08-20 05:00

The Ebola outbreak in West Africa is no threat to tourism in South Africa, says Communications Minister Faith Muthambi.

US housing market improving

2014-08-19 16:00

US housing has rebounded strongly in July, pointing to momentum in the economy, but a moderate increase in consumer prices suggested the Federal Reserve.

SA-Dutch design collaboration fund started

2014-08-19 11:38

The Netherlands has announced a fund for South African-Dutch collaborations as a legacy of the Dutch contribution to World Design Capital Cape Town 2014.

Cotton industry accepts wage proposal

2014-08-19 11:04

Striking workers in the cotton textile industry have accepted a wage proposal, says the SA Clothing and Textile Workers' Union.

100 black industrialists

2014-08-19 07:34

The department of trade and industry aims to create 100 black industrialists.

Corporate foreign tax moves have bedeviled US

2014-08-18 14:30

The US government has grappled with corporate deals known as inversions in which US companies shift their tax domiciles abroad to avoid US taxes.

Growing film industry can boost tourism

2014-08-15 15:43

The potential growth of South Africa’s film and entertainment industry can have a ripple effect on the country’s tourism revenues, says a hotel manager.

Hundred black industrialists to be created - dti

2014-08-15 14:49

The dti will launch an incentive scheme that will specifically focus on black industrialists, because it regards the current system as being open for abuse.

Botswana leaves interest rate unchanged at 7.5%

2014-08-15 12:30

Botswana's central bank has left its benchmark lending rate unchanged at 7.5%, saying the stance was in line with its inflation objectives.

Malaysia's economy up 6.3% in H1

2014-08-15 10:00

Malaysia's economy has expanded by 6.3% year-on-year in the first half of the year, compared with a 4.4% growth for the same period in 2013.

US unemployment claims rise

2014-08-14 17:30

The number of Americans filing claims for jobless benefits have risen, but will probably do little to change views that the labour market was strengthening.

European experts start emergency talks

2014-08-14 15:00

Agricultural officials from all 28 European Union countries began emergency talks to weigh the impact of Russia's ban on Western food imports.

Germany's economy down, Europe hopeful

2014-08-14 13:00

The German economy has suffered a surprise contraction in the second quarter, its first in more than a year, raising new doubts about Europe's recovery.

London property momentum fading

2014-08-14 12:00

Momentum behind London's property boom appears to be fading, according to a survey that has added to signs that rapid house price growth is starting to moderate.

Russia's challenge: Money and talent exodus

2014-08-14 10:45

The Kremlin's worst clash with the West since the 1991 collapse of the Soviet Union has accelerated the outflow of two of Russia's key assets: Money and brains.

Radebe: Minerals belong to people as a whole

2014-08-14 09:54

Minerals by definition belong to the people as a whole and should become a reality in mining industry equity, says Minister in the Presidency Jeff Radebe.

EU seeks to stop Islamic Syrian oil sales

2014-08-14 08:59

The European Union is looking into how it could tighten sanctions to stop Islamic State militants from selling oil from fields they have overrun in Syria.

Eskom focuses on illegal connections

2014-08-13 18:00

During the Eskom National Electricity Safety Week Eskom is promoting and educating the public on the safe use of electricity.

Power system remains tight - Eskom

2014-08-13 14:41

The power system remains tight and will be for some time, but it is manageable, says Eskom.

India's Modi disappoints some fans so far

2014-08-13 10:00

As an election campaigner, Narendra Modi promised sweeping market reforms to revive India's economy and put the country to work.

Russia to boost wheat supplies to Egypt

2014-08-12 17:05

Russia will supply at least 5 million tons of wheat to Egypt and will increase agricultural goods imports from the North African country.

Russia, Belarus talk about banned Western food

2014-08-12 15:28

Moscow has sent officials to Belarus, which has a free trade zone with Russia, after it said it would not become a conduit for banned Western food products.

Steep toll hikes not justified - chamber

2014-08-12 12:34

There are concerns that, if the N1 and N2 tolls roads go ahead, toll fees will be low at first and then increased regularly, warns a business chamber.

Argentina calls for US intervention

2014-08-12 09:04

Argentina has asked the US to intervene in a court case over its defaulted debt after a district judge threatened the country with contempt for 'false statements'.

European Commission cuts fish quotas

2014-08-11 15:54

The European Commission has cut this year's fishing quotas for ten member countries, to compensate for overfishing in 2013.

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