Wealth redistribution: Investment or takeover?

2014-09-20 11:51

Economic transformation is needed in South Africa to accelerate growth and help overcome challenges of income inequality, argues Tshetlhe Litheko.

Business welcomes Scotland staying in UK

2014-09-19 13:29

Britain's business community breathed a sigh of relief after Scotland voted by a clear margin to remain in the United Kingdom.

Japan cuts economic assessment

2014-09-19 12:00

Japan has downgraded its assessment of the economy in its monthly report for September for the first time in four months due to weak consumer spending.

Chinese firms face off with ratings agencies

2014-09-19 10:30

Chinese companies hounded by debt obligations accrued over the past few years are grappling with a new adversary at what is a very inconvenient time.

Call to attach property of Khulubuse, Zondwa

2014-09-18 11:08

Cosatu has called on the sheriff of the court to attach the property of Khulubuse Zuma, Zondwa Mandela and other directors of the liquidated Aurora mine.

Economists split on interest rates

2014-09-18 07:00

After the release of surprise inflation data, experts vary on what they predict the SA Reserve Bank will decide on the interest rates.

Most Bank of England officials oppose rate rise

2014-09-17 16:15

Most Bank of England policymakers remained against raising interest rates when they met this month, and data show wages rising at their slowest pace on record.

India, China relations on new footing

2014-09-17 12:30

India's new prime minister Narendra Modi is determined to build closer relations with China, whose leader comes with pledges to invest billions.

US incomes nearly flat, poverty dips

2014-09-16 18:09

The median household income remained nearly flat at $51 939 in 2013 compared to the previous year, according to federal government data.

Difficult to call Sarb's next rate move

2014-09-16 11:42

The Reserve Bank faces an unsually difficult interest rate decision at its monetary policy meeting, experts tell Fin24.

Ukraine should steer middle course - business

2014-09-16 10:45

Ukraine should seek special trade deals with Russia and the EU and consider military non-alignment to help stabilise its economy, say business leaders.

DA wants answers on Eskom bailout

2014-09-15 15:43

The DA has demanded answers from the government on what its bailout plan for the embattled state electricity utility Eskom will entail.

EU companies flush with cash, set to invest

2014-09-15 14:00

European companies have close to €1trn in cash - more than before the financial crisis - and are set to invest heavily during the next 12 months, says Deloitte.

Cabinet approves Eskom funding package

2014-09-14 19:17

Cabinet has approved a package to close the funding gap at Eskom, the National Treasury says.

Sanctions will freeze big foreign oil projects

2014-09-14 18:30

Fresh US and EU sanctions imposed on Moscow will bring an abrupt halt to exploration of Russia's huge Arctic and shale oil reserves.

SA wins international outsourcing skills award

2014-09-14 17:26

South Africa has won the “Skills Development Programme of the Year” at the National Outsourcing Association Professional Awards in London.

Tanzania receives finance to expand port

2014-09-14 16:30

Tanzania has signed a $565m deal with the World Bank and other development partners to expand its main port of Dar es Salaam.

Foreign investment in Mauritius jumps

2014-09-14 11:15

Foreign direct investment in Mauritius has jumped in the first six months of 2014 from a year earlier, helped by a flow of money into real estate.

Scotland 'Yes' vote will trigger dispute

2014-09-12 15:45

Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence.

Europe needs strategy after broken promises

2014-09-12 13:30

Eurozone finance ministers have cast around for ways to revive the bloc's economy as their post-crisis strategy of budget rigour is left in tatters by France.

IMF talks with Mali to revive aid package

2014-09-12 11:00

The International Monetary Fund has restarted talks on reviewing an aid programme for Mali and resuming aid payments to the West African country.

Argentina passes new debt bill

2014-09-12 09:55

Argentina's Congress has passed a new bill designed to enable the government to resume debt payments to bondholders in defiance of a US court ruling.

No need for urgent Opec meet - Kuwait

2014-09-11 16:30

Opec member Kuwait says there was no need to call an emergency meeting for the producers' cartel to discuss sliding oil prices after crude hit a 17-month low.

Argentina passes debt restructuring law

2014-09-11 16:00

Argentina's Congress has given approval to a law that would restructure its debt to skirt a US court ruling that forced it into its second default in 12 years.

New Russia, Ukraine, EU gas talks set

2014-09-11 15:30

Ukraine, Russia and the European Commission will hold a new round of talks on the Russia-Ukraine gas pricing dispute in Berlin, says the Commission.


Nepal, Indial to build hydropower plant

2014-09-19 14:00

Nepal has signed a long-delayed agreement with New Delhi to build Nepal's biggest hydropower plant in a bid to kickstart economic growth.

Cape Town to appeal Sanral secrecy ruling

2014-09-19 12:29

The City of Cape Town has decided to apply for leave to appeal after studying the judgment in the secrecy applications of Sanral and Protea Parkway Consortium.

Argentina, Citigroup face tough questioning

2014-09-19 11:30

A US appeals court has signaled its displeasure with Argentina as Citigroup warned it faces "serious and imminent hazard" if it follows a judge's order.

Nigeria oil strike still on

2014-09-18 11:47

Nigerian oil unions have continued a strike they say could affect exports if no agreement is reached with the government.

G20 seeks closure on regulations

2014-09-18 10:30

Australia is leading a push to draw a line under the global financial crisis, urging the G20 to finalise regulations aimed at preventing a repeat of the crash.

Sanlam CT Marathon brings economic boost

2014-09-17 20:42

The Sanlam Cape Town Marathon could bring great economic benefits to the Mother City by attracting athletes from around the globe and boost city tourism.

Hollande heads for showdown over job deregulation

2014-09-17 14:00

President Francois Hollande has angered everyone from medics to taxi drivers enough to drive them onto the streets in recent months.

SA's August inflation quickens

2014-09-17 11:04

Headline consumer inflation has risen above market expectations to 6.4% year-on-year in August, compared with 6.3% in July.

Plans to crack down on corporate tax avoidance

2014-09-16 16:53

Plans for rewriting international tax rules could eliminate structures that have allowed companies like Google and to shave billions of off tax.

Britain pledges state funding to Scotland

2014-09-16 11:15

Britain has promised Scotland high levels of state funding, granting Scots control over healthcare spending to shore up support before the vote on independence.

UK environmental record ranges from bad to worse

2014-09-16 09:45

British lawmakers say the government is doing a worse job of reducing air pollution, preventing flooding and protecting wildlife than it was four years ago.

OECD slashes growth forecasts

2014-09-15 15:15

The OECD has slashed its growth forecasts for major developed economies, urging more aggressive ECB stimulus to ward off deflation in a subdued eurozone.

EU seeks billions of euros to revive economy

2014-09-15 06:00

EU finance ministers have tasked the European Commission and other bodies to find ways of creating growth without getting deeper into debt.

World waits for white smoke from US Fed

2014-09-14 19:00

The US Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week.

China factory growth slows to near 6-year low

2014-09-14 17:30

China's factory output has grown at the weakest pace in nearly six years in August while growth in other key sectors also cooled.

Business schools should help shape SA economy

2014-09-14 17:11

Business schools can play an important role to make South Africa a better place, says the new director of the University of Stellenbosch Business School.

Foreign fund impact a risk for emerging markets

2014-09-14 14:00

The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behaviour, shows a report.

Eskom excited about Medupi countdown

2014-09-14 10:28

After learning some lessons, Eskom will be counting down from a 100 days to the synchronisation of the first of the Medupi power station’s six units.

Eurozone output jumps more than expected

2014-09-12 14:18

Eurozone industrial output has jumped twice as much as expected, breaking a two month trend of contraction.

Support for Scottish independence slips

2014-09-12 12:00

Supporters of keeping Scotland in the United Kingdom have clawed back a lead over separatists, a poll shows.

Blockaded Gaza faces huge challenges

2014-09-12 10:15

War in one of the most densely populated parts of the world have left swathes of Gaza in ruins, with the economy reeling under an Israeli-Egyptian blockade.

Mchunu: 900 000 new jobs by 2020

2014-09-11 20:16

KwaZulu-Natal Premier Senzo Mchunu has reiterated his commitment to working with big business to unlock the potential of the province.

Putin may delay Japan visit over sanctions

2014-09-11 16:15

President Vladimir Putin may delay his visit to Japan, because of sanctions Tokyo has imposed on Russia for its role in the Ukraine crisis.

Court hitch for Greek privatisation project

2014-09-11 15:45

Greece's top privatisation project, the long-awaited development of the former Athens airport, is facing new delays.

Bribery, corruption frustrate CEOs in Africa

2014-09-11 15:08

For 83% of CEOs in Africa, bribery and corruption form a significant and frustrating threat to business growth, according to a PwC report.

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