Australian PM Abbott turns his focus on jobs

33 minutes ago

Australian Prime Minister Tony Abbott says his cabinet shake-up was for jobs and families as he deals with the fallout of an unpopular belt-tightening budget.

UK households to pay $1.6bn for backup power

2014-12-19 15:30

British households will pay nearly £1bn to help guarantee the country's electricity supply in 2018 and 2019.

Stores fight back amid online delivery delays

2014-12-19 11:00

The Christmas rush is exposing the limitations of internet-only retailers, allowing Europe's shops to fight back with "click and collect" services.

UK targets financial fraud with police unit

2014-12-19 10:15

Britain is to set up a specialist police unit focused on corruption and bribery, aiming to bolster its defences against white-collar crime in the financial sector.

EU bans investment in Crimea

2014-12-18 16:30

The European Union has banned investment in Crimea, halting European help for Russian Black Sea oil and gas exploration.

Cees Bruggemans: As Russia disappears down a sinkhole, what’s Putin’s next move?

2014-12-18 15:24

It has been known for some time that Russian banks and corporates will not be able to refinance in Western debts markets any time soon their outstanding foreign currency debts of some $600bn.

India's Modi moves in to speed up stuck projects

2014-12-18 12:14

Indian Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300bn.

EU reaches deal on capping card payment fees

2014-12-18 10:15

An initial deal on capping fees charged for paying with debit or credit cards across the 28-nation European Union has been reached by negotiators.

Simple way to sane prices

2014-12-18 07:40

Our best economists seem to be lost - why so, asks Edward Ingram.


We're joined in studio by RECM senior analyst, Linda Eedes, who talks about current markets are mirroring those around the peak of 2007 – but with critical differences. Watch.

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Merkel calls Putin over Ukraine, amid ruble plunge

2014-12-17 10:30

German Chancellor Angela Merkel has called Russian President Vladimir Putin to discuss possible steps to secure a comprehensive cease-fire in eastern Ukraine.

US housing starts fall, trend points to recovery

2014-12-17 09:45

US housing starts have fallen in November as groundbreaking for single-family homes declined after increases, in what appears to be a pause in a recovery trend.

Japan logs $7.6bn trade deficit

2014-12-17 09:15

Japan has posted a trade deficit of $7.6bn in November for the 29th consecutive month of trade loss, according to the government.

Nafcoc's in-fighting heads to ConCourt

2014-12-14 15:03

The ousted Nafcoc president is taking his claim to the organisation's leadership post to the Constitutional Court, a report says.

US Senate passes $1 trillion bill, avoids govt shutdown

2014-12-14 07:53

The US Senate has passed a $1.1 trillion spending bill that lifts the threat of a government shutdown as Congress attempts to wrap up a two-year legislative session.

China bank lending jumps 56%

2014-12-12 16:39

Chinese banks have increased new loans by 56% and have easily beaten market expectations to avert a sharper economic slowdown.


While President Jacob Zuma says the Brics Bank is coming to Africa at an opportune moment, political economist, Daniel Silke says BRICS economies are under pressure.

1 comments293 Views

This week, both UK and US stocks slid amid the falling oil price. We speak to political economist Daniel Silke about global economic prospects in the new year. Watch.

0 comments261 Views

While South Africa requires a minimum of a 3% increase in GDP to keep the State ticking over, the country's current GDP is no where near this figure. We speak to political economist Daniel Silke who says the ANC must implement tough policies - which could lose them votes - in order to boost the ailing economy. Watch.

5 comments2856 Views

Metal sector strike cost SA growth - Sarb

2014-12-08 20:36

The month-long strike in the metal sector has knocked back the third-quarter growth rate of the economy, says the South African Reserve Bank.

Greece passes budget unpopular with unions

2014-12-08 09:45

The Greek government has passed a 2015 budget that has come under attack by both union leaders and the country's international creditors.

Brics Bank starts at opportune moment - Zuma

2014-12-05 17:00

The Brics Bank is coming to Africa at a good time as the continent is promoting regional integration and cross-border trade, says President Jacob Zuma.

German central bank slashes growth forecasts

2014-12-05 13:05

Germany's central bank has cut its growth outlook for Europe's biggest economy, halving its projection for next year.

UK permanent hiring slows to 18-month low

2014-12-05 10:50

British firms has hired permanent employees at the slowest rate in 18 months, although starting salaries rose faster due to staff shortages in many sectors.

US jobs, services data underscore the economy

2014-12-04 10:15

US private companies have added workers at a fairly brisk clip in November and the services sector grew strongly, suggesting a slowing global economy.


Road traffic noise affects some Europeans

2014-12-19 16:38

Harmful levels of road traffic noise affect one in four people in Europe and raise health risks ranging from sleepless nights to heart disease.

China, Thailand agree on new rail deal

2014-12-19 15:24

Thailand and China have agreed to build dual track railways in the southeast Asian nation, a deal which could be a boon for Thai trade and tourism.

Paul: US trade with Cuba 'probably a good idea'

2014-12-19 10:45

Senior Rand Paul says starting to trade with Cuba "is probably a good idea" and the lengthy economic embargo against the communist island "just hasn't worked."

German consumer confidence grows at year-end

2014-12-19 09:13

Consumer confidence in Germany has seen a boost in December as shoppers hit the stores for Christmas and looked ahead to the new year with optimism.

Firms scramble to ease rouble pain

2014-12-18 16:19

Russian firms are scrambling to restructure the terms of foreign currency loans as the rouble's decline pushes up the cost of debt servicing.

Putin: Rouble will rise again

2014-12-18 12:33

President Vladimir Putin says Russia's economy will rebound after the rouble's collapse against the dollar, but warned that it could take two years.

Rand affected by rouble - economist

2014-12-18 11:58

The rand is being affected by the rouble's depreciation because they export similar commodities, an economist says.

US consumer prices fall on looming rate hike

2014-12-18 09:01

US consumer prices have recorded their biggest drop in nearly six years but did little to change views the Fed Reserve will start raising interest rates.

German tax breaks for family-run firms unconstitutional

2014-12-17 16:30

Germany's constitutional court has ruled that inheritance tax breaks for family-run businesses is unconstitutional, a decision threatening thousands of jobs.

Russia selling reserves to support rouble

2014-12-17 12:05

Russia's finance ministry is selling its foreign currency to support the rouble, a spokesperson told AFP.

No need to reform French pension system

2014-12-17 10:30

France's social affairs minister says there is no need to reform an indebted pension system, despite a report showing it will face chronic funding shortfalls.

Evidence shows e-cigarettes may help smokers quit

2014-12-17 09:30

Evidence suggests e-cigarettes have helped smokers quit, but more research is needed to confirm this and find out if "vaping" nicotine is better than using patches.

Spain tiptoes back into house-building

2014-12-15 10:30

Spain is building again after seven years of a crushing downturn in the construction sector with investment in house-building registering its first quarterly rise.

Cosatu calls for bonuses for W Cape workers

2014-12-14 13:10

Cosatu has called on companies in the Western Cape to give all workers bonuses in addition to holiday pay.

Namibia keeps repo rate unchanged

2014-12-12 17:20

Namibia's Reserve Bank has kept its repo rate unchanged to support domestic economic activities amid concerns that growth in household credit remains high.


The presidency confirmed South Africa and China signed a number of strategic agreements aimed at strengthening bilateral relations and trade ties. Political economist explains who these links were formed by President Zuma's administration.

32 comments2854 Views

The ANC's close relationship with China was blamed earlier this year for the Dalai Lama's visa refusal to South Africa. Political economist Daniel Silke explains that SA-China links will certainly dictate SA's foreign policy in the coming year.

3 comments620 Views

Although South Africa was once the darling of the African economy, sluggish economic growth now means SA brings down the continent's combined GDP growth rate. Watch.

5 comments466 Views

UK rate rise to test high-debt households

2014-12-08 10:10

Britons who have relied on years of record-low interest rates to manage mortgages are looking nervously ahead, when the Bank of England looks set to raising rates.

Japan's economy shrinks more than expected

2014-12-08 09:20

Japan's economy has shrunk more quickly than expected in the third quarter, according to statistics released.

US trade deficit narrows slightly

2014-12-05 16:32

The US trade deficit has narrowed less than expected in October as lower crude oil prices failed to offset a jump in imports.

Australia's Abbott risks recession

2014-12-05 11:35

A year after Tony Abbott has pledged to be an "infrastructure prime minister", he risks becoming the first Australian premier to preside over a recession.

US shale production steady: Fed Reserve

2014-12-04 10:30

US economic activity has continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve says.

Sanlam reports little earnings growth

2014-12-03 19:30

Sanlam says there has been little earnings growth for the first 10 months of the year and its investment returns are significantly weaker.

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