ARTICLES RELATING TO ECONOMY

Contested land in Kenya repossed

30 minutes ago

Kenya's President Uhuru Kenyatta has ordered the government to repossess large areas of land which has been hit by recent attacks.

Argentina holds no positive expectations

2014-08-01 15:15

Argentina's Cabinet says the government holds no positive expectations for a court hearing in New York that will discuss the country's debt default.

More gloom amid bigger electricity hikes

2014-08-01 13:51

An additional increase in electricity tariffs on top of the 8% already granted to Eskom is unlikely to aid economic growth, says an expert.

Business unusual for Argentines in default

2014-08-01 10:30

Argentina may have defaulted on its debt for the second time in 12 years, but the packed cafes in Buenos Aires show little sign of distress.

Berlin's 'death strip' lures wealthy buyers

2014-08-01 10:00

When luxury living The Garden opens only a metal strip retracing the Berlin Wall will remind its inhabitants that 25 years ago this was on no man's land.

Malema: EFF will take on 'the big boys'

2014-07-31 19:37
201 comments

The Economic Freedom Fighters are not frightened of taking on “the big boys”, who have robbed the economy of billions, says its leader Julius Malema.

Rational thinking

2014-07-31 10:17

All players should first consider the net result of their actions, says Leopold Scholtz.

NUM signs wage agreement with Kumba

2014-07-31 09:31

The National Union of Mineworkers has signed a three-year wage deal with Kumba Iron Ore, says the union.

EU recovery could be good news for SA

2014-07-30 21:00

Europe is recovering from economic problems and this turnaround will hopefully stimulate increased trade with South Africa, says an expert.

Cosatu threatens metal firms in W Cape

2014-07-30 19:01

Companies continuing to lock out workers in the metal industry in the Western Cape will see their companies closed down by Cosatu, says the union.

Moscow-based lobby regrets new EU sanctions

2014-07-30 13:15

The Moscow-based Association of European Businesses says it "deeply regrets" new sanctions imposed by the European Union on Russia.

France to earmark €10bn of funding

2014-07-30 11:00

France will mobilise about €10bn for a package of tax breaks, low-cost loans and bonuses to boost investment in renewable energy.

Oliphant pleased with metal strike resolution

2014-07-30 09:23

Labour Minister Mildred Oliphant has congratulated parties in the metals sector for reaching an agreement which ended the four-week strike.

SA must change 'crazy' labour laws

2014-07-29 21:30

The country’s "crazy" labour legislation unfortunately prevents millions of people from getting jobs, says Woolworths non-executive chair Simon Susman.

SA's jobless rate increases

2014-07-29 13:33

South Africa's unemployment rate has lifted in the second quarter of 2014, data shows.

Eleven months' maternity leave wanted - report

2014-07-29 10:02
76 comments

Trade unions and non-govermental organisations have called for 11 months' maternity leave for mothers, reports The Times.

US group overhauls China business

2014-07-29 09:30

A US meat supplier says that the Chinese unit at the centre of the food safety scandal has issues that are "absolutely inconsistent" with the group's standards.

SA economy struggles to find first gear

2014-07-29 06:00

It seems the South African economy is struggling to find first gear and the reverse light comes on from time to time, says an expert.

UK interest rates should stay low for now - IMF

2014-07-28 19:30

The Bank of England has won backing from the IMF for keeping interest rates low, even as the body welcomes signs that Britain's economic recovery is broadening.

Bankia reports profits surge

2014-07-28 15:00

Spain's last big nationalised bank, Bankia, says its first-half net profit rose by almost half as its losses from bad loans dropped.

Moscow won't respond in kind to sanctions

2014-07-28 12:00

Russian Foreign Minister Sergei Lavrov has said that Moscow would not take tit-for-tat measures or act "hysterically" in response to sanctions imposed by the US and EU.

Australia submarine deal with Japan in sight

2014-07-28 09:30

Australia could discuss building its next-generation fleet of submarines overseas, a shift that could open the door to a partnership deal with Japan.

ECB backs Bundesbank call for higher wages

2014-07-27 16:31

The European Central Bank says it supports Germany's Bundesbank in its appeals for higher wage deals in German.

Bill should give back stolen land – EFF

2014-07-25 18:34
97 comments

The passing of the appropriation bill has caused heated debate in parliament, with some MPs claiming it will place an unfair burden on future generations .

Zimbabwe slashes growth forecast

2014-07-25 14:27

Zimbabwe has cut its 2014 growth forecast, in line with projections from the IMF, say the finance minister and central bank governor.

 

Nene: Nigeria's success a warning to SA

42 minutes ago

The success of Nigeria and other African countries should serve as a warning to South Africa, says Finance Minister Nhlanhla Nene.

US unemployment rate rises

2014-08-01 14:55

US job growth has slowed more than expected in July and an unexpected rise in the unemployment rate pointed to some slack in the labour market.

EU factory growth eases as inflation fades

2014-08-01 11:15

Eurozone manufacturing growth has failed to accelerate as expected despite factories barely raising prices, as tensions in Ukraine weighed on sentiment.

Irish manufacturing expands even more

2014-08-01 10:15

Irish manufacturing activity has expanded steadily in July as strong orders at home and from overseas help to keep the economic recovery on track.

Davies: SA at root of US, Africa trade

2014-08-01 09:55

South Africa has been at the centre of exploring trade opportunities between the United States and Africa, says Trade and Industry Minister Rob Davies.

Middle class status in jeopardy - index

2014-07-31 15:50

While more South Africans are getting richer, many middle class workers' suburban aspirations are coming to an end, according to experts.

Millions of illegal products destroyed

2014-07-31 10:02

Illegal products worth R438m have been destroyed, says the department of trade and industry.

Where's the rational thought?

2014-07-31 07:30

All players should first consider the net result of their actions, says Leopold Scholtz.

Eskom welcomes decision

2014-07-30 19:45

Eskom has welcomed a decision by the National Energy Regulator to allow it to recover close to R8bn in losses and increase prices.

China tops tea toothpaste

2014-07-30 18:20

Chinese retailers are tapping local taste with, among others, green-tea flavoured toothpaste to whittle away market share from global rivals.

SA consumers spend more on medicine

2014-07-30 11:17

Medicine expenditure among private health care members has increased for the first time since 2011, according to the latest Mediscor Medicine Review.

Russia sanctions threaten to blow eurozone

2014-07-30 10:45

The knock to confidence from harsher European sanctions on Russia could spoil the eurozone's budding economic recovery.

Govt threat to SA food security - economist

2014-07-30 06:00

Continued involvement of the SA government in the free functioning of market forces creates serious threats to food security in the country, says an economist.

Interest rate could peak near 11% next year

2014-07-29 14:15

The ever-increasing cost of living means that many South Africans could lose their middle class status or fall into poverty, warns an expert.

Metal workers return to work after 4-week strike

2014-07-29 11:23

Metal workers have started returning to work, but the Reserve Bank has expressed concern that increases could trigger a wage-hike spiral and cost jobs.

Russia hit by Yukos ruling amid sanctions

2014-07-29 09:45

An international court has ordered Russia to pay Yukos shareholders a record $50bn compensation over its seizure of the defunct oil giant.

SA's credit growth quickens

2014-07-29 09:28

Growth in credit demand from South Africa's private sector has quickened year-on-year in June, shows reserve bank data.

Kenya 'must be joking' about tourism figures

2014-07-28 22:00

A Kenya hotel chain has disputed official tourist figures, saying violent attacks by militant Islamists have scared away more tourists than authorities admit.

Mozambique still counting on coal

2014-07-28 18:15

Mozambique is still counting on increasing coal exports to expand its infrastructure and drive economic growth, despite depressed global prices.

China needs to import more food: Official

2014-07-28 12:15

China should boost imports of food so it can dedicate more of its scarce water supplies to energy production, an official says.

Hague court could order Russia to pay $50bn

2014-07-28 10:30

The Permanent Court of Arbitration in the Hague could announce that Russia must pay $50bn to former shareholders of the defunct oil company Yukos.

Policing the economists

2014-07-28 07:15

The world needs a global code of ethics for economists, says Mandi Smallhorne.

Good news for SA maize output

2014-07-25 19:23

South Africa is likely to raise its 2014 maize output forecast slightly as harvesting draws to a close with little expectation of a big change in the estimate.

US food prices rise on drought, disease

2014-07-25 17:30

Overall US food inflation will remain near the historic norm in 2014, even as prices for meat and seafood are pushed higher by disease and widespread drought.

Zim slashes growth forecast

2014-07-25 14:24

Zimbabwe has cut its 2014 growth forecast to 3.1%, in line with projections from the International Monetry Fund.

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