Consumer spending in US ticks up 0.4% in May

2016-06-29 17:15

Consumer purchases have moderated last month after the biggest advance since August 2009 as American households realigned outlays with slower income growth.

Next Brexit test: Finding £100bn to keep UK's lights on

2016-06-28 11:48

As if managing the Brexit crisis aren’t enough, the UK government also needs to find £100bn to keep the lights on nationwide after 2020.

Van Vuuren: Why panic (#Brexit) usually costs you dearly

2016-06-28 07:21

Panic selling flushes out the weak hands and when all the sellers are gone, there's only one way when the short sellers have to cover their positions – up, says an analyst.

Brexit to prolong housing woes: London broker

2016-06-27 11:00

Foxtons forecast lower 2016 revenue and profit as the UK’s decision to leave the European Union prolongs uncertainty in London’s residential property market.

Mozambique's LAM to suspend flights to Angola

2016-06-24 19:23

Mozambique's state-owned airline LAM will suspend flights to the Angolan capital Luanda from July, blaming financial and operational difficulties.

African assets slump as Brexit vote triggers commodity decline

2016-06-24 12:23

Currencies, stocks and bonds across Africa have plunged after the UK’s vote to leave the EU triggered a slump in oil and other commodities and sent investors scurrying.

We're broke because we're not part of global economy - Zim minister

2016-06-23 13:40

Zimbabwean Finance Minister Catrick Chinamasa has said that the southern African country's government is broke because it is not part of the global economy, a report says.

Slowing inflation gives Sarb more room to pause on rates

2016-06-22 16:37

The inflation unexpectedly slowed in May, giving Sarb room to keep interest rates unchanged to support an economy at risk of falling into recession.

Brexit vote could cause whole of EU to unravel: Ryanair

2016-06-22 10:45

Ryanair chief executive officer says a UK vote to leave the European Union could lead the whole of the 28-nation bloc to unravel.

How to boost tourism in SA

2016-06-20 13:10

Hosting mega-events may not be the answer to boosting SA's tourism industry. Johan Fourie, associate professor in economics at Stellenbosch University, shares why and sheds light on what we can do to really better this vital industry.


Is the Fed done hiking rates until 2018?

2016-06-29 08:50

Traders, who have consistently been better at predicting interest rates than the Federal Reserve, expect the next rate hike only in January next year.

Escaping Brexit pushes SA stock buying to 7-yr high

2016-06-28 10:13

As markets have tumbled after last week’s Brexit vote, foreigners bought South African shares at the fastest pace in over seven years, seeking havens in gold and dollar.

Battered UK govt seeks unity to soothe Brexit nerves

2016-06-27 12:57

Leaders of Britain’s splintered government have sought to reassure investors they’ll be able to navigate the fallout from the stunning vote to quit the European Union.

Businesses are experiencing uncertainty - Gordhan

2016-06-27 06:57

Finance Minister Pravin Gordhan says following the result of the Brexit referendum developing countries, including South Africa, are experiencing volatility in business.

CEOs reassess UK investment after 'Lose-Lose' Brexit vote

2016-06-24 13:58

From London to Paris to Tokyo, business leaders reacted with dismay to the UK’s vote to leave the EU with some of them warning the decision would slow economic activity.

Currency ‘dislocation’ stalling African buyouts

2016-06-23 19:11

Volatile currencies and weaker commodity prices are keeping private equity investors focused on sub-Saharan Africa on the sidelines.

Mauritius eyes other African markets for tourism

2016-06-22 20:45

The Mauritian tourism minister, Xavier Luc Duval, says his country is targeting Nigeria and other African countries to help sustain growth in tourism.

Slow inflation growth may keep rates on hold

2016-06-22 13:58

Slower inflation trajectory is likely to provide the South African Reserve Bank Monetary Policy Committee with enough justification to keep rates on hold, writes Jason Muscat, FNB senior industry analyst.

UK vote to remain in EU best for both parties: Unilever

2016-06-21 11:00

A British vote to remain in the EU would be in the best interests of the country and the continent, supporting economic growth and employment, says Unilever CEO.

In the markets: What to watch this week

2016-06-20 09:29

All eyes are on the Brexit referendum this week. Giacomo Bonavera, of Capilis Asset Managers, looks at how this will impact the markets.

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