ARTICLES RELATING TO SA ECONOMY

Ramaphosa admits state's BEE limitations

2014-09-18 07:40

Deputy President Cyril Ramaphosa is candid about the limitations of government empowerment policies, but says the state is committed to "force transformation".

Govt looks to tackle copper theft

2014-09-17 18:23

The government says that placing tightening of laws to deal with cable theft problem, which is costing the economy billions of rands, is high on its agenda

Moody's: Strikes affected deficit

2014-09-16 07:31

Strikes, sluggish global demand and declining commodity prices have affected South Africa's worsening current account deficit, says rating agency Moody's.

Rand near 7-month low on dismal data

2014-09-11 18:16

The rand has traded close to a seven-month low against the dollar after dismal manufacturing and mining production numbers pointed to an economy in trouble.

Economic worries grow as mining output sinks

2014-09-11 13:41

Mining output dropped 7.7% year-on-year as platinum prices tumbled over 45% and the economy struggled to recover from a five-month platinum sector strike.

Hope for SA amid economic mess

2014-09-11 07:00

The BankservAfrica Economic Transaction Index shows the economy is, once again, on the verge of decline. But there could be good news...

Radebe: Zuma committed to fight corruption

2014-09-10 14:45
202 comments

The government, particularly President Jacob Zuma, has a firm commitment to fight corruption, according to Minister in the Presidency Jeff Radebe.

Game breeders rake in big bucks

2014-09-10 05:00

The private game breeding industry is better than the stock market, says a game farm owner, who does not expect prices of the animals to depreciate in his lifetime.

SA wants to resume Iran oil imports

2014-09-09 15:32

South Africa hopes to resume oil imports from Iran, once its biggest supplier of crude, and hopes to resolve "sanction issues" that have blocked purchases.

Current account deficit shock

2014-09-09 10:33

The current account shortfall has widened more than expected to 6.2% in the second quarter, as SA's economy was hit by prolonged strikes and lower global demand.

Outa: E-toll economics make no sense

2014-09-09 09:31

If the economics of e-tolling are not right, mustering all the executive powers available to government will be a futile exercise, says Outa.

SA citrus growers suspend EU exports

2014-09-08 12:31

South African citrus producers will voluntarily suspend exports to the European Union in order to comply with EU standards against a fungal disease.

Conditions for revolution

2014-09-08 10:40

Economic developments are creating crisis conditions with little good news on the horizon, says Edward West.

Net reserves down at $44.24bn

2014-09-05 09:02

South Africa's net gold and foreign exchange reserves have dipped in August, from $44.315bn in July, data from the Reserve Bank shows.

Ukraine to buy coal from SA

2014-09-03 20:01

Ukraine will buy one million tonnes of coal from South Africa because the military conflict in its Donbass region has disrupted domestic coal production.

PMI up, shows post-strike recovery

2014-09-03 10:20

The HSBC Purchasing Managers' Index has risen to 51.1 in August from 46.4 in July, snapping a four-month contraction after the resolution of a protracted strike.

Footwear sector shows promising jobs growth

2014-09-01 07:42

Employment in the footwear and leather sector has grown by 5% between 2012 and 2014 as the industry stabilises, says Trade and Industry Minister Rob Davies.

Trade deficit widens

2014-08-29 15:19

South Africa's trade deficit has widened more than expected in July, from a R190m shortfall in June, data from the South African Revenue Service shows.

Credit growth quickens to 9.77%

2014-08-29 09:41

Growth in credit demand from South Africa's private sector quickened to 9.77% year-on-year in July from a revised 8.63% in June,says the Reserve Bank.

Headline producer inflation slows

2014-08-28 12:13

South Africa's headline producer inflation has slowed year-on-year in July from 8.1% in June, says Statistics SA.

SA mining at a crossroads

2014-08-27 20:08

Mining in SA is facing perhaps the most uncertain time in its history, with lower rates of investment and major mining houses slimming down to core businesses.

E-tolls an immoral project - Cosatu

2014-08-27 16:30

E-tolls will add to the burden of the poor, who will be forced to pay more to travel on highways which were previously free of charge, says Cosatu.

Rand firms against the greenback

2014-08-26 18:57

The rand has ended slightly firmer against the dollar on the back of a positive gross domestic product number.

Lonmin dismisses job cut reports

2014-08-26 17:42

Lonmin says its immediate focus is to achieve a safe ramp-up of production in order to rebuild the business and restore profitability.

 

Cosatu slams 'purely profit-driven' firms

2014-09-18 05:00

Private companies are not doing enough for social transformation, claims the Congress of SA Trade Unions.

Retail sales bounce back at 2.4%

2014-09-17 13:40

Retail sales have risen 2.4% year-on-year in July, above market expectations, compared with a 0.9% contraction in June.

More jobs but fewer skills among blacks

2014-09-16 09:56

The rate of employment creation has increased with black people benefiting the most but skills levels among blacks have slipped 3%, says the presidency.

Zuma: Hike in national debt a strategic move

2014-09-11 19:28

The big rise in SA's national debt relative to GDP in the past five years is a strategic move aimed at spurring economic recovery, says President Jacob Zuma.

More bad news as manufacturing output drops

2014-09-11 14:52

The battered economy has taken another blow as manufacturing production fell more than expected to -7.9% year-on-year in July.

Brics bank will boost agriculture - minister

2014-09-11 08:43

Agriculture Minister Senzeni Zokwana says the Brics bank is an instrument for growth for agriculture and an opportunity to widen markets for SA.

Trade activity shrinks

2014-09-10 15:08

The seasonally adjusted Trade Activity Index has shrunk to 43 points in August, a significant departure from the average 50-level that prevailed since February.

Economy set to pick up - Nedbank

2014-09-10 07:00

The economy is expected to improve in the second half of the year off a low base and also supported by some improvement in global demand, says Nedbank.

Rand tumbles on wider current account gap

2014-09-09 18:10

The rand has fallen more than 1% against the dollar to its weakest in nearly six months, as confidence in the economy wanes.

Rand slumps on widening current account gap

2014-09-09 12:12

The rand has fallen to a six-month low of R10.89/$ on the news that the current account widened more than expected as strikes hit exports.

Rand dips as investors fret over economy

2014-09-09 09:42

The rand has weakened to near a month-low against the dollar in early trade as investors worried about the health of the economy.

Land ceilings a 'political charade'

2014-09-09 08:51

The proposal to limit land ownership is as radical as redistributing 50% of land to farmworkers and amounts to land-based affirmative action, says a farms body.

Conditions for revolution

2014-09-08 11:08

Recent economic developments are creating crisis conditions for people, says Edward West.

SA falls in global competiveness index

2014-09-05 17:37

South Africa has continued its downward trend after falling on the latest Global Competitiveness Index of the World Economic Forum.

Nene quashes fears of pension nationalisation

2014-09-05 07:00

Finance Minister Nhlanhla Nene has moved to scotch rumours that the government plans to nationalise pension funds, adding that workers' retirement savings are safe.

Business confidence recovers from 15-year low

2014-09-03 12:58

Business sentiment has bounced back from a 15-year low, helped by the resolution of labour strikes and easing consumer price pressures, a survey shows.

Fracking pollutes drinking water: action group

2014-09-01 14:00

The government must stop the process of regulating shale gas exploration until it has considered all the evidence, the Treasure Karoo Action Group says.

Treasury is hypocritical: Busa

2014-08-29 16:31

The National Treasury is hypocritical for saying it is not in favour of ring-fencing taxes when it has done so for infrastructure projects, Business Unity SA says.

Household credit growth slows

2014-08-29 14:46

The year-on-year growth in outstanding credit balances within the household sector has slowed to 4.1% at the end of July, Absa says.

Food, tobacco take PPI higher

2014-08-28 15:31

The producer price index for final manufactured goods climbed by 0.5% from June to July and was led by food products, beverages and tobacco products, data shows.

E-tolls 'only effective' funding option

2014-08-28 10:54
99 comments

E-tolling is the only effective funding model to improve Gauteng's road infrastructure, says an engineering body.

Refund e-toll users, says Fedusa

2014-08-27 18:57

E-tolling should never have been implemented and those who have paid their e-toll bills should be refunded, the Federation of Unions of SA says.

Survey to measure poverty in SA

2014-08-27 15:41

Statistics SA will conduct a survey to measure the level of poverty and inequality in the country.

JSE rises as economy ducks recession

2014-08-26 18:22

Shares on the Johannesburg bourse have ticked higher as news the economy had avoided sinking into a recession sent a sigh of relief through the markets.

Private sector can rescue the economy

2014-08-26 16:19

South Africa's economy can grow to above 5% if the ease of doing business in the country improves, says Investec economist Annabel Bishop.

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