ARTICLES RELATING TO SA ECONOMY

22 000 jobs created, data shows

2014-10-30 15:54

A total of 22 000 jobs have been created between the second and third quarters of this year, with the construction industry being the biggest driver of employment.

Little change in jobless rate

2014-10-30 12:03

South Africa's unemployment rate has been little changed at 25.4% of the labour force in the third quarter of 2014 from 25.5% in the second, data shows.

Marcus: Deviations from CPI band justifiable

2014-10-30 10:15

Recent deviations from the consumer inflation target band have been primarily driven by exogenous shocks and are justifiable, says Reserve Bank governor Gill Marcus.

Capital flight dwarfs corruption - SACP

2014-10-29 19:57
97 comments

Capital flight is a bigger impediment to radical economic transformation than corruption, says SA Communist Party deputy general secretary Jeremy Cronin.

Manuel, business leaders score top honours

2014-10-29 16:26

Trevor Manuel has been honoured for his for his significant contribution to the development of South Africa and for improving the lives of all its citizens.

Cape Town consumers most optimistic, Jozi least

2014-10-29 12:00

While consumers in Cape Town have become much more optimistic, those in Johannesburg are more pessimistic, according to a consumer confidence index.

Confusion about new BEE verification - expert

2014-10-28 07:00

Many businesses, black- and white-owned, view BEE as interference and an additional expense which can be an administrative nightmare, says an expert.

Taxes could cost ruling ANC municipal votes

2014-10-27 18:34

Any sort of business or individual tax would proportionally hit Gauteng harder than the rest of the country and that will be a challenge for the ANC in 2016.

Zuma: SA will survive

2014-10-24 05:00
163 comments

President Jacob Zuma says the economy may be going through a rough period, but the country is open for business and will survive if everyone works together.

Mbeki: Leaders in Africa don't deliver

2014-10-23 17:30

African leaders do not deliver and the dialogue between business and government needs to be more open, political analyst Moeletsi Mbeki says.

Richards Bay coal terminal to stop issuing data

2014-10-23 14:30

Richards Bay Coal Terminal has decided to not release operational updates detailing shipments of coal, because it is competitive information, the company CEO says.

Risks for downgrades remain, warns economist

2014-10-23 13:14

There are solid fiscal policies on the surface of the mini budget, but low potential growth is being held back by micro policy choices, warns an expert.

Nene: Economy at turning point

2014-10-22 14:28

Finance Minister Nhlanhla Nene has announced firm new measures to check SA's worsening debt outlook, warning the country has reached an economic turning point.

Food, oil behind inflation dip - Investec

2014-10-22 13:28

The moderation in both food and energy price growth has been the main reason for lower Consumer Price Index inflation rate in September, says Investec.

Vets urged to help small farmers

2014-10-21 19:38

Small-scale farmers need veterinary services to contribute to food security and to grow the economy, says Agriculture Minister Senzeni Zokwana.

Building plans boost business indicator

2014-10-21 10:25

The SA Reserve Bank's leading business cycle indicator has risen 0.8% in August, due to an increase in the number of residential building plans passed.

Eskom, SAA to stay drain on tax coffers

2014-10-21 07:00

Eskom and SAA are likely to continue testing taxpayers' patience while the threat of public sector wage hikes will maintain pressure on SA's ratings outlook.

Huge opportunity for transport firms

2014-10-20 13:22

There is a massive opportunity in SA for logistical and transport companies dealing with fast moving consumer goods, according to an industry insider.

Limpopo delegation heads to China

2014-10-19 20:10

A delegation of Limpopo officials has left for China to explore investment opportunities in the provinces of Henan and Anhu

Plea for meaningful economic development

2014-10-19 14:32

Economic development should be made meaningful to those who live far away from economic hubs, says parliament's select committee on international relations.

Cosatu sneezes, we all catch cold - youth body

2014-10-17 15:49

South Africa has found itself having to buckle under the pressures and whims of Cosatu at the collective expense of the poor, says a youth body.

SA economy can bounce back

2014-10-17 05:00

Economic growth will probably accelerate next year if labour relations don't deteriorate and if the global economy holds up reasonably well, a Reuters poll shows.

Radebe: Zuma must not sign mining bill

2014-10-16 15:33

Mining magnate Bridgette Radebe has asked President Jacob Zuma not to sign the Minerals and Petroleum Resources Development Act amendment bill into law.

NUM reaches wage deal with De Beers

2014-10-16 09:55

Diamond producer De Beers has signed a three-year wage deal with the National Union of Mineworkers, narrowly avoiding strikes.

 

PPI slows to 6.9%

2014-10-30 12:14

Producer price inflation slowed to 6.9% year-on-year in September from 7.2% in August, says Statistics South Africa.

Marcus: CPI targets reduce price pressure

2014-10-30 11:04

The Reserve Bank has defended its inflation targeting policy, saying it helps reduce price pressures and contributes to more favourable economic growth.

SA has a slow puncture - economist

2014-10-30 07:00

SA remains a country with a high potential, regardless of household finances being under strain and government finances being "in tatters", says an expert.

Union tables revised Post Office demand

2014-10-29 17:35

The Communication Workers' Union has tabled a final revised wage demand to the SA Post Office, says the union.

Motorists in for huge petrol bonus

2014-10-29 12:40

Motorists can look forward to further fuel price relief at month end, according to the Automobile Association.

Credit growth almost unchanged

2014-10-29 08:58

Growth in credit demand from South Africa's private sector was little changed at 8.74% year-on-year in September from 8.78% in August, Reserve Bank data showed.

SA has 20 million economically active people

2014-10-27 21:45

South Africa has 20.1 million economically active people, but the labour absorption rate has remained stagnant at around 42.8%, data shows.

Big states duck rival bank's launch

2014-10-24 14:45

Australia, Indonesia and South Korea have skipped the launch of a China-backed Asian infrastructure bank.

Big business must step up, says Zulu

2014-10-23 18:00

Small Business Development Minister Lindiwe Zulu says big business needs to work together with government to fix problems in the country.

Zuma to attend Brics summit in London

2014-10-23 15:15

President Jacob Zuma will lead a delegation of government and business leaders to participate in the annual Brics conference in London, the presidency says.

Moody's welcomes Eskom equity injection

2014-10-23 13:51

Government's announcement of the package of solutions to support electricity utility Eskom is positive, says rating agency Moody's.

Zuma appoints new BEE council members

2014-10-23 12:30

President Jacob Zuma has appointed new members of the Presidential Black Economic Empowerment Advisory Council.

Nene: Economic growth has deteriorated

2014-10-22 14:08

Finance Minister Nhlanhla Nene has acknowledged in his mini budget that economic growth has deteriorated to the extent that it might jeopardise fiscal stability.

Inflation slows to under 6%

2014-10-22 10:48

The country's headline consumer inflation slowed to 5.9% year-on-year in September, below market expectations of 6.1%, says Statistics South Africa.

SA economy in serious trouble - DA

2014-10-21 19:05
87 comments

The DA has called on Finance Minister Nhlanhla Nene to show bold leadership when tabling his first mini budget, as the economy is stuck in low gear.

Mini budget: Fiscal realism required

2014-10-21 07:39

In view of SA's tight fiscal situation the focus of this year's mini budget will have to be on feasibility and credibility, says a top economist.

NUM members strike at Glencore coal mine

2014-10-20 16:26

Members of the National Union of Mineworkers have downed tools at the Koornfontein coal mine operated by Glencore, due to a wage dispute.

Top JSE CEOs worry about SA uncertainty

2014-10-20 10:17

The JSE’s top 100 companies list regulatory framework, political instability and red tape as major concerns, according to research.

71% of SA wealth in hands of richest 10%

2014-10-19 19:24

The rich are still getting richer and in South Africa 63 000 people are among the top 1% of the wealthiest people in the world, a global wealth report shows.

Mini budget: Tough task for Nene to convince

2014-10-19 08:39

Finance Minister Nhlanhla Nene will have to show that the government still has gas in its tank to pull the economy out of the doldrums when he delivers his mini budget.

SA economy will not recover - economist

2014-10-17 12:11

The SA economy will not recover despite the views held by economists in a poll, warns an agricultural economist.

Protests against Eskom clean air application

2014-10-16 19:24

Activists have called on the National Air Quality Officer to deny Eskom’s application for long-term postponements from complying with air quality legislation.

Wholesale trade drops

2014-10-16 14:43

Wholesale trade sales have dropped 2.2% year-on-year in August, data from Statistics SA shows.

Petrol price breather on the cards

2014-10-16 11:24

Motorists can expect to pay less for petrol in November, as declines in global petroleum prices have outweighed a spike in the exchange rate, says the AA.

Zuma: Oceans could add one million jobs

2014-10-15 17:22
118 comments

South Africa's oceans if exploited and managed properly could add one million jobs to the economy and R177bn to the gross domestic product, says President Jacob Zuma.

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