ARTICLES RELATING TO SA ECONOMY

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
88 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
79 comments

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
123 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.

August retail sales climbs 2%

2014-10-15 14:05

Growth in retail sales has increased 2.1% year-on-year in August, above market expectations but below the 2.4% expansion for July.

Current account deficit 'not sustainable'

2014-10-15 11:33

The current account deficit is not sustainable and South Africans are not investing enough, says Efficient Group chief economist Dawie Roodt.

End of super commodity cycle could bruise SA

2014-10-14 20:00

Most forecasters are indicating lower commodity prices in general, creating an inverse of the super commodity cycle of the last 15 years, warns an expert.

Motorists urged to continue paying e-tolls

2014-10-14 15:37

Motorists should continue paying their bills while the ANC tries to solve the e-toll issue because it is the law, says Gauteng ANC chair Paul Mashatile.

Trade activity up, but still challenged

2014-10-14 12:49

The Trade Activity Index has improved by four index points in September, but trade conditions remain tight, says the SA Chamber of Commerce and Industry.

E-toll gantries must stay - Gauteng ANC

2014-10-14 10:41

The technology brought in by the e-toll gantries is valuable and alternative functions should be found for them, the ANC has told the advisory panel on e-tolls.

E-toll technology is illegal - FF Plus

2014-10-10 16:59

The technology used by the SA National Roads Agency Limited to collect road users' details is illegal, claims the Freedom Front Plus says.

 

Zuma: SA will survive

2014-10-24 05:00
194 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.

Zuma outlines ambitious oil exploration plans

2014-10-15 16:11

President Jacob Zuma has outlined ambitious plans for oil and gas exploration in coastal waters.

Govt is destroying capital - economist

2014-10-15 13:11

South Africa faces a further credit downgrade because government is actively destroying capital in the region of R100bn annually, says chief economist Dawie Roodt.

Reasons for rand weakness double

2014-10-15 07:00

The end of fairy-tale economic policy is approaching rapidly and realism will have to enter government thinking and action again, warns an economist.

France, SA sign nuclear energy deal

2014-10-14 17:05

France and SA have signed a deal which could open the way for French nuclear giant Areva to bid to build eight nuclear reactors in South Africa worth up to R554bn.

E-tolls taught many lessons - Gauteng ANC

2014-10-14 14:48

Provincial ANC chair Paul Mashatile says the current e-tolls system is a "complete departure" from what government had agreed to with Sanral in 1997.

E-tolls will lead to revolt - Gauteng ANC

2014-10-14 12:16

The ANC in Gauteng has refused to comment on whether there was any collusion in the e-tolling system, but says the current e-toll system will result in revolt.

FF Plus warns government on e-tolls

2014-10-10 20:05

The Freedom Front Plus has warned the government of possible public unrest over the e-tolling system.

SA shouldn't be boxed in by e-tolls - IFP

2014-10-10 12:41

The government could find methods other than e-tolls to pay for the Gauteng Freeway Improvement Project, says the Inkatha Freedom Party.

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