ARTICLES RELATING TO SA ECONOMY

New Eskom hike may be last straw for indebted

2014-08-22 17:01

The extra tariff hike Eskom will impose later this year may just drive many already deeply indebted consumers into dire poverty, says an economist.

Mantashe: Private sector must deal with past

2014-08-22 08:25
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The private sector is too slow to transform and must be able to deal with apartheid moving forward, says ANC secretary general Gwede Mantashe.

Govt 'not seeking Zim-type' land situation

2014-08-21 09:09

Farmers concerned about reforms must realise that government does not want a land situation similar to that of Zimbabwe, says Agriculture Minister Senzeni Zokwana.

Thinking strategically

2014-08-21 07:19

Do policymakers actually consider improving trade performance, asks Geoffrey Chapman.

Concern over informal trading in Joburg

2014-08-20 17:45

Everyone involved in talks about informal trading in the Johannesburg city centre has concerns about the current situation, the city says.

Parliament to be petitioned on visa regulations

2014-08-20 12:32

Western Cape economic opportunities MEC Alan Winde plans to petition parliament to suspend the new visa regulations due to come into effect on October 1.

More than 1 000 businesses need rescuing

2014-08-19 19:14

More than 1 000 business need to be rescued to avoid liquidation, says Trade and Industry Minister Rob Davies.

Jonas: SA needs formidable farming sector

2014-08-18 15:17

Growth in the agricultural sector must become more formidable and contribute to the country's gross domestic product, says Deputy Finance Minister Mcebisi Jonas.

KZN needs R17bn for roads

2014-08-15 09:53

KwaZulu-Natal's transport department needs R17bn to tackle the backlog in road maintenance, according to a report.

Trade activity for July in negative territory

2014-08-14 14:00

The Trade Activity Index has dipped well below 50 for the first time this year, the SA Chamber of Commerce and Industry says.

Retail sales flat at 0.0%

2014-08-13 14:00

Retail sales have been flat at 0.0% year-on-year in June, sharply undershooting market expectations, compared with a revised 2.6% expansion in May.

Farmers raise concerns on land reform

2014-08-13 13:00

Commercial farmers have raised questions and concerns about land reform with ANC secretary general Gwede Mantashe.

Sarb warns on high wage expectations

2014-08-13 10:25

Rand weakness is beginning to affect consumer prices, while labour and business wage inflation expectations are "uncomfortably high", says the SA Reserve Bank.

Nene: Abil shows tightened financial control

2014-08-11 12:30

African Bank being placed under curatorship is an example of how the Treasury has strengthened its financial sector oversight, says Finance Minister Nhlanhla Nene.

Sibiya: Mining industry vibrant and thriving

2014-08-08 14:58

Chamber of Mines chief executive Bheki Sibiya says the mining industry is the backbone of the economy, adding that people need mineral products.

ANC rejects claims of cash for govt jobs

2014-08-07 07:00

The ANC is a donor-driven organisation but levies and contributions are not paid to the party in return for government jobs, says treasurer general Zweli Mkhize.

SA is open to US investment - minister

2014-08-04 07:51

SA is open for business and needs more than 600 companies from America to come and invest, says International Relations Minister Maite Nkoane-Mashabane.

Trade deficit narrows sharply

2014-07-31 15:28

SA's trade deficit has narrowed more than expected in June from a revised R7.44bn shortfall in May, statistics show.

Marcus vows to support weak economy

2014-07-25 12:19

The SA Reserve Bank will continue supporting the economy through difficult times by focusing on price and financial stability, says governor Gill Marcus.

Gauteng improved its revenue: Creecy

2014-07-24 16:20

The Gauteng provincial government has improved its revenue from R2 620bn to R4 344bn over the past five years, finance MEC Barbara Creecy says.

Joburg city officials to meet hawkers

2014-07-24 14:22

The City of Johannesburg will meet hawkers in an attempt to create an inclusive economy in the inner city, the municipality says.

Automotives, textiles to get record boost

2014-07-23 10:06

Government will bolster the automotive and clothing and textile sectors with a record R7.9bn over the next year, says Trade and Industry Minister Rob Davies.

SA needs PhDs urgently, says Pandor

2014-07-22 13:20
146 comments

South Africa is producing too few doctoral graduates, Science and Technology Minister Naledi Pandor says.

Nuclear plan could cost SA over R1trn - DA

2014-07-21 17:12

The government's proposed nuclear build programme could dig a deep hole for the economy and push up electricity prices to unaffordable levels, warns the DA.

Sarb hikes repo rate

2014-07-17 15:26
101 comments

South African Reserve Bank governor Gill Marcus has announced a repo rate hike in the wake of rising inflation and weak economic growth.

 

Fitch leaves ratings downgrade unchanged

2014-08-22 13:40

The failure of African Bank would not see it lower its ratings for the five biggest SA banks as the likelihood of contagion is limited, says Fitch.

No need for pension fears - govt

2014-08-21 18:42

The government has given assurances that proposed pension reforms will not see the state nationalise pension funds or prevent withdrawals when workers change jobs.

Power problems

2014-08-21 07:20

It is like an iron law: no electricity, no modern economy, says Leopold Scholtz.

Unions will not buy Amplats mines

2014-08-21 07:00

Mining unions Amcu and NUM say they have no plans to buy two mines Amplats is selling off as it seeks to focus on more profitable, mechanised operations.

Labour act ends exploitation of workers - ANC

2014-08-20 15:30

The newly signed Labour Relations Amendment Act will improve workers' constitutional rights and promote fair labour practices, says the ANC.

Business rescue!

2014-08-20 08:08

More than 1 000 business need to be rescued to avoid liquidation.

Davies: SA has no business law experts

2014-08-19 16:10

South Africa has no specialised business law practitioners to deal with company law, Trade and Industry Minister Rob Davies.

Nene: Govt serious about jobless youth

2014-08-15 18:44

Finance Minister Nhlanhla Nene says the government is committed to dealing with unemployment after treasury announced changes for the R9bn Jobs Fund.

Jim: NDP a move to replace Freedom Charter

2014-08-15 07:05

There are attempts to replace the Freedom Charter of Ruth First with its polar opposite, the National Development Plan, says Numsa general secretary Irvin Jim.

Mining communities march on Lekgotla

2014-08-13 17:38

Hundreds of people from mining towns have marched on the mining lekgotla in protest over not being included in matters affecting the industry.

Cosatu warns of break-up

2014-08-13 13:58

The Congress of SA Trade Unions says that requests for a special congress may lead to a split within the trade union federation.

Mining must benefit majority: Ramatlhodi

2014-08-13 11:30

"We have a unique opportunity to change this industry for the better, to ensure that it represents our ideals," Mineral Resources Minister Ngoako Ramatlhodi says.

No contagion risk from African Bank

2014-08-11 14:53

Investors have shrugged off a financial meltdown that appeared to pose no wider risk to the banking sector, following news of a bail-out for African Bank.

SA is a treasure trove, says chamber CEO

2014-08-08 19:56

South Africa's mining sector remains a favourable place for foreign investment, despite the platinum strike, says Chamber of Mines chief executive Bheki Sibiya.

Numsa condemns killing of shop stewards

2014-08-07 15:53

The National Union of Metalworkers has condemned the killing of three of its shop stewards in KwaZulu-Natal.

Parties to mull Neasa lock-out

2014-08-06 15:55

A meeting to resolve the lock-out by some employers in the metal sector is scheduled for this week, the National Employers' Association of SA says.

ArcelorMittal eyes big projects

2014-08-01 13:40

Steel maker ArcelorMittal is pinning its hopes for an end to tough trading conditions on infrastructure development projects.

Producer inflation slows to 8.1%

2014-07-31 13:08

Producer inflation has slowed to 8.1% year-on-year in June from 8.7% in May, says Statistics South Africa.

Ramaphosa: Don't fear minimum wage

2014-07-25 07:00

Deputy President Cyril Ramaphosa has warned against "angst" over the proposed introduction of a national minimum wage.

Gauteng improved its revenue: Creecy

2014-07-24 16:15

The Gauteng provincial government has improved its revenue from R2 620bn to R4 344bn over the past five years, finance MEC Barbara Creecy says.

Nkwinti warns of 'land sharks'

2014-07-23 14:35

Minister Gugile Nkwinti has reiterated his commitment to expediting new expropriation legislation and limiting foreign land ownership.

Construction boom at Coega

2014-07-23 08:14

Seven companies are investing over R3bn at the Coega industrial development zone in the Eastern Cape, says the Coega Development Corporation.

Talks resume to end metalworker strike

2014-07-22 10:16

Unions are set to hear a response from the Steel and Engineering Industries Federation of SA on a wage proposal that could end an almost four-week strike.

Two more added to tolls commitee

2014-07-17 21:53

Two people have been added to the panel tasked with examining the impact of e-tolls, says Gauteng premier David Makhura.

Parly excited by Brics bank

2014-07-17 06:00

The new Brics bank will lessen the impact of obstructionist conditions attached to loans from the International Monetary Fund and the World Bank, says a top MP.

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