ARTICLES RELATING TO SA ECONOMY

Consumers think inflation more rapid - survey

2014-11-21 16:10

Inflation over the past year has increased more rapidly compared to the previous five years, respondents in a survey says.

Rolling blackouts this weekend - Eskom

2014-11-21 15:49
87 comments

Power cuts are scheduled to take place throughout the weekend in order to build up reserves for the week ahead, Eskom says.

Economy is at a crossroads, says Creecy

2014-11-20 19:28

The weakening current account deficit and rising public debt highlights the need for fiscal consolidation, says Gauteng finance MEC Barbara Creecy.

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Fraud spikes as crooks try to hit shoppers

2014-11-20 14:10

Credit and debit card fraud has seen a sharp upward spike as fraudsters prowl for holiday shoppers and an expert provides some handy tips for consumers.

Eskom's electricity struggle: Unpaid bills

2014-11-20 05:00
75 comments

With Eskom in financial trouble and battling to keep the lights on, it says it has an improved debt collection plan, but paying bills is widely rejected in Soweto.

Not enough alarm bells for rate hike - economist

2014-11-19 16:23

The MPC will be one member down at this meeting and any tied vote, with six members, would require the governor’s deciding vote.

Lower SA growth slows container market

2014-11-19 14:06

Container movements into and out of South Africa has declined, showing SA needs to increase winning investments from international businesses, says an expert.

October inflation flat at 5.9%

2014-11-19 10:44

Headline consumer inflation has been at 5.9% year-on-year in October, in line with market expectations and unchanged from September, says Statistics SA.

No move in rates expected

2014-11-19 07:00

The Monetary Policy Committee of the SA Reserve Bank will most likely keep the interest rate the same at its next meeting, indicates a barometer.

Nene: Country-specific reforms needed

2014-11-18 10:46

Sluggish global economic growth has been of concern to all at the G20 leaders summit held in Brisbane, Australia, says Finance Minister Nhlanhla Nene.

Transported goods increase, data shows

2014-11-17 15:45

The volume of freight transported goods increased by 7.5% in September 2014, compared with September last year, says Statistics SA.

Post office strike hits charities hard

2014-11-15 12:12

The South African Institute of Fundraising has lamented the ongoing postal strike, saying it could cost charities millions in donations.

Vavi: Cosatu 'in tatters'

2014-11-14 09:16

Cosatu general secretary Zwelinzima Vavi has admitted that the trade union federation is in trouble, reports The Star.

Wholesale trade increases

2014-11-13 16:44

Wholesale trade sales, measured in real terms, have increased 5.9% year-on-year in September, says Statistics SA.

SA has hard choices about commodities - economist

2014-11-13 08:49

Commodity producers have to get reforms back on track as swelling budget deficits will come into play, according to economist Mike Schüssler.

September retail sales up 2.3%

2014-11-12 13:50

Retail sales have increased 2.3% year-on-year in September, below market expectations but above the 2.1% expansion for August.

Cell C: Expert warns on consumer backlash

2014-11-12 12:33

Fed up with the postal strike, Eskom's never-ending troubles and the e-toll saga, the South African public is almost ripe for revolt, cautions an expert.

Douw’s R250m Palazzo Steyn reflects 'my confidence in SA'

2014-11-12 09:56

It never hurts to highlight visionaries like entrepreneur Douw Steyn whose new home is SA’s most expensive residence – even beating Nkandla’s taxpayer-funded Zumaville.

Numsa axing a political game-changer

2014-11-11 19:31

The expulsion of the National Union of Metal Workers of South Africa from the ANC's governing coalition is set to re-draw the country's political landscape.

New body to boost platinum investment demand

2014-11-11 16:35

An industry body to promote investment demand for platinum should be set for launch early 2015 as producers try to boost sales in the face of falling prices.

Trade activity index improves in October

2014-11-11 15:16

The unadjusted Trade Activity Index has improved by nine index points in October, the SA Chamber of Commerce and Industry says.

Weaker rand helped mining financials

2014-11-11 13:48

The weaker rand helped to offset financial pressures facing the mining industry in the year ended June 2014, according to a mining report.

DA implores Brown to give Eskom answers

2014-11-11 11:40

The DA has now responded to an open letter by Public Enterprises Minister Lynne Brown's cautioning against "Eskom hysteria".

Numsa expulsion: What it means for the ANC

2014-11-11 08:16

If the ANC is serious about kick-starting the economy it needs a supportive labour movement, according to a political analyst.

 

Ekurhuleni municipality cuts power

2014-11-21 15:53

The Ekurhuleni metropolitan municipality has started cutting power, at the request of Eskom.

Sarb: Rates must go up at some point

2014-11-20 20:58

South African Reserve Bank governor Lesetja Kganyago has indicated that future interest rate increases will depend on domestic and international factors.

SACP wants meetings with ANC, Cosatu

2014-11-20 19:05

The SA Communist Party has asked for bilateral meetings with Cosatu and the ANC to discuss unity in the trade union federation.

No change in interest rates

2014-11-20 15:25

New SA Reserve Bank governor Lesetja Kganyago has announced that the repo rate will remain on hold at 5.75%, citing concern over inflation and a sluggish economy.

Sarb should give stern warning - economist

2014-11-20 12:26

Merely a stern warning by the Reserve Bank that it is ready to hike interest rates if events and data warrant action should suffice for now, says an economist.

CPI in line with market expectation

2014-11-19 18:29

The headline Consumer Price Index rate at 5.9% in October makes it the second consecutive month it is below the reserve bank's target limit, economists say.

Private sector turns in R7trn - Stats SA

2014-11-19 15:24

Total turnover in the private sector economy increased by over 8% in the 2013 financial year, according to Statistics SA.

Supply tight due to nippy weather, warns Eskom

2014-11-19 11:24

The power system remains constrained but stable, with high electricity usage expected at night due to cold weather conditions, warns Eskom.

Supply tight due to nippy weather, warns Eskom

2014-11-19 10:20

The power system remains constrained but stable, with high electricity usage expected at night due to cold weather conditions, warns Eskom.

Investec CEO in spat over how to grow SA

2014-11-18 14:50
86 comments

A meeting with SA's brightest young minds turned to heated debate when an up-and-coming media practitioner took on one of South Africa’s top investment minds.

Food and beverage industry income rises

2014-11-17 16:45

The total income generated by the food and beverages industry has increased by 5.4% in September 2014, compared to September 2013, Statistics SA says.

Tolling policy causing roads decay - AA

2014-11-17 10:52

SA cannot continue to pamper tolled arterials, while under-funded provincial and urban feeder routes are exposed to accelerated deterioration, warns the AA.

Outstanding land claims to cost R16.9bn

2014-11-14 17:53

Settling land restitution claims lodged during the first land claims window period will cost an estimated R16.9bn, says Rural Development Minister Gugile Nkwinti.

Ford hits brakes on SA prospects over strikes

2014-11-14 06:00

Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, says boss Jeff Nemeth.

Nene: Room for fiscal expansion reduced

2014-11-13 09:48

South Africa can no longer postpone consolidating its budget as the room for fiscal expansion has been reduced, Finance Minister Nhlanhla Nene says.

Economy is recovering slowly - index

2014-11-12 21:00

The economy is getting back on its feet, but strikes remain a concern, according to the BankservAfrica Economic Transaction Index.

Dlamini mum on Vavi's letter on Numsa

2014-11-12 13:05

Cosatu president Sidumo Dlamini has declined to comment on a letter in which general secretary Zwelinzima Vavi says he is unable to defend the decision to expel Numsa.

Zuma arrives in Australia for G20 summit

2014-11-12 11:37
107 comments

President Jacob Zuma has arrived in Brisbane, Australia, to attend the G20 leaders summit, the presidency says.

Economy risks losing coveted credit status

2014-11-12 05:00

South Africa risks losing its investment grade credit status within five years if it fails to recover from an economic slump that prompted a downgrade by Moody's.

Standard & Poor’s affirms Eskom credit rating

2014-11-11 17:45

Standard & Poor’s has affirmed Eskom’s local and foreign currency corporate credit rating at "BBB-", with a negative outlook.

Manufacturing production ticks up

2014-11-11 15:26

Year-on-year manufacturing production has increased by 8% in September 2014, says Statistics South Africa.

Numsa exit crucial for 2019 election - economist

2014-11-11 14:46

A difficult few years could lie ahead for the SA labour market as unions increasingly compete for each other’s turf, warns an economist.

Numsa exit a case of self-expulsion - SACP

2014-11-11 12:45

It is regrettable that Cosatu has been left with no option but to expel Numsa, the SA Communist Party's political bureau says.

Knowledge arms prepaid users against scams

2014-11-11 11:06

By empowering themselves with knowledge, consumers can protect themselves from prepaid electricity scammers, says a prepaid supplier.

Numsa expulsion: What it means for the ANC

2014-11-11 08:00

If the ANC is serious about kickstarting the economy it needs a supportive labour movement, according to a political analyst.

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