ARTICLES RELATING TO SA ECONOMY

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.

Zuma: Brics huge for business growth

2014-07-16 09:42

The agreements signed by Brics nations open huge potential for the insurance and reinsurance markets and for African business growth, says President Jacob Zuma.

Numsa strike forces Ford to halt production

2014-07-14 09:43

Ford has joined General Motors to temporarily suspend production at one of its plants over the two-week strike by the National Union of Metalworkers of SA.

IMF likely to cut SA growth again

2014-07-10 22:00

A senior IMF official has hinted that the international lender is likely to cut South Africa's economic growth forecast when it releases a global outlook.

SA suffers economic stagnation - index

2014-07-09 15:10

South Africa may have avoided a technical recession, but sporadic economic growth was not enough to shake off economic stagnation, an index shows.

Chief Justice's office has R89m budget shortfall

2014-07-08 14:02

The fledgling office of the chief justice faces a budget shortfall of R89.5m over the next two financial years.

SA net reserves edge up slightly

2014-07-07 09:42

South Africa's net gold and foreign exchange reserves were slightly higher at $44.828bn in June from $44.506bn in May, data from the Reserve Bank shows.

Economy, JSE conundrum

2014-07-06 09:59

Arthur Kamp looks at the disconnect between the economy and JSE company earnings.

Malema: No trade union on cards for EFF

2014-07-03 13:54

The Economic Freedom Fighters has no intention of forming its own trade union and is encouraging its members to join union Amcu, says leader Julius Malema.

SA to meet revenue targets despite strike

2014-07-02 13:49

Finance Minister Nhlanhla Nene says the government expects to meet its revenue collection targets, despite the five-month platinum strike.

New vehicles sales drop 2.3%

2014-07-01 13:58

South Africa's new vehicle sales have fallen to 52 837 units in June, according to data from the trade and industry department.

Trade deficit narrows to R6.57bn

2014-06-30 14:41

The country's trade deficit has narrowed more than expected to R6.57bn in May, from a R13.03bn shortfall in April, according to the South African Revenue Service.

Inside Labour: Avoidable catastrophe

2014-06-27 07:37

The powers that be must develop innovative ideas followed by radical action to prevent potential social meltdown, says Terry Bell.

Mchunu outlines plans to eradicate poverty

2014-06-26 18:23

KwaZulu-Natal plans to reduce the percentage of households going hungry in a year long period from 35% to less than 25%, says Premier Senzo Mchunu.

Why is petrol so pricey?

2014-06-26 07:54

The state can ease unnecessarily high levies and taxes, says Geoffrey Chapman.

Mozambique to build two hydropower plants

2014-06-25 16:01

Mozambique has approved a plan to build two hydropower plants to meet growing energy demand in the central province of Tete.

Sarb warns on inflation

2014-06-25 09:15

The Reserve Bank says inflation is "uncomfortably high" and could rise further amid a marked deteriotation in the domestic economic growth outlook.

 

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
148 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.

Seifsa turns to bargaining council

2014-07-16 12:17

The Steel and Engineering Industries Federation of Southern Africa hopes to secure a wage settlement in the metal sector through the bargaining council.

Trade activity picks up slightly - Sacci

2014-07-15 12:55

The Trade Activity Index has increased slightly by two index points to 52 in June, according to the SA Chamber of Commerce and Industry.

SA's rate hike clock at midnight - economist

2014-07-12 05:00

The Reserve Bank will raise the interest rate by 50 basis points at next week's monetary policy committee meeting, predicts an emerging markets economist.

R600m Coega plant a jobs spinner

2014-07-10 12:34

A new R600m truck assembly plant to be built at Coega in the Eastern Cape will attract investment and generate jobs, says Communications Minister Faith Muthambi.

Hospitality workers get 7.7% pay hike

2014-07-08 14:15

The minimum wage in the hospitality sector has increased by 7.7%, the department of labour has announced.

SA business confidence remains subdued

2014-07-08 12:51

South Africa's business confidence index edged up slightly in June, but is still subdued due to labour unrest which has hurt the economy, a survey shows.

Economy, JSE conundrum

2014-07-06 10:00

Arthur Kamp looks at the disconnect between the economy and JSE company earnings.

Economy at the abyss

2014-07-04 07:23

It's time for government to take the downgrade threat seriously, says Mzwandile Jacks.

PMI dips in June as strikes weigh

2014-07-03 10:22

South Africa's private sector has contracted slightly in June, reflecting the impact of a protracted strike in the mining sector.

Treasury flags govt wage bill as a risk

2014-07-02 12:47

The government's wage bill and ongoing economic uncertainty present risks to financial sustainability, warns the Treasury.

SA budget under pressure, warns Nene

2014-07-01 10:49

Finance Minister Nhlanhla Nene says the country's fiscal position is under strain because of a weakening economic outlook, but still sees an increase in expenditure.

Makhura must address real e-toll issues - Outa

2014-06-27 19:04

Outa has welcomed the announcement by Gauteng Premier David Makhura to commission a panel to assess the impact of e-tolling in Gauteng.

Govt to speed up NDP implementation

2014-06-27 06:00

The government intends to accelerate the implementation of the National Development Plan in a bid to unlock the country's growth potential.

Why is petrol so pricey?

2014-06-26 12:43

The government can ease unnecessarily high levies and taxes, says Geoffrey Chapman.

Gill Marcus forgoes salary hike

2014-06-25 20:07

South African Reserve Bank governor Gill Marcus, who is a prominent opponent of excessive executive pay, has taken a salary cut in real terms.

Nene: Recession unlikely

2014-06-25 15:54

The economy is unlikely to go into recession, even after a contraction in the first quarter, says Finance Minister Nhlanhla Nene.

Nene: Business, govt must work together

2014-06-24 19:40

The private sector and government must work together to stimulate the economy, which needed to be more competitive, says Finance Minister Nhlanhla Nene.

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