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Economy

Nene: Cutting govt jobs a step too far

Oct 23 2014 14:58

Cutting rather than freezing the size of government’s bureaucracy is beyond the mandate of the National Treasury, says Finance Minister Nhlanhla Nene.

News

Surve tells media rivals to be open

Oct 23 2014 14:29

Sekunjalo Group chairperson Iqbal Surve has urged business competitors, including those in the media to work together instead of destroying each other.

Budget

Moody's welcomes Eskom equity injection

Oct 23 2014 13:51

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

Equities

JSE rally runs out of steam

Oct 23 2014 13:57

Despite the positive response to the mini budget, the JSE's recovery lost momentum and markets were spooked by the dire economic picture painted by Nhlanhla Nene.

Tech

MTN shares hit after slashing forecast

Oct 23 2014 14:24

MTN has cut its forecast for Nigerian subscriber growth, raising concern about its ability to fight off competition in its top market and sending its shares sliding.

Budget

Mini budget not radical enough - Numsa

Oct 23 2014 13:36

Finance Minister Nhlanhla Nene's mini budget does not lay the foundation for changes in the structure of the economy, including its ownership patterns, says Numsa.

Profiles

Efficiency of chaos helps Yuppiechef scale up

Oct 23 2014 13:38

Instead of storing products by brand or type, an ecommerce company deliberately “scatters” its products, which are then picked up by a unique operating system.

Budget

Risks for downgrades remain, warns economist

Oct 23 2014 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.

 

In other news

Caterpillar posts strong quarterly earnings

11 minutes ago

US industrial giant Caterpillar has reported sharply improved earnings for the third quarter despite slower global economic growth.

Zuma to attend Brics summit in London

26 minutes ago

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

Honda execs taking pay cuts

41 minutes ago

Honda Motor says its executives will take salary cuts for three months after the fifth recall in a year of the new Fit hybrid in Japan.

Pilots propose talks with Lufthansa over pay

56 minutes ago

The German pilots' union has proposed restarting talks with Lufthansa over pay and early retirement benefits but does not rule out further strikes.

Richards Bay coal terminal to stop issuing data

Oct 23 2014 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.

UK factory export orders drop - CBI

Oct 23 2014 14:15

British factory export orders have fallen in the three months to October at the fastest pace since January 2013, according to a survey.

No trust in estate attorney

Oct 23 2014 14:13

A Fin24 user does not trust the attorney winding up his father's estate and wants to know what he can do about it.

European markets diverge on mixed data

Oct 23 2014 14:02

European stock markets have diverged in choppy trading as investors reacted to some disappointing earnings updates and slightly positive global economic data.

Analysis & Opinion

Budget

Mini budget worth a cheer

Nhlanhla Nene has made the most of a difficult fiscal situation, says...

Economy

Zuma king of free spenders

We the people will have to foot the bill for Zumanomics, says Leopold...

Opinion and Analysis

Money isn't everything

Ian Mann explains why Warren Buffett's son chose happiness over great...

  • Winners
  • Losers
  • Most Visited NEW
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
MPC Mr Price Group LimitedR214.20R5.452.61%
TFG The Foschini Group Limite...R113.83R2.422.17%
NPK Nampak LimitedR42.46R0.872.09%
SLM Sanlam LimitedR64.80R0.901.41%
PFG Pioneer Food Group Limite...R113.98R1.381.23%
graph
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
MTN Mtn Group LimitedR234.00R-10.28-4.21%
NHM Northam Platinum LimitedR33.35R-1.45-4.17%
ACL Arcelormittal South Afric...R35.51R-1.39-3.77%
KIO Kumba Iron Ore LimitedR280.39R-9.58-3.30%
LON Lonmin PlcR30.95R-1.05-3.28%
graph
Most visited Company snap shot pages on Fin24 in the last 24 hrs.
Most Visited EquitiesNumber of views
STX40 82
rmbt40 58
RMBMID 29
STXIND 19
SBAOIL 7
graph
All JSE data is delayed by at least 15 minutes and provided by McGregor BFA

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World

UK fraud prosecutor seeks extra £26.5m

Oct 23 2014 13:45

Britain's leading prosecutor has asked government paymasters for an extra £26.5m to help fund complex investigations, such as financial benchmark manipulation.

 

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