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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.


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.


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.


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.


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.


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.


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.


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

Honda execs taking pay cuts

3 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

18 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

33 minutes ago

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

48 minutes ago

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

49 minutes ago

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.

Tesco cancels full-year profit forecast

Oct 23 2014 14:00

Tesco has reported a bigger-than-expected hole in its finances after finding accounting errors had gone back further than initially thought.

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.

Analysis & Opinion


Mini budget worth a cheer

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


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...

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Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
NPK Nampak LimitedR42.29R0.701.68%
APN Aspen Pharmacare Holdings...R362.17R5.231.47%
TFG The Foschini Group Limite...R112.78R1.371.23%
TSH Tsogo Sun Holdings Limite...R26.61R0.311.18%
GRT Growthpoint Properties Li...R24.63R0.261.07%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
MTN Mtn Group LimitedR233.35R-10.93-4.47%
NHM Northam Platinum LimitedR33.35R-1.45-4.17%
ACL Arcelormittal South Afric...R35.70R-1.20-3.25%
LON Lonmin PlcR30.97R-1.03-3.22%
KIO Kumba Iron Ore LimitedR281.15R-8.82-3.04%
Most visited Company snap shot pages on Fin24 in the last 24 hrs.
Most Visited EquitiesNumber of views
STX40 76
rmbt40 59
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Inside Fin24.com


EU leaders seek climate deal

Oct 23 2014 11:15

European leaders aim to agree a new decade of energy policy to cut climate-warming gas emissions out to 2030 at an EU summit.


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