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Economy

Egyptian parliament approves VAT at 13%

Aug 29 2016 17:01

Egypt's parliament has approved a long-awaited law introducing a Value Added Tax of 13% which will rise to 14% in the next fiscal year.

Economy

Sarb won't be drawn into Gordhan drama

33 minutes ago

The SA Reserve Bank will not respond to short term volatility triggered by news of possible charges against Finance Minister Pravin Gordhan.

Economy

Brazil seen cutting rates less aggressively

Aug 29 2016 14:40

Brazil economists have forecast the central bank will be less aggressive when cutting interest rates in 2017 as they boosted their expectations for economic growth.

Eskom

Gloves off as Treasury takes swipe at Eskom

Aug 29 2016 14:07

Eskom has resisted efforts by Treasury to co-operate with the process of reviewing the power utility’s coal contracts, the ministry has revealed.

Economy

Rand will 'buckle' if Gordhan is charged - Goldman Sachs

Aug 29 2016 12:48

South Africa’s credit rating would be cut and the rand would “buckle” if Finance Minister Pravin Gordhan were to be removed from his post, according to Goldman Sachs.

Eskom

Eskom backtracks, wants review of green energy project

Aug 29 2016 09:54

While Eskom says it remains committed to sign all of the remaining renewable energy IPPs under the current bid window, it has reportedly backtracked on this pledge.

Economy

Guptas’ selloff may signal Zuma’s waning control

Aug 29 2016 06:48

The decision by the Guptas to sell their businesses in South Africa is the latest indication that President Jacob Zuma's grip on power may be slipping.

Eskom

Eskom denies wasting R134m on 'useless' coal

Aug 28 2016 16:47

Eskom has rejected claims in a news report that it paid more than R134m on coal from Tegeta Exploration and Resources that it could not use.

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