Economic and finance news related to South African and global companies | Fin24
 
  • Retailers

    As South African retailers struggle, businesses in other African markets start to shine.

  • Up in the Air

    Government is still looking for funds and a partner to keep the flag carrier operational.

  • Zimbabwe

    European Union has released R270 million in emergency food aid as severe hunger continues.

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Industrial

NECSA salary payments hang in the balance as corporation, energy dept scramble for funds

Jan 20 2020 18:32

Nuclear Energy Corporation of South Africa's spokesperson Nikelwa Tengimfene told Fin24 that the corporation was working with the department to seek a solution and pay salaries on time.

Financial Services

We are keeping tabs on Eskom, Deloitte allegations, says accounting body SAICA

Jan 20 2020 13:53

In response to allegations about auditing firm Deloitte's dealings with Eskom, the SA Institute of Chartered Accountants is in the process of establishing if any of its members are implicated.

Financial Services

Goldman Sachs opens bank branch in South Africa

Jan 20 2020 13:19

Goldman Sachs Group will open a Johannesburg branch of the international bank, and has been admitted as a member of the Johannesburg Stock Exchange's interest rate and currency derivatives market, it said in a statement Monday.

Mining

Energy tariffs, market slump blamed as retrenchment process begins at Rustenburg smelter

Jan 20 2020 10:16

Merafe Resources says "unsustainable electricity tariffs" have played a role in its decision to start a consultation process to retrench employees.

Retail

As SA retailers struggle, other African markets start to shine

Jan 19 2020 08:00

Seven of the top 30 economies whose retail sector showed considerable growth in 2019 were from Africa, however SA did not even get ranked among the 200 economies featured.

ICT

WATCH: How hackers can use smart home devices to access your personal data

Jan 18 2020 11:28

The FBI issued a statement earlier this month warning consumers about smart home devices that could be vulnerable to hacks.This includes smart digital assistants, smart watches, smart refrigerators, home security devices, and gaming systems.

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Travel & Leisure

Tourism minister positive about potential of Indian market for SA

Jan 17 2020 18:35

Minister of Tourism Mmamoloko Kubayi-Ngubane is optimistic about the ability of the SA tourism industry to meet President Cyril Ramaphosa's challenge to double its international tourist arrivals from 10.5 million to 21 million by 2030.

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