South African, African and global economic news | Fin24
 
  • Shrinking GDP

    Business Unity SA says another recession may be on the horizon after the economy again contracted.

  • Solly Moeng

    State capture is meant to be over, but we aren't free if its beneficiaries go unpunished.

  • Going Up, Going Down

    Petrol will rise by 22 c/l for December, while diesel will fall by between 15 and 16 cents.

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Economy

Another recession looming, warns BUSA, as it slams govt for 'lip service'

Dec 04 2019 15:15

With GDP for the third quarter contracting by 0.6% and private sector business performance continuing to deteriorate, Business Unity South Africa has called for government to keep its promises.

Economy

BMF appoints new managing director

Dec 05 2019 10:26

Maemo Kobe has been appointed as the new Managing Director of the Black Management Forum, the organisation said on Wednesday.

South Africa

Zondo Inquiry hears key reason for rise in locomotive costs doesn't hold up

Dec 04 2019 12:34

There was no need to increase the costs of a multi-billion rand contact to procure new locomotives for Transnet, because forex hedging was already included in the business case, the state capture inquiry hears.

Africa

UN: Zim needs US$293m for emergency food supplies as hunger worsens

Dec 03 2019 21:02

The United Nations, through its World Food Programme, plans to more than double the number of people it is feeding in Zimbabwe to 4.1 million by January 2020, it said on Tuesday.

Eskom

Gordhan: Govt won't scrap costly renewables contracts, but will renegotiate them

Dec 03 2019 18:41

Government has no plans to scrap costly contracts with renewable energy independent power producers, but is trying to renegotiate the contracts down, said Public Enterprises Minister Pravin Gordhan.

Labour

Domestic workers will soon be able to claim for injuries at work, minister promises

Dec 03 2019 17:13

In May, the High Court ruled that the exclusion of domestic workers in the Compensation for Occupational Injuries and Diseases Act was unconstitutional. Labour and Employment Minister Thulas Nxesi says Parliament will see amendments to the law soon.

South Africa

Municipal debt to Eskom grows by over R1bn in a month

Dec 03 2019 12:53

Overdue debt owed to Eskom by municipalities increased by some R1.2bn in September to R26.4bn by the end of October, Parliament's Standing Committee on Public Accounts heard.

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