South African, African and global economic news | Fin24
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Cigarette Ban

    British American Tobacco says the ban harms the 'emotional well-being' of smokers.

  • Rand Rigging

    The Competition Commission has revived its case against banks accused of currency manipulation.


SA Reserve Bank rules out financing government budget deficit

Jun 03 2020 09:46

The South African Reserve Bank has ruled out helping the government fund its runaway budget deficit by paying for its spending through loans, as the ruling party debates using the institution to fund infrastructure and development.


'Really unfortunate' that GovChat dragged into SASSA, CPS saga, says shareholder

Jun 02 2020 21:05

GovChat shareholder, Capital Appreciation, regrets that its directors' past association with Net1 has cast a cloud over its relationship with SASSA, which it says is harmless.


Treasury now estimates nearly 1.8 million job losses

Jun 01 2020 14:05

Treasury had initially indicated that between three million and seven million job losses are expected, which would have seen unemployment levels balloon to nearly 50%.


Ramaphosa: I see a good future for SAA, Eskom beyond Covid-19

May 31 2020 16:39

President Cyril Ramaphosa has said the Covid-19 pandemic has presented an opportunity to "reset, reposition and repurpose" state-owned enterprises.


South Africa

You may have to bet your house to get Covid-19 business loan

May 30 2020 12:14

Even though the National Treasury is guaranteeing 94% of the Covid-19 business loans scheme, banks are asking business owners to provide 100% security in some instances.

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