South African, African and global economic news | Fin24
 
  • Credit Rating

    Moody's has (again) said that weak state-owned entities are a risk to SA's sovereign credit rating.

  • SARS Inquiry

    Judge Nugent has recommended the president sack suspended SARS boss Tom Moyane.

  • Nene Rand Rollercoaster

    Simon Brown says savvy investors worked out how the rand would react to uncertainty at Treasury.

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Economy

Low-cost renewables could have been a game-changer, MPs hear

Oct 18 2018 16:08

Low-cost renewable energy offered Eskom a game-changing opportunity to help the cash-strapped utility save money, the Energy Portfolio Committee has heard.

Economy

Alibaba founder Jack Ma to give keynote address at Ramaphosa's Investment Summit

Oct 18 2018 14:27

Alibaba founder and tech billionaire Jack Ma will deliver a keynote address at the upcoming Investment Summit in Johannesburg next week, as President Cyril Ramaphosa seeks to attract billions in new investments to kickstart SA's lagging economy.

World

May says UK could extend Brexit transition by a few months

Oct 18 2018 11:00

UK Prime Minister Theresa May said she is weighing a plan that would extend a transition period, which is already due to keep the UK bound to EU rules for 21 months after Brexit day, for a 'matter of months'.

World

Top bankers quietly prep for Saudi summit while their bosses skip forum

Oct 18 2018 06:25

In public, finance industry leaders have bailed on a key Saudi Arabian investment conference next week. Behind the scenes, dealmakers bringing in the hard cash are fretting - and still going.

Economy

Internet access has become a human right, data inquiry hears

Oct 18 2018 07:23

The need to communicate and access the internet has become a human right in South Africa and should be treated as such, Media Monitoring Africa has said during an inquiry into data services.

Economy

Gautrain irrelevant for township people, says student researcher

Oct 18 2018 06:00

The Gautrain is irrelevant to transforming the spatial reality for disadvantaged South Africans, says masters student at North-West University told the Planning Africa 2018 conference in Cape Town.

Economy

Trade war: Biggest risk to global financial markets

Oct 17 2018 21:21

As the most liquid emerging market, our currency, equities and bonds ebb and flow in tune with global markets, this begs the question, what is driving global markets?

Economy

Scopa decries delays in Public Service Commission's report on probe

Oct 17 2018 21:37

The Public Service Commission has requested an extension to submit a report on the appointment of Boitumelo Mokgoro as chief financial officer at an entity of the Public Works department.

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Economy

DA's Mazzone lays charges against SOE accounting bosses

Oct 17 2018 21:01

Public Enterprises Minister Pravin Gordhan has acknowledged to Parliament that some of these entities battled with timeous submissions of their financial statements.

Economy

SARS on Nugent: eFiling system not on verge of collapse

Oct 17 2018 16:09

The South African Revenue Service (SARS) has dismissed any perception that its eFiling system is on the verge of collapse, saying the system was stable and "performing well within specification".

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