South African, African and global economic news | Fin24

'Political solution' needed as council payments to Eskom plummet, Scopa hears

Nov 13 2018 17:22

Municipalities are in a debt spiral, with payment levels among the top 20 defaulters dropping from a high of 91% in 2016 to just 57% in 2018, Parliament heard on Tuesday.


Zimbabwe's prices surge at fastest pace since hyperinflation

Nov 13 2018 16:51

Zimbabwean consumer prices surged at their fastest pace since a hyperinflationary spiral a decade ago, casting a further shadow over the economic reform efforts of President Emmerson Mnangagwa.


New WC Economic Opportunities Minister Beverley Schäfer on lobster, corruption and what's first on her to do list

Nov 13 2018 09:58

Beverley Schäfer talks to Fin24 about poaching, the DAFF, West Coast Rock Lobster, and what's on her To Do list.


Harvard, affirmative action and the future of college admissions

Nov 13 2018 06:09

In the Harvard case, Students For Fair Admissions, led by affirmative action opponent Edward Blum, is suing to make the nation’s oldest and wealthiest college replace its vaunted “holistic” admissions process with a race-blind system


Mnangagwa resorts to temporary powers over crippling forex shortages in Zim

Nov 12 2018 17:54

Zimbabwean president Emmerson Mnangagwa has resorted to temporary powers to curb illegal currency trade as the southern African country experiences crippling foreign currency challenges.


'It actually shocked me' that Zuma wanted Gama as Transnet CEO - Hogan

Nov 12 2018 15:10

Former public enterprises minister Barbara Hogan has told the judicial commission of inquiry into allegations of state capture that former president Jacob Zuma wanted Siyabonga Gama as Transnet CEO, despite him facing allegations of misconduct.



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