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Economy

Top5 on Fin24: Rand braces for Friday's ratings decision, and HSBC closes Gupta accounts, starts review

Nov 20 2017 17:14

ICYMI: A roundup of Monday's must-read financial news

Economy

'Irrationality and fiscal irresponsibility' could hasten downgrade to junk - Wierzycka

Nov 20 2017 17:05

Although ratings agencies are not supposed to make decisions about credit ratings based on politics, the most recent high-level resignations in National Treasury and rumours about fee-free education could be the last straw, says Sygnia's Magda Wierzycka.

Eskom

Former Eskom chiefs Molefe and Tsotsi to face Eskom inquiry

Nov 20 2017 16:01

Former Eskom CEO Brian Molefe and ex-chair Zola Tsotsi will give evidence in the Eskom inquiry conducted by Parliament’s public enterprises portfolio committee.

Economy

HSBC closes accounts linked to Guptas amid review

Nov 20 2017 15:02

HSBC, with the assistance of external investigators, is conducting a wide-ranging review of any possible involvement in suspicious transactions, people with knowledge of the matter said.

Economy

Brexit may shock UK firms into fixing productivity malaise

Nov 20 2017 12:56

Poor productivity has long been the bane of the UK, with output per worker far below the G7 average and successive predictions for a recovery since the financial crisis failing to materialise.

Economy

Nobel laureate Stiglitz backs fees commission findings

Nov 20 2017 09:21

Nobel laureate Professor Joseph Stiglitz has thrown his weight behind the Heher Commission's education proposal, while warning that growing manufacturing in South Africa is not a silver bullet.

Eskom

Fear of jobs bloodbath over Eskom tariff hike

Nov 20 2017 06:00

An economists warns that Eskom's proposed 19.9% electricity hike will result in job losses in the steel and engineering sector, which has already suffered more than 25 000 job cuts over the last three years.

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