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

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

55 minutes ago

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.

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".

Economy

Public Works: We are reviewing R75 accommodation for DGs

Oct 17 2018 18:04

Director generals have been receiving work accommodation at a monthly rate of as little as R75 in the City of Cape Town, members of Parliament’s Standing Committee on Public Accounts have heard. Moreover, some of the properties have been vacant for years.

Economy

US housing starts fell last month amid Hurricane Florence

Oct 17 2018 15:04

US new-home construction has fallen in September on a decline in the South that may reflect disruptions from Hurricane Florence, according to government figures.

Economy

More coal or no coal: public weighs in on SA's energy plan

Oct 17 2018 15:17

UCT’s Energy Research Centre says if South Africa is serious about keeping climate change below 1.5°C it must not add any new coal to the country’s electricity sector - but not everyone agrees.

Economy

World's 10 richest each gain at least $1bn as stocks surge

Oct 17 2018 08:45

It’s a perfect 10. Every one of the world’s 10 richest people added at least $1bn to their fortunes as US stock markets ripped higher, brushing off last week’s malaise.

Economy

Mboweni still to meet with Ramaphosa over PIC probe

Oct 17 2018 06:15

MPs asked the new finance minister when the probe into the state asset manager would begin and when the terms of reference of such an investigation would be made public.

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Economy

How Moyane turned SARS upside down - 7 highlights from scathing Nugent report

Oct 16 2018 21:49

Judge Robert Nugent has recommended to the president that suspended SARS boss Tom Moyane be fired as he "effectively turned a world-class organisation upside down".

Economy

Ensure economic development - not just growth, panel hears

Oct 17 2018 13:11

It is important to distinguish between economic growth and economic development, says Amiena Bayat of the University of Western Cape.

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