ANALYSIS: Zimbabwe, hobbled by a clash of egos

Dec 14 2019 08:00

At the heart of Zimbabwe’s economic paralysis is a personality clash.

UN: Zim needs US$293m for emergency food supplies as hunger worsens

Economy

China, US agree on initial trade deal to remove some tariffs

Dec 13 2019 19:57

The world’s two largest economies have been in a trade war for about 18 months involving nearly $500bn in products shipped between the two nations.

Economy

Victory for over-indebted consumers burdened by garnishee order costs

Dec 13 2019 20:45

A new order by the high court to determine the interpretation of 'collection costs' is expected to have far-reaching consequences for over-indebted consumers.

Economy

SA portfolio inflows jump on record Eurobond sale

Dec 13 2019 18:35

The economy also entered the 73rd month of a weakening cycle in December, extending its longest downward phase since 1945.

Eskom

Government takes the next step to address power supply

Dec 13 2019 15:29

The Department of Mineral Resources and Energy says it will launch a risk mitigation power purchase programme to alleviate current electricity supply constraints.

South Africa

Government has every intention of saving Saldanha steel jobs, says Patel

Dec 13 2019 14:44

Since Arcelor Mittal South Africa announced in November that it would be closing Saldanha Steel, government has urged the company to review this decision, Minister of Trade and Industry Ebrahim Patel has said.

World

Pound surges and gilts drop as Tory landslide jolts UK assets

Dec 13 2019 11:08

The pound soared, gilts fell and British stocks surged after Prime Minister Boris Johnson’s Conservative Party won a majority in the U.K. general election, raising hopes that an end to the Brexit deadlock will unlock pent-up investment flows.

Economy

SA's worst polluter Eskom wants emission exemptions

Dec 13 2019 10:47

The power utility has asked for additional emission exemptions at two of its biggest plants at a time when it's already being slammed for rolling power cuts.

Eskom

De Ruyter, meet NUM – union to protest on Eskom CEO’s first day

Dec 13 2019 05:00

Andre De Ruyter is due to start serving as Eskom CEO on 15 January next year. National Union of Mineworkers energy sector coordinator Paris Mashego told Fin24 on Thursday that the union planned to demonstrate on his first day at the office.

Eskom

Minerals Council: Help, Eskom is downscaling the mining industry

Dec 12 2019 21:30

The Minerals Council of South Africa says Eskom has essentially made "an industrial policy decision" to downscale the mining industry.

South Africa

Joburg power woes: Inner city outage as distributor trips

Dec 12 2019 19:56

Jo'burg residents have had to contend with outages above and beyond the scheduled load shedding, as power trips hit multiple areas in the city.

Inside Fin24.com

Stark Warning

The finance minister has warned ANC leadership that urgent economic changes are needed.
Black Tax

This form of solidarity deserves political recognition and help from SARS, writes Ferial Haffajee.
Skyscraper

New Sandton skyscraper is the tallest building in Africa - it offers a view of Magaliesberg.
Facebook's Libra

The cryptocurrency project has become the regulatory equivalent of a pinata.
National Carrier

Fixing SAA means overcoming an 'organised crime syndicate', says ex-prosecutions boss Vusi Pikoli.

Eskom

No, Zim has not been connecting electricity illegally for years - Eskom

Dec 13 2019 13:02

Zimbabwe has not been connecting electricity illegally "for years" at Eskom's expense, the power utility says, dismissing the claims as fake news.

Eskom

Claims of sabotage at Eskom: What we know so far

Dec 12 2019 17:04

According to Eskom's head of generation Bheki Nxumalo, a safety monitoring instrument was disconnected last week at Tutuka power station in Mpumalanga, but a union representative has asked for proof.

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