South African, African and global economic news | Fin24
 
  • Data Market Inquiry

    MTN says it is prepared to defend itself before Competition Tribunal over report.

  • Claims of sabotage

    What we know so far about allegations of sabotage at an Eskom power station.

  • Dudu Myeni

    Court dismisses former SAA chiar's bid to have Outa withdraw from delinquency case.

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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.

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.

Inside Fin24.com

 
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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