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Economy

PIC inquiry: R5.2 billion Karan Beef deal 'in limbo' amid whisteblower claims

May 21 2019 15:37

Claims of price inflation by an anonymous whistleblower have hindered the finalisation of a major proposed investment by the Public Investment Corporation.

Economy

In or out? Mboweni looks set to retain key post, say sources

May 20 2019 16:58

Finance Minister Tito Mboweni is likely to hold on to his job for at least another year, as President Cyril Ramaphosa moves to re-assure investors and ratings companies that the economy is in good hands, according to two people familiar with the cabinet selection process.

Economy

Investors want to be sure lights will stay on in SA - economist

May 18 2019 15:46

Market participants are acutely aware of the apparent fissures within the ANC, which may disrupt attempts at reform, says an economist at Sanlam Investments.

Economy

SA could be renewables forerunner - expert

May 18 2019 10:29

There's no reason why SA shouldn't be among the forerunners in creative renewable energy solutions, according to the chief digital officer at Siemens Gamesa Renewable Energy.

Equities

Skeptical investors light on SA stocks after election

May 15 2019 15:57

Investors remained underweight on South African stocks even after the ANC’s victory in this month’s elections, signaling skepticism about the prospect for economic reform, Morgan Stanley has said.

Economy

Some Transnet execs learnt of irregular contracts through media, state capture inquiry hears

May 15 2019 14:08

Mahommed Mahomedy told the state capture inquiry that a review of contracts by the new group's board uncovered a serious disregard for processes and management structures in the appointment of service providers.

Economy

April economic activity shows highest rebound since 2014 – BankservAfrica

May 15 2019 14:44

'April’s BETI figure is a major change in direction and indicates that after the dismal first quarter of 2019, the economy is making great strides into positive territory," says economist Mike Schüssler.

South Africa

Moody's likely to keep SA's credit rating at investment grade post-election - analyst

May 16 2019 11:54

The outcome of the election which was in line with market expectation is likely to influence global ratings agency Moody to keep South Africa's credit assessment unchanged at Baa3.

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Economy

Cautious trade conditions in SA remain - index

May 15 2019 11:38

Political activity and anxiety ahead of the national election on May 8, coupled with the effects of public holidays, slightly depressed trade conditions in April, according to a survey.

Economy

Platinum miners brace for labour clash in early Ramaphosa test

May 14 2019 07:54

When the world’s biggest platinum miners sit down with labour unions this month to negotiate a three-year wage deal, it could prove an early test of Cyril Ramaphosa’s new presidency.

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