South African economy | Fin24
 
  • Still falling

    Annual consumer price inflation has dipped to its lowest level in 9 years.

  • Sabotage at Eskom

    President Cyril Ramaphosa says sabotage contributed to power cuts earlier in the week.

  • Digital Banking

    TymeBank says it will be switching gears in a bid to triple its size by the end of 2020.

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Economy

Power instability debilitating factor for SA trade conditions - index

Dec 12 2019 12:21

Over the next six months trade in SA is expected to decline further into negative territory, according to the SA Chamber of Commerce and Industry's Trade Expectations Index.

Economy

Annual consumer price inflation at lowest level in 9 years

Dec 11 2019 12:04

Economist Mike Schussler says low inflation is starting to affect the economy, as businesses such as retailers can't afford to increase prices even if their inputs go up.

Economy

Business chamber calls for independent directors on boards of state companies like Eskom

Dec 10 2019 21:02

The SA Chamber of Commerce and Industry says the time has come for the state to reevaluate whether it has the 'necessary competencies, skills and experience' to manage Eskom.

Economy

BMF appoints new managing director

Dec 05 2019 10:26

Maemo Kobe has been appointed as the new Managing Director of the Black Management Forum, the organisation said on Wednesday.

Economy

Another recession looming, warns BUSA, as it slams govt for 'lip service'

Dec 04 2019 15:15

With GDP for the third quarter contracting by 0.6% and private sector business performance continuing to deteriorate, Business Unity South Africa has called for government to keep its promises.

South Africa

Zondo Inquiry hears key reason for rise in locomotive costs doesn't hold up

Dec 04 2019 12:34

There was no need to increase the costs of a multi-billion rand contact to procure new locomotives for Transnet, because forex hedging was already included in the business case, the state capture inquiry hears.

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South Africa

Municipal debt to Eskom grows by over R1bn in a month

Dec 03 2019 12:53

Overdue debt owed to Eskom by municipalities increased by some R1.2bn in September to R26.4bn by the end of October, Parliament's Standing Committee on Public Accounts heard.

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