South African economy | Fin24
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    Find information for Johannesburg, Durban, Cape Town and other cities.

  • State Wage Bill

    Budget 2020 | Treasury announces three-year R160bn proposal to cut state wage bill.

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    Eskom is cursed with no good choices as it continues to struggle for survival.

South Africa

Fears of water’s 'day zero' spur Cape Town to consider rainless day fund

Feb 26 2020 10:42

Scarred by a water shortage that almost saw Cape Town become the first major world city to run out of water, local authorities are planning measures ranging from cutting down alien trees to establishing a "rainless day fund" to cushion its more than 4 million people from the next dry spell.

South Africa

Healthcare providers retrench, halt services as Compensation Fund payouts delayed

Feb 23 2020 12:40

Some healthcare providers who work with the Compensation Fund have started to retrench staff while others have halted operations, following six months of not being able to log claims with the Fund, which is intended to compensate workers who have died or got hurt or sick at work.

South Africa

Ramaphosa: SA is winning over investors on infrastructure plans

Feb 20 2020 19:06

President Cyril Ramaphosa told Parliament on Thursday afternoon that investors, including the finance industry, had responded enthusiastically to government's renewed commitment to investing in infrastructure announced in his SONA last week.

South Africa

Stats SA Council to meet with minister, 'partial' additional funding in the works

Feb 19 2020 19:01

Minister in the Presidency Jackson Mthembu and Statistician-General Risenga Maluleke have been negotiating with Finance Minister Tito Mboweni, and National Treasury has provided "partial additional funding" to Stats SA, according to a statement.


SA permission for Saudi coal-fired plant expires, lawyers say

Feb 19 2020 09:56

ACWA Power has been informed by the government that its environmental authorisation to build a 306 megawatt coal-fired power plant in the country has expired, according to lawyers opposing the project.


South Africa

Ramaphosa’s best ideas are borrowed, Malema charges in SONA debate

Feb 18 2020 20:15

The ANC was jittery about establishing a state-owned bank until Minister of Finance Tito Mboweni "hijacked the superior logic of the EFF", Julius Malema said on Tuesday.


SA's rising country risk adds to rates pressure - Reserve Bank

Feb 18 2020 16:39

South Africa’s rising country risk is putting upward pressure on interest rates, even as inflation expectations are dropping, with credit-rating companies contributing to the negative sentiment, according to the Reserve Bank.

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Cuts to the public sector wage bill took centre stage at this year's Budget

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