South African economy | Fin24

PICS: Ramaphosa to woo investors at G7 Summit

Aug 25 2019 13:19

President Cyril Ramaphosa aims to market South Africa as an investment destination and trade partner during the G7 Summit taking place in Biarritz, France.


Sunday Read: 'I am proud I did not get an invitation to the Zondo commission' – CEO

Aug 25 2019 09:30

Siemens Southern and Eastern Africa CEO Sabine Dall'Omo shares details on the international tech giant's role in changing the world for the better, and why more companies should do the same.


Cosatu 'in principle' open to prescribed assets, but warns against looting

Aug 23 2019 14:20

While opposition party the DA has argued unions should oppose prescribed assets in order to protect their members' interests, trade union federation Cosatu says it "in principle" supports investment being required to invest part their funds in government bonds.

South Africa

South Africa to seek budget spending cuts as debt climbs

Aug 22 2019 15:24

South Africa is seeking to cut government budgets as it moves to contain debt after promising billions of rands to rescue its power utility and a weak economy damps tax collection.

South Africa

Ramaphosa to brief Parliament as SA seeks to cut spending

Aug 22 2019 11:51

President Cyril Ramaphosa is to brief Parliament on efforts to boost economic growth and tackle the nation’s crisis-level unemployment rate, just weeks after the National Treasury asked government departments to cut their budgets.

South Africa

7 key factors in Mkhwebane's ConCourt appeal against Gordhan ruling

Aug 22 2019 05:00

Public Protector Busisiwe Mkhwebane wants the Constitutional Court to overturn the High Court judgment which suspended the implementation of remedial action she recommended against Public Enterprises Minister Pravin Gordhan. Fin24 unpacks the key elements of her argument.


Bad publicity may cost Cape Town jobs - Mayco member

Aug 22 2019 14:16

The tourism economy is very important for Cape Town and any bad publicity has a knock-on effect which could ultimately impact thousands of jobs provided by the industry, warns James Vos, the City of Cape Town's Mayco member for economic development.


SA must brace for more hikes in taxes, electricity tariffs - economist

Aug 22 2019 09:36

The challenge posed by heavily indebted Eskom means that SA taxpayers must brace for higher taxes and further electricity price hikes, says Absa's Group chief economist.


Poor Cape Town households spend 43% of income on transport – Mayco member

Aug 21 2019 14:14

Poor households in Cape Town spend about 43% of their income on transport, according to the City’s Mayco member for urban development, Felicity Purchase.


South Africa

Mkhwebane heads to ConCourt over Gordhan, says ruling 'creates unbearable conditions'

Aug 21 2019 14:51

Public Protector Busisiwe Mkhwebane has filed an application to the Constitutional Court for leave to appeal a High Court ruling which suspended the implementation of remedial action against Public Enterprises Minister Pravin Gordhan.


BMF creates legal fund to take on companies violating Employment Equity laws

Aug 19 2019 20:47

The Black Management Forum says it plans to step up its "monitoring capacity", and has established a litigation fund to take legal action against public interest companies violating employment equity laws.

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