South African, African and global economic news | 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.


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.


Eskom: WhatsApp voice note about failure to pay oil suppliers is fake news

Dec 12 2019 12:56

The power utility says claims made in a widely shared voice note are false.


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.


Cape Town to Mantashe: Avoid 'costly litigation' by allowing municipalities to buy their own electricity

Dec 12 2019 10:13

The city has written to the minister of mineral resources and energy asking that it and other municipalities be permitted to buy electricity directly from independent power producers, avoiding a pending court case.


Eskom: 'Progress' in getting Northern Cape councils to pay up

Dec 11 2019 18:29

Eskom announced in a statement on Wednesday afternoon that it would suspend power interruptions to 11 municipalities that owed the utility money for electricity, as it was "pleased" with progress made in retrieving outstanding debts from the defaulting councils.


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.



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