Fin24 Economy

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Updated: 19 hours 22 min ago

Fin24.com | Greek unemployment drops in May

Thursday, 06 August 2015
Greece's jobless rate has fallen to 25% in May from 25.6% rate in the previous month, says the statistics agency .

Fin24.com | US jobless claims edge up, labour market strong

Thursday, 06 August 2015
The number of Americans filing new applications for unemployment benefits have risen less than expected, suggesting labour market conditions are tightening.

Fin24.com | Brown: Another 18 months of load shedding

Thursday, 06 August 2015
Load shedding will continue for the next 18 months, Public Enterprises Minister Lynne Brown says, once again appealing to South Africans to save electricity.

Fin24.com | Cancel all Glencore mining rights, urges EFF

Thursday, 06 August 2015
Mines Minister Ngoako Ramatlhodi should cancel all Glencore mining rights in South Africa, the EFF says.

Fin24.com | Up to 10 hours of load shedding for Zambians

Thursday, 06 August 2015
South Africans who complain about load shedding can thank their lucky stars they are not living in Zambia at the moment, according to trade unionists and journalists.

Fin24.com | Sanral slams Wayne Duvenage over 'figure tampering'

Thursday, 06 August 2015
Outa's "angrily tampering with figures" to make a point is not contributing to a rational approach on the question of e-tolls, cautions Sanral.

Fin24.com | Stage 1 load shedding implemented

Thursday, 06 August 2015
Due to increased electricity demand and a shortage of generation capacity, Eskom has implemented stage 1 load shedding, which will likely continue until 22:00.

Fin24.com | Zimbabwe caps bank interest rates at 18%

Thursday, 06 August 2015
Zimbabwe's central bank has capped lending rates for finance institutions at 18% and moved in to reform the banking sector in a bid to improve economic activity.

Fin24.com | Cosatu calls on Madonsela to probe failed CT Cup

Wednesday, 05 August 2015
Cosatu has called on Public Protector Thuli Madonsela to investigate the failed R30m Cape Town Cup and especially the role of mayor Patricia de Lille.

Fin24.com | Oil price drop a wake-up call for Africa - PwC

Wednesday, 05 August 2015
The oil price drop has caused a decline in oil and gas activity in Africa and serves as a wake-up call to many African governments, shows a PwC report.

Fin24.com | Loan deal with lenders close: Greek PM

Wednesday, 05 August 2015
Prime Minister Alexis Tsipras says that Greece was close to concluding a deal with lenders on a multi-billion-euro bailout.

Fin24.com | Ramatlhodi implores mines, unions to save jobs

Wednesday, 05 August 2015
The mining ministry is meeting producers and unions for two days of talks on alternatives to cutting as many as 10 000 jobs.

Fin24.com | Chinese factories face headwinds in July

Wednesday, 05 August 2015
Economic headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years.

Fin24.com | Oil industry frets about another lost decade - Kemp

Wednesday, 05 August 2015
If oil prices remain around $50 for the rest of the year, 2015 will be the fifth time real prices have fallen more than 50% in the space of less than three years.

Fin24.com | Greek residential property price slide gains pace

Wednesday, 05 August 2015
Greek residential property prices have declined at a faster pace in the second quarter than the first, as Greece's slide back into recession hit household incomes.

Fin24.com | Private-sector output, new orders fall

Wednesday, 05 August 2015
Activity in the private sector has declined in July, with output and new orders contracting the most in more than a year, according to a survey.

Fin24.com | Greece wants full bailout, not bridge loan

Wednesday, 05 August 2015
The parliamentary spokesperson for Greece's ruling party has urged it to unite behind a new funding agreement, saying the country wants a full bailout immediately.

Fin24.com | Mining sector in trouble, says Ebrahim Patel

Wednesday, 05 August 2015
The mining sector is in "trouble" as it struggles with widespread job losses and lower commodity prices, warns Minister of Economic Development Ebrahim Patel.

Fin24.com | Energy crisis: cities explore alternatives

Wednesday, 05 August 2015
THE eThekwini Municipality and the Durban Chamber of Commerce and Industry (DCCI) are moving in the same direction as Pietermaritzburg in a bid to explore alternatives to load shedding.

Fin24.com | SA's biggest gold union said to reject pay offer

Wednesday, 05 August 2015
Members of the National Union of Mineworkers have been rejecting a final deal tabled in wage negotiations, according to a person familiar with the discussions.

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