Fin24 Economy

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Updated: 2 hours 47 min ago

Fin24.com | Irregular govt spend balloons to over R46bn

Wednesday, 16 November 2016
Irregular expenditure by government departments and public entities has soared by nearly 40% over the past three years, the auditor general has revealed.

Fin24.com | Western Cape best performer in 2015/16 - AG

Wednesday, 16 November 2016
The Western Cape was the best performing province in the 2015/16 financial year, Auditor General Kimi Makwetu says.

Fin24.com | Sanral slammed for over R1.6bn irregular spend

Wednesday, 16 November 2016
The South African National Roads Agency has been slammed by MPs in Parliament for being vague about its more than R1.6bn irregular expenditure.

Fin24.com | Zim's October inflation creeps up

Wednesday, 16 November 2016
Zimbabwe’s annual inflation for October gained 0.37 percentage points to close the month at -0.95%, as prices rose on the back of shortages for some basic products.

Fin24.com | Gupta-linked Eskom board member named in probe resigns

Wednesday, 16 November 2016
Mark Pamensky, a director of a company owned by the Guptas that has ties with President Jacob Zuma’s son, has resigned as a board member at Eskom.

Fin24.com | Why discuss the nuclear deal in secret?

Wednesday, 16 November 2016
A closed meeting on the nuclear build plan reinforces the perception that government has something to hide, says lobby group Safcei.

Fin24.com | Shaun Abrahams rejects claim of R50bn market loss over Gordhan charges

Wednesday, 16 November 2016
Head of the National Prosecuting Authority, Shaun Abrahams, has played down the economic impact of charges being levelled against Finance Minister Pravin Gordhan.

Fin24.com | Warning of further decline in SA economy

Tuesday, 15 November 2016
The latest BankservAfrica Economic Transaction Index suggests a further decline in the South African economy.

Fin24.com | Absent MPs delay passing of revenue bill

Tuesday, 15 November 2016
The National Assembly could not pass the division of revenue bill as the required 50% plus one member were not present in the chamber during the voting process.

Fin24.com | Road transport treaty can save Africa billions

Tuesday, 15 November 2016
Some of the world’s highest trade costs can be found in Africa and it is estimated that about 40% of the cost of goods are attributable to transport cost.

Fin24.com | Jonas: We assured Fitch SA's commited to fiscal discipline

Tuesday, 15 November 2016
National Treasury had a meeting with Fitch ratings agency on Tuesday in which it affirmed South Africa’s commitment to fiscal discipline.

Fin24.com | Real house price growth deflates further - index

Tuesday, 15 November 2016
In real terms house prices in the middle-segment of the SA housing market deflated further in September this year, according to an Absa index.

Fin24.com | Christo Wiese talks exclusivity, investments and Africa

Tuesday, 15 November 2016
Part of the problem of the world today is exclusivity, says billionaire businessman Christo Wiese at the launch of an innovative investment product.

Fin24.com | UK inflation slowdown set to be brief

Tuesday, 15 November 2016
UK inflation has unexpectedly slowed in October, driven down by the price of clothing and university tuition fees.

Fin24.com | Cas Coovadia on why debt forgiveness is a bad idea

Tuesday, 15 November 2016
The Banking Association of South Africa does not support the principle of debt forgiveness, says managing director Cas Coovadia.

Fin24.com | Molefe pays back R680 000 for extra Prasa board meetings

Tuesday, 15 November 2016
Prasa chairperson Popo Molefe has repaid R680 000 for extra board meetings that had not been approved by the Department of Transport.

Fin24.com | Media barred from PetroSA briefing into R14.5bn loss

Tuesday, 15 November 2016
Members of the public and the media had to leave a Parliamentary meeting empty-handed where the forensic report on PetroSA was going to be discussed.

Fin24.com | Petrol price relief on cards

Tuesday, 15 November 2016
The Automobile Association expects the petrol price to decrease by 45 cents a litre in December as international petroleum prices have started declining in November.

Fin24.com | UK to borrow extra $125bn as growth slows: PwC

Tuesday, 15 November 2016
Britain may borrow £100bn more than previously forecast over the next five years as Brexit hits the economy, according to PricewaterhouseCoopers.

Fin24.com | WANTED: A renewable energy friendly Eskom CEO – Sarec

Tuesday, 15 November 2016
The SA Renewable Energy Council wants to see a “shift of attitude” from Eskom as it seeks a new chief executive following Brian Molefe’s resignation.