Fin24 Economy

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Updated: 2 hours 39 min ago

Power cuts hit parts of Greece

Friday, 04 July 2014
Parts of Greece have been hit by power cuts after electricity workers began one of a series of 48-hour strikes.

Business as usual for Toyota despite strike

Friday, 04 July 2014
Japanese automaker Toyota says its business has not been impacted by a strike that has hit the supply of components to the local industry.

Gigaba: Door still open on new travel law

Friday, 04 July 2014
Home Affairs Minister Malusi Gigaba says the impact of new immigration regulations are open to further engagement to protect the economy from any harm.

China approves $8bn inter-city rail plan

Friday, 04 July 2014
China has approved a $8.06bn plan to build an inter-city rail network as it looks to improve transport links in its less-developed inland regions.

GM halts SA car plant over strike

Friday, 04 July 2014
US auto giant GM has suspended production at its main South African assembly plant in Port Elizabeth because of a strike at components suppliers.

US economy picks up as job growth surges

Friday, 04 July 2014
US employment growth have jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was growing briskly.

Zimbabwe to clarify controversial BEE law

Friday, 04 July 2014
Zimbabwe will have to clarify its empowerment law as it seeks to be in good standing with the AfDB, World Bank and IMF, says Finance Minister Patrick Chinamasa.

Inside Labour: Rank and file find their voice

Friday, 04 July 2014
There seems to be renewed confidence and determination abroad among organised workers at rank and file level, says Terry Bell.

Investors in the dark over Africa data

Friday, 04 July 2014
Africa investors have long learned to give official figures short shrift, but with a global recovery on the rise Africa can ill afford to pump out dodgy data.

Economy at the abyss

Friday, 04 July 2014
It's time for government to take the downgrade threat seriously, says Mzwandile Jacks.

Solidarity cautions Telkom about race

Friday, 04 July 2014
Solidarity has warned Telkom not to use race in deciding which employees to retrench and its consulting its lawyers.

Informal traders to get grants

Thursday, 03 July 2014
The Gauteng government plans to pilot micro-financing loans and grants to informal traders to help alleviate problems.

Seifsa writes to Phiyega over 'war-like' strikers

Thursday, 03 July 2014
Concerns of violence in the metals and engineering strike have prompted employers to write to national police commissioner Riah Phiyega twice, Seifsa says.

Japanese mascots face the chop

Thursday, 03 July 2014
Hundreds of cuddly mascots are facing the chop after Japan's finance ministry ordered local authorities nationwide to cut back in their use.

Woven, crochet wage deal struck

Thursday, 03 July 2014
An agreement over a wage increase has been reached in the woven and crochet textiles sector, says Sactwu.

Yellen drives wedge between monetary policy

Thursday, 03 July 2014
Monetary policy faces "significant limitations" as a tool to counter financial stability risks, says Federal Reserve Chair Janet Yellen.

Egypt to raise energy prices

Thursday, 03 July 2014
Egypt's Planning Minister Ashraf al-Arabi says the government is about to raise prices on most petroleum products.

US job growth surges

Thursday, 03 July 2014
US employment growth has jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was moving forward after a big slump.

Call for shake-up in financial sector

Thursday, 03 July 2014
A major shake-up is needed in the country's financial sector, says SACP general secretary Blade Nzimande.

Nzimande: Amcu strike was disastrous

Thursday, 03 July 2014
The protracted platinum strike was disastrous and workers will never recover from the five months lost, says SA Communist Party general secretary Blade Nzimande.

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