Fin24 Economy

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Updated: 2 hours 35 min ago

Fin24.com | Foreign Fund Framework ready for public comment, Treasury says

Friday, 30 March 2018
The public has a month to comment on Treasury's Foreign Member Funds Framework, expected to bolster South Africa’s stature as the gateway into Africa for foreign member fund investment.

Fin24.com | RCL Foods facility not to blame for listeriosis outbreak - DoH

Friday, 30 March 2018
The Department of Health says tests have shown that RCL Foods’ processing facility in Wolwehoek, in the Free State, was not responsible for the recent listeriosis outbreak.

Fin24.com | SA has trade surplus in February, rebounding from gap

Thursday, 29 March 2018
The country's trade balance has swung to a surplus after recording the biggest deficit in at least 28 years a month earlier.

Fin24.com | Top 5 on Fin24: Listeriosis - Class action suit against Tiger Brands, Enterprise launched

Thursday, 29 March 2018
A roundup of Thursday's top economic and finance reads on Fin24.

Fin24.com | SAA finally posts financial results, reports R5.6bn loss

Thursday, 29 March 2018
Finance Minister Nhlanhla Nene says reducing debt is one of the key elements required to turn around SAA, as the ailing national airline posted a loss of R5.67bn for the year ended March 2017.

Fin24.com | Rate cut seen as energy boost for home buyers, owners

Thursday, 29 March 2018
The rate cut by the Monetary Policy Committee of the SA Reserve Bank has led to a base home loan rate cut from 10.25% to 10%.

Fin24.com | Public Protector to approach higher court over Bankorp-CIEX costs order

Thursday, 29 March 2018
Public Protector Busisiwe Mkhwebane plans to approach the Supreme Court of Appeal after she was ordered to pay a portion of the costs SARB incurred in a court case related to the Bankorp-CIEX matter.

Fin24.com | Eskom looks for silver lining after Moody's downgrade

Thursday, 29 March 2018
The power utility says that while its recent credit rating downgrade is 'disappointing', ratings agency Moody's acknowledged that it had taken positive strides over the past two months.

Fin24.com | US jobless claims decline to lowest level since 1973

Thursday, 29 March 2018
US filings for unemployment benefits have unexpectedly fell to the lowest level since January 1973, further evidence that the labour market remains tight.

Fin24.com | PPI down in February - Stats SA

Thursday, 29 March 2018
The latest Producer Price Index released by Statistics SA shows that PPI fell to 4.2% year-on-year in February from 5.1% y/y in January.

Fin24.com | The Nkonki Pact Part 2: Eskom’s new billion-rand consulting deal for Essa & Co

Thursday, 29 March 2018
When auditing firm Nkonki fell in the Gupta orbit via a management buyout funded by Salim Essa, things started going very right for it at Eskom. The amaBhungane team elaborates.

Fin24.com | Court rejects Numsa's urgent bid to block IPP signing

Thursday, 29 March 2018
The North Gauteng High Court has struck Numsa and Transform RSA's urgent application to block the signing of 27 outstanding renewable IPPs from the roll.

Fin24.com | Strain on UK consumers persists, current-account gap narrows

Thursday, 29 March 2018
UK consumers have remained under pressure as 2017 came to an end, data published show.

Fin24.com | German joblessness hits record low as firms push capacity limits

Thursday, 29 March 2018
German unemployment has extended its decline in March as companies boosted their labour force to keep up with bulging order books.

Fin24.com | Experts weigh in on further likely SARB rate cuts, hikes

Thursday, 29 March 2018
While SARB 'surprised' with an interest rate cut, a number of experts give their views on what SA consumers can expect from the bank in future.

Fin24.com | Moody's again downgrades Eskom citing lack of clear financial plans

Thursday, 29 March 2018
The power utility has had its credit rating again downgraded by Moody’s which cited a lack of clarity regarding plans to stabilise its finances.

Fin24.com | Did SARS Gupta VAT refund break financial law?

Thursday, 29 March 2018
The pay agent company who received the Gupta VAT payout by the SA Revenue Service was not registered with the Payment Association of South Africa, which means the transaction may have broken financial laws.

Fin24.com | Moody's SA rating spills over to municipal outlooks - except for Cape Town

Thursday, 29 March 2018
Moody's Investors Service has confirmed the long-term global scale ratings of 10 South African regional and local governments with stable outlooks.