Fin24 Economy

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Updated: 1 day 3 hours ago

Fin24.com | Competition Commission takes on fresh produce market agents

Wednesday, 11 October 2017
The Competition Commission says fresh produce market agents cannot charge fixed commissions to farmers.

Fin24.com | PIC said to mull backing bid for Chevron's SA unit

Wednesday, 11 October 2017
The Public Investment Corporation is interested in taking part in the acquisition by Glencore and a group of black South African-owned companies of Chevron's assets in South Africa, according to three people familiar with the matter.

Fin24.com | State of economy hinges on ANC succession outcome - economist

Wednesday, 11 October 2017
South Africa is missing out on the benefits of a global economic recovery because of political and policy uncertainty, says economist Johann Els of Old Mutual.

Fin24.com | Procurement boss denies reports of Gigaba meeting

Wednesday, 11 October 2017
Acting chief procurement officer Willie Mathebula has denied reports alleging that he had met with the finance ministry to discuss the restructuring of his office and the revision of his powers.

Fin24.com | Business loss from storms could top R500m - expert

Wednesday, 11 October 2017
Losses to businesses due to damages from this week's devastating storms in KZN could conservatively amount to between R400m and R500m, according to an insurance expert.

Fin24.com | Top 5 on Fin24: Parliament has date for Eskom inquiry, new pension fund suspicions, and an audit for the PIC

Wednesday, 11 October 2017
In case you missed it, here is a roundup of Wednesday's top 5 Fin24 reads.

Fin24.com | The McKinsey Dossier, Part 4 – Bending over backwards for Trillian

Wednesday, 11 October 2017
An investigation shows that suspended Eskom CFO Anoj Singh and his team stand accused of bending over backwards to get Trillian their payday, sometimes bullying mid-level officials into fabricating documents.

Fin24.com | Parliament calls first witnesses for Eskom inquiry

Wednesday, 11 October 2017
Parliament’s inquiry into Eskom is set to begin next Tuesday, with the first witnesses set to give evidence, it has been announced.

Fin24.com | Parliament calls first witnesses for Eskom inquiry

Wednesday, 11 October 2017
Parliament’s inquiry into Eskom is set to begin next Tuesday, with the first witnesses set to give evidence, it has been announced.

Fin24.com | Eskom tops list of procurement deviations with R31.3bn

Wednesday, 11 October 2017
Acting chief procurement officer Willie Mathebula says he is concerned about the deviations of state departments and institutions from procurement regulations.

Fin24.com | Tough times reflect in slower buy-to-let property trends

Wednesday, 11 October 2017
The secondary home demand percentage in SA was mildly lower in the third quarter than in the second quarter - the second successive quarter of decline. Tough times reflect in second home trends

Fin24.com | IMF revises Zim’s growth forecasts upwards

Wednesday, 11 October 2017
The International Monetary Fund says Zimbabwe’s economy is now expected to grow by 2.8% - up from earlier projections of 2%.

Fin24.com | 50% of Zim companies plan to pay bonuses - survey

Wednesday, 11 October 2017
The current Zimbabwean bonus system, where companies pay bonuses because they are contractual, is likely to put more pressure on companies to reduce costs, say the authors of a new survey.

Fin24.com | Gigaba orders forensic audit of PIC

Wednesday, 11 October 2017
The finance minister has asked his deputy Sfiso Buthelezi to submit the audit's terms of reference to his office by October 23.

Fin24.com | Mkhize plays unity card in bid to become ANC leader

Wednesday, 11 October 2017
As the battle to succeed President Jacob Zuma as leader of the ANC grows increasingly bitter, Zweli Mkhize is positioning himself as the one candidate who can stop the party from splitting apart.

Fin24.com | 'My decision was correct' - energy mnister defends fuel fund appointment

Wednesday, 11 October 2017
Energy Minister Mmamoloko Kubayi has told Parliament she did "nothing illegal" in making Thabane Zulu the Strategic Fuel Fund's acting CEO, after MPs questioned the appointment.

Fin24.com | Kubayi hails gas as SA and globe's energy future

Wednesday, 11 October 2017
Government is going to remove all obstacles to speed up the development of a gas industry in South Africa, says Energy Minister Mmamoloko Kubayi.

Fin24.com | Sold fuel reserves still stored in SA tanks - Kubayi

Wednesday, 11 October 2017
Energy Minister Mmamoloko Kubayi has confirmed that the country's strategic fuel reserves - controversially sold off in late 2015 - are still stored in South African tanks.

Fin24.com | PIC looting concerns raise red flags for proposed state pension fund

Wednesday, 11 October 2017
Concerns that politicians view the Public Investment Corporation as a cash cow will loom large over discussions to establish an overarching pension fund for South Africa.

Fin24.com | Healthy global growth a win for emerging markets

Tuesday, 10 October 2017
Ten years after the start of the global financial crisis, the world economy is finally exhibiting sustainable synchronised growth, says Overberg Asset Management.