Fin24 Economy

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Updated: 6 hours 4 min ago

Fin24.com | Zwane reveals final Mining Charter, despite mining boycott

Thursday, 15 June 2017
The new and final Mining Charter revealed by Mineral Resources Minister Mosebenzi Zwane increases the level of black ownership at mining companies from 26% to 30%.

Fin24.com | UK retail sales fall more than forecast

Thursday, 15 June 2017
UK retail sales have plunged in May for the second time in three months as rising inflation ate into the purchasing power of consumers.

Fin24.com | 'Exorbitant pricing' of Quantum at centre of taxi strike

Thursday, 15 June 2017
The increasing price of owning a taxi is at the centre of the taxi strike that has crippled transport across Gauteng.

Fin24.com | Ghana at risk of debt distress as bond planned - IMF

Thursday, 15 June 2017
The International Monetary Fund says Ghana remains at a high risk of debt distress as the West African nation plans to clear arrears owed by energy utilities.

Fin24.com | Tyre wars intensify as Redisa takes on Molewa

Thursday, 15 June 2017
South Africa’s recycling tyre warfare has escalated, with Redisa saying it will fight a liquidation order.

Fin24.com | Ramaphosa: ANC has wise men and women to take SA forward

Thursday, 15 June 2017
Deputy President Cyril Ramaphosa says that the ANC-led government follows a process to institutionalise good leadership, but would not be drawn on to comment on President Jacob Zuma's leadership.

Fin24.com | Eskom inquiries could keep out-of-job Ngubane busy

Wednesday, 14 June 2017
Outgoing Eskom chairperson Ben Ngubane might find his new free time is cut short, if he truly intends being a “part of the team that will answer to everything”.

Fin24.com | CEOs agree to work with Gigaba, but want state capture inquiry

Wednesday, 14 June 2017
The CEO Initiative have met with Finance Minister Malusi Gigaba, where they committed to work with government and labour to save the economy.

Fin24.com | Fed hikes US rates despite inflation fears

Wednesday, 14 June 2017
Federal Reserve officials have forged ahead with an interest rate increase and additional plans to tighten monetary policy despite growing concerns over weak inflation.

Fin24.com | Ramaphosa slams GM's short notice SA exit

Wednesday, 14 June 2017
Deputy President Cyril Ramaphosa says General Motors' sudden decision to leave South Africa does not sit well with government.

Fin24.com | Pensions not being used to bail out SOEs - Ramaphosa

Wednesday, 14 June 2017
Deputy President Cyril Ramaphosa says that concerns that pensioners' money is being used to bail out SOEs are unfounded.

Fin24.com | Brown: Corruption allegations at SOEs must be probed

Wednesday, 14 June 2017
Allegations of corruption at some state-owned enterprises must be investigated appropriately where needed, says Minister of Public Enterprises Lynne Brown.

Fin24.com | Tapping into SA's 'golden' creative opportunity

Wednesday, 14 June 2017
The creative economy is South Africa’s untapped "golden economy" – something the Mzansi Golden Economy strategy emphasises.

Fin24.com | Negative impact of downgrades starting to show - index

Wednesday, 14 June 2017
The negative impact of the sovereign credit rating downgrades has started to take effect on the economy, according to an economic transaction index.

Fin24.com | Trade expectations deteriorate as economic worries sink in - index

Wednesday, 14 June 2017
Those involved in trade in SA worry about a number of factors, according to the latest Trade Activity Index (TAI) of the SA Chamber of Commerce and Industry.

Fin24.com | Zuma consulting legal advisers to start state capture inquiry - Ramaphosa

Wednesday, 14 June 2017
President Jacob Zuma is currently consulting with legal advisors to fix the terms of reference of a commission of inquiry into state capture, according to Deputy President Cyril Ramaphosa.

Fin24.com | SA business confidence tanks

Wednesday, 14 June 2017
A sharp deterioration in business sentiment reflects more than just the impact of increased political uncertainty, according to a business confidence Index.

Fin24.com | Drop in US retail sales signals uneven consumer spending

Wednesday, 14 June 2017
US retail sales have fallen in May by the most since the start of 2016, reflecting broad declines in categories including motor vehicles and electronics.

Fin24.com | Slowdown in US consumer inflation may sow Fed doubt on prices

Wednesday, 14 June 2017
A greater-than-expected deceleration in US consumer-price inflation in May could give some pause to Federal Reserve officials as they consider further rate hikes.

Fin24.com | Eskom makes do with 2.2% tariff increase – Singh

Wednesday, 14 June 2017
Eskom CFO Anoj Singh estimates it will take around seven years for the power utility to reach financial stability, depending on the tariff hikes granted and cost-saving initiatives.