Fin24 Economy

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Updated: 8 hours 16 min ago

Fin24.com | IMF says Nigeria heading into recession

Tuesday, 19 July 2016
The IMF has slashed its growth forecast for the Nigerian economy this year, saying a combination of plunging oil revenues and weakened investor confidence will push it into recession.

Fin24.com | The case for nuclear energy

Tuesday, 19 July 2016
Experts at the PowerGen and DistribuTech Africa 2016 conference, make their case for, and against, nuclear energy.

Fin24.com | No load shedding for the foreseeable future - Eskom

Tuesday, 19 July 2016
There will be no load shedding for the remainder of winter and possibly until March 2017, says Eskom chief executive Brian Molefe.

Fin24.com | IMF downgrades sub-Saharan growth rates

Tuesday, 19 July 2016
The IMF has downgraded the 2016 economic growth rates in sub-Saharan Africa by 1.4 percentage points to 1.6%, according to a report.

Fin24.com | UK faces slowest growth since 2012 after Brexit vote

Tuesday, 19 July 2016
The International Monetary Fund has slashed its UK outlook after the Brexit vote and forecast the economy will grow at its weakest pace since 2012 next year.

Fin24.com | Eskom expects increase in export sales

Tuesday, 19 July 2016
Eskom expects a significant increase in export sales in the near future, according to its chief financial officer.

Fin24.com | SA GDP growth too slow to improve conditions - IMF

Tuesday, 19 July 2016
Economic growth in SA is too slow to improve living standards in a country where a third of the population is excluded from the economy, says the International Monetary Fund.

Fin24.com | Eskom to respond to Numsa's demands within seven days

Tuesday, 19 July 2016
Eskom says it will respond to demands tabled by union Numsa - among them a R5 000 housing allowance and a salary hike of at least 20% - within a week.

Fin24.com | Eurozone lending conditions eased before Brexit: ECB

Tuesday, 19 July 2016
The European Central Bank says lending conditions in the eurozone have improved, signalling the economy was picking up until the UK cast a cloud over recovery.

Fin24.com | SA accounts for 82% of sub-Saharan overseas acquisitions

Tuesday, 19 July 2016
SA’s overseas acquisitions accounted for 82% of sub-Saharan African outbound mergers and acquisitions activity in the first half of 2016, says Thomson Reuters.

Fin24.com | Sarb likely to hold rates same this time - Nedbank

Monday, 18 July 2016
The SA Reserve Bank is expected to hold the repo rate unchanged this time, in the view of Nedbank's Corporate and Investment Banking unit.

Fin24.com | MeerKAT paves way for mega science economy

Monday, 18 July 2016
Science and astro tourism will soon be the 21st century economic driver in South Africa, says Economic Development Minister Ebrahim Patel.

Fin24.com | May to visit Merkel for talks on UK’s post-Brexit place

Monday, 18 July 2016
UK Prime Minister Theresa May will visit German Chancellor Angela Merkel as she makes the case for Britain remaining a powerful player in the world after a Brexit vote.

Fin24.com | SA industries taking strain in low growth environment

Monday, 18 July 2016
With economic growth predicted at its lowest levels since 2009, various industries in SA are showing strain with turnover declining by 5.1% in the first quarter of 2016.

Fin24.com | VAT fraudster's R250m loot could've fed 714 000 kids for a month

Monday, 18 July 2016
The R250m fraudster Johan van Staden stole from Sars could have funded 2 100 primary school teachers and fed 714 000 children for a month, a court has heard.

Fin24.com | Only a strike will move Eskom - Numsa official

Monday, 18 July 2016
If Eskom does not meet demands set by Numsa workers, the union may go ahead with a strike, says an electricity sector coordinator for Numsa.

Fin24.com | Nigeria inflation 16.5% in June, highest in almost 11yrs

Monday, 18 July 2016
Nigerian inflation has accelerated to the highest rate in almost 11 years in June, as the economy is at risk of contracting this year.

Fin24.com | Numsa to picket at Eskom offices for 'better living wage'

Monday, 18 July 2016
Numsa members at Eskom plan to picket outside the power utility's head office to demand a 'substantial' wage hike as well as a housing allowance increase.

Fin24.com | Bill Gates: Africa’s youth can change the future

Monday, 18 July 2016
If Africa’s tech-savvy youth are given their basic needs it will enable them to change the future, says Microsoft founder and billionaire philanthropist Bill Gates.

Fin24.com | Expat or immigrant? How South Africans in UK see themselves

Monday, 18 July 2016
It is too soon to tell how Brexit may impact immigration trends, but a slowdown in the economy could trigger an exodus from the country.

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