Fin24 Economy

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Updated: 2 hours 35 min ago

Fin24.com | Molefe under 'more pressure than before' after failed appeal bid

Tuesday, 17 April 2018
Embattled former Eskom CEO Brian Molefe faces a new challenge after the High Court rejected his application to appeal a decision forcing him to pay back part of his R30m pension windfall

Fin24.com | Molefe loses court bid to appeal pay back pension ruling

Tuesday, 17 April 2018
The North Gauteng High Court has dismissed an application by former Eskom CEO Brian Molefe for leave to appeal a ruling that he pay back the part of his pension payout he already received.

Fin24.com | Nzimande touts the idea of a Sanral for SADC region

Tuesday, 17 April 2018
A Sanral for the Southern African Development Community could help support development and economic integration in the region, says Transport Minister Blade Nzimande.

Fin24.com | Those who can afford to pay for toll roads, must pay, says Blade Nzimande

Tuesday, 17 April 2018
The funding of road infrastructure development for the next 15 to 20 years worries Transport Minister Blade Nzimande, the portfolio committee on transport has heard.

Fin24.com | Ramaphosa kickstarts R1.2trn investor promise at Commonwealth summit

Tuesday, 17 April 2018
Ramaphosa is leading South Africa’s delegation to the 53-member Commonwealth Heads of Government Meeting taking place in the UK.

Fin24.com | Eskom says coal supply problems linked to Tegeta

Tuesday, 17 April 2018
The power utility is working with the National Treasury to source more coal for seven of its plants that don’t have adequate supply.

Fin24.com | Meet Trudi Makhaya, Ramaphosa's new economic adviser

Tuesday, 17 April 2018
Economist Trudi Makhaya, a Rhodes scholar, consultant and the CEO of Makhaya Advisory, will oversee the work of the four special envoys on investment tasked with selling SA Inc to investors.

Fin24.com | Court to hear Molefe's application for leave to appeal pension ruling

Tuesday, 17 April 2018
The North Gauteng High Court is set to hear an application by former Eskom CEO Brian Molefe to appeal a judgment that ordered him to pay back part of the pension he received from the power utility

Fin24.com | SARS, NPA to go after taxpayers with outstanding returns

Monday, 16 April 2018
SARS has embarked on a new initiative with the National Prosecuting Authority to prosecute non-compliant taxpayers who have failed to submit returns.

Fin24.com | Ramaphosa announces R1.2 trillion investment drive

Monday, 16 April 2018
The president also named four special economic envoys are set to travel the world creating buzz around economic opportunities in South Africa, as well as his new economic adviser.

Fin24.com | Mark Lamberti quits Business Leadership SA

Monday, 16 April 2018
This follows his resignation from the board of Eskom after a high court ruled against him in a case where former employee Adila Chowan accused him and Associated Motor Holdings of race and gender discrimination.

Fin24.com | DA calls for each sector to have its own minimum wage

Monday, 16 April 2018
The Democratic Alliance says a one-size-fits-all approach to the implementation of a national minimum wage will lead to job losses.

Fin24.com | Top 5 on Fin24: SARS, NPA to go after taxpayers with outstanding returns, petrol price hike seen

Monday, 16 April 2018
A roundup of Monday's top economic and finance reads on Fin24.

Fin24.com | US retail sales rebound in sign consumer weakness transitory

Monday, 16 April 2018
US retail sales have risen by more than expected in March in the first gain in three months, suggesting consumer demand regained steam on the back of tax cuts.

Fin24.com | SA motorists to cough up for oil price spike - AA

Monday, 16 April 2018
South African motorists can expect sharp increases in fuel prices at the end of April, warns the Automobile Association.

Fin24.com | Billionaire Agarwal hires AngloGold's CEO to run Vedanta

Monday, 16 April 2018
AngloGold's Srinivasan Venkatakrishnan, who takes over from interim CEO Kuldip Kaura, will leave the mining group in late August to join Vedanta.

Fin24.com | Cosatu rejects above-inflation tariff hikes to bail out ‘drug addict’ Eskom

Monday, 16 April 2018
Cosatu is calling for inflation-based tariff hikes for electricity, the reinstatement of an Eskom war room and the development of a sustainable development plan for the state-owned power utility.

Fin24.com | Signs of renewed expat, foreigner interest in SA housing market

Monday, 16 April 2018
Due to improved sentiment, it would not be surprising to see an increasing demand for SA residential property among foreigners and SA expats, says FNB household and property sector strategist John Loos.

Fin24.com | Russia faces fresh sanctions for Syria chemical attack, says US ambassador

Monday, 16 April 2018
The US is set to announce fresh sanctions on Russia related to its involvement in Syria’s use of chemical weapons, according to its UN Ambassador Nikki Haley.

Fin24.com | Expect average pay increases of 3% or less in 2018

Monday, 16 April 2018
A one-size-fits-all approach in allocating increases doesn’t tend to be very motivating to employees, according to a report on best compensation practices.