Fin24 Economy

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Updated: 4 hours 8 min ago

Fin24.com | Why Brown chose Molefe to lead Eskom

Friday, 17 April 2015
Public Enterprises Minister Lynne Brown sheds light on why she asked Transnet CEO Brian Molefe to assume responsibility as Eskom's acting CEO.

Fin24.com | UK unemployment rate at multi-year low

Friday, 17 April 2015
Britain's economy has created the largest number of new jobs in nearly a year and unemployment hit its lowest rate since mid-2008.

Fin24.com | China's incredible shrinking factory

Friday, 17 April 2015
Taiwanese light manufacturer has winnowed its workforce to just 200 and leased most of its space to other firms such as lamp workshops, a mobile phone maker.

Fin24.com | Radebe: Xenophobic violence hitting economy

Friday, 17 April 2015
Attacks on foreigners in SA may have dire consequences for South Africans operating businesses elsewhere in Africa, warns Minister in the Presidency Jeff Radebe.

Fin24.com | Transnet CEO Brian Molefe now acting CEO of Eskom

Friday, 17 April 2015
Public Enterprises Minister Lynne Brown has appointed Brian Molefe as the acting Eskom CEO and announced that Dentons would conduct the inquiry into the state utility.

Fin24.com | Eskom adds stage 4 to load shedding schedule

Friday, 17 April 2015
South Africans could soon experience their first-ever stage 4 load shedding, after Eskom confirmed that the stage allocation would be altered.

Fin24.com | Nene: Public sector wage demands will cost R20bn

Friday, 17 April 2015
Wage demands by public sector unions would cost the government an extra R20bn, says Finance Minister Nhlanhla Nene, as workers threaten mass protests.

Fin24.com | Zim needs $5bn to generate 3 500MW electricity

Friday, 17 April 2015
Zimbabwe plans to build new power stations to generate 3 500 megawatts at a cost of $5bn, in a bid to end chronic power cuts that have damaged the economy.

Fin24.com | Eskom's R23bn fundraising plan questioned

Friday, 17 April 2015
SA is yet to appoint banks to manage state asset sales needed to fund its power utility, bringing into question a statement that almost R23bn will be raised within a “couple of weeks”.

Fin24.com | 'Chicken war' to be over soon - Davies

Friday, 17 April 2015
Department of Trade and Industry minister Rob Davies has assured an audience in Washington that a settlement on the contentious ‘chicken issue’ is on the horizon.

Fin24.com | Germany should cut taxes, say economic bodies

Friday, 17 April 2015
Germany should use its strong fiscal position to lower taxes, leading German, Swiss and Austrian economic institutes say.

Fin24.com | SA's cosmopolitan cities need foreigners

Friday, 17 April 2015
We must cherish global openness as the state gets to grips with xenophobics, says Mzwandile Jacks.

Fin24.com | Stage 2 load shedding to kick in at 10am

Friday, 17 April 2015
Load shedding and curtailment will move from stage 1 to stage 2 at 10:00, which is expected to continue until 22:00, due to a further shortage of generation capacity.

Fin24.com | BRICS set to name Bank's leaders by month-end

Friday, 17 April 2015
The governments of the BRICS nations have agreed to name representatives to their $50bn development bank by end-April, according to an official.

Fin24.com | Eskom resumes load shedding at 6am

Friday, 17 April 2015
Eskom will resume power cuts for the sixth day in a row when it starts implementing stage 1 load shedding from 06:00 on Friday morning.

Fin24.com | Why some people never get load shed

Thursday, 16 April 2015
A city councillor has shed light on this heavy load for burdened consumers who often have power outages longer than the schedule indicates.

Fin24.com | South Africans learn to laugh at load shedding

Thursday, 16 April 2015
Facing a long, cold winter of power cuts, many South Africans are choosing to cope with their frustrations by seeing the lighter side of life in the dark.

Fin24.com | Wind energy to give communities a R10bn boost

Thursday, 16 April 2015
The contribution of wind energy to local community development will double to over R10bn over the next 20 years, according to an industry expert.

Fin24.com | Eskom pushes SA into stage 2 load shedding

Thursday, 16 April 2015
Eskom will move SA from stage 1 to stage 2 load shedding at 18:00, which is expected to continue until 22:00 due to a further shortage of generation capacity.

Fin24.com | Swiss winemakers toast Russian crisis

Thursday, 16 April 2015
For Swiss winemakers, a drop in the rouble has opened up new possibilities for a Russian venture they once doubted would get off the ground.

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