Fin24 Economy

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Updated: 7 hours 30 min ago

Fin24.com | Secret ballot announcement a 'surprise' - analysts

Monday, 07 August 2017
Analysts were caught by surprise when Parliament's Speaker Baleka Mbete announced the vote of no confidence in President Jacob Zuma will be by secret ballot.

Fin24.com | Ex-SA spin doctor ‘punished for snubbing the Guptas’ joins BLSA

Monday, 07 August 2017
Former GCIS CEO Themba Maseko has been appointed director of communications at Business Leadership South Africa.

Fin24.com | Jobs - not grants - only way out of poverty, says Pali Lehohla

Monday, 07 August 2017
Poverty can’t be resolved by social grants, but only when people are productive and working, says statistician general Pali Lehohla.

Fin24.com | UK economy takes a hit as consumer spending slumps further

Monday, 07 August 2017
UK consumers have cut back on spending for a third month in July as house-price growth slowed sharply, dealing yet another blow to the economy.

Fin24.com | Call for corruption probe 23 years after 280 Midrand workers axed

Monday, 07 August 2017
A "scathing" memorandum recommends an investigation into “the probable misappropriation” of pension fund money owing to 280 Midrand municipality workers who were fired 23 years ago.

Fin24.com | Think twice before becoming non-SA tax resident to avoid double tax - expert

Monday, 07 August 2017
The move to scrap the tax exemption for South Africans abroad has been slammed as “totally unjust" and “achingly regressive” by the CEO of deVere Group.

Fin24.com | Hong Kong housing burden grows even heavier as home prices soar

Monday, 07 August 2017
Living in the world’s most-expensive property market means having to set aside more than half your income as mortgage payments.

Fin24.com | SA gold and forex reserves drop to $46.7bn

Monday, 07 August 2017
South Africa's official gross gold and foreign exchange reserves decreased by $606m to $46.7bn in July, while the international liquidity position increased by $179m to $42.4bn

Fin24.com | Youth vulnerable as unemployment stays at highest rate since 2003

Monday, 07 August 2017
Unemployment in the second quarter of 2017 stayed steady at 27.7% from the previous quarter, the highest figure since September 2003, says Statistics South Africa.

Fin24.com | Globalisation thrives in Asia as export revival buoys growth

Monday, 07 August 2017
For all the talk of globalisation’s retreat amid the mercantilist rhetoric of Donald Trump, it’s proving to be a very different story in Asia.

Fin24.com | Cape Town takes govt to court in bid to buy electricity from IPPs

Monday, 07 August 2017
Energy Minister Mmamoloko Kubayi has confirmed that the Department of Energy and Nersa have been served with court papers by the City of Cape Town demanding the right of the city to purchase electricity from independent power producers.

Fin24.com | Why no confidence vote will fail regardless - economist

Sunday, 06 August 2017
The no confidence motion in President Jacob Zuma will fail regardless of whether it is a secret vote or not, according to an emerging markets economist.

Fin24.com | UK prepared to pay 40bn-euro Brexit bill - report

Sunday, 06 August 2017
Britain is prepared to pay up to $47.1bn to the European Union to settle its accounts when it leaves the bloc, reports the Sunday Telegraph.

Fin24.com | Angolan leader opens nation's largest hydro plant

Sunday, 06 August 2017
Angolan President Jose Eduardo dos Santos, who steps down from office at the end of this month, has officially opened the country's largest hydro-electric dam.

Fin24.com | Sibanye Gold job losses could total 10 200 - union

Sunday, 06 August 2017
Trade union Solidarity has joined the chorus of those expressing shock and disappointed at the jobs bloodbath expected in the mining industry.

Fin24.com | Were Eskom cleaning contracts rigged?

Sunday, 06 August 2017
Contracts worth millions of rands awarded by power utility Eskom in KwaZulu-Natal have been questioned by insiders and losing bidders.

Fin24.com | Gorgeous Gorge

Sunday, 06 August 2017
Visitors will get a 360-degree view of the Graskop Gorge from the new glass lift.

Fin24.com | Why firms are hoarding R1.4trn

Sunday, 06 August 2017
New research suggests that there is lots of investable money on the table to fund growth and development in South Africa, but large companies are not spending it here.

Fin24.com | Winning Women: Cracking the HIV code

Sunday, 06 August 2017
One of the happiest moments for Dr Glenda Gray, in a life packed with awards and plaudits for her research and extraordinary courage, came recently when a mother showed her a picture of her 21-year-old child, and said: “He is alive.”.

Fin24.com | SAA answers tough questions on negative cash position

Sunday, 06 August 2017
SAA executives as well as the Minister of Finance have given feedback in Parliament on the airline's performance and turnaround plans.