Fin24 Economy

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Updated: 30 min 23 sec ago

Fin24.com | Iran smuggles in $1bn to skirt sanctions

Tuesday, 24 February 2015
At least $1bn in cash has been smuggled into Iran as it seeks to avoid Western sanctions, a bigger figure than previously reported.

Fin24.com | E-tolls won't be scrapped - Makhura's office

Tuesday, 24 February 2015
The office of Gauteng premier David Makhura has denied a report in the Sowetan stating that Makhura announced the e-tolling system in the province would be scrapped.

Fin24.com | Lack of spending cuts implies new, more taxes

Tuesday, 24 February 2015
Since no firm proposals for cutting spending have been tabled, it implies that new and additional taxes would be raised, warns an expert.

Fin24.com | Greece gets bailout extension

Tuesday, 24 February 2015
A lot of work lies ahead for Greece, after eurozone finance ministers endorsed a bailout extension, officials warn.

Fin24.com | Load shedding risk high - Eskom

Tuesday, 24 February 2015
There was a high risk of rolling blackouts due to a "very constrained" power system, Eskom says.

Fin24.com | Sub-divide Eskom, DA urges

Tuesday, 24 February 2015
Finance minister Nhlanhla Nene should stop giving further financial lifelines to Eskom and restructure the embattled electricity provider, the DA says.

Fin24.com | German law quotas for women to reach an end

Tuesday, 24 February 2015
A controversial German law that seeks female representation in boards of large firms, which has been in development for years, has reached its final stages.

Fin24.com | Greece makes more concessions to eurozone

Tuesday, 24 February 2015
Greece's new leftist-led government has climbed down further to eurozone creditors on its plans to halt privatisations, boost welfare and raise the minimum wage.

Fin24.com | Foreigners with farms over 12 000ha must sell

Tuesday, 24 February 2015
Foreigners who own land above the 12 000 hectares cap will need to sell any excess farmland, says Minister of Rural Development and Land Affairs Gugile Nkwinti.

Fin24.com | JHB’s smart meter plan could ease load shedding

Tuesday, 24 February 2015
City Power will implement the “time of use” tariff system to reduce pressure on the grid in Johannesburg and pass on savings to residential customers.

Fin24.com | Cuban cigar maker eyes gain in US market

Tuesday, 24 February 2015
Cuban cigar-maker Habanos envisions gaining 25% to 30% of the US premium cigar market if the United States lifts its trade embargo on Cuba.

Fin24.com | France seeks to delay deficit target until 2018

Tuesday, 24 February 2015
France wants to delay a target for bringing its budget deficit below 3% of growth domestic product by three years until 2018.

Fin24.com | Surprise growth spurt in SA economy

Tuesday, 24 February 2015
The SA economy has outperformed forecasts, recording an annualised 4.1% quarter-on-quarter growth at the end of 2014, latest figures show.

Fin24.com | State to move fast on land bill - minister

Tuesday, 24 February 2015
Government’s 50/50 policy framework - where workers would take ownership of half of farms - is to be implemented immediately, says the land affairs minister.

Fin24.com | Nigeria will call emergency Opec meeting

Tuesday, 24 February 2015
Nigeria will call an extraordinary meeting of Opec if crude oil prices slip any further, in a sign of growing alarm over the impact of oil's collapse on oil

Fin24.com | Mothball e-tolls, urges Outa

Tuesday, 24 February 2015
Despite the welcome openness shown by Gauteng's premier, nothing short of a decision to mothball e-tolls will restore trust between the public and Sanral, says Outa.

Fin24.com | Germany's IG Metall union agrees 3.4% wage rise

Tuesday, 24 February 2015
Germany's biggest trade union, IG Metall, has agreed to a 3.4% wage increase for one year for the southwest region plus a one-off payment of €150.

Fin24.com | Israel begins power cuts over Palestine debt

Tuesday, 24 February 2015
Israel's state-owned electric company has briefly cut power to two Palestinian cities to press for payment of what it said was $492m owed.

Fin24.com | Namibia still waiting for Zuma's promised R100m

Tuesday, 24 February 2015
Namibia is still waiting for R100m drought relief promised by President Jacob Zuma during his state visit in November 2013.

Fin24.com | Cope disappointed with Gauteng e-tolls move

Tuesday, 24 February 2015
Cope says it is shocked that Gauteng premier David Makhura has not scrapped the much-opposed e-tolling system.

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