April 23, 2017

FIN 24 – Economy



FIN 24 – Economy

News from across the globe, including equities, currencies, commodities and bonds.

FIN 24, South Africa’s premier site for up-to-date business and finance news, stock market data, economic analysis, personal finance and investment information.

’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country.

Economy

The jurisdiction of South Africa’s competition authorities is being questioned by some of the banks implicated in an alleged foreign exchange cartel.
Posted: April 23, 2017, 7:59 am
Chris Malikane, Gigaba’s ­controversial new adviser, tells Hanlie Retief that he is not Finance Minister Malusi Gigaba’s battering ram that knocks down orthodox ­economists in Treasury.
Posted: April 23, 2017, 6:27 am
WorldRemit, a British money transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access payment platforms via mobile devices and as expatriates send cash home.
Posted: April 23, 2017, 5:30 am
In this extract from a new book by investigative journalist Pieter-Louis Myburgh, he lays bare the Gupta family’s and Duduzane Zuma’s investment in uranium mining – and how it coincides with the involvement of the Russian state-owned nuclear energy corporation Rosatom.
Posted: April 23, 2017, 5:04 am
It might be the second-smallest province in SA, but Mpumalanga is punching way above its weight when it comes to contributing to the country’s economy and potential economic development. The Industrial Development Corporation’s regional manager for the province, Mashweu Matsiela, explains.
Posted: April 23, 2017, 4:30 am
Deputy President Ramaphosa encourages black business on controversial law, but makes no clear commitments.
Posted: April 23, 2017, 4:00 am
Cyber-attacks against financial institutions are becoming increasingly significant risks, says Fitch Ratings.
Posted: April 22, 2017, 8:00 am
An improved inflationary outlook and the narrowing of the current account deficit helped the rand and markets to remain resilient despite turbulent events, says an economist.
Posted: April 21, 2017, 5:39 pm
Subdued GDP growth and a heavy debt burden weigh heavy on prospects for sub-Saharan countries to escape the growth trap.
Posted: April 21, 2017, 4:48 pm
The South African Transport and Allied Workers Union says it will consider the Road Accident Fund’s new salary increase offer.
Posted: April 21, 2017, 3:35 pm
New Finance Minister Malusi Gigaba should be given time to settle into the job before being judged on his performance, says SA Reserve Bank Governor Lesetja Kganyago.
Posted: April 21, 2017, 3:22 pm
Eskom has expressed shock and outrage over a leaked draft report about irregularities in its coal-supply contract with Gupta-owned Tegeta Exploration and Resources.
Posted: April 21, 2017, 1:43 pm
The total contribution of travel and tourism to the gross domestic product of SA was 9.3% and this is expected to grow by 2.5% to 9.4% of GDP in 2017.
Posted: April 21, 2017, 1:21 pm
US President Donald Trump has predicted the attack in Paris 'will have a big effect' on the French presidential election that begins this weekend.
Posted: April 21, 2017, 1:00 pm
Britain’s departure from the European Union sets a precedent. But not in the way you might think.
Posted: April 21, 2017, 12:41 pm
Eurozone economic momentum has accelerated to its fastest pace in six years, with France unexpectedly outperforming Germany in a strong start to the the second quarter.
Posted: April 21, 2017, 10:29 am
Sugar, milk and meat inflation could remain at relatively higher levels, according to agricultural economist Wandile Sihlobo.
Posted: April 21, 2017, 10:26 am
UK retail sales have recorded their largest decline in seven years in the first quarter as consumers felt the pinch from accelerating inflation.
Posted: April 21, 2017, 9:25 am
Nigeria’s economy, which contracted in 2016, performed better in the first three months of this year than during the previous three quarters on improved oil production and factory output.
Posted: April 21, 2017, 9:05 am
There's no word from President Jacob Zuma's office on why he still hasn't signed the FIC Bill into law, close to two months after it was passed by Parliament.
Posted: April 21, 2017, 7:48 am

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