May 26, 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

US consumer sentiment holding near post-election highs reflects an improved outlook on wages and indicates spending is poised to rebound, data shows.
Posted: May 26, 2017, 2:30 pm
Finance Minister Malusi Gigaba has been placed at the centre of efforts by President Jacob Zuma and his allies to raid state assets and reap billions from government contracts, in a study by leading academics.
Posted: May 26, 2017, 1:39 pm
A second straight month of stagnant orders for business equipment indicates investment in capital goods could slow, Commerce Department data shows.
Posted: May 26, 2017, 12:41 pm
Finance Minister Malusi Gigaba has told Parliament that he has not signed a nuclear deal with Russia.
Posted: May 26, 2017, 11:39 am
Donald Trump’s top economic adviser has acknowledged that the president said Germany is 'very bad' when it comes to flooding the US with autos.
Posted: May 26, 2017, 11:29 am
Eskom, which has about R350bn of debt financing and net debt of around R320bn, is expected to borrow about R50bn gross per year going forward, says an analyst.
Posted: May 26, 2017, 10:08 am
More UK millennials have tried to register to vote ahead of the June general election than before the Brexit referendum, a boost to Jeremy Corbyn’s opposition Labour Party.
Posted: May 26, 2017, 8:58 am
The holding of the repo rate at 7% by SARB brings relief to the real estate industry and allows potential buyers and current bond holders to plan with more certainty, says an insider.
Posted: May 26, 2017, 7:38 am
Twitter users were not impressed by former acting Eskom CEO Matshela Koko’s tweet that asked users who remembered a story that saw Ivan Pillay rehired at SARS after his retirement.
Posted: May 26, 2017, 5:09 am
Economic Development Minister Ebrahim Patel announced that government will look to create opportunities for workers to participate as shareholders in companies.
Posted: May 26, 2017, 4:00 am
SA’s Competition Act will undergo radical changes so that competition authorities can act against companies who perpetuate skewed ownership structures.
Posted: May 25, 2017, 7:12 pm
Eskom says it feels vindicated after a court has dismissed applications by AfriForum and other businesses over the power utility’s scheduled electricity interruption.
Posted: May 25, 2017, 6:29 pm
SARB governor Lesetja Kganyago says economic growth projections have been revised down due to political tensions which have sparked growth risks.
Posted: May 25, 2017, 5:51 pm
SA Reserve Bank governor Lesetja Kganyago has announced the repo rate stays unchanged at 7%.
Posted: May 25, 2017, 4:45 pm
Deputy Minister of Public Enterprises Ben Martins has spoken out about allegations of the Guptas' involvement at state-owned enterprises and the dilemma of Brian Molefe's return as CEO at Eskom.
Posted: May 25, 2017, 3:21 pm
Recent shenanigans at Eskom demonstrate that public resources are being wasted and people are being left in the cold, says former president Kgalema Motlanthe.
Posted: May 25, 2017, 1:53 pm
US jobless-benefit claims are hovering near levels that continue to reflect a strong labour market, with figures little changed.
Posted: May 25, 2017, 1:35 pm
The MPC has decided to keep the repurchase rate unchanged at 7% per annum, SARB Governor Lesetja Kganyago has announced.
Posted: May 25, 2017, 1:29 pm
"I am a loyal member of the ANC and I subject myself to the wisdom of the party leadership." This is how Public Enterprises Minister Lynne Brown responded to a request for comment.
Posted: May 25, 2017, 12:59 pm
Gambian officials are holding talks with Chinese and Norwegian investors on infrastructure projects to drive economic growth in the West African nation.
Posted: May 25, 2017, 10:25 am

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