July 20, 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

Reserve Bank Governor Lesetja Kganyago said that the MPC was not pressured to introduce a rate cut, saying that the bank remains credible.
Posted: July 20, 2017, 2:36 pm
SA Reserve Bank governor Lesetja Kganyago has announced that the Monetary Policy Committee has decided to cut interest rates.
Posted: July 20, 2017, 2:30 pm
DA leader Mmusi Maimane has likened what he calls the capture of the treasury to a football game, accusing the ANC of kicking the treasure back and forth for control for the purposes of the controversial Gupta family.
Posted: July 20, 2017, 2:26 pm
SA Reserve Bank Governor Lesetja Kganyago's speech following the Monetory Policy Committee meeting, where they decided to cut interest rates by 0.25% to 6.25%.
Posted: July 20, 2017, 2:18 pm
Filings for US unemployment benefits have fallen to the lowest since early May, reflecting growing demand for workers in a tight job market.
Posted: July 20, 2017, 1:15 pm
UK Prime Minister Theresa May will be urged to do more to reassure businesses about her Brexit plans, as she begins her first serious consultation with companies.
Posted: July 20, 2017, 12:06 pm
SA remains unique in that the crisis it faces following the credit rating downgrades is not as deep as elsewhere, says economist Lesiba Mothata.
Posted: July 20, 2017, 10:00 am
UK retailers have received a summer boost as sweltering temperatures spurred sales of clothing.
Posted: July 20, 2017, 9:00 am
The Bank of Japan’s determination to press on with its unprecedented monetary stimulus leaves it out of step with developed world peers.
Posted: July 20, 2017, 8:30 am
An analyst shares four reasons why the SA Reserve Bank's Monetary Policy Committee should consider a rate cut.
Posted: July 20, 2017, 7:43 am
Eskom believes its financial results promise a bright future. But inside its financials lies a warning that a storm is approaching.
Posted: July 20, 2017, 5:49 am
Economists are of the view that the Reserve Bank will likely hold off introducing rate cuts at the next monetary policy committee announcement, despite easing inflation.
Posted: July 20, 2017, 4:01 am
After a tough month fighting off attacks on its mandate, the SA Reserve Bank will revert to its day job of trying to fulfill it - probably by holding off on a rate cut.
Posted: July 19, 2017, 5:52 pm
The latest retail sales data was above market expectations.
Posted: July 19, 2017, 5:30 pm
BMI Research, a Fitch Group company, has revised down South Africa’s growth forecast from 1% to 0.7%.
Posted: July 19, 2017, 5:15 pm
Cash-strapped Eskom’s bonus bill to staff members jumped from R2.1bn in 2016 to R4.2bn in 2017, with the highest windfall going to former CEO Brian Molefe.
Posted: July 19, 2017, 4:36 pm
South Africans are paying 13% more for meat than they were a year ago, said an economist.
Posted: July 19, 2017, 3:32 pm
The business sector in South Africa must learn the lesson that they should not play a role in the ANC, but rather in civil society, says political analyst Justice Malala.
Posted: July 19, 2017, 2:29 pm
President Donald Trump is now more likely than ever to end his first year in office without a single major legislative accomplishment.
Posted: July 19, 2017, 1:30 pm
Residential construction has ended the second quarter on a stronger note as groundbreaking on new homes rebounded at the fastest clip in four months.
Posted: July 19, 2017, 1:00 pm

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