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Economy

ECONOMIC WEEK AHEAD: Jobs survey will be a barometer

Finance Minister Pravin Gordhan. Picture: THE TIMES

Economists strongly doubt employers have created more jobs in the second quarter as growth slows, writes Ntsakisi Maswanganyi

Opinion & Analysis

Weight of research demolishes the arguments against a minimum wage

Rather than resulting in unemployment, some studies find that US states that raised their minimum wage had greater job growth. Picture: REUTERS

A minimum wage is a solid and effective tool that has direct and indirect benefits, writes Stephanie Luce

Business

‘Twin peaks bill’ gets good response from banking interests

HUNDREDS OF COMMENTS: The informally named twin peaks bill will go back to Parliament in August. Organisations representing the banks and savers have already expressed their views on the bill. Picture: THE TIMES

Banking Association SA submits more than 100 comments on the bill and expresses concerns about the proposed legislation’s wording

Energy

Eskom decision alarms market

Electricity pylons at an Eskom coal-burning power station near Sasolburg. Picture: REUTERS/SIPHIWE SIBEKO

The effect of a freeze on energy-buying is seen as a devastating move likely to discourage private sector investment

Economy

Reserve Bank slashes growth forecast

ONE VOICE: Reserve Bank governor Lesetja Kganyago delivers his monetary policy speech in Pretoria on Thursday. The monetary policy committee’s decision to keep interest rates on hold was unusually unanimous. Picture: FREDDY MAVUNDA

The zero-growth forecast is worse than IMF’s and could increase the chance of a downgrade in SA’s credit ratings

Business

‘Twin peaks bill’ gets good response from banking interests

HUNDREDS OF COMMENTS: The informally named twin peaks bill will go back to Parliament in August. Organisations representing the banks and savers have already expressed their views on the bill. Picture: THE TIMES

Banking Association SA submits more than 100 comments on the bill and expresses concerns about the proposed legislation’s wording

Opinion & Analysis

Bank failed nation with blanket rates hikes

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

The South African economy deserved a very different narrative from the Reserve Bank on rates and the forces driving prices higher, writes Brian Kantor

The government’s response to Eskom’s bullying has been startling. Energy Minister Joemat-Pettersson and Public Enterprises Minister Lynne Brown have said absolutely nothing. Picture: REUTERS

EDITORIAL: State must flick Eskom’s switch

Cutting private power is a policy decision that will put all renewable-energy gains in jeopardy

Economy

Reserve Bank leaves interest rates unchanged, forecasts zero growth

Lesetja Kganyago.  Picture: PUXLEY MAKGATHO

As was widely expected, the Bank’s monetary policy committee has stayed its hand as growth sputters and inflation stabilises

Industrials

June sees first year on year increase in local steel production for 2016

FIERY:  Chinese steel mills have ramped up production to take advantage of a spurt higher in prices that has given them the best profits this decade. However, output  remaining at such elevated levels definitely adds to oversupply risks on the global market. according to an analyst. Picture: REUTERS

South African steel production rises 6.9% year on year in June to 545,000 tons, according to World Steel Association

Opinion

STRAIGHT TALK: The dirty business of cheating

Mark Barnes argues cheating is crooked, but what about if you’re breaking the rules because you think they’re wrong?

Opinion

THICK END OF THE WEDGE: IMF executive’s lecture a warning to change course

The lecture IMF deputy MD David Lipton delivers is a warning and a supplication. Change or die

Economy

Rate hiking cycle seen to end soon without any cuts made

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

Consensus among economists is the Reserve Bank’s monetary policy committee will keep rates on hold

Economy

Treasury simplifies tax amnesty draft

Pravin Gordhan. Picture: THE TIMES

The amnesty comes ahead of the implementation in September 2017 of a new global agreement on sharing revenue information

Opinion

ON THE MONEY: Road to IMF intervention beckons

The return of the IMF in Africa could well reach its southern extreme, writes Stuart Theobald

Opinion

Unemployment not just a problem of growth

It is time to do away with simple notions of growth and look closer at the critical nuances

Opinion & Analysis

SA’s power lies in breaking up Eskom’s monopoly model

Picture: REUTERS/SIPHIWE SIBEKO

SA needs a separate state-owned electricity market and transmission operator, writes Anton Eberhard

Business

Give competition authorities more resources to probe cartels: IMF

David Lipton. Picture: GALLO IMAGES/YUNUS MOHAMED

International Monetary Fund deputy MD David Lipton says more funds should be allocated to probe cartels stymieing competition and blocking prosperity in SA

Mining

Amplats nearly doubles sales volumes in June quarter

Amplats warns headline earnings for the six months to June are expected to fall 50%-70% to R745m-R1.24bn. Picture: SUNDAY TIMES

Refined platinum production nearly tripled from the previous quarter as it worked through backlogs caused by planned stocktaking and safety stoppages

GO SHOPPING: Higher retail sales were driven by general dealers and retailers in textiles, clothing, footwear, and leather goods. These retailers normally sell cheaper goods, which consumers can still afford. Picture: THE TIMES

Retailers defy economic gloom

The economy on track to avoid recession in the first half of 2016 by the narrowest of margins

Retail & Consumer

Consumer inflation remains outside Reserve Bank target ahead of rates call

Picture: THINKSTOCK

Statistics SA’s latest CPI report shows inflation accelerated in June, snapping a three-month slowdown

Economy

WATCH: How SA painted itself into a corner

Picture: SUPPLIED

Peter Bruce and his panel of editors discuss SA’s failure to understand the importance of an inclusive economy

Economy

Inclusive economy will lift SA, say IMF

The IMF’s deputy MD is forthright on effects of ‘anticompetitive behaviours’

Economy

Exclude SMMEs from collective bargaining to create more jobs — IMF

Boosting economic and inclusive growth and tackling corruption among key issues IMF has highlighted in recommendations on SA

Economy

Corruption stunting reforms in SA, says IMF’s Lipton

David Lipton. Picture: GALLO IMAGES/YUNUS MOHAMED

Cutting taxes and increasing government spending will not solve the problem of sluggish growth in SA, says International Monetary Fund

Opinion

Pro-market miracle is not out of our reach

Dear Rob Davies: The record shows prosperity can occur under most political systems. Make it happen

Standard Bank

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