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National

Seta system hurts small businesses, tax panel warns

LOSING OUT:  The Davis Tax Committee says the sector education and training authority refund system has impoverished small businesses while funding training in larger businesses. Picture: SUNDAY TIMES

The Davis Tax Committee’s SME report concludes SA’s skills development system needs an urgent overhaul

Economy

Lesetja Kganyago points to jobs-wages conundrum

Reserve Bank governor Lesetja Kganyago. Picture: FREDDY MAVUNDA

The Reserve Bank governor says SA’s central bargaining system maintains lower levels of employment and keeps small business out

Economy

Producer inflation accelerates sharply

Picture: THINKSTOCK

The PPI, which ultimately feeds into CPI inflation that the Reserve Bank targets for monetary policy, rose much faster than expected in July

Economy

No doubt that economy will grow close to 0% in 2016, Gordhan concedes

Picture: ISTOCK

But Gordhan insists that there is hope and that boom and busts are part of the economic era

Markets

Banking index sharply down on fears about Pravin Gordhan’s future

Pravin Gordhan. Picture: THE TIMES

The rand fell to R14.14 to the dollar on Wednesday morning after news Pravin Gordhan has been ordered to present himself to the Hawks on Thursday morning

Economy

Consumer inflation slows to within the Reserve Bank’s target

Picture: THINKSTOCK

The latest CPI data offer some good news, but renewed political risks surrounding Finance Minister Pravin Gordhan put a sustained improvement in doubt

National

Pravin Gordhan’s arrest would be a disaster for SA, says DA

Finance Minister Pravin Gordhan. Picture: THE TIMES

David Maynier says the finance minister’s appearance before the Hawks suggests he might be told of possible charges, in a ‘major escalation of the SARS wars’

Pravin Gordhan. Picture: THE TIMES

WATCH: What do Gordhan arrest rumours spell for SA economy?

Business Day TV looks into the arrest threats hanging over Finance Minister Pravin Gordhan and what it could mean for the economy

Economy

Higher wheat import duties mean bread will cost R1 more a loaf

Picture: THINKSTOCK

The import tariff on wheat, which was introduced in October 2014, has increased more than 900% in almost two years

Economy

Zuma to oversee parastatal strategy

President Jacob Zuma. Picture:  REUTERS/SIPHIWE SIBEKO

Cabinet lekgotla also makes ‘radical’ procurement decisions that will see the Treasury drafting new empowerment legislation

Economy

Mantashe’s comments could up chance of ratings cut, BMI Research says

ANC secretary-general Gwede Mantashe is expected to be targeted by the ‘Premier League’ faction at this weekend’s midterm party conference. Picture: SUNDAY TIMES

But Cabinet says the government remains committed to meeting medium-term fiscal targets, and more proposals for economic consolidation have been discussed

Industrials

SA’s steel production falls 11% year on year in July on poor demand

Steel production. Picture: BLOOMBERG

Low demand is due in part due to the government’s multibillion rand infrastructure investment plans failing to gain traction

Opinion

EDITORIAL: Get ready for more jitters

Finance Minister Pravin Gordhan. Picture: THE TIMES

The arrest of SA’s finance minister seems inevitable, sending SA into another bout of financial and political jitters

Economy

Is another rates hike on the cards?

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

It is thought the Reserve Bank might consider an increase before the end of the year if there is a reversal of capital flows following Fed tightening

Economy

Number of liquidations drops in year to July but remains high

Picture: THINKSTOCK

The high number partly reflects economic and financial challenges facing businesses, including rising operating costs, low demand and weak economic growth

Economy

Reserve Bank’s forward-looking economic gauge ticks up

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

The leading business cycle indicator has risen for only the second month this year and a strong trend of year-on-year falls is intact, leading economists to warn against complacency

Markets

GDP is so last century, and the search for a new economic yardstick is on

Picture: SUPPLIED

In an age when $10 can buy one compact disc or a month of unlimited music streaming, it’s getting tougher to put a price on economic output

Economy

ECONOMIC WEEK: Inflation outlook key to potential rate increase

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

Consumer and producer inflation data will proved vital clues to the Reserve Bank’s September decision, writes Ntsakisi Maswanganyi

Economy

CPI likely to have moderated in July

Picture: THINKSTOCK

The CPI data for July is scheduled for release on Wednesday

Lesetja Kganyago. Picture: FREDDY MAVUNDA

Contracts point to stable interest rate

Forward rate agreements indicate lenders and borrowers do not expect interest rate hikes for the next year or two

Economy

Inflationary easing predicted for July

South Africa map with flag

Annual municipal charges for water, rates, sewerage and electricity are thought to have been the main potential sources of upward pressure on the CPI for July

Economy

Drought has cost SA R2bn in lost exports

Picture: THINKSTOCK

Agricultural exports declined in 2015 for the first time in more than a decade, underscoring the effects of the country’s worst drought on record

Economy

JSE-led team to boost downgrade fight

South Africa map with flag

The New York road show will include Finance Minister Pravin Gordhan, Reserve Bank governor Lesetja Kganyago and some of the JSE’s top clients

Economy

Weak economy means retail sector’s troubles are expected to persist

Picture: THINKSTOCK

But Consumer Goods Council CEO Gwarega Mangozhe says the council is hopeful of an improvement next year — if government plans come to fruition

Standard Bank

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