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Business Times

Nene needs Eskom plan — and iron fist on wages

Nhlanhla Nene: Picture: REUTERS
1 day(s) ago

Finance minister faces a baptism of fire when he unveils his first budget update this week as flagging growth and ballooning budget deficits take a toll on government finance

Economy

Oil and food prices ‘key determinants’ of inflation, says Kganyago

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL
4 day(s) ago

Newly appointed governor Lesetja Kganyago says Reserve Bank will maintain focus on inflation mandate with sensitivity to state of real economy

Economy

Davies says economy urgently needs ‘structural change’

Trade and Industry Minister Rob Davies. Picture: MARTIN RHODES
6 day(s) ago

Minister briefs London investors on new incentives for business process services

Economy

Trade activity ticked up in September but conditions still tight, says Sacci

Picture: THINKSTOCK
6 day(s) ago

Trade conditions restrained due to uninspiring economic growth, labour woes, financially pressured households and below par export volumes, Sacci index shows

Opinion

Infrastructure not SA’s main hurdle

If only the path to economic prosperity was as clearly marked as Christine Lagarde would have us believe

Nhlanhla Nene.  Picture: SOWETAN

Nene juggles austerity and expectations

Nene is faced with a faltering economy, a revenue shortfall of R15bn or so, some big spending pressures and ever-rising government debt, writes Hilary Joffe

Business Times

Falling stock markets: here we go again...

Picture: REUTERS
1 day(s) ago

For stock markets, October is historically the cruellest month, and this year is no exception

Economy

Monetary policy in ‘moderate tightening cycle’, says Kganyago

Lesetja Kganyago, deputy governor of the Reserve Bank. Picture: TREVOR SAMSON
5 day(s) ago

Newly appointed governor Lesetja Kganyago says Reserve Bank will maintain focus on inflation as financial situation remains challenging

Economy

Cut wasteful spending to lower deficit, says IMF director

Antoinette Sayeh, director of the International Monetary Fund’s African department. Picture: BUSINESS DAY
9 day(s) ago

Director of the African department at the IMF Antoinette Sayeh says that while SA has ‘limited room on the macro side’, there is still a need to reform the economy

Nhlanhla Nene. Picture: MARTIN RHODES

Budget update to put Nene to test

Unlike former finance chiefs Pravin Gordhan and Trevor Manuel, high-ranking ANC members, Nhlanhla Nene has never featured in the party’s hierarchy

Economy

Nene concerned about ‘significant’ rand weakness

Nhlanhla Nene: Picture: REUTERS/JOSHUA ROBERTS
10 day(s) ago

Finance Minister Nhlanhla Nene says state is concerned about significant weakness in rand, although effect on country is for now limited given lower international oil prices

Economy

Kganyago plans to prioritise the safeguarding of financial stability

Lesetja Kganyago, deputy governor of the Reserve Bank. Picture: TREVOR SAMSON
13 day(s) ago

Future governor also aims to attract young professionals to Reserve Bank

Economy

Hiking rates to tame inflation gets IMF nod

International Monetary Fund MD Christine Lagarde makes some opening remarks before a session addressing inclusive growth during the IMF-World Bank annual meetings in Washington on Wednesday. Picture: REUTERS
12 day(s) ago

Monetary policy makers should continue hiking interest rates to bring inflation down and return rates to more normal levels

Economy

SA economy set to double by 2024, says EY report

Picture: THINKSTOCK
12 day(s) ago

SA’s economy is on track to double in size by 2024 if dividends offered by increased foreign investment are harnessed

Markets

Markets welcome Kganyago

FROM THE SHADOWS: Outgoing Reserve Bank governor Gill Marcus congratulates her successor, Lesetja Kganyago, on his new appointment while President Jacob Zuma looks on at the Union Buildings in Pretoria on Monday. Mr Kganyago hailed Ms Marcus as being like an African matriarch and vowed  to carry on her work. Picture: PUXLEY MAKGATHO
14 day(s) ago

Reserve Bank appointment dispels fear of inexperienced political choice

Economy

Lesetja Kganyago appointed new governor of Reserve Bank

14 day(s) ago

Current deputy Reserve Bank governor is appointed to take over from Gill Marcus who is retiring

Economy

Marcus warns against ‘unrealistic expectations’ of monetary policy

Reserve Bank governor Gill Marcus. Picture: ROBERT TSHABALALA
17 day(s) ago

Outgoing Reserve Bank governor Gill Marcus says structural reforms are needed to solve weak economic growth problems

Business

Producer confidence lifts in second quarter

Picture: THINKSTOCK
20 day(s) ago

Bureau for Economic Research says survey indicates manufacturers expect production growth to accelerate in fourth quarter

Economy

ECONOMIC WEEK AHEAD: Focus on global economic issues

Lesetja Kganyago, deputy governor of the Reserve Bank. Picture: TREVOR SAMSON
8 day(s) ago

Economic data is expected to be on the backburner this week as the focus shifts to global issues

Labour

Nene appeals for wage talk moderation

Nhlanhla Nene: Picture: REUTERS/JOSHUA ROBERTS
8 day(s) ago

Public sector wage increases well in excess of above inflation are unaffordable and will come at the cost of jobs, says finance minister

Financial Services

Foreign-investor confidence buoys JSE

Picture: JSE
11 day(s) ago

Global experts from JP Morgan and Credit Suisse on Thursday downplayed concerns of a stock market bubble burst

Economy

Economic transactions show economy is improving

Picture: THINKSTOCK
10 day(s) ago

BankservAfrica’s latest economic transaction index indicates the economy declined by 1.4% in September, an improvement on the -3.2% in August

Economy

Manufacturing and mining output drop

Mining. Picture: THINKSTOCK
11 day(s) ago

According to figures published by Statistics SA on Thursday, manufacturing production contracted by 1.2% year on year in August

Economy

SA encouraging youth employment, Nene tells IMF

Nhlanhla Nene: Picture: REUTERS/JOSHUA ROBERTS
11 day(s) ago

The government is also looking at ways of generating an environment conducive to businesses creating jobs

Economy

IMF makes fourth cut in row to SA outlook

Picture: REUTERS
13 day(s) ago

Body is the latest in a number of institutions to lower gross domestic product forecasts as strikes, weak demand and energy supply constraints stifle economy

Economy

Bad debts on cars and credit cards a warning to banks

Picture: THINKSTOCK
14 day(s) ago

Increase signals consumers are taking strain as interest rates rise

Opinion

Our economic weakness is of our own making

Sub-Saharan Africa’s performance stands in stark contrast to sluggish growth in developed countries. As a result, investors are looking at Africa with new enthusiasm

Opinion

UNEMBARGOED: We have to admit that we have an inherently uncompetitive economy

We have to get better at working out what other countries and regions are about to do next

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Opinion Poll

What do you think of Finance Minister Pravin Gordhan’s 2014-15 budget?

 
All Share 47599.250.00% same
Top 40 42479.530.00% same
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All Share 47599.250.00% same
ASX 5303.50-0.07% down
S&P 500 1904.0100.00% same
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  • All Share : 47599.25
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