Fall in leading indicator shows economy under pressure
Reserve Bank’s leading indicator of business activity falls in March for first time in eight months, with commodity export prices biggest drag
Economy
Local manufacturing sector ‘in dire straits’
Bunched-up increases in administered prices a ‘significant challenge’, writes Mark Allix
Economy
Rates expected to remain unchanged despite speculation of a cut
Apart from price stability, the Reserve Bank should keep an eye on employment and growth numbers
Labour
Amcu leader says union will ‘bring economy to standstill’
Joseph Mathunjwa also demands to meet president, says ANC is ignoring violence against its members in the platinum belt
Economy
Tax act could be subject to litigation, says Davis
It may take a long time to bed down what the new Tax Administration Act means, says government tax review head Dennis Davis
Business
Call to align utility prices with nation’s growth objectives
Business confidence in manufacturing sector ‘stable’ during first quarter, according to Manufacturing Circle survey
Opinion
Weak currency no use in long term
David Gleason
South Africa has nothing to show for its progressively weaker currency
Jitters over unsecured loans, mine wage talks knock rand
JSE’s recent rally stalled, while rand extended its slideEconomy
Slump in SA retail sales growth fans fears on household spending
But most economists still believe Reserve Bank will keep interest rates on hold next week due to inflation concerns
Economy
SA downgrade not a done deal, says Moody’s
Agency has South Africa’s Baa1 investment grade rating on negative outlook but says positive signs include responsiveness to nationalisation concern
Economy
Private sector looking for excuses not to invest, says Gigaba
Public Enterprises Minister Malusi Gigaba rejects labour laws, crime and policy uncertainty as valid excuses for withholding investment, Transnet CEO Brian Moelefe agrees
Business
Courts reel in SARS ‘fishing expeditions’ against taxpayers
Open-ended fishing expeditions by South African Revenue Service could come under attack, tax conference hears
SA rating under threat from unrest in mining sector
Mine labour strife likely to lead to further downgrades by rating agencies, writes Mariam IsaEconomy
Tax advisory groups approved by SARS
Five controlling bodies for tax profession receive recognition from South African Revenue Service
Economy
Zuma aims to strengthen trade ties with Russia visit
Leaders will review bilateral relations and exchange views on critical regional and global issues
Business
Eskom must procure 50% of coal from black miners by 2018, says Gigaba
Public Enterprises Minister Malusi Gigaba driving establishment of Mine Development Fund to finance coal mine development, mainly at early exploration stage
Economy
South African retail sales rise in March
Increase shows slower growth than February but is still within 2%-4% range seen since November, and suggests rate cut less likely in short term
Economy
Treasury’s view of global economy brightens
Orderly resolution of US problems vital, Treasury director-general Lungisa Fuzile tells MPs, while Finance Minister Pravin Gordhan highlights African optimism
Transport & Tourism
SA targets even higher tourism sector growth
International tourist arrivals to SA rise by more than double world average but country is targeting even higher growth in domestic tourism
Mining
UK urged to help end graft in African mining sector
Expert says Britain should stop secret bank accounts residing in its overseas territories such as the Virgin Islands from being used to transfer illicit monies
National
SA lags peers on wellbeing index
A ‘wealth to wellbeing’ study carried out by the global Boston Consulting Group ranks SA 108 out of 150 countries surveyed
In depth: Brics
News, views, analysis and multimedia coverage of the Brics
nations and their annual summit in Durban
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