• Wednesday, August 27 2014
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Picture: THINKSTOCK

SA economy escapes recession in second quarter

5 hour(s) ago

Real gross domestic product increases slightly quarter on quarter, but figures show economic growth is very weak in wake of platinum strike

Economy

Leading indicator shows slight rise in economic conditions

Picture: THINKSTOCK
23 hour(s) ago

Reserve Bank says rise in volume of manufacturing orders, increase in average number of hours worked in manufacturing sector behind increase in June

Economy

ECONOMIC WEEK AHEAD: GDP data to indicate if economy is in recession

Picture: THINKSTOCK
2 day(s) ago

Growth is expected to rise marginally, following the drop recorded in the first quarter

Economy

No rating changes for SA’s five biggest banks, says Fitch

Picture: REUTERS
4 day(s) ago

Fitch Ratings says it will not lower ratings for five biggest banks because contagion to banks is limited from when African Bank was placed under curatorship

Economy

African Bank’s failure puts SA’s sovereign rating at risk

Picture: MICHAEL ETTERSHANK
5 day(s) ago

SA sovereign rating at risk of becoming another casualty of African Bank Investment Limited’s failure

Economy

Inflation moderates slightly in July

Picture: THINKSTOCK
6 day(s) ago

Consumer price index eases more than expected due to moderation in food prices, data support view that Reserve Bank will keep interest rates unchanged in September

Opinion

ON THE MONEY: Moody’s mistakes Bank’s policy on African Bank

When African Bank’s case is carefully considered, it is clear that Moody’s should go back on its downgrade of South Africa’s big four banks

Opinion

STRAIGHT TALK: Moody’s proffers ‘junk’ opinion

Moody’s decision was ridiculous, unfounded and without proper consideration of their context in relation to the collapse of African Bank

The Big Picture

Picture: THINKSTOCK
Mark Oppenheimer and Cecelia Kok: Promotion and Protection of Investment Bill allows state to deprive owners of property without compensation   Read More

Financial Services

Moody’s downgrades South Africa’s four biggest banks

Picture: REUTERS
7 day(s) ago

Ratings agency says there is a lower likelihood of support from the Reserve Bank to protect creditors after African Bank’s debt crisis

Africa

Middle-class households in sub-Saharan Africa to grow over next 15 years

Picture: THINKSTOCK
7 day(s) ago

The ‘Understanding Africa’s middle class’ report shows that of the 110-million households in 11 sub-Saharan African countries, 15-million are middle class

Economy

Moody’s downgrades Standard Bank, Absa, FNB and Nedbank

Picture: REUTERS
7 day(s) ago

Downgrading follows the decision by the Reserve Bank to take troubled unsecured lender African Bank out of the hands of its management and put a curator in charge

Economy

Government’s R9bn jobs fund has new management

Picture: THINKSTOCK
11 day(s) ago

Management of jobs fund will now be transferred to newly established Government Technical Advisory Centre from Development Bank of Southern Africa

National

Freedom Charter values are being ‘undermined by policies such as NDP’

Irvin Jim. Picture: PUXLEY MAKGATHO
11 day(s) ago

During Ruth First Memorial Lecture Numsa secretary-general Irvin Jim says South Africa has veered well off course from values advocated in charter

Economy

SA June retail trade sales unchanged year on year

Picture: THINKSTOCK
13 day(s) ago

Measured in real terms retail trade sales remain unchanged between June 2013 and June 2014 after increasing by 2.6% year on year in May

A group of men sit along a road looking for work. Picture: SUNDAY TIMES

Many benefits to decent pay — and no, it does not kill jobs

A national minimum wage as part of a comprehensive wage policy will allow for an organised transformation of the existing wage structure

National

Top-down fiscal transfer ‘does not foster accountability’

Picture: THINKSTOCK
12 day(s) ago

International experts tell Financial and Fiscal Commission that ability of local, provincial governments to raise revenue makes them accountable to citizens

Business

Morgan Stanley concerned banks, retailers may have become too expensive

Picture: REUTERS
14 day(s) ago

Investment manager says time is ripe to lock in some of the gains made on the South African equity market this year

Economy

ECONOMIC WEEK AHEAD: Concerns over slump in quarter are dying down

16 day(s) ago

Concerns that economy entered into recession in second quarter, though they still exist, appear to be abating, writes Ntsakisi Maswanganyi

Economy

Manufacturing rallies but strikes will bite

Picture: THINKSTOCK
19 day(s) ago

Economists warn that weak demand, high administered costs, disruptions from strikes and electricity-supply shortages will keep output growth and job creation modest

Economy

Obama declares first US-Africa summit an ‘extraordinary event’

SUCCESS: African Union Commission chairwoman Nkosazana Dlamini-Zuma, President of Guinea-Bissau Jose Maria Vaz, left, and Ghanaian President John Dramani Mahama in Washington. Picture: EPA/MICHAEL REYNOLDS
19 day(s) ago

The first summit between the US and nearly all African countries broke parts of the usual mould for such events, and was declared an overall success

Economy

Rate hikes ‘will draw foreign money in’

Picture: THINKSTOCK
20 day(s) ago

Interest rates rise after the downgrade of SA’s credit rating, which will intensify foreign investors’ thirst for local fixed-income assets

National

Political tussle taints the launch of Cape solar project

APPLAUSE: At the opening of the solar photovoltaic factory in the Western Cape were (from left) Jinko Solar’s Wido Schnabel, China’s consul-general in SA Liang Shugen, Western Cape Premier Helen Zille and Jinko SA MD Morgan Peng. Picture: SUPPLIED BY JINKO SOLAR
21 day(s) ago

The DA-led Western Cape and national government are involved in a tug-of-war, both claiming credit for a R80m solar photovoltaic manufacturing facility

Industrials

BEE failures ‘will cost’ construction

Picture: SUNDAY TIMES
23 day(s) ago

SA’s construction and engineering industry has been told failure to comply with amended black economic empowerment codes by April 30 next year will leave them out of pocket

Economy

Real interest rates ‘still supportive to economy’

Daniel Mminele, deputy governor of the Reserve Bank. Picture: FINANCIAL MAIL
13 day(s) ago

Reserve Bank deputy governor Daniel Mminele says real repurchase rate is still marginally negative, ensuring economic activity is not stifled

Economy

Investors ‘want to be part of the solution to SA’s problems’

Nhlanhla Nene. Picture: MARTIN RHODES
15 day(s) ago

Finance Minister Nhlanhla Nene says despite weak economic growth, investors don’t want to take deals elsewhere

Economy

Informal sector’s contribution to GDP is stagnant

Statistician-general Pali Lehohla. Picture: PUXLEY MAKGATHO
11 day(s) ago

The latest survey of employers and self-employed South Africans by Statistics SA shows the informal sector’s contribution to GDP has remained at about 5% from 2001 to 2013.

Economy

Job creation heads five-year strategy

A group of men sit along a road looking for work. Picture: SUNDAY TIMES
19 day(s) ago

Government releases its priorities for the next five years, which includes reducing unemployment to 14%

Economy

Treasury explores funding options for SA’s $5bn share to Brics bank, says Nene

Nhlanhla Nene. Picture: MARTIN RHODES
19 day(s) ago

Minister says one option Treasury is considering is to include a budget request for the upcoming medium-term expenditure framework for 2015

Opinion

Agitators are on a precarious path to a better life

People are living new lives surrounded by things that were not around in their parents’ time

Opinion

Ghosts are feeding on SA’s living taxpayers …

It is widely believed that such malign spirits can be pacified only by means of a ritual feeding of government tenders

Opinion

GDP may be compromised sufficiently to tip economy into recession

Picture: THINKSTOCK

Looking at domestic output data for manufacturing, mining and retail, about 33% of the measured economy is in trouble

View More Polls

Opinion Poll

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

 
All Share 51666.36-0.12% down
Top 40 46397.67-0.17% down
Financial 15 14830.310.12% up
Industrial 25 60077.16-0.30% down
Resource 10 57902.890.00% same
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FTSE 100 6827.840.07% up
Dow Jones 17106.700.00% same
All Share 51659.63-0.14% down
ASX 5648.900.26% up
S&P 500 2000.0200.00% same
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USD/ZAR 10.6449-0.30% down
GBP/ZAR 17.6290-0.17% down
EUR/ZAR 14.0332-0.16% down
JPY/ZAR 0.1024-0.11% down
AUD/ZAR 9.9387-0.01% down
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Gold 1285.00500.34% up
Platinum 1421.50000.60% up
Silver 19.45950.42% up
Palladium 886.50000.62% up
Brent Crude Oil 102.8800.37% up
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Data supplied by INET BFA
Standard Bank

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  • All Share : 51659.45
    Change: -0.14%
    Top 40 : 46388.89
    Change: -0.19%
    Financial 15 : 14812.36
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    Industrial 25 : 60088.28
    Change: -0.28%
    Resource 10 : 57882.18
    Change: -0.03%
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  • FTSE 100 : 6827.45
    Change: 0.07%
    Dow Jones : 17106.70
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    Hang Seng : 24917.57
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    ASX : 5648.90
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    S&P 500 : 2000.020
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  • ZAR/USD : 10.6450
    Change: -0.30%
    ZAR/GBP : 17.6290
    Change: -0.17%
    ZAR/EUR : 14.0322
    Change: -0.17%
    ZAR/JPY : 0.1024
    Change: -0.13%
    ZAR/AUD : 9.9371
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  • Gold : 1285.3200
    Change: 0.37%
    Platinum : 1421.5000
    Change: 0.60%
    Silver : 19.4655
    Change: 0.45%
    Palladium : 885.5000
    Change: 0.51%
    Brent Crude Oil : 102.840
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