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Economy

Producer inflation accelerates in March

Picture: THINKSTOCK

Producer price index increases as higher food, beverage, tobacco prices take their toll, analysts warn of ‘serious economic challenges in coming months’

Economy

Inflation set to rise as maize crop wilts

Picture: THINKSTOCK

Latest data support views inflation will accelerate in coming months, as drought in parts of SA has severely affect crops and raised maize prices

Economy

IMF suggests SA continue with fiscal consolidation

International Monetary Fund says SA should continue with fiscal consolidation programme, even if it will limit economic growth in short term

Economy

Power supply will slow growth, says IMF

Picture: REUTERS

Washington-based body expects SA to grow 2% this year — the same as the Treasury — and 2.1% next year, far below required 5% to reduce high unemployment

Economy

Fiscal consolidation, power shortages will strain SA, says IMF

Picture: REUTERS

IMF says government’s decision to slow growth in spending and continuing electricity shortages will see economy growing at less-than-desired levels

Economy

Number of liquidated businesses rises to 208 in March from 158 in February

Picture: THINKSTOCK

Statistics SA data shows number of liquidated businesses rises to 208 in March from 158 in February in challenging business operating environment

Education

Cost of education rises double that of inflation

Picture: THINKSTOCK

Survey shows 33% of individuals up to the age of 24 say a lack of money is the reason for not attending an educational institution

National

Listless growth fuels frustrated attacks on foreigners, says Mkhize

ANC treasurer-general Zweli Mkhize. Picture: TREVOR SAMSON

Notion that xenophobic attacks are fuelled by South Africans frustrated at foreigners taking their jobs is flawed

Business

Goldman Sachs chairman is ‘generally bullish’ on SA

Lloyd Blankfein, chairman and CEO of Goldman Sachs Group, attends the annual meeting of the World Economic Forum in Davos on Friday. Picture: REUTERS

Goldman Sachs chairman and CEO Lloyd Blankfein says country is high-risk market with enormous potential, but it is failing to meet expectations

Economy

Inflation increase start of ‘squeeze’

Picture: THINKSTOCK

Consumer inflation up to 4% last month from 3.9% in February in what economists predict is the start of an upward trend

Treasury director-general Lungisa Fuzile. Picture: FINANCIAL MAIL

Call for Brics not to rely on IMF funds

Brics member states should use their own contingent reserve for their short-term balance of payments difficulties, says Treasury director-general Lungisa Fuzile warns

Economy

Higher consumer spend expected in second half

Picture: THINKSTOCK

Lower fuel prices, stable rates and lower inflation may lift consumption, writes Ntsakisi Maswanganyi

Economy

Infrastructure spending in developing countries needs to double, study shows

Picture: THINKSTOCK

White paper cites deficits in all major African infrastructure and says these networks are ‘an absolute requirement for developing countries’ future competitiveness’

Editorials

EDITORIAL: Wage hike of 10% could be a tipping point

Nhlanhla Nene. Picture: TREVOR SAMSON

Public servants clamour for more amid weak economic growth prospects, high levels of public debt and urgent developmental needs

Business Times

The cost of companies' efforts to avoid paying tax

Picture: THINKSTOCK

Shifting profits to low-tax jurisdictions not only erodes SA's tax base, it erodes the base for paying living wages to employees and the base for creating value for BEE partners

Energy

World Bank economist affirms support for Eskom will continue

Francisco Ferreira. Picture: WORLD BANK

The World Bank will continue to offer financial and technical assistance to struggling power utility Eskom, says the bank’s Africa region chief economist

Financial Services

Local banks get a R66bn safety net

Lesetja Kganyago. Picture: PUXLEY MAKGATHO

The Reserve Bank’s liquidity facility will help supplement South African banks in case they have shortfalls

Opinion

Easy money does it for the Cape

What we don’t know is the degree to which the property market is integrated into global asset markets

Economy

Inflation accelerates slightly in March

Picture: THINKSTOCK

Consumer price index data show small increase in inflation for first time in four months, but numbers support case for unchanged interest rates in May

African Business

African leaders advised to focus on tax policies

Nhlanhla Nene: Picture: REUTERS

Finance minister says it is important for countries on the continent to get their tax-mix right in order to foster growth and resilient economies

Economy

Mminele says firmer US dollar will pose challenges for SA

Daniel Mminele, deputy governor of the Reserve Bank. Picture: FINANCIAL MAIL

Strengthening US economy and expected rate hikes and geopolitical risks suggest the dollar could appreciate further, says Reserve Bank deputy governor Daniel Mminele

Economy

Get a grip on power supply, SA warned

Francisco Ferreira. Picture: WORLD BANK

Do not gloss over severe damage to economy, says World Bank, forecasts economic growth at about 2% this year

Economy

Companies slightly more positive in March

Picture: THINKSTOCK

Markit-HSBC whole economy purchasing managers index shows greater optimism among companies as result of unchanged rates, relatively cheaper fuel

Opinion

EDITORIAL: IMF’s growth prescription

International Monetary Fund’s ideas on global value chains should be required reading for SA’s industrial policy makers

Opinion

BEE: Banks need to do the right thing in good time

If ownership issue is not settled properly and amicably, sooner or later politicians will be pressured to demand bigger chunks

Economy

SA bulk exports rise by 19% year on year in first quarter

Picture: THINKSTOCK

Bulk export volumes rise 19% year on year in first quarter to 43.8-million tons compared with only small 2.6% gain in 2014, Transnet National Ports Authority data show

Trade & Industry

NEWS ANALYSIS: Why SA’s industry is uncertain whether it is coming or going

Picture: THINKSTOCK

Manufacturing is under pressure and business confidence is low, which bodes ill for SA positively influencing African growth, writes Mark Allix

Economy

Manufacturing sector growth drags as load shedding bites

factory manufacturing XXX Picture: THINKSTOCK

Kagiso purchasing managers’ index suggests the sector’s contribution to economic growth will be modest, a worrying trend for the government, which wants a growth rate of more than 5% to create jobs

EDITORIAL: The rand’s mixed fortunes

Whether South Africa’s currency is weak or strong is a matter of perception

Labour

Public sector demand will bust budget by R50bn

Nhlanhla Nene. Picture: TREVOR SAMSON

Senior government official warns 10% increase will ‘drastically skew wage bill’

Economy

New vehicle sales record muted growth in March, while exports surge

Picture: THINKSTOCK

SA’s new vehicle market records muted growth in March, as cash-strapped consumers halt purchases of new cars, while Naamsa says outstanding feature is growth in exports

Economy

SA seen tackling problems, says Nene

Nhlanhla Nene. Picture: TREVOR SAMSON

Finance Minister Nhlanhla Nene in bid to downplay the effect of SA’s power crisis and xenophobic attacks on investor sentiment

Labour

Treasury undermining wage talks, unions say

Nhlanhla Nene. Picture: TREVOR SAMSON

Finance Minister Nhlanhla Nene warns that if unions fight for an above-inflation increase this year, they will put SA’s economic future at risk

Economy

Electricity crisis prompts IMF to cut SA’s growth forecast to 2%

Pedestrians walk by the International Monetary Fund headquarters during the 2015 IMF and World Bank Spring Meetings in Washington, DC, the US,  on Tuesday. The meetings end on Sunday. Picture: EPA/SHAWN THEW

The latest forecasts are in line with most others, including those of the Treasury

Economy

Retail sales growth in February beats forecasts

Picture: THINKSTOCK

Disposable incomes have improved in recent months, mainly due to lower inflation and fuel prices

Economy

Sacci March trade activity index little changed

Picture: THINKSTOCK

Local businesses find current trading conditions tough amid higher input costs, disruptions from electricity outages, moderate pick-up in local demand

Opinion

Government knows Eskom solution but lacks resolve

Picture: THINKSTOCK

Knowledge to solve the Eskom problem is already within the government. Remove the politics, the tenderpreneurship and the cadre deployment

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