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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

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

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’

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

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

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

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

Nhlanhla Nene. Picture: TREVOR SAMSON

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

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

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

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’

Columnists

A host of hidden dangers to naming and renaming

The rash naming of places could have serious economic costs in the future if we are not careful, writes Phakamisa Ndzamela

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

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

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

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

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, writes Peter Attard Montalto

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

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

Economy

World Bank backs focus on infrastructure

World Bank president Jim Yong Kim, says the body will explore how it can help SA’s infrastructure drive. File Picture: REUTERS

Growth prospects for SA’s trading partners are slowly picking up, writes Ntsakisi Maswanganyi

Economy

SA manufacturing production contracts in February

Picture: THINKSTOCK

Manufacturing production contracts for second consecutive month on year-on-year basis in February, but rate of decline has slowed, Statistics SA data show

Economy

SA mining production increases sharply in February

Bafokeng mine. Picture: BLOOMBERG/NAASHON ZALK

Mining production returns to positive growth year on year in February — ending three consecutive months of contraction, Statistics SA data show

Opinion

EDITORIAL: Treasury’s big stick may just work

Nhlanhla Nene. Picture: TREVOR SAMSON

Censure for consistent material breaches of a host of entities’ financial obligations may instil fiscal discipline

Opinion

Thank goodness, a credible appointment by Zuma

It was a relief to see an unquestionably sensible appointment at the Reserve Bank last week

Economy

Treasury stands firm over carbon tax

Picture: THINKSTOCK

Measures would make it more difficult to compete, Sasol says

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

Nene says revenue growth ‘remains resilient’

Nhlanhla Nene. Picture: TREVOR SAMSON

Finance Minister Nhlanhla Nene says higher tax revenue collected is partly due to significant improvement in compliance measures

Economy

PMI shows slight improvement in March

factory manufacturing XXX Picture: THINKSTOCK

Kagiso purchasing managers index data indicate that activity in manufacturing sectors increased, but remained at levels that suggest output is weak

Economy

Record trade deficit narrows to R8.5bn

The Mare Caribicum lies at anchor off Port of Ngqura . Picture: THE HERALD

Economists point to oil import volumes returning to more normal levels behind the decline

EDITORIAL: The rand’s mixed fortunes

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

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

Trade & Industry

NEWS ANALYSIS: State pushes economic transformation agenda

Defy employees work on the factory line in Wilsonia in this September 2011 file photo: Picture: SOWETAN

Government says it will direct SA’s development finance institutions towards creating 100 black industrialists in the next three years, writes Mark Allix

Trade & Industry

Energy a topic at ‘intense’ France-SA talks

Trade and Industry Minister Rob Davies. Picture: TREVOR SAMSON

Among topics discussed between French, South African delegations are issues around energy and green energy‚ agribusiness‚ transport and infrastructure

Economy

IMF revises downwards SA’s 2015 economic growth outlook to 2%

Picture: THINKSTOCK

International Monetary Fund again revises downwards SA’s economic growth forecasts for this and next year, citing electricity shortages as main reason

Economy

SARS beats tax collection target

Nhlanhla Nene. Picture: TREVOR SAMSON

SARS’s revenue figures are a welcome surprise from an agency wracked by internal turmoil involving several senior executives

Economy

ECONOMIC WEEK AHEAD: Blackouts put damper on growth figures

The Reserve Bank in Pretoria. Picture: FINANCIAL MAIL

The only comfort is that most economists, including those at the Reserve Bank, expect inflation to remain within the 3%-6% target band for this year, writes Ntsakisi Maswanganyi

Markets

SA signs R57bn currency swap with China

Paramilitary policemen patrol around the headquarters of China's central bank in Beijing.  Picture: REUTERS

Reserve Bank signs three-year bilateral swap agreement with People’s Bank of China

Economy

Higher eurozone growth positive for SA, says Dombret

A euro sign stands outside the European Central Bank’s headquarters in Frankfurt, Germany. Picture: REUTERS

Economic growth in euro area is likely to improve this year, which will benefit SA’s economy, Deutsche Bundesbank’s Andreas Dombret says

Economy

Business confidence drops in March amid weak manufacturing output

Picture: THINKSTOCK

Business confidence falls amid weak manufacturing output, lower share prices, and weak precious metal prices, Sacci business confidence index shows

Opinion

Central bank should not stand above the fray

Lesetja Kganyago. Picture: PUXLEY MAKGATHO

Parliamentarians need to explore the extent to which they should hold the Reserve Bank accountable for lower growth trajectories, writes Shawn Hagedorn

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