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Business

Middle East crisis: Why aren’t oil prices much higher?
Business
/ 26 January 2024

Middle East crisis: Why aren’t oil prices much higher?

Lower prices are good insofar as inflation is concerned but they suggest that economic troubles lie ahead

By Sarah Smit
Rand reels amid rates reckoning, braces for election turmoil
Business
/ 26 January 2024

Rand reels amid rates reckoning, braces for election turmoil

The local currency could be in for more volatility as political push-and-pull raises uncertainty

By Sarah Smit
Kganyago plugs monetary policy committee holes with new member
Business
/ 25 January 2024

Kganyago plugs monetary policy committee holes with new member

David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013

By Sarah Smit
Reserve Bank sticks to its guns, keeps interest rates on hold
Business
/ 25 January 2024

Reserve Bank sticks to its guns, keeps interest rates on hold

Governor Lesetja Kganyago suggested the central bank will look for the inflation rate to fall within its target before it administers relief

By Sarah Smit
Inflation slows again, but interest rate cut is probably still off the table
Business
/ 24 January 2024

Inflation slows again, but interest rate cut is probably still off the table

After the release of the December inflation data, Investec chief economist Annabel Bishop said the Reserve Bank is likely to remain hawkish amid upside risks

By Sarah Smit
Do economists matter?
Business
/ 23 January 2024

Do economists matter?

Last week, South Africans got a taste of the kind of influence economists hold, despite them being part of an often fallible tribe

By Sarah Smit
Investment 2024: SA a ‘hard sell’ as growth continues to falter
Business
/ 21 January 2024

Investment 2024: SA a ‘hard sell’ as growth continues to falter

Investors will struggle to look beyond the country’s energy and logistics crises

By Sarah Smit
Delinking from the West is critical for SA, says Godongwana
Business
/ 18 January 2024

Delinking from the West is critical for SA, says Godongwana

The finance minister was speaking on a panel in Davos about the expansion of Brics

By Sarah Smit
Unions threaten legal action over jobs at Durban port
Business
/ 16 January 2024

Unions threaten legal action over jobs at Durban port

Dock workers are demanding transparency over Transnet’s partnership with the Filipino container company and an assurance there will be no retrenchments

By Lyse Comins
Health cost of climate change will climb to $12.5 trillion by 2050
Business
/ 16 January 2024

Health cost of climate change will climb to $12.5 trillion by 2050

A new report from the World Economic Forum shows that Africa is most vulnerable to health-related losses

By Sarah Smit
Vegetable and other food prices remain high
Business
/ 14 January 2024

Vegetable and other food prices remain high

The M&G’s basic food basket survey shows that supermarket prices don’t always drop when those at fresh produce markets do

By Lyse Comins
Genocide case unlikely to dent SA’s investment case at Davos
Business
/ 11 January 2024

Genocide case unlikely to dent SA’s investment case at Davos

Finance Minister Enoch Godongwana noted that South Africa’s position on Israel’s occupation of Palestine has always been clear

By Sarah Smit
New energy plan sends mixed signals to investors
Business
/ 10 January 2024

New energy plan sends mixed signals to investors

The draft IRP 2023 scales back renewable projects viewed as a key source of economic growth

By Sarah Smit
BHI Trust’s associates’ global links exposed
Business
/ 10 January 2024

BHI Trust’s associates’ global links exposed

But the South African expat listed as a Swiss resident has denied any connection to the company that apparently marketed the alleged ponzi scheme

By Lyse Comins
RGS abandons Tongaat bid, claims business rescue is rigged
Business
/ 9 January 2024

RGS abandons Tongaat bid, claims business rescue is rigged

Bidder says rescue practitioners tried to manipulate process to favour ANC funder Robert Gumede

By Paddy Harper
Inflation’s defeat is an empty victory
Business
/ 9 January 2024

Inflation’s defeat is an empty victory

This year will finally see interest rates fall. But whatever relief the Reserve Bank administers, it will have come too late for some

By Sarah Smit
RCL withdraws interdict, so Tongaat creditors’ vote goes ahead — for now
Business
/ 8 January 2024

RCL withdraws interdict, so Tongaat creditors’ vote goes ahead — for now

Business rescue practitioner Metis has agreed to amend the ‘unlawful’ Vision group rescue plan

By Paddy Harper
Argentina court suspends Milei labour reforms
Business
/ 4 January 2024

Argentina court suspends Milei labour reforms

Solicitor General Rodolfo Barra told AFP that the government will appeal Wednesday’s ruling

By Afp
2024: Another round in the superpower smackdown?
Business
/ 3 January 2024

2024: Another round in the superpower smackdown?

Tensions between the US and China could come to a head early this year, posing another risk to the global economy

By Sarah Smit
2024 economy: Some relief after a rocky road
Business
/ 2 January 2024

2024 economy: Some relief after a rocky road

Last year was dismal on a number of fronts. And although things probably won’t get exponentially better, there is some hope on the horizon

By Sarah Smit
SA consumers struggle as food prices soar
Business
/ 21 December 2023

SA consumers struggle as food prices soar

World food and fuel costs have dropped but grocery prices at local supermarkets remain unaffordably high

By Lyse Comins
Corporate news that made headlines in 2023
Business
/ 20 December 2023

Corporate news that made headlines in 2023

The M&G takes a look back at the share price crashes, the historic leadership changes and the surprising appointments

By Sarah Smit
JSE-listed clothing retailers want labour department to shut down sweatshops
Business
/ 20 December 2023

JSE-listed clothing retailers want labour department to shut down sweatshops

The South African Clothing and Textile Workers Union has said people are working from 10 to 16 hours a day, seven days a week for as little as R120 to R200 a week

By Lyse Comins
From Helsinki to Joburg: Lessons in equality
Business
/ 20 December 2023

From Helsinki to Joburg: Lessons in equality

The Nordic model holds some insight into how to close South Africa’s yawning income and wealth gap

By Sarah Smit
Basic income grant: Peering beyond the endless impossibilities
Business
/ 19 December 2023

Basic income grant: Peering beyond the endless impossibilities

South Africa’s economy has stagnated and policymakers ought to be looking for solutions that move us forward

By Sarah Smit
Tongaat vote postponed amid claims process rigged to favour Gumede consortium
Business
/ 14 December 2023

Tongaat vote postponed amid claims process rigged to favour Gumede consortium

Rival bidder RGS says the delays are aimed at enabling Vision to raise money to fund the deal

By Paddy Harper
Eskom reports another dip in sales
Business
/ 14 December 2023

Eskom reports another dip in sales

Profit falls from R3.8bn to R1.6bn as supply constraints and a drop in demand take their toll

By Mandisa Nyathi
SOE holding company: Mission-led or mission impossible?
Business
/ 12 December 2023

SOE holding company: Mission-led or mission impossible?

Reforming governance has proved to be a Sisyphean task. If done right, a new state holding company could be the final push

By Sarah Smit
Why business fell out of love with Ramaphosa
Business
/ 11 December 2023

Why business fell out of love with Ramaphosa

The business community initially welcomed him. But the past five years have disappointed — and the private sector has only recently been given a turn at the economy’s steering wheel

By Sarah Smit
Victims of R2.7bn BHI Trust ponzi scheme in the dark
Business
/ 10 December 2023

Victims of R2.7bn BHI Trust ponzi scheme in the dark

Investors are worried that as the investigation drags on, their life savings may have been transferred out of reach to offshore companies

By Lyse Comins
UPDATED: Crucial Tongaat Hulett creditors vote is postponed again as parties head to court over unpaid industry levies
Business
/ 5 December 2023

UPDATED: Crucial Tongaat Hulett creditors vote is postponed again as parties head to court over unpaid industry levies

ANC funder Robert Gumede’s bid for the sugar giant may be on the rocks

By Paddy Harper
Economy shrinks by 0.2% in third quarter
Business
/ 5 December 2023

Economy shrinks by 0.2% in third quarter

The GDP decline comes despite an improvement in energy generation during the quarter, suggesting logistical constraints and interest rates are choking the economy

By Sarah Smit
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