The labour minister’s decision to review the earnings threshold — which decides who enjoys certain employment benefits — has surprised lawyers.
South Africa has secured over 200 international conferences, which Tourism Minister Marthinus van Schalkwyk says will provide a boost of R1.6-billion.
ANC treasurer-general Mathews Phosa says certainty on the issue of nationalisation is needed and this can only happen by having a unified voice.
More litigation around the fair value of offers could be seen due to the takeover regulations of the new Companies Act, say attorneys.
New forms of fraud are emerging that are making bank cyber fraud even more lucrative than the drug trade, says an auditing expert.
The latest survey done on retirement shows a positive trend in South Africa of retirement savings having reached their highest levels in a decade.
MTN is positioned to take advantage of opportunistic deal-making activity due to the high levels of cash on its books, the company has said.
New projects in Africa are expected to enjoy strong growth from next year, with inflows of foreign direct investment forecast to reach US$150-billion.
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/ 9 November 2009
Incoming Reserve Bank Governor Gill Marcus faces her first test as the market expects a decision on the dates of MPC meetings to be held in 2010.
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/ 27 October 2009
South Africa’s Finance Minister, Pravin Gordhan, said on Tuesday that he is concerned about the strong and uncompetitive levels of the rand.
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/ 27 October 2009
South Africa’s fiscal deficit is expected to have widened significantly to -7,6% of GDP in the 2009/10 fiscal year from projections of -3,8%.
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/ 27 October 2009
Total South African tax revenue in 2009/10 is projected to be R70,3-billion below the forecast presented in February at R589-billion.
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/ 18 September 2009
Africa needs to urgently improve its cooperation across the continent, Minister in the Presidency Trevor Manuel said on Friday.
The announcement of a reduced formal workforce in SA of 179 000 people in the first quarter clearly signals a labour market in distress.
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/ 30 January 2009
South African bonds overlooked a weaker rand to open firmer on Friday after credit extension and money supply data surprised to the downside.
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/ 15 January 2009
An ANC lurch to the left is bound to throw the country off course, said Democratic Alliance leader Helen Zille on Thursday.
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/ 21 October 2008
Tough economic decisions taken early on are bearing fruit in the face of the world financial crisis, said the National Treasury on Tuesday.
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/ 22 September 2008
The new ANC leadership is likely to make budget changes prior to the election next year, says an economist.
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/ 18 September 2008
Inflation expectations have deteriorated somewhat, Reserve Bank Governor Tito Mboweni told a bank shareholders’ meeting on Thursday.
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/ 3 September 2008
Economist Clem Sunter said during a BDO seminar on Tuesday evening that the recession in the United States was starting to spread like a virus.
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/ 2 September 2008
Reserve Bank Governor Tito Mboweni said on Tuesday that he will complete his current term in August 2009, and if asked to serve another term, he will.
SA stocks remained volatile by noon on Wednesday as resources flip-flopped around, but a CPIX reading in line with expectations aided banks.
South African stocks were on the retreat by noon on Tuesday as a strong dollar upset commodity prices and stocks.
The <i>Financial Mail</i> reported on Thursday that South Africa could switch to targeting CPI and not CPIX inflation.
The South African Reserve Bank monetary policy committee’s rates meeting started on Wednesday morning.
It is "not bad" if the rand stays around current levels rather than heading to R8 to the dollar, says a senior derivatives dealer.
Global analysts Lehman Brothers said on Wednesday that they viewed central bank governor Tito Mboweni’s speech on Tuesday as "mildly hawkish".
The SARB said on Tuesday that the South African banking system remained stable and banks were adequately capitalised during 2007.
The Bureau for Economic Research says in its third-quarter 2008 prospects report that South Africa’s economy faces a tough road ahead.
Finance Minister Trevor Manuel convened a meeting on Thursday between the Treasury and Cosatu in an attempt to resolve numerous challenges.
Telecommunications heavyweight Telkom remained the talk of the town during the morning session on Monday as news of a potential buyout and negotiations with the UK’s Vodafone set pulses racing. However, the market as a whole was mixed as resources generally gained some ground, but banks felt the heat from a struggling
sector in the United Kingdom.
South African Reserve Bank Governor Tito Mboweni said on Wednesday that the task of the central bank is to maintain inflation in the 3% to 6% target band, and with CPIX (consumer inflation less mortgage costs) now at 10,4%, "drastic" measures are required. "This is way above the upper limit — you don’t have to be a genius to tell interest rates have to tighten," he said.