SABMiller sold less beer than expected in the first three months of 2009 as economic conditions worsened and demand fell in most of its markets.
Details on stress tests measuring how well US banks will weather difficult economic conditions are to be disclosed to promote investor confidence.
We will only really know if this is the bottom of the market in about a year’s time when we can look back at the data.
If there is a company that has been badly affected by the economic maelstrom, it is paper giant Sappi, which lost 80% of its market value.
As the financial crisis continues to slam world markets, people around the world seem to be moving closer to God — and praying for a way out.
The rump of Conrad Black’s former newspaper empire, Sun-Times Media, filed for bankruptcy protection recently.
While the financial crisis will hurt us all, it is the world’s poorest who stand to suffer most.
Barack Obama is deploying every weapon in the presidential armoury to bolster his economic rescue strategy.
The global financial crisis presents a ”great” opportunity to create a socially just economic system, an economic researcher said on Wednesday.
SA Reserve Bank Governor Tito Mboweni said on Wednesday that there is a need for more frequent Monetary Policy Committee meetings.
From Kinshasa to Cairo, economic growth on the continent is set to drop, writes Lynley Donnelly.
The bad news is that the SA economy is in recession, says a leading economist. The good news is that we’re halfway through. Kevin Davie reports.
The gravity of the current economic crisis demands strong leadership from key players in our economy, President Kgalema Motlanthe said on Saturday.
The Group of 20 finance ministers sought on Saturday to reassure struggling countries that they could rely on international aid.
China and Japan said they were ready on Friday to boost spending to fight the downturn as a rift widened over the global response to the crisis.
Dual currency is making the streets of Harare feel like a million dollars because everyone wants to Eet-Sum-Mor, writes Stanley Kwenda.
Just ahead of a major global economic summit, Barack Obama is calling for allies to develop more aggressive steps to jump-start their own economies.
The April elections will take place as peacefully as previous ones, says African National Congress (ANC) president Jacob Zuma.
Toyota, the world’s biggest carmaker, is considering plans to put its European workforce on a three-day week.
As the International Monetary Fund seeks ways to help Africa through the global economic crisis it faces mistrust stemming from past mistakes.
The minister of communications says three separate reports will guide the government on what should be done about the financial distress of the SABC.
The tourism industry should do ”everything possible” to protect jobs in light of a ”looming recession”, ANC president Jacob Zuma said on Tuesday.
High levels of indebtedness and continued global volatility have stifled consumers’ appetites for buying big ticket items such as cars.
The American stimulus package includes a great global experiment — to see whether such unprecedented spending can also tackle climate change.
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/ 27 February 2009
The South African economy needs a bail-out in the form of cheaper money — for all of us.
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/ 24 February 2009
The DA on Tuesday said Finance Minister Trevor Manuel and government’s new economic task team must act faster to save local jobs.
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/ 23 February 2009
The farmlands of central China hold no future for Li Honglin, but she’s trapped there until word comes from a clothing factory where she used to work.
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/ 17 February 2009
Since the end of the 27-year war, Angola has emerged as one of the world’s fastest-growing economies with an average annual GDP growth of 15%.
Finance Minister Trevor Manuel and US President Obama both like to get more bang from each buck.
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/ 11 February 2009
Glut expected on market as demand plummets for 2008’s must-have executive perk.
History shows that protectionism has seen markets through the toughest times. Larry Elliott asks whether we shouldn’t look at the model.
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/ 9 February 2009
There was a time in the development of the present monetary system when you’d not accept a coin without biting it to check its authenticity.