Phumza Macanda

State says Moody’s worries on politics overdone

South Africa has played down suggestions from Moody's that political pressure could lead to a further deterioration in public finances.

Reserve Bank dovish, factory rise seen as blip

The Reserve Bank's note about the economy has hinted at a chance of a rate cut, despite a stronger-than-expected performance in the factory sector.

Expenditure growth slows in second quarter

The pace of spending in the economy slowed sharply in the second quarter -- partly as household consumption eased -- but investment has picked up.

SA current-account deficit at seven-year low

South Africa's current account gap narrowed to a seven-year-low in the fourth quarter of 2010, while expenditure slowed, the Reserbe Bank said.

Nationalisation not govt policy, Gordhan reiterates

Nationalisation of South Africa's mines and other economic assets is not government policy, Finance Minister Pravin Gordhan said on Monday.

Gordhan says 7% GDP crucial for jobs

South Africa needs to double the rate of its economic growth in order to create jobs, Finance Minister Pravin Gordhan said on Thursday.

May retail sales climb, jury out on rates

South African retail sales rose more than expected in May, growing for the fifth month in a row ahead of the soccer World Cup.

Gordhan, AG to probe ‘wasteful’ ticket spending by govt

Finance minister and auditor general are to investigate World Cup ticket purchases by government agencies amid concerns over "wasteful expenditure".

SA’s current-account gap widens in first quarter

The deficit on South Africa's current account widened more than expected in the first quarter.

SA credit demand falls, corporates weigh

Demand for credit from South Africa's private sector fell more than expected in April, reflecting companies' reluctance to borrow further.

SA retail sales down

South African retail sales fell more sharply than expected in November, highlighting the weakness of consumer demand.

Latest

R80-million: The cost of evacuating South Africans from Wuhan in China

The government is expected to evacuate citizens from Wuhan, where the coronavirus outbreak originated

Primedia CEO Essack leaves following internal battles

Omar Essack leaves the 702 and 94.7 owners after a protracted standoff with the board

LIVE BLOG: Fin Min Tito Mboweni presents the 2020 budget

The budget is usually scheduled for the second-last Wednesday in February, and the ratings agencies deliver their decisions after assessing the country’s plans for the fiscal year ahead

Press Releases

Tourism can push Africa onto a new path – minister

The continent is fast becoming a dynamic sought-after tourist destination

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income

SAB Zenzele Kabili B-BBEE share scheme

New scheme to be launched following the biggest B-BBEE FMCG payout in South Africa’s history

Digging deep

Automation is unstoppable, but if we're strategic about its implementation, it presents major opportunities

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it's best to do your research first to find out if a TFSA is really suited to your needs

Achieving the litmus test of social relevance

The HSS Awards honours scholarly works based on their social relevance and contribution to the humanities and social sciences