Fallen rand is toast in the machine
In the ungodly hours of Monday morning, for a fleeting moment the rand fell to R14 to the dollar, its lowest level in history. Although Standard Bank trader Warrick Butler was wide awake…MG
Rand's spiral offers no real silver lining
Amid poor economic data, most notably poor gross domestic product (GDP) numbers and a weakening currency, the low oil price is a reminder that things could be worse…MG
Producer inflation dip promises brief respite
The production costs of producers rose much slower than expected last month, which should limit the extent to which they pass on higher prices to consumers…BDLIVE
Nene holds off on 2% growth revision
Finance Minister Nhlanhla Nene said on Thursday the government would have to be realistic in its economic growth forecasts when it presents its medium-term budget in October, but it is hard to…BDLIVE
Drought: Land Bank will help farmers
The drought that has hit key agricultural provinces hard, causing anxiety over food security and the spectre of higher food price increases, has not affected the…BUSINESS REPORT
Retailers rue costs of power outages
Two of SA’s largest retailers on Thursday offered a measure of consumers’ financial health and the economy when they posted mixed-sales growth, indicating a squeeze on…BDLIVE
Ramatlhodi mired in new mine rights row
Aquila Resources, a subsidiary of China’s state-owned Baosteel, which has had a long-running battle with the Department of Mineral Resources over a manganese deposit, is poised to approach the courts to seek a judicial review if a…BDLIVE
Producer inflation for July decreases marginally
Producer inflation for final manufactured goods was 3.3% year on year in July, decreasing marginally from the 3.7% year-on-year rise recorded in…BDLIVE
PPI slows in July
South Africa’s Producer Price Index unexpectedly slowed in July, dropping down to 3.3 percent from 3.7 percent in the previous month…BUSINESS REPORT
Nene says state concerned about effect of economic slowdown on revenue
The government is concerned about its ability to raise revenue in the light of an economic downturn, Finance Minister Nhlanhla Nene said on…BDLIVE
Nene concerned by economic downturn
South Africa's government is concerned about its ability to raise revenue in the light of an economic downturn, Finance Minister Nhlanhla Nene said on…BUSINESS REPORT
Low dollar-debt shields SA from weak rand
South Africa’s low dollar debt levels are helping to shield government finances from a weakening rand, Finance Minister Nhlanhla Nene said…FIN24
Weather hurts SA’s consumers
Inconsistent weather patterns are taking a toll on the agricultural sector, and are likely to lead to damaging consequences for the industry and consumers…BUSINESS REPORT
Volkswagen to Invest $340 Million in South African Car Business
Volkswagen AG, which is seeking to become the world’s largest automaker by 2018, is investing more than 4.5 billion rand ($340 million) in South Africa for…BLOOMBERG
Concealing the Abil
In 2001, the inquiry into Regal`s collapse was public and the findings were out in eight months. What`s so different in this case? The anniversary of African Bank`s implosion whistled past this…FM
Grim outlook for consumers
While there’s some good news expected at the petrol pumps next Wednesday, it will be short lived and the outlook for consumers is grim…BUSINESS REPORT
Ramaphosa: SA will find solution to economic slump
While South Africa’s economy is on a downward slope now, it will resurge and “go up as it has always done in the past”, Deputy President Cyril Ramaphosa told journalists in Tokyo on…FIN24
Take-home salaries rise, pensions top inflation
Salary earners are better off despite higher personal income tax rates and higher medical insurance deductions, the BankservAfrica Disposable Salary Index (BDSI) showed on…FIN24
Survey finds salaries have increased faster than inflation
The take-home pay of formal-sector employees increased faster than the inflation rate, which may have supported consumer spending…BDLIVE
SA unions call for collaboration
Trade unions were still relevant for workers in the country and they needed to be united to push their interests…BUSINESS REPORT
Huge focus on platinum in SA mine jobs plan
The mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a…FIN24
SA's Reserve Bank is driven by panic: Economists
Economists say the statement by the Reserve Bank is driven by panic. The central bank said it may intervene in the exchange rate after the…SABC NEWS
Economy contracts unexpectedly in second quarter
The economy contracted unexpectedly in the second quarter of this year compared with the first quarter — the first drop since the first quarter of last year…BDLIVE
SA’s economy contracts
South Africa's economy contracted by 1.3 percent in the second quarter of 2015 after rising by 1.3 percent in the first three months of the year, Statistics South Africa said on…BUSINESS REPORT
SA GDP contracts by 1.3% in second quarter
South Africa’s real Gross Domestic Production (GDP) contracted by 1.3% in the second quarter of 2015, Statistics South Africa has announced on…FIN24
Higher prices concern as rand drops to record low
The rand’s slump to a record low against the dollar on Monday after a 15% depreciation this year may force interest rates higher and lead to food price increases…FIN24
Rand ‘getting caned’ amid fears after record low
The rand tumbled to a record low and stocks sank the most in more than five years on concern that plunging global commodity prices will worsen the country’s economic outlook…BDLIVE
Rand extends gains as global mood perks up
The rand extended gains at midday on Tuesday, with a broad recovery in equity markets outweighing the weak domestic gross domestic product (GDP)…BDLIVE
First-quarter revenue collection falls short of target
Revenue collection in the first quarter of the 2015-16 fiscal year was R2.1bn below the targeted R245bn for the period…BDLIVE
‘I made mistakes, she’s making drama’
Axed Passenger Rail Agency of South Africa (Prasa) chief executive Lucky Montana has declared war on Thuli Madonsela after her report on Monday that Prasa had blown billions under his…BUSINESS REPORT