Business News

Budget: We have heard your pleas, says Gordhan

(26 February 2014)

Finance Minister Pravin Gordhan’s final Budget speech before elections in May is a masterplan to please the masses. On the eve of an election in the historically significant 20th year of South African democracy, Finance Minister Pravin Gordhan sang a […]

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Economic week ahead: Markets eye Gordhan’s budget speech

(24 February 2014)

This week, SA’s finance minister will give his budget address while the US Federal Reserve chief is set to resume her testimony on monetary policy. Finance Minister Pravin Gordhan’s budget address and South Africa’s latest growth figures are the big items […]

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Economic week ahead: SA inflation update

(17 February 2014)

After the country’s annual inflation rate rose to 5.4% in December, the next big item on SA’s data calendar would be this week’s CPI report. South Africa’s latest inflation data, and a rates decision from the Bank of Namibia are […]

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Taxing times ahead for Gordhan

(7 February 2014)

Slow growth, a rising deficit — and an election — leave the finance minister little room to manoeuvre. The situation is likely to get tougher for consumers in the immediate future, economists warn, with tax increases being seen as one […]

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Mandela’s will could lead to more family squabbles

(4 February 2014)

Nelson Mandela’s will could reignite a power struggle after he chose Graca Machel, Makaziwe and Zenani to represent the family on big decisions. Former president Nelson Mandela appointed Graça Machel, Makaziwe and Zenani Mandela to represent the family in making important […]

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MPC increases repo rate to 5.5%

(30 January 2014)

Reserve Bank governor Gill Marcus has announced an increase of 50 basis points in the repurchase rate, due to a weak rand and inflationary risks. “The MPC [Monetary Policy Committee] has decided to increase the repurchase rate by 50 basis points […]

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Economic week ahead: SA Reserve Bank, US Fed to set rates

(27 January 2014)

South African Reserve Bank and US Federal Reserve policy meetings is foreseen to dominate the week, although neither is expected to change rates. Policy meetings at the South African Reserve Bank and US Federal Reserve will dominate the economic week […]

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New strikes set to be Amcu’s biggest test yet

(21 January 2014)

Amcu will face its biggest hurdle yet as strikes in the platinum and gold industry reveal wide divisions within the union. The Association of Construction and Mineworkers Union’s (Amcu’s) strike within the platinum and gold sectors this week is set […]

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Economic week ahead: SA’s anticipated inflation data

(20 January 2014)

Following the Central Bank of Nigeria’s announcement of its rates decision, investors will turn their attention to SA’s latest inflation figures. Data scheduled for release on Wednesday is likely to show that inflation is on the rise in Africa’s largest […]

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