Sarb's revised growth figure a surprise for some economists
Reserve Bank Governor Lesetja Kganyago announced on Thursday that growth had been revised downwards to 1.2% from 1.7%.
Kganyago: Sarb won’t hesitate to increase repo rate
Lesetja Kganyago says inflation has continued to increase and the bank needs to keep the figure within the target range of between 3% to 6%.
Economists expect interest rate to remain unchanged
Consumers are already facing a substantial rise in the cost of living with rising fuel prices and increased VAT and bondholders are worried about further financial pressure.
Numsa blames Eskom’s financial woes on IPPs, bloated top management
Eskom has revised its offer to 6.2% for this year and 6% for the next two years or inflation-based if higher.
Will unions accept Eskom's revised 6.2% wage offer?
Wage talks reconvened on Thursday morning between Eskom, Numsa, the National Union of Mineworkers and Solidarity. The labour unions have been demanding a 9% hike.
Moody's upgrades Gold Fields to investment grade
It’s a boost for the mining industry, which has been hit by a weakening gold price.
Eskom wage talks on hold as board to discuss unions' offer
The National Union of Mineworkers, National Union of Metalworkers’ Union (Numsa) and Solidarity met with Eskom on Thursday after presenting a 9% counter proposal.
Unions await Eskom response to wage counter offer
The unions rejected Eskom's 4.7% offer but didn't give details of their proposal, saying that the situation is delicate.
Liberty 'closing security vulnerabilities' after system hacked
Liberty says specialist teams immediately began investigating the incident and the relevant authorities were also alerted.
Signs show SA economy is growing - Treasury
Treasury says it believes changes in political leadership have led to a significant improvement in economic confidence and government is prioritising inclusive growth.
Basil Read files for business rescue after cash flow problems
Reuters is reporting that Basil Read’s construction division has been experiencing cash flow difficulties for some time.
Fitch affirms South African rating, outlook stable
It says its rating takes into consideration signs of recovering governance standards and the prospects of mild cyclical recovery.
Fireworks, Putin at 2018 Fifa World Cup opening ceremony
An estimated 80,000 people, including Russian president Vladimir Putin, have packed the stadium.
Police leadership summoned to Parliament over security at stations
Committee head Francious Beukman says it’s clear that police management has not addressed security despite being asked to do so.
KPMG cuts ties with Saica
KPMG has been under fire due to its handling of the Gupta family’s accounts, with the firm later changing its leadership.
Treasury, business leaders welcome S&P decision on SA credit ratings
Treasury says escaping junk status is a top priority and it's focusing on achieving higher economic growth and fast-tracking reform at state-owned entities.
[ALERT] Reserve Bank keeps repo rate unchanged at 6.5%
Reserve Bank governor Lesetja Kganyago made the announcement in Pretoria this afternoon.
Sarb to announce decision on repo rate
Figures released by Statistics South Africa show inflation increased to 4.5% year-on-year for April from 3.8% in March.