Ministers no-show at Parly meeting over Eskom debt
Business
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The rand firms on easing trade tensions, stocks down
At 1535 GMT the rand was 1.0% firmer at 15.1525 per dollar.
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Rand slips to new 11-month worst as local politics weigh
At 1515 GMT, the rand was 0.5% weaker at 15.3375 per dollar, its weakest since 6 September 2018.
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JUDITH FEBRUARY: Are we being sold healthcare utopia for the poor?
This state has shown itself to be entirely incapable of running anything. Who will run an NHI fund serving the entire country, asks Judith February.
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SA approach to immigration issue will kill investor confidence, says forum
Over 400 undocumented immigrants were arrested this past week after they were confirmed to be in the country illegally.
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No need for IMF bailout but SA must be financially prudent - Mthembu
Minister in the Presidency Jackson Mthembu said that while there was no appetite from government to approach the International Monetary Fund (IMF) for a bailout, there was a need to exercise prudent financial management.
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Rand hits new 11-month low, stocks firm
Poor economic data, worries about financial troubles at state-owned power firm Eskom and negative commentary from credit rating agencies have all contributed to recent rand weakness.
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Government will not approach IMF for bailout, says Mthembu
Several commentators and leading business people warned that South Africa could be forced to go to the IMF with a begging bowl unless drastic measures were taken to address the economic crisis.
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Nedbank demands action on ecomomy as South African profit stagnates
Initial optimism around President Cyril Ramaphosa’s ability to revive the economy, dubbed ‘Ramaphoria’, has faded and left South Africa’s business community increasingly frustrated.
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SA's private-sector activity slips further in July - PMI
IHS Markit’s Purchasing Managers’ Index (PMI) fell to 48.4 in July from 49.7 in June, further below the 50-point mark that separates expansion from growth.
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Public sector unions: Workers anxious over job security
The government was on a drive to reduce the number of public servants through early retirement offers, but more recently Treasury suggested about 10% could be cut from workers’ salaries.
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Cosatu reiterates call for moratorium on job cuts
The labour federation said employers had become too reliant on cutting jobs when faced with operational challenges, instead of considering other solutions.
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Organised labour: Govt's run out of ideas to revive economy
The country’s organised labour said that the government appeared to have run out of ideas on how to revive the economy.
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We must accept SA economy in serious crisis - Black Business Council
The Black Business Council has likened government’s response to the economic and unemployment crisis to that of a deer in the headlights.
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CARTOON: The political tussle
Dr Jack
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In townships, 'unseen' businesses catch a big bank's eye
FNB has set its sights on the townships as it prepares to defend its No. 1 position from rival Capitec and new digital lenders such as TymeBank and Bank Zero which have shaken up the retail market.
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Rise in SA's unemployment
South Africa's unemployment rate hit 29% in the second quarter of 2019, the highest level since the first quarter of 2008.
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ANC admits factional fighting negatively affecting SA economy, society
While the ANC had been open about its concerns over the high unemployment rate in the country and slow economic growth, the party had rarely ever taken responsibility for the decline.
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Ramaphosa urged to show leadership as unemployment rate shocks
Stats SA on Tuesday revealed the official unemployment rate was 29%, the highest in more than a decade.
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Ramaphosa is 'last hope' for SA, Chinese diplomat says
Upgrading South Africa’s antiquated railway network, modernising Durban port and reforming power firm Eskom would also help bring in Chinese money.
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Economists monitoring Moody's in wake of Fitch ratings decision
On Friday, Fitch announced that it was changing its outlook for South Africa from stable to negative and also kept South Africa's long-term foreign and local currency debt on BB plus.
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Fitch revises SA outlook to negative, affirms BB+ rating
Fitch said South Africa's outlook revision reflects a marked widening in the budget deficit as a result of lower GDP growth and increased spending.
