Economists give a cautious thumbs-up for Tito Mboweni growth plan

Kabelo Khumalo|Published

Most say Finance Minister's new growth plan could help to pull the country?s struggling economy from stagnation.

Treasury plan to sell Eskom coal plants set to raise R450 billion

Kabelo Khumalo|Published

The National Treasury has issued the first real indication of its plans to unbundle Eskom.

Naspers puts Prosus’ value at $100 billion

Kabelo Khumalo|Published

Listing will reduce the group?s index weighting on the JSE and create a new platform to attract broader demand

Higher retail sales signal South Africa may have dodged a recession

Kabelo Khumalo|Published

StatsSA said that its data showed retail purchases lifted 2. 4?percent year-on-year in June, following a 2. 3?percent rise the previous month.

Rand plunges as possible downgrade, global recession fears take their toll

Kabelo Khumalo|Published

The Chinese industrial output reached its weakest level in 17 years while the US Treasury bond yield curve inverted for the first time in 12 years.

Absa to expand its agriculture loan book in Africa

Kabelo Khumalo|Published

Absa CIB agriculture head says lender wanted to grow its footprint in both its domestic market and the rest of the continent due to strong demand.

L2D Edcon exposure will be less than 4%

Kabelo Khumalo|Published

Liberty Two Degrees said yesterday that it was in a drive to reduce its exposure to Edcon.

Output up-tick puts brakes on recession

Kabelo Khumalo|Published

Sector shows a strong rebound in April, pushing output to a three-year high and calming fears of a possible recession in the second quarter.

Absa to widen its insurance net

Kabelo Khumalo|Published

Regaining leadership in the retail and business banking space in SA is a group priority

Rand plunges nearly 2% as GDP contracts

Kabelo Khumalo|Published

Banking stocks also tumbled, wiping billions of rand in value as StatsSA said its data showed that the economy shrank 3. 2% quarter on quarter.

Consumer prices in SA surprise on downside

Kabelo Khumalo|Published

Portfolio manager at PPS Investments Luigi Marinus said although inflation remained contained a rate cut was unlikely.

Sasol shares dive after revised costs

Kabelo Khumalo|Published

A further $1?billion (R14. 4bn) will be needed for the completion of its ambitious Lake Charles Chemicals Project.

Bezuidenhout front runner to head Mango

Kabelo Khumalo|Published

A spectacular comeback that is set to shake the low-cost airline industry

Investors snap up Nedbank green bonds

Kabelo Khumalo|Published

* R1. 7bn placed to fund renewable energy projects * Issuance three times oversubscribed by R3. 8bn

Households under pressure as buying power shrinks by R449. 8bn

Kabelo Khumalo|Published

South African households suffered the biggest financial losses last year, with nearly half-a-trillion rand lost in net worth.

Slow pace of structural reforms stifles investment

Kabelo Khumalo|Published

The World Bank warned that low business confidence that is partly driven by the slow pace of structural reforms would hold up investment growth in SA.

‘Load shedding eroding attempts to cut data costs’

Kabelo Khumalo|Published

The Competition Commission this month said it intended to release its provisional report into its inquiry into data prices by the end of this month.

OPINION: Eskom bound for demise under status quo

Kabelo Khumalo|Published

The unfolding horror at Eskom demands that the power utility must at some point face its Brexit moment.

Rise in trade and manufacturing

Kabelo Khumalo|Published

SA's fourth quarter formal business turnover brings total spending to R2. 57?trillion

Moody’s backs SA’s credit profile but warns of Eskom risk

Kabelo Khumalo|Published

However, it warned that Eskom would remain the main source of contingent liability risk for the fiscus.

PMI plunges to a 5-month low on rolling power cuts

Kabelo Khumalo|Published

The PMI fell to 45?points last month from 46. 2?points in February, the reading pointed to the third consecutive contraction in manufacturing activity.

Big four stock rises on Moody's latest rating decision

Kabelo Khumalo|Published

The all-share index closed the trading session up 1. 15?percent at 57?109. 64, with the banking sector doing the heavy lifting.

Sars to beef up business centres, closing taps on illicit economy

Kabelo Khumalo|Published

Sars said its preliminary revenue forecast showed that it managed to collect R1. 287?trillion against the revised target of R1. 302trln in February.

TymeBank, SA's first fully digital-driven bank, goes live

Kabelo Khumalo|Published

The race for lending to small and medium-sized enterprises (SMEs) heated up yesterday as the country?s first fully digital bank, TymeBank, went live.

Discovery business initiatives sink profit but group remains upbeat

Kabelo Khumalo|Published

Discovery yesterday posted a 16?percent fall in its interim profit on the outlay in new business initiatives, particularly its banking offering.