Discovery surges despite profit warning
The shares of financial services group Discovery surged 6. 64percent on Friday.
NHI expenditure will be R450bn, projects Fitch
Fitch Solutions, a unit of the Fitch Group, said on Friday that it projects the government?s healthcare expenditure will reach nearly R450bn by 2028.
Bonds, equities lose their lustre
South African bonds and equities lost their lustre in the torrid August.
Economists give a cautious thumbs-up for Tito Mboweni growth plan
Most say Finance Minister's new growth plan could help to pull the country?s struggling economy from stagnation.
Eskom will go bust by March unless funding model is executed – Treasury
Treasury fell short of giving the legislators an ultimatum to approve the special appropriation bill to provide R59bn in additional financial support.
Government looks at agriculture and tourism for jobs
Government has identified the agriculture sector and tourism as key industries in its efforts to arrest the runaway unemployment rate.
Government tackles late payments to SMMEs
Government is considering allowing small business who do business with the state to be able to charge government interest over late payments.
Government targets 1 million jobs
Government hopes that the proposed reforms contained in an economic policy paper released for public comment yesterday will help create 1million jobs.
Banking and retail stocks reel on the JSE
Banking and retail stock reeled yesterday as the sentiment-sensitive stocks reflected the weakness of the South African economy.
Marketing South Africa’s prime attractions for tourists
The two organisations, who visited Switzerland this week, said the global roadshow was meant to engage with key travel and trade stakeholders.
Council approves the merger of CompCare and Selfmed
Amalgamation meant to strengthen the two schemes and to ensure ongoing value for members.
Treasury plan to sell Eskom coal plants set to raise R450 billion
The National Treasury has issued the first real indication of its plans to unbundle Eskom.
Naspers puts Prosus’ value at $100 billion
Listing will reduce the group?s index weighting on the JSE and create a new platform to attract broader demand
Agbiz calls on government to reduce animal diseases in SA
Agriculture Business Chamber called on the government to introduce incentives to reduce the spread of animal disease in South Africa.
Three strikes and you're out, says Fitch
Fitch warned the upcoming medium-term budget policy statement would determine its further outlook on the country's foreign sovereign debt.
Missed payments and suspension of future payments bring Cell C to its knees
Financial woes facing mobile operator Cell C mounted on Thursday after rating agency S&P Global Ratings lowered the company's rating to default.
Government master plan to make producers more competitive
The dti says that the poultry industry and the government had begun work together to open up new export markets for South African poultry.
Low inflation a 'brief window' for a repo cut
StatsSA said inflation in July moderated to 4 percent from 4. 5 percent in June, below the Sarb?s target band of 3 percent to 6 percent.
Funds go to interest bearing portfolios
The Association for Savings and Investment SA said domestic Collective Investment Schemes (CIS) investors have taken a cautious approach.
Inflation at a seven-month low in July
South Africa?s inflation rate in July dropped to a seven-month low, opening the door for further interest rate cuts.
Assets managed by black-owned firms surge 18% to R579bn
Merger and acquisition activity increased, with established firms doing deals to become black-owned and transforming their investment team.
AfCFTA will open additional avenues to market agro products
African remains an important export market for South Africa?s agricultural sector given that about 88% of agricultural exports currently go to SADC.
Visitors spend R5. 5bn on accommodation in South Africa
Guesthouses and guest farms received R274?million in the period, while caravan parks and camping sites got R87. 4m.
The National Credit Amendment Bill is now set to become law
South Africa?s banks are set for more pressure on their bottom line with the controversial National Credit Amendment Bill set to become law.
IDC remains a strong institution with a healthy balance sheet
Despite the ailing local economy, the firm?s financing and investment contribution to SA economy had been sustained at meaningful levels.