Business News 21.2.2018 02:57 pm

Gigaba says no to nuclear for SA right now

Gigaba was referring to remarks made by then-Deputy President Cyril Ramaphosa at the World Economic Forum last month.

Finance Minister Malusi Gigaba on Wednesday remained firm that South Africa could not afford to embark on a nuclear power expansion programme, adding that for the moment the country's new coal-powered stations provided adequate supply.

Gigaba says no to nuclear for SA right now
Gigaba says no to nuclear for SA right now

Gigaba says no to nuclear for SA right now

Gigaba was referring to remarks made by then-Deputy President Cyril Ramaphosa at the World Economic Forum last month.

Ratings downgrade could slash SA’s growth prospects
Business News

Ratings downgrade could slash SA’s growth prospects

The budget review cautioned that should Moody’s move to downgrade the country to sub-investment status, this would slash the National Treasury’s growth forecast for the current year by half.
SA’s economic growth forecast revised upward
Business News

SA’s economic growth forecast revised upward

Malusi Gigaba put GDP at one percent for 2017, up from the 0.7 percent forecast during the October medium-term budget policy statement.
One-percent VAT increase not aimed at punishing the poor – Gigaba
Business News

One-percent VAT increase not aimed at punishing the poor – Gigaba

VAT has the least effect on the poor compared to other tax hikes the National Treasury could have introduced, says Gigaba.
SA’ s annual consumer inflation slows to 4.4 percent in January – Stats SA
Business News

SA’ s annual consumer inflation slows to 4.4 percent in January – Stats SA

The consumer price index increased by 0.3 percent month-on-month in January.
Key areas to look out for in the 2018 budget
Business News

Key areas to look out for in the 2018 budget

Tax sources that could be targeted, and possible problems in implementation, as explained by personal tax expert Rob Cooper from Sage.
SA’s ratings fortunes in the hands of policymakers – S&P
Business News

SA’s ratings fortunes in the hands of policymakers – S&P

Optimism about political change but economic challenges persist.
AngloGold Ashanti says full year production rises 4 percent
Business News

AngloGold Ashanti says full year production rises 4 percent

The company said it had also delivered a strong exploration result, with most of the year’s production replaced given success across a broad front.
The self-driving car of investments
Business News

The self-driving car of investments

Would you let a machine manage your unit trust?
3 retirement myths busted
Business News

3 retirement myths busted

Risk and investment planning ‘inextricably linked’.
Can SA be a developmental state under Ramaphosa?
Business News

Can SA be a developmental state under Ramaphosa?

It may be a long shot for now. The new president must implement reform measures to growth the economy and root out corruption.
When Zimbabwe was the freest economy in the world
Africa

When Zimbabwe was the freest economy in the world

It was just a few years ago, when the MDC managed the country’s purse strings.
Clicks employees to share R1.3bn through BEE scheme
Business News

Clicks employees to share R1.3bn through BEE scheme

Clicks said the second and final payment would be made in 2019, adding to R34 million in dividends given to employees over the past six years.
Amplats says has delivered on restructuring portfolio, repositioning business
Business News

Amplats says has delivered on restructuring portfolio, repositioning business

Amplats said it had repositioned its portfolio with 70 percent of production in the first half of the cost curve after completing the disposal of Amandelbult mineral resources.
Winds of positive change blowing over markets
Business News

Winds of positive change blowing over markets

Anthea Gardner of Cartesian Capital shares her outlook for the markets.
Sassa set to give CPS more powers in grant distributions
Business News

Sassa set to give CPS more powers in grant distributions

CPS also wants to be paid a ‘reasonable’ fee if its contract with Sassa is extended for another six months.
SA’s rand weakens on Zuma’s refusal to resign
Business News

SA’s rand weakens on Zuma’s refusal to resign

The local currency had fallen to 11.99 early on Tuesday as markets awaited the outcome of an ANC meeting on Zuma’s fate, before climbing to around 11.88 later in the day after the party said it was recalling him.
Stats SA data reveals WC as SA’s highest job creator
Business News

Stats SA data reveals WC as SA’s highest job creator

Western Cape MEC for Economic Opportunities Alan Winde said according to the statistics, the Western Cape created 92,000 jobs in the last quarter of 2017.
Payment clearing house BankservAfrica appoints new chairperson
Business News

Payment clearing house BankservAfrica appoints new chairperson

BankservAfrica is an automated clearing house based in Johannesburg and operates both nationally and across Africa.
Vodacom says revenue up 6.7 percent to R22.6bn in quarter to December 2017
Business News

Vodacom says revenue up 6.7 percent to R22.6bn in quarter to December 2017

odacom said it added 2.5 million active customers during the quarter.
Will Viceroy’s Capitec report become a self-fulfilling prophecy?
Business News

Will Viceroy’s Capitec report become a self-fulfilling prophecy?

While the market takes comfort in Capitec’s damage control, there are concerns about a run on the bank.
Fears of another Sassa crisis intensify
Business News

Fears of another Sassa crisis intensify

Little progress in the Post Office’s plans to take over social grants. The blame is laid at Sassa’s door.
Benguela Fund Managers: Viceroy is right
Business News

Benguela Fund Managers: Viceroy is right

The boutique firm had already expressed similar concerns to Capitec.


hot tips of the day
BEST BET

VALUE BET

RACE MEETING

hot tips of the day

poll

today in print