President Jacob Zuma is trying to reassert his authority by bidding to wield greater control over state-owned companies after the ANC’s worst-ever electoral showing. The cabinet announced plans on Monday
Browsing: Mike Schussler
The quick succession of news that South Africa’s economy shrank by 1,2% in the first quarter of 2016 followed by news that ratings agency Fitch had spared the country from junk status sent the rand on a quick roller-coaster ride
Experts are divided on the impact that the Protection of Personal Information (Popi) Act, due to take effect in the near future, will have on the South African economy. Some say it will hamper local businesses while others maintain it will enhance trade with countries that have stringent
Acting Eskom board chairman Ben Ngubane disclosed in the utility’s integrated report that Eskom has already applied for a further R38bn of revenue to be generated through electricity tariffs. This application is currently under consideration by energy regulator Nersa
Financially embattled Eskom has run to the government for additional funding to pay its spiralling bills. But the treasury has refused and said it will not fund the utility from its strained coffers, and the energy regulator couldn’t help even if it wanted to. Faced with a shortfall
Consumers are struggling to pay monthly expenses and long-running strikes are undermining the foundations of the economy, BankservAfrica’s Economic Transaction Index has found. “With strikes, floods, and power constraints being the order of the day it
The number of employers inthe small and medium enterprise (SME) sector has risen by 6% year on year, according to the latest Absa SME Index. The index rose to its highest level in four years, though self-employment showed a slight decrease from the first quarter of 2013, Absa
South Africans can expect a tough two years ahead as the economy feels the pinch of strikes, analysts said on Thursday. “Unless we have sensible heads putting their hands up now, we’re going to see a [downward] spiral for the next few years,” said
Creating jobs isn’t just expensive, it’s getting more expensive. Cloud computing may offer one way of reducing the cost, meaning money allocated to job creation could go further and reduce unemployment faster in the process. This is the view of economist Mike Schüssler
All currencies are based on trust. In the days of the gold standard, that meant trusting that paper money was backed by bullion in a reserve. Centralisation was necessary in order to prevent counterfeiting and ensure money wasn’t simply printed on a whim. Of course, experience