Where am I? Fin24.com > Economy

Manuel dismisses recession talk

Feb 12 2009 18:04

Finance Minister Trevor Manuel has reiterated that SA was not in recession, but the Treasury warned that there were downside risks to growth.

Economy

'Budget, Zim no threat to SA'

Feb 12 2009 17:00

Amid rumours that SA faces a ratings downgrade, agencies have denied that the new budget and Zimbabwe will affect their decisions.

Economy

Explain yourself, SAA

Feb 12 2009 15:59

The director general of the Treasury says they are tired of answering for the sins of South African Airways. "They must answer for themselves."

Economy

China 'to spend $1bn in Africa'

Feb 12 2009 14:25

China plans to spend $1bn in Africa on commodity and industrial projects by October 2009 as its growth hits a sustainable level, says an analyst.

Economy

Can SA build wind turbines?

Feb 12 2009 09:16

Experts believe SA has the potential to become an exporter of wind turbines to generate electricity - but not everyone is fired up about the idea.

Economy

'Key is to keep economy alive'

Feb 12 2009 09:16

Trevor Manuel says that in the face of stiff headwinds from offshore, it is critical to employ policies that keep SA's economy alive.

Economy

Africa gets key World Bank seat

Feb 12 2009 07:55

The World Bank governors have approved an extra board seat for Sub-Saharan Africa, tipping the developing world into a board majority as part of institutional reforms.

Economy

Zim welcomes idea of rand link

Feb 11 2009 20:51

Zimbabwe's central bank governor has welcomed the idea of adopting the rand as an anchor for the virtually worthless Zimbabwean dollar.

Economy

NUM declares 'war' on layoffs

Feb 11 2009 16:11

The National Union of Mineworkers has warned there will be "war" if mining companies push ahead with retrenchments without proving they have no other options.

Inside Fin24.com

Budget in a nutshell

Here are the highlights and lowlights from the 2009 budget speech.

FULL TEXT: Budget speech

Read the full text of Finance Minister Trevor Manuel's national budget speech.

Relief for mining sector

Besieged local mines won't have to deal with the mining royalties regime this year.

Over 20 000 tips for Trevor

The "dysfunctional" Sars call centre, anti-retroviral treatment and tax on whiskey feature.

Booysen: Big risks remain

SA could easily enter a phase of negative growth, Absa's outgoing CEO has warned.

Stimulus - will market rise?

Joe Meyer takes a look at what the charts say about the US economic stimulus package.

Economy

'SA already in recession'

Feb 10 2009 17:02

A shock slump in manufacturing output provides further proof that the SA economy is in the midst of a recession, economists say.

Economy

Solidarity: 35 000 jobs to be cut

Feb 10 2009 14:28

The announcement by Anglo Platinum, that it plans to cut about 10 000 jobs this year brings to nearly 35 000 the number of planned retrenchments in SA.

Economy

Zim's new finmin to woo West

Feb 10 2009 19:47

Zimbabwe's new finance minister has been charged with winning the confidence of Western donors.

Economy

Mining/energy ministry to be split

Feb 09 2009 12:08

The government will this year split the Department of Minerals and Energy into two separate ministries for mining and for energy.

Latest Headlines

Economy Explain yourself, SAA Can SA build wind turbines? Africa gets key World Bank seat	Business Income tax rewrite process on way CCMA helps save 495 mine jobs Absa: Govt must save BEE mines	Markets Bonds weaker as rand hits R10/$ Bonds reverse gains, move weaker JSE knocked by profit taking
Investing Investing for your children SA investors burnt? Growth stocks 'set to blossom'	My Business Outsourcing gains ground Good starters, poor finishers? Businesses: blog or bust	Companies New CFO for Netcare BCX: a mixed bag Kelly lives up to expectations

More...

Indicators

Last updated: Thu 18:44

	Value	%
All Share	20,665.91	-1.85
Top 40	18,592.85	-2.19
Resource 20	38,097.46	-2.61
Industrial 25	15,998.47	-0.84
Financial 15	5,517.72	-2.56
Daily brent crude ($/bbl)	45.65	2.77
ZAR/USD	10.07	2.52
ZAR/EUR	12.94	2.02
ZAR/GBP	14.36	1.64

Company Snapshot

Blogs

Podcasts

Video

Vote

Q: Are you satisfied with the way Trevor Manuel has allocated funds in the budget speech?

		Yes, the cut in personal tax is a welcome relief.	61%
		No, he could've allocated more to social spending instead of bailing out SAA.	25%
		It's what I've come to expect.	14%


View results... \| Previous results...

Read it in FinWeek

Rich pickings for AltX vultures

2009/02/12

THEY CAME, THEY SAW and - for a while - they conquered. But now the JSE's ranks of newly listed companies have been scattered by imploding investment sentiment, with share prices rapidly retreating since mid-2008. More...