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News24Wire

Savings culture can boost your business – expert

9th July 2015 The development of a savings culture is not only appropriate for individuals, but for businesses too, a financial expert said. With July being Savings Month, it was right that South Africans begin to develop a culture of savings, according to Elize Giese, head of liabilities at FNB Business. 

Load-shedding drags down sub-Saharan growth – report

9th July 2015 Gross domestic product (GDP) growth rate in sub-Saharan Africa will average 4.2% in 2015, according to the latest World Bank report. In its Global Economic Prospects report for June 2015, the World Bank made a 0.4% downward revision of the region's GDP growth rate. The report attributed this to... 

SA economy not really going anywhere – Schüssler

8th July 2015 The South African economy is sort of taking two steps forward, one step back - actually not really going anywhere regarding real growth, Mike Schüssler, chief economist at Economists dotcoza, told Fin24 on Wednesday. In looking at the latest BankservAfrica Economic Transaction Index (Beti) for... 

No use throwing stones over visa rules – Deputy Minister

7th July 2015 Deputy Minister of Home Affairs Fatima Chohan declared on Monday that she is willing to accompany representatives of the South African tourism industry to China in order to see how dropping visitor numbers from that country can be curbed. She took part in a visa legislation workshop hosted by... 

JSE opens lower after Greece says ‘no’

6th July 2015 The JSE opened markedly lower on Monday, tracking global markets as the Greek contagion hits emerging market stocks. The All-share index gave up 1.43% to 51 226 points, with internet giant Naspers the biggest drag. 

Zuma, Mandela probed by Hawks over Aurora

6th July 2015 The nephew of President Jacob Zuma and grandson of former President Nelson Mandela are being investigated by the Hawks in connection with alleged criminal activities stemming from the Aurora case. "The Aurora issue is now in the hands of the Hawks. We are looking at the criminal element of the... 

Caustic political reaction to R600m train tender

6th July 2015 The DA and the EFF had caustic reactions to reports that the Passenger Rail Agency of South Africa (PRASA) imported brand new locomotives worth R600-million despite explicit warnings that the trains are not suited for local rail lines. Senior railways engineers and sources with first-hand... 

Alliance summit silent on key issues – Vavi

6th July 2015 The statement issued by the ANC and its alliance partners after a summit last week is silent on several key issues, including the crises in state-owned enterprises, and is in conflict with views Cosatu is supposed to have, former Cosatu general secretary Zwelinzima Vavi said on Sunday. "The most... 

Wind energy no longer a minor player in SA

3rd July 2015 Wind energy is around half of all renewable energy currently produced in South Africa. As we lurch from one day of load shedding to the next, the sector is showing no sign of losing speed, rather the opposite. SA Wind Energy Association CEO Johan van den Berg told News24 in an interview that 2011... 

Ebola, economy to blame for fewer tourists

3rd July 2015 The ebola virus, economic decline in some countries, and South Africa’s new immigration regulations are to blame for the drop in tourist arrivals to South Africa, Grant Thornton Advisory Services said on Monday. About 150 000 fewer tourists visited South Africa in the first quarter of the year... 

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