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South Africa Today daily economic news and indicators

Economy downgraded again

Standard and Poor's once again downgraded South Africa, while Moody's has temporarily placed its rating on review. Fitch has kept the grade of...
The Bang For Our Buck

The Bang For Our Buck

The rand is in a terrible state. Donald Trump has made huge adjustments to the US local policy, at the expense of the rest...

Zuma’s removal was a masterstroke: can it be repeated for the...

The removal of South African president Jacob Zuma will be remembered for several reasons. One may be the gap between reality and what reporters,...
Economic indicators for 26 October 2017 (07:00)

Economic indicators for 26 October 2017 (07:00)

Below are the economic indicators for 26 October 2017 as at 07:00 Rand / US Dollar R14.03 (R13.75) Rand / Euro R16.60 (R16.17) Rand / British Pound...

Africa Finance Corporation Receives a US$100M Loan From India Exim Bank...

LAGOS, Nigeria--(BUSINESS WIRE/AETOSWire)-- Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, has received a US$100 million credit line from the...
Ashvin Subramanyam, CEO International Business, Orkla India

Orkla India announces the launch of its wholly-owned subsidiary in Dubai,...

Orkla India announces the expansion of its Middle East presence through the launch of its wholly-owned subsidiary, Orkla India - Middle East & Africa (Orkla IMEA)....
Lesetja Kganyago, governor of South Africa's central bank. EPA-EFE/Pete Marovich

Explainer: South Africa’s central bank – ownership, mandate and independence

In recent months, various debates about the South African Reserve Bank have focused broadly on three aspects – its shareholding, its mandate and its...
Economy Diversifies to Boost Growth in 2020

Economy Diversifies to Boost Growth in 2020

Dubai, United Arab Emirates, 26 January 2020, (AETOSWire) : A survey of nearly 440 senior accountancy experts on economic conditions in MESA showed a...
Old Mutual staves off retrenchment, invests in SA

Old Mutual staves off retrenchment, invests in SA

Economic Development Minister Ebrahim Patel says the decision by Old Mutual to hold off on retrenchments and the establishment of a R500 million fund...

Navigating the twin challenges facing SA’s renewable energy programme

South Africa has taken great strides in deploying private sector capital into renewable energy projects, giving the country its best chance at improving energy...
Aussie dollar goes down under

Aussie goes down under

The Australian Dollar has lost over 1% since the start of the day on Tuesday as traders appeared unimpressed with the monetary authorities' actions. The...

Mining companies required to have 30% black ownership

The 2017 Mining Charter has increased the level of black ownership in mining companies from 26% to 30%. “Holders who have maintained a 30% black...