Government issues aid appeal to save more than a quarter of the population from starvation due to drought
Fin24.com | SA’s low economic growth shrinking tax base
SA’s low economic growth rate is weighing on the country’s credit worthiness by shrinking its tax base, says Overberg Asset Management.
Fin24.com | SA’s Hyprop acquires R2.2bn interest in Euro malls
JSE-listed Hyprop has acquired a 60% interest in two European malls in line with its strategy to acquire high quality shopping centres in emerging markets.
Businesses need to be very careful about their financial health as insolvencies loom
Credit insurance firm Euler Hermes says insolvencies will increase this year due to the instability in emerging markets, by about 10% in SA
UN fears for hundreds of thousands as Aleppo offensive deepens
Russian-backed Aleppo bombardment one of the most important shifts of momentum in five year civil war that has killed 250,000 people and driven 11-million from their homes
EFF says it will not let Zuma address SA until he says why he fired Nene
Economic Freedom Fighters deputy president Floyd Shivambu said President Jacob Zuma’s firing of finance minister Nhlanhla Nene weakened the rand
Fortress grows first-half B-unit dividend more than 100%
The dividend growth for the interim period attributable to the A share was calculated using data supplied by Statistics SA, and was 4.8%
Fin24.com | Nupsaw plans strike over new Tax laws
The National Union of Public Service & Allied Workers has given notice to embark on strike action against new Tax laws to be implemented on 1 March 2016.
SA company secures licence for fuel cell plant
Government supports fuel cell initiative to stoke demand for platinum with component plant expected to be ready in 2018
Spar increases 18-week sales to end-January by 14.1%
The increase brought total sales to R24.5bn for the period, and group sales in SA rose 8.4% with ‘internally measured’ inflation amounting to 3.9%
South Africans wary of wearable tech in the workplace
But an online survey showed they were more open to sharing wearable technology data with employers than their UK peers were, but only if doing so helped them
No special security for Parliament but threats are taken seriously
Speaker Baleka Mbete says this year there are rules about disruptions to Parliament, which will be applied during the state of the nation address where necessary
Fin24.com | R7m in bank notes nabbed at Durban airport
The South African Revenue Service has intercepted R7m in bank notes from a passenger at King Shaka International Airport in Durban.
Public protector must not be second guessed, Zuma’s lawyer says
Jeremy Gauntlett SC represented President Jacob Zuma in the Constitutional Court over a public protector order to pay back cash spent on Nkandla
Fin24.com | Zuma lauds success of meeting business leaders
President Jacob Zuma has lauded the success of a meeting between government and business leaders in Cape Town.
SA can avoid a rating downgrade to junk status
Standard Bank chief economist Goolam Ballim says this is possible if the budget on February 24 clearly states how higher economic growth will be achieved
Fin24.com | Moeletsi Mbeki: Zuma won’t fall – he will serve out full term until 2019
Rumours of Jacob Zuma losing his Presidency are hugely exaggerated, says political analyst Moeletsi Mbeki.
Fin24.com | SA startup targets killing parking tickets
The days of using paper tickets at parking bays could be numbered if a local startup has its way.
Fin24.com | Largest diamond found in 100 years named
The 1 111 carat diamond discovered in Botswana has officially been named “Lesedi La Rona”, which means “our light” in Setswana.
Fin24.com | Aquarius holders nod Sibanye deal as revenue dips 31%
Shareholders in Aquarius Platinum have voted in favour of an aquisition bid by Sibanye Gold worth about $294m, says Aquarius chief executive officer.
When hiring remote workers, flexibility and willingness to travel are key
Setting people up to succeed off-site requires attention to IT support and infrastructure, and ensuring that there is constant communication with other team members
Malema reasserts intention to evict Guptas from SA
Economic Freedom Fighters leader Julius Malema told a crowd at Mary Fitzgerald Square on Tuesday that courts must not suppress the EFF’s right to freedom of speech
First emissions-reduction standards for aircraft announced
The standards are aimed at makers of small and large aircraft and will apply to all new models launched after 2020, the United Nations aviation agency said
Cans and foam apparently used in framework of toppled Taiwan building
The developer of the apartment complex was taken into custody after an earthquake on Saturday, which has left about 40 people dead and 100 missing in the ruins
India rules against differential data pricing but Facebook could challenge ruling in courts, say analysts
Nigeria’s treasury account may ‘help reduce borrowing needs’
Finance Minister Kemi Adeosun says the government will decide how much of the funds in the treasury single account will be used to fund the 2016 budget
Fin24.com | Every cloud has a silver lining, Zuma tells business leaders
Business and government have to improve their working relationship to promote investment, President Jacob Zuma says.
Young dancer’s scholarship a triumph for SA and his dance school
South African ballet dancer Leroy Mokgatle wins scholarship at the Prix de Lausanne international ballet competition
Obama to push for Wall Street reform in 2017 budget
President Barack Obama expected to call for an increase in funding for regulators, but Republican-controlled Congress is likely to oppose these proposals
Bloomberg’s ‘drawn up plans for an independent US presidential campaign’
Former New York mayor Michael Bloomberg says he finds the level of discourse among candidates for the US presidency ‘distressingly banal’ and an insult to voters
Fin24.com | China worries spook JSE investors
Concern about the global economy, and particularly the Chinese economy, has been the main theme on world markets and the JSE.
At least eight dead, over 100 injured in German train crash
Two commuter trains crash head-on in southern Germany in one of the country’s deadliest rail accidents in years
Zuma calls for government and business to collaborate
President Jacob Zuma says the country’s short-term economic outlook is not inspiring and the low economic growth costs business, the community and government
Fin24.com | SA plans fuel cell plant to boost platinum demand
SA plans to set up a fuel cell component plant by 2018, the latest initiative to increase demand for the metal and support firms hit by plunging prices and labour strife.
Fin24.com | African resource rich countries are ‘addicts in need of rehab’
Without beneficiation, value addition and industrialisation around commodities, the minerals have hardly touched communities, says former Zim minister Tendai Biti.
Obama to ask Congress for funds to fight Zika
White House says the money will be used to fight the virus in the US and abroad as well as to pursue a vaccine, president says there is no reason to panic
MTN being sued by Etisalat over deal with Nigeria’s Visafone
Telecoms firm Etisalat said MTN’s purchase of internet provider Visafone could create a dominant data services market player in Nigeria, harming competition
Fin24.com | Cell C ups buyout offer to R20 000
South Africa’s third largest network has revised its contract buyout offer upwards from a maximum of R10 000 to R20 000.
US ‘did not tell athletes to avoid Rio Games’ due to Zika
The US Olympic Committee says Team USA is looking forward to the Rio Games and it ‘did not, would not and will not prevent athletes from competing’
US Fed may not be permitted to set negative interest rates
A 2010 document suggests the law that authorised the Fed to pay interest on excess reserves may not grant it the authority to charge interest