New Argentine treasury minister set to take charge of troubled economy

20 August 2019, 6:40 PM
A new treasury minister, Hernan Lacunza, took charge of Argentina's troubled economy on Tuesday after the local peso took a dive last week following business-friendly President Mauricio Macri's harsh beating in the Aug. 11 primary election.
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Hernan Lacunza
BBC suspends president over missing donation 4 December 2017, 4:04 PM

South Africa’s Black Business Council (BBC) said on Monday it had suspended its president Danisa Baloyi pending an investigation into a missing R5 million donation.

Meat prices spike as drought persists 4 December 2017, 2:07 PM

The prolonged drought gripping parts of the Eastern Cape and other meat producing areas of the country is likely to cause a sharp increase in red meat prices this festive season.

SARS collects over R700-billion 4 December 2017, 9:06 AM

The South African Revenue Service (SARS) says it does not believe there is a tax revolt amongst tax payers.

Government rejects suggestions of SAA moving to Department of Transport 4 December 2017, 7:17 AM

Government has denounced media reports suggesting that it has taken a decision to move the South African Airways (SAA) out of National Treasury to the Department of Transport.

Tourism conference seeks to empower women 3 December 2017, 4:40 PM

Tourism is one of South Africa's economic pillars and it is in this sector where the government want to see more women participate economically.

Women urged to venture into tourism 3 December 2017, 1:31 PM

The department of Tourism is calling on more women to venture into entrepreneurship, especially in the tourism sector.

New airline to boost Western Cape business 2 December 2017, 12:13 PM

Western Cape marketing agency, Wesgro, has announced that a new airline, called "joon" will have direct flights from Paris to Cape Town next year.

Women encouraged to venture into business within tourism 1 December 2017, 8:19 PM

Department of tourism has introduced new systems, that will assist women that want to venture in businesses within this sector

Ports Regulator agrees to 2.5% tariff increment 1 December 2017, 4:03 PM

The Ports Regulator has approved an average increase of 2.5% in port tariffs for the next three financial years.

MultiChoice to investigate ANN7 controversial payments 1 December 2017, 11:44 AM

Pay television group MultiChoice says it will investigate its total payments to the controversial ANN7 TV channel.

NUM, Kangra Coal Mine reach wage deal to end strike 1 December 2017, 10:00 AM

South Africa’s National Union of Mineworkers (NUM) said on Friday it had signed a three-year wage agreement with Kangra Coal Mine, effectively ending a week-long strike.

Eskom warns Tageta of hefty fine for breach of contract 1 December 2017, 8:20 AM

Eskom has warned Gupta-owned company Tegeta that it could face a hefty fine for not adequately meeting its coal supply contractual obligation.

Oil prices gain after OPEC extension of production cut 1 December 2017, 6:26 AM

Oil futures rose on Friday after OPEC and other major producers agreed to extend their production curbs in a widely expected move aimed at ending a persistent glut in global supplies. The Organization of the Petroleum Exporters (OPEC) and non-OPEC producers led by Russia on Thursday agreed to maintain the output cuts until the end […]

IMF to send mission to Zimbabwe in coming days 30 November 2017, 9:20 PM

The International Monetary Fund will send a staff mission to Zimbabwe in coming days to meet with officials of the new government and assess the country’s fiscal and economic situation, IMF Spokesman Gerry Rice said on Thursday.

‘Tegeta could face hefty fine if it does not honour its coal supply contract’ 30 November 2017, 9:07 PM

Eskom says Gupta-owned Tegeta could face hefty fine for not adequately meeting its coal supply contract.

SAA’s losses mounting, confirms CFO 30 November 2017, 9:40 AM

South African Airways's losses for the current year are expected to reach R4 billion, the state-owned carrier's chief financial officer told Parliament on Wednesday.

SAA’s commercial strategy weak: Jarana 30 November 2017, 8:50 AM

It's been a month since the new CEO of South African Airways (SAA) Vuyani Jarana has been at the helm of the country's national carrier.

Eskom’s Koko to testify at his disciplinary hearing 30 November 2017, 6:53 AM

Suspended Eskom Group Executive Matshela Koko will on Thursday testify in his own defence when his disciplinary hearing continues in Johannesburg.

Eskom’s woes lead to Moody’s downgrade 29 November 2017, 6:31 PM

Rating agency Moody's has downgraded Eskom earlier on Wednesday citing the power utility's financial and liquidity woes and poor governance.

SAA losses mounting, CFO confirms 29 November 2017, 4:54 PM

South African Airways’ losses for the current year are expected to reach R4 billion, the state-owned carrier’s chief financial officer told Parliament on Wednesday.

Britain urges free and fair elections next year in Zimbabwe 29 November 2017, 3:11 PM

British Foreign Secretary Boris Johnson said on Wednesday the United Kingdom is ready to help stabilise Zimbabwe's economy, but want to do so in context of democratic progress.

N West forum showcases economic successes 29 November 2017, 12:21 PM

The North West government is hosting its annual Villages Township and Small Dorpies (VTSD) Economic Forum on Wednesday at the Mmabatho Convention Centre

Eskom denies Koko hearing collapse 29 November 2017, 12:05 PM

Power utility Eskom has dismissed reports suggesting that the disciplinary hearing into the company's suspended group executive Matshela Koko has collapsed.

Ithala pushes for full banking licence 29 November 2017, 11:45 AM

The financial-service-provider arm of Ithala is busy re-engineering the state owned company so that they will meet Reserve Bank criteria to be granted a full banking licence.

Zuma in Ivory Coast for AU-EU summit 29 November 2017, 7:29 AM

President Jacob Zuma has arrived in Ivory Coast for the 5th AU-EU summit, which starts in that country's commercial capital Abidjan on Wednesday morning.

Moyane slammed over Makwakwa’s reinstatement 29 November 2017, 6:59 AM

Parliament's standing committee on finance has criticised South African Revenue Service Commissioner Tom Moyane for allowing senior official Jonas Makwakwa to return to work, Committee chairperson Yunus Carrim  told Moyane that there was a strong perception that Makwakwa is being protected. 

Court to hear bid to declare Molefe’s pension pay-out unlawful 29 November 2017, 5:41 AM

Trade union Solidarity's court application relating to former ESKOM CEO Brian Molefe's  30 million rand pension pay-out is expected to be heard in  the Pretoria High Court this Tuesday. 

Insurance Bill seeks to promote protection of policyholders 28 November 2017, 9:46 PM

The Insurance Bill that was passed in the National Assembly with more than 200 votes generated heated debate in the House.

Bitcoin keeps rising 28 November 2017, 7:51 PM

The Bitcoin frency continues to spread throughout the world.

SA MPs call for probe into Transnet-Gupta links 28 November 2017, 7:08 PM

Members of Parliament (MPs) from across the political divide on Tuesday called for a probe into allegations of state capture at South African state-owned freight and logistics company, Transnet.