China c.bank unveils targeted tool to spur lending to small firms

19 December 2018, 3:53 PM
China's central bank on Wednesday rolled out a targeted policy tool to spur lending to small and private firms, in the latest step to support the slowing economy amid a trade dispute with the United States.
READ MORE
Customers are pictured inside an MTN dealer shop
MTN, Nigerian central bank dispute will be over “very soon”: regulator 14 December 2018, 7:43 AM

The Nigerian telecoms regulator said on Thursday that an $8.1 billion dispute between South African telecoms group MTN and the Nigerian central bank "is being resolved and very soon it will be over."

VBS Bank
Giyani municipality employees fear salary cuts following VBS scandal 14 December 2018, 7:31 AM

Workers at the Greater Giyani municipality in Limpopo have expressed fears that they might face salary cuts due to the municipality's investment into the now liquidated VBS Mutual Bank.

Zwelinzima Vava
Saftu to stage a two-day total shutdown next year 13 December 2018, 8:43 PM

The South African Federation of Trade Unions (SAFTU) says it's planning to stage a two day total shut down in March 2019.

Fears Comair strike could affect services 13 December 2018, 5:28 PM

Airlines service could be affected this week. Comair is facing a possible strike by its workers affiliated to the National Union of Metal of South Africa (Numsa).

Zimbabwe mining minister invites De Beers, Vast Resources to return 13 December 2018, 3:19 PM

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said.

Power utility Eskom
Eskom receives R1.5 billion loan from French Agency 13 December 2018, 2:53 PM

Eskom has received a R1.5 billion loan injection from the French Development Agency to support the power utility's transmission efforts.

Flycemair Plane
CemAir has until lunchtime to comply with aviation regulations 13 December 2018, 10:40 AM

Airline CemAir has until lunchtime on Thursday to comply with aviation regulations, failing which its flying licence will be revoked and it will not be allowed to operate.

Tom Moyane
New SARS boss must return institution’s credibility: Analyst 13 December 2018, 9:35 AM

Political analyst, Levy Ndou, says the person to take over as the next SARS Commissioner should have the ability to return credibility to the institution, as well as improve staff morale.

Probability of load shedding low until January: Eskom 13 December 2018, 9:19 AM

Eskom says the probability of load shedding remains low until January the 13th - but it's warned that this could change if there are heavy rains.

Oil prices climb amid signs of easing US-China trade tensions 13 December 2018, 7:18 AM

Oil prices rose on Thursday, buoyed by a drawdown in US crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action.

‘2019 elections outcome could determine SA’s long-term economic prospects’ 12 December 2018, 9:31 PM

The outcome of the 2019 elections could determine South Africa's long term economic prospects. Should the African National Congress (ANC) manage to increase or maintain its support base and continue with its current reforms, this could positively impact on sentiment.

October retail trade sales improve by 2.2% 12 December 2018, 5:05 PM

Retail trade sales in South Africa improved in October according to data released by Statistics South Africa.

Consumer counting money
Inflation expected to ease as fuel prices drop 12 December 2018, 12:23 PM

Statistics South Africa has reported that the consumer price inflation increased to 5.2% in November, from 5.1% in October 2018. Contributions to the increase came from food, non-alcoholic beverages and fuel costs.

Cyber crime
SABRIC says 64% increase in cyber-crime 12 December 2018, 10:10 AM

South Africa has high number of cybercrime victims and according to the South African Banking Risk Information Centre (SABRIC) - approximately R2.2-billion is lost annually to cyber-attacks in this country.

Striking workers
Numsa rejects claims of violent attacks 12 December 2018, 8:34 AM

Labour union Numsa says it rejects claims that its striking plastic sector workers are behind some of the violent attacks during the strike.

Meng Wanzhou, Huawei Technologies Co Ltd's chief financial officer (CFO), is seen in this undated handout photo obtained by Reuters December 6, 2018.
Canada frees CFO of China’s Huawei on bail 12 December 2018, 7:09 AM

Meng Wanzhou, Huawei’s chief financial officer and the daughter of its founder, faces US claims that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating US sanctions.

Herman Mashaba
Denel pays back City of Johannesburg loan 11 December 2018, 7:29 PM

The City of Johannesburg says state-owned arms manufacturer, Denel, has paid back a R290 million loan which it had received through questionable means. 

Tom Moyane smiling in court
Ramaphosa welcomes court judgment on Moyane 11 December 2018, 5:23 PM

President Cyril Ramaphosa has welcomed North Gauteng High Court judgment upholding the President's dismissal of Tom Moyane as Commissioner of the South African Revenue Service (SARS).

Want-ads with a microscope
Formal sector continues to shed jobs 11 December 2018, 4:20 PM

Statistics South Africa (Stats SA) data shows 16 000 jobs were lost in the third quarter. The job losses were largely in the productive sectors of the economy namely, manufacturing, construction and mining.

A manufacturing plant
SA’s manufacturing output jumps, boosting rand 11 December 2018, 2:32 PM

South Africa’s manufacturing output rose more than expected in October to its highest level since June 2016, data showed on Tuesday, lifting the rand as the economy showed further signs of recovering from recession.

Tom Moyane
Moyane’s lawyer to decide on way forward 11 December 2018, 12:14 PM

Former SARS commissioner Tom Moyane's lawyer Eric Mabuza says they will study Tuesday's court judgment before deciding the way forward. This after the High Court in Pretoria dismissed with costs Moyane's bid to get his job back.

Eskom
Eskom’s coal stock pile levels low: Etzinger 11 December 2018, 10:59 AM

Power utility, Eskom has been in the news for all the wrong reasons. From retrenchments, suspicious dealings and recently, load shedding.

Wiseman Nkuhlu
KPMG asks for second chance 11 December 2018, 8:13 AM

The chairman of KPMG South Africa on Monday appealed for the firm to be seen as a changed business, following months of efforts to regain public trust after becoming embroiled in major corruption scandals.

Tom Moyane
Moyane to know his fate on Tuesday 10 December 2018, 9:35 PM

Axed SARS Commissioner Tom Moyane will know his fate on Tuesday, after he approached the High Court to have his dismissal lifted and prevent the release of the final Nugent Commission report.

Workers walking in a line
Workers affiliated to NUM down tools at Mafube coal mine 10 December 2018, 5:17 PM

Mine workers affiliated to NUM have downed tools at the Mafube coal mine in Wonderfontein, Mpumalanga, demanding a 10% salary increase while the employer is offering only 7% and 7.5%.

An image of old mine shaft
Congo’s Gecamines to boost stake in Boss Mining JV to 49 pct 10 December 2018, 2:24 PM

Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 % after the two companies renegotiated terms.

Eskom
No load shedding on Monday: Eskom 10 December 2018, 12:04 PM

Eskom says it will not implement Stage 1 rotational load shedding on Monday.

Nqabayomzi Kwankwa
Load shedding may undermine Ramaphosa’s investment efforts: Kwankwa 10 December 2018, 5:37 AM

UDM Chief Whip and Member of Parliament's Public Enterprises Portfolio Committee Nqabayomzi Kwankwa has warned that Eskom's current load shedding has the potential to undermine President Cyril Ramphosa's investment efforts.

Simon Mulaudzi
Former head of supply chain management to take SABC to CCMA 9 December 2018, 8:52 PM

The SABC's former Head of Supply Chain Management, Simon Mulaudzi, says he is ready to take the public broadcaster to the CCMA over his dismissal.

Eskom
There will be no loadshedding on Sunday: Eskom  9 December 2018, 11:01 AM

Eskom says there will be no loadshedding on Sunday as it has recovered sufficient levels and some generating units have returned to service.