SABC News - Business: Economic, finance and market updates.

Stats SA reported on Thursday that GDP for the first quarter grew at a paltry 1.3 % compared to the previous quarter.

Growth, jobs figures will prove a poser for Reserve Bank

Saturday 30 May 2015 08:45

The release of economic growth and jobs figures, which both came out disappointing, will test the Reserve Bank’s mettle and resolve when its MPC meets to set interest rates in July.

Growth, jobs figures will prove a poser for Reserve Bank

Saturday 30 May 2015 08:45

The release of economic growth and jobs figures, which both came out disappointing, will test the Reserve Bank’s mettle and resolve when its MPC meets to set interest rates in July.

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Petrol price to rise by 3.6%

Saturday 30 May 2015 08:30

The retail price of petrol in South Africa will rise by 3.6% from June 3, while wholesale diesel will go up by 4.4%, the energy department said on Thursday.

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New travel regulations feared to “cripple” tourism sector

Friday 29 May 2015 20:17

The new visa requirements come into effect on Monday, and tour operators are unhappy, saying that the new regulations will negatively affect the tourism sector.

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WEF on Africa to bolster Agenda 2063 objectives: Radebe

Friday 29 May 2015 15:32

Minister in the Presidency, Jeff Radebe, says hosting the WEF on Africa will provide an opportunity in driving holistic growth and development strategy through the recently-adopted Agenda 2063.

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SACP welcomes suspension of PetroSA executives

Friday 29 May 2015 10:43

The SACP in the Western Cape has welcomed the suspension of three executives at PetroSA.

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No loadshedding early Friday

Friday 29 May 2015 08:11

Eskom announced it would not implement load shedding early Friday as it had enough electricity generating capacity.

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Edcon in talks with lenders over a capital restructuring

Friday 29 May 2015 08:00

South Africa’s largest non-food retailer, Edcon, owner of the Edgars and Boardmans brands, was in talks with lenders over a capital restructuring as sales continued to rise slowly.

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Medupi costs expected to hit R105 billion

Thursday 28 May 2015 20:21

Public Enterprises Minister Lynne Brown has revealed that the latest projected cost to complete the Medupi Power Station is R105 billion.

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eThekwini residents to pay above inflation prices on rates, taxes

Thursday 28 May 2015 17:13

eThekwini Municipality residents' rates and taxes have been increased by between 7 and 12% in the new financial year. These increases are contained in the R39 billion budget passed for 2015/2016.

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PetroSA suspends three top executives

Thursday 28 May 2015 17:02

South Africa's state oil company, PetroSA, said on Thursday that three top executives have been asked to take special leave pending an investigation into their performance following declining revenues

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