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

Minister of Finance, Nhlanhla Nene, says he noted the events that had been unfolding at the SA Revenue Service in recent months.

Finance minister speaks out on SARS furore

Sunday 21 December 2014 15:10

Minister of Finance will not allow the events of recent months to "derail" SARS, and will do everything within his power to ensure Sars remains a model public institution.

Finance minister speaks out on SARS furore

Sunday 21 December 2014 15:10

Minister of Finance will not allow the events of recent months to "derail" SARS, and will do everything within his power to ensure Sars remains a model public institution.

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Cuba's famed cigars get a foot in door of US market

Sunday 21 December 2014 12:03

Milagros Diaz has been rolling cigars for 48 years, so long she cannot even smell tobacco anymore, and she is thrilled that the US market is finally opening up for her handmade Cuban "habanos".

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Non-OPEC, speculators led to oil price slide: Saudi's Naimi

Sunday 21 December 2014 00:19

Saudi Arabia's oil minister said on Sunday non-cooperation by producers outside of the Organisation of the Petroleum Exporting Countries and the actions of speculators had led to the oil price fall.

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Iran's support for Syria tested by oil price drop

Saturday 20 December 2014 12:45

Oil production in Syria, which is under US and European sanctions, has dropped sharply since the start of the conflict and as insurgents have taken over energy installations.

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China cuts red-tape for foreign bank branch openings, RMB business

Saturday 20 December 2014 12:03

China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said on Saturday, the latest in a series of measures to liberalise the banking sector.

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SACCI CEO steps down after two terms

Friday 19 December 2014 20:17

The South African Chamber of Commerce and Industry has announced changes in its management in the new year.

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BlackBerry third quarter revenue falls more than expected

Friday 19 December 2014 18:11

BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue.

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Copper firms on supply outlook worries, oil price rise

Friday 19 December 2014 11:37

Copper futures edged higher on Friday on the possibility of a supply disruption in Africa and higher oil prices.

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New empowerment fruit company enters export market

Thursday 18 December 2014 16:27

A new empowerment fruit export company has entered the fresh fruit export sector. The Rainbow Produce Company is supported by fruit exporter In2Fruit, who will support and mentor Rainbow.

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Rand affected by rouble: Economist

Thursday 18 December 2014 12:05

The rand was being affected by the Russian rouble's depreciation because they exported similar commodities.

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