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1-10 results from 1000 for query «economics»

08 January 2019 1:29 PM More than R80bn in unwanted Christmas gifts to be returned

They've just come through an exhausting festive season, complete with overcrowded stores, reckless spending and extended working hours. But now retailers are in for another shopping frenzy – this time it's to reverse all those sales that just weeks ago saw their profit skyrocket. Research by the Centre for Economics and Business Research has found that one in every 215

28 December 2018 9:31 AM China to speed up approval for foreign-owned financial firms

China will speed up approvals for securities firms and fund-company joint ventures in which foreign investors have majority stakes, a senior official said, another sign that policy makers are pressing ahead with efforts to open up the country’s financial system. The comments were made by China Securities Regulatory Commission Vice Chairman Li Chao, according 133

12 December 2018 11:35 AM October retail sales accelerate to 2.2%

Retail sales picked up in October, reflecting year-on-year growth of 2.2%, according to data from Statistics South Africa (Stats SA). Analysts had expected the uptick, with NKC Economics anticipating sales would come in at 2.5%. The figures were still higher than the annual 0.6% growth recorded in September. The main contributors to growth came from "other 125

12 December 2018 8:21 AM November inflation ticks slightly higher to 5.2%

November inflation ticked up to 5.2%, according to data released by Statistics South Africa (Stats SA) on Wednesday. Analysts from NKC Economics had forecasted inflation to come in at 5.2%. RMB Global Markets Research head Nema Ramkhelawan-Bhana expected inflation figures to be unchanged at 5.1%, due to "relatively stable" fuel prices. The main contributors 133

21 November 2018 8:14 AM Inflation rises slightly to 5.1% in October

StatsSA announced on Wednesday that annual consumer price inflation had come in at 5.1% for October, 0.2 percentage points higher than the 4.9% for September. On average, prices increased by 0.5% between September 2018 and October 2018. Ahead of the announcement, NKC African Economics had forecast that annual CPI would be 5.2% in October, noting the main driver 118

06 November 2018 4:55 PM Ferrari now warming to budget cap proposal

Cape Town - Ferrari are beginning to soften their stance toward the idea of Formula 1 introducing a budget cap to the sport. The Scuderia have been a staunch critic to Liberty's 2021 proposals and have threatened to quit Formula 1 on multiple occasions if the new regulations were not to their liking. However, somewhat of a U-Turn is beginning to take hold with new Ferrari 60

18 October 2018 10:05 AM Mining production down 9.1% for August

Stats SA announced on Thursday that mining production had decreased by 9.1% year-on-year in August 2018. This followed a decrease of 5.2% in July 2018, when compared to July 2017. On a month-on-month basis, seasonally adjusted mining production decreased by 1.2% in August 2018 compared with July 2018. This followed month-on-month changes of -8,3% in July 2018 and 5,1% in June 2018, said Stats 78

04 October 2018 8:08 AM Rand weakens in early trade as strong dollar keeps pressure on

The rand weakened by 0.5% against the dollar in early trade on Thursday, with analysts saying it will likely remain under pressure throughout the day. The local currency opened Thursday morning at 14.65/$ and was changing hands at 14.71/$ at 08:18. This after it lost 2% against the greenback on Wednesday due to a combination of a rise in US treasury 103

03 October 2018 9:25 AM Why African governments must stop seeing aviation as an elite sector

As the economy across much of Africa improves, governments on the continent must alter their historical view of aviation as a specialised or elite sector and begin to see it as a strategic asset, according to a new report by the Air Transport Action Group (ATAG). The report, entitled Aviation: Benefit beyond Borders, was commissioned by the International 85

01 October 2018 12:36 PM Gordhan grounds high hopes for SAA niche routes

Minister of Public Enterprises Pravin Gordhan told Members of Parliament in a written reply that South African Airways (SAA) was not in a position to take advantage of niche routes with growing traffic, such as flights between Cape Town and Durban, and between Durban and Bangalore. Gordhan explained to Parliament that the national carrier was leveraging 142