Home / Business (Page 41)

  • Fin24.com | New facility aims to boost trade for SA firms in Africa

    Fin24.com | New facility aims to boost trade for SA firms in Africa

    South Africa has launched a $1bn (R13.24bn) trade facility to help local businesses that want to find new markets in the rest of the continent.  The South African Trade and Investment promotion fund is a joint project by the African export-import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa – a government entity that falls under the... Continue reading

     
  • Fin24.com | JUST IN: Fuel prices set to again increase in August – AA

    Fin24.com | JUST IN: Fuel prices set to again increase in August – AA

    South Africans can expect another increase in the price of petrol, diesel and illuminating paraffin in August, the Automobile Association warned on Monday. The association said that current data from the Central Energy Fund suggests a price rise of 19 cents a litre for petrol, 13 cents for diesel, and 22 cents for illuminating paraffin. It was commenting on unaudited mid-month fuel... Continue reading

     
  • Fin24.com | Davies calls for Trump tariff exemptions, warns against car levies

    Fin24.com | Davies calls for Trump tariff exemptions, warns against car levies

    Minister of Trade and Industry Rob Davies has again argued for an exemption for tariffs on exports of steel and aluminium into the US, saying SA metal exports add value to US manufacturing. US President Donald Trump announced the decision to levy a 10% tariff on the imports of aluminium products, and a 25% tariff for steel, in early March.... Continue reading

     
  • Fin24.com | Rand firms to under R13.20/$ in early trade

    Fin24.com | Rand firms to under R13.20/$ in early trade

    The rand, which ended last week on a high, passed the R13.20/$ level on Monday morning, after opening at R13.28 to the greenback.  By 11.30, the local currency was changing hands at R13.19/$, up 0.58%. Bianca Botes of Peregrine Treasury Solutions said in a morning note that the rand had not yet reacted to weekend news that President Cyril Ramaphosa... Continue reading

     
  • Fin24.com | Emerging markets brace for a trade-war blow-out

    Fin24.com | Emerging markets brace for a trade-war blow-out

    It may be starting to sound like a broken record for emerging markets, with the twists and turns of US-China trade tensions likely to dominate investor concerns this week. That’s not to say Federal Reserve Chairperson Jerome Powell’s two-day Congressional testimony and even the outcome of Monday’s meeting between Donald Trump and Vladimir Putin in Finland won’t have a part... Continue reading

     
  • Fin24.com | Ramaphosa downplays hope of a quick fix for cost of high fuel, VAT

    Fin24.com | Ramaphosa downplays hope of a quick fix for cost of high fuel, VAT

    President Cyril Ramaphosa has given ministers in the economic cluster a two-week deadline to come up with measures to ease the burden of high fuel prices and the VAT hike on already struggling consumers.  However, he was careful not to raise hopes of a quick solution, indicating that government’s options are limited. “We know this matter is urgent and I... Continue reading

     
  • Fin24.com | EU‘s Tusk warns Trump trade wars can lead to ‘hot conflicts’

    Fin24.com | EU‘s Tusk warns Trump trade wars can lead to ‘hot conflicts’

    European Union President Donald Tusk called on Donald Trump to reform the world order rather than bring it down, warning that trade wars can lead to “hot conflicts.” Tusk issued his appeal in opening remarks to an annual EU-China summit on Monday, as he made an explicit link between the European delegation visiting Beijing and the US president’s meeting later... Continue reading