17 C
Port Elizabeth
Thursday, September 21, 2017

World stock markets weaken as EU manufacturing slumps

World stock markets faded Monday as a worsening downturn in European manufacturing compounded fears of a recession there. Benchmark oil slipped below $103 per barrel....

BRICS: New trade narrative sinks development

At the G20 trade ministerial summit later this month in Mexico BRICS countries' trade ministers will try to ensure that attempts by industrialised countries...

Brics leaders commit to forming Development Bank

Recognising the pressing need for enhancing the flow of development finance, leaders of the five-nation Brics bloc have directed their finance ministers to work...

Expect an interest rate hike before the end of the year

Last week the Reserve Bank left the repo rate unchanged at 5.5 percent for the eighth consecutive meeting, but Dr Neal Bruton of RGT...

Oil prices rise slightly as China growth remains strong

Oil prices rose slightly above $103 a barrel Monday in Asia amid signs China's economic growth remains strong. Benchmark oil for May delivery was up...

Petrol price hike bad news, says Business Chamber

The Nelson Mandela Bay Business Chamber has said the petrol price hike is bad news for both business and consumers, which will have a...

February PPI eases

Producer price inflation -- or the increase in factory gate prices --eased to 8.3 percent in February, Statistics SA said on Thursday. "This rate is...

FEDUSA: SARB’s unchanged rates a missed opportunity

The decision on Thursday to keep the repo rate unchanged was a missed opportunity to stimulate economic growth, the Federation of Unions of SA...

Photovoltaic investment will create opportunities for Bay

The Coega Development Corporation has secured a R278-million investment which will create 500 direct jobs and give a huge boost to Nelson Mandela Bay’s...

Insistence on failed policies hurts SA

South Africa is struggling to grow its economy and alleviate unemployment because it insists with failed policies, an economist said on Wednesday. "We're dabbling with...

Weather

Port Elizabeth
overcast clouds
17 ° C
17 °
17 °
82%
9.3kmh
90%
Thu
19 °
Fri
17 °
Sat
18 °
Sun
21 °
Mon
20 °

Currency

ZAR - South African Rand
USD
13.2473
GBP
17.9364
EUR
15.9060
AUD
10.6816
CNY
2.0147
JPY
0.1190