Latest economic headlines from South Africa and around the world: latest business news from MSN
Benchmarking and rebasing changes to national accounts due to be published later this month are set to have an impact on the levels and growth rates of GDP.
- SA October tractor sales down 30.2%
SA tractor sales at 672 units are down 30.2% in October 2009 from the 963 units sold in October 2008.
- Mdladlana gives progress report on training layoffs
During October, when 26 companies were retrenching a total of 3,709 workers, only nine of them, and 2,977 workers, interersted in the training layoff scheme.
- SA Sep electricity consumption -1.7% vs -1.6%
The estimated consumption of electricity in SA has been reported at -1.7% year-on-year in September from -1.6% y/y in August.
- FNB makes sending money easy
FNB has announced the launch of Send Money, an instant solution for FNB customers to transfer money to anyone with a South African cellphone.
- Contingent labour utilised sparingly
A significant proportion of employers in SA do not view contingent labour as strategic workforce accelerators.
- German loan to African Bank
African Bank has secured a R150m subordinated loan from German development finance institution DEG.
- High telecoms fees decelerate growth: Accenture
SA'sregulatory environment and proper infrastructure hinders lower telecoms fees, while exorbitant fees could lead to decelerated growth.
- Mercantile earnings to be 60%-70% lower
Mercantile Bank has advised that after taxation earnings and headline earnings per share for the year are expected to decrease by 60% to 70%.
