The Southern African Clothing and Textile Workers Union (Sactwu) and Cosatu want the rich and super rich taxed more, a higher tax on luxury goods, an increased corporate tax, and a zero rating for VAT on a wider array of basic goods.  Click here for the full story: http://www.iol.co.za/business/companies/cosatu-wants-heavy-tax-for-super-rich-1.1644283#.UvjJlB3wClg

South Africa's rand fell as much as 1 percent against the greenback on Friday as US jobs data reignited expectations that the Federal Reserv.

The rand’s depreciation may help to boost South African manufactured exports while raising the government’s borrowing costs “slightly,” Finance Minister Pravin Gordhan said.  “We have always said a depreciated rand would boost the prospects for exports,” Gordhan said in an interview at the World Economic Forum in Davos yesterday.  Click here to view the full story: http://www.iol.co.za/business/news/gordhan-weak-rand-should-boost-exports-1.1637037#.UuUT9KL8IfY

The rand’s depreciation may help to boost South African manufactured exports while raising the government’s borrowing costs “slightly,” Finance Minister Pravin Gordhan said. “We have always said a depreciated rand would boost the prospects for exports,” Gordhan said in an interview at the World Economic Forum in Davos yesterday. Click here to view the full story: http://www.iol.co.za/business/news/gordhan-weak-rand-should-boost-exports-1.1637037#.UuUT9KL8IfY

The press ombudsman has ruled that the Sunday Times apologise to Finance Minister Pravin Gordhan for “inaccurately and unfairly” reporting that he had accused the newspaper of “clearly creating mischief”.  Click here to read the full story: http://www.iol.co.za/news/politics/ombudsman-gordhan-owed-apology-1.1634632#.Ut5zfB38IfY

The press ombudsman has ruled that the Sunday Times apologise to Finance Minister Pravin Gordhan for “inaccurately and unfairly” reporting that he had accused the newspaper of “clearly creating mischief”. Click here to read the full story: http://www.iol.co.za/news/politics/ombudsman-gordhan-owed-apology-1.1634632#.Ut5zfB38IfY

South Africa’s labour union movement is damaging industrial relations that have exacerbated widespread strikes in the continent’s largest economy, according to Trevor Manuel, a minister in President Jacob Zuma’s office.  Click here to read the full story: http://www.iol.co.za/business/news/manuel-unions-damaging-labour-market-1.1637038

South Africa’s labour union movement is damaging industrial relations that have exacerbated widespread strikes in the continent’s largest economy, according to Trevor Manuel, a minister in President Jacob Zuma’s office. Click here to read the full story: http://www.iol.co.za/business/news/manuel-unions-damaging-labour-market-1.1637038

Instability in the finances of the Tshwane Metro Council which led to the downgrading by Moody’s should be blamed on the ruling ANC, says Jan Boshoff, former mayor of Nokeng tsa Taemane.  For the full story click here: http://www.iol.co.za/business/news/blame-anc-for-moody-s-downgrading-1.1631055#.UtPd7KJN-lh

Instability in the finances of the Tshwane Metro Council which led to the downgrading by Moody’s should be blamed on the ruling ANC, says Jan Boshoff, former mayor of Nokeng tsa Taemane. For the full story click here: http://www.iol.co.za/business/news/blame-anc-for-moody-s-downgrading-1.1631055#.UtPd7KJN-lh

There's a huge chunk of relief in store for motorists next week.  The energy department has announced that the price of 93 and 95 octane petrol will decrease by R1.27 and R1.23 a litre, respectively, from Wednesday. This will bring the Gauteng price of 93 down to R11.02 a litre.  Click here to read the full story: http://www.iol.co.za/business/news/petrol-price-to-drop-by-r1-27-1.1800896#.VKalBCLI3Mo

There's a huge chunk of relief in store for motorists next week. The energy department has announced that the price of 93 and 95 octane petrol will decrease by R1.27 and R1.23 a litre, respectively, from Wednesday. This will bring the Gauteng price of 93 down to R11.02 a litre. Click here to read the full story: http://www.iol.co.za/business/news/petrol-price-to-drop-by-r1-27-1.1800896#.VKalBCLI3Mo

Heavy rain in South Africa’s capital, the neighbouring main financial hub of Johannesburg and in the east of the country may further damage an economy weakened by labour strikes, high unemployment and power outages.  Click here for the full story: http://www.iol.co.za/business/companies/torrential-rains-knock-sa-s-economy-1.1660647#.UyF1hh3wClg

Heavy rain in South Africa’s capital, the neighbouring main financial hub of Johannesburg and in the east of the country may further damage an economy weakened by labour strikes, high unemployment and power outages. Click here for the full story: http://www.iol.co.za/business/companies/torrential-rains-knock-sa-s-economy-1.1660647#.UyF1hh3wClg

Finance Minister Pravin Gordhan on Wednesday unveiled a budget and cut his growth forecasts for this year to 2.7 percent from last year’s expectation of 3.5 percent.  Click here to read the full story: http://www.iol.co.za/business/budget/gordhan-cuts-growth-forecasts-1.1653116#.Uw4IYKJN_Zs

Finance Minister Pravin Gordhan on Wednesday unveiled a budget and cut his growth forecasts for this year to 2.7 percent from last year’s expectation of 3.5 percent. Click here to read the full story: http://www.iol.co.za/business/budget/gordhan-cuts-growth-forecasts-1.1653116#.Uw4IYKJN_Zs

Income tax relief of R9.3 billion and massive future spending on social grants are among the main features of this year's pre-election budget.  Click here to read the full story: http://www.iol.co.za/business/budget/budget-gives-billions-in-tax-relief-1.1653132#.Uw4IMqJN_Zs

EXCLUSIVE: Pravin Gordhan says South Africa not headed for recession

Court cases involving e-tolling on Gauteng highways have cost the taxpayer over R6 million in legal fees, according to Finance Minister Pravin Gordhan.  Click here for the full story: http://www.iol.co.za/news/crime-courts/gordhan-r6m-spent-to-defend-e-tolls-1.1651732#.Uwsoy6JN-lg

Court cases involving e-tolling on Gauteng highways have cost the taxpayer over R6 million in legal fees, according to Finance Minister Pravin Gordhan. Click here for the full story: http://www.iol.co.za/news/crime-courts/gordhan-r6m-spent-to-defend-e-tolls-1.1651732#.Uwsoy6JN-lg

Independent consumer activist Ina Wilken said the analysis of food costs during the past 14 years gave one a “clear indication of the huge effect of fuel and electricity prices”.  Click here to read the full story: http://www.iol.co.za/business/news/sa-consumers-hit-hard-by-price-rises-1.1643829#.UvUQqNLO7Zs

Independent consumer activist Ina Wilken said the analysis of food costs during the past 14 years gave one a “clear indication of the huge effect of fuel and electricity prices”. Click here to read the full story: http://www.iol.co.za/business/news/sa-consumers-hit-hard-by-price-rises-1.1643829#.UvUQqNLO7Zs

South Africans should expect more shocks to their finances as the Reserve Bank is poised to raise interest rates further to stem inflation.  Click here to read the full story: http://www.iol.co.za/business/news/interest-rates-could-rise-further-in-2014-1.1642577#.UvONyh3wClg

South Africans should expect more shocks to their finances as the Reserve Bank is poised to raise interest rates further to stem inflation. Click here to read the full story: http://www.iol.co.za/business/news/interest-rates-could-rise-further-in-2014-1.1642577#.UvONyh3wClg

South African Finance Minister Pravin Gordhan said the rand is trading below its fair value after a sell-off of emerging-market currencies.  The government is monitoring the rand carefully, Gordhan said in a speech in Johannesburg yesterday.  Click here for the full story: http://www.iol.co.za/business/news/gordhan-rand-undervalued-after-sell-off-1.1639210#.UuoKdaJN-lg

South African Finance Minister Pravin Gordhan said the rand is trading below its fair value after a sell-off of emerging-market currencies. The government is monitoring the rand carefully, Gordhan said in a speech in Johannesburg yesterday. Click here for the full story: http://www.iol.co.za/business/news/gordhan-rand-undervalued-after-sell-off-1.1639210#.UuoKdaJN-lg

South Africa’s Reserve Bank may increase interest rates before the end of the year as the rand weakens, according to economists surveyed by Bloomberg.  Click here for the full story: http://www.iol.co.za/business/news/sa-rates-may-be-higher-by-year-end-1.1635762#.UuDs_6L8Kmw

South Africa’s Reserve Bank may increase interest rates before the end of the year as the rand weakens, according to economists surveyed by Bloomberg. Click here for the full story: http://www.iol.co.za/business/news/sa-rates-may-be-higher-by-year-end-1.1635762#.UuDs_6L8Kmw

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