The inflation rate has dropped to 5.3% because of the lower oil price, but consumers shouldn’t embark on a spending frenzy just yet.
According to the International Monetary Fund the government of President Robert Mugabe is deep in arrears and out of sorts.
The IMF and World Bank will hold their annual meetings this week, with key global economic reports being released in the run up to these events.
The IMF will update its global economic outlook this week, while investors look at a rates decision in Nigeria and inflation numbers in South Africa.
The largest emerging economies will push ahead with a $50-billion development bank to provide alternative funding for the Brics countries.
The International Monetary Fund is looking to cut its expectations of South Africa's GDP growth this year, a senior official has hinted.
From Nigeria becoming Africa's largest economy to the US government releasing its monthly budget statement, here are this week's economic highlights.
Emerging markets have been hit, but not hard enough for the rest of the world to feel the burn, say analysts.
Mozambique has attempted to reassure investors that a state-backed bond to pay for tuna trawlers is not being used to buy military equipment.
Cosatu is flabbergasted by the International Monetary Fund's latest report on South Africa, says spokesperson Patrick Craven.
South Africa's structural problems are holding back growth and job creation, warns the International Monetary Fund.
IMF chief Christine Lagarde has avoided immediate charges but was named 'assisted witness' in a case about a state payout to a disgraced tycoon.
The IMF has warned that the repair job on the world's financial system is partly completed and failure to finish it risks a new phase for the crisis.
IMF chief Christine Lagarde said armed conflicts pose the principal threat to Africa's future development.
Africa brings a glimpse of hope to the unstable global economy, Finance Minister Pravin Gordhan said on Monday.
Swaziland's economic woes continue and the International Monetary Fund has forecast a gross domestic product contraction of 1.5%.
What is truly scary about the IMF's income distribution figures, is that Botswana now has a more unequal distribution of income than South Africa.
After two years of high growth, Zimbabwe's economy is set to slow to 5% amid a poor farming season, blamed on erratic rainfall, and election concerns.