If the Department of State Policy Provisions Act is passed into law, the US will support Zimbabwe borrowing money from international lenders such as the World Bank
Among the truths is that most of the 17 sustainable development goals adopted by UN member states are doomed to fail
Diamonds account for 30% of the country’s economy, but lab-grown gems mean less demand for ones dug out of the soil
The rand’s fall after the US’s Russian arms claims shows South Africa can’t risk taking a side
In early 2021, the country agreed to be a guinea pig for a new approach to tackle sovereign debt
Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around
Short-term financing companies are offering pay-over-time loans as payment methods, often interest-free, in several cash-strapped countries
The allocation of special drawing rights is based on the size of a country’s economy, which means the richest countries on the African continent will get the lion’s share
The global economy will expand by 6% this year but the economic gap between nations is widening.
Fuelled by social media, the protests were horizontal in structure, decentralised with no identifiable leader, and took shape without the involvement of unions or political parties.
South Africa’s climate change transition risk is 5.6 on a scale of one to 10, with 10 being the highest
The IMF and World Bank should use the crisis to divert cash to Global South countries to ease the effects of climate change
The global initiative plans to deliver two billion doses of Covid-19 vaccines to developing nations
2020 was a challenging year for everybody, with no growth forecast in the economy, fears of a deep recession and a jobs bloodbath. Three experts contextualise this situation, focusing on what can be done in 2021 to slow down the spiral into an economic abyss
The trade minister says the country is on track to reach more than R1-trillion worth of investments over five years, despite Covid-19 disruptions
Business Unity South Africa is eager to talk to its social partners at Nedlac about how the spiralling public-sector wage bill can be tamed. And the organisation says these talks need to happen soon
The IMF loan is given with false motivation — to provide political cover for entrenched neoliberalism and deep cuts in the public service
The loan, which is repayable over five years at an interest rate of 1.1%, comes with various self-imposed conditions such cutting the public wage bill and rationalising support to the state-owned entities
The Covid-19 pandemic provides a chance to reflect on, reimagine and reset the global economic system
The International Monetary Fund’s emergency funding is cheaper than other options and is low risk. The Reserve Bank creating money to finance government debt is a better option
‘Know The Beginning Well’ is an insightful peek into the life of KY Amoako and the fascinating work he has done on the continent
President announces an ‘extraordinary coronavirus budget’ with R20-billion for healthcare and spending on the pandemic equal to 10% of national GDP
President Cyril Ramaphosa is set to announce the government’s long-awaited economic stimulus plan to deal with the effects of Covid-19. The key will be getting loans for a stimulus without ‘selling’ the country.
The central bank warns of the harmful effect of Covid-19 on the economy, while the treasury details more plans to ease the pain
They represent a range of views and are tasked with reaching an agreement on divisive issues
The union federation offers unprecedented concessions on job protections
Female bosses at the IMF, ECB and EU are putting climate at the heart of policymaking
Gwede Mantashe needs to shift from costly, climate crisis-inducing fossil fuels to renewables
Violent protests have broken out in several Arab countries since early 2010 and turned into bloody civil wars in Syria, Yemen and Libya
The protests and their aftermath have uncovered the social tensions arising from the marginalisation of indigenous populations in the country
It warned that the outlook is beset by risks, and urged policymakers to work to find resolutions to trade disputes
Despite the depressing economic climate, South Africa can avoid the debt trap and foreign investors can easily access its markets