A year into Hakainde Hichilema’s first term as president reveals he is more interested in colluding with the West and dividing the country along ethnic lines
Growth in the third quarter is encouraging, but analysts have cautioned against viewing the data as a sign of the economy’s improved health
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The country’s precarious growth means that, even as inflation cools, it is vulnerable to shocks
Borrowers face another 75 basis point repo rate hike this week, as inflation looks to stay uncomfortably high
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South Africa and Senegal, as AU chair, are attending the important summit of the leaders of the big industrialised nations
But forecasters are expecting the jobless rate to stay elevated, as load-shedding and inflation take their toll
South Africa’s fate is tied to China’s, but war-related disruptions in the global energy market keep exports going
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The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression
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High prices have been more stubborn than previously expected, forcing monetary policymakers to react
French troops have now begun to leave Mali, but they are not returning to France. They will be sent to neighbouring Niger
With the prosperity of the 1970s a thing of the past, the International Monetary Fund-authored austerity of the 1980s gave birth to the hybridised fuji music
Central banks massively underestimated inflation risks as economies bounced back from the pandemic-induced slump
Because foreign aid is not effective in helping African countries achieve their development goals, the ‘aid sector’ needs to be reformed
Wealthier countries need to give emerging economies three resources: time to adapt, financial support and policy assistance
The economy grew for the fourth consecutive quarter, but the country is playing catch-up to its peers
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.
The finance minister extended the Ters relief and the social distress relief grant, and also ensured businesses hit by looting can access insurance
As the demand for oil shrinks and prices collapse, Africa’s petro states — the likes of Angola, Nigeria, Egypt and Equatorial Guinea — will be left with massive holes in their budgets
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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
Nigeria’s central bank has repeatedly warned against the risks of investing in cryptocurrencies and even ordered local banks to close accounts trading in them.
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
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Economists question the manner in which the transitional government partially cut fuel subsidies
The narratives about the African country’s debt crisis are being used as fodder in geopolitical battles
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 ANC has, until now, always rejected going to the International Monetary Fund, which underscores how bad our economic situation is
South Sudan has nearly run out of foreign currency – and this is just the tip of a much bigger economic crisis.
COMMENT: Developing countries face a debt crisis that will only become worse as the Covid-19 pandemic continues, and massive debt relief will inevitably be necessary. The only question is whether it will be designed to address the even larger climate crisis
His road to the presidency was anchored in contention and acrimony, and if his bid is successful, Alassane Ouattara will have ruled for two decades when all is said and done.