Finance Minister Pravin Gordhan has warned that if Britain pulls out of the EU this week, it will “complicate life” for South Africa. Minister of Finance Pravin Gordhan. Picture: AFP/ Pool/ Mujahid Safodien. Brexit, which will be decided on Thursday, could have a significant impact on the global economy. Speaking in Durban yesterday, at a […]
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Zambia: Economic Development Summary for 2015
During the past decade Zambia’s economy has shown impressive growth averaging above 7% per annum. Growth was driven by investments in the mining sector with spillover effects into construction, transport, communications, wholesale and retail. Growth was furthermore facilitated by favorable copper prices, underpinned by demand from China, and increasing trade with neighboring countries. Economic turmoil […]
Tanzania: Vodacom Plans to Invest Over 200 Billion/ – in 2015
VODACOM Tanzania plans to invest over 200bn/- in the next financial year, the firm’s chief executive officer, Mr Rene Meza, told a news conference in Dar es Salaam yesterday. Presenting the telecom firm’s business update for the 2014/2015, Mr Meza said the firm had a pleasant financial year, with the customer base swelling to 12 […]
South African Benefit From Oil Price Decline Seen as Temporary
(Bloomberg) — The benefit from the lower oil costs for South Africa’s economy will probably be temporary as the drop hasn’t passed through to wider prices and crude should increase further, Reserve Bank Governor Lesetja Kganyago said. “Average wage settlements are still in the realms of 8 percent,” Kganyago said in a speech to a […]