Pravin Gordhan reveals Brexit fears

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 […]

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 […]

Kenya: Airtel, Medanta Africare in Pact for Mobile Healthcare

Nairobi — Airtel Kenya has partnered with Medanta Africare, an outpatient health provider to launch the mHealth service that will allow customers access quality health advice from doctors through their mobile phones. The service will enable Airtel subscribers consult doctors from Medanta Africare and access relevant health care advice by calling 1525 at normal calling […]

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 […]