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HDP Summit to Focus on Partnership & Procurement Between Leading Aid Agencies and the Private Sector
Nedbank Capital: Your Access to Full-Spectrum Investment Banking - Click Here!
AfDB Group Commits US$ 1 Billion More to Tackle Food Crisis, Raises Agriculture Portfolio to US$ 4.8 Billion
Lonrho Mining Identifies an Estimated 160 Kimberlite Pipes from Airborne Survey in Angola
Buchanan Renewables, Schaffer Global Group, and Illovo Sugar to Lead Biofuel Workshop at the 2008 U.S. - Africa Agribusiness Forum
Worldwide Pharmaceutical Industry Launches Global Health Progress Initiative


AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

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Southern Africa Business
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Southern Africa Business - Top News
Zimbabwe: Hunger Drives Post-Election Violence, Deepens Poverty

Hunger is giving a brutal edge to the alleged work of militias implementing Operation Mavhoterapapi (Who did you vote for?), a campaign launched by President Robert Mugabe's ZANU-PF government in the wake of the ruling party's loss of its parliamentary majority for the first time since independence in 1980.

  IRIN
Zimbabwe: IMF Official Criticizes Economic Management

"We do not have any one way of dealing with Zimbabwe," said the International Monetary Fund (IMF)'s acting director for the African department Benedict Christensen last month.

  Zimbabwe Independent
Namibia: Strike Looms at Skorpion

The Mineworkers Union of Namibia has given Skorpion Zinc Mine notice of an industrial stayaway effective today at midnight.

  New Era
Zambia: State to Inject K13bn Into Maternity Wards

GOVERNMENT will use K13.6 billion the Task Force on Corruption has earned from the sale of seized properties to build maternity wards at various health centres countrywide.

  Times of Zambia
South Africa: Growth Pace Unsustainable, Say Experts

SA's rapid pace of economic growth over the past three years was well above a sustainable level of about 3,5%, a team of international experts said yesterday.

  Business Day
Zimbabwe: Black Market, Banks 'Fight' for Forex

THE battle between parallel market dealers and the banking sector for the little foreign currency in the country intensified this week as exchange rates galloped ahead.

  Zimbabwe Independent
Zimbabwe: The Rugged Road Ahead [editorial]

THE floatation of Zimbabwe's troubled currency is indeed welcome news for a country grappling with an economic crisis for the past nine years.

  Financial Gazette
Namibia: We Cannot Sit Idle Says Omaheke Farmers

The Omaheke communal farming community cannot sit idle while the issue of auctions with Agra and Karoo remains unresolved and is compelled to look for alternatives as livestock selling is their only source of income, said deputy chairperson of the Omaheke Regional Farmers Union (ORFU), Pieter Kazongominja, reacting to Agra's Chief Executive Officer, Peter Kazmeier.

  New Era
Zimbabwe: RBZ Move Suffocates Parallel Market

THE official foreign currency market burst into life this week as Zimbabweans trooped to banks and money transfer agencies (MTAs) to offload their hard currencies, rocking the once-thriving parallel market, the major beneficiary of the country's currency crisis.

  Financial Gazette
Zimbabwe: Shortage of Goods Persists

ZIMBABWE'S retail outlets continue to grapple with shortages as the economy remains on a recession path, with the manufacturing sector still battling against power outages and foreign currency shortages.

  Financial Gazette
South Africa: Commuters to Get Pretoria, Joburg Express Train

Commuters who often spend hours in peak traffic between Pretoria and Johannesburg are to receive a business express train.

  BuaNews
Namibia: Ramatex 'Bankrupt'

THE Ramatex textile company and its main subsidiary in Namibia were declared bankrupt by the High Court yesterday.

  Namibian
Zambia: 9 Workers Burn in Kcm Explosion

NINE workers yesterday sustained serious burns following an explosion at Konkola Copper Mine (KCM) Nkana smelter in Kitwe.

  Times of Zambia
Zambia: Road Carnage Statistics in Country [editorial]

ROAD carnage statistics in Zambia tell a grim tale of the horrors on our roads nearly each day that passes. The situation is unlikely to get better for several reasons.

  Times of Zambia
South Africa: Community Uplifted Through Artistic Beads

AMERICAN artist Andy Warhol asked : "Why do people think artists are special? It's just another job." Clearly, given his reputation, the Prince of Pop was being sarcastic -- or perhaps he simply never met anyone like Barbara Jackson.

  Business Day
South Africa: Rates Outlook [editorial]

RIGHTLY or wrongly, further increases in interest rates appear inevitable.

  Business Day
South Africa: Cuts Hit Sentiment [editorial]

AS SOME of the mining companies report, the terrible truth is becoming clear: the electricity outages hit sentiment more than they hit production. Both Lonmin yesterday, and AngloGold-Ashanti the day before, announced production figures higher than expectations. Profits of both companies jumped, and were outside the market's expectations, resulting in two consecutive large share price jumps.

  Business Day
Zimbabwe: RBZ Reads Riot Act to Banks

THE Reserve Bank of Zimbabwe has warned banks that are deliberately delaying the processing of customer Real Time Gross Settlement (RTGS) payments that they face immediate closure while urging the public to use formal systems in their foreign currency trading, saying these provide a safe, convenient, transparent and reliable platform.

  The Herald
Zimbabwe: Ultimatum Issued

JOHANNES Fredrick Fick, the Beatrice farmer who was convicted of breaching the Land Acquisition and (Consequential) Act by refusing to vacate Victory Farm, has been ordered to leave the farm within 45 days.

  The Herald
Angola: Government Invest 201 Million Kwanzas in Projects

The northern Bengo Province government is to invest 201 million Kwanzas, from May to December, to execute eight projects in Kissama District, in the ambit of improving citizens' living conditions, announced Thursday, in Cabo Ledo commune the local director of planning office, Garcia André.

  ANGOP
Zimbabwe: Forex Reforms Will Aid Productivity [column]

IN last week's monetary policy statement (MPS), the governor of the Reserve Bank of Zimbabwe (RBZ), Gideon Gono very courageously sought once again to address the devastatingly negative consequences of foreign currency shortages.

  Zimbabwe Independent
Zimbabwe: No Pricing System for Tobacco [interview]

ZIMBABWE's tobacco auction floors opened last week after protracted squabbles between the farmers and government over price and exchange rates to be used.

  Zimbabwe Independent
Zimbabwe: Afre to Create Capital Redemption Fund

AFRICA First ReNaissance Corporation Limited (Afre) is seeking shareholder approval for the creation of a capital redemption reserve fund, to be appropriated out of revenue reserves.

  Financial Gazette
Zimbabwe: Customs Agents Hit By Systems Failure

CUSTOMS clearing agents have begun manually processing duty after a systems failure hit the industry following the depreciation of the Zimbabwe dollar on the official market.

  Financial Gazette
Zimbabwe: Money Market Rates Remain Subdued

MONEY market investment rates have remained subdued, forcing hot funds out of the banking system and intensifying buying pressure on non-cash assets, as investors battled to preserve wealth against the backdrop of escalating inflation.

  Financial Gazette

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Active Discussions: Southern Africa Business
Southern Africa: Botswana Bans Sale of Bulk Fuel to Zimbabwe   2 recent comments
South Africa: Undersea Cable to Create Sustainable Competitive Market   1 recent comments
South Africa: Business Confidence Takes a Further Dip   1 recent comments
South Africa: Oil Price Trend Still Upwards   1 recent comments
South Africa: Vehicle Sales Slow As Higher Interest Rates Bite   1 recent comments
More Southern Africa Business comments »


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