April 16
Zimbabwe: Effective Action Needed to Tame Black Market
The Herald
The foreign currency black market in Zimbabwe can be a major nuisance, and can, as it has done in the past, distort economic dealings and open opportunities for those who wish to… Read more »
Zimbabwe: Stable Currency Crucial for Manufacturing Sector Growth
The Herald
In the complex web of economic progress, the manufacturing sector is fundamental, serving as a pivotal force that converts raw materials into products essential for driving… Read more »
South Africa: Electricity Minister to Visit Northern Cape
SAnews.gov.za
Minister in the Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa, is expected to undertake an outreach programme with business stakeholders in the Northern Cape. Read more »
South Africa: SA Ranks Top Three for Fiscal Transparency
SAnews.gov.za
National Treasury has welcomed South Africa's ranking by the International Monetary Fund's Fiscal Transparency Evaluation Report of being among the top three countries worldwide… Read more »
South Africa: Cosatu Welcomes Excellent Progress At Parliament On the Pension Fund Amendment Bill (Two Pot Pension Reforms) [press release]
COSATU
The Congress of South African Trade Unions (COSATU) welcomes excellent progress at Parliament on the Pension Fund Amendment Bill, which is one of two critical amendment bills that… Read more »
South Africa: Public Sector Unions Want to Strike Over Latest 4.7 Percent Pay Rise Offer [analysis]
Daily Maverick
The government's offer to increase the pay of public servants has been rejected by several trade unions as too low. They say it is below the projected consumer inflation rate. Read more »
South Africa: Pick N Pay 'Destroyed Me' - Retailer's Original Black Franchisee Describes Eight Years of 'Torture' [analysis]
Daily Maverick
But George Senosha, who no longer has an income, says he isn't going down without a fight. Read more »
South Africa: The EFF's Floyd Shivambu As Finance Minister Would 'Really Spook the Markets' [analysis]
Daily Maverick
Although it seems highly unlikely that the EFF deputy president will become finance minister, South Africa would take a financial knock if he did. Read more »
South Africa: Investment As Gambling - Financial Nihilism and the Rise of Meme Stocks [analysis]
Daily Maverick
Many young people have lost faith and are turning, with alarming recklessness, to increasingly risky financial behaviour. Read more »
South Africa: Job Promises for Unemployed Doctors After Kwazulu-Natal Protest [analysis]
Daily Maverick
KwaZulu-Natal's doctors seeking job posts received some hope when the provincial health department finally relented and committed to advertising new posts. Read more »
April 15
Zimbabwe: Zimbabweans Increasingly Dissatisfied With Govt Efforts On Electricity Provision
Afrobarometer
Only one in five citizens enjoy reliable electricity supply. Read more »
Zimbabwe: Zimbabwe's Gold-Backed Currency Surges Amid Market Skepticism
New Zimbabwe
Zimbabwe's newly launched gold-backed currency, known as the Zimbabwe Gold (ZiG), has hit the ground running, gaining 1.1 percent against the U.S. dollar in its first week of… Read more »
Africa: Leaders Need to Break the Chokehold of Debt and Austerity. Our Health Depends On It
IPS
As leaders gather for the Spring Meetings of the IMF and World Bank amid the cherry blossom trees of Washington, DC, there is some good news to celebrate. Read more »
Mozambique: Pirates Release Ship Hijacked in Mozambique Channel
AIM
Somali pirates have released the Bangladeshi-flagged merchant vessel "Abdullah', hijacked over a month ago, long with its 23 member crew - but only after a ransom of five million… Read more »
Kenya: South African-Based Fashion Brand Foschini Group Exits Kenya
Capital FM
Foschini Group Kenya, a South African-based fashion brand, has announced its exit from the Kenyan market after appointing new liquidators to take over its establishments. Read more »
South Africa: Macassar Residents 'Will Fight Tooth and Nail' Against Prasa's Plan to Relocate Shack Dwellers
GroundUp
Hundreds marched on Saturday to protest against PRASA's plan to move shack dwellers occupying the Central Line to Macassar Read more »
Zimbabwe: Govt Stockpiling U.S.$700 Million Ivory Due to Cites Ban On Ivory Trade
New Zimbabwe
The Government of Zimbabwe is sitting on ivory stocks worth over US$700 million due to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)… Read more »
April 14
Angola: Consumer Price Index Registers Slight Slowdown in March
ANGOP
The National Consumer Price Index (IPCN) recorded a slight slowdown of 0.04 percentage points, standing at 2.54 percent, last March, against 2.58% observed in February this year. Read more »
South Africa: Cosatu Welcomes the Opening of a New R300 Million Plant in Krugersdorp Injecting Badly Needed Stimulus in the Local Economy [press release]
COSATU
The Congress of South African Trade Unions (COSATU) welcomes the opening of a massive new R300 million plant to manufacture peanut butter by Tiger Brands in Krugersdorp. This will… Read more »
Malawi: 'Incentivize Agriculture to Stop Youth Migration'
Nyasa Times
Dozens of energetic and productive Malawian youths are migrating to South Africa and Tanzania every year to seek employment and other economic opportunities. Read more »
Zimbabwe: Billionaire Strive Masiyiwa's Daughter Named On Prestigious Forbes' Achievers List
New Zimbabwe
Econet Wireless billionaire proprietor, Strive Masiyiwa's daughter, Vimbai, has been named as one of the 30 trailblazing individuals under the age of 30 in Africa. Read more »
April 13
Angola: President's Aide Invites Investors to Grain Production Program
ANGOP
The Secretary of the Angolan President of the Republic for the productive sector, Isaac dos Anjos, on Saturday called on to Angolan and foreign businesspeople to invest in cereal… Read more »
April 12
Zimbabwe: Communal Farmers Warned Against Selling Livestock As Hunger Bites
New Zimbabwe
Agriculture minister, Anxious Masuka has warned communal farmers against selling their livestock amid the hunger crisis the country is currently facing. Read more »
South Africa: Who Ends Up Paying If Energy Dept Cooks the Price of Nuclear Power?
SAFCEI
It has been just over two (2) weeks since the deadline for comments on the Department of Mineral Resources and Energy's (DMRE) draft 2023 Integrated Resource Plan… Read more »
Southern Africa: Botswana Objects to G7-EU Diamond-Tracking System
VOA
African diamond producers, led by Botswana, are demanding a review of the tracking and verification system that European Union and G7 nations introduced March 1. Read more »