The interest rate will be decided by the SARB on Thursday and probably get officially announced on Friday.
Sana Khan
May 25, 2023
Eskom has to follow strict conditions to write off the municipal debt, interest, and penalties.
Sana Khan
May 12, 2023
Compensating farmers is central to a government strategy under discussion with key creditor, the African Development Bank (AfDB), to clear historic arrears of some $17 billion.
Reuters
Apr 26, 2023
Africa is struggling with the triple shock of rising debt burdens, an ongoing food crisis and climate change fallout and needs more help from international institutions and wealthy nations to cope, African finance ministers said on Saturday.
Reuters
Apr 17, 2023
Zambia last week gave its bondholders a "concrete proposal" for the restructuring of some $3 billion in eurobonds, the ministry of finance and national planning said on Friday.
Reuters
Apr 17, 2023
Angola's next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she added that the southern African oil producer's government would not tap the market this year.
Reuters
Apr 14, 2023
Rather than normalizing, the ratio was expected to start rising again this year, hitting 99.6% of GDP in 2028, the last year of the IMF's forecast horizon, he said.
Reuters
Apr 12, 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that 44 countries have expressed interest in borrowing from its $40 billion Resilience and Sustainability Trust after an initial five had arranged loans.
Reuters
Apr 11, 2023
"This represents a year-on-year growth of 7.86 percent or R123 billion more than last year against a nominal gross domestic product (GDP) growth of around 5.8 percent," SARS Commissioner said.
Sana Khan
Apr 04, 2023
"The revised repurchase rate is now less accommodative and is more consistent with the current view of risks to inflation," Reserve Bank Governor Lesetja Kganyago said.
Sana Khan
Mar 31, 2023
Nigeria is facing severe dollar shortages, forcing many citizens and businesses to seek foreign exchange on the black market, where its naira currency has progressively weakened.
Reuters
Mar 24, 2023
Now unemployed and struggling to feed his family of three, he joined hundreds of pro-opposition demonstrators on Monday in the capital Nairobi to protest the high cost of living in Kenya.
AFP news
Mar 23, 2023
Growth in Africa's most industrialised country was weighed down in the final quarter by unprecedented levels of power outages.
AFP news
Mar 07, 2023
South Africa officially implemented a national minimum wage in January 2019 under President Cyril Ramaphosa to safeguard workers from "unreasonably low salaries."
Priya Walia
Feb 23, 2023
The primary driver of the decline in the headline rate, as per Stats South Africa, was a significant drop in fuel prices.
Priya Walia
Feb 16, 2023
The Paris Club of creditor nations has contacted other bilateral creditors, such as China, to engage on forming the committee and deciding who would chair it, one of the sources said.
Reuters
Feb 14, 2023
Additionally, gross reserves rose from $60.570 billion in December to $61.864 billion in January.
Priya Walia
Feb 08, 2023
Serame said Botswana wanted to raise its 2023/24 infrastructure spending to "unlock constraints to economic growth".
Reuters
Feb 07, 2023
Western leaders have repeatedly criticised China for delaying developing country debt restructurings, which it disputes.
Reuters
Feb 06, 2023
Weeks ahead of a presidential election in Africa's most populous country, frustrations are growing among Nigerians who are struggling to get hold of cash after a redesign of the local naira currency.
AFP news
Feb 03, 2023
Nigeria has faced oil production shortages due to crude theft in recent years, though production has started to recover.
Reuters
Feb 02, 2023
According to the Reserve Bank, the recurring power outages in South Africa are anticipated to reduce economic growth.
Priya Walia
Jan 27, 2023
Zambia's total external debt stood at $17 billion as of June last year, government data shows.
Reuters
Jan 24, 2023
While the overlap was coincidental, the two will meet informally while in Lusaka, a Treasury official said.
Reuters
Jan 23, 2023
Kenya's central bank expects the Kenyan economy to grow 6.2% this year, Njoroge said, and does not expect a potential global recession to be "unmanageable".
Reuters
Jan 23, 2023
The governor argues that the SARB's mission to modernization is furthered by its decision to accept and prepare for digital currencies.
Priya Walia
Jan 19, 2023
The core inflation rate also slightly decreased in December 2022 from 5.0 percent to 4.9 percent.
Priya Walia
Jan 19, 2023
The 38-year-old widow runs a stall called a "cookery" -- the cheapest option for many Sierra Leoneans to grab what is often their only meal of the day.
AFP news
Jan 16, 2023
The South African Reserve Bank has repeatedly said that increasing economic output and job creation are outside of its purview and that the poor will suffer the most if inflation is not controlled.
Priya Walia
Jan 13, 2023
Tunisia, struggling under debt worth nearly 90 percent of its Gross Domestic Product, reached an agreement in principle with the global lender in mid-October for a bailout package worth around $2 billion.
AFP news
Jan 05, 2023
