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Why S.Africa’s property market is softening

New law will stop abuse of South African home owners who...

Reghard Brits | University of Pretoria There are few things as devastating as losing your home because you cannot pay your debt. But if this cannot...

First Former SA Finance Minister Nene joins WBS, now Gordhan joins...

Pravin Gordhan has become a vocal critic of all entities who have fallen short of the high standards of performance, governance and integrity expected of them.

South Africa’s PIC wants Lonmin board seats, Johannesburg main listing

South Africa’s Public Investment Corporation (PIC) is planning to ask for two seats on the board of Lonmin by the end of 2017 and...

Zambia says ‘must have’ $1.3BN IMF loan in place in 2018

Zambia expects to host a mission of the International Monetary Fund (IMF) before the end of the year and hopes to have a $1.3...

Rand investors increase bets South Africa’s Ramaphosa will replace Zuma

 Investors are using the forward options market to increase bets that South Africa’s Deputy President Cyril Ramaphosa will win the race to become the...

Investors undeterred by South Africa’s tumble to junk “buying the dips”

South Africa has plunged deeper into “junk” ratings territory and its fiscal situation is worsening but some investors are undeterred, choosing to buy its...
Zimbabwe says to clear $1.86 billion arrears by next April

Zimbabwe president Mnangagwa appoints Chinamasa acting finance minister

Zimbabwe President Emmerson Mnangagwa on Monday named Patrick Chinamasa acting finance minister until a new cabinet has been appointed, the chief secretary to the...

South Africa’s Zuma calls for action after S&P downgrade, rand up...

South African President Jacob Zuma called for concrete measures to boost growth after S&P Global Ratings downgraded the local currency debt to sub-investment grade,...

Court challenge to South Africa mining charter postponed to February

A court hearing for a challenge by South Africa’s mining industry to revisions to a sector charter which include raising levels of black ownership...

South Africa to outline “decisive” policy in 2018 after debt rating...

South Africa will use its annual budget next year to outline “decisive” policy to strengthen its fiscal framework, the finance ministry said on Saturday...

Zimbabwe cabinet pick to show if Mnangagwa is breaking with the...

New Zimbabwean President Emmerson Mnangagwa is expected to form a new cabinet this week, with all eyes on whether he breaks with the past...

South African government bonds weaker after S&P downgrade

South African government bonds weakened on Monday after S&P Global ratings on Friday downgraded the country’s local currency debt to sub-investment grade, while Moody’s...
Judge Masipa slams Pistorius with five year prison sentence

South African appeals court more than doubles Pistorius sentence

South Africa’s Supreme Court increased Oscar Pistorius’ murder sentence on Friday to 13 years and five months after the state argued his original sentence...

Zambia moves to slow down debt accumulation as it seeks IMF...

Zambia has suspended new non-concessional borrowing to slow down the pace of debt accumulation as it seeks support from the International Monetary Fund (IMF),...
Low oil out impacts Angola’s economic growth

Zimbabwe’s economic situation “very difficult”: IMF mission chief

Zimbabwe’s economic growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official...
Fitch rates Nigerian banks

Fitch Ratings affirms South Africa’s ratings, keeps outlook stable

By: The South African Treasury Fitch Ratings has affirmed South Africa’s long-term foreign and local currency debt ratings at ‘BB+’ and maintained the stable outlook. Government...

South Africa keeps rate at 6.75%, says risks to inflation rising

South Africa’s central bank kept its benchmark repo rate at 6.75 percent on Thursday, in-line with expectations, citing increased risks to inflation posed by...

South Africa’s NUM union signs three-year wage deal in coal sector

South Africa’s National Union of Mineworkers (NUM) has agreed a three-year wage agreement with coal producers, averting a sector-wide strike that could have impacted...

South Africa to stabilise debt in next year’s budget: Gigaba

South Africa will implement spending cuts of 25 billion rand ($1.8 billion) and raise revenue by 15 billion rand in next year’s budget to...

Gold mining firms set aside $360MN for S.Africa silicosis law suit

Six gold mining firms, including Anglo American, have made a 5 billion rand ($361 million) provision to settle a class action law suit with...
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