The South African Reserve Bank Governor, Lesetja Kganyago announced today that the reserve bank will keep the interest rate unchanged at 6.5 per cent. Kganyago said the MPC looked at the risks to the growth forecast to be on the downside. Annabel Bishop, Chief Economist at Investec joins CNBC Africa to give analysis.
Mozambique's Ex-Finance Minister, Manuel Chang, returns to court tomorrow to fight for his freedom. Chang has been in police custody in South Africa for almost three weeks following his arrest for alleged fraud. The charges related to one of the biggest scandals in Maputo that led the country into default and the economy into tailspin. CNBC Africa's Fifi Peters filed this report.