[SAnews.gov.za] Finance Minister Tito Mboweni says as a result of the COVID-19 pandemic, the country’s economy is projected to contract by 7.2% in 2020.
South Africa: Economy Expected to Contract By 7.2 Percent This Year
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Tag Archives: markets-allafrica
Africa: COVID-19 to Cost Billions in African Exports
[allAfrica] Geneva -COVID-19 is having a profound impact on global trade and the businesses that drive it, says a new report by the International Trade Center (ITC). The report highlights the devastating effect the pandemic is having on the small and medium enterprises so important to Africa’s economies.
Zimbabwe: Corruption Dents Mining Sector’s Recovery
[Zimbabwe Independent] The mining sector is in turmoil, with bureaucratic red tape and corruption, among other factors, causing loss of business confidence and sparking capital flight, businessdigest has learnt.
South Africa: VBS Bank Heist: More Arrests are Expected as Hawks Eye Directors, Municipalities
[News24Wire] The Hawks and the National Prosecuting Authority (NPA) have revealed that more individuals linked to the looting of about R2.2 billion from the now defunct VBS Mutual Bank could be arrested soon.
Africa: Continent Set to Get Debt Relief From China
[East African] Chinese President Xi Jinping has pledged to cancel interest-free debt owed by “relevant” African countries as part of Beijing’s move to help the continent during the Covid-19 pandemic.
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