Business

Sat,17Nov2018

Business

New South African finance minister to stick close to Feb budget

A 2006 photo of South Africa's then Finance Minister Trevor Manuel,, and Central Bank Governor Tito Mboweni ... now South Africa's new finance minister. Photo: AP Photo/Rick  South Africa's new finance minister Tito Mboweni will stick closely next week to previous budget forecasts for the coming two fiscal years, with only slight slippages due to poor revenues, economists predicted in a Reuters poll.

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Ethiopia | The state goes to market

Could privatising state-owned enterprises prove to be the cash cow Ethiopia needs? - Jiro OSE/REDUX-REA
A re-jig of Ethiopia’s developmental-state model will create more room for the private sector and bring in much-needed capital

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South Africa's Treasury says recession, falling revenue dent public finances

South African President Cyril Ramaphosa, left, shakes hand with newly elected Finance Minister, Tito Mboweni, in Cape Town, South Africa, Tuesday, Oct.9 2018.  Photo: AP/SIPASouth Africa will struggle to finance the public services that form the largest part of its budget due to falling revenues and an economic recession, the National Treasury told lawmakers on Tuesday.

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Steinhoff asks creditors for restructuring extension

A shopper takes his shopping cart along one of the wide walk-ways at the newly-opened Mall of Africa in Midrand, South Africa, Thursday April 28, 2016. Photo: Denis farrell/AP/SIPASouth African retailer Steinhoff, has asked creditors for a one-month extension relating to its debt restructuring as it negotiates documents required to implement the plan, it said on Monday.

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Stock exchanges: IPO highlights and stage fright

A worker at the Stock Exchange in Johannesburg, South Africa uses his mobile phone Tuesday, April 4, 2017. Photo:  Denis farrell/AP/SIPA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

African exchanges largely performed well in 2018, but there  are some challenges taking shape

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South Africa's Exxaro looks to fill Eskom coal shortage

 Nov. 21, 2011, the cooling towers at Eskom's coal-powered Lethabo power station are seen near Sasolburg, South Africa. Photo: AP Photo/Denis South African miner Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy.

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World Bank cuts Sub-Saharan Africa growth forecast

 
 

Pedestrians shop at a busy Balogun Market in Lagos, Nigeria, Tuesday, Sept. 5, 2017. Photo:Sunday Alamba/AP/SIPA. Economic growth needs to be boosted in Nigeria, South Africa and Angola. The World Bank has dropped its 2018 economic growth forecast for Sub-Saharan Africa, partly blaming sluggish growth in some of the region's bigger economies.

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