NewsSouthern Africa

Sun,18Nov2018

Southern Africa

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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South Africa finance minister's IMF trip eases fears over his future

South Africa Finance Minister Nhlanhla Nene, left, delivers the annual South Africa budget speech to Parliament in Cape Town, South Africa, Wednesday, Feb. 25, 2015.Photo: AP Photo/Schalk van ZuydamSouth Africa's finance minister is traveling to Indonesia for an International Monetary Fund (IMF) meeting, the Treasury said on Tuesday, a statement that may soothe markets a day after a media report that he had asked the president to sack him.

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South Africa banks: ITV - Capitec Bank

CapitecCapitec Bank, the growing rival to the ‘big four’

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South Africa banking: start-up shake-up

 

monoliths of the South African banking landscape: Absa; Standard Bank and First National Bank. Photo: Mike Hutchings/ReutersSouth Africa is 'a marketplace without boundaries', says PwC, and new niche players are limbering up to compete with the country's top banks by offering digital, lower-cost financial services

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Mining firms say Zambia's tax hike plan would ruin economy

Zambian workers constructing a new $300 million copper smelter in Chingola, Zambia, in this Wednesday, Dec. 13, 2006 file photo. Photo: JOSEPH SCHATZ/AP/SIPAZambia's proposed mining tax increases would hobble Africa's second biggest copper industry, companies said on Thursday, a further warning to investors already concerned about the country's mounting debt.

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Finance: Opportunity knocks again

 

Getty imagesBank profits are growing as many of the big international financial institutions pull out of the continent to reduce their risks. But as they grow, will local banks be able to turn away from the easy money of buying government bonds in order to finance factories, farmers and fintech?

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