NewsSouthern Africa

Mon,11Dec2017

Southern Africa

South African parliament joins legal bid to quash call to change central bank's mandate

Speaker Baleka Mbete is in support of the South African Reserve Bank's legal bid to quash the recommendation. Photo: Nic Bothma/AP/SIPAThe South African parliament has filed papers in court challenging the anti-graft watchdog's proposal that the central bank be forced to change its economic mandate, it said.

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African visitors driving growth in tourism sectors on the continent, UNCTAD

In this photo taken Aug. 24, 2014, people look out to the ocean as the sun sets over the promenade in Cape Town, South Africa.Photo: Schalk van Zuydam/AP/SIPATourism is fueling economic growth in many African countries and Africans themselves are increasingly the ones driving the demand, a United Nations Conference on Trade and Development (UNCTAD) report said.

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South Africa's business confidence recovers from 7-month low

A worker at the Stock Exchange in Johannesburg, South Africa on April 4, 2017. Photo: Denis Farrell/AP/SIPASouth Africa's business confidence recovered from a seven-month low in June as a recovery in the rand the previous month helped boost export volumes and as imports of merchandise increased, a survey showed on Thursday.

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Central bank must be independent, South African finance minister says

Malusi Gigaba at a news conference in Pretoria, South Africa, March 31, 2017. Photo: AP/SIPASouth African Finance Minister Malusi Gigaba on Friday accused the country's anti-corruption agency of overstepping the mark in suggesting changes to the way the central bank works, insisting that monetary policy should remain independent.

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South Africa in talks to roll over $695 mln of state airline debt

People queue at the SAA ticket counter desk at OR Tambo International airport in Johannesburg, South Africa, April 26, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa's Treasury is in talks with banks to roll over 545.52 million pounds in debt due to be paid this month by struggling state airline South African Airways (SAA), a senior official said on Tuesday.

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Zimbabwe secures $478 million funding for agriculture: state newspaper

In this 2002 photo, a child searches for loose kernels among discarded maize at the Mbare informal market, Harare, Zimbabwe. Photo: THEMBA HADEBE/AP/SIPAZimbabwe's government has signed a $478 million agreement with an energy company and three banks to finance the 2017/18 summer farming season in a push to improve food security, a state-owned newspaper said on Monday.

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