NewsSouthern Africa

Thu,17Aug2017

Southern Africa

Cash strapped Zimbabwe struggles to pay tobacco farmers

 Workers at Boka Tobacco Auction Floors inspect some of the tobacco on the first day of trading in Harare, March, 15, 2017. Photo:Tsvangirayi Mukwazhi/AP/SIPATobacco Farmers in Zimbabwe are demanding their money after weeks of payment delays as the country continues to experience a cash shortage.

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World Bank sees sub-Saharan Africa GDP growth up in 2017 after poor 2016 performance

Nigeria President Muhammadu Buhari, speaks at the presidential palac in Abuja, Nigeria, March 10, 2017. The World Bank has said that 2016 growth in Sub-Saharan Africa was hurt by poor performance in Nigeria, amongst other countries. Photo: Sunday Aghaeze/AP/SIPAEconomic growth in sub-Saharan Africa is seen rising between this year and 2019, helped by better commodity prices and improved global conditions, the World Bank said in a report on Wednesday.

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Zimbabwe's Mugabe impatient over pace of mining reform

Zimbabwean President Robert Mugabe delivers his speech during the country's 37 Independence celebrations in Harare, April, 18, 2017. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe's mining industry needs to be reorganised to contribute more towards the African country's economy, President Robert Mugabe told crowds gathered at the national sports stadium in Harare to celebrate the country's 37th independence anniversary on Tuesday (April 18).

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South Africa's Gigaba pledges to stave off third downgrade, meet with Moody's

Finance minister Malusi Gigaba, speaks to journalists at the presidential guest house in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPASouth Africa's new finance minister pledged on Thursday to do what he can to keep the country from a third credit downgrade to junk status, saying he would meet ratings firm Moody's to persuade it he will stay on the path of fiscal discipline.

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South Africa's Shoprite looks beyond Africa to Eastern Europe

Cars drive past a Tesco store in west London late Wednesday, April 17, 2013. Photo: Alastair Grant/AP/SIPAAfrica's biggest grocery retailer Shoprite is considering a push into South America and Eastern Europe, where it will leverage off its former suitor Steinhoff International which already has operations in the region, its new CEO told Reuters.

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S.Africa's manufacturing output contracts in February as recession looms

Shoppers make their way along the wide shopping avenues inside the newly-opened Mall of Africa in Midrand, South Africa, April 28, 2016. Thousands of South African shoppers flocked to the opening, despite rising unemployment and slowing economic growth. Photo: Denis farrell/AP/SIPASouth Africa's manufacturing output plunged in February as a sustained slump in consumer and business confidence hit the economy's second biggest sector, raising worries of a recession.

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