NewsSouthern Africa

Wed,22Nov2017

Southern Africa

Zimbabwe to cut budget deficit by half in 2018: Treasury

Zimbabwean President Robert Mugabe shares a light moment during his meeting with South African President Jacob Zuma in Pretoria, South Africa, Oct. 3, 2017. Photo: Themba Hadebe/AP/SIPAZimbabwe expects to cut its budget deficit by half next year to 4 percent of gross domestic product, while economic growth will slow down to 3 percent, according to a treasury document seen by Reuters on Tuesday.

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South Africa's cabinet changes rattle bonds, rand extends losses

ANC President Jacob Zuma gestures during a news conference on the eve of a parliamentary vote, in Johannesburg, South Africa, April 21, 2009. Photo: DENIS FARRELL/AP/SIPASouth African government bonds weakened and the rand extended losses against the dollar on Tuesday after President Jacob Zuma reshuffled his cabinet and the weekly bond auction failed to attract strong demand.

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Madagascar plague appears to have spread to Seychelles: WHO

 In this Oct 3, 2017 file photo, children wear face masks at a school in Antananarivo, Madagascar. Photo: Alexander Joe/AP/SIPAA probable case of plague in the Seychelles, imported from Madagascar, is believed to have sparked the Indian Ocean country's first outbreak of the disease, the World Health Organization (WHO) said.

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Brandy chases whisky in South African spirit wars

 In this Nov, 18, 2011 photo, a waiter serves cocktails to guestsat the trendy Randlords in Braamfontein, Johannesburg. Photo: Denis Farrell/AP/SIPA"Klippies and coke". These are the orders ringing out in bars across South Africa as thrifty consumers switch from imported, big-brand whisky to various types of locally produced brandy to quench their thirst.

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South Africa to woo investors at IMF meetings

Malusi Gigaba at a news conference in Pretoria, South Africa, March 31, 2017. Photo: AP/SIPASouth Africa's Finance Minister Malusi Gigaba and central bank governor Lesetja Kganyago head to Washington this weekend to meet ratings agencies and international investors in a bid to boost growth in an economy that is emerging from recession.

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Sub-Saharan Africa to grow at a slower rate this year, World Bank says

Pedestrians shop at a busy Balogun Market in Lagos, Nigeria, Sept. 5, 2017. Photo: Sunday Alamba/AP/SIPAEconomic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent projected in April.

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