NewsSouthern Africa

Fri,17Nov2017

Southern Africa

South Africa adds central bank row to economic and political troubles

President Jacob Zuma gestures during a news conference in Johannesburg, South Africa. Photo: DENIS FARRELL/AP/SIPAA major row in South Africa over the independence of its central bank escalated on Tuesday, with both sides trading barbs in a dispute over whether the bank should be more concerned about citizens and less about currency.

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South Africa's low business confidence setback to growth recovery: Moody's

Finance minister Malusi Gigaba, speaks to journalists in Pretoria, South Africa, March 31, 2017. Photo: Themba Hadebe/AP/SIPAThe steep decline in South Africa's business confidence is a setback to economic growth recovery and will dampen investment, ratings agency Moody's said on Monday, after Africa's most industrialised economy slumped to a recession.

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Botswana's BCL to be sold off piecemeal after sale talks fail

Botswana President Ian Khama attends the SADC Heads of State Summit  in Harare, April, 2015. Photo: TSVANGIRAYI MUKWAZHI/AP/SIPACollapsed state-owned Botswanan copper and nickel producer BCL Limited will be sold off piecemeal after the company failed to find a buyer, its liquidator said on Friday.

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South Africa's Vodacom names Moleketi as chairman

A schoolboy walks beneath a mobile phone advertising billboard in Johannesburg Sept 2014. Photo: Denis Farrell/AP/SIPASouth Africa's Vodacom Group said on Thursday it has appointed non-executive director Jabu Moleketi to succeed Peter Moyo as the mobile phone network operator's next chairman.

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South Africa's industrial policy is bearing fruit

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South Africa's trade and industry minister Rob Davies​ speaks to The Africa Report about developing regional value chains and the importance of the state’s role in getting positive social and economic outcomes from the private sector​.

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Zimbabwe bans grain imports after higher maize output

A woman gathers maize grain she harvested on the outskirts of Harare, Zimbabwe Oct 2012. Photo: Tsvangirayi Mukwazhi/AP/SIPAZimbabwe has banned grain imports to protect local farmers after producing enough to meet domestic demand, a government minister said on Tuesday, just a year after a devastating drought left more than 4 million people in need of food aid.

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