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- HotBiz
- November 6, 2019
The outlook for Africa’s debt sustainability remains “cloudy” as low growth and high inflation challenge the stability of many economies across the continent, the World Bank’s Africa chief economist said on Monday. Andrew Dabalen said a form of stagflation taking hold was one of the biggest concerns. Growth is expected to reach 3.1% in 2023,
READ MOREThe South African Reserve Bank forecasts GDP growth of merely 0.3% in 2023, with loadshedding expected to detract two percentage points from overall growth this year. This is assuming 280 days of loadshedding at varying stages, but predominantly at stage 4, the SARB said in its Financial Stability Review. In the first five months of
READ MORE“Driving the living progress on the unbundling of Eskom into separate entities for generation, transmission and distribution. Significant progress has been made towards the establishment of the National Transmission Company of SA [NTCSA] as an independent subsidiary of Eskom. “The NTCSA has applied to Nersa for transmission, electricity trading, and electricity import and export licences
READ MOREBut the cost of alternative energy solutions can be daunting, the risk of losing productivity makes them a more viable option, he says. Nkosi says this is why group savings initiatives like stokvels could be useful to help stokvel members beat power cut blues. “The cost of living in South Africa keeps rising, and with
READ MOREJOINT PRODUCTION Officials in Seoul told Reuters that they pitched Poland on producing South Korean weapons there to make it easier to deliver to European customers. “The Korean government is promoting military diplomacy and defence co-operation so that the relationship with the purchasing country can develop into various partnerships beyond just a seller-buyer relationship,” South
READ MOREForeign investors who left Russia after selling their businesses there between March 2022 and March 2023 withdrew about $36bn (R708bn) from the country, the state RIA news agency reported on Monday, citing analysis of data from the Central Bank. Scores of the world’s biggest companies have left or scaled back their operations in Russia in
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