SARB: Zim could hurt Africa
2008-05-13 18:46
Special Report
Four Chinese men face deportation from Zimbabwe after they were arrested for killing more than 40 tortoises for meat, a report says.
A dusty road leads to the village of Wedza, where veterans of Zimbabwe's liberation war eke out a meagre living on their farm cooperative, which after a promising start now brings only despair.
Pretoria - The South African Reserve Bank said on Tuesday the regional economic outlook remained positive, but that tensions over Zimbabwe's disputed presidential election posed a downside risk.
"Africa's economic outlook remains positive given the
continued favourable commodity price outlook, regional
macroeconomic stability, rising oil production and continued
capital inflows," the South African Reserve Bank said in a
bi-annual monetary policy review.
"The most important downside risks for growth in the region
would comprise heightened risk aversion by investors as a result of the tensions flowing from the Zimbabwe elections," it said.
Election officials in Zimbabwe say the main opposition
candidate defeated veteran President Robert Mugabe in the March
29 election, but failed to garner enough ballots to avoid a
run-off.
The opposition Movement for Democratic Change insists that
it won outright, and that Mugabe manipulated the result to cling to power.
- Reuters
- Reuters