SARB: Zim could hurt Africa
2008-05-13 18:46
Special Report
A judge says allegations the main witness was tortured can be raised in Roy Bennett's trial that has shaken Zimbabwe's coalition government.
Zimbabwean President Robert Mugabe says he doesn't expect the US sanctions on his country to be lifted soon.
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