The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
The IMF found that while South Africa had economic potential, risks to the economy, including weak growth and difficulties in the operations of state-owned enterprises, persisted, undermining potential.
Egypt has raised the price of piped drinking water by up to 45%.
Economic growth in sub-Saharan Africa is set to accelerate to 3.4% next year, the International Monetary Fund has said, citing Nigeria's recovering oil and agricultural sectors.
The International Monetary Fund has cut South Africa’s growth forecast for 2017 from 1% to 0.7% due to “political uncertainty”.
President Robert Mugabe reportedly told a Zanu-PF central committee meeting last week that the country's economy was now recovering despite an on-going cash crisis, says a report.
The International Monetary Fund says broad-based reforms to education are needed to boost growth in South Africa, which it predicts will remain below 1% in 2017.
In 2001 the International Monetary Fund (IMF) spoke of a “pernicious and intractable problem” known as state capture that was afflicting transition economies.
Finance Minister Nhlanhla Nene says economic forecasters should play a vital role in SA's budget process to assist in creating a better environment for growth.
Alejandro Werner, the head of the IMF’s Western Hemisphere department, has forecast that Venezuela's economy will shrink by 18% in 2018.
South Africa will face more fiscal difficulties and higher financing costs should state-owned companies’ debt continue rising and if the nation’s local debt is downgraded to junk, the International Monetary Fund has said.
President Robert Mugabe's reassignment of former finance minister Patrick Chinamasa is "going to undermine the country's re-engagement strategy with the international community", says an expert.
Up until a few years ago, Sudanese engineer Ahmed Abdallah used to manage his family's expenses on his $400 monthly salary but he has since had to take out loans to make ends meet.
Egypt announces $2.49bn package of income tax discounts, bonuses for state employees, increased pension payments and cash subsidies to help Egyptians cope with soaring inflation
Common sense dictates that inequality is bad for social cohesion, plus it is morally reprehensible.
Nigeria has overtaken SA as the top economy in Africa. Find out why scores of South African companies are investing in Nigeria.
Africa brings a glimpse of hope to the unstable global economy, says Finance Minister Pravin Gordhan.
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