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.
After a yearlong hiatus, Zimbabwe has resumed the publication of year-on-year inflation figures, with the results showing a sharp increase since the last publication, at over 500%.
The coronavirus outbreak is unlikely to scupper a 1 July target for the first commerce under an African-wide free-trade deal.
Zimbabwe insists it’s prepared to deal with a deepening food crisis, but the United Nations says that so far there’s little evidence that enough corn is coming in to feed the drought-stricken nation’s 8.5 million people, nearly half the population, who are going hungry.
The African Continental Free Trade Area will test the capacity for African leadership to build consensus in translating policy to practice, says a futurist.
The West African Economic and Monetary Union has agreed with France to a number of changes to the CFA franc currency, says Ivory Coast's president.
The United Nations, through its World Food Programme, plans to more than double the number of people it is feeding in Zimbabwe to 4.1 million by January 2020, it said on Tuesday.
The Zimbabwe Stock Exchange has lost US$18bn worth of value since the country decided to drop a parity peg between the local currency and the US dollar.
The telecoms regulator hiked tariffs by 95% this week - after a 182% increase in August.
SA grabbed the two top spots and Cairo, Egypt only came in third, although it is home to more dollar billionaires than any other African city.
Government is working on developing legislation to regulate the participation of foreign nationals in the country.
Absa introduced precautionary measures to prevent the spread of Covid-19 at its headquarters in Johannesburg, after a contractor from Spain displayed "flu-like" symptoms.
Zimbabwe could be heading for another poor harvest after the country's biggest maize seed producer SeedCo said it had recorded a drop in sales.
Heavy rains have battered Zimbabwe's Hwange district, flooding coal mines and the country's biggest thermal power station raising fears that the country might experience increased power cuts this coming week.
Millions of people in Zimbabwe have been living with severe power cuts for months, affecting services and jobs, while pushing the economy to brink of collapse.
Zimbabwe's monthly inflation stood at 17.46% in November, shedding 21.29 percentage points on the October 2019 rate of 38.75%, according to ZimStat.
Mozambique's economy is on track for a "strong rebound" in 2020, the International Monetary Fund said on Wednesday, as it urged the government to ensure an expected gas boom benefits all citizens.
About half of the Zimbabwe’s 14 million people lack reliable access to enough food as a result of the worst regional drought in almost 40 years, according to the Finance Minister Mthuli Ncube.
A new Africa-Scotland business network with support from business and government is launching in Cape Town in November.
Nearly 210 million old 1 000 shilling notes has been returned, the central bank announced. This means 7.3bn shillings (just over R1bn) became worthless pieces of paper, bank governor Patrick Njoroge said.
After issuing more than 17 billion cedis (around R45bn) in bonds over the past two years to bail out banks and repay energy arrears, Ghana faces a new debt risk.
Cape TownLiberty Financial Advisers
BellvilleTumaini ConsultingR300 000.00 Per Year
Apartments / Flats
R 1 750 000
R 2 950 000
R 4 500 000
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