aurora
- businessweekly
- March 10, 2020
- 46 views
Oil jumps 5% after rout on stimulus hopes, slowing virus in China
SINGAPORE – Oil prices jumped by 5% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although early gains were pared on demand concerns over the global spread of the coronavirus.
- businessweekly
- March 10, 2020
- 42 views
Nigeria to cut budget in face of oil price crash -finance minister
ABUJA – Nigeria will cut size of its budget in the face of sharp declines in the price of crude oil, the nation’s finance minister told reporters on Monday.
- businessweekly
- March 9, 2020
- 83 views
South Africa’s mobile market: the bottlenecks blocking competition
In the recent State of the Nation address President Cyril Ramaphosa hailed the South African Competition Commission’s ruling to dramatically reduce data prices as an important step to improve lives, bring people into the digital economy and stimulate online businesses.
- businessweekly
- March 9, 2020
- 52 views
Oil suffers rout after Saudi Arabia fires first shot of price war
TOKYO – Losing more than a quarter of their value, oil prices were set on Monday for their biggest daily rout since the first Gulf War, after Saudi Arabia cut its official prices in a market already reeling from the impact of the coronavirus on global demand.
- businessweekly
- March 9, 2020
- 54 views
S.Africa’s rand crumbles to 4-year low as panic selling in Asia deepens rout
JOHANNESBURG – South Africa’s rand tumbled to a four-year low on Monday, joining a global sell-off in riskier assets as the coronavirus outbreak continued to spread globally and oil prices collapsed.
- businessweekly
- March 9, 2020
- 67 views
AfCTA can positively impact Africa’s agriculture markets
Why is Africa still importing foodstuffs when it should actually be the breadbasket of the world?
- businessweekly
- March 9, 2020
- 82 views
COVID-19 takes its toll on tourism
The global tourism industry is expected to suffer estimated losses of up to $50 billion due to the outbreak of the deadly COVID-19 worldwide, the United Nations World Tourism Organisation (UNWTO) has said.
- businessweekly
- March 2, 2020
- 121 views
Prices maintain upward momentum
The prices of basic commodities in Harare have continued to rise over the past number of weeks, despite the Zimbabwe National Statistical Agency (ZimStats) recently reporting that the month-on-month rate of inflation decreased in January.
- businessweekly
- February 25, 2020
- 85 views
Zimbabwe preps for FAO Regional Conference
Zimbabwe will next month host the Food and Agricultural Organisation (FAO) Africa Regional Conference in Victoria Falls.
- businessweekly
- February 25, 2020
- 270 views
South Africa’s spaza shops: how regulatory avoidance harms informal workers
Small informal retailers are a ubiquitous feature of any developing country’s urban landscape. Known as spaza shops in South Africa, they are an important, even vital, component in the townships. Numbering over 100,000 across the nation, they make critical contributions to local food security, self-employment and community cohesion.