South Africa’s 2018 GDP growth expected to hit 1.7 pct in 2018

 JOHANNESBURG – South Africa’s economy is expected to recover from a poor start this year, rescued by stronger growth in the rest of the world, a Reuters poll found on Wednesday.

Local government in South Africa is in crisis. How it can be fixed

By Dirk Brand Most of South Africa’s 257 municipalities are in a disastrous financial position. According to the country’s Auditor General, only 33 (13%) are in full compliance with the relevant…

Trump ratchets up China trade conflict with fresh tariff threat

WASHINGTON/BEIJING – U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade…

South Africa’s rand falls to 6-1/2 month low as global trade war escalates

JOHANNESBURG – South Africa’s rand fell to 6-1/2 month lows early on Tuesday as U.S. President Donald Trump threatened new tariffs in an escalating tit-for-tat trade war with China, hitting sentiment in…

Foreign investors eyeing Zimbabwe

HARARE – There has been increased interest in Zimbabwe from investors following the new political dispensation, but the country still has a long way to play catch up with regional…

Fastjet boost flights on Harare-Vic Falls route

HARARE – Regional airline Fastjet says it will increase flights between the Harare and Victoria Falls route as it eyes an 85 percent growth on the route.

Tobacco farmers earn $574m

Livingstone Marufu— HARARE – Tobacco farmers have grossed $574,5 million from 197,3 million kilogrammes that have been delivered 59 days into the 2018 marketing season, a gain of more than…

DPC to conclude Royal Bank compensations

HARARE – The Depositor Protection Corporation (DPC) will conclude compensation payments for defunct financial services provider Royal Bank Limited.

There’s a new way of measuring poverty in South Africa: Here’s how it works By Derek Yu

There’s more to understanding a country’s poverty levels than merely calculating how much or how little individuals earn. That’s why a method called the multidimensional poverty index was introduced globally…

Stocks fall, dollar hits seven-month high as U.S. readies China tariffs

LONDON – World shares fell and were set to end the week in the red on Friday while the dollar climbed to a seven-month high, as investors braced for a list of…

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