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In the coming days, the last absolute monarch in sub-Saharan Africa, King Mswati III of the Kingdom of Eswatini will celebrate 40 years on the throne. Photo: Wang Yu Ching

Forty years of Mswati rule offer zilch to celebrate

Eswatini is a small, resilient, and culturally rich nation. Its people have endured extraordinary pressure. But on governance, the record is one of systemic failure: captured…

Malawi president Peter Mutharika

Malawi’s new government drops corruption cases against senior officials

The move could undermine Lilongwe’s pursuit of a new programme with the International Monetary Fund

While it is true that “too many young people struggle to find their first job” (SONA), imposing  the primary responsibility on young people to ‘do better’, by completing well-meaning programmes designed by adults who know what is best, absolves institutions of the responsibility to re-think their assumptions, approaches, and programming to more effectively address structural challenges. (Oupa Nkosi)

“Inactive” youth, Sona’s panacea of digital skills and missed creative opportunities

If a commitment to youth-led initiative is to be taken seriously, it is imperative to include youth in decision making on where to direct investment, how to design curricula for…

Finance Minister Enoch Godongwana. (GCIS)

IMF expects Godongwana to maintain budget surplus target of 1.5% of GDP

The global lender said controlling the public sector wage bill would be critical and commended the government’s plans to address inefficiencies and provide incentives for early…

Done deal: FNB Zambia CEO Kapumpe Chola and Stanchart Zambia CEO Sonny Zulu after signing the deal
that saw FNB acquire Stanchart WRB business. Photo: FNB Zambia

Major shift in African banking

As foreign banks retreat from the continent, local lenders are stepping up to fill the gap

Under the sanctions law, the Zimbabwe Democracy and Economic Recovery Act of 2001, the US Secretary of the Treasury votes against any new loans, credits or debt relief for the Zimbabwean government from international financial institutions. (Shuttershock)

US Republicans propose bill on removal of Zimbabwe sanctions

If the Department of State Policy Provisions Act is passed into law, the US will support Zimbabwe borrowing money from international lenders such as the World Bank

World view: German Chancellor Olaf Scholz (right) stands with Ajay Banga, President of the World Bank (left), on a balcony of the town hall before a session of the Hamburg Sustainability Conference on 7 October in Hamburg, Germany. Photo: Marcus Brandt/Getty Images

Hard truths in Hamburg hit home

Among the truths is that most of the 17 sustainable development goals adopted by UN member states are doomed to fail

Botswana’s President Mokgweetsi Masisi looks at a large diamond discovered in Botswana at his office in Gaborone on August 22, 2024. The 2492 carat diamond was discovered in the Karowe mine in Botswana of Lucara Diamond Company.  (Photo by MONIRUL BHUIYAN/AFP via Getty Images)

The panic behind Botswana’s big, sparkly diamond show

Diamonds account for 30% of the country’s economy, but lab-grown gems mean less demand for ones dug out of the soil

File photo

In the battle of superpowers, SA will always be vulnerable

The rand’s fall after the US’s Russian arms claims shows South Africa can’t risk taking a side

Zambia President Hakainde Hichilema

Zambia’s debt crisis is not easy to solve

In early 2021, the country agreed to be a guinea pig for a new approach to tackle sovereign debt

the country’s government debt to GDP ratio is unsustainable at 73.45%. In other words, our debt stock is worth nearly three-quarters of the total value of goods and services produced in the country in any given year. (Waldo Swiegers/Bloomberg via Getty Images)

Explainer: What forces will shape South Africa’s economy in 2023?

Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around

Interest-free ‘buy now, pay later’ takes hold in Africa

Short-term financing companies are offering pay-over-time loans as payment methods, often interest-free, in several cash-strapped countries

IMF to inject $650 billion in Special Drawing Rights into the global economy. (Getty Images)

Africa needs to reset its relationship with the IMF

The allocation of special drawing rights is based on the size of a country’s economy, which means the richest countries on the African continent will get the lion’s share

Protection: A Turkish doctor inoculates a 101-year-old woman against the coronavirus. The WHO says countries that vaccinate most of their populations will fare better economically Photo: Bulent Kilic/AFP

Vaccines split global recovery – IMF

The global economy will expand by 6% this year but the economic gap between nations is widening.

Mayor Bloomberg lashes out at Occupy Wall Street protesters

‘Indignant ones’: The Spaniards who launched ‘occupy’

Fuelled by social media, the protests were horizontal in structure, decentralised with no identifiable leader, and took shape without the involvement of unions or political…

Without providing any specifics as to which form it would take, the United States embassy has warned of a possible terror attack in Johannesburg’s wealthy Sandton area this Saturday.

How to rescue SA’s ailing economy

2020 was a challenging year for everybody, with no growth forecast in the economy, fears of a deep recession and a jobs bloodbath. Three experts contextualise this situation,…

Trade, Industry and Competition minister Ebrahim Patel.

Patel: South Africa on target to attract R1.2-trillion in investments

The trade minister says the country is on track to reach more than R1-trillion worth of investments over five years, despite Covid-19 disruptions

Unions have previously called for higher earners’ salaries, such as those of ministers, to be cut. But the assessment has shown that increases in remuneration have been the fastest for employees on the lowest salary levels and slower for top earners.

Public wage bill is impeding SA’s growth prospects — Busa

Business Unity South Africa is eager to talk to its social partners at Nedlac about how the spiralling public-sector wage bill can be tamed. And the organisation says these talks…

Finance Minister Tito Mboweni. (David Harrison/M&G)

Tito needs the IMF, South Africa doesn’t

The IMF loan is given with false motivation — to provide political cover for entrenched neoliberalism and deep cuts in the public service

Finance Minister Tito Mboweni. (David Harrison/M&G)

South Africa gets $4.3bn IMF loan. In return, the country must reform

The loan, which is repayable over five years at an interest rate of 1.1%, comes with various self-imposed conditions such cutting the public wage bill and rationalising support…