Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle

The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.

Zimbabwe – Running short on food and cash

The Zimbabwean economy is starting the year off with a shortage of staple food and paper money on top of its long-standing challenges. On the one hand, people in rural areas need to […]

South Africa – Politics to slip into holding pattern

A great man has gone, a massive spirit has moved on. In the imaginary world of George Lucas and Star Wars it took the destruction of an entire planet to cause a “disturbance […]

Zambia – Inflation edges slightly higher in November

The Central Statistics Office (CSO) of Zambia released its latest monthly report on Thursday, November 28. Consumer price inflation rose in November, halting a three-month decline since reaching a y-t-d high of 7.3% […]

Nigeria – Real GDP growth rises in Q3

Nigeria’s real GDP growth improved in the third quarter on the back of higher oil production as well as an increase in non-oil GDP growth. Real GDP at factor cost expanded by 6.81% […]

Regional – Sub-Saharan Africa – S&P report underlines role of fiscal, political risk in sovereign credit ratings

In a report released on November 12, the rating agency Standard & Poor’s (S&P) noted that high economic growth rates in the sub-Saharan Africa (SSA) region did not translate into improved credit quality […]

Namibia – IMF comments after Article IV visit

A mission from the International Monetary Fund (IMF) concluded its annual visit to Namibia with a statement on November 7, emphasising the “consistently high quality” of policy discussions with local authorities. The Fund […]

Mozambique – No return to war

The National Resistance of Mozambique (Renamo) has returned to the bush, but this does not mean a return to war. Nor do we see any threat to regional economies. Renamo – the spawn […]

DRC – Government seeks larger stake in mining boom

The government of the Democratic Republic of the Congo (DRC) is seeking to increase revenue from the expansion of its mining industry. The government plans to raise its free stake in new mining projects […]

Africa and the ICC

The recent special summit of the African Union (AU) marked a turning point in Africa’s relations with the International Criminal Court (ICC). At the summit, which was held in the context of the […]