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.
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South Africa received a positive risk rating upgrade recently, but according to Allianz Trade’s Country Risk Atlas, the country still faces increased commercial risk due to temporary disruptions in demand.
Fitch’s recent affirmation of the country’s BB- rating underscores concerns about weak GDP growth, power shortages, faltering logistics, and a rising government debt-to-GDP ratio.
Jeff Schultz, senior economist at BNP Paribas South Africa, provides the following perspective on the Budget. He discusses: What the ANC hopes the Budget will achieve politically. The outlook for government revenue and […]
Nigeria now has the largest economy on the continent following the release of much-anticipated preliminary rebased GDP statistics. The previous base year of 1990 has become outdated due to changes in the structure […]
The International Monetary Fund (IMF) concluded its 2013 Article IV consultation with Namibia on 29 January 2014. The Fund staff’s appraisal acknowledged that Namibia managed to make significant progress in relation to the […]
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% […]
