10/12/2023
Nairobi property sixth most expensive in Africa
It shows that Cape Town in South Africa is the most expensive city in Africa for the super-rich who have to pay about $5,200 per square metre of prime property.
Comment, Analysis & Research
10/10/2023
Kenya's grocery retail sector is a beacon of innovation and growth
Kenya has a growing reputation as the East Africa’s marketplace
10/10/2023
South Africa's net foreign reserves fall to $54.980bln in Sept
The forward position, which represents the central bank's unsettled or swap transactions, fell to $0.511bn from $0.515bn
10/09/2023
Fiscal space still tight despite rise in FAAC disbursements
As illustrated by our chart, it is also the highest distribution (in local currency terms) to the constituent governments for as far back as we can track.
10/09/2023
A marked m/m decline in revenue in May ‘23
The revenue take also represented a shortfall of -53% relative to the monthly revenue benchmark of NGN1.8trn.
10/09/2023
The average wealth in South Africa vs the USA, Australia, UK and more
In most other countries, the development looked similar as the turnaround in interest rates was more or less conducted by all countries – albeit at different speeds.
10/09/2023
It’s not sinful for clerics to be wealthy – CAC president
Before one becomes a man of God, one is first and foremost a man.
10/06/2023
Cost of living crisis: middle-class South Africans need to find an extra R9,000 every month
“These interest rate hikes have significantly impacted the cost of repaying loans, and this has been felt by the average South African consumer,” Kruger added.
10/05/2023
Rand hits weakest levels since Lady-R drama
The current weakness is far less bombastic and does not entail high political drama, however.
10/04/2023
South Africa’s ‘lost’ billions
The upside and downside scenarios include faster and slower progress, respectively, in improving energy and logistics security.
10/03/2023
Triple blow for South Africa
The value of imports also increased relative to July and was up by R10 billion (6.3% m-o-m).
09/29/2023
CoB seeks stop to loans cover for rich State firms
The move is meant to ease the weight of debt payment on the Exchequer as some of the entities
09/28/2023
Boost for take-home pay in South Africa
Nominal salaries improved in July and August following a stabilisation in Q2, despite the overarching negative narrative surrounding the economy.
09/21/2023
Good times for inflation in South Africa are over: Nedbank
According to Stats SA, inflation edged up slightly higher in August, posting a figure of 4.8% (from 4.7% YoY in July).
09/21/2023
Bump on the road for inflation in South Africa – but good news for food prices
Although food and non-alcoholic beverages (NAB) inflation continued to drop, it was not enough to counteract the rise in fuel prices and increases in municipal tariffs.
09/20/2023
Global debt hit $307tn in H1 – IIF
Nigeria’s total external debt stood at N33.25tn ($43.16bn) in Q2 2023, while total domestic debt was N54.13tn ($70.26bn).
09/20/2023
Eskom hits a wall finding De Ruyter’s replacement
Eskom CFO Calib Cassim took over as interim CEO, but he will likely steer the ship for longer than expected.
09/20/2023
AI tops search by Kenyans fretting over job security
Google search records showed that Kenyans are interested in learning about AI and whether their jobs are at risk.
09/19/2023
Government must look beyond taxes, levies for revenue – Amaeshi
In addition, there are very few reasonably sized businesses in Imo State, and sometimes the skills available do not match the needs of the market.
09/18/2023
Bankers warn of tough times ahead
As government finances worsen and households struggle, the immediate future looks bleak