09/06/2023
Relief for South Africa as GDP ticks higher
Despite a decline in overall household consumption, consumers continued to spend more on restaurants and hotels.
Comment, Analysis & Research
09/05/2023
Africa’s youth biggest asset for the continent and the world
Ruto highlighted his government’s initiative to establish smart cities to tackle unsustainable settlements
09/04/2023
An improved current account surplus in Q1 ‘23
The positive outcome on the current account was mostly due to a lower net deficit
09/04/2023
IMF sees some hope for South Africa
Steps to improve the power supply – including relaxing restrictions on private power generation – could see the growth rate improve to 1.7% next year, IMF forecasts show.
09/01/2023
Banks, insurance firms, others contribute N1.72trn to economy
The overall rate was lower than Q2 2022 by 1.90% points, and higher by 5.63% points than the preceding quarter.
08/31/2023
South Africa reports record budget deficit
The yield on notes due December 2026 rose three basis points to 8.89%, while those on debt maturing in 2048 jumped nine basis points to 12.37%.
08/29/2023
Over 900 South African businesses have closed in 2023 – but there is a silver lining
There has also been a 14.2% decrease in the number of liquidations for the first seven months of 2023 compared to the same period in 2022.
08/29/2023
New Development Bank needs new approach
These measures plunged African economies into recessions and depression, and many citizens experienced political instabilities and became destitute.
08/28/2023
BRICS expansion a big boost for business in South Africa: CEO
“This was a strong positioning for South Africa as an enabler and gateway to the growth of Africa,” Mavuso said.
08/24/2023
Africa now fastest growing source of diaspora flows to Kenya
Most of the cash from those residing abroad is spent on consumption, with North America accounting for 60 percent.
08/24/2023
South Africans have taken an insane amount of money overseas
This has resulted in South Africa being one of the few emerging markets with a net positive investment position
08/23/2023
Over 2.1mln Kaduna residents have no access to financial services — Nigeria
Looking at the banking sector in the last decade the CBN controller, noted that it has gone through some drastic transformation in line with the global trend
08/22/2023
Bank of Ghana didn’t breach any procurement laws in $250m HQ project – Dr. Addison
Dr. Ernest Addison, the Governor of the Bank of Ghana has refuted allegations that the central bank broke procurement laws in the construction of its new headquarters.
08/21/2023
What South Africans want from their bosses
The survey mainly used respondents in data analysis, design, project management and software development.
08/17/2023
Power sector still grappling with liquidity challenges
In comparison to the more robust data
08/17/2023
Kenyan Firms Cautious About Hiring Staff, Contrary to Banking Sector
The Survey also enables respondents to indicate their levels of optimism in the country’s economic prospects and business environment
08/17/2023
Private firms see fewer new jobs over inflation
In March, 12 percent said they definitely expected to hire new staff, but this number dropped to six percent in July.
08/16/2023
Punished for success in South Africa
To counter this, the commission ordered that these businesses change the way they operate – sometimes on a fundamental level.
08/15/2023
UBA commits to global reporting standards, releases 2022 Annual Sustainability Report
United Bank for Africa is one of the largest employers in the financial sector on the African continent
08/14/2023
Continued deterioration of gross official reserves
The decreasing official reserves have placed limitations on the Central Bank's capacity to engage in foreign exchange market interventions.