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The limits on the economy

As dissent grows and government lacks finance for a new land scheme, the finance minister insists prospects are brightening

Rejecting the gathering gloom about the national economy, Finance Minister Mthuli Ncube released a budget strategy paper on 16 October forecasting the economy would grow by 7.4% ne...


A change of tone

President Ramaphosa has made a renewed commitment to review public ownership and plot out a major role for the private sector

After a decade of corruption, economic decline and a crippling pandemic, President Cyril Ramaphosa has unveiled his Economic Reconstruction and Recovery Plan, which does not go as ...


Frelimo flounders in north

The insurgents in Cabo Delgado retain the initiative, having attacked a village in Tanzania and reportedly destroyed a Tanzania People's Defence Force armoured personnel carrier on...


New debt demand as bondholders defer decision

A local company goes to court to recover $300m from the state power utility as bondholders postpone a vote on the government's request for debt relief

The operator of the country's only coal-fired power station, Maamba Collieries Ltd., has opened arbitration proceedings with Zambia's state-owned electricity utility Zesco to recov...


Private capital, green shoots

A combination of worsening power cuts and investigations into grand corruption in the state utility and its suppliers has forced a policy shift

The government is finally backing a plan that will open the state power utility Eskom to private investors, putting the energy sector at the core of the country's economic recovery...


This time, it's personal

A spate of arrests of officials on corruption charges is leading to the door of Ace Magashule, Secretary-General of the ruling party

Within weeks Cyril Ramaphosa will face his toughest battle as President as he tests his authority against the second-most-powerful politician in the country, African National Congr...


The great bond bust

Deteriorating relations between the holders of Zambia's $3 billion Eurobonds and the government after its 22 September request for a six-month suspension of coupon payments point t...


Default hits election plan

The de facto default on Eurobond payments is getting in the way of a plan by the ruling party to create a slush fund for its next election campaign

The government's request on 22 September to holders of its US$3 billion of Eurobonds for a six-month suspension of repayments will have political repercussions as well as the finan...


Surge of the insurgents

The government has done nothing to dislodge Islamist guerrillas who have held a coastal district capital for over five weeks

After attacking Mocímboa da Praia several times this year, the Islamist insurgents of northern Cabo Delgado took control of the coastal town, which is a port and the district capit...


For sale: one used war machine

Local and international buyers are circling the debt-crippled and state-owned Denel as it is forced to sell its assets to stay afloat

Denel, the remnant of the arms manufacturing and trading colossus Armscor that once propped up apartheid, is probably the least-known of South Africa's beleaguered state-owned ente...


Displaying 1-10 out of 2328 results.