Deputy President and newly elected ANC leader Cyril Ramaphosa has reaffirmed government’s determination to build an economy that serves “all our people”. In his first Christmas message as the party’s leader on Christmas Eve, Ramaphosa encouraged South Africans “to enter the New Year determined to redouble our efforts to build[…]
Zimbabwe’s new President Emmerson Mnangagwa has vowed to introduce new policies to re-engage with the world community and attract foreign investment after decades of isolation under Robert Mugabe. In his first state of the nation address on Wednesday, Mnangagwa said his priorities were to revive the southern African nation’s ailing[…]
The competition for the top six leadership positions in South Africa’s governing party, the African National Congress (ANC), was no carefully choreographed script such as the one-candidate-per-election of Chinese Communist Party congresses. It was a rip-roaring, full-throated democratic contestation – as raucous as US primary elections. Even more so, with[…]
Saudi Arabia said on Tuesday its economy contracted for the first time in eight years due to painful austerity measures as it announced record spending to stimulate growth. The OPEC kingpin said gross domestic product for 2017 shrank by 0.5 percent due to a drop in crude production in line[…]
Leading female scholars from Saudi Arabia have described moves to ease restrictions on women as government spin aimed at an international audience to bolster support for efforts to liberalise its ailing economy. Saudi Crown Prince Mohammed bin Salman is seeking to appeal to western governments as a reformist while cracking[…]
Mid-month fuel price data released by the Central Energy Fund (CEF) forecasts a sharp jump in fuel prices at the end of November, reports the Automobile Association. The AA says that motorists cannot expect much respite from a weakening domestic economy. The Association said: “The Rand is testing one-year lows[…]
Finance Minister Malusi Gigaba says drastic steps are needed to help South Africa’s ailing economy – including freezing senior civil servants’ salaries and selling chunks of state-owned enterprises. In an exclusive interview with City Press on Friday, Gigaba unveiled the surprise moves, which include slamming brakes on the country’s estimated[…]
Qatar’s financial markets stabilised on Monday after a week of losses as the government showed it could keep the economy running in the face of sanctions by its neighbours. The finance minister of the world’s richest country per capita played down the economic toll of the confrontation, and said the[…]
Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday. He said that the countries that had imposed sanctions on Qatar would also lose money because of the damage to business[…]
Constitutional Court Chief Justice Mogoeng Mogoeng has called on the country to treat the possible ratings downgrade to junk status delicately. Giving the keynote address at the OR Tambo Memorial Lecture in Newtown, Johannesburg on Thursday night, Mogoeng cautioned that leaders must do everything to avoid the country being relegated[…]
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