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South Africa’s recession will end soon – Jacob Zuma

Embattled South Africa’s President Jacob Zuma on Thursday said he was confident that the Southern African Biggest economy will emerge soon from its recession. South Africa’s economy fell into a recession for the first time since 2009 after it contracted for a second straight quarter in the first three months of 2017. “This situation is […]

Lesotho: New PM to be sworn in despite shooting of wife

Lesotho newly elected Prime Minister Thomas Thabane will be inaugurated on Friday despite the fatal shooting of his wife on Wednesday by an unknown gunman. News emerged late on Wednesday that the estranged wife of Thabane had allegedly been shot dead just two days before the inauguration of her husband in the mountainous kingdom. 58-year-old […]

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Zambia: Sugar production increases by 47%

Zambia Sugar, a unit of Associated British Foods, on Thursday said its refined sugar production has increased by 47% to 65,000 tons in the year that ended March 31, driven up by increased refining capacity. According to the managing Director of Zambia Sugar, Rebecca Katow, despite the increment of the production, total sugar production fell […]

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South Africa could harvest highest maize crop in 40 years

South Africa is expecting to harvest its highest maize crop in 40 years following good rains in the first quarter of 2017. According to the South African Crop Estimates Committee (CEC), farmers are set to harvest over 15 million tons of maize this season, almost double last year’s harvest. The extra produce is expected to […]

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South Africa: Zuma survives no confidence vote, Dubai exit plan exposed

South Africa’s President Jacob Zuma has survived another vote of no confidence this weekend despite a spate of recent corruption scandals, cabinet sackings and his handling of the economy. President Zuma has been under increasing pressure to step down from party veterans and members of the African National Congress’s communist and union alliance partners in […]

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South Africa’s April inflation falls to 5.3 percent

Consumer Price Inflation (CPI) decelerated from 6.1 percent, year-on-year in March to 5.3 percent in April, Statistics South Africa announced on Wednesday. The South African Central Bank, which is due to announce its latest interest rates this week, targets annual CPI of between 3 percent and 6 percent. Food and non-alcoholic beverages decreased from 1.5 […]

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South Africa: General Motors to cut 600 jobs

Some 600 workers out of 1,500 at General Motors in South Africa will lose their jobs by July after a decision last week by the American giant to sell its local operations, South Africa’s top manufacturing union said. According to the National Union of Metalworkers of South Africa (NUMSA), the carmaker had confirmed the numbers […]

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South Africa: Ex-presidents join national crisis dialogue

Three former South African Presidents, F.W. de Klerk, Thabo Mbeki, Kgalema Motlanthe and former Deputy President Phumzile Mlambo-Ngcuka have joined a national dialogue initiative on Friday to discuss challenges facing the continent’s biggest economy. The discussions come a month after Presidents F.W. de Klerk and Thabo Mbeki have called for a national discussion on how […]

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World Bank trims Sub-Saharan Africa growth projection

The World Bank cut its growth projection for sub-Saharan Africa this year after a tumultuous period in 2016. According to the bank, Sub-Saharan Africa is projected to grow at a moderate rate of 2.6 percent in 2017. Growth this year will be “better than the 1.3 percent in 2016, the lowest in two decades, but […]

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South Africa’s Mbeki questions Jacob Zuma’s fate

South Africa’s former president, Thabo Mbeki in a letter published by The Star newspaper on Monday, urged Members of Parliament (MPs) to vote based on the will of the people during an impending no-confidence motion tabled by opposition parties against incumbent Jacob Zuma. Mbeki says although it could be assumed that MPs must respect decisions […]

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