News
South Africa Unemployment Falls to Five-Year Low
2+ hour, 18+ min ago (200+ words) South Africa's unemployment rate fell to 31.4% in the final quarter of 2025, the lowest level in more than 5 years, according to Statistics South Africa. The rate declined from 31.9% in the previous quarter and came in below the 31.7% forecast by economists. Net…...
South Africa: Quick Explainer - What Causes Changes in the Rand Exchange Rate?
3+ day, 4+ min ago (450+ words) Why the "commodities boom" has made a difference A year ago, you'd have had to pay R18.49 for a US dollar if you wanted to buy something from the US. Yesterday, you'd have had to pay just R16.05. The rand has also…...
Mozambique: Lectures From the IMF, but No New Loan
3+ day, 2+ hour ago (543+ words) Maputo " The Executive Board of the International Monetary Fund (IMF) has announced that the Mozambican government faces increasingly difficult financing conditions due to the vulnerability of the country's debt, both domestic and foreign. According to an IMF team, that visited…...
South Africa: Half the Foods Families Buy Every Month Are Still Taxed
3+ day, 22+ hour ago (142+ words) Almost half of the foods low-income families depend on every month are still subject to VAT, according to the January Household Affordability Index. The report shows that 22 of the 44 items tracked in the household food basket are taxed. Foods subject…...
Mozambique: IMF Dashes Chapo's Hopes and Sets the Course for Hard Times
4+ day, 23+ hour ago (431+ words) [Mozambique News Reports And Clippings] Chapo's hopes for IMF approval were dashed today (17 February) by the IMF Executive Board, with no discussion of a new loan or programme. President Daniel Chapo has publicly put his hope on a new loan…...
South Africa: 70,000 Grant Payments Suspended in Crackdown
2+ week, 3+ day ago (564+ words) Close to 400,000 beneficiaries notified their social grants are under review as oversight tightens The South African Social Security Agency (SASSA) says it has stepped up its social grant review programme as part of a broader push to tighten compliance under…...
Ghana: Inflation Drops to 3.8 Percent in January - Lowest in Nearly 30 Years
2+ week, 3+ day ago (599+ words) The country's year-on-year inflation rate eased further to 3.8 per cent in January 2026 from 5.4 per cent in December 2025 on the back of strong macroeconomic stability and improved economic conditions, the Government Statistician, Dr Alhasan Iddrisu, has said. The January inflation rate…...
Kenya's Economy to Grow 4.9-5.2pc in 2026, Kepsa
2+ week, 6+ day ago (286+ words) Nairobi " Kenya's economy is showing signs of stabilisation in 2026, with GDP projected to grow between 4.9 and 5.2 per cent, but experts warn that external shocks and global uncertainties could temper the recovery. The 2026 Economic Outlook Forum, hosted by the Kenya Private…...
South Africa: Where Has All Our Money Gone? a Look At Government's Wasted Billions
3+ week, 2+ day ago (375+ words) Officials implicated in irregular or fruitless expenditure are seldom held to account, Maluleke said in the 2023/24 Public Finance Management Act report, which covered the country's sixth administration and President Cyril Ramaphosa's first term in office. The 2024/25 report will be released…...
South Africa: Reserve Bank Keeps Repo Rate At 6.75 Percent
3+ week, 2+ day ago (480+ words) The South African Reserve Bank's Monetary Policy Committee has kept the repo rate unchanged at 6.75%. This was announced by Reserve Bank Governor, Lesetja Kganyago on Thursday. The prime lending rate will also stay steady at 10.25%. "Two members [of the MPC]…...