Saturday, 28th November 2020


Articles related to economy

White farmers returning to once-seized land

Zimbabwe’s dispossessed white farmers are trickling back to their land, this time as tenants to Black farmers, officials from the country’s governing and opposition parties claimed Monday.

In an interview with Anadolu Agency, George Makombe, a top official of the ruling Zimbabwe African National Union Patriotic Front (ZANU-PF) party and liberation…

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SA’s economic transactions stays on the recovery track

Higher activity levels in South Africa’s economic transactions continued to reflect signs of a recovery with the country’s growth rate on track to reach record levels in Q3 2020 and achieve strong upturn in the following quarter, according to BankservAfrica’s newly released October 2020 data.

“The BankservAfrica Economic Transactions Index (BETI)…

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COVID-19 lockdown leads to credit growth slumps in Botswana

Bank credit growth in Botswana has slowed down amid the pandemic, dropping from 10.7 percent to 6.4 percent during the first lockdown imposed from the end of March to July, a local economic analyst firm said Tuesday.

The decrease was driven by a sharp contraction in credit extended to private business during this period, researchers Sethunya Sejoe…

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Zimbabwean government awards civil servants 40 percent pay hike

The Zimbabwean government on Tuesday announced a 40-percent salary raise for civil servants, effective from Nov. 1, 2020.

This came following weeks of a work stoppage by teachers who have been demanding better pay and improved conditions of service.

Addressing a post-cabinet media briefing on Tuesday, Information Minister Monica Mutsvangwa said the…

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South Africa Factory Sentiment jumps to record high on demand

An index measuring South African manufacturing sentiment rose to the highest level yet in October as the demand continued to recover from coronavirus lockdown measures. 

Absa Group Ltd.’s Purchasing Managers’ Index, compiled by the Bureau for Economic Research, increased to 60.9 from a revised 58.5 in September, the Johannesburg-based lender said…

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