- Current Affairs
Updated: 8 hours 16 min ago
The IMF has slashed its growth forecast for the Nigerian economy this year, saying a combination of plunging oil revenues and weakened investor confidence will push it into recession.
Experts at the PowerGen and DistribuTech Africa 2016 conference, make their case for, and against, nuclear energy.
There will be no load shedding for the remainder of winter and possibly until March 2017, says Eskom chief executive Brian Molefe.
The IMF has downgraded the 2016 economic growth rates in sub-Saharan Africa by 1.4 percentage points to 1.6%, according to a report.
The International Monetary Fund has slashed its UK outlook after the Brexit vote and forecast the economy will grow at its weakest pace since 2012 next year.
Eskom expects a significant increase in export sales in the near future, according to its chief financial officer.
Economic growth in SA is too slow to improve living standards in a country where a third of the population is excluded from the economy, says the International Monetary Fund.
Eskom says it will respond to demands tabled by union Numsa - among them a R5 000 housing allowance and a salary hike of at least 20% - within a week.
The European Central Bank says lending conditions in the eurozone have improved, signalling the economy was picking up until the UK cast a cloud over recovery.
SA’s overseas acquisitions accounted for 82% of sub-Saharan African outbound mergers and acquisitions activity in the first half of 2016, says Thomson Reuters.
The SA Reserve Bank is expected to hold the repo rate unchanged this time, in the view of Nedbank's Corporate and Investment Banking unit.
Science and astro tourism will soon be the 21st century economic driver in South Africa, says Economic Development Minister Ebrahim Patel.
UK Prime Minister Theresa May will visit German Chancellor Angela Merkel as she makes the case for Britain remaining a powerful player in the world after a Brexit vote.
With economic growth predicted at its lowest levels since 2009, various industries in SA are showing strain with turnover declining by 5.1% in the first quarter of 2016.
The R250m fraudster Johan van Staden stole from Sars could have funded 2 100 primary school teachers and fed 714 000 children for a month, a court has heard.
If Eskom does not meet demands set by Numsa workers, the union may go ahead with a strike, says an electricity sector coordinator for Numsa.
Nigerian inflation has accelerated to the highest rate in almost 11 years in June, as the economy is at risk of contracting this year.
Numsa members at Eskom plan to picket outside the power utility's head office to demand a 'substantial' wage hike as well as a housing allowance increase.
If Africa’s tech-savvy youth are given their basic needs it will enable them to change the future, says Microsoft founder and billionaire philanthropist Bill Gates.
It is too soon to tell how Brexit may impact immigration trends, but a slowdown in the economy could trigger an exodus from the country.