News : Business

South Africa: President Jacob Zuma Hosts Report Back Session for Stakeholders On Implementation of Operation Phakisa Oceans Economy Programme

[Govt of SA] President Jacob Zuma will today, 6 October 2017, host a report back session for stakeholders on the implementation of the innovative delivery programme, Operation Phakisa Oceans Economy programme in Durban. (

Zimbabwe Seeks SA Support On Cyber-Economic Sabotage Fight

[The Herald] Zimbabwe wants to work with South Africa to fight elements using the cyber space to sabotage the economy, President Mugabe has said. President Mugabe, who returned home yesterday, made the remarks at the high level Zimbabwe South Africa Bi-National Commission (BNC) held at the Sefako Makgatho Presidential Guest House in Pretoria on Tuesday. (

Yoco launches free point of sale solution for SMEs

As the drivers of South Africa’s economy, SMEs should have unencumbered access to business tools that help to fuel their growth. The business tools they need, however, generally come at a high cost and are primarily designed for larger businesses. To help SME's Yoco has launched a free Point of Sale (POS) solution. The solution [&hellip (

Zimbabwe: One Vast Informal Business

[Africa In Fact] Zimbabwe's economy has seen a drastic collapse since 2000. Once a fairly highly industrialised country, Zimbabwe is now a vast informal economy after the collapse of its once-thriving manufacturing and agricultural sectors. (

Namibia: Youth Launch Continental 'Economy'

[Namibian], a website that represents a brand new youth economy in Africa, driven by young entrepreneurs and their customers, was launched in Windhoek on Wednesday. (

South Africa: SA Welcomes German Companies' Continued Investment

[] South Africa has welcomed the vote of confidence shown by Germany's continued investment in the South African economy. (

South Africa: Youth Must Unleash Creativity to Revive SA Economy

[] For the South African economy to thrive, young people must be given opportunities to explore their talents and unleash their creative potential, says Minister in the Presidency Jeff Radebe. (

Industrialisation Needs Under Focus ? Experts Are Discussing the Issue At an Intergovernmental Meeting Holding in Douala.

[Cameroon Tribune] The Intergovernmental Committee of Experts of the UN Economic Commission for Africa is currently meeting in its 33rd session at Sawa Hotel in Douala, with special focus on the structural transformation of the economy of central African countries. The meeting on the theme: "Made in Central Africa: From a vicious circle to a virtuous circle," is aimed at reviewing regulatory issues pertaining to the mandate and functioning of the sub-regional office for central Africa of the United Nations Economic Commissio (

South Africa: Science and Technology Releases Latest Indicators On Science, Technology and Innovation Report, 28 Sept

[Govt of SA] South Africa's state of innovation and how it impacts the economy will come under the spotlight in Pretoria, on Thursday, 28 September, at the release of the latest indicators on science, technology and innovation. (

South Africa: Tourism Contributes Greatly to Economy

[] Tourism Minister Tokozile Xasa on Tuesday said the South African tourism sector had contributed greatly toward moving the country out of a recession. (

Zimbabwe: Afreximbank Bails Out Zimbabwe With $1 Billion

[The Herald] AFRICA'S trade finance bank, the African Export and Import Bank (Afreximbank), has made commitment to bailout Zimbabwe with about $1 billion to stabilise the economy. (

South Africa: Finance Minister Responds to KPMG Developments

[Govt of SA] The Minister of Finance would like to express deep concern about audit matters currently surrounding KPMG. These developments have created a bad image and have undermined the reputation of good governance and audit independence in one of the key sectors and institutions in our economy. These developments further threaten to undermine our efforts in reinforcing confidence and enhancing a climate for investments, both domestic and international. (

Africa: UN Chief Hails Transformative Power of Women's Economic Empowerment

[UN News] Extoling the benefits of women's economic empowerment, both for economies as well as societies as a whole, United Nations Secretary-General António Guterres today encouraged governments, the private sector, multilateral institutions and others to take measures to achieve the full and equal participation of women in the economy. (

South Africa: SACP-Cosatu Bilateral Statement

[COSATU] The South African Communist Party (SACP) and Congress of South African Trade Unions (COSATU) held a bilateral session today, 18 September 2017. The strategic meeting was attended by the national officials and office bearers of the two working class organisations. The meeting discussed a wide range of issues, including the state of the economy and our alliance. South Africa has just come out of a technical recession, but thousands of workers in various sectors are facing retrenchment as capitalist bosses in (

South Africa: Coega Economic Zone Exceeds Mid-Year Targets

[CAJ News] Johannesburg -The Coega Development Corporation (CDC) is anticipating new investors to contribute R343, 4 million (US$26 million) into the Eastern Cape economy. (

Nigeria: Is It Time to Declare President Muhammadu Buhari a Failure?

[This is Africa] Nigeria's President Muhammadu Buhari was voted into power promising change and Nigerians were hopeful. The country wanted corruption eradicated, poverty reduced and lives improved, but the hope is fading. Currently, the Nigerian Army is accused of extra-judicial killings in south-eastern region, where members of the Indigenous People of Biafra (IPOB) mostly reside. Poverty is rife and economy is struggling. Is it time to declare Buhari a failure? (

Congo-Kinshasa: Protecting Livelihoods is Key to Mining the DRC's Riches

[ISS] The Democratic Republic of the Congo (DRC) has the potential to become Africa's richest economy, going by the quantities of its natural resources. At the centre of the riches are over 80 million hectares of arable land and over 1 100 types of minerals and precious metals. (

South Africa: Agriculture and Finance Help Lift SA Out of Recession

[Statistics South Africa] After two consecutive quarters of decline, the South African economy spluttered back to life in the second quarter of 2017. Positive contributions to higher economic activity across most industries -- in particular agriculture, finance and mining -- lifted the gross domestic product (GDP) by 2,5% quarter-on-quarter (seasonally adjusted and annualised). (

South Africa: Post-Apartheid Education, Economy - Is SA a Country in Crisis?

[News24Wire] The transformation of the economy, as well as education and training, are among post-apartheid South Africa's biggest failures, former deputy finance minister Mcebisi Jonas said on Thursday. (

Africa: China's Belt and Road Initiative to Help Tunisian Economy Revive From Slowdown: Former Envoy

[Focac] Tunis -China's Belt and Road Initiative will help Tunisian economy to revive after six years of slowdown, former Tunisian Ambassador to China Mohamed Sahbi Basly told Xinhua in a recent interview. (

South Africa: PMI Drops As Private Sector Stagnates in Weak Economy

[News24Wire] South Africa's private sector is languishing in current weak economic conditions, according to the Standard Bank Purchasing Managers' Index (PMI), released on Tuesday. (

South Africa: Structural Features Diminish Effective Competition - Minister

[News24Wire] Given the "potent mix" of South Africa's challenges with economic concentration and social exclusion, it is time to come up with practical approaches to address high levels of concentration in the economy, according to Minister of Economic Development Ebrahim Patel. (

South Africa: Economy Hasn't Performed Under Former Cabinet Ministers - Zuma

[News24Wire] The South African economy has not functioned properly under the former ministers who got sacked during the Cabinet reshuffle at the end of March this year, President Jacob Zuma said on Thursday. (

South Africa: Waste Project Expected to Create Jobs

[] The Waste Recyclers Project, which will be launched on Sunday in Ekurhuleni, is expected to create jobs, establish new enterprises and stimulate the local green economy. (

South Africa: Integrate Informal Waste Pickers Into the Mainstream Economy

[Daily Maverick] The waste sector has the potential to contribute meaningfully towards GDP and economic growth and we are exploring new, innovative ways of building its capacity and creating opportunities for new entrants. (

Corruption Cases Cast a Pall Over Angola's Coming Vote

Angolans go to the polls on Wednesday to pick their first new president in decades, but money-laundering and bribery cases in Portugal are raising questions about the ability of Africa’s No. 2 oil producer to tackle corruption and right its economy. (

Watch Louise Linton’s First Marie Antoinette Moment From 2007 ‘CSI: NY’ Episode (Video) (

Corruption Cases Cast a Pall Over Angola's Coming Vote

Angolans go to the polls on Wednesday to pick their first new president in decades, but money-laundering and bribery cases in Portugal are raising questions about the ability of Africa’s No. 2 oil producer to tackle corruption and right its economy. (

Ghana: Economy Among Africa's Best

[Business Day] Ghana is the eighteenth-most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index (AII) compiled by Quantum Global's independent research arm, Quantum Global Research Lab. In 2016, Ghana attracted a net foreign direct investment of US$3.5bn. (

South Africa: Can the ANC Turn South Africa's Economy Around?

[ISS] South Africa in 2017 is an infinitely better place than it was in 1990, when negotiations for the country's future started between the National Party, the African National Congress (ANC) and others. The past decade, however, has been wasted. Things have not been getting better fast enough to allow South Africa to move ahead in terms of key development indicators, such as levels of extreme poverty, employment rates and reductions in inequality. (

Africa: African Airlines Fly High With Cargo On the Back of a Strong Economy

[East African] African airlines have registered the fastest growth in freight volumes in seven years in the first half of this year, bouyed by strong trade lines between the continent and Asia. (