Blogs

Don’t ignore Zimbabwe

An opinion piece that brings attention to the impact of Zimbabwe’s economic hardships on South Africa. With the economy of South Africa’s neighbour falling even further due to recent political events in the country, there could be potentially dire consequences for South Africa and its companies. Will the revenue earned from exports to Zimbabwe be placed at risk or will the tide turn? Read more at iAfrica.com or Africa.com

Manufacturing leads growth

Dear WOW User The South African economy pulled itself out of its second recession since 1994 in the third quarter of 2018 with a quarter on quarter GDP growth of 2.2% with contributions from the following sectors; Manufacturing – 7.5% Agriculture  – 6.5% Transport  – 5.7% Trade – 3.2% Finance – 2.3% State – 1.5% Personal Services – 0.7%   Of the 12 industries research by Who Owns Whom in December 2018 and January 2019 six where in the high performing manufacturing sector; The Confectionery Industry South Africa has a sweet tooth with the chocolate market valued at approximately R6.4bn and …

Egypt Snapshot

Egypt’s economy grew 5.3% in the fiscal year to June 2018 from 4.2% in 2017 as the country continued its recovery through painful years of reforms, largely prompted by conditions of a US$12bn International Monetary Fund (IMF) loan. The 2016 floating of the Egyptian pound saw it immediately devalue by 50%, while inflation soared and import prices became prohibitive. At the same time, the government introduced value-added tax and withdrew fuel and food subsidies. These tough measures have seen the economy stabilise. Finance minister Mohamed Maait said recently that the budget deficit fell below 10% for the first time since …

Democratic Republic of Congo Snapshot

The December 30 2018 election in the Democratic Republic of Congo (DRC), which was widely acknowledged to have been rigged, declared Felix Tshisekedi as the winner over Martin Fayulu, who got the most votes. It is understood that Tshisekedi’s election was the result of a deal made with former president Joseph Kabila, whose rule since 2001 was characterised by conflict, corruption, authoritarian rule and human rights abuses. The DRC remains the African country with possibly the greatest untapped potential – with great mineral wealth but an underdeveloped economy and an impoverished nation. The African Development Bank said real GDP growth …