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Zimbabwe economic pressures will linger

Location:

ZIMBABWE

Since its introduction in February, the local real-time gross settlement (RTGS) dollar, a de facto new local currency, has lost over 60% of its value relative to the US dollar on…

Ramaphosa’s union struggles could determine rebound

Location:

SOUTH AFRICA

This followed two days after Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement (MTBPS), which offered an honest assessment of the steep deterioration in the…

Zimbabwe economic crisis may escalate further

Location:

ZIMBABWE

Since the abandonment of the multi-currency regime in June, the new Zimbabwe dollar has lost almost 60% of its value relative to the US dollar. The parallel market for foreign…

Prospects for Nigeria to end-2020

Location:

PROSPECTS H2 2020

This has increased pressure on President Muhammadu Buhari’s government to fast-track reforms amid worsening unemployment and inequality. Meanwhile, ongoing security crises…

South African economy faces severe recession in 2020

Location:

SOUTH AFRICA

The announcement will put further pressure on South Africa’s already stressed financial markets. The rand and bond prices fell sharply yesterday, raising questions about whether…

Angola mounting debt burden raises future default risk

Location:

ANGOLA

The IMF's willingness to turn a blind eye may enable Angola to retain access to concessional finance over the next 18 months; however, Luanda needs a plan to address deferred…

Angolan reform efforts face structural constraints

Location:

ANGOLA

Angolan economic reforms.

Zambia faces default despite bondholders’ reprieve

Location:

ZAMBIA

However, rather than reject Lusaka's proposal, a group of creditors abstained from the vote, forcing an adjournment until November 13. That date coincides with the end of Zambia’s…