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However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB244607
ISSN: 2633-304X
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However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…
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DOI: 10.1108/OXAN-DB257502
ISSN: 2633-304X
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Although the bank has acted on various fronts to support the economy, including a limited bond-buying programme, it continues to resist calls for full-blown quantitative easing…
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DOI: 10.1108/OXAN-DB254234
ISSN: 2633-304X
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Prospects for South Africa in 2020.
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DOI: 10.1108/OXAN-DB249037
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB246811
ISSN: 2633-304X
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This has increased pressure on President Muhammadu Buhari’s government to fast-track reforms amid worsening unemployment and inequality. Meanwhile, ongoing security crises…
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DOI: 10.1108/OXAN-DB253508
ISSN: 2633-304X
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Nigeria’s land borders have been closed since August 2019, officially to check indiscriminate smuggling of goods into the country. The closures have been blamed in part for rising…
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DOI: 10.1108/OXAN-DB258209
ISSN: 2633-304X
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TANZANIA: Predictability may be key to growth revival
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DOI: 10.1108/OXAN-ES227477
ISSN: 2633-304X
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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…