Economy

Kenya to cut spending in revised budget

Kenya's government plans to cut 2024-25 spending by 1.9% and widen the fiscal deficit to 3.6% of Gross Domestic Product (GDP) in a revised budget, the Treasury said, weeks after it was forced to roll back tax hikes due to mass protests.

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IMF slashes Botswana's 2024 growth forecast amid diamond market woes

The International Monetary Fund (IMF) has slashed Botswana’s 2024 growth forecast to 1% from an earlier April estimate of 3.6% due mainly to lower diamond production, it said in a statement.

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Unilever to cut a third of office jobs in Europe

Unilever opens new tab plans to cut a third of all office roles in Europe by the end of 2025 as a part of a push by the Chief Executive Officer (CEO) to revive growth at the struggling consumer goods giant.

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Cold weather sees SA province farmers losing crops

Some farmers in South Africa’s(SA) Limpopo province have suffered severe financial losses caused by the black frost following low temperatures this week.

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SA Treasury to table budget vote

South Africa’s National Treasury has issued a statement that the Minister of Finance, Enoch Godongwana, will table the National Treasury’s Budget Vote in Parliament this week.

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Africa suffers the most from climate change effects: AfDB

The African Development Bank (AfDB) says Africa only contributes three percent of global emissions but suffers the most from climate change effects.

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SA consumers urged to be more health-conscious

The Healthy Living Alliance (HEALA) is calling on South African consumers to become more health-conscious in their everyday lives, as big food producers are under scrutiny for potentially misleading consumers about the healthiness of their products.

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Rand extends climb on soft US inflation data

The South African (SA) Rand extended its gains in early trade this Friday, as a surprisingly soft United States (US) inflation data spurred bets the Federal Reserve will cut interest rates in September.

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Mozambique Minister praises commercial relations with Botswana

Mozambique Minister of Mineral Resources and Energy Carlos Zacarias praised commercial relations between Mozambique and Botswana.

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SA bank releases alarming stats on retirement planning

Fifty percent of South Africans(SA) do not have the means to provide for their retirement.

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