Helping hands Despite the series of market reforms and increased growth in sub-Saharan Africa, some countries remain heavily dependent on foreign aid to balance official budgets. Malawi, for instance, is already struggling… Read more
In the red South Africans have racked up quite a bit of debt over the years – ZAR1.63 trillion to be precise. This amount equates to US$118 billion, which is larger than the… Read more
Big buy-in While formal retail supermarket chains are increasingly popping up in more countries, a massive 80% of African consumers continue to shop at informal street markets. Research by US group Nielsen,… Read more
Cash stash South African citizens hold nearly ZAR30 billion of the country’s wealth in HSBC Swiss bank accounts. Representing 0.57% of GDP, this is supposedly linked to South African CEOs of top… Read more
Sunny side up As of next year, Zimbabweans will no longer be allowed to install electric water heaters in newly developed properties. In a bid to fully switch to solar-powered systems, the state-owned Zimbabwe… Read more
