SA GDP contracts the most in a century

SA GDP contracts the most in a century

Economic experts explain what lead to the country's worst Gross Domestic Product (GDP) contraction in a century, last year.Last year, dominated by global lockdowns and a Covid-19 pandemic, will enter the history books for many reasons. One of the most sobering for South Africans is the severe contra

  Melani Nathan
Angry SAs speak: Step aside, Magashule. Your time is over.

Angry SAs speak: Step aside, Magashule. Your time is over.

The wheels of justice are turning too slowly for South Africans who feel that it's high time Magashule and his cohorts were brought to book.During a recent appearance at a magistrate’s court in Bloemfontein, ANC Secretary-General Ace Magashule and 15 co-accused defendants were charged with a total o

  Claire Badenhorst
Disillusioned SAs speak: Perhaps Ramaphosa must fall?

Disillusioned SAs speak: Perhaps Ramaphosa must fall?

PPE corruption, a butchered economy, and a shoddy vaccine rollout strategy has SAs asking: can Ramaphosa lead us out of this mess?It must be said; the past year has been abominable. The globe has been hit by one of the worst contagions in history and the virus has done a commendable job of exposing

  Claire Badenhorst
How many SAs have had Covid-19? And why does no one know?

How many SAs have had Covid-19? And why does no one know?

While the latest Covid-19 statistics will tell you that just over 1.4 million South Africans have tested positive, the real number is far higher. In September last year – when the official number was closer to 650,000 – BizNews spoke to Ryan Noach. The Discovery Health CEO and his team of experts es

  Jarryd Neves
Angry SAs speak: Quit the vaccine blame game, Mr President

Angry SAs speak: Quit the vaccine blame game, Mr President

Ramaphosa urged rich nations to share their excess vaccine doses with poorer countries. BizNews readers say the ANC only has itself to blame.At the virtual World Economic Forum, which opened on 25 January and will end on the 29th, a stern-looking President Cyril Ramaphosa gave a special address rega

  Claire Badenhorst
Cyril Ramaphosa condemns wealthy vaccine hoarding nations

Cyril Ramaphosa condemns wealthy vaccine hoarding nations

Ramaphosa has condemned 'vaccine nationalism' amongst wealthier nations who have hoarded doses, leaving poorer nations without options.South Africa’s president Cyril Ramaphosa gave a short address at the virtual World Economic Forum which opened on the 25th and will end on the 29th of January. The t

  Melani Nathan
Cyril defends Covid-19 vaccine procurement process, calling it prudent

Cyril defends Covid-19 vaccine procurement process, calling it prudent

South African experts were the first to raise the alarm when they noted that the country’s leadership was silent on the subject of Covid-19 vaccinations. As the rest of the world kicked their Covid-19 combat plans into action, calls for transparency about the country’s strategy fell on deaf ears. Th

  Melani Nathan
Zimbabwe struggles to pay for power imports, waives Zim Dollar rule

Zimbabwe struggles to pay for power imports, waives Zim Dollar rule

Zimbabwe's power utility has asked customers to pay bills in foreign currencies as it struggles to fund increased imports during drought.A few weeks ago Zimbabwe secretary of finance George Guvamatanga said the country won’t repeat the mistake of abandoning its own currency. He was adamant that the

  Melani Nathan
Covid-19: eSwatini Prime Minister Ambrose Mandvulo Dlamini loses battle

Covid-19: eSwatini Prime Minister Ambrose Mandvulo Dlamini loses battle

Making international headlines: eSwatini PM Ambrose Mandvulo Dlamini has become the first world leader to die after testing positive for coronavirus.As the year comes to a close, many are complaining of ‘pandemic fatigue’. Thousands of South African teenagers have returned from large gatherings in s

  Melani Nathan
Zimbabwe’s high hopes for Cannabis crops

Zimbabwe’s high hopes for Cannabis crops

Zimbabwe has legalised the cultivation of Cannabis for medicinal use and export.Around the world, 22 countries have legalised Cannabis for medicinal use. The latest country to legalise the growing of the crop is Zimbabwe. Treasury spokesman Clive Mphambela says that the country expects Cannabis cro

  Melani Nathan
Zimbabwe currency mistake won’t be repeated, says govt

Zimbabwe currency mistake won’t be repeated, says govt

Zimbabwean secretary for finance George Guvamatanga says abandoning the Zimbabwean currency was one of its biggest mistakes, won't be repeated.Zimbabwe secretary for finance George Guvamatanga says the country won’t repeat the mistake of abandoning its own currency. A decade ago skyrocketing inflati

  Melani Nathan
Zimbabwe’s Beitbridge border post gets investment boost from Harith

Zimbabwe’s Beitbridge border post gets investment boost from Harith

Harith General Partners is a Pan-African fund manager for infrastructure development across the continent. Harith manages Africa’s only 15-year infrastructure fund, the Pan-African Infrastructure Development Fund. The funds are invested in a number of major projects in diversified sectors such as en

  Melani Nathan
Edward Zuma calls on Zondo to recuse himself from state capture commission

Edward Zuma calls on Zondo to recuse himself from state capture commission

Edward Zuma, who seldom shies away from tackling his father's critics, harsh words for the head of the state capture commission.Popular for voicing his controversial opinions and attacking his father’s critics, former president Jacob Zuma’s son Edward has come out guns blazing on the ongoing state c

  Bernice Maune
Zimbabwe annual inflation rate skyrockets to 790%, political tension grows

Zimbabwe annual inflation rate skyrockets to 790%, political tension grows

Zimbabwe’s inflation rate, which has come in at just under 790%, reflects the collapse of the country under President Emmerson Mnangagwa, who replaced Robert Mugabe in 2017. Corruption is widespread and conspicuous and Mnangagwa’s team has failed to come up with any smart ideas to fix the economy. A

  Editor
SA spaza shops: A front for moneylaundering, modern day slavery

SA spaza shops: A front for moneylaundering, modern day slavery

Drive past a spaza shop in a South African township and the signage, merchandise and general informality give the impression that these are small businesses helping the poor survive from day to day. But there’s a nasty side to spaza shops, with a secretive industry developing behind shop frontages:

  Jackie Cameron
Lessons for SA as Zimbabwe’s maize looted from the hungry – Cathy Buckle

Lessons for SA as Zimbabwe’s maize looted from the hungry – Cathy Buckle

Cathy Buckle says food aid supposed to feed the hungry is diverted to the black market by corrupt officials and sold in Zimbabwe’s neighbours.Zimbabwe had one of the worst rainy seasons from October to December last year, which severely impacted crop prospects. Global Agricultural Monitoring reports

  Linda van Tilburg