insert_link South Africa In S.A, ANC calls for a constructive, informed, and sober debate on the budget In S.A, the ANC Veterans' League is calling for a constructive, informed, and sober debate on the budget. ANC Veterans' League president, Snuki Zikalala, says the government should avoid drastic expenditure slashing and must also be mindful of the sentiment of citizens, who struggle with high unemployment and the ongoing high cost of living. Meanwhile, the DA says it refuses to be held hostage or intimidated by the ANC’s blatant […] today3 March, 2025
insert_link Business / Economics Inflation Drops to 3.2% Despite Monthly Increase The local annual inflation rate eased to 3.2% in January, continuing its downward trend due to lower costs in key sectors. However, the month-on-month inflation rate saw an uptick, rising to 1.1% from 0.2% in December. Capricorn Asset Management’s Floris Bergh weighs in: today18 February, 2025
insert_link Business / Economics Inflation Falls, But Monthly Rate Rises Inflation eased locally to 3.2% in January, reflecting a steady decline from previous months due to lower costs in key sectors. Despite the annual slowdown, the month-on-month rate climbed to 1.1% from 0.2% in December. Transport, housing, and food remain the biggest inflation drivers. Simonis Storm economist Almandro Jansen: today13 February, 2025
insert_link Africa Ghana’s Economic Crisis Dominates Election Campaign Public frustration over Ghana's economic struggles, including soaring prices and high unemployment, has overshadowed the lead-up to Saturday's general election. CNBCAfrica reports that support for outgoing President Nana Akufo-Addo and his New Patriotic Party has waned, as the country faces its worst economic crisis in decades. Protests over the cost of living and turmoil in key industries, such as cocoa and gold, have further fueled discontent. today5 December, 2024
insert_link Africa Nigeria’s Food Crisis Expected to Worsen Amid Economic Hardship Nigeria is projected to see a severe hunger crisis next year, with over 30 million people facing food insecurity—a 33% increase from this year—due to economic challenges, according to a government and UN report as seen by CNBCAfrica. Economic hardship has intensified following austerity reforms by President Bola Tinubu, including currency devaluation and the removal of a longstanding petrol subsidy, contributing to rising inflation and a cost-of-living crisis. today4 November, 2024
insert_link Business / Economics SA’s inflation drops to 3.8-percent South Africa's inflation rate fell to 3.8 percent last month, down from 4.4 percent in August, marking the lowest rate since early 2021 mainly due to lower transport costs as fuel prices dropped by nine percent from last year. Statistics South Africa’s Patrick Kelly. today23 October, 2024
insert_link Africa Nigeria police fire tear gas on hardship protests By Laurie Churchman Nigerian police fired tear gas on Thursday to break up several hundred protesters in the northern city of Kano and in the capital Abuja where demonstrators had joined in nationwide rallies against the high cost of living. Africa's most populous country is struggling with soaring inflation and a sharply devalued naira after President Bola Ahmed Tinubu ended a costly fuel subsidy and liberalised the […] today1 August, 2024
insert_link Business / Economics FNB Namibia expects inflation to tick up slightly in June FNB Namibia expects headline inflation to rise by 0.1 to 5.0 percent year-on-year in June. The bank further anticipates a slight decrease in inflation on a month-on-month basis of 0.1 percentage points to 0.2% in June 2024, primarily influenced by a 0.7% reduction in transport costs compared to the previous month. FNB Namibia economist Helena Mboti. Mboti says the alcoholic beverages and tobacco category will significantly contribute to inflation, […] today2 July, 2024
insert_link Africa Kenya youth protesters gear up for nationwide strike By Rose TROUP BUCHANAN Kenya braced for a national strike Tuesday following a call by youth protesters for a sweeping shutdown, as opposition to the government's proposed tax hikes gathers momentum. The mainly Gen-Z-led demonstrations have taken President William Ruto's government by surprise, with the Kenyan leader saying over the weekend that he was ready to speak to the protesters. Discontent over the already […] today25 June, 2024
