insert_link 2 Africa Zimbabwe urges swift adoption of new but ‘scarce’ currency Zimbabwe's Finance Minister Mthuli Ncube has ordered all government agencies to accept payments in the newly introduced gold-backed currency amid reports of acute shortage. Ncube in a statement said the Zimbabwe Gold, introduced last month, was now the official unit of exchange for transactions in the country. He the BBC that the government would soon introduce regulations to ensure businesses stick to the official rate. todayMay 9, 2024 8 2
insert_link Business / Economics Economist weighs in on Bank of Namibia’s policy alignment Following calls for increased inclusivity in the Monetary Policy Committee of the South African Reserve Bank, we reached out to Cirrus Capital Economist, Robert McGregor for his take. todayFebruary 1, 2024 24
insert_link Business / Economics South Africa’s two-pot retirement system faces early implementation amid industry concerns South Africa’s Parliamentary Standing Committee on Finance has recommended that the so-called two-pot retirement system should be implemented on 1 March 2024, instead of March 2025. According to MoneyWeb, SA’s retirement industry has been caught off guard by the decision with financial service providers expressing concern about system readiness, and arguing that both the South African Revenue Service and the retirement industry need until 2025 to adapt to proposed changes […] todayNovember 22, 2023 6
