S.A’s EFF rejects Medium-Term Budget Policy Statement

S.A’s EFF rejects Medium-Term Budget Policy Statement

The Economic Freedom Fightersin South Africa have rejected the Medium-Term Budget Policy Statement, claiming the government favors private sector profits over job creation and economic growth. Finance Minister Enoch Godongwana defended the budget in Parliament, emphasizing a commitment to sustainable public finances. EFF leader Julius Malema criticized the statement for overlooking the rising unemployment crisis. RISE Mzansi leader Songezo Zibi has called for financial reform to address national debt […]

October 31, 2024 12

Namibia

President Nangolo Mbumba calls for action at Summit of the Future

President Nangolo Mbumba, speaking at the Summit of the Future, said it represents a timely and pressing call to choose a path toward peace, prosperity, and sustainable development. In his opening address at the summit, which Namibia is co-facilitating with Germany, President Mbumba urged UN member states to pool their resources and tackle global crises directly. Meanwhile, African countries are struggling with crippling debt burdens, spending more on […]

September 24, 2024 44

Africa

Zimbabwe’s banks caught off guard by new gold-backed currency

The Zimbabwe Gold officially started trading just days after it was announced it would replace the Zimbabwean dollar, which has tumbled in value over the past year, pushing inflation through the roof. But many in the country were not ready for the switch. Eddie Cross an economist from Zimbabwe says even the banks haven’t been fully able to translate their accounting systems.

April 10, 2024 40