insert_link South Africa GOOD Party Calls for Basic Income Grant as South Africa’s Unemployment Rate Remains High In S.A, the GOOD Party says that although any improvement in South Africa’s unemployment rate should be celebrated, the reality is that the number remains stubbornly high. The unemployment rate decreased marginally by 1.4 percentage points to 32.1-percent in the third quarter of this year. Eight million citizens are still unemployed. GOOD’s secretary general, Brett Herron, says the government has no choice but to implement a Basic Income Grant: todayNovember 13, 2024 12
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. todayNovember 4, 2024 6
insert_link Business / Economics Economist Embraces Tax Amnesty Announcement During the presentation of the mid-term budget, Finance minister,Iipumbu Shiimi, announced the extension of the tax amnesty programme until October 31, 2026. It was originally set to expire today. Economist Gabriel Erastus provided his insights on the announcement. todayOctober 31, 2024 21
insert_link South Africa Ramaphosa Says ANC Focused on Serving South Africans ANC president Cyril Ramaphosa says the party's main focus will be improving groundwork to ensure that it returns to its main mission, which is to serve the people of South Africa. He delivered the closing remarks of the special sitting of the ANC National Executive Committee meeting held at the Birchwood Conference Centre in Gauteng. Ramaphosa says the NEC is determined to build branches that are political and not transactional […] todayOctober 28, 2024 9
insert_link World France to legalise online casinos France says it wants to legalise online casinos. The news came in the form of an amendment to the budget which is being debated by MPs. By legalising and regulating internet casinos the government says it can "limit the impact of online games on the health of consumers”. Ross Cullen reports. todayOctober 23, 2024 16
insert_link Namibia IPPR investigates election year budgets in quarterly economic review The Quarterly Economic Review by the Institute for Public Policy Research has investigated whether the government has engaged in overspending related to elections since independence. The review examines budgets during election years, including the 2024/2025 budget, which was introduced ahead of the national elections on 27 November 2024. IPPR Executive Director, Graham Hopwood. The report also includes the usual quarter summary, news highlights, key economic variables, and data trends. https://ippr.org.na/wp-content/uploads/2024/05/Namibia-QER-Q1-2024-1.pdf […] todayMay 14, 2024 36
insert_link Africa Nigeria revokes dormant mining licences, opens opportunity for investors Nigeria's government has revoked with immediate effect, 924 dormant licences across four sectors in the mining industry. It has also invited investors to freely apply for the affected licences which it says will be offered on a "first come, first served" basis. todayApril 25, 2024 25
insert_link South Africa South Africa’s electricity crisis: a series of failures over 30 years have left a dim legacy By Mark Swilling, Stellenbosch University In 1994, apartheid ended and the African National Congress (ANC) won South Africa’s first ever democratic elections, promising “Electricity for All” as part of its Reconstruction and Development Programme. Back then only 36% of all South Africans had electricity in their homes. The development programme promised to double that number by electrifying an additional 2.5 million homes by 2000. This seemed […] todayApril 19, 2024 19
insert_link Africa Nigeria’s fuel subsidy removal was too sudden: why a gradual approach would have been better By Stephen Onyeiwu, Allegheny College Nigeria removed fuel subsidies entirely in May 2023. This came as a surprise because of the political risks associated with subsidy removal. Previous administrations were reluctant to jettison the subsidies. The subsidies had been in place since the 1970s, when the government sold petrol to Nigerians at a price below cost – though most consumers weren’t aware of this. The 1977 […] todayMarch 20, 2024 12