Transnet seeks government debt relief to overcome a $7.3 billion crisis and restore critical freight and port services.
economic recovery
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The International Monetary Fund (IMF) and the Democratic Republic of Congo (DRC) have reached a crucial agreement on the final review of a significant loan deal, marking a pivotal moment …
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The South African rand rallied today following the release of stronger-than-expected Purchasing Managers’ Index (PMI) data, signaling a positive outlook for the nation’s economy. The currency’s gains were fueled by …
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Ghana is accelerating efforts to restructure its ballooning external debt, a crucial step in the nation’s economic recovery program. Finance Minister Mohammed Amin Adam announced this development at a press …
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Zambia reaches a crucial agreement to restructure $3 billion in international bonds, marking a significant milestone towards the country’s long-awaited financial recovery.
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South Africa’s finance minister, Enoch Godongwana, has warned that the country’s budget deficit will be larger than expected due to lower tax revenues and higher spending pressures. In his medium-term …
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Sub-Saharan African countries are facing a debt crisis that could jeopardize their public services, such as health and education, and hamper their economic recovery. The International Monetary Fund (IMF) has …