Olivia Kumwenda-Mtambo
Recent Stories By Olivia Kumwenda-Mtambo:
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South Africa's Zuma calls for action after S&P downgrade, rand up on Moody's reprieveNovember 27, 2017
JOHANNESBURG (Reuters) - South African President Jacob Zuma called for concrete measures to boost growth after S&P Global Ratings downgraded the local currency debt to sub-investment grade, while...
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S&P lowers South Africa's credit rating by one notchNovember 24, 2017
S&P lowered its long-term foreign currency sovereign credit rating on South Africa by one notch and affirmed short-term foreign currency sovereign credit rating at 'B'. "South Africa's economy...
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Coup? What coup? Zimbabwe's Herald misses army move on MugabeNovember 15, 2017
When Wednesday's edition of The Herald, Zimbabwe's main state newspaper, hit the streets, Zimbabweans were surprised to learn that talk of ructions between President Robert Mugabe's ruling ZANU-PF...
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South Africa's Standard Bank reviews ties with SAP, McKinseyOctober 6, 2017
JOHANNESBURG (Reuters) - South African lender Standard Bank is reviewing its ties with IT software supplier SAP and consultants McKinsey, due to the risk of fallout by association from an influence...
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After 159 years, 'Harrods of South Africa' shuts up shopJuly 27, 2017
JOHANNESBURG (Reuters) - Department store Stuttafords, the 159-year-old "Harrods of South Africa", is closing down, victim of a global shift to online retail and a domestic economic slump that has...
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South Africa considers privatization to counter recessionJuly 13, 2017
JOHANNESBURG (Reuters) - South Africa's finance minister laid out an ambitious 14-point program on Thursday to wrench the economy out of recession that included the sale of non-core assets and...
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IMF raises South Africa's growth forecast for 2017 to 1 percentMay 18, 2017
JOHANNESBURG (Reuters) - The International Monetary Fund has raised South Africa's growth forecast for this year after recoveries in the agriculture and mining sectors, but perceptions of policy...
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South Africa's Gigaba tones down "radical" talk amid investor unease May 11, 2017
JOHANNESBURG (Reuters) - South Africa's finance minister has sought to allay investor fears over his pledge of "radical economic transformation", toning down the rhetoric just over a month into the...
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South Africa can avert further downgrades: central bank governorMay 4, 2017
DURBAN, South Africa (Reuters) - South Africa is capable of quickly addressing concerns raised by credit ratings agencies to avoid further downgrades, central bank governor Lesetja Kganyago said on...
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IMF sees sub-Saharan Africa growth near two-decade low in 2016May 3, 2016
JOHANNESBURG (Reuters) - Economic growth in sub-Saharan Africa is likely to slow this year to its weakest in nearly two decades, hurt by a slump in commodity prices, drought and the after-effects of...
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Anti-apartheid activist jailed with Mandela urges Zuma to resignApril 2, 2016
JOHANNESBURG (Reuters) - An anti-apartheid activist jailed alongside Nelson Mandela called on Jacob Zuma to step down, adding pressure on South Africa's president to quit after a court ruled he acted...
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South Africa's debt already priced for junk as growth slowsMarch 11, 2016
JOHANNESBURG (Reuters) - An expected cut in South Africa's credit ratings to "junk" grade is already being priced in by investors who are increasingly shunning the country's financial assets.Africa's...