Sub-Saharan African countries could increase tax revenue by usually 5% of gdp — much more than they receive in international aid – as long as they reform their tax policies, the International Monetary Fund (IMF) said. Key steps would be to strengthen value-added tax systems, streamline exemptions and expand coverage...
Sub-Saharan African nations suffering from increasing public-debt levels and non-performing loans must take action to handle rising vulnerability, the International Monetary Fund (IMF) said. About 40% of low-income countries in the neighborhood now are assessed as with debt distress or at heavy risk for this, the IMF said Tuesday. The...
Some African countries are overpaying for dollar bonds, raising worry about debt-service costs at any given time when currencies are weakening from the greenback, based on the African Development Bank. High mortgage rates produce the continent's bonds easily understood by investors despite questions the real extent with the debt tons...
The rand inched higher in the beginning Tuesday, as investors took profits over a recent dollar surge ahead of an american decision on if you should pull out of your Iran nuclear agreement. ?At 6:50 GMT, the rand was 0.2% firmer at 12.51 per dollar over a close of 12.52...
Here's what caught our attention on Tuesday: 1. Aspen's new manufacturing facility Pharmaceutical company Aspen Pharmacare opened a R1 billion facility in Port Elizabeth on Monday. In accordance with Moneyweb this facility forms part of Aspen's offers to open three plants to become a global specialist in niche pharmaceuticals. Aspen...
South?Africa‘s rand weakened resistant to the dollar noisy . trade on Monday when the greenback stayed near its 2018 peak after US jobs and wages data did little to temper perceptions of strength in america alone economy. At 06:45 GMT, the rand traded at 12.57 per dollar, 0.48% weaker than...
South?Africa‘s rand weakened as soon as possible Friday as being the dollar continued to position pressure on emerging currencies globally before closely watched US employment data. At 06:40 GMT the rand was 0.6% weaker at 12.66 per dollar when compared with a close of 12.58 overnight in Los angeles. The rand...
South?Africa‘s rand firmed almost 1% on Thursday, clawing back some ground after the US central bank’s decision and keep benchmark lending rates unchanged. At 06:50 GMT the rand was 0.65% firmer at 12.62 per dollar in comparison to Wednesday’s close of 12.70 overnight in The big apple. The US Federal Reserve’s...
South?Africa‘s seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose in April, swinging back up in positive terrain as new sales orders endure a decline inside the prior month, a survey showed on Wednesday. The index, and that is composed by the Bureau for Economic Research and gauges manufacturing activity in?Africa‘s...
South?Africa‘s rand strengthened from the dollar at the beginning of trade, as investors waited cautiously for any US Fed monthly interest decision after Wednesday. By 06:49 GMT, the rand was 0.45% stronger at 12.59 per dollar in comparison to a close of 12.65 on Tuesday in The big apple. The US...