Negotiations Continue Over South Africa’s Budget Adjustments
South Africa's budget may see further amendments as Finance Minister Enoch Godongwana works with political parties to address opposition to...
economics
South Africa Reduces Eskom’s Debt Relief Package and Shifts to Loans
South Africa reduces Eskom's debt relief package by R20-billion, transitioning to loans instead of debt assumption. National treasury cited Eskom's...
South Africa to Increase VAT to 16%: Key Implications and Measures
South Africa will increase its VAT by 0.5 percentage points over the next two years, reaching 16% by the 2026/27...
Syria’s Economic Challenges: Market Assessment Highlights Needs for Support and Recovery
The Norwegian Refugee Council's recent market assessment indicates that local markets in Syria are ill-equipped to absorb new workers, particularly...
China’s Lending Practices Drive Maldives Towards Economic Sovereignty Crisis
The Maldives is facing a grave debt crisis attributed to mounting external obligations mainly from China and India. The national...
Potential Adjustments to South Africa’s Budget Amid Political Opposition
South Africa's Finance Minister Enoch Godongwana suggests possible adjustments to the budget following political disagreements regarding a VAT hike. The...
Jamaica Sees Reduction in Fuel Prices Effective December 5, 2024
Starting December 5, 2024, gasoline prices in Jamaica will decrease by $3.06 for both 90-octane and 87-octane. Diesel prices will...
Parthian Capital Launches Funds to Strengthen Nigeria’s Investment Market
Parthian Capital has launched two investment funds: the Parthian Money Market Fund and the Parthian Dollar Fund. These funds are...
Kenya’s National Assembly Approves Sh405 Billion Budget for Counties in 2025/26
On March 12, 2023, the National Assembly approved Sh405 Billion for counties in the 2025/26 fiscal year, with additional allocations...
Brazil Advances Blockchain Payment System Proposal for BRICS
Brazil is proposing a blockchain payment system for BRICS to enhance trade and reduce transaction costs. The initiative, discussed at...
