Browsing: South African Reserve Bank (SARB)

Experts warn South Africa’s growth is too low to create enough jobs to absorb new workers entering the labor market.…

South African Reserve Bank administers “bitter medicine”, raises key rate to 8.25 percent to tackle inflation. Trading Economics states South…

South African Reserve Bank (SARB) announced a 25 basis points hike, taking the repurchase rate (repo rate) to 7.25 per…

Over the past decade, African countries have accumulated external debt at a faster pace. The countries have capitalized on abundant, low-cost international credit for fiscal and balance-of-payments funding to help drive development plans.

Africa’s total external debt, accrued by both the private and public sectors, owed to foreign lenders, has surpassed $1 trillion. The related annual debt servicing costs broke through the $100 billion threshold for the first time in 2021.

Namibia has made progress on structural changes to foster economic diversification and boost productivity. Improving the business environment, promoting access to capital, improving governance, and decreasing skills mismatches are crucial for stimulating growth and achieving long-term debt sustainability.

The International Monetary Fund (IMF) executive board approved $4.3 billion requests for emergency financial from South Africa to address the…