South Africa
Nigeria’s informal economy accounts for 65% of GDP – IMF
Unregistered household enterprises comprise a significant portion of Nigeria’s economy, accounting for as high as 65 percent of GDP, says…
Lagos city taxi fares most expensive in Africa, setback for Nigeria in attracting international tourists, says report
Taxi fares out of Lagos Airport, which tourists need to pay upon arrival in the country to get out of…
Nigerian, South African economies hindering Nedbank’s profitability
Nedbank Group Ltd. is finding its profitability at the mercy of the oil price, Nigerian and South African politicians because of…
China’s Didi invests in Taxify, an Uber rival operating in Europe, Africa
Didi Chuxing, the ride-sharing company that forced Uber out of China, has expanded its increasingly global empire after it made…
Moody says South Africa’s central bank under increasing political pressure
South Africa’s central bank is under increasing political pressure to maintain “expansionary” monetary policy, Moody’s Investors Service said as the…
Miners drive South African stocks to record high as Kumba gains
South Africa’s benchmark stock index advanced to a record Monday, joining a global rally as commodity prices surged on optimism…
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