Southern Africa

Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwean government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market, Reuters reported. The southern African country reintroduced …

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South Africa: Public Enterprises minister calls for ban on scrap metal over vandalism

South Africa: Public Enterprises minister calls for ban on scrap metal over vandalism

South Africa’s Minister of Public Enterprises, Pravin Gordhan, has called for a scrap metal export ban amid vandalism of public infrastructure. According to the Minister, this measure would ensure that there would be no external market for the stolen metal to be sold as scrap metal. “There is absolutely no …

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“Mind your own business,” Zimbabwean leader told Britain

"Mind your own business," Zimbabwean leader told Britain

Zimbabwean President Emmerson Mnangagwa told British government to stop meddling on the country’s affairs, the state-owned Herald newspaper reports quoting the president’s spokesman. It follows criticism to a proposed law, the Private and Voluntary Organisation Bill, that critics say will give government more control over civil society groups. The government …

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