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South Africa Overtakes Nigeria As Africa’s Largest Economy

AFRICANGLOBE - In dollar terms, South Africa is once again the biggest economy on the African continent, a position it reclaimed from Nigeria. This was attributed to the appreciation of the rand, South Africa's currency, and the devaluation of the Nigerian naira following the introduction of a flexible foreign exchange regime.

Afcon 2013 To Boost South African Economy

AFRICANGLOBE - South Africa is set to benefit immensely from hosting the 2013 African Cup of Nations (Afcon) with its economy poised to gain from the influx of the sport lovers from Africa and other parts of the world. Mvuzo Mbebe, the CEO of the Local Organising Committee (LOC), speaking at the TNA/SABC Business Breakfast meeting, said one of these benefits included the 40,000 visitors who are expected to come from outside the country.

South Africa: Economic Shock A Result of Bad Labour Relations, Inequality

The South African economy has recently taken a major blow due to a much-reported epidemic of labour disputes in the mining industry. Approximately 50,000...

Moody’s Upgrade Set to Boost Nigeria’s Economy

Standard & Poor's (S&P), an international ratings agency, Wednesday upgraded its long-term foreign and local currency sovereign credit rating on Nigeria to BB-, three...

Zuma Wants to Take Control of South African Economy From White...

South Africa's economy is still under apartheid-era White minority control and Blacks must reclaim the continent's financial and mining powerhouse, President Jacob Zuma said...

Mega Power Project Helping Build South African Economy: Zuma

South Africa is on the rise and it is projects such as the Medupi power station that are creating growth in the economy, says...

South African Economy 'To Continue Growing'

The South African economy could grow only 0.8% in the third quarter and by 1.7% in the fourth quarter, implying that the country is not likely to enter into recession, Nomura International economic analyst Peter Attard Montalto predicts.

South Africa's GDP Rises to 4.8 Percent in First Quarter

GDP was expected to come in at 4.2 percent. "We were surprised by the number. It is a very good number and good showing by the manufacturing sector