Business Africa
Somalia achieved a budget surplus of $3.8 million in 2017
Despite multiple ills such as the jihadist attacks and severe drought in 2017, Somalia has managed to maintain a balance of trade.
In September last year, the country recorded a budget surplus of $3.8 million, compared to $1.8 million in December 2016, according to the latest International Monetary Fund report.
South Africa has the highest white-collar crime rate in the world
South Africa is ranked highest among the 10 countries in the world most affected by white-collar crime.
This is according to a report published by PricewaterhouseCoopers (PwC). The institution’s bi-annual survey revealed that 77% of companies located in the country have been victims of economic crime over the past two years.
For more on this PricewaterhouseCoopers report, we are joined on line by Godfrey Mahofa, a researcher/economist.
He also talks about the results of these surveys on South African economic policies.
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Pics of the day: April 16, 2024
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Kenya power delivers cheaper electricity bills for residents
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Kenya proposes treaty to ease Somalia-Ethiopia tensions
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Zimbabwe unveils new currency as depreciation, inflation stoke turmoil
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Somalia parliament passes bill allowing President appoint PM
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South Africa narrowly avoids recession in Q4 amid sluggish growth