Economy

Tax relief proposed to encourage South African MNC trade across continent

rand_Heather_DowdExperts have welcomed proposals on double taxation in the Taxation Laws Amendment Bill released by the South African National Treasury to aid the country's multinational companies do business across the African continent

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Zimbabwe Stock Exchange to introduce automated trading system

Zimbwabe_stock_exchangePlans are underway to introduce an automated trading system to the Zimbabwe Stock Exchange (ZSE), after the manual operations have impacted on the growth of the exchange

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Nigerian foreign reserves drop by US$220 million

moneycoinNigerian foreign reserves dropped to US$37.242 billion in the four days preceeding Friday, June 22, 2012, according to Central Bank of Nigeria (CBN)

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Further declines set for Zambian currency

Kwacha_-_Zambia_currencyThe weakened Zambian kwacha (ZMK) is set to worsen, according to foreign exchange analysts, as the outlook for the global economy remains bleak for 2012

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East African block to create 56,000 new jobs

briefcaseTanzania is to lead East African countries in creating more than 56,000 employment opportunities over the next five years, according to Ernst and Young

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