Africa’s millionaire exodus: Wealth eroded by currency depreciation
In the past decade, Africa has seen a significant dip in its millionaire population, with many departing or witnessing their wealth dwindle due to currency devaluations.
In the past decade, Africa has seen a significant dip in its millionaire population, with many departing or witnessing their wealth dwindle due to currency devaluations.
In Zimbabwe’s bustling central business district of Bulawayo, informal trader Brian Tinotenda reflects on his journey from a supermarket employee to a small business owner.
Emerging markets in Asia are bracing for a currency showdown amidst the dollar’s ascent, with central banks gearing up for intervention.
Analysts foresee a strengthening yen as the Bank of Japan exits negative interest rates, diverging from global peers cutting borrowing costs.
The Rand faces a rare setback with a 0.3% decline against the dollar this month, bucking the trend of its emerging-market counterparts.
Market insights: rising bond yields, heightened recession concerns, and strategic investment strategies unveiled.
The BRICS group of economies are convening for its 15th heads of state and government summit in Sandton this week.
In another heartfelt letter, Cathy Buckle takes readers on a captivating journey through the challenges and triumphs of life in Zimbabwe.
South Africa’s central bank is reluctant to pivot away from policy tightening after raising its benchmark interest rate into restrictive territory amid rand weakness and government missteps that continue to fuel inflation.
South Africa’s central bank raised rates to the highest level in 14 years to rein in inflation expectations in an economy that’s expected to barely grow this year.