Zambia Finance Minister says economic growth inadequate

By Duncan Miriri KIGALI (Reuters) – Zambia needs faster economic growth than its current single-digit annual rate to tackle rampant poverty, the country’s finance minister said. Alexander Chikwanda said he expects the economy, which relies on farming and mining, to grow by 6 to 7 percent this year from 6 percent last year, after improved … Read more

South Africa’s “Born Frees” Struggle With History

By Ed Cropley JOHANNESBURG (Reuters) – When Nkululeko Simelane was born on April 27, 1994, her parents did not have to think twice about her name. Her birth coincided with South Africa’s first multi-racial elections, the momentous day that ended three centuries of white domination and 46 years of formalised oppression of the black majority … Read more

Legacy of Marikana: investors should hope for the best, but plan for the worst

Will there be another Marikana? A year after violent clashes in the mining sector brought into sharp relief the socio-economic challenges that continue to bedevil South Africa, Gideon du Plessis, General Secretary of trade union Solidarity, reflects on what went wrong. He lists at least 20 reasons behind the conflict and warns that the problems … Read more