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South Africa's high jobless rate reflects rigid labour market PRETORIA: South Africa's high unemployment rate is reflective of a rigid labour market, the central bank's Lesetja Kganyago said on Friday. "The nature of unemployment in South Africa is emanating from the structural constraints that we are facing and there is pretty little that monetary policy could do to sustainably bring down unemployment," Kganyago, who will take over as central bank governor next week, told a conference in Pretoria. "There are rigidities in our own labour market."Copyright Reuters, 2014 ...

Zimbabwe opposition hopes to reboot and challenge Mugabe HARARE: Enfeebled by its electoral loss to veteran leader Robert Mugabe and a post-vote split, Zimbabwe's opposition Movement for Democratic Change meets on Friday to elect new leaders and forge a new plan against Mugabe's 34-year rule.MDC spokesman Nelson Chamisa said the two-day party congress, expected to attract 7,000 delegates, was likely to retain Morgan Tsvangirai as leader and, MDC members hope, see the embattled party emerge stronger."We are reinvigorating the party. It's going to ...
US hopeful of peaceful Burkina Faso transition WASHINGTON: The United States on Thursday said it hoped for a peaceful transition of power in Burkina Faso following a violent uprising sparked by anger at President Blaise Compaore's 27-year reign.The explosion of violence in Burkina Faso left around 30 people dead and 100 injured according to opposition figures, after tens of thousands protested Compaore's plans to extend his rule.The government eventually withdrew legislation which would have altered the constitution to allow Compaore to run ...
South Africa's jobless rate little changed at 25.4 percent in Q3 PRETORIA: South Africa's unemployment rate was little changed at 25.4 percent of the labour force in the third quarter of 2014 from 25.5 percent in Q2, data showed on Thursday. In its quarterly labour force survey, which polls households, Statistics South Africa said this amounted to 5.151 million people without work, down slightly from 5.154 million in the previous three months. It said the construction and mining sectors had added 135,000 and 19,000 jobs respectively ...
US offers condolences at death of Zambian leader WASHINGTON: The United States on Wednesday sent condolences to Zambia at the death of president Michael Sata, but stressed it believed there would be a peaceful political transition in the African nation."On behalf of the American people, Michelle and I send our condolences ... for the loss of President Michael Chilufya Sata," President Barack Obama said in a statement."The United States remains committed to our enduring friendship and partnership with Zambia, and strongly supports a ...
Zuma 'outraged' at S.Africa football captain's death JOHANNESBURG: South African President Jacob Zuma on Monday said he was saddened, shocked and outraged at the shooting death of the national football team's talismanic captain Senzo Meyiwa.Zuma voiced his "shock, sadness and outrage" at the death of 27-year-old Meyiwa, who was gunned down at a house near Johannesburg.Meyiwa was the goalkeeper and captain of national side Bafana Bafana and the Orlando Pirates, one of the country's biggest clubs."We mourn the death of this young ...
US envoy visiting Ebola-hit Africa condemns world response CONAKRY: The US ambassador to the United Nations criticised the level of international support for nations hit by Ebola as she began a tour Sunday of west African nations at the epicentre of the deadly outbreak.Samantha Power said before arriving in Guinea that too many leaders were praising the efforts of countries like the United States and Britain to accelerate aid to the worst-affected nations, while doing little themselves."The international response to Ebola needs to ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln