Policymakers’ hopes that Africa would replace India and the Philippines as the world’s back office have not been realised.

South Africa's GDP growth has slowed to 0. 1% in the first quarter of 2025, raising concerns among economists. Key sectors, including agriculture and manufacturing, show mixed performance ...

Economic growth in Sub-Saharan Africa is showing some resilience despite uncertainty in the global economy and restricted fiscal space. Regional growth is expected to reach 3.5% in 2025 and further ...

PRETORIA (Reuters) -South Africa's economy stagnated in the first quarter, eking out quarter-on-quarter growth of just 0.1%, as contractions in sectors like mining and manufacturing offset a ...

JOHANNESBURG--(BUSINESS WIRE)--Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the ...

Group merchandise sales increased by 10%, with like-for-like sales up by 7.8%. In Southern Africa (excluding PEP Africa and Avenida), like-for-like sales grew by an impressive 9.6%. This performance ...

Fourth-quarter growth was led by the services sector which grew 5.37% year-on year, the National Bureau of Statistics said. Full-year growth accelerated to 3.40% last year from 2.74% in 2023, it said.

Africa may pay the price of this battle in the form of interrupted trade, and the need to adjust to a changing world. In the context of Namibia, the Israel-Iran war will probably have an impact on ...

South Africa’s economy will likely expand 2.2% in 2025 with an anticipated easing of the country’s logistic woes and the new unity government’s commitment to implementing key economic ...

South Africa risks missing its 2024 economic growth forecast after the agricultural sector’s deepest slump in at least three decades led to an unexpected contraction in the third quarter.. The 0 ...

In the coming years Africa will become more important than at any time in the modern era. Over the next decade its share of the world’s population is expected to reach 21%, up from 13% in 2000 ...

The S&P Global South Africa PMI recorded a reading of 50.6, slightly down from September's 51.0, but still above the 50.0 mark that indicates growth.