World Bank
- South Africa News
NUMSA approaches CCMA to meet with Mercedes-Benz SA over retrenchments
Mercedes-Benz South Africa says prolonged challenges at some of the country’s ports are one of the reasons it is laying…
Read More » - World News
IMF officially starts process to find new managing director
The International Monetary Fund officially launched the selection process to find the organization’s next leader on Wednesday, with current managing…
Read More » - South Africa News
World Bank forecasts continued weak economic growth for SA
The World Bank projects that South Africa’s economic growth will remain weak due to energy and transportation challenges. Further predictions…
Read More » - World News
World Bank’s decision to halt loans to Uganda over anti-gay law to hurt economy
Economists say the World Bank’s move to halt loans to Uganda over the country’s anti-gay law could reverse its economic…
Read More » - Business and Technology
IMF issues growth warning as it lowers 2023 forecast
The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will…
Read More » - South Africa News
Western Cape govt & World Bank get into bed to boost province’s services and energy security
The Western Cape government said it penned a new agreement with the World Bank in a bid to improve the…
Read More » - South Africa News
Energy expert questions R9 billion World Bank loan to repurpose Komati
Energy expert, Matthew Cruise has raised questions about a multi-billion rand loan from the World Bank awarded to South Africa,…
Read More » - World News
World Bank provides $100 million in emergency support for Sudan
In the first-ever direct contribution between the two UN agencies in the country, the Sudan Emergency Safety Nets Project aims…
Read More » - World News
Egypt to receive $500m from World Bank to boost food security
Egypt said it is to receive $500-million from the World Bank to alleviate the impact of war between its main…
Read More » - World News
World Bank approves over R7bn loan to SA
The World Bank has approved a R7.5-billion low-interest loan to fund vaccine purchases. The latest approval follows a loan of…
Read More » - World News
Stocks lower as World Bank slashes global growth forecast
The World Bank on Tuesday slashed its global growth forecast and warned that many countries could fall into recession as…
Read More » - South Africa News
KZN floods: Child Labour Conference goes ahead to support Durban
The fifth international Labour Organisation Global Conference on the Elimination of Child Labour will go ahead as planned in Durban…
Read More » - South Africa News
South Africa is the most unequal country in the world: report
South Africa is the most unequal country in the world, with race playing a determining factor according to the World…
Read More » - South Africa News
South Africa should return loans from IMF and World Bank, says opposition MPs
Opposition members of Parliament (MPs) on Thursday debated the country’s loan agreements with the International Monetary Fund (IMF) and World…
Read More » - South Africa News
DA: Enoch Godongwana’s Budget didn’t go far enough in meeting Ramaphosa’s Sona vision –
The Democratic Alliance (DA) said that Finance Minister Enoch Godongwana’s Budget Speech did not go far enough to meet the…
Read More » - South Africa News
South Africa wants more money from World Bank
South Africa’s government is in talks with the World Bank to secure additional funding, according to people familiar with the…
Read More » - South Africa News
EFF’s Marshall Dlamini says R11.5 billion World Bank loan threatens SA’s sovereignty
The Economic Freedom Fights (EFF) says it has written to Finance Minister Enoch Godongwana and the Finance Standing Committee demanding…
Read More » - South Africa News
Minister Phaahla: World Bank loan will accelerate COVID-19 response
Health Minister, Joe Phaahla says the loan by the World Bank will ensure government accelerates its COVID-19 response. The World…
Read More » - South Africa News
South Africa secures $750 million World Bank loan to help with COVID response
National Treasury said that the World Bank had approved a $750 million development policy loan for South Africa. The facility…
Read More » - South Africa News
SAMA to go to court in attempt to force placement of junior doctors
South African Medical Association (Sama) spokesperson Dr Mzulungile Nodikida says the government’s failure to plan for junior doctors’ statutory placement…
Read More » - World News
World Bank & UN say pandemic impact on education more severe than predicted
Lengthy pandemic school closures have cost students trillions of dollars in lifetime earnings, the World Bank and UN agencies said…
Read More » - World News
World Bank chief in Sudan for first visit in 40 years
World Bank President David Malpass, in Sudan on Thursday for the first visit in nearly 40 years by a head…
Read More » - Covid-19 Updates
WHO: Africa COVID deaths surge 43% in a week
Coronavirus-linked deaths in Africa surged by 43% in the space of a week, driven by a lack of intensive-care beds…
Read More » - World News
WB injects $100 million into troubled northern Mozambique
The World Bank on Wednesday granted $100 million for an emergency recovery project in northern Mozambique, where hundreds of thousands…
Read More » - South Africa News
SA Reserve Bank investing additional R300 billion to save SA economy – Mboweni
Finance Minister Tito Mboweni said the combined fiscal and monetary policy package to keep the economy running amid the COVID-19…
Read More » - South Africa News
President Ramaphosa says R500 billion will be spent by the state to save the economy
His address flows from the recent deliberations he was part of with Cabinet, the National Coronavirus Command Council, the President’s…
Read More » - South Africa News
SA should not approach IMF for help – ANC and allies say
South Africa should not approach the International Monetary Fund or World Bank for help, even as it grapples with the…
Read More » - South Africa News
Mboweni to approach World Bank, IMF if SA runs out of funds to fight COVID-19
Finance Minister Tito Mboweni on Sunday said he would have to approach the World Bank or the International Monetary Fund…
Read More » - Business and Technology
World Bank cuts SA’s growth forecast
The outlook for South Africa‘s economy is not about to improve, according to the World Bank. In its latest Global…
Read More »