World Bank
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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