Zimbabwe’s new Finance Minister said on Monday he would accelerate the country’s plan to pay arrears to the World Bank and African Development Bank and would work on a three-year programme to bring down government expenditure.
The World Bank will provide$1 billion in direct budget support to Ethiopia in the next few months, the prime minister said on Saturday, after the bank and other donors suspended budgetary help after a disputed and violent election in 2005.
The South African government and the Chamber of Mines are in the process of formulating a new Mining Charter. The charter serves as a blueprint for transforming the mining industry.
Public Enterprises Minister, Pravin Gordhan, has expressed confidence that the country will begin to see proper investigations and prosecutions into allegations of corruption at state-owned enterprises.
Public Enterprises Minister, Pravin Gordhan says radical surgery is required to ensure that Eskom’s municipal debt of 13.5 billion rand is addressed, warning that the power utility was carrying an unfair burden.