Africa Business South Africa World 

Managing the risks of the retrenchment process in South Africa

The global economic climate continues to exert a chilling toll on employers, with South African businesses not escaping the frosty effects of slowing demand and creeping inflation. Like their counterparts in many countries, South African employers are actively seeking mechanisms to manage costs, consolidate employee headcount, and align their businesses with changes in customer demand and behaviour. Companies are closing… Read More
Africa Business Featured Ghana World 

Ghanaian traders close shops in protest of high cost of doing business

– – Members of the Ghana Union of Traders Association (GUTA), have closed their shops across the country in protest of the high cost of doing business in recent times. Their leaders tell Africa Feeds that the shops would be closed until Monday, October 24. They also insist that the continuous plummeting of the Ghanaian currency, the Cedi on the… Read More
Africa Business Southern Africa World Zimbabwe 

Zimbabwe’s gold coins that are to tackle soaring inflation

Interest rate has doubled in July alone to 200% with annual rate of inflation rising above 190%. The coin called “Mosi-oa-Tunya” means “The Smoke Which Thunders”. It refers to Victoria Falls, on the border between Zimbabwe and Zambia. According to the country’s central bank the coins will be priced at the international market rate with each going for an ounce… Read More
Africa Business Ghana World 

Ghana’s inflation rises to highest level in 18 years

– – Ghana’s inflation rate has risen to the highest level in more than 18 years in April. Inflation for the month rose to 23.6% from 19.4% in March. Government Statistician Professor Samuel Kobina Annim told journalists in Accra that the rate is the highest since January 2004. Food-price growth surged to 26.6% year-on-year from 22.4% in March and non-food… Read More