economy

Nigeria goes to the polls this weekend. Here are ten things you need to know about the issues facing Africa’s most populous country:

How much would you pay to be verified and get a blue check mark on Twitter?

I have said it before and I will say it again – Thabo Mbeki was the best president in the world at the time of his sacking.

Yesterday, in response to rising inflation, the South African Reserve Bank raised interest rates by 50 basis points.

Once cannot really blame the team at the SARB who voted unanimouslyThey differed only in the quantum — one wanted a 25 basis points increase. in favour of raising interest rates — “The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic," says South Africa’s Constitution.

...why would “loss of generating capacity” kick in only between 17h00-22h00 every day and be perfectly functioning for the other 19 hours? Especially as by 17h00, most businesses are shutting shop for the day, turning off their heaters / air conditioners / heavy machinery?

For decades, Russia has been selling natural gas to countries in Europe.

Initially, those countries would pay Russia in their own currencies (Example: Germany using Deutschmarks).

In the modern era, those payments have been made in Euros.

This year, after Russia began its “special military operation” inside Ukraine, member countries of the European Union imposed economic sanctions against most Russian products, but left the door open for members to continue buying natural gas from Russia.

There are some interesting words in the English language. Take the case of the verb “shanghai”. The word is derived from the name of the city on the east coast of China.

In the late 19^th century, there was frequent shortages of sailors willing to crew ships to far off destinations, so ship owners would drug sailors and haul them on board. By the time they became woke, they were already en route to China and could not get off, hence the phrase “I was shanghaied”.

The International Monetary Fund has released the April 2022 World Economic Outlook. Unsurprisingly, the ongoing Ukraine conflict is front and centre.

Durban, like many great cities around the world, is built on a river. The Umgeni literally cuts the city in two.