Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli's government of undermining economic growth with"unpredictable and interventionist" policies.
In an previous statement, the IMF said its staff report was part of its “mandate to exercise surveillance over the economic, financial and exchange rate policies of its members …” “Under the IMF’s own procedures, they submitted their draft report to us which I received on March 18, but our views are yet to be included ,” he said.
The IMF projected a rate of GDP growth of around 4-5 percent in the medium term, should current policies continue.
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Business Maverick: Reported Fires Threaten China’s Electric-Car QuestIn China, where the quality and safety of electric vehicles and their batteries have been increasingly called into question, electric cars bursting into flames have underscored longstanding issues with China's electric-vehicle push, writes Adam Minter for Bloomberg Opinion.
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Business Maverick: Pinterest Tops Targeted IPO Range to Raise $1.4 BillionPinterest Inc. raised about $1.4 billion in its initial public offering, pricing its shares above a targeted range as the year’s tech unicorn stampede gains momentum.
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Business Maverick: Thursday April 18: Five Things You Need to Know to Start Your DayChina and the U.S. schedule yet more tariff talks. Corporate earnings, not trade, remain the focus for markets. And a special note to readers: We're planning to make the redacted Mueller report available soon after the Department of Justice releases it on Thursday. Here are some of this morning’s key stories.
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Business Maverick: S. Africa Reserve Bank Says Too Early to Claim Inflation WinSouth Africa’s central bank says it’s premature to claim victory in the war against inflation and sees price growth stabilizing at 4.5 percent only by the end of 2021.
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Business Maverick: SA Decline Worst of Nations Not at War, Model ShowsSouth Africa’s performance on a range of social, economic and governance measures deteriorated more in the past 12 years than any other nation not at war, according to Eunomix Business & Economics Ltd. please give us another chance MYANC such an achievement. Thanks to the ANC. But don’t for one moment think that the EFF will be saviors. They will be worse. This says it ALL!
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Business Maverick: Cartoon Friday: Rico
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Business Maverick: Apple Puts Need for 5G Ahead of Legal Fight in Qualcomm DealApple Inc. put its flagship product, the iPhone, ahead of distaste for the way Qualcomm Inc. does business in settling a bitter, two-year legal dispute with the chipmaker.
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BUSINESS MAVERICK - HEALTH : High noon for Tiger Brands as summons issued in listeriosis class action lawsuitThe deadly listeriosis outbreak, which hit South Africa hard, is starting to play out before the courts. South African human rights attorney Richard Spoor, who is well-known for his razor-sharp tongue, is hauling Tiger Brands to court by the tail. He is asking the high court to award members of a class action lawsuit punitive or constitutional damages.
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Business Maverick: Tuesday, April 23: Five Things You Need to Know to Start Your DayOil market surges after Trump’s move to cut Iran’s crude exports, Samsung pulls its folding phone and Sri Lanka lays the blame for an Easter Sunday attack on local terror group. Here are some of this morning’s key stories.
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BUSINESS MAVERICK: China, South Africa and the middle-income trapChina and South Africa seem so distant and so different. Chinese economic growth has been fabulous; over the past decade, South Africa’s has been miserable. China is enormous; SA is small… and so on. But in one singular respect, China and South Africa are similar — they may be both caught in the middle-income trap. If there is such a thing.
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