‘Africa prepare for another recession’

Africa needed to prepare itself to weather and survive the looming second wave of the global recession, said Human Settlements Minister of South Africa Tokyo Sexwale in African Union Housing Finance general meeting in Johannesburg. Referring to International Monetary Fund (IMF) managing director Christine Lagarde’s statement that the world’s economy was on a “threatening downward spiral”, adding that this gave African governments and the private sector a push to work together in creating economies that would weather the financial storm that had hit the US and Europe. Read more here.
Business Report

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