Landlocked Zambia in Africa is facing a debt crisis and it’s a typical story. During years of booming copper prices, the Zambian economy boomed. But when copper prices started falling in 2011, Zambia borrowed to stimulate the economy and maintain growth impulses. Money was spent on vanity project…
Tag Archive for President Cyril Ramaphosa
Mercedes- Benz Throws South Africa €600M Investment Lifeline
Mercedes-Benz Cars has invested €600m (R10bn) to expand its East London manufacturing plant to make next generation C-Class vehicles, mostly for export, including the new Mercedes-AMG high-performance range. This is the largest single vehicle investment by a foreign original equipment manufacture…