Monique Vanek

South Africa

Africa Economics and Government Editor at Bloomberg News

Media thinker, Africa Economics & Government Editor, Bloomberg & social media strategist. Views are my own.

Featured in: Favicon

bloomberg.com Favicon

msn.com

globo.com

yahoo.com (+10) Favicon

cnbc.com

smh.com.au Favicon

aljazeera.com Favicon

news24.com Favicon

theage.com.au Favicon

business-standard.com + 50 more

Articles

South Africa to Provide $2.8 Billion Guarantee to Transnet

2 weeks ago | bloomberg.com | Monique Vanek

Transnet freight trains at a depot in Gauteng, South Africa. (Bloomberg) -- South Africa’s transport and finance ministries have approved a 51 billion-rand ($2.8 billion) guarantee facility to Transnet SOC Ltd., the nation’s struggling rail and ports operator. The facility is effective immediately to support Transnet’s “capital investment program and to enable it to meet its debt obligations,” the transport ministry said in a statement Thursday.
Highlights of South African Finance Minister's Reworked Budget

2 weeks ago | financialpost.com | Monique Vanek

Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Top Stories will soon be in your inbox.
Highlights of South African Finance Minister’s Reworked Budget

2 weeks ago | bloomberg.com | Monique Vanek

Over the next three years, 1.03 trillion rand will be allocated to public infrastructure. (Bloomberg) -- Below are the highlights of South Africa’s third iteration of the 2025 budget announced by Finance Minister Enoch Godongwana in Cape Town on Wednesday, after two previous versions were withdrawn because of disagreements within the governing coalition over taxes.
African Central Banks to Join EM Peers Easing Rates

2 weeks ago | bloomberg.com | Monique Vanek

(Bloomberg) -- Central banks in key African economies are getting set to line up with other emerging-markets in coming weeks and cut interest rates where inflation pressures are seen abating, or stay on guard where the path is less clear. For most it will be their first rate-setting meeting since the US imposed a 10% universal tariff and slapped China — Africa’s largest trading partner — with a 145% levy before reducing it to 30% for 90 days.
South African Deputy Finance Chief Sees Budget 3.0 as Done Deal

3 weeks ago | bloomberg.com | Monique Vanek |Robert Brand

David Masondo(Bloomberg) -- South Africa’s deputy finance minister said next week’s national budget is set to secure approval from lawmakers, after two previous iterations were scrapped because of disagreements within the governing coalition over taxes.
Africa’s Eswatini Kingdom Plans $275 Million Wealth Fund

3 weeks ago | bloomberg.com | Monique Vanek

Neal Rijkenberg(Bloomberg) -- The southern African Kingdom of Eswatini plans to start a sovereign wealth fund of around 5 billion emalangeni ($275 million) this year to help channel money into areas including manufacturing and agriculture, its finance minister said. Legislation for the fund, drawn up with the Commonwealth’s help, is in draft form and likely to be finalized in the next three months, Neal Rijkenberg said. “It is something that we are really focusing on and driving very hard to get.
Madagascar Central Bank Hikes Key Rate in Policy Revamp

4 weeks ago | bloomberg.com | Monique Vanek

Vendors sell merchandise on a street in Behoririka, Antananarivo, Madagascar, on Tuesday, July 24, 2018. Madagascar's gross domestic product (GDP) figures have steadily improved over the last four years and is projected to reach 5% in 2018, according to the World Bank Group. Photographer: Miora Rajaonary/Bloomberg(Bloomberg) -- Madagascar’s central bank increased its revamped interest rate to curb inflation amid global turbulence.
Next Africa: Looming Spending Cuts Herald a Bleak Outlook

1 month ago | bloomberg.com | Monique Vanek

Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. African nations feeling the pinch intend cutting back on spending, with very real repercussions for citizens.
Kenya Set to Overtake Ethiopia as East Africa’s Top Economy

1 month ago | bloomberg.com | Monique Vanek

Motorcycle taxi riders, known locally as a 'boda bodas', ride through a busy street market in the Kangemi district of Nairobi, Kenya, on Monday, Aug. 1, 2022. Kenyans will head to the polls on Aug. 9 to choose a new president in a contest pitting fifth-time contender Raila Odinga against William Ruto, a challenger who’s anchored his campaign on a rags-to-riches story.
South African Delegation Meets With US Officials to Mend Ties

2 months ago | bloomberg.com | Monique Vanek

A South African delegation returned home after meeting with US officials to mend ties between the two nations that have become increasingly strained since President Donald Trump took office in January. The US leader has targeted South Africa over its land-expropriation policy and for a case it brought before the International Court of Justice accusing Israel — a key American ally — of genocide.