1998 SOUTHERN AFRICA ECONOMIC ... - National Treasury

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ABBREVIATIONS BLNS BWP CCM CDC CDS CIF CMA COMESA CPI DTI EIB EPZ EU FDI GATT GDP GNP GSP HDI HIPC ICSID IDC IDZ IFC IMF JSE LHWP LNDC LSM LuSE MEDIA MIGA Botswana, Lesotho, Namibia,Swaziland Botswana Pula Chama Cha Mpunduzi (Tanzania) Commonwealth Development Corporation Central depository and settlement system Cost insurance freight Common Monetary Area Common Market for Eastern and Southern Africa Centro de Promoçao de Investimentos Department of Trade and Industry (South Africa) European Investment Bank Export Processing Zone European Union Foreign Direct Investment General Agreement on Tariffs and Trade Gross Domestic Product Gross National Product Generalised System of Preferences Human Development Index Highly Indebted Poor Countries International Centre for the Settlement of Investment Disputes Industrial Development Corporation (South Africa) Industrial Development Zone (South Africa) International Finance Corporation International Monetary Fund Johannesburg Stock Exchange Lesotho Highlands Water Project Lesotho National Development Corporation Lesotho Maloti Lusaka Stock Exchange (Zambia) Mauritius Export Development and Investment Authority Multilateral Investment Guarantee Agency MIPA MMD MMM MUR MWK NAD NKZ NTEs OPIC SACU SADC SDI SDR SIDC SME SZL TAZARA TPDC TIPA TSH UNCTAD UNICTRAL UNDP USD VAT WTO ZAR ZCCM ZIPA ZMK ZSE ZWD Malawi Investment Promotion Agency Movement for Multiparty Democracy (Zambia) Militant Movement of Mauritius Mauritian Rupee Malawi Kwacha Namibian Dollar Angolan New Kwanza Non-traditional exports Overseas Private Investment Corporation Southern African Customs Union Southern African Development Community Spatial Development Initiatives Special Drawing Rights Swaziland Industrial Development Company Ltd Small and Medium Size Enterprises Swaziland Lilangeni (plural Emalangeni) Tanzania-Zambia Railway Authority Tanzania Petroleum Development Corporation Trade and Investment Promotion Agency (Botswana) Tanzania Shilling United Nations Commission on Trade and Development United Nations Commission on International Trade and Arbitration Law United Nations Development Programme US Dollar Value Added Tax World Trade Organisation South African Rand Zambia Consolidated Copper Mines Zanzibar Investment Promotion Agency Zambian Kwacha Zimbabwe Stock Exchange Zimbabwe Dollar 2
CONTENTS I N D E X Abbreviations 2 Foreword 5 The SADC Finance and 7 Investment Sector Regional Macro-Economic 13 Highlights Southern Africa and 17 Competitiveness C O U N T RY PRO F I L E S Angola 21 Botswana 27 Lesotho 33 Malawi 39 Mauritius 46 Mozambique 53 Namibia 63 South Africa 73 Swaziland 83 Tanzania 91 Zambia 96 Zimbabwe 103 List of Sources 109 AC K N OW L E D G E M E N T S This is the second document produced by the Finance and I nvestment Sector Coordinating Unit (FISCU) for the S A D C / World Economic Forum Southern A f r i c a Economic Summit. This year most of the information was supplied by FISCU’s stakeholders in the re g i o n . F I S C U c o o rdinated the wo r k , edited and supplemented the i n formation with data found on the Internet, and in n ew s p apers and magazines. We would there fo re like to thank the staff members of the investment promotion agencies, the stock exchanges, the central banks and the Ministries of Finance of the t we l ve SADC Countries cove red in this document. U n fo rt u n a t e ly, we we re not able to cover the two new SADC member States, the Democratic Republic of Congo and the Seychelles in this document. Our gratitude also encompasses the Swedish International D evelopment Co-operation A g e n c y, which contributed to the printing and production costs, and the adve rtisers fo r s u p p o rting the balance of the cost. P h o t o g r aphs by c o u rtesy of Southern African Marketing Co. F u rt h e r m o re, we are grateful to Mr Philip Clay t o n , Senior Economist, S t a n d a rd Bank of South A f r i c a , who provided editorial a s s i s t a n c e. The contributors to the document are :Ms Bongi Ku n e n e, Mr Phakamani Radebe, Ms Eva Bursvik, Ms Rosalind M owatt and Mr Themba Zulu of FISCU. P re t o r i a ,M ay 1998. SADC Finance and Investment Sector Coordinating Unit (FISCU) D e p a rtment of Finance, Private Bag X115,P retoria 0001,South A f r i c a Te l : +27-12-315 5395, 315 5653 Fax: +27-12-315 5395 e - m a i l :r m t 1 @ m we b. c o. z a C O P Y R I G H T No part of this publication may be re p roduced without the prior wri t t e n permission of FISCU, P R I VATE BAG X115, P R E TORIA 0001 The information that appears in this document is, to the best of our k n ow l e d ge, c o r rect at the time of the pri n t i n g ,and has been veri fied by C e n t ral Banks and/or Ministries of Finance of the respective countri e s. H ow ev e r, the SADC countries are facing difficulties in the ge n e ration of statistical data. The issue is re c ognised and is currently being addre s s e d by, inter alia, the Committee of Central Bank Gov e r n o rs. M e a n w h i l e, w e s u g gest that a degree of caution be exercised when using the m a c roeconomic statistics. FISCU disclaims liability for any erro rs and omissions that might occur in the document. 3
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Page 5 and 6: THE SADC FINANCE AND INVESTMENT SEC
Page 7 and 8: c u rre n t ly exists in SADC gover
Page 9 and 10: REGIONAL MAC RO-ECONOMIC HIGHLIGHTS
Page 11 and 12: Southern Africa and Competitive n e
Page 13 and 14: had agreed to accept the general fr
Page 15 and 16: A NG OL A of GDP in 1996. E x p o r
Page 17 and 18: A NG OL A Projects for Possible Inv
Page 19 and 20: A recent event in the political sce
Page 21 and 22: B O T S WA N A B OT S WANA STOCK MA
Page 23 and 24: B O T S WA N A P rotection of Inve
Page 25 and 26: scheduled for 23 May 1998. Eight po
Page 27 and 28: L E S O T H O The money market is d
Page 29 and 30: L E S O T H O L E S OT H O :P ROJEC
Page 31 and 32: p a r l i a m e n t a ry elections,
Page 33 and 34: M a l awi Stock Exchange The stock
Page 35 and 36: M A L AW I I nvestment Code The Inv
Page 37 and 38: M A L AW I S TAT I S T I C S(USDm u
Page 39 and 40: M au r i t i u s c o u n t ry is se
Page 41 and 42: M au r i t i u s Mauritian Investme
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Page 45 and 46: c u rre n t ly holds 129 seats in P
Page 47 and 48: M O Z A M B IQ U E combined with a
Page 49 and 50: The current status of the project i
Page 51 and 52: M O Z A M B IQ U E dermersal fish f
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After talks between the South Afric
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N A M I B I A Namibia does not impo
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N A M I B I A I nvestment Code A c
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Johannesburg Stock Exchange. G E N
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S O U T H A F RI C A that some East
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S O U TH A F R I C A cities of Joha
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S O U TH A F R I C A INDUSTRIAL FIN
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S O U T H A F R I C A * M a c h i n
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p rocessing industries,t e x t i l
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S WA Z I L A N D Swaziland Stock Ma
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S WA Z I L A N D The Ministry of En
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Snow capped peaks of Kilimanjaro. G
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TA N Z A N I A exchange rate, the s
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TA N Z A N I A S TATISTICS (USDm, u
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Z A M B I A the supply of water for
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Z A M B I A Fo reign Tr a d e Zambi
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Z A M B I A Other institutions incl
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Victoria Falls. G E N E R A L I N F
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Z I M BA BW E Z i m b a b we Stock
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Z I M BA BW E - No restrictions on
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LIST OF SOURCES S o u rces containi
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1998 SOUTHERN AFRICA ECONOMIC ... - National Treasury

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