1998 SOUTHERN AFRICA ECONOMIC ... - National Treasury

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.
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