1998 SOUTHERN AFRICA ECONOMIC ... - National Treasury

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Z I M BA BW E S TATISTICS USDm unless otherwise stated 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 Population (millions) 1 0 . 4 1 0 . 8 1 1 . 2 1 1 . 5 1 1 . 9 1 2 . 3 Nominal GDP at market prices, USDm 5 , 2 4 6 . 0 5 , 4 2 0 . 0 5 , 7 8 5 0 6 , 1 4 3 . 0 6 , 9 6 5 . 0 7 , 3 8 2 . 0 Real GDP growth rate, % - 6 . 8 4 . 2 5 . 3 - 3 . 2 7 . 2 3 . 7 GDP per cap i t a ,U S D 5 0 4 5 0 3 5 1 9 5 9 3 5 8 5 6 0 0 Consumption as % of GDP 4 4 . 9 5 4 . 4 4 4 . 4 . . . . . . G ross domestic savings as % of GDP 1 2 . 1 1 3 . 8 1 3 . 1 1 3 . 0 1 5 . 9 1 6 . 2 G ross investment as % of GDP 2 7 . 0 1 9 . 2 1 8 . 4 1 8 . 5 1 8 . 2 1 8 . 2 Inflation rate, % 4 2 . 1 2 7 . 6 2 2 . 3 2 2 . 6 2 1 . 4 1 8 . 9 M e rchandise exports as % of GDP 2 2 . 7 2 5 . 0 2 8 . 9 2 8 . 9 2 9 . 2 3 0 . 0 M e rchandise imports as % of GDP 2 6 . 4 2 3 . 5 2 5 . 9 2 7 . 7 2 6 . 3 3 0 . 2 C apital account of balance of pay m e n t s ,USDm 6 8 9 . 0 5 0 4 . 0 5 1 7 . 0 5 3 0 . 0 1 0 9 . 0 1 1 8 . 0 Fo reign direct investment as % of GDP 0 . 3 0 . 6 0 . 5 1 . 7 0 . 5 1 . 0 Fo reign port folio investment as % of GDP - 0 . 2 - 0 . 1 0 . 9 1 . 0 - 0 . 0 0 . 5 O verall balance on balance of pay m e n t s ,U S D m - 1 2 7 . 0 1 7 6 . 0 2 6 8 . 0 2 1 0 . 0 . . . . Average exchange rate: ZWD to USD 5 . 1 6 . 6 8 . 7 10 . 0 12 . 1 Fo reign exchange re s e rves expressed in terms of months of import cove r 2 . 0 3 . 7 3 . 3 4 . 2 3 . 9 1 . 0 Total external debt as % of GDP 6 0 . 9 6 6 . 7 6 5 . 4 6 0 . 4 5 8 . 1 5 7 . 3 Total external debt service as % of export s 3 0 . 0 3 0 . 0 2 5 . 0 1 9 . 6 1 7 . 7 1 6 . 9 Budget deficit as % of GDP - 1 1 . 4 - 8 . 7 - 1 4 . 6 - 1 1 . 6 - 7 . 1 Central bank discount rate (end of ye a r ) ,% 3 0 . 0 2 8 . 5 2 9 . 5 2 9 . 5 2 7 . 0 3 1 . 5 Prime lending rate (average for ye a r ) ,% 3 4 . 6 3 7 . 9 3 6 . 4 3 5 . 0 3 3 . 5 3 3 . 3 G rowth rate of M2 money supply, % 2 5 . 0 2 9 . 4 3 3 . 8 3 0 . 0 2 7 . 7 3 5 . 0 Domestic credit to gove r n m e n t ,U S D m 4 1 5 . 9 2 1 5 . 2 7 3 5 . 7 7 6 7 . 2 8 5 6 . 6 Domestic credit to private sector, U S D m 1691 . 6 1514 . 3 2025 . 3 2360 . 0 3022 . 8 2388 . 5 S o u rc e : R e s e rve Bank of Zimbabwe, 1998 . USEFUL A D D R E S S E S I nvestment Promotion A ge n c y Z i m b a b we Investment Centre (ZIC), P O Box 5950, H a r a re,Te l : + 263 - 4 - 757931 / 2 / 3 / 4 / 5 / 6 ,F a x :+ 263 - 4 - 797937 ,759917 Consulting Firms Coopers & Ly b r a n d ,P O Box 702, H a r a re,Te l :+263-4-74 99 00 Deloitte & To u c h e, P O Box 267, H a r a re,Te l : +263-4-74 62 48-54, 74 62 71-4, F a x :+263-4-74 62 55 Ernst & Yo u n g ,P O Box 62, H a r a re,Te l : +263-4-75 18 56, F a x :+263-4-77 38 42 Imani Development (Pvt) Ltd, P O Box 4990, H a r a re,Te l :+263-4-77 42 33/4/5, F a x :+263-4-77 42 32, E - m a i l :i m a n i @ h a r a re. i a f r i c a . c o m K P M G ,P O Box 6, H a r a re,Te l :+263-4-70 76 61, F a x :+263-4-70 76 69 Price Wa t e r h o u s e, P O Box 453, H a r a re,Te l :+ 263 - 4 - 757610 ,F a x :+ 263 - 4 - 757608 108
LIST OF SOURCES S o u rces containing information for more than one c o u n t ry Africa Financing Rev i ew, L o n d o n ,U K , various issues from 1997 and 1998 Africa Trade and Investment Bulletin we b s i t e ( w w w. w n a . c o. z a / a c h i l l ) Business Day, South A f r i c a ,various issues from 1997 and 1998 Committee of Central Bank Governors in SADC (1997) - SADC Financial Systems, S t r u c t u re s ,Policies and Marke t s , O c t o b e r Committee of Central Bank Governors in SADC (1998)- Statistical database E l e c t ronic Mail & Guardian - various articles (1997-98) FISCU (1997), FISCU A n nual Report 1997 FISCU (1997), Southern A f r i c a :A New Growth Opport u n i t y, M ay IMF (1997) Exchange A rrangements and Exchange Restrictions, A n nual Report 1997 IMF (1997) International Financial Statistics Yearbook 1997 KPMG (1997) Banking Survey, 1997 ,Ju n e Mbendi A f ropaedia we b s i t e :h t t p :// m b e n d i . c o. z a M I G A ,I PA Net we b s i t e :h t t p :// w w w.ipanet.net SADC - Official SADC Tr a d e, I n d u s t ry and Investment Rev i ew 1998 U N C TAD (1997),World Investment Report U N D P, Human Development Report 1997 World Economic Forum (1998) Africa Competitiveness Report USAID - The Southern Regional Te l e c o m mu n i c a t i o n s Restructuring Pro g r a m ,h t t p :// rt r. wo r l d we .net b A N G O L A A n gola we b s i t e, h t t p : / / w w w. a n go l a . o r g Banco de A n gola (1998),April * Instituto do Investimento Estrangeiro (1998), Relatório - N ú m e ros do Investimento Estrangeiro (1990 - 1997) M i n i s t ry of Finance (1998)* B OT S WA N A African Financial Rev i ew (1998) Marc h Bank of Botsw a n a ,1 9 9 8 * B o t swana Institute for Development Policy A n a lysis (BIDPA ) , 1 9 9 8 B o t swana Stock Exchange, ( 1 9 9 8 ) * Business Day we b s i t e, http:// www. b d ay. c o. z a / 9 8 / 0 2 2 0 / wo r l d / w 1 1 . h t m Mbendi we b s i t e, h t t p : / / w w w. m b e n d i . c o. z a / l a n d / b o - p o l . h t m M i n i s t ry of Finance (1998),The Budget Speech World Tr avel Guide we b s i t e, h t t p : / / w w w. w t go n l i n e. c o m / c o u n t ry / b w / g e n . h t m l T I PA (Trade and Investment Promotion A g e n c y ) ,1 9 9 8 * L E S OT H O B a f foe&Associates (1997), SADC-FISCU Research Pro j e c t C o u n t ry Researc h e r ’s Report , Ju ly Bank of Lesotho (1998)* M i n i s t ry of Finance, Privatisation Unit (1998) Lesotho Privatisation Programme LNDC (1998)* M A L AW I C o m m o n wealth we b s i t e, h t t p : / w w w. t c o l . c o. u k / m a l aw i M a l awi Investment Promotion Agency (1998)* M a l awi Stockbro kers (1998)* M AU R I T I U S A rthur A n d e r s e n ,Mauritius/South Africa Double Taxation Tre a t y E P Z DA ,( 1 9 9 8 ) ,f a x ,A p r i l Ernst & Young (1997), M a u r i t i u s :Financial and Business Centre ( 1 9 9 7 ) K . C. Li Kwong Wing (1997) re s e a rch done for the FISCU study on investment in SADC Matheson Trust Company (1997), Topic Pap e r s :M a u r i t i u s Mauritius Fre e p o rt Authority (1998) - fax, M a rc h MEDIA (1998), l e t t e r, M a rc h MEDIA website (www. n c b. i n t n e t . mu / m e d i a ) M O BAA , M a u r i t i u s :The International Financial Services Centre SCI Essell Offshore Services (1997) Mauritius:The International Financial Services Centre S t a n d a rd Bank of South A f r i c a , Economics Division (1998), Mauritius Country Pro f i l e, M a rch Stock Exchange of Mauritius (1998), f a x ,M a rch M O Z A M B I Q U E Banco de Moçambique (1998),A p r i l * CPI (1998) Country Profile and Business Guide, M a rc h CPI (1998),April * Installation Commission for the Mozambique Stock Exhange ( 1 9 9 8 ) ,M a rch M aputo Corridor Company (1998) The Maputo Deve l o p m e n t C o rr i d o r, J a nu a ry N A M I B I A African Rev i ew of Business and Te c h n o l o gy ( 1998 ) D e c e m b e r / J a nu a ry Bank of Namibia, ( 1998 )* E l e c t ronic Mail & Guardian we b s i t e, h t t p :// w w w. m g . c o. z a / m g / n ew s / 98 fe b 2 / eb- 18 f namibia.html Ernst & Young (Mbendi we b s i t e ), h t t p :// m b e n d i . c o. z a / e r n s t y / c y n a ey i p. h t m Mbendi Information for Africa we b s i t e, h t t p :// w w w. m b e n d i . c o. z a / c y n a c y. h t m Namibia Investment Promotion Centre, ( 1998 )* Namibian Stock Exchange, ( 1998 )* S t a n d a rd Bank Namibia Limited (1998), Namibia in Figures SOUTH A F R I C A African Business, June 1997 Business Map (1998), N ew Policy Directions in South A f r i c a U p d a t e, 24 Fe b r u a ry D e p a rtment of Finance (1998), Budget Rev i ew E n t e r p r i s e,April 1998 Fleming Martin Securities (1998), South African Budget Highlights IDC (1998), C o re Economic Indicators, Fe b r u a ry I nvestment South A f r i c a , (1997) Investing in South A f r i c a : 1 0 Reasons W hy I nvestment South Africa - promotional bro c h u re (1997) N o t e s : * Fax or e-mail response to queries made by FISCU. 109
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1998 SOUTHERN AFRICA ECONOMIC SUMMI
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CONTENTS I N D E X Abbreviations 2
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THE SADC FINANCE AND INVESTMENT SEC
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c u rre n t ly exists in SADC gover
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REGIONAL MAC RO-ECONOMIC HIGHLIGHTS
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Southern Africa and Competitive n e
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had agreed to accept the general fr
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A NG OL A of GDP in 1996. E x p o r
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A NG OL A Projects for Possible Inv
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A recent event in the political sce
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B O T S WA N A B OT S WANA STOCK MA
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B O T S WA N A P rotection of Inve
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scheduled for 23 May 1998. Eight po
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L E S O T H O The money market is d
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L E S O T H O L E S OT H O :P ROJEC
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p a r l i a m e n t a ry elections,
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M a l awi Stock Exchange The stock
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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
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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
Page 43 and 44: M au r i t i u s Ta x a t i o n Tax
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
Page 53 and 54: After talks between the South Afric
Page 55 and 56: N A M I B I A Namibia does not impo
Page 57 and 58: N A M I B I A I nvestment Code A c
Page 59 and 60: Johannesburg Stock Exchange. G E N
Page 61 and 62: S O U T H A F RI C A that some East
Page 63 and 64: S O U TH A F R I C A cities of Joha
Page 65 and 66: S O U TH A F R I C A INDUSTRIAL FIN
Page 67 and 68: S O U T H A F R I C A * M a c h i n
Page 69 and 70: p rocessing industries,t e x t i l
Page 71 and 72: S WA Z I L A N D Swaziland Stock Ma
Page 73 and 74: S WA Z I L A N D The Ministry of En
Page 75 and 76: Snow capped peaks of Kilimanjaro. G
Page 77 and 78: TA N Z A N I A exchange rate, the s
Page 79 and 80: TA N Z A N I A S TATISTICS (USDm, u
Page 81 and 82: Z A M B I A the supply of water for
Page 83 and 84: Z A M B I A Fo reign Tr a d e Zambi
Page 85 and 86: Z A M B I A Other institutions incl
Page 87 and 88: Victoria Falls. G E N E R A L I N F
Page 89 and 90: Z I M BA BW E Z i m b a b we Stock
Page 91: Z I M BA BW E - No restrictions on
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1998 SOUTHERN AFRICA ECONOMIC ... - National Treasury

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