South Africa’s economy contracts 7% IN 2020. Zambia’s cabinet approved an economic stimulus package.
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South Africa’s GDP contracted by 7% in 2020. The contraction is in line with market expectations. Debmarine Namibia reported a 13% drop in production to 1.125 million carats last year as demand slumped during the covid-19 pandemic. Zambia’s cabinet approved a economic stimulus package financed through a covid-19 bond in an effort to alleviate the pandemic’s impact.
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