By Editor The 2023 Corruption Perceptions Index (CPI) released today by Transparency International shows that most countries have made little to no progress in tackling public sector corruption. The CPI global average remains unchanged at 43 for the twelfth year in a row, with more than two-thirds of countries scoring below 50. This indicates serious […]
Category: Radarr Africa
By Editor The International Monetary Fund (IMF) slashed South Africa’s economic growth outlook for the year by about half. Initial growth estimates sat at 1.8% for 2024, but the Washington-based lender’s revised outlook downgraded the economy, with expectations that it will now only grow by 1%. The IMF said the downward revision for South Africa’s […]
By Editor PayPal Holdings will reduce its workforce by about 9% as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of analyst downgrades. In a letter to staff on Tuesday, Chriss said the decision was made to “right-size” the company through direct cuts and […]