Times of Swaziland
Central Bank of Swaziland Quarterly Report September 2010 - the construction industry, which contributes 30% to the GDP, contracted by 3.1% . Causes include a reduction in exports, increased competition and a reduction in FDI all due to the larger global economic slowdown.
In the same report, earnings by the textile industry doubled as export receipts increased from E71.5 million to E141.9 million, thanks to the AGOA market. Beef exports to the EU also incrased by 90%.
The Swazi Observer
Fuel prices went up last night with petrol increasing by 70 cents, diesel by 80 cents, and parrafin by 60 cents. A hike in public transport prices is expected as a reaction to higher fuel prices.
Following lack of allocations by the king during his speech at the opening of parliament last Friday, plus the bleak outlook concernign IMF funding, significant bugdet cuts are expected from Minister of Finance Majozi Sithole's budget speech.
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