IMF to give US$11bn to African nations

The International Monetary Fund is set to provide US$11 billion to 32 countries in sub-Saharan Africa that have requested assistance in fighting the coronavirus pandemic and its impact on the…

Stocks slide as economic realities bite

SINGAPORE. — Asia’s stock markets retreated from their highest levels for a month and the dollar extended gains on Thursday as the damage the coronavirus has wrought on the world…

‘South Africa GDP shrinks 2,5pc’

JOHANNESBURG. — Ratings agency Moody’s cut its forecast for South Africa’s economy to a 2,5 percent contraction in 2020, citing the impact of a nationwide, five-week shutdown aimed at limiting…

SA mining sector could lose 45 000 jobs

South Africa’s mining industry could lose more than 45 000 jobs during a prolonged nationwide lockdown to contain the coronavirus, according to the country’s biggest producers. President Cyril Ramaphosa has…

Economic planning vital to avert major crisis

Elias Pacheso Continuing from where I left off last week it is clear that the challenges caused by the Covid-19 pandemic are not going away soon. They will continue to…

Zim awaits Indian loan for Hwange upgrades

Golden Sibanda State power utility, Zimbabwe Power Company (ZPC), says it is awaiting determination of its US$310 million loan application to the Indian government to extend Hwange Power Station’s lifespan…

Analysts see investors cherry picking stocks

Business Writer Investor confidence on local stocks is likely to be different across sectors due to the selective impact COVID-19 will have on different economic segments, analysts at Sidewaos Research…

Employers struggle to meet salary obligations

Early indications are that many firms will struggle to pay April salaries as they are generating little or no income during the 21-day lockdown period, president of the Employers’ Confederation of Zimbabwe (EMCOZ) Dr Israel Murefu has said.

COVID-19: 583 more tests done

A TOTAL of 583 tests were done yesterday bringing to 1 299 the screening and diagnostic tests the Ministry of Health and Child Care has conducted so far. The Ministry has since stepped up screening and diagnostic testing in all province in line with the new Covid-19 testing strategy.

Imvelo lolimi lweSiNdebele

Lolu gwalo, lugwalo oluqukethe imibhalo engalotshwanga, esiyazi ngokujayelekileyo kuthiwa yi- oretsha. Imibhalo le sinanzelela ukuthi iqukethe ubuciko obumangalisayo okwamagama, njalo yimibhalo ebiqakatheke okwamagama ngenxa yokuthi ibihlanganisa ndawonye imideni etshiyeneyo, njalo…

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