NEW: President transfers Marapira

PRESIDENT Mnangagwa has transferred Mr Davis Marapira to the Ministry of Lands, Agriculture, Fisheries, Water, and Rural Development from his position as the Minister of State in the Office of the President and Cabinet

NEW: Is a major recession unavoidable? Three economists give their views

Jonathan Perraton, Brigitte Granville & Chris Martin We are in a double bind right now. Prices are going through the roof but all the signs suggest that the economy is…

Comedian Ankela Zex tackles change problem with song

Mbulelo Mpofu, Showbiz Reporter CONTROVERSIAL comedian Ankela Zex Mdawini has released a song detailing the challenges people face when buying in shops. The song titled “Gabha Bank” features South Africa-based…

Finsec launches derivatives market

Business Reporter FINANCIAL Securities Exchange (FINSEC) is today set to launch the Derivatives Market to diversify capital markets products and trading. The launch follows the recent gazetting of Statutory Instrument…

Econet regrets Tuesday afternoon data outage

Business Reporter ECONET Wireless has apologised to its customers for a data outage that took place on Tuesday afternoon. “We had a data service interruption between about 3pm and 6pm…

Ariston expects a better second half

Business Writer Ariston is expecting higher yields, a softening in the export price of macadamia nuts but improvement in export tea price in the second half of the year. Commenting…

Govt to protect consumers amid continued price increases

Nelson Gahadza Government has said it will continue to create a stable operating environment for business to ensure that consumers are protected from business mal-practices including incessant price hikes. Industry…

Effect of RBZ’s move on interest rates

Business Writer The decision by the Reserve Bank of Zimbabwe to move all interest rates on loans to not less than the Bank policy rate will hit consumers hard, market…

Broad Money in $82 billion growth

Business Writer Broad money in the economy grew by more than $82 billion between March and April this year, latest figures from the Reserve Bank of Zimbabwe show. According to…

FlySafair to add new routes across Africa

Bloomberg South African airline FlySafair plans to add at least 10 new routes across sub-Saharan Africa to take advantage of a gap in the market left by the collapse of…

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