Rapid inflation scuttles Gweru devolution plans

Patrick Chitumba, Midlands Bureau Chief THE hyper-inflationary environment affecting the economy is negatively affecting the smooth utilisation of devolution funds by Gweru City Council (GCC), the acting town clerk Mr…

Honda, Sony join forces for new electric mobility company

Tokyo. — Honda and Sony have joined hands to establish a new company that will develop high-value-added electric vehicles and provide services for mobility. The new company, which is named…

Seed Co Intl warns shareholders

Tapiwanashe Mangwiro SeedCo International, a listed seed manufacturer, says it expects full-year profit before tax to be lower than a year earlier as it was hurt by the drop in…

Indigenous traditions saving Zim’s endangered wildlife

Andrew Mambondiyani A hill with an imposing protruding rock stands on the outskirts of Village F, a small farming community in Zimbabwe, about 50 kilometres south of the eastern border…

EU warns against fossil fuel ‘backsliding’

The European Commission president has warned EU member states not to backtrack on their long-term drive to cut fossil fuel use, as Germany, Austria and the Netherlands said they would…

SA bond, equity market: Fight or flight?

Global markets came under severe pressure over the past few days. The inflation genie is not getting back in the bottle voluntarily and will have to be forced in by…

Steps to change corporate culture

Arthur Marara Changing a company’s culture is complex. Human beings are creatures of habits, tied to those habits are certain behaviours that would have been entrenched and become the culture…

R6bn plan to overhaul SA’s busiest border posts

The Department of Home Affairs plans to issue a public request for proposals “in a few months’ time” for an ambitious R6 billion project to completely overhaul and rebuild South…

Bitcoin plunges below US$20 000 in 30-month low

Bitcoin dropped below $20 000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.…

Replacing coal with renewable energy could pay for itself

The world may gain an estimated US$78 trillion over coming decades by making this energy transition. International negotiators can’t agree on how to phase out coal, in part because of…

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