Forex payments reach $3,7 billion in 6 months

Business Writer Zimbabwe made foreign payments amounting to US$3,783 billion, for the period January 2022 to June 2022, latest data from the Reserve Bank of Zimbabwe shows. The bulk of…

Internet providers in tariff adjustment drive

Tapiwanashe Mangwiro Local internet service providers have embarked on a tariff adjustment drive with some companies hiking by as much as 60 percent of the current price. This comes as…

Russia gas standoff turns ECB into sideshow for currency market

Bloomberg The planned reopening of a key Russian gas pipeline next week may be a bigger deal for the euro than the first interest-rate hike in a decade by the…

SAA sale part of vital reforms, minister says

Bloomberg South Africa’s minister in charge of embattled state-owned companies gave an impassioned defense of the sale of a majority stake in the national carrier for about US$3 — a…

Consumer streaming spend surges 70% since 2019 – FNB

Moneyweb An assessment of consumer behaviour from before the Covid-19 period up to June 2022 reveals that FNB retail customers have increased their spend on entertainment streaming services by about…

US Inflation Quickens to 9.1 pc

Financial Times US consumer prices rose more than forecast in June, hitting an annual pace of 9,1 per cent, a fresh 40-year high that cements expectations of another historically large…

Euro parity still in play ahead of crucial US inflation data

Bloomberg The euro might have narrowly avoided parity with the dollar so far, but strategists see it as an inevitable waypoint in a slide that could leave the common currency…

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