SA capital spending plunges 37 pc as state scaled back expenditure

Bloomberg Planned spending on capital projects in South Africa plunged 37% last year as the state scaled back expenditure, and the downswing is likely to continue in 2023, economists at…

Amplats CEO warns investor payouts will decline as load shedding continues to hit SA

Bloomberg Anglo American Platinum, the No. 1 platinum miner by value, said investor payouts will drop as worsening power outages in South Africa curb output and push up costs. “Will…

ZSE records 5.18 pc gains on Tuesday

Business Writer  The Zimbabwe Stock Exchange (ZSE) All Share Index soared 1,313.40 points representing 5,18 percent higher to close at 26 658.62 points. All Share Index was driven by positive…

Dr Mtasa to spearhead Air Zim turnaround

Business Writer The Minister of Transport and Infrastructural Development, Felix Mhona, has announced the appointment of former TelOne managing director Dr Chipo Mtasa as the new Air Zimbabwe board chairperson.…

EcoCash to leverage on digital, financial innovations

Business Writer              EcoCash Holdings Zimbabwe Limited says the fintech group will leverage on digital and financial innovations as it seeks opportunities that drive growth and consolidate its market share. Generally,…

Covid cases continue to surge

Business Writer/NewZiana Covid 19 cases continue to increase in the country, with 146 people testing positive on last week, the Ministry of Health and Child Care has said. No deaths…

Silicosis class action bolstered by SCA ruling against mining companies

News24.com The Supreme Court of Appeal (SCA) has dismissed a bid by two mining companies to challenge a court certification of a class action which could potentially result in them…

ZSE opens new week in the green

Business Writer The ZSE All Share Index opened the new week stronger at 25 345.22 points after gaining 562.33 points representing 2,27 percent gain. The seed manufacturer, SeedCo, recovered $31.98…

CAFCA faces stiff export competition

Business Writer Listed cable manufacturer, CAFCA, says its export volumes for the financial year ended September 30, 2022 declined 10 percent from the comparative period owing to foreign currency constraints…

Zimbabweans based in SA major source of remittances, RBZ

Michael Tome SOUTH Africa dominated as major source of diaspora remittances to Zimbabwe, constituting 40 percent of total receipts in 2022, according to Reserve Bank of Zimbabwe (RBZ). Remittances from…

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