SA nabs trio with 74kg of gold in hand luggage

South African authorities arrested three suspected smugglers after finding 73.5 kilograms of gold bars worth about R66 million in their hand luggage.

SA stocks get new year boost

South Africa’s main stocks benchmark rose at the open, in the first session since the country entered new trade pacts with African peers and the U.K., while grappling with sluggish vaccination efforts as a new Covid-19 strain continues to spread.

Bitcoin falls most since March

Bitcoin fizzled in Monday trading as the famously volatile cryptocurrency pulled back after a spectacular rally.

Old Mutual ETF lists 0.22% higher

The much awaited Old Mutual exchange traded fund (ETF), the first such financial instrument in the country, was listed on the Zimbabwe Stock Exchange yesterday.

Innovation drives high-quality growth of Beijing’s tech hub

BEIJING, Nov. 8 (Xinhua) — High-tech companies in Beijing’s Zhongguancun, better known as China’s Silicon Valley, are spearheading innovation as the country continues to advance high-quality development.

US2.5 million citrus project for Zimbabwe

A US$2.5 million project targeting the fruit industry value chain and bankrolled by the China and Zimbabwe Agricultural Company, is set to further transform the country into a major player in the agriculture sector.

ZSE suffer losses again at week’s opening

There was no joy for stock market investors on Monday with all major indices closing in red although trading itself was mixed with more gains than losses.

Zim imports 600MW to cover power supply gap

Business Writer Zimbabwe is importing up to 600MW of electricity from regional producers to cover the supply gap created by subdued energy generation capacity mainly by ageing thermal power stations.…

Rand skyrockets on strong early results from Covid-19 vaccine trials

South Africa’s main stock gauge on Monday rose for a sixth consecutive day, up as much as 2.8 percent by the late afternoon in a major show of investor optimism following pharmaceutical company Pfizer’s announcement that early data from its coronavirus vaccine trials had suggested a high degree of effectiveness. 

CAPS gets new board

The Government has appointed a new board for the country’s largest pharmaceutical company, CAPS (Pvt) Ltd, led by Nyaradzai Matondo.

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