Spat over toll roads in South Africa shows poor people don’t count
Steven Friedman Most South Africans are poor. But this does not prevent politicians treating them as though they don’t exist. The invisibility of poor people in the country, who are…
Dollar weakness hoists pound, but outlook bleak
LONDON – Sterling gained on Thursday, erasing most losses earlier this week after U.S. Federal Reserve Chairman Jerome Powell left the door open for rate cuts, though Britain’s struggling economy…
Rand stronger with Fed seen cutting rates
JOHANNESBURG – South Africa’s rand strengthened on Thursday after the chairman of the Federal Reserve set the stage for a U.S. interest rate cut later this month, weakening the dollar…
Tugwi-Mukosi irrigation development in full swing
George Maponga Plans by Government to fully exploit Tugwi-Mukosi Dam water for irrigation development to anchor the country’s economic revival programme are going according to plan with an initial 20…
CICM set to release third Zimbabwe Customer Satisfaction Index
BH24 Reporter HARARE – The Chartered Institute of Customer Management (CICM) in collaboration with Select Research (Pvt) Limited is set to release the third edition of the Zimbabwe Customer Satisfaction…
US$9m exchanged in 5 days, inter-bank market bubbles after Zim$ return – RBZ
HARARE – The Reserve Bank of Zimbabwe (RBZ) said on Tuesday over US$9 million was traded for Zimbabwe dollars inside five days last week at commercial banks alone, hailing this…
NTS operating profit up 31pc
Michael Tome HARARE – National Tyres Services Limited (NTS) operating profit grew 31, 3 percent to RTGS$5,3 million for the period up to 31 March 2019 from $4 million in…
Why Federal Reserve independence matters
Michael Klein Should you care if the Federal Reserve loses its independence? It’s become a growing risk in recent years as President Donald Trump has repeatedly attacked the U.S. central…
Euro slides to 3-week low as dollar jumps on Fed rate repricing
LONDON – The euro dropped to a three-week low against a broadly stronger dollar on Tuesday as investors re-assessed their expectations of how much the Federal Reserve may cut interest…
Rand edges higher as traders eye Fed
JOHANNESBURG – South Africa’s rand edged higher early on Tuesday in cautious trade as investors waited for clues on the next rates decision by the U.S. central bank. At 0640…










