Rekindling hope is the missing elixir needed to fix South Africa’s economy

South Africa’s election season is underway. But current debates are stuck in a time warp. The country needs to look beyond the familiar nostrums that have held sway for much of its first decades of democracy.

Gold recovers from 4-month low

Gold inched up on Monday, moving away from a near 4-month trough touched in the previous session, drawing support from a drop in equities and a jump in crude oil prices.

South Africa’s rand, bonds little changed, stocks set to open higher

JOHANNESBURG – South Africa’s rand was little changed in early trade on Tuesday with investors refraining from making large bets as markets reopened after Monday’s holiday.

Zim expecting 200 million kg of tobacco

HARARE – Zimbabwe’s tobacco output is  expected to decline to 200 million kilogrammes this year owing to  unfavourable weather conditions under which the crop was grown, the  industry regulator has said.

Vaya launches shuttle service with week-long free rides to ZITF guests

BULAWAYO – Vaya Mobility service, which is now available in all major Zimbabwean cities and towns is taking advantage of the Zimbabwe International Trade Fair (ZITF) to launch its new Vaya Shuttle service by offering free rides to exhibitors, business people and professionals travelling to the Trade Fair by air.

Zesa to cut power at Kariba by 59pc

Zesa Holdings will need to drastically reduce power output at anchor power station, Kariba South by 58,7 percent, after the Zambezi River Authority (ZRA) cut water allocation for electricity generation by 2 percent to 36 billion cubic metres. 

The day Mthuli Ncube was misquoted

Mthuli Ncube did not say new currency in 12 months.

‘Expedite RTGS$30m for looted firms’

The Confederation of Zimbabwe Retailers (CZI) wants Government to expedite modalities of disbursing the RTGS$30 million facility designed to bail out distressed firms, including those that were looted dry by opposition hooligans during the January disturbances.

World Bank happy with reforms progress

The World Bank says Zimbabwe is making good progress towards reforms as the country strives to achieve a double digit figure in the ease of doing business rankings.

Industry gets 80pc fuel needs

Industrialists say fuel availability has improved “significantly” in the last few months since Government took the bold decision to adjust the price upwards, with indications that the manufacturing sector is getting up to 80 percent of fuel for their operations without hassles.

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