Dollar nears 10-week high before U.S. GDP data

LONDON – The dollar hovered near a 10-week high on Friday as investors waited to see if U.S. economic growth figures do anything to interrupt its months of strength.

Rand weakens on Moody’s comments; stocks down

JOHANNESBURG – South Africa’s rand weakened on Friday, after ratings agency Moody’s says the country’s fiscal outlook a credit negative.

UZ study shows most Harare kombi drivers are ‘blind’

Sifelani Tsiko HARARE – There is a high incidence of myopia or short – sightedness among most commuter omnibus drivers in Harare something which has resulted motor vehicle accidents, injuries…

Employees hit by RioZim’s temporary closures

Blessings Chidakwa KADOMA – Zimbabwe Stock Exchange-listed mining giant RioZim has temporarily stopped operations amid fears of a total shutdown putting the livelihoods of more than 2 000 employees in jeopardy.

Econet restructures Kwese TV

Pauline Mhuka-Magavu HARARE – The Econet Group has announced that streamline its direct-to-home satellite television service – Kwese TV.

Five questions (and answers) about casual employment

Jeff Borland Right now, it seems as if everyone’s talking about casual work. Claims about what is (or is not) happening to casual employment are at the fore in debates…

World shares roar higher on U.S.-China trade deal hopes

  LONDON – World share markets roared higher on Friday as hopes built that the United States and China were starting to repair their badly damaged trade relations.

SA rand, bonds firmer as risk appetite improves

JOHANNESBURG – The South African rand extended its gains against the dollar in early trade on Friday and government bonds firmed as investors moved back into riskier assets, ahead of…

Zim govt moots rescue fund for distressed firms

HARARE – The Zimbabwe government is  considering setting up a special fund to assist distressed manufacturing  companies  retool and boost their productivity, Parliament heard on Thursday.

OSAZ earmarks $10 million for irrigation development

Kudakwashe Mhundwa HARARE – The Oil Seed Association of Zimbabwe has earmarked $10 million for irrigation development which is aimed at improving productivity on small holder farmers across the country.