South Africa’s CPI slows to 4.9 pct year/year in August

JOHANNESBURG – South Africa’s headline consumer inflation slowed to 4.9 percent year-on-year in August from 5.1 percent in July, data from Statistics South Africa showed on Wednesday.

Ammonium sulphate plant for Bikita

Walter Mswazie MASVINGO – Government has announced plans to set up an ammonium sulphate plant in Bikita in development that will see the country saving in excess of $50 million…

Govt moves to stabilize forex markets

Tawanda Musarurwa HARARE – The Government has negotiated several foreign currency facilities that are set to improve the foreign currency shortages in the country, as well as curb parallel forex…

Why inquiry into corruption in South Africa needs to act with urgency

Richard Calland A commission of inquiry into corruption in South Africa is underway. How it goes about its work, and delivers on its mandate, will have profound constitutional and political…

China says Trump forces its hand, will retaliate against new U.S. tariffs

BEIJING/WASHINGTON – China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties…

Rand gains after dollar’s tariff falter

JOHANNESBURG – South Africa’s rand gained early on Tuesday as broad dollar weakness supported investor appetite for riskier assets after Washington imposing additional tariffs on Chinese imports.

British fund Gemcorp extends $250m loan to Zimbabwe

HARARE – London-based emerging market fund Gemcorp Group said on Monday it had extended a $250 million loan to Zimbabwe to help the country import essential goods like electricity, fuel…

CZI Congress to map out economic recovery

Enacy Mapakame HARARE – Industrialists have their work cut out as they converge in Bulawayo next week for the Confederation of Zimbabwe Industries (CZI) annual congress where they are expected…

Firms seek licence for 60MW power projects in Masvingo

George Maponga MASVINGO – Two private companies have formally applied to the Zimbabwe Energy Regulatory Authority (ZERA) for a licence to build two power generation plants at Tugwi-Mukosi Dam in…

Zim inflation rises to 4,83pc in August…as month-on-month inflation declines

Tawanda Musarurwa HARARE – Zimbabwe’s annual inflation rate rose 0,54 percent to 4, 83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show.

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