Japan awards Zim $21m grant for Chirundu highway stretch upgrade

HARARE – The Japanese government on Tuesday  gave Zimbabwe a $21 million grant for the upgrade and rehabilitation of  a 6.5 kilometre stretch of the Makuti-Chirundu highway.

S-China trade spat wipes $57B from top mining stocks in fortnight By Frik Els

 Mining and metals stocks came in for more punishment on Tuesday as the trade spat between the US and China escalated amid a war of words between Washington and Beijing.

World shares snap five-day losing streak on China policy easing

LONDON – World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact…

South Africa’s 2018 GDP growth expected to hit 1.7 pct in 2018

 JOHANNESBURG – South Africa’s economy is expected to recover from a poor start this year, rescued by stronger growth in the rest of the world, a Reuters poll found on Wednesday.

Local government in South Africa is in crisis. How it can be fixed

By Dirk Brand Most of South Africa’s 257 municipalities are in a disastrous financial position. According to the country’s Auditor General, only 33 (13%) are in full compliance with the relevant…

Trump ratchets up China trade conflict with fresh tariff threat

WASHINGTON/BEIJING – U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade…

South Africa’s rand falls to 6-1/2 month low as global trade war escalates

JOHANNESBURG – South Africa’s rand fell to 6-1/2 month lows early on Tuesday as U.S. President Donald Trump threatened new tariffs in an escalating tit-for-tat trade war with China, hitting sentiment in…

Foreign investors eyeing Zimbabwe

HARARE – There has been increased interest in Zimbabwe from investors following the new political dispensation, but the country still has a long way to play catch up with regional…

Fastjet boost flights on Harare-Vic Falls route

HARARE – Regional airline Fastjet says it will increase flights between the Harare and Victoria Falls route as it eyes an 85 percent growth on the route.

Tobacco farmers earn $574m

Livingstone Marufu— HARARE – Tobacco farmers have grossed $574,5 million from 197,3 million kilogrammes that have been delivered 59 days into the 2018 marketing season, a gain of more than…

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