Efforts to get South Africa’s economy moving are no more than a patch up job

By Owen Skae Its obvious that the South African government approached the 2018 budget from an extremely tight spot and with limited options. The country has been staring at the…

Asian stocks gain, dollar extends recovery

TOKYO – Asian stocks gained on Wednesday, while the dollar advanced as traders near-term focus shifted to the minutes of the Federal Reserve’s last policy meeting for hints on the…

ZCDC yet to pay DTZ-OZGEO creditors

Tawanda Musarurwa HARARE – The Zimbabwe Consolidated Diamond Company (ZCDC) is yet to fulfill its pledge to pay former diamond firm DTZ-OZGEO.

Zim conducts first diamond sale

HARARE – Zimbabwe has resumed diamond  sales, a year after they were suspended to allow the new sole miner to  put in place effective security, control and marketing systems, a…

Govt dismisses Zimparks board

HARARE – Government has, with immediate  effect, dissolved the Zimbabwe Parks and Wildlife Management Authority  board for failing to uphold  good corporate governance principles.

Local bourse ends week on a low

HARARE – The Zimbabwe Stock Exchange’s All Share index came down a further 0.22 points to settle at 88.29 as insurance giant Old Mutual shed $0, 1000 to close at…

Why mobile money interoperability in Zim has been difficult

Tawanda Musarurwa With the Zimbabwean Government soon to compel local telecommunications operators to ensure interoperability across the telecoms systems, Business Weekly looks into why it has taken so long.

Asia shares rebound as fidgety U.S. rate fears shift again

SYDNEY – Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the dollar ticked higher as…

ZSE leads African stock markets

Kudzanai Sharara The Zimbabwe Stock Exchange seems to be the only African stock market where bears have set in, with the bulk of the other equity markets currently trading in…

Rand slightly lower as focus turns offshore

Johannesburg. — The rand slipped slightly yesterday morning, a day after the budget, which may have bought SA enough time to dodge another credit-rating downgrade bullet.

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