South Korea’s LG to hike washer prices in U.S. after tariffs

CHICAGO – LG Electronics Inc will raise prices of most of its washing machines in the United States, the South Korean company said on Wednesday, two days after the Trump…

South Africa needs a fresh approach to its stubbornly high levels of inequality

By Edward Webster, David Francis & Imraan Valodia It is widely accepted that South Africa is one of the most unequal societies in the world – the top 10% of…

All Share Index rebounds

HARARE – The Zimbabwe Stock Exchange’s All Share Index rebounded by 0.27 points (or 0, 30 percent) to close at 91.47 as Meikles gained a significant $0, 0350 to close…

Design global, manufacture local: a new industrial revolution?

Vasilis Kostakis & Jose Ramos What if globally designed products could radically change how we work, produce and consume? Several examples across continents show the way we are producing and…

All six units at Hwange Power Station now firing

HARARE – Hwange Thermal Power Station on  Tuesday started generating power using all of its six units, after unit  six, which had been offline for a number of years, came…

NRZ woes affect coal supplies to tobacco farmers

Elita Chikwati HARARE – The majority of the country’s tobacco growers are still relying on firewood to cure their crop as the alternative fuel – coal – has become difficult…

Asia shares take a breather, dollar sold anew

SYDNEY – Asian share markets took a time out on Wednesday as investors were left breathless at the breakneck pace of recent gains, while a fresh burst of speculative selling…

South Africa’s rand steadies at 2-1/2-year high, stocks set to open flat

JOHANNESBURG – South Africa’s rand steadied against the dollar early on Wednesday, holding at a two-and-a-half-year high, supported by a weaker greenback and expectations the new leader of the ruling…

Rand steadies as dealers await fresh local news

The rand held broadly steady on Tuesday morning, but stayed within touching distance of the symbolic R12/$ level, which represents the best level in two-and-a-half years. The local currency is highly…

Govt debt to fuel suppliers impacting supply – Energy Minister

HARARE – Government owes fuel suppliers a substantial amount of foreign currency, a situation which at times disrupts supplies, Energy and Power Development Minister Simon Khaya-Moyo said on Monday.

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