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Most South Africans are broke by mid-month

JOHANNESBURG – Most South Africans are broke by mid-month. This is according to a survey commissioned by Tyme Bank. The survey was conducted by World Wide Worx. READ: Where do South Africa’s... Read more »

Zim’s year on year inflation doubles

Zimbabwe’s annual inflation has almost doubled to a new 10-year high of 175.66% in June, official data revealed. This is after a sharp rise in prices of basic goods and a recurrent... Read more »

Struggling KWESE TV put under administraion

African pay-TV operator Econet Media has put its struggling satellite broadcasting business under administration, it says. Joseph Hundah, Econet Media’s CEO, said Econet’s pay-TV company, which operates under the “Kwese” brand name,... Read more »

Picture Blast- Fake Bond Notes Flood Harare Streets

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Bread shortages hit Harare again

…Bakeries propose RTGS$6-7 price BAKERIES have cut down on bread production amid shortage of wheat and a massive hike in flour prices following the withdrawal of government support on forex. Most shops... Read more »

Another Byo company closes

BULAWAYO textile manufacturing firm, National Blankets (Pvt) Limited, has been liquidated following years of poor performance and failure to find a good investment suitor in yet another blow to the city’s industrial... Read more »

Energy worries mount

Zimbabwe owes foreign fuel suppliers, including Glencore, Total and Trafigura $200-million, which has made new imports difficult as companies require cash up front, the energy minister and central bank governor announced on... Read more »

ZIM sells a dummy

The collateral for African Export-Import Bank’s $500 million loan to Zimbabwe is a mine that hasn’t been dug yet, sources have revealed. The loan, which will be paid over four years when... Read more »

Tobacco sales hit 100m kg mark

The 2019 tobacco sales have hit the 100 million kilogramme mark as farmers continue to deliver their crop for marketing. Deliveries have been improving with the variance in volumes declining from around... Read more »

Zim economy locked in a tailspin as trade deficit decline further

Zimbabwe’s trade deficit dropped by 90 percent to US$22.1 million (R311m) in February 2019 with analysts attributing the decline to foreign currency shortages. Figures released by the Zimbabwe Statistics Agency (ZimStat) show... Read more »