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Zims in SA pledge to invest back home

January 13 2018 – AFTER Zimbabwean President Emmerson Mnangagwa addressed a highly subscribed business indaba in Pretoria, South Africa recently , to lure Zimbabwean businesspeople there , a firm with a net worth of R100 million (US$8,1 million), is already working towards investing back home. ALW Investments, a multi-disciplinary small to medium enterprise, has interests in construction, engineering and facilities ... Read More »

New social chat group app for Zims launched

January 10 2018 – ZIMBABWEAN technology experts have introduced Wangu, a social chat application that connects Zimbabweans worldwide and makes linking with friends and discovering local content and information easier, more fun and culturally relevant. Wangu allows users to find and connect with Zimbabweans nearby, whether in Harare, Johannesburg or Tokyo. Wangu was created and co-founded by Farai Mundangepfupfu – ... Read More »

Bids to buy loss making Zim parastatals opened

January 04 2018 – ZIMBABWE has invited bids for stakes in up to eight loss-making state-owned enterprises, including its national airline and power utility, to help plug a ballooning budget deficit, its deputy finance minister said on Wednesday. President Emmerson Mnangagwa, who took over from Robert Mugabe two months ago, is under pressure to deliver on his promises to ease ... Read More »

Zim SA Forum to invest US$800m in Zimbabwe

December 28 2017 – DIASPORANS, through the Zimbabwe-South Africa (Zim-SA) Forum, plan to invest about $800 million in the country, targeting agriculture, aviation and mining sectors following last week’s visit to South Africa by President Emmerson Mnangagwa, who met the business community in that country during an oversubscribed luncheon that was organised by the Zimbabwean Embassy. Air Zimbabwe is likely ... Read More »

Vast mines’s revenues in Zimbabwe and Romania go up

December 27 2017 – MINING group Vast Resources says its revenue rose five percent to $US 14.9 million in the half year to September 2017 from its two operational mines in Romania and Zimbabwe. The company also reported a 45 percent decrease in overhead expenses to $2.5 million and a loss before taxation of $US12.6 million compared with a profit ... Read More »

SA economy deeply troubled

December 12 2017 – SA considered by most Zimbabweans as a better option for jobs and opportunities is itself facing deepening problems with the the Steel and Engineering Industries Federation of Southern Africa (Seifsa) saying on Tuesday that its employment statistics showed signs of a “deeply troubled economy” and was a serious cause for concern. This comes after Statistics SA ... Read More »

Price increases persist in Zim

December 11 2017 – INDUSTRY, Commerce and Enterprise Development minister Mike Bimha says he is saddened by persistent price increases obtaining in the country, despite several recommendations done by an interministerial task force to resolve the problem. Speaking at the Zimbabwe National Chamber of Commerce business review conference recently, Bimha urged industry players to desist from unwarranted price hikes. “This ... Read More »

Chinamasa budget cuts down on govt expenditure

December 08 2017 ‑ FINANCE and Economic Development Minister, Patrick Chinamasa, on Thursday, said he would cut government expenses in the new year in line with efforts to grown the country’s economy and streamline costs. Presenting the US$5.743 billion 2018 national budget in Parliament, Chinamasa said government was working on a raft of changes, among them retiring people in the ... Read More »

Bird flu to increase price of SA eggs

December 7 2017 – THE price of eggs is set to increase further after a significant jump in the past few months, owing to the outbreak of the Avian Influenza during 2017, says FNB. The bank’s senior agricultural economist at FNB Business, Paul Makube, says that the impact of bird flu on South Africa’s consumer was likely to see egg ... Read More »

SA business confidence goes up

December 6 2017 – BUSINESS confidence in South Africa was up slightly in November, reflecting an anticipation of more conducive economic conditions, a survey showed on Wednesday (today) . The South African Chamber of Business and Commerce (SACCI) said its monthly business confidence index rose to 95.1 in November from 92.9 in October. South African businesses had taken heart from ... Read More »

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