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Chamisa to peg Zim currency to rand

June 11 2018 – ZIMBABWE’s main opposition leader Nelson Chamisa has vowed to revive the country’s moribund economy and introduce a new currency pegged to the South African rand if he is elected next month. Zimbabwe’s economy has been on a downturn for more than a decade, suffering low growth, high unemployment and a severe liquidity crisis that has seen ... Read More »

SA ‘s rand tumbles to an all time low

JOHANNESBURG. — South Africa’s rand slumped more than 2 percent to a near six-month low against the dollar and government bonds weakened sharply last Friday, dragged down by weak economic growth and investors shying away from riskier assets. The rand traded at 13.2400 per dollar, 1,7 percent weaker than its close on Thursday, after earlier falling more than 2 percent ... Read More »

Zim civil servants pay hike not enough as economy falters

June 3 2018 – WHEN The Zimbabwean government this awarded civil servants a 15 percent salary increase, this month, there was pomp and fanfare but it was short-lived when basic commodity prices shot up as businesses sought to cushion themselves against losses. It’s frustrating for Stanley Moyo‚ an economics teacher with 5 years’ experience. When he saw a relatively fat ... Read More »

Google launches competition to improve SA communities

May 28 2018 – SEARCH and internet giant Google has for the time in SA launched the Impact Challenge in South Africa, aimed at non-profit and social organisations to create economic opportunities in their communities. Organisations have until July 4 to apply with their proposals. Winners get access to Google.org funding and mentorship. “The Challenge asks local innovators how they ... Read More »

SA’s to open first cannabis oil selling centre

May 21 2018 – SA’s first healthcare centre that will be selling cannabis oil is due to open in Durban. Investor and activist Krithi Thaver says they want to showcase the medicinal benefits of cannabis oil while lawmakers are mulling over the issue. The holistic healthcare centre is also a response to the mushrooming of so-called kitchen pharmacists. This was ... Read More »

Relief for SA data consumers

April 29 2018 – IN A development that is likely to bring relief to oversharged SA, cellphone users, the Independent Communications Authority of SA says service providers MTN‚ Vodacom and Cell C must provide an option to roll over unused data‚ ending the frustration of customers losing unused data after 30 days. Icasa councillor, Bontlenyana Mokhele says the new regulations ... Read More »

ZITF kicks off

April 25 2018 – THE Zimbabwe International Trade Fair (ZITF) got underway in Bulawayo with an increased participation by both local and foreign exhibitors. Running under the theme: ‘Sustainable Industrial Development: Inclusive, Competitive, Collaborative,’ this year’s trade fair has seen a 40% increase in exhibitors with indications that the Zimbabwe is open for business mantra by the new political dispensation ... Read More »

SA community radio stations face closure

April 20 2018 – THE National Community Radio Forum wants the Communications Minister to intervene in a stalemate between community radio stations and signal distributor, Sentech. Community radio stations nationwide face a shutdown for owing Sentech R33 million. In the Free-State Karabo and Mozolo FM are already off air. “The people that are working here have been affected because as ... Read More »

Masiywa makes it on Forbes 2018 list

March 25 2018 – SOUTH outh African mining mogul, Patrice Motsepe, American president Donald Trump and Zimbabwean telecommunications entrepreneur, Strive Masiyiwa, have all made it onto ‘The World’s Billionaires’ 2018 list published by Forbes. This elite group of 2,208 billionaires from 72 countries and territories are worth $9.1 trillion, up 18% since last year. While Motsepe and Trump have been ... Read More »

MTN prepaid customers to pay more

March 27 2018 – MTN prepaid customers are now paying up to an extra 41 cents per minute, as the mobile network’s new prepaid price structure kicks last Friday. MTN’s Pay Per Second customers can now expect to pay R0.99 per minute, both on the MTN network and to other networks, up from R0.79 per minute. MTN Talk Free customers ... Read More »

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