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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 »

SA records trade surplus

November 30 2017 – SA recorded a trade surplus of of R4.56 billion in October, after a surplus of R4.48 billion rand in the previous month, the revenue service said on Thursday. The South African Revenue Service (SARS) said the surplus was a result of export receipts of R104.51 billion against imports of R99.95 billion. “Exports increased from September 2017 ... Read More »

Medical aid fraud rises

November 20 2017 – MEDICAL aid societies are incurring huge losses through fraud, a phenomenon blamed on the lack of specific laws designed to deal with healthcare fraud in the country. In discussions and presentations at the Healthcare Fraud Indaba in Harare on Thursday it was noted that medical aid societies were incurring huge losses through fraud. There was general ... Read More »

SA and DRC to remove trade barriers

November 11 2017 – SA and the Democratic Republic of Congo (DRC) have committed to remove hurdles that hinder business interactions between business people of the two countries, the trade and industry department (dti) said on Saturday. The agreement and commitment emanated from discussions held during this week’s Investment and Trade Initiative (ITI) seminar, organised by the dti and hosted ... Read More »

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