Breaking News

General Business

Pain at the fuel pump as prices increase next week

JOHANNESBURG – THE price of petrol, diesel, paraffin and liquefied petroleum gas (LPG) will increase next week, the energy department  has said . The increase would come into effect on Wednesday. Petrol would go up by 96 cents, diesel by 74 cents, paraffin by 73 cents and LPG by R1.54. “The main reason for the fuel price increases is the ... Read More »

RBZ relaxes forex regulations as Diaspora remittances rise

HARARE – Zimbabwe received $US840 million last year from the Diaspora compared to $US790 million in 2013, boosting the country’s income while the central bank has relaxed laws governing foreign currency dealers. In his monetary policy statement on Wednesday, central bank governor John Mangudya announced new foreign exchange regulations aimed at boosting Diaspora revenue would come into effect from April ... Read More »

Too early to celebrate drop in SA unemployment rate warns COSATU

JOHANNESBURG  - IT IS too early to celebrate the drop in South Africa’s unemployment rate in the fourth quarter of 2014, Cosatu said on Tuesday although it said it  was  happy  to hear about the drop of unemployment  –  from  25.4% to  24.3 %, in the third quarter of 2014 “While any reduction in the number without work is welcome, the ... Read More »

Edgars SA to retrench workers

Edgars at a Soweto Shopping Centre PHOTO:Reuters

JOHANNESBURG -SOUTH African retailer Edcon launched a cost-cutting plan that may include jobs cuts, it said on February 3, 2015 as the debt-burdened company tries to save money to pay down debt. “This process may result in a reduction of headcount within Edcon’s head office. We cannot confirm numbers as yet,” the company said in statement. -Reuters   Read More »

UN puts Zim unemployment at 5%

JOHANNESBURG -Zimbabwe’s unemployment rate is 5.42 percent, the United Nations said on Tuesday.Unemployment rates in Zimbabwe are often reported to be between 80 and 90 percent, but these rates did not take into account the vast numbers of people in informal employment. According to a chart published by the International Labour Organisation (ILO), a UN agency, on its website Zimbabwe’s ... Read More »

Zim follows SA’s lead and orders fuel price slash

HARARE – GOVERNMENT has ordered all fuel dealers to reduce fuel prices by at least 20 cents by next week following a massive 60% drop in the prices of oil on the international market. Energy minister Samuel Undenge announced the directive saying the reduction should be done not later than Wednesday next week. Addressing journalists in the capital, Undenge said ... Read More »

Record fuel price decrease for SA tomorrow

JOHANNESBURG – THE record drop in the price of all grades of fuel and diesel will give deeply indebted consumers an opportunity to reduce their debt load and start saving for a rainy day. The largest petrol price drop yet scheduled for Wednesday will see 95 octane petrol drop by R1.23 a litre while 93 octane will decrease by R1.27 ... Read More »

Zim unveils new coins

Harare – ZIMBABWE’s  today  unveiled four new coins in what some locals speculated was an attempt to test the waters ahead of a possible return of the Zimbabwe dollar. The coins, dubbed Bond Coins, are in denominations of one, five, 10, and 25 cents. They will be released into circulation on 18 December, the state ZBC radio reported. Their value ... Read More »

Air fares to go down, thanks to oil slump

GENEVA -FLYING could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices. Carriers are forecasting record profits for 2015 thanks to cheaper fuel and rising demand. As a result, they expect to cut the average ticket price by 5 percent in 2015, excluding surcharges and taxes. That ... Read More »

Zim to launch SA produced coins on December 18

HARARE – Zimbabwe will issue a set of special coins this month to alleviate the shortage of change caused by the use of US dollars in place of Zimbabwe dollars in 2009. But  the country’s central bank says it  has no plan to reintroduce the Zimbabwe dollar in the near future. This set of coins, including one cent, five cents, ... Read More » • Free Website Templates - Downlaod Full Themes
error: Content is protected !!
Visit Us On TwitterVisit Us On FacebookCheck Our Feed