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Telecel in negotiations to regain licence

HARARE – TELECEL Zimbabwe, which is currently embroiled in a legal battle with government over the cancellation of its operating licence, says it has started negotiations with the government to resolve the impasse, an indication that it could get its licence back. In April government cancelled the company’s licence saying it had failed to comply with local ownership regulations despite ... Read More »

Zims in SA contribute more than half of Diaspora remittances

OFFICIAL trade statistics between Zimbabwe and South Africa show that Zimbabwe imported $2.5 billion worth of goods from South Africa in 2014, and exported goods worth about $170 million to the neighbouring country. Analysts believe Zimbabwe has the capacity to turn around the trade deficit with South Africa if it can revive its manufacturing sector and start producing more goods. ... Read More »

SARS records high record of returns as new tax season starts

PRETORIA –  A RECORD number of South Africans submitted their income tax returns on day one of tax season, the country’s revenue service has said. At the close of business on (last) Wednesday, 171 568 tax returns had been submitted. “This is even more significant and encouraging if one considers that the threshold for submitting an income tax return this ... Read More »

Bringing Zim’s exotic veggies to South African dinner tables

JOURNALISTS are hardly known to turn into entrepreneurs, but Zvishavane born Peter Moyo, has done the unusual and swapped the pen for the business world breaking into SA tourism industry and into running a farm that provides exotic vegetables, not normally eaten by South Africans. Moyo has embarked on a mission to introduce traditional Zimbabwean (and other parts of the ... Read More »

FlyAfrica increases flights between Jozi and Harare for cheaper

HARARE-  BUDGET  airline Flyafrica  said it will introduce a second daily flight between Harare and Johannesburg from  the end of  this month  as part of its expansion strategy for its low cost business model and cut prices by 25 percent for the route. “This is another milestone both for our airline and for Zimbabwe,” said the chief executive, Chakanyuka Karase. ... Read More »

SA to get shock fuel price increase

JOHANNESBURG - FUEL  prices may jump by as much as two Rand a litre at the beginning of April, warns the Automobile Association’after the Central Energy Fund’s preliminary mid-month data showed that South African motorists are set to be battered by high international petroleum prices and the Rand’s continuing decline against the US dollar. “The Rand has lost nearly ten percent ... Read More »

Mukuru launches SA to Botswana money transfer service

CAPE TOWN - Mukuru has launched money transfers from South Africa to Botswana, entering a  corridor, which has been traditionally dominated by South African banks ”Senders had to pay high transfer costs and recipients had also had to wait days before the money was available to them,” says Mukuru  marketing manager Michael Cook. Cook says Mukuru’s service is ” simple, quick ... Read More »

Thousands of Gauteng shebeens face closure

JOHANNESBURG – THOUSANDS  of shebeens across Gauteng face closure being  if they don’t verify the details of their trading licences by the end of next month. Shebeens play an essential role in South Africa’s economy, raking in millions in both the formal and informal economies. But nearly 10 000 of these establishments  could be forced to close shop if they ... Read More »

Driving in Zim to cost more as govt increases number of tollgates

  BULAWAYO -Zimbabwe’s transport minister says he has “no choice” but to more than double the number of tollgates on the country’s dilapidated roads, state media reported on Thursday. Obert Mpofu said that repairing Zimbabwe’s roads network “requires money that Treasury doesn’t have”, the state-owned Chronicle newspaper reported from Bulawayo. Mpofu, a former mines minister, told a workshop in Bulawayo ... Read More »

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