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SA domestic tourism falls

September 4  2017 – DOMESTIC tourism within South Africa has declined over the past two years because of economic hardships, the Domestic Tourism Survey 2016 (DTS 2016) released by Statistics South Africa on Monday shows. According to the survey, the total number of day trips undertaken within the country decreased from 44,3 million in 2015 to 39,4 million in 2016. Overnight trips ... Read More »

Zimra to electronically track cargo

August 31  2017 ‑ ZIMRA  has started tracking cargo coming into and out of the country in a bid to curb transit fraud and cut down on cargo diversions. “The Zimbabwe Revenue Authority (Zimra) is kindly advising members of the public that Zimbabwe has implemented an electronic cargo tracking system to monitor the movement of transit cargo,” the tax collector ... Read More »

Broken SAA reduces flights, dumps routes

August 28 2017 –  SA national carrier SAA is dumping routes, reducing flights and getting rid of some of its airplanes – all in a desperate bid to stay aloft. Sources familiar with the plan to try to rescue the airline have told City Press’ sister newspaper, Rapport, that: • The airline will reduce flights on its profitable Johannesburg-Cape Town ... Read More »

Rand devaluation to continue

August 27 2017 – THE  rand will continue to devalue as SA is not attracting long-term “sticky” capital, says , managing director of forex and international projects at Sable Group, Andrew Rissik. “Recent rand strength is in line with the emerging markets peer group, but in the light of state capture (revelations) I think we will again see a lot of ... Read More »

SA poverty levels increasing

August 22 2017  –WHILE most Zimbabweans continue to flock to SA, or seek to have their stay extended in SA, or streets of gold, statistician-general  Pali Lehohla says the number of poor people in Mzansi has increased dramatically, with poverty becoming more intense. Releasing the Poverty Trends in SAa report in Pretoria, Lehohla said the low economic growth and the ... Read More »

New Development Bank to benefit Africa – Zuma

August 17  2017  –THE  New Development Bank (NDB) was set to benefit infrastructure projects on the African continent as a whole, and having a permanent regional centre showed commitment to that undertaking, says President Jacob Zuma. Speaking at the launch of the African Regional Centre of the NDB in Sandton, Zuma says “We are therefore happy to know that the ... Read More »

SA’s Transnet to recapitalise NRZ

August 13 2017  – SA’s logistics group Transnet has won a bid to recapitalise the government-owned National Railways ofZimbabwe (NRZ) with $US 400 million, says  NRZ board chairman Larry Mavhima recently. Larry Mavhima said the financially struggling NRZ will this  week begin contract negotiations with Transnet, which made the bid jointly with Diaspora Infrastructure Development Group, a consortium of Zimbabwean ... Read More »

FastJet introduces Harare Lusaka flights

August 11 2017- AIRLINE , FastJet has introduced flights between Harare and Lusaka, with the first flight scheduled for 13 November 2017. The additional route is the fifth Zimbabwean route for fastjet as the airline celebrates its second anniversary in the country and fifth brand birthday this year.  Two weeks ago, fastjet also reintroduced its Victoria Falls Johannesburg route while ... Read More »

SA unemployment remains high

 August 7  2017 – THE unemployment rate for the second quarter of 2017 has remained unchanged at 27.7 percent quarter-to-quarter, but increased by 1.1 percentage points year-on-year, Statistics South Africa (StatsSA) said on Monday.  StatsSA released the results of the Quarterly Labour Force Survey (QLFS) on Monday, which indicated that employment in the second quarter of 2017 declined by 113 000 to approximately 16.1 million.  ... Read More »

Zim suspends import duty on soyabeans

August 06 2017 – THE Zimbabwean Minister of Finance, Patrick Chinamasa,  has suspended duty on hydrogenated soya bean oil for a year with effect from July 1, 2017, according to the government gazette. Hydrogenated soya bean oil is used to produce margarine, cooking oil, salads. So far, Olivine Industries  is the only approved hydrogenated soya bean oil importer to benefit ... Read More »

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