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Zims hold on to the US dollar

October 17 2017 – FOREIGN currency cash transacted in July was $USD 101,82 million down from $334,61 million in April, showing more people are increasingly holding on to the greenback, latest, statistics from the central bank have shown. This also comes as banks have stopped giving out withdrawals in dollars and are only availing coins and in few instances bond ... Read More »

SA fresh produce market agents charged for price fixing

October 11 2017 – THE Competition Commission on Wednesday referred 14 fresh produce market agents and their association, the Institute for Market Agents of South Africa, to the Competition Tribunal for prosecution in relation to charges of price fixing and fixing trading conditions in contravention of the Competition Act. This follows search and seizure operations conducted by the Commission at ... Read More »

Jozi most visited African city

October 10 2017 – SA’s most-populated city, Johannesburg, has emerged as the most popular destination city in Africa in 2016 followed by Cape Town, according to the annual Mastercard Global Destination Cities Index released on Tuesday. The Mastercard Global Destination Cities Index showed that Johannesburg welcomed 4.57 million international overnight visitors in 2016, a 24 percent increase on the previous ... Read More »

No randificiation after Mugabe SA visit

October 6 2017  – AFTER  social media speculation that Zimbabwean president Robert Mugabe and his SA counterpart President Jacob Zuma would ease Zim’s cash crunch by introducing the rand, RBZ governor has again thrown cold water on the idea. Speaking to Zimbabwean newspapers after Mugabe’s just ended visit to SA for the second session of the South Africa-Zimbabwe Bi-National Commission (BNC), ... Read More »

SA, Zimbabwe push for one stop Beitbridge border post

October 3 2017 –SA and Zimbabwe must implement their 2009 agreement aimed at cutting the massive delays characteristic with the Beitbridge border post by having a one-stop border post at the busy international gateway, says SA president Jacob Zuma. “This border post is the busiest border post on the continent. Much of our goods and services go through it. We ... Read More »

Tshwane extends A Re Yeng bus service

October 2  2017 – THE City of Tshwane will be expanding  its A Re Yeng bus service int SA’s capital city’s high density areas in a bid to provide a safe, affordable, accessible and reliable transport system, says Mayor Solly Msimanga on Monday (today). “It has always been our desire to provide transport services to high density areas that do not have ... Read More »

SA sheds off 34 000 jobs

September 28  2017 –  THERE has a loss of 34 000 jobs in SA’s formal non agricultural sector, which could be a blow to millions of Zimbabweans, who facing a economic meltdown at home, migrate to Mzansi for employment. According to a StatsSA Quarterly Employment Survey released today,  these jobs were lost in the second quarter of 2017 in  SA’s  ... Read More »

Shortages caused by Zanu-PF internal enemies – Mugabe

September 26 2017 – PRESIDENT  Robert Mugabe has accused some members of his own party of causing shortages in a bid to trigger a revolt against his government.Mugabe said this while addressing thousands of supporters  at  Harare International Airport  who were there to welcome him home from New York, where he attended the UN General Assembly. “These are saboteurs, who want ... Read More »

Zanu-PF lawmaker calls for RBZ ouster over Zim cash crisis

September 25 2017 – A Zanu-PF lawmaker has reportedly urged President Robert Mugabe to fire Zimbabwe’s central bank governor John Mangudya, as the cash crisis continues to grip the country, with bond notes losing value rapidly on the parallel market. According to The Standard newspaper , the Harare south MP, Shadreck Mashayamombe said that the ruling party risked losing the ... Read More »

Africa has great business potential – Trump

September 21 –  THERE is great potential in Africa, says US President Donald Trump at a working lunch with African leaders at the 72ndSession of the UN general assembly (UNGA) in New York. Leaders from Côte d’Ivoire, Ethiopia, Ghana, Guinea, Namibia, Nigeria, Senegal, Uganda, and South Africa were told that he foresaw partnerships between the US and Africa for promoting prosperity and ... Read More »

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