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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 »

Zimbabwean woman arrested for smuggling rhino horns at Jozi airport

August 11 2017 – A ZIMBABWEAN  woman  has been arrested at the OR Tambo International Airport in Johannesburg, for smuggling and the illegal possession of two rhino horns, says the environmental affairs department said on Friday(yesterday) “The 30-year-old  woman was arrested after suspicious items were noticed by private security personnel during scanning of her check-in luggage and reported to customs ... Read More »

McDonald’s to double restaurants in China by 2022

August 08  2017 – FASTFOOD giant, McDonald’s plans to ramp up its China operations by nearly doubling the number of restaurants in the country over the next five years, the US  chain announced on Tuesday. The company plans to grow its number of outlets in China, which boasts the world’s largest population, from 2 500 to 4 500 by 2022. ... 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 »

Price of SA fuel to go up

July 30 – THE price of both 93 and 95 octane unleaded petrol (ULP) and lead replacement petrol (LRP) will increase by 19c/l in August,  says the energy department. The price of diesel 0.05 percent sulphur will increase by 29c/l and the price of 0.005 percent sulphur will increase by 30c/l. “International factors include the fact that South Africa imports both ... Read More » • Free Website Templates - Downlaod Full Themes
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