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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 »

Zim weekday alcohol ban idea to hit companies hard

September 18 2017  – ZIMBABWE’s alcoholic beverage companies Delta Corporation and African Distillers are set to either brace themselves for a fight with the government or face reduced sales amid plans to restrict alcohol consumption in the country. According to The Sunday Mail, the Zimbabwean government’s new National Alcohol Policy is meant to curb sales of alcohol.  The policy proposes ... Read More »

Uber and metered taxi wars threaten SA tourism industry

September 11 2017 –THE violent clashes between metered taxis and rival E-Hailing company, Uber, could deter tourists from visiting South Africa, warns SA  Tourism Minister Tokozile Xasa. On Thursday night metered taxi drivers allegedly torched two Uber cars in Sandton. Uber drivers reportedly retaliated by setting alight a metered taxi in the same area. Xasa said she was concerned over violent ... Read More »

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 »

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