Finance Minister Mthuli Ncube expects to raise US$350 million from selling majority shares in state-owned telecoms assets, a plan that includes selling fixed line and internet provider TelOne and mobile operator NetOne as a single entity.
PPC says Zimbabwe’s new currency measures are “positive” and may eventually help the company repatriate its funds from the country. The cement maker needs to repatriate US$16 million in dividends and US$5 million from rights...
You can always trust Cyril Ramaphosa to send coded messages to his comrades in Zimbabwe. In 2016, at the Zanu-PF annual conference in Masvingo, in a “solidarity speech” on behalf of the ANC, he said liberation movements...
Zimbabwe’s trade tariffs and millions owed to South African companies weighed on talks between the two countries at their binational commission which ended Tuesday. Zimbabwe lifted import restrictions under Statutory Instrument 122 in October last...
The Confederation of Zimbabwe Industries (CZI), the country’s largest and most influential business grouping, says the recently introduced interbank forex market has not performed up to expectations. CZI, in their response to the...
South Africa and Zimbabwe are considering expanding an existing R100 million facility and could extend private loans to Zimbabwean companies, some of the few options available to help Zimbabwe in the absence of the large cash injection...
Zimbabwe’s new currency reforms are a “step in the right direction” towards solving market distortions, but they have to be backed up by prudence on the fiscal side and market-driven interest rates, the International Monetary Fund (IMF)...
Sardonic Zimbabweans have a joke for every crisis. One of the many crisis-fueled wisecracks goes: What’s the best time to fill up your fuel tank? Answer: “When...
On Monday, Reserve Bank of Zimbabwe governor John Mangudya appeared before Parliament’s Public Accounts Committee, where he testified that his strategy to assume over $1 billion in bad bank loans had saved the economy from collapse. In...
Parliament’s Public Accounts Committee (PAC) has ordered the Reserve Bank of Zimbabwe (RBZ) to submit a list of all 1,016 beneficiaries of the central bank’s non-performing loan bail-out scheme within the next two weeks.
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