Zimbabwe rebases data, GDP up 40%; economist calls it ‘deception’

Zimbabwe’s statistics agency has rebased some of its economic statistics, in an unexpected move that the finance minister said on Friday had increased the nominal size of the struggling...

Inside Mthuli Ncube’s new blueprint: New, or the same old?

Finance Minister Mthuli Ncube has announced a plan to cut Government spending and to raise revenue, as part of a new policy, the Transitional Stabilisation Programme (TSP), which will...

Australian firm Prospect increases investment in Zim lithium mine

ASX-listed Prospect Resources has increased its ownership of the Arcadia lithium mine in Zimbabwe from 70% to 87%. Prospect has begun construction at the site, near Harare, at a cost...

Govt spending shock: where did the billions go?

IN his first address as president last November, Emmerson Mnangagwa promised to focus on economic recovery and to “shed misbehaviours and acts of indiscipline which have characterised the past.” But,...

TelOne launches video-on-demand service

TELECOMMUNICATIONS firm, TelOne, launched its video on demand service on Wednesday, as it pursues a diversification strategy away from its traditional voice offering. TelOne has partnered South Africa’s Discover Digital...

Cabinet okays Mthuli’s austerity and reform plan

FINANCE Minister Mthuli Ncube will this week announce details of a transitional plan to stabilise the economy by targeting government expenditure, the civil service, state enterprises and tax reform. The...