South Africa’s finance minister touted Johnstone Makhubu to take over as commissioner of the nation’s tax agency, according to a person familiar with the matter. The support makes Makhubu a…
The biggest union at South Africa’s Eskom is demanding a wage increase of as much as 15% ahead of negotiations that are set to begin.Advertisements The National Union of Mineworkers, representing about 15 000 employees at the state-owned utility, has submitted demands before the central bargaining forum, according to Khangela Baloyi, energy sector coordinator for…
South Africa’s potato market is experiencing a severe downturn as farmers contend with dwindling returns and prices that are now well below cost. The collapse comes on the back of…
AUTHORITIES say they are going to engage with the banking sector to review bank charges in order to encourage people to use banking services.Advertisements This comes as Cabinet has approved the review and reduction of bank charges, transfer fees to promote banking and licences, in the retail and wholesale sectors in line with business reforms…
THE country’s broad money (M3) stock stood at ZiG96,18 billion in July this year, a decline of 1,18 percent from ZiG97,33 billion recorded in June 2025 according to the Reserve Bank of Zimbabwe (RBZ).The month-on-month contraction in broad money was attributed to decreases of ZiG923,15 million (1,15 percent) and ZiG228,65 million (1,33 percent) in foreign…
Lithium production in the country increased by 73,9 percent to 623.356mt in the second quarter of 2025, the Zimbabwe Statistics Agency (ZimStat) latest data has revealed.In its second quarter of 2025 Index of Mineral Production, ZimStat highlighted that the increase in production is from a first quarter of 2025 production of 358,468 mt.“Lithium production index…
WITH the automotive landscape changing because of the evolving technology and investment into more product research, there is need for strategy and below Mike Whitfield, Managing Director, Stellantis South Africa…
ORGANISERS of the Mining, Engineering, and Transport Expo (Mine Entra) and the AfriConfex events say it is now “all systems go,” with final preparations well advanced at the Zimbabwe International Conference and Exhibition Smart City (ZICES).Advertisements The 28th edition of Mine Entra will run concurrently with the AfriConfex event from today to Friday. Speaking during…
FUEL consumption rose in the first eight months of 2025, with diesel and petrol use reaching a combined 1,34 billion litres, according to data from the Zimbabwe Energy Regulatory Authority (Zera).This indicates growing fuel demand across the broader economy.Diesel usage between January and August reached 885,17 million litres, up from 704,32 million litres in the…
ZIMBABWE’S property sector remains a paradox of growing demand and deep-rooted challenges, characterised by liquidity issues, expensive local currency borrowing, and scarce hard currency loans, according to industry players.Despite notable growth in the first half of the year—driven by rising interest from individuals and companies seeking a hedge against inflation — the sector still grapples…
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