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This is why we ditched multi-currency, says Zim's Ncube

Jun 25 2019 05:00

Fear of self dollarisation of the economy and the plight of government workers who could no longer afford to buy goods and services forced the Zimbabwean government to abolish the long used multi-currency regime, finance minister Mthuli Ncube said Monday.


WATCH: China says both US, China should make compromises in trade talks

Jun 24 2019 20:08

Both China and the United States should make compromises in trade talks, says Chinese Vice Commerce Minister, ahead of a much anticipated meeting between the Chinese and US presidents at this week's G20 summit in Japan.


Cash-in-transit company acted like unregulated bank, inquiry hears

Jun 24 2019 19:02

Judge Raymond Zondo has said the commission commission of inquiry into state capture would to alert the SA Reserve Bank and other authorities to probe cases of cash-in-transit providers operating like banks.


Cash-in-transit firm delivered R500m a month without due diligence, inquiry hears

Jun 24 2019 14:19

The state capture inquiry heard on Monday that a Gauteng-based cash-in-transit company was delivering up to R500m in cash per month without adhering to money-laundering laws to check the source of funds for the transactions.


Zim dollars only: Finance minister Ncube bans foreign currency

Jun 24 2019 13:19

Foreign currencies are no longer acceptable as legal tender in Zimbabwe, with Finance Minister Mthuli Ncube saying Monday that the Zimbabwe dollar is now the only acceptable medium of exchange for local transactions.


Eskom's gain is SA's pain as investors balk at debt

Jun 24 2019 08:17

President Ramaphosa’s latest pledge to support Eskom is good news for the cash-strapped electricity company - but some investors are balking at the prospect of increased sovereign-bond issuance to pay for the bailout.


Africa is a key place of interest for Trump, US official says

Jun 24 2019 07:00

Sub-Saharan African countries eligible for the African Growth and Opportunity Act have to commit to protecting private property rights, a State Department official has said.



Zim pays Eskom US$10m in bid to ease power shortage

Jun 23 2019 17:16

Zimbabwe, which according to power utility Zesa was producing 1200MW as of Sunday, needs at least 1700MW per day to meet demand.


Zim has so far paid $53m to former white farmers - Minister

Jun 23 2019 14:49

Minister Mthuli Ncube said government is now working on a grand agreement that will culminate in an MOU and a structure to pay the compensation over 20/30 yrs.

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