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Why Hollywoodbets appeals to both casual and serious bettors in South Africa
Hollywoodbets is a South African betting company that was established in 2000. The company initially started as a publishing company that was involved in distributing and publishing horse racing cards...Published: 20 Dec 2024 at 12:36hrs | 144 | by Staff Reporter
Mthuli Ncube's 2025 Budget to increase cost of doing business
Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already chall...Published: 20 Dec 2024 at 11:12hrs | 298 | by Staff reporter
The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 985 | by Innocent Mujeri
Zimbabwe cuts power exports to ease load-shedding
Zimbabwe has significantly reduced power exports to neighbouring countries to bolster local electricity supplies, leading to a notable reduction in load-shedding across the country over the past two w...Published: 15 Dec 2024 at 09:10hrs | 4877 | by Staff reporter
Zimbabwean businessman eyes titanium value addition industry in Africa
Zimbabwean-born CEO Donovan Chimhandamba of South Africa-based Nyanza Light Metals has unveiled ambitious plans to establish a beneficiation and value addition industry for titanium minerals in Africa...Published: 14 Dec 2024 at 21:32hrs | 749 | by Staff reporter
More trouble for Zimbabwe as Trump makes return
The incoming administration of Donald Trump in the United States has sparked significant interest across Africa, as analysts speculate on how his second presidency will affect the continent's security...Published: 14 Dec 2024 at 12:34hrs | 759 | by Staff reporter
Chiwenga urges diamond value-addition to boost Zimbabwe exports
Vice-President Constantino Chiwenga has stressed the importance of value addition in Zimbabwe's diamond industry as a means to maximise export earnings and enhance the sector's contribution to the nat...Published: 13 Dec 2024 at 09:40hrs | 114 | by Staff reporter
Zimbabwe power users raise US$250 million for floating solar plant on Kariba Dam
Zimbabwe's industrial power users have secured $250 million from the African Export-Import Bank to build floating solar panels at the world's largest man-made lake.The Intensive Energy User Gr...Published: 10 Dec 2024 at 07:14hrs | 755 | by Staff reporter
NatFoods bemoans limited ZWG acceptability
Zimbabwe's listed food manufacturer, National Foods (NatFoods), has expressed concern over the limited acceptability of the Zimbabwe Gold (ZWG) as a medium for sourcing raw materials, highlighting the...Published: 10 Dec 2024 at 07:09hrs | 719 | by Staff reporter
US, UK sanction Gold Mafia linked dealer
The United States and Britain imposed sanctions on several individuals and businesses linked to global gold smuggling and money laundering networks, with Zimbabwean businessman Kamlesh Pattni at the c...Published: 10 Dec 2024 at 07:08hrs | 934 | by Staff reporter
Mnangagwa commissions Varum push carts
President Emmerson Mnangagwa yesterday officially commissioned two new manufacturing lines at Varun Beverages (Zimbabwe) (Pvt) Ltd, a move set to boost the production capacity of Aquaclear bottled wat...Published: 10 Dec 2024 at 07:04hrs | 788 | by Staff reporter
Zimplats advances Zimbabwe's value-addition drive
Zimplats, one of Zimbabwe's leading platinum group metals producers, is making significant progress toward enhancing value addition and beneficiation in the mining sector through the construction of a...Published: 09 Dec 2024 at 06:58hrs | 1518 | by Staff reporter
Bulawayo raises over US$21 million for Glassblock dam construction
Bulawayo City Council has successfully raised over US$21 million toward the construction of the Glassblock Bopoma Dam, a critical infrastructure project aimed at addressing the city's water crisis and...Published: 08 Dec 2024 at 10:09hrs | 2636 | by Staff reporter
Zimbabwe trade deficit narrows to US$137,7 million
Zimbabwe's trade deficit shrank to US$137.7 million in October 2024, marking a 34.3% decrease from the US$209.5 million recorded in September. This positive trend is attributed to a significant growth...Published: 07 Dec 2024 at 10:33hrs | 502 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 644 | by Staff reporter
Mnangagwa says power cuts cast a cloud over Sadc
President Emmerson Mnangagwa has highlighted the persistent electricity shortages facing Zimbabwe and other Southern African Development Community (SADC) member states, calling them a major hindrance ...Published: 04 Dec 2024 at 06:52hrs | 209 | by Staff reporter
Ramaphosa's economy shrinks 0.3%
The South African economy unexpectedly contracted by 0.3% from the second to the third quarter this year.Economists polled by Reuters expected growth of 0.5%.In the third quarter, the ...Published: 03 Dec 2024 at 15:39hrs | 307 | by Staff reporter
Zimbabwe achieves record wheat harvest
Zimbabwe has achieved a record-breaking wheat harvest, with deliveries reaching 563,961 tonnes, significantly surpassing last year's 467,000 tonnes. This milestone marks the nation's largest wheat har...Published: 03 Dec 2024 at 08:48hrs | 74 | by Staff reporter
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 89 | by Staff reporter
Zesa loses over US$2 million in equipment to theft and vandalism
The Zimbabwe Electricity Supply Authority (Zesa) has suffered losses exceeding US$2 million due to theft and vandalism of electricity transmission and distribution equipment between January and Octobe...Published: 01 Dec 2024 at 08:49hrs | 77 | by Staff reporter
South African commentator downplays Zimbabwe's giant steel plant's capabilities?
'It will just add to surplus capacity in the region, and the only way to safeguard against the commodity trade is to start adding value to the steel product itself' – Charles Dednam, South African I...Published: 01 Dec 2024 at 07:33hrs | 3454 | by Staff reporter
Zimbabwe's 'pizza budget' proves economy on the verge of collapse
Zimbabwe's 'pizza budget,' presented two days ago by Finance Minister Professor Mthuli Ncube as the 2025 National Budget Proposal, is a stark illustration of an economy on the verge of collapse. ...Published: 30 Nov 2024 at 19:01hrs | 549 | by Tendai Ruben Mbofana
Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe
Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's mo...Published: 30 Nov 2024 at 13:28hrs | 81 | by Willias Madzimure
Breakthrough as 720MW Titan Power Plant Project scheduled for December 2 launch
A ground-breaking ceremony for the 720MW Titan Power Plant Project is scheduled for 2 December 2024 at Hwange Power Station, marking a pivotal moment in Zimbabwe's quest for energy self- sufficiency. ...Published: 29 Nov 2024 at 14:39hrs | 1822 | by George Tshuma
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 365 | by Staff reporter
Zimbabwe's blueberry sector eyes 30,000-tonne target by 2030
Zimbabwean horticultural farmers are aiming to produce 30,000 metric tonnes of blueberries annually by 2030, a goal that underscores the rapid growth of the sector. However, this ambitious target is b...Published: 27 Nov 2024 at 12:44hrs | 362 | by Staff reporter
MP urges Zimbabwe govt to engage private sector for rural industrialisation
Nkayi South legislator, Jabulani Hadebe, has urged the government to engage the private sector in driving rural industrialisation as a way to improve infrastructure, create employment, and foster econ...Published: 27 Nov 2024 at 07:00hrs | 60 | by Staff reporter
Chinese cement plant commissioning set for January in Zimbabwe
Huaxin Zimbabwe (Pvt) Limited, a subsidiary of Chinese multinational Huaxin Cement Co. Ltd, is on track to commence cement production at its state-of-the-art plant in Mount Hampden by the end of 2024....Published: 27 Nov 2024 at 06:41hrs | 208 | by Staff reporter
Japan commits US$5.1 million Zim climate-resilient agricultural support
Through the United Nations World Food Programme (WFP), the Japanese government has last week committed a US$ 5.1 million in its quest to support 37,000 smallholder farmers across five districts within...Published: 25 Nov 2024 at 13:26hrs | 243 | by Gideon Madzikatidze
Zimbabwe man arrested with rhino horn parts at Harare airport
A 34-year-old Chitungwiza man, Cuthbert Maoko, was arrested at the Robert Gabriel Mugabe International Airport for attempting to smuggle five rhino horn pieces out of the country. The incident occurre...Published: 24 Nov 2024 at 10:16hrs | 764 | by Staff reporter
Cheap shoe imports choke local leather sector
Local leather manufacturers are facing significant challenges as they are forced to scale down their shoe production due to the influx of cheap imports, which are undermining the viability of domestic...Published: 24 Nov 2024 at 10:10hrs | 176 | by Staff reporter
Zimbabwe achieves record wheat harvest
Zimbabwe has achieved a record-breaking wheat harvest of over 560,000 tonnes for the 2024 season, surpassing last year's production of 467,905 tonnes. This marks the second consecutive year the countr...Published: 24 Nov 2024 at 09:59hrs | 644 | by Staff reporter
Zimbabwe's tobacco sector showing signs of robust recovery
Zimbabwe's tobacco sector is showing signs of a robust recovery, with an 8% increase in registered growers for the 2024/2025 summer cropping season. As of November 15, 2024, 120,983 farmers have regis...Published: 24 Nov 2024 at 09:55hrs | 65 | by Staff reporter
Is Auxillia Mnangagwa's 'philanthropic work' confirmation of her husband's abysmal failures to govern Zimbabwe?
Two days ago, Zimbabwe's First Lady Auxillia Mnangagwa graduated with a Doctor of Philosophy (PhD) degree in Tourism and Hospitality Management from the Midlands State University (MSU).This ac...Published: 23 Nov 2024 at 12:54hrs | 136 | by Tendai Ruben Mbofana
By brazenly rigging Mozambique elections Zanu PF crossed double red lines, Zimbabwe must be booted out of SADC
"Former President of Botswana Ian Khama has called on the Southern African Development Community SADC to expel Zimbabwe if proven to have meddled with member states' elections," Bulawayo24 reported....Published: 23 Nov 2024 at 12:49hrs | 555 | by Wilbert Mukori
Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 20 Nov 2024 at 21:09hrs | 174 | by Agencies
Zimbabwe and Zambia combine efforts to solve their power woes
Zimbabwe and Zambia are combining efforts to deal with their electricity crises, which have seen power cuts of up to 21 hours per day.With no load shedding for eight months, Eskom has asked So...Published: 20 Nov 2024 at 07:09hrs | 467 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 191 | by Staff reporter
Zimbabweans to endure 6 more years with load shedding
The Zimbabwe Electricity Supply Authority (Zesa) is undertaking energy generation projects worth 3,000MW to eliminate load-shedding and achieve universal electricity access by 2030. The initiatives ar...Published: 20 Nov 2024 at 06:49hrs | 302 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 219 | by Staff reporter
Plundering of Zimbabwe's minerals stalling a just energy transition in fighting climate change
In his address at a High-Level Meeting on Resourcing the Energy Transition with Justice and Equity, held on the sidelines of COP29 in Baku, Azerbaijan, Zimbabwe's President Emmerson Mnangagwa delivere...Published: 14 Nov 2024 at 12:37hrs | 169 | by Tendai Ruben Mbofana
Mnangagwa says mineral-rich countries must not remain poor
As the world transitions toward renewable energy, Zimbabwe and other mineral-rich nations must not remain impoverished but should harness opportunities to drive sustainable growth, President Emmerson ...Published: 14 Nov 2024 at 09:24hrs | 100 | by Staff reporter
Afreximbank to inject US$1bn into Zimbabwe economy
The African Export-Import Bank (Afreximbank) has announced a substantial financial commitment of US$1 billion to support Zimbabwe's economic growth, with funds allocated to various sectors in both the...Published: 14 Nov 2024 at 09:21hrs | 188 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 583 | by Tendai Ruben Mbofana
Mozambique borders reopen as protests subside
Mozambique's border posts were reopened yesterday, and protests in Maputo and other cities have subsided - for now - as the country grapples with ongoing unrest following allegations of election fraud...Published: 11 Nov 2024 at 07:14hrs | 758 | by Staff reporter
'Trump Presidency to hurt Zimbabwe's trade, investments'
Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities....Published: 11 Nov 2024 at 07:13hrs | 2295 | by Staff reporter
Zimbabwe secures US$1,5bn for dams, irrigation and power projects
Zimbabwe has successfully raised over US$1.5 billion in funding to advance major dam projects across the country, including Musami Dam, which will supply water to the developing capital city in Mt Ham...Published: 10 Nov 2024 at 10:45hrs | 224 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 170 | by Staff reporter
Zimbabwe eyes China's $50 billion African modernisation fund
Zimbabwe is gearing up to tap into a US$50 billion fund that China pledged to support Africa's modernisation and industrialisation efforts during the recent Forum on China-Africa Cooperation (FOCAC) S...Published: 09 Nov 2024 at 17:08hrs | 261 | by Staff reporter
Dr. Arikana Chihombori: the unsung heroine of Africa
She will never get recognition in Zimbabwe. Zimbabwean women have no vocabulary to appraise Dr. Chohombori breaking the glass-ceiling. The inner jealousy and the inherent envy among us women are so ev...Published: 07 Nov 2024 at 12:52hrs | 394 | by Nomazulu Thata
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