Search / Fin24
Picking Zimbabwean Sitho Mdlalose as Vodacom SA boss raises eyebrows
The Zimbabwean diaspora seems to ...Published: 12 May 2022 at 07:13hrs | | by Gugu Lourie
Foreign entities can now fully own mines in Zimbabwe
The Zimbabwe government has "deleted" an amendment to the Finance Act which had given it the power to control at least 51% ownership in mining entities.As reported by Fin24 last week, the Zimb...Published: 03 Feb 2021 at 22:25hrs | 1 | by Staff reporter
Dealing with Zimbabwe's hard lockdown
Zimbabwe started its a 30 day level four lockdown on Tuesday a move that is expected to save lives but have dire consequences on the economy and livelihoods. In announcing the lockdown measure...Published: 05 Jan 2021 at 07:24hrs | | by Staff reporter
Mnangagwa tells Ramaphosa to use a bit of force
PRESIDENT Emmerson Mnangagwa has urged South Africa to use "a bit of force" to bring sanity in the neighbouring country following a recent wave of xenophobic attacks against foreign nationals that has...Published: 05 Sep 2019 at 08:28hrs | | by Staff reporter
MTN, MultiChoice shut branches in Nigeria amid protests over SA attacks
South African television group MultiChoice has shut its offices and branches in Nigeria and Zambia, according to its head of corporate affairs Joe Heshu. This follows protests at the group's N...Published: 04 Sep 2019 at 12:40hrs | 1 | by Staff reporter
Peter Moyo wants court to rule Trevor Manuel in breach of Constitution
Peter Moyo has lodged an urgent application for the board of Old Mutual board and its chairperson Trevor Manuel to be declared as having deliberately interfered with the functioning of the courts....Published: 27 Aug 2019 at 22:47hrs | | by Staff reporter
Peter Moyo receives new termination notice from Old Mutual
While still engaged in a legal tussle with its former CEO Peter Moyo over his initial termination, Old Mutual's board announced on Thursday that it had served Moyo with a "further notice terminating h...Published: 22 Aug 2019 at 10:11hrs | | by Staff reporter
Zesa seeks another shock tariff hike
Power utility ZESA has approached the power regulator for a threefold increase in tariffs to ZWL$0.81 per kilowatt four from the current ZWL$0.27 in an effort to reduce load shedding. The bid ...Published: 22 Aug 2019 at 08:07hrs | 1 | by Staff reporter
Eskom not responsible for current Zimbabwe power cuts
South African power utility Eskom says it is not responsible for the power outages being experienced in Zimbabwe, saying it is supplying 400MW to the southern African country as agreed.After e...Published: 21 Aug 2019 at 21:43hrs | | by Staff reporter
Trevor Manuel's Old Mutual files urgent court papers to stop Peter Moyo resuming duties
Old Mutual said on Friday it has filed an urgent declaratory order application asking the court to block its newly reinstated CEO Peter Moyo from resuming his duties.Company spokesperson Tabby...Published: 02 Aug 2019 at 16:48hrs | | by Staff reporter
Eskom confirms Zimbabwe paid back the money
Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account. Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune...Published: 02 Jul 2019 at 16:42hrs | | by Staff reporter
Trevor Manuel's Old Mutual to oppose Peter Moyo reinstatement application
Old Mutual confirmed on Monday afternoon that it would oppose its former CEO Peter Moyo's urgent application in the South Gauteng High Court seeking, among other things, to be reinstated to his positi...Published: 01 Jul 2019 at 17:32hrs | | by Staff reporter
Peter Moyo takes Trevor Manuel chaired Old Mutual to court
Eric Mabuza will represent Moyo in dismissal challengeAdvocate Eric Mabuza confirmed to Fin24 on Tuesday evening that he will be representing dismissed Old Mutual CEO Peter Moyo in a court case ch...Published: 18 Jun 2019 at 18:34hrs | | by fin24
Old Mutual Zimbabwe may retrench 10% of its staff
Old Mutual Zimbabwe may shed 10% of its workforce in an effort to resize the business.In an email to employees, seen by Fin24, Old Mutual Zimbabwe said it is offering a retrenchment package to...Published: 06 Apr 2019 at 16:47hrs | 1 | by Staff reporter
Mozambique cyclone cuts power to South Africa
At least 43 people died in central Mozambique and Zimbabwe after a tropical cyclone tore through the southern African nations, knocking out electricity and phone networks and cutting power to South Af...Published: 16 Mar 2019 at 13:32hrs | | by Bloomberg
President Trump trumps President Ramaphosa's folly to perpetuate Zimbabwe pariah state
"Efforts by South African President Cyril Ramaphosa and Southern African Development Community executive secretary Dr Stergomena Tax to have sanctions imposed on Zimbabwe lifted have failed to bear fr...Published: 06 Mar 2019 at 23:09hrs | | by Nomusa Garikai
Don't fall for sanctions denialists' lies and wiles
The worst-kept secret is out that the United States is determined to see the Zimbabwean government fall – just as it is doing in Venezuela. And denying that is like denying one's existence itself....Published: 03 Mar 2019 at 00:53hrs | | by Conway Tutani
Global trade war between the east and the west
South Africa should not panic over misinformation regarding Zambia's power utility and loans received from China, President of the Economics Association of Zambia, Lubinda Haabazoka, has said....Published: 04 Feb 2019 at 19:18hrs | | by Fin24
Ramaphosa could use Davos to apply pressure on Mnangagwa
The Congress of South African Trade Unions’ international relations unit has demanded that government abandon its "tepid" approach to addressing recent events in Zimbabwe and use international platf...Published: 21 Jan 2019 at 12:53hrs | | by Staff reporter
Zimbabweans among top property buyers in SA
In spite of a crippling foreign currency crisis ravaging the Zimbabwean economy, locals are finding the hard currency to buy real estate in South Africa.Interestingly, when it comes to splurgi...Published: 02 Jan 2019 at 14:06hrs | | by Fin24
Why Mnangagwa doesn't have the answers
When President Emmerson Mnangagwa campaigned in July for Zimbabwe's...Published: 22 Oct 2018 at 07:19hrs | | by Robert Rotberg, Harvard University
Zimbabwe gets $1bn Chinese loan
Zimbabwe has concluded a $1.4bn agreement with the Export-Import Bank of China (Exim Bank) to expand power generation and help alleviate the country's perennial electricity shortages.According...Published: 02 Jun 2018 at 20:33hrs | | by Staff reporter
Pizza Hut to open first outlet in Zimbabwe
AMERICAN restaurant chain and international franchise, Pizza Hut is set to open its first outlet in Zimbabwe early next month.The move is likely to increase competition in the country's fast f...Published: 23 Jan 2018 at 06:06hrs | 2 | by Staff reporter
Dabengwa named in new Eskom board
Telkom Chairperson Jabu Mabuza will chair Eskom's board as part of a host of measures announced on Saturday by government, to "stabilise management" at the power utility.Government has also re...Published: 20 Jan 2018 at 16:47hrs | | by Staff reporter
Mnangagwa's poisoned chalice
ZIMBABWE's incoming interim president designate Emmerson Mnangagwa might have survived the poison that nearly took his life in August this year, but will he survive the poisonous legacy that his prede...Published: 24 Nov 2017 at 10:15hrs | 1 | by Crecey Kuyedzwa
RBZ will not reverse Barclays Zimbabwe sale
THE RESERVE Bank of Zimbabwe will not bow down to pressure from Zanu-PF and other campaigners seeking to have the sale of Barclays Zimbabwe to FMB reversed as the apex bank is merely a regulator....Published: 12 Jun 2017 at 16:54hrs | 2 | by Staff reporter
KFC joins UberEATS
UberEATS and KFC announced on Wednesday that customers in Johannesburg can enjoy KFC meals delivered to their home or work, for the first time, through the UberEATS app.According to ...Published: 07 Jun 2017 at 21:02hrs | | by Staff reporter
Zanu-PF wants Mugabe to reverse sale of Barclays Bank of Zimbabwe
President Robert Mugabe's Zanu-PF party wants the ageing leader to reverse the sale of Barclays Bank of Zimbabwe (BBZ) to First Merchant Bank of Malawi (FMB), as the sale contravenes the country's ind...Published: 02 Jun 2017 at 17:31hrs | | by Staff reporter
South Africa leaving the JP Morgan Bond Index?
The rand lost almost 2% against the firmer US dollar on Wednesday and on rumours that South Africa is leaving the JP Morgan Bond Index."The rumours of the exit is not helping the ZAR. It...Published: 26 Apr 2017 at 17:11hrs | | by Fin24
R5 commemorative circulation coins cause a stir
Cape Town - The South African Reserve Bank (SARB) has had to step in and calm the fears of concerned South Africans after R5 commemorative circulation coins caused a stir, ...Published: 10 Apr 2017 at 11:49hrs | | by fin24
Colonial UK meddles into SA's business, protests Gordhan axing
The first bit of internal diplomatic fallout over the dismissal of Finance Minister Pravin Gordhan and his deputy Mcibisi Jonas arrived on Friday on the desk of Obed Mhlaba, high commissioner to t...Published: 31 Mar 2017 at 16:18hrs | 1 | by Staff reporter
PHOTOS: R13.8m Ferrari smuggled into SA via Beitbridge border post
The South African Revenue Service (SARS) seized a Ferrari that was being smuggled into the country, it announced on Wednesday.According to ...Published: 29 Mar 2017 at 18:38hrs | | by Staff reporter
Recalled Gordhan flying back to SA tonight
Finance Minister Pravin Gordhan will comply with President Jacob Zuma's order and return to South Africa on Monday evening.That is according to Treasury spokesperson Yolisa Tyantsi, who to...Published: 27 Mar 2017 at 14:58hrs | | by Staff reporter
Zuma's hand strengthened in battle with banks and white monopoly capital
A finding by the Competition Commission that more than a dozen local and international banks colluded to rig foreign-currency trades will bolster government accusations that the nation's biggest l...Published: 20 Feb 2017 at 07:45hrs | | by Staff reporter
Regional airlines flock to Zimbabwe
RwandAir and Ethiopian Airlines are the newest airlines to fly to Zimbabwe, as the government opens up its skies to other players after years of state protectionism for the country's ailing flag carri...Published: 29 Jan 2017 at 13:23hrs | | by Staff reporter
Zimbabwe data price increase could be attempt to clamp down on social media
Zimbawe's new floor prices for data services could be an attempt to boost state coffers, or government's way of curbing free speech through social media, according to analysts.According to...Published: 11 Jan 2017 at 14:46hrs | | by Staff reporter
Brian Molefe on a mission to defeat the 'demon of racism and exploitation'
Outgoing Eskom CEO Brian Molefe has called on South Africans to stop being distracted by those wanting "to see black people fail" and instead focus on defeating the "demon of racism and exploitati...Published: 30 Nov 2016 at 12:27hrs | | by Matthew le Cordeur
Pick n Pay, OK Zimbabwe reject new bond notes in early trade
Zimbabwean supermarkets rejected the newly-introduced bond notes in early trade on Monday, despite banks offering the local currency to depositors and excitement on the streets of Harare, ...Published: 28 Nov 2016 at 12:52hrs | | by Fin24.com
Bond note jitters and investor fears hits the Zimbabwe Stock Exchange
A nosedive in turnover on the Zimbabwe Stock Exchange (ZSE) as well as apprehension over the introduction of local bond notes next month are worsening investor apprehension and denting confidence ...Published: 06 Sep 2016 at 18:44hrs | 3 | by Online
It's not South Africa's place to protest Zimbabwe restrictions
President Robert Mugabe's government says South African businesses should not demonstrate against policy measures implemented by Zimbabwe to contain imports of finished goods and commodities into the ...Published: 12 Jul 2016 at 09:54hrs | | by Staff reporter
South Africa panics over Zimbabwe trade restrictions
Johannesburg - The adverse impact on South African exporters due to trade restrictive measures introduced by the government of Zimbabwe cannot be underestimated, the SA Department of Trade and Ind...Published: 10 Jul 2016 at 18:10hrs | | by Staff reporter
'Zimbabwe shutdown much ado about nothing'
The ongoing #ZimShutDown2016 is much about ado about nothing as far as the economy is concerned, a leading economist has said.Speaking to ...Published: 07 Jul 2016 at 08:47hrs | | by Staff reporter
Zimbabwe braces for more civil unrest
Business activity and confidence levels in Zimbabwe has taken a knock as protests over import restrictions and unrest in the public transport sector takes a toll on an already struggling economy, exec...Published: 06 Jul 2016 at 07:06hrs | | by Staff reporter
More protests planned
Additional demonstrations have been planned for Wednesday after residents of Beitbridge and Musina, the border towns of Zimbabwe and South Africa, last week staged massive demonstration against the Zi...Published: 05 Jul 2016 at 12:41hrs | | by Malcom Sharara
Hacktivists Africa has Shonas working with Ndebeles
THE Anonymous Africa group, which claims links to the global network of Anonymous hacktivists, said all its members are all African born, even though some of them may live outside of the continent....Published: 17 Jun 2016 at 15:22hrs | | by Staff reporter
Kenyan journalist scoops African Growth Story Award at Sanlam Awards for Excellence in Financial Journalism
(Johannesburg, 10 June 2016) Mr Allan Odhiambo of Kenya's Business Daily newspaper is the winner of the African Growth Story Award in the 2015 Sanlam Awards fo...Published: 10 Jun 2016 at 18:06hrs | | by Agencies
Reports on Chinamasa's son smuggling $7m to SA a 'grand hoax'
Weekend reports originating on social media that Zimbabwean Finance Minister Patrick Chinamasa's son had been arrested at Beitbridge Border post for allegedly trying to smuggle US$7m in hard cash ...Published: 30 May 2016 at 21:13hrs | | by Staff reporter
South Africa's finance minister could soon be arrested
Cape Town – Finance Minister Pravin Gordhan could soon be arrested after the Hawks reportedly handed a docket over to the National Prosecuting Authority (NPA) for his involvement in the SA Reven...Published: 15 May 2016 at 12:30hrs | | by Staff reporter
Innscor, Zimplats fingered in Panama Papers
Another high-profile Zimbabwean company has been named in the Panama Papers for payments and other transactions to directors which are viewed as illegal.The Panama Papers is a tranche of milli...Published: 10 May 2016 at 09:48hrs | 2 | by Staff reporter
'Plagiarism claims extravagant,' rules judge
Online business publication Moneyweb's claim that Fin24 committed "systematic plagiarism on an industrial scale" is extravagant, the South Gauteng High Court has ruled.According to Fin24, Judg...Published: 05 May 2016 at 15:29hrs | | by Staff reporter
Load More Stories
