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- May 15BusinessEcoCash Launches Global Money Transfers From ZimbabweZimbabwean fintech giant EcoCash has launched a new international money transfer service that enables users to send funds from Zimbabwe to several countries across Africa, Asia, and beyond. Previously focused on inbound remittances, EcoCash’s new offering marks a significant shift as the platform…May 15
- May 15BusinessZimbabwe Finance Ministry owes ZiscoSteel pensioners US$38.7 millionZimbabwe's Finance Ministry faces mounting pressure after a parliamentary investigation revealed it still owes US$38.7 million to former employees of the defunct Zimbabwe Iron and Steel Company (ZiscoSteel), some of whom have waited over a decade for their pension benefits. The Parliamentary…May 15
- May 3BusinessMalema Calls for Deputy Ministers to Be Scrapped to Cut State SpendingEconomic Freedom Fighters (EFF) leader Julius Malema has renewed calls for the elimination of deputy minister positions, describing them as “useless” and a waste of state resources. Speaking at a Workers’ Day rally in Rustenburg, North West, on Thursday, Malema said scrapping these roles could…May 3
- April 24BusinessSouth Africa to Reverse Proposed VAT IncreaseSouth Africa’s National Treasury has announced the withdrawal of its planned 0.5% Value-Added Tax (VAT) increase, originally set to take effect from 1 May 2025. The decision is expected to be formalised when Finance Minister Enoch Godongwana presents the Rates and Monetary Amounts and Amendment of…April 24
- April 17BusinessLegal Battle Freezes Zimbabwe's US$1.6M Rural Telemedicine LifelineA US$1.6 million telemedicine initiative that promised to revolutionize healthcare access for Zimbabwe's rural population hangs in limbo as implementing partners wage a bitter legal battle over contract terms and payment distribution. The project, scheduled to launch next Friday, now faces…April 17
- March 15BusinessProof of Customs Duty Now Required for Groceries and BeveragesHARARE- Zimbabwe's Finance Minister, Mthuli Ncube, has announced that all alcoholic and non-alcoholic beverages, as well as basic commodities like refined sugar, detergents, and dairy products, will now be considered smuggled unless sellers can provide proof of customs duty payment. Government…March 15
- March 13BusinessOpposition Parties Reject VAT Increase in Budget DebateJOHANNESBURG- South Africa’s Finance Minister, Enoch Godongwana, has sparked widespread opposition with his announcement that the Value-Added Tax (VAT) will rise to 16% by the 2026/27 financial year. The hike, which will occur in two stages—an increase of 0.5 percentage points in 2025 and another…March 13
- March 10BusinessZimbabwe businesses free to set prices using market exchange ratesReserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that businesses can set their prices based on market exchange rates rather than adhering strictly to the official central bank rate. He made the statement during a meeting with the Tourism Business Council of Zimbabwe last…March 10
- February 27BusinessMahindra Explores Vehicle Assembly Expansion in South AfricaJOHANNESBURG – Indian automaker Mahindra has signed a memorandum of understanding (MoU) with South Africa’s Industrial Development Corporation (IDC) to explore the possibility of establishing a full-scale vehicle assembly plant in the country. The agreement will facilitate a detailed feasibility…February 27
- February 10BusinessDefence Spending Absent from Ramaphosa's SONA Amid Military ConcernsCAPE TOWN- In his State of the Nation Address, SONA, on Thursday, President Cyril Ramaphosa outlined the government's priorities for 2025, focusing on economic growth, job creation, and poverty reduction. However, conspicuously absent was any mention of defence spending or the strengthening of…February 10
