economy

Zim Compensates BIPPA-Protected White Farmers

HARARE- Zimbabwe has commenced compensation payments to farmers and investors affected by the country’s Land Reform Program in 2000, as part of a US$20 million facility allocated in the 2024 National Budget. Finance and Investment Promotion Minister Mthuli Ncube confirmed the payments,
February 12, 2025
President Cyril Ramaphosa

Ramaphosa touts economic gains in new year message

President Cyril Ramaphosa praised South Africa’s government of national unity (GNU) for economic improvements in his new year’s address, while neighboring Mozambique faces political turmoil following Frelimo’s contested election victory. South Africa has achieved its first primary budget surplus in 15 years,
December 31, 2024
The latest data suggests that South Africa's motorists could be in for mixed fuel price news early in 2025

SA Faces Modest Fuel Price Increases for January 2025

JOHANNESBURG- Early fuel price projections indicate slight increases in petrol prices and minimal changes to diesel costs for South African motorists starting January 2025, according to the latest Central Energy Fund data. South African motorists face an expected increase of 11 cents
December 18, 2024
Finance Minister Mthuli Ncube arriving at Mt Hampden Parliament Building for budget presentation

Zimbabwe’s Finance Minister to Unveil 2025 Budget Today

Zimbabwe’s Finance Minister Professor Mthuli Ncube will present the nation’s 2025 budget statement in Parliament today, as the country seeks solutions to its deepening economic challenges. The presentation at the new Mt Hampden Parliament Building comes at a critical time for Zimbabwe’s
November 28, 2024
Zimbabwe's President Emmerson Mnangagwa addresses international creditors in Harare

Zimbabwe Seeks Path to Clear $12.7bn External Debt

Zimbabwe’s President Emmerson Mnangagwa met with international creditors and finance executives on Monday to discuss clearing $12.7 billion in external debt, marking a crucial step towards the country’s first access to international capital markets in over 20 years. The debt, which amounts
November 26, 2024
Kudakwashe David Mnangagwa

Zimbabwe’s Finance Ministry Urges Patience Over Economic Measures

Zimbabwe’s Deputy Finance Minister, Kudakwashe Mnangagwa, has appealed for patience from lawmakers as the government finalizes its new exchange rate management system, amid growing concerns over inflation and the depreciating value of the local currency. Speaking in the National Assembly, Mnangagwa faced
March 16, 2024