Business Articles

South Africa commits $650 million to airline SAA, administrator says

JOHANNESBURG (Reuters) - South Africa has pledged 10.5 billion rand ($650 million) to South African Airways (SAA), one of the administrators of the ailing state-owned airline said on Friday. The administrators took control of SAA in December after almost a decade of...

RBZ abolishes multiple wallets: Here are the Highlights of the 2020 Mid Term Policy statement

The Reserve bank of Zimbabwe has issued the Mid Term Monetary Policy statement for 2020 which has set individual Ecocash transactions at $ 5000 a day while abolishing multiple money wallets with immediate effect, among other measures Key highlights of new measures...

SME’s are the key to resuscitate Zimbabwe’s economy: Mutadza

Tafadzwa Nyikadzino Local Entrepreneur Raymond Mutadza said Small to Medium Enterprises are the key to resuscitate Zimbabwe’s economy and called on government to offer more support and assistance to the sector for it to grow its operations. Mutadza is the founder of...

Cryptocurrency Unlocking Value In COVID-19 Crisis

Ralston Muchoko It’s similarly within scope to point out Zimbabwe treasury Bond and RTGS annuity are galloping along around the clock, as people run out of places to safely put their money. 2020 is a year marked by uncertainty, a shortage of sound investments and...