BETA Holdings (BETA), the diversified producer of construction inputs, has admitted that it is in severe distress partly due to prevailing liquidity challenges at a time when its budgets are under pressure from ongoing expansion projectsOriginal post on HeraldOriginal post on Digital Vocano […]
Tag - local News
SA to host AGOA summit despite US threats
Despite US threats that it should be moved to another country, South Africa will continue to host a summit between the US and beneficiaries of the African Growth and Opportunity Act (AGOA) in November.Original post on HeraldOriginal post on Digital Vocano […]
Fed’s Powell calls soft landing a ‘primary objective’
Fed Chair Jerome Powell reaffirmed Wednesday that the central bank is still chasing an elusive soft landing, even as he acknowledged that executing a tightening campaign without triggering a widespread downturn is not the baseline expectation but rather a “plausible outcome.”Original post on […]
Zulu to commence lithium processing
London-listed Premier African Minerals Ltd will start producing spodumene concentrates at its Zulu Lithium and Tantalum project in southern Zimbabwe following the completion of its milling plant, the company said in a statement yesterday.Original post on HeraldOriginal post on Digital Vocano […]
Chinese loans to Africa plummet to two-decade low
Chinese sovereign lending to Africa fell below US$1 billion last year - the lowest level in nearly two decades - underscoring Beijing’s shift away from a decades-long big ticket infrastructure spree on the continent, latest data has showed.Original post on HeraldOriginal post on Digital Vocano […]
Global debt hits record US$307 trillion
Global debt hit a record US$307 trillion in the second quarter of the year despite rising interest rates curbing bank credit, with markets such as the United States and Japan driving the rise, the Institute of International Finance (IIF) said on Tuesday.Original post on HeraldOriginal post on […]
President rallies world leaders for equitable economic development
Hatred Zenenga in New York, United States of America President Mnangagwa has set the tone for equitable global economic development and attainment of Sustainable Development Goals (SDGs) with a call on global leaders converged at the 78th United Nations General Assembly (UNGA) to embrace […]
Keep in check prices, exchange rate
THIS publication has consistently said it and will not shy from saying today: We don’t believe in the economics of protectionism, neither... To access this post, you must purchase a subscription. Please click the button below to visit our subscriptions page to select a package. Subscriptions […]
Zim to face Hong Kong in Davis Cup World Group II Play-offs
Sports Reporter ZIMBABWE are set to take on Hong Kong in the Davis Cup World Group II Play-offs next February following the draw held this week in London. The international Tennis Federation (ITF) announced the draws for the 2024 Davis Cup World Group I and World Group II Play-offs on Wednesday […]
ZIFA appoint Brito Warriors head coach
Sports Reporter ZIFA have appointed Baltemar Brito as the head coach of the Zimbabwe national men’s team coach. The 71-year-old Portuguese gaffer will be assisted by Bongani Mafu and Genesis Mangombe bof Dynamos. Both Brito and Mangombe will retain their contracts at Highlanders and Dynamos […]
Liberation hero Muchoko buried
Conrad Mupesa Mashonaland West Bureau CDE Robert Muchoko, a war liberation hero who died on Sunday after a long illness has been buried. He was 58. Cde Muchoko whose Chimurenga name was Cde Urayayi Mabhunu was buried this morning at Kadoma District Heroes Acre where Mashonaland West Minister of […]
Director in court for theft of trust property
Herald Correspondent Managing director of New Aviation Company has appeared in court on allegations of selling his boss’ Toyota Land Cruiser without his consent and diverting the money to his own use. Ronald Masimba Nyandoro (46) was facing theft of trust property when he appeared before a Harare […]