Innscor tightens grip on Tanganda with board shakeup, new CEO appointment
Among the notable appointments is Addington Chinake, who assumes the role of board chairman, alongside new non-executive directors – Julian Schonken and Calum Philp, all with strong ties to Innscor’s leadership structures.
Uber commits to invest $300 million in South Africa
Uber has committed to investing US$300 million (R5 billion) in South Africa, focusing on mobility, delivery, and digital platform growth.
CABS deepens lending to key sectors
CABS is increasing financial support to Zimbabwe’s productive industries through enhanced lending facilities and specialised funding programmes, in line with government initiatives aimed at widening access to capital.
Zim steps up debt servicing
An initial US$10,85 million was paid in October, followed by US$4,33 million in November and US$7,52 million in December.
SA rand, Nigerian naira ranked among global currencies soaring against US dollar
The South African rand and Nigerian naira have been ranked among the global currencies posting strong gains against the U.S. dollar over the past year, reflecting shifting market dynamics and improving domestic conditions.
US, SA move to reset ties amid diplomatic tensions
South Africa and the United States have taken a cautious step towards rebuilding strained relations, as President Cyril Ramaphosa formally received the credentials of the new US Ambassador, Leo Brent Bozell, in Pretoria.
RioZim seeks shareholder backing for restructuring plan
Diversified resources group RioZim Limited (RioZim) is seeking shareholder approval to undertake extensive corporate measures – dispose assets, restructure debt, and access new financing – targeted at stabilising operations and restore viability.
Zim sets strict conditions to resume lithium exports, including domestic processing
Zimbabwe has imposed strict conditions on lithium exports, requiring companies to set up domestic processing facilities before exports can resume.
FCB-Makasa $30m deal approved
COMESA, the Zimbabwe Revenue Authority (Zimra) the Competition and Tariff Commission (CTC) of Zimbabwe, have all granted approval.
RBZ pursues digital currency launch, digitalisation drive
RBZ governor John Mushayavanhu said the monetary authority “will advance digital transformation with in house software development, fintech innovation, and exploration of a central bank digital currency”