‘Petrol price relief through fuel levy cuts a bad idea’
…such a proposal is unrealistic as it would significantly impact the government’s revenue, its primary surplus, and plans to stabilise debt.
Zim govt backs ZETDC-Vungu Solar project
The intervention follows the signing in January of a 25-year Power Purchase Agreement (PPA) between Vungu Solar and ZETDC, a deal that secures a long-term buyer for the electricity generated and provides predictable revenue streams for financiers.
CBZ profits in sharp rise
The financial services group posted a ZiG1.44 billion profit after tax during the period under review, a significant jump from ZWG168.05 million recorded prior year, underpinned by strong income growth and improved credit quality.
Zimplow narrows losses as revenues rise 13pct
Zimplow Holdings Limited (Zimplow) narrowed its loss before tax by 85 percent to US$492,180 in the year ended 31 December 2025, down from a US$3,437 million loss recorded prior year.
10 African countries with the highest diesel prices in March 2026: Zim ranked 3rd
While prices for Zimbabwe and Sierra Leone increased, the diesel price for Burundi remained the same, while Morocco, and Rwanda ousted Uganda, and Zambia from the list this month.
Zim’s gold trade hit by global tensions, soaring shipping costs
Zimbabwe and Ghana are both facing difficulties exporting gold due to disruptions in Middle Eastern trade routes.
Iran war wipes out $100 billion from luxury stocks
Shares of LVMH and Hermès are down roughly 16% and 20%, respectively, this month, while the S&P 500 has fallen less than 6%. Shares of Ferrari are also down 15%, and the company announced it would temporarily suspend deliveries to the Middle East.
JSE headed for worst month in almost two decades
Johannesburg’s benchmark stock index is heading for its worst month in almost two decades, reeling from a double hit as the Iran war saps demand for emerging-market assets while plunging precious-metal prices weigh on the country’s miners.
Important legal ruling for foreigners with assets in South Africa
A landmark ruling by the Supreme Court of Appeal (SCA) means foreigners with assets in South Africa could see surplus local funds transferred abroad to satisfy foreign creditors once local debts are settled.
Namibia intervenes to protect consumers as fuel prices rise
Namibia’s government will temporarily reduce fuel levies by 50% for at least three months until the end of June in a bid to protect consumers from higher pump prices as the U.S.-Israeli war with Iran continues, the energy minister said on Friday.