ZIMBABWEZimbabwe: A nation of billionaires Where in the world could you be a multi-billionaire and still go hungry? The answer is, of course, Zimbabwe. 23 Jul 2008 11:45
ZIMBABWEZim manufacturing sector declines further [Dumisani Ndlela] Zimbabwe's manufacturing sector output declined by 28% last year as the country's troubled economy remained mired in a crisis, a Confederation of Zimbabwe Industries (CZI) survey has revealed. 23 Jul 2008 10:57
ZIMBABWEThe land of bankrupt billionaires Zimbabwe's new Z$100 billion banknotes were issued on Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy where an orange will cost you Z$250 billion. 22 Jul 2008 12:25
ZIMBABWEZimbabwe: Bid to resuscitate use of international credit cards falters [Dumisani Ndlela] Zimbabwe's bid to resuscitate the use of international credit cards, abandoned at the start of a gruelling economic crisis now in its ninth year, has crumbled due to the continued erosion of the domestic currency, bankers said yesterday. 21 Jul 2008 15:30
SOUTHERN AFRICASouthern Africa: China cleared for ivory purchase Namibia is happy that the UN body charged with monitoring trade in endangered species has approved China's plea to buy more than 100 tons of elephant ivory from four Southern African countries, the Director of Scientific Services in the Ministry of Environment told The Namibian yesterday. 18 Jul 2008 15:48
SOUTHERN AFRICALatest OECD economic assessment of SA BUSA (Business Unity South Africa) welcomes the overall thrust of the OECD's economic assessment of SA as reflecting a realistic grasp of the socio-economic priorities that should prevail in helping to shape the future economic and business environment in the country. 16 Jul 2008 15:08
ZIMBABWEZim govt worried by rejection of local currency [Dumisani Ndlela] Zimbabwe's acting attorney general, Bharat Patel, has warned Zimbabweans against conducting business in foreign currency as the business sector began shunning the beleaguered domestic currency, opting for United States dollars. 16 Jul 2008 11:27
AFRICAZimbabweans rush to the stock market as local currency burns [Dumisani Ndlela] The venue was a church located in Harare's south eastern suburb of Waterfalls, but it was not usual church business taking place here this particular Sunday of February 2008. It was a meeting to educate church members on how to guard their savings and overcome hyperinflation. 16 Jul 2008 10:01
SOUTHERN AFRICAEconomic recession in SA - premature and unnecessarily alarmist SOUTH AFRICA: In assessing the current economic outlook in SA, BUSA (Business Unity South Africa) says that, while there are indisputable signs of a serious and rapid slowdown in economic and business activity in 2008, the overall growth outlook remains positive. 11 Jul 2008 13:04
ZIMBABWEZimbabwe: No foreign currency, no food A R100 (US$13) remittance from a relative living in South Africa was a lifeline to food for Lydia Nxumalo, 36, and her family in Bulawayo, Zimbabwe's second city. 9 Jul 2008 07:29
ZIMBABWEShell may pull out of Zimbabwe LONDON: Oil giant, Royal Dutch Shell, may pull out of operations in Zimbabwe, the Observer newspaper reported Sunday. 8 Jul 2008 08:27
SOUTH AFRICAUK to increase trade to Africa to $750m by 2010 [Michael Appel] The United Kingdom will be spending some $750 million in Africa by 2010, through its "Aid for Trade" strategy forming part of the Economic Partnership Agreements (EPAs). 7 Jul 2008 16:52
ZIMBABWEZimbabwe: 'Can I give you some Harare luggage for your US dollars?' The flower seller booths on Unity Square in the Zimbabwean capital, Harare, are now the haunt of money changers, because this is one of the few commercial activities in the country still experiencing any kind of growth. 7 Jul 2008 08:18