Zimbabwe’s annual inflation for September stood at 0.78 percent, gaining 0.64 percent on the August 2017 rate of 0.14 percent, the statistics agency reported today.
Zimbabwe is an expensive tourist destination if one measures the value of the Rand (or Pula) against the Dollar and consider the most expensive border fees in the region.
The proposed Zimbabwe African National Union-Patriotic Front special congress that is being called for this year could open a can of worms as only two provincial executives are properly constituted and President Robert Mugabe’s leadership could be challenged as null and void.
Binga South Member of Parliament Joel Gabbuza says one does not need economists to explain the importance of reviving the Zimbabwe Iron and Steel Company.
Zimre Holdings Limited (ZHL) has called off plans to sell off its shareholding in insurance firms in NicozDiamond and Fidelity Life Assurance, citing increased uncertainty in Zimbabwe’s financial system.
Border Timbers narrowed its loss after tax by 89 percent from $24.3 million to $2.6 million in the full year to June buoyed by a cut in costs.