Zimbabwe’s inflation for August was officially put at 0.14 percent but United States economist Steve Hanke says the country’s inflation is 242.72 percent.
Nickel production at Bindura Nickel Corporation (BNC) grew by 2 percent to 1 810 tonnes in the first three months to June over the previous quarter despite a decline in mined tonnage.
Zimbabwe activist pastor Evan Mawarire said yesterday acquitted of inciting public violence, but he remains on trial for allegedly trying to subvert President Robert Mugabe's government, the French news agency AFP reported yesterday.
Hwange Colliery Company reported a 23 percent decline in revenue to $18.8 million in the six months to June from $24.5 million last year weighed down by weak sales as a result of low production volumes. Between January and April monthly production averaged 42 000 against a target of 175 400 tonnes.
The cash shortages in Zimbabwe have seen electronic transactions skyrocket from $6.8774 billion in2009 when the country dollarised to $80.0026 billion this year, Finance Minister Patrick Chinamasa told Parliament yesterday.