Zimbabwe’s currency weakened almost 14% in the weekly central bank auction, just days after Finance Minister Mthuli Ncube called for changes to how the foreign-exchange market is managed.
South Africa’s record power outages are stifling travel across the key bridge between the country and Zimbabwe, one of Africa’s busiest inland borders.
Prosecutors charged two former top executives at South Africa’s state rail and ports operator with fraud and other crimes in a widening crackdown on alleged perpetrators of corruption during former President Jacob Zuma’s rule.
Zimbabwe’s state mining vehicle, Kuvimba Mining House Ltd., is taking over the 50% shareholding in a platinum project owned by Russia’s Vi Holding NV and plans to make further mining acquisitions, according to nation’s Treasury.
Trafigura Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from some of the nation’s biggest mines as repayment for debts, documents seen by Bloomberg show. Bloomberg has previously reported on Kuvimba’s apparent links to Kudakwashe Tagwirei, a Zimbabwean tycoon who’s been sanctioned by the U.S. and U.K. over corruption allegations, and who was part-owner of many of the mining assets that are now part of Kuvimba.
Tendai Biti has fiercely criticised Constitution Amendment No. 3 after President Emmerson Mnangagwa signed it into law, warning it centralises power and threatens Zimbabwe's democracy.
President Emmerson Mnangagwa has signed Constitution Amendment No. 3 into law, introducing sweeping constitutional changes despite his 2018 pledge to leave office after 10 years.
Nota Baloyi has called on South African musicians to boycott Zimbabwe, saying artists are helping sanitise the country's leadership as online campaigns against performances intensify.
Gabriel Manyati argues that Thomas Mapfumo should accept Wicknell Chivayo's multimillion-dollar performance offer, saying the Chimurenga icon has earned the right to financial security without sacrificing his political legacy.
