Economic justice

4 March 2019 

Zimbabwe’s Reserve Bank has borrowed $985 million from African banks to purchase fuel and other critical imports with current reserves covering imports for just four weeks, underscoring the severity of dollar shortages, governor John Mangudya said.

The southern African nation last month ditched a discredited 1:1 dollar peg for its surrogate bond notes and electronic dollars, merging them into a lower-value transitional currency called the RTGS dollar.

27 February 2019 

Vodacom has introduced tariff changes to its mobile plans and packages, including a reduction in out-of-bundle rates.

The telecoms operator received a public backlash this week, after proposing to charge its customers up to R49 for its data bundle roll-over service from 1 March.

28 February 

Telecommunications regulator the Independent Communications Authority of SA (ICASA) has given operators more time to implement regulations relating to an option to opt-out of notification for depletion of voice, SMS and data services and the out-of-bundle usage requirements.

28 February 2019

Former finance minister Trevor Manuel and former SANDF chief General Siphiwe Nyanda are scheduled to testify before the Zondo commission into state capture on Thursday.

Last month, Zondo, who is chair of the commission, denied an application by the Gupta family's lawyer Mike Hellens to cross-examine Manuel.

This was the second time the family was denied opportunity to cross-examine witnesses.

20 February 2019

Zimbabwe, without its own currency for a decade, took steps to address its worsening economic crisis by allowing its surrogate currency, bond notes, and electronic funds to float freely against other major currencies, abandoning an official but artificial parity with the dollar.

To read the article titled "Zimbabwe launches new currency measure"Click here