Zim needs alternative to US$: RBZ official

The remarks by Gwanyanya come as the six-month old Zimbabwe Gold (ZiG) has stuttered, amid fears it would be rejected in formal markets. PERSISTENCE Gwanyanya, a member of the Reserve Bank of Zimbabwe’s (RBZ) Monetary Policy Committee, has said the country is in dire need of an alternative to United States dollar as a store…

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Midrand residents set to hold a march to demand water

Dry tap Disgruntled residents of Midrand, north of Johannesburg, are set to march on Tuesday to demand water.   The community says they have been without water for two weeks and are demanding immediate action.   An affected Midrand resident, Lebogang Shovhote, says people are buying bottled water and queuing for tankers.  “Many residents have had…

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Govt and business urged to collaborate to fight illicit trade

100 rands 3 minutes Experts have suggested partnerships between government and business should be used to combat illicit trade in South Africa. The Transnational Alliance to Combat Illicit Trade 2.0 Report reveals that the South African economy loses nearly R30 billion annually from illicit trade in tobacco and alcohol alone. Government officials have also noted…

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Malusi Gigaba charged with corruption over Transnet deal

File image | Former Public Enterprises Minister Malusi Gigaba is inferred with a doctorate from the University of Johannesburg during a graduation ceremony on 22 July 2025. Former Public Enterprises Minister Malusi Gigaba has been charged with corruption related to a multi-billion-rand tender at Transnet. The tender involves the procurement of more than 1 000…

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Dis-Chem life insurance business set to launch next year

A person walks past a Dis-Chem Pharmacy outlet in Cape Town, South Africa, 22 February 2024. Reuters/Esa Alexander/ File Photo The company which seeks to expand beyond being a pharmacy retailer acquired a 50% stake worth R155.9m ($8.84m) in the financial services provider and life insurer OneSpark in August this year. OneSpark is a private…

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