Search results for 'Eskom'
World
Biden talks green energy as Eskom CEO quits amidst blackouts surge

Biden also said the money would be spent helping "develop cutting-edge energy solutions like clean hydrogen, a deal worth $2 billion to build solar energy projects in Angola, $600 million high-speed c

Dec 16, 2022
World
SA Treasury Makes Strides to Address Electricity Crisis

The South African National Treasury's recent projection of an increase in economic growth has sparked optimism among the country's economists. This is a good sign for Zimbabwe because South Africa is

Feb 23, 2023
World
Mr Price Posts 6% Fall in Annual Profit Amidst Inflationary Pressure and Power Cuts

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 22, 2023
South Africa
Surreal Incompetence: Rand Commits to Losses

The South African rand has taken a hit, depreciating by 2% week on week to trade at 18.8 against the US dollar. The country's power deficits have been the main driver behind the currency's poor perfo

Jul 07, 2023
South Africa
Rand Slumps Amid Power Cuts, Controversial Foreign Policies

The South African rand has undergone a substantial decline, breaking the 19 mark and reaching its lowest level in almost three months, at US$19.2. This decline in the South African rand occurs concurr

Sep 06, 2023
Zimbabwe
Zimbabwe Spends Nearly US$1bn on Electricity Imports, Mutapa Lines Up US$500m Energy Investment

Zimbabwe has spent USD 881.7 million importing electricity between January 2021 and March 2026, according to a monthly import series derived from ZimStat External Trade Statistics. The cumulative fig

May 04, 2026

Top Stories

Mining Slump Clouds Zimbabwe’s Q1 2026 GDP

Zimbabwe’s economy lost momentum in the first quarter of 2026 as a sharp contraction in mining weighed on growth, underscoring the economy’s continued reliance on the extractive sector despite improvi

18 hours ago

FMP Terminates ZSE Listing, Extends Corporate Exit Cycle

First Mutual Properties Limited has voluntarily terminated its listing on the Zimbabwe Stock Exchange effective 2 July 2026, moving a US$140.07 million property platform into an unlisted structure bui

22 hours ago

Gold Carries Zimbabwe’s Economy: What Happens When Prices Self-Correct?

Zimbabwe's May 2026 exports stood at $884 million, with $464 million of that, 52.5%, coming from semi-manufactured gold. The United Arab Emirates absorbed $448.7 million of total exports, the majorit

1 day ago

Zimbabwe Spends US$20 Million on Imported Power in May

Zimbabwe spent US$20.12 million importing electrical energy in May 2026, the highest monthly electricity import bill since September 2024. The payment rose 43.8% from US$13.99 million in April and sto

1 day ago

The O-Mari Effect: Mobile Money War Goes Physical, NetOne Remains Idle

Zimbabwe's mobile money sector has entered a new phase, one in which the platform that wins will not be the one with the biggest digital wallet but the one that can put physical cash in a customer's h

1 day ago

Star Africa Swings Back to Profit Despite Lower Turnover, Targets Stronger FY2027 Recovery

Star Africa Corporation Limited, Zimbabwe’s sugar producer and distributor’s turnover declined 9% to $58.1 million from $63.9 million in the prior year primarily driven by strategic price reductions

1 day ago

PPC Arlington Sale Lapses ,US$30 Million Capital Allocation Plan Returns to Drawing Board

Pretoria Portland Cement Zimbabwe's planned monetisation of its 418-hectare Arlington Estate has been pushed back after the disposal agreement with Transvaal Africa lapsed following the purchaser's fa

1 day ago

Hippo Valley Posts Standout FY26 Performance, FY27 Tests Its Earnings Base

Hippo Valley Estates Limited, Zimbabwe's largest ZSE listed sugar producer, has reported a revenue growth of $220.8 million, a 15% increase from $191.6 million according to the latest results for the

1 day ago