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

Top Stories

Gold Breaches Psychological Threshold: What's Next After $3,000?

Gold has breached the $3,000 per ounce barrier last week, marking a significant milestone in the precious metal's upward trajectory. Since crossing the threshold on March 14, gold has consistently tra

10 minutes ago

Botswana Bets More on Coal to Ease Energy Crisis

Botswana, a landlocked nation in Southern Africa, is poised to deepen its reliance on coal to address persistent generation challenges. With proven coal reserves estimated at 212 billion tons though o

19 hours ago

ZiG Records the Biggest 'Crush' Year-to-Date

The Zimbabwe Gold (ZiG) has depreciated against the United States Dollar (USD), recording an exchange rate of 26.7279 on 25 March 2025, extending a loss-making streak observed since the commencement o

21 hours ago

No Winners in Trade Wars: Global Economic Growth Downgraded

The global economy stands at a crossroads, with trade tensions casting a long shadow over its prospects. The Organisation for Economic Co-operation and Development (OECD) released its latest economic

1 day ago

Gold Weekly Wrap: Trio of Titans, How 9 Tonnes Set Stage for Zimbabwe’s Gold Glory

Zimbabwe is gearing up for an ambitious goal of producing 40 tonnes of gold in 2025, a target made tantalisingly achievable by gold prices soaring past $3,000 per ounce amid global geopolitical tensio

1 day ago

Innscor’s Revenue Surpasses Half a Billion in HY25

Innscor, a leading Zimbabwean conglomerate, has reported a 12% increase in revenue to US$535.8 million for the six months ended 31 December 2024 according to the latest financial report from the group

1 day ago

Distribution Group Africa Set to Restructure and Realign Performance with Revenues

Distribution Group Africa (DGA), a vital arm of Axia Corporation Limited operating across Zimbabwe, Malawi, and Zambia, is embarking on a strategic restructuring to reverse declining revenues and alig

1 day ago

ZiG Weekly Review: Gradual Erosion Continues, What’s the Key to Sustainable Stability?

The Zimbabwe Gold (ZiG) has faced persistent bearish pressure against the US dollar (USD), settling at an exchange rate of 26.7069 as of March 21, 2025, marginally weaker than its 26.7116 close on Jan

Mar 21, 2025