South Africa's foreign exchange reserves soared to an unprecedented US$62.21 billion in July 2023, surpassing the previous month's figure of US$61.55 billion and exceeding market predictions of $61.63

The dollar has dipped to 105 from 104 last week with the highest being achieved in July at 99.9 as investors adopted a cautious approach while awaiting important U.S. inflation data. The upcoming rele

Global gold prices have started the week on a firmer note, stabilizing around $2,305 per ounce yesterday, following a 3.5% drop on Friday - the largest daily decline since November 2020. Investor sen

The embattled ZiG, a currency embroiled in a fierce battle for survival, has found itself in a perilous state, trading at an alarming rate of 13.7689 against the mighty U.S. dollar on July 24th, 2024

he Zimbabwe Gold (ZiG) has recorded a poor performance in July 2024. It started trading in April 2024 at a high of 13.56 ZiG per US dollar, but by the end of July 2024 had fallen to 13.79 per dollar.

aledonia Mining Corporation, the second-largest gold producer, has reported a record gold output of 20,773 ounces (648 kg) during the second quarter ended June 30, 2024. This has taken the company's

The Zimbabwe Gold (ZiG) traded at 13.8076 from 13.7863 on the 15th of August last week, continuing the downward trend observed in July 2024. This decline, coupled with the alarming situation on the p

Zimbabwe Gold (ZiG) traded at 13.8388 on the 29th August 2024, up from 13.8076 on August 22, extending its weekly declines into months. In the latest trade, the ZiG exhibited a week-on-week drop of 0

the Reserve Bank of Zimbabwe (RBZ) has announced its mid-term monetary policy statement, with no major shifts. The main bank rate remains unchanged, along with the interest rate corridor and statutor

The Zimbabwe Gold (ZiG), the country’s latest currency initiative, appears to be one of the most ill-fated ventures in recent years, especially when compared to its predecessors: Bond Notes, RTGS, and

he Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in fuel prices for November, impacting both petrol and diesel. Petrol prices have risen from US$1.49 per litre in October to U

The Reserve Bank of Zimbabwe (RBZ) announced that the reserves backing the Zimbabwe Gold (ZiG), the fourth currency introduced in nearly a decade, have surpassed US$500 million, reaching US$509 millio