BUSINESS NEWS

Gold price set to top US$4 000 by 2026

Financial services firm Inter Horizon Securities (IH) has forecast that gold prices will surpass US$4 000 per ounce by the end of 2026 - a surge analysts say could significantly boost Zimbabwe's econ...

BUSINESS NEWS

CZI urges businesses to align prices with deflationary trend

The Confederation of Zimbabwe Industries (CZI) has called on local businesses to review and adjust their pricing structures to reflect the country's ongoing decline in inflation, saying companies must...

BUSINESS NEWS

No justification for bread price increases

The Government and key milling industry stakeholders have clarified that Statutory Instrument (SI) 87 of 2025 does not apply to wheat, and therefore cannot be used to justify any increase in the price...

BUSINESS NEWS

Bread price hike looms

Consumers should brace for an increase in bread prices starting November 1, 2025, following the gazetting of Statutory Instrument (SI) 87 of 2025 by Industry and Commerce Minister Mangaliso Ndhlovu la...

BUSINESS NEWS

Gold prices fall most since 2013

The global gold market suffered a dramatic setback on Tuesday, with prices tumbling more than 5 percent in what analysts say is the steepest single-day decline in more than ten years.Gold futures fel...

BUSINESS NEWS

'Local authorities driving up property prices'

 Local authorities are partly responsible for Zimbabwe's soaring property prices due to excessive demands and bureaucratic inefficiencies that are driving up development costs, a leading property...

MINING & RETAIL

Zimbabwe gold prices move to 118.26 per gram

Zimbabwe's artisanal and small-scale gold miners are reaping major rewards after gold prices surged to US$118.26 per gram (3,678.64 per ounce), the highest level recorded in recent months.The price ra...

BUSINESS NEWS

Zimbabwe proposes maize price of US$380/MT

Government has proposed a planning price of US$380 per metric tonne for maize and traditional grains for the 2025/26 cropping season, a slight increase from the current US$376/MT. The adjustment is in...

MINING & RETAIL

Gold prices hit record high

Zimbabwe's gold miners are celebrating as local gold prices hit record levels on 9 September 2025, according to the latest mining sector data.Fidelity Gold Refinery (FGR) reported a top rate of US$110...

BUSINESS NEWS

Zimbabwe fuel prices remain among Africa's highest

Zimbabwe's fuel prices remain among the highest in Africa despite a minor adjustment announced this month.Data from the Zimbabwe Energy Regulatory Authority (ZERA) shows petrol prices dropped slightl...

BUSINESS NEWS

Record gold prices brighten Zimbabwe's trade outlook

Gold surged to a new all-time high on Tuesday, lifting Zimbabwe's economic prospects as the country continues to benefit from strong exports of the precious metal.Spot gold climbed 0,8 percent to a re...

INDUSTRIALS & ENERGY

Zera announces drop in LPG prices

THE Zimbabwe Energy Regulatory Authority (Zera) has announced a reduction in Liquefied Petroleum Gas (LPG) prices in both US dollars and local currency for August 2025.In its latest update, Zera pegge...

INDUSTRIALS & ENERGY

Zera reviews ZiG fuel prices downwards

The Zimbabwe Energy Regulatory Authority (ZERA) has announced a downward revision of fuel prices in local currency, effective from August 8 until September 4, 2025. The move follows the authority's ro...

BUSINESS NEWS

RBZ warns against price instability

The Reserve Bank of Zimbabwe (RBZ) has issued a cautionary note on the dangers posed by exchange rate volatility, stressing that fluctuations in the value of the local currency could severely undermi...

MINING & RETAIL

Gold buying prices per gram in Zimbabwe, 9 July 2025

Gold buying prices per gram in Zimbabwe today, 9 July 2025, from the official gold buyer and exporter Fidelity Gold Refinery (FGR).SG 90% and ABOVE US$100.71/g.SG ABOVE 89% BUT BELOW 90% US$99.64/g.SG...

LANDS & AGRICULTURE

Zimbabwe's agric producer prices surge 36.4%

Zimbabwe's agricultural producer prices spiked sharply in May 2025, with the Zimbabwe National Statistics Agency (ZimStat) reporting a 36.4% year-on-year (YoY) increase in the Producer Price Index for...

BUSINESS NEWS

DStv Zimbabwe hikes price

DStv subscribers in Zimbabwe will see slight increases in their subscription fees beginning June 1, 2025, following an official price adjustment announced by MultiChoice Zimbabwe.In a notice released ...

TELECOMS & TECHNOLOGY

Econet to hike bundle prices on Wednesday

Leading telecommunications provider Econet Wireless Zimbabwe has announced a scheduled revision of its Voice, Data and SMS bundle prices, set to take effect on Wednesday, 21 May 2025.In a public notic...

LANDS & AGRICULTURE

Cotton farmers want immediate price talks

Zimbabwean cotton farmers are pressing the Agriculture Marketing Authority (AMA) to urgently initiate price negotiations for the 2025 marketing season, warning that any further delay could trigger wid...

TELECOMS & TECHNOLOGY

Sony hikes price of its PlayStation 5 console in Europe

Sony says it has increased the price of its PlayStation 5 console in markets in Europe, Britain, Australia and New Zealand.The Japanese technology and entertainment conglomerate says a "challenging ec...

AFRICA BUSINESS

South Africa's electricity prices have risen by over 600% since 2008

South Africa's electricity prices have skyrocketed by more than 600% since 2008, far outpacing headline inflation and becoming a key structural driver of rising costs across the economy. This relentl...

ASIA PACIFIC

Oil price resurgence has further to run

When crude surges above US$90 a barrel and the leaders of Saudi Arabia and Russia get on the phone to congratulate each other on a job well done, oil consumers should take note.After half a year in th...

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and ca...

BUSINESS NEWS

Fuel prices remain unchanged

THE Zimbabwe Energy Regulatory Authority (Zera) said on Saturday that the country's fuel prices remain unchanged for this week, much to the relief of motorists used to weekly price increases. This i...

INDUSTRIALS & ENERGY

Why Zimbabwe quadrupled its electricity prices

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulato...