Posts by Charles Rukuni

The R2-billion takeover of sugar giant Tongaat Hulett by the controversial Rudland family of Zimbabwe has potentially crashed and burned. A key shareholder resolution paving the way for the deal…

While blaming China exclusively for COVID-19's apparent emergence in Wuhan, US authorities have suppressed inquiries into the role that US scientific research institutions may have played in creating the conditions…

The Zimbabwe foreign currency auction rate today remained above the interbank rate which fell to $304.4223 to the United States dollar against yesterday’s auction rate of $308.5201. The black market…

Patrick Soon-Shiong, a South African-born biopharma billionaire, has seen his net worth fall by more than US$956 million since the start of the year as investors continue to sell off…

Economist Eddie Cross says only four things are required to get Zimbabwe’s farming industry, and the country, back on its feet. “If we do not do this”, he argues, “we…

The Zimbabwe dollar today fell by $17.63 to average $308.5201 to the United States dollar down from $290.8876 last week. It has narrowed the gap with the black market rate…

“Inflation is always and everywhere a monetary phenomenon.” This famous quote by Milton Friedman is most often used by monetary economists (such as Greenwood and Hanke) to explain inflation. Inflation…

The United Kingdom has a longstanding arms embargo on Zimbabwe but it never discussed arms sales to Zimbabwe from Indonesia, Junior Foreign Minister Vicky Ford said. She had been asked…

Zimbabwe’s inflation for May soared from 96.4% in April to 131.7% this month but United States economist Steve Hanke put it at 244% as of 19 May. Month-on-month inflation rose…

Zimbabwean billionaire Strive Masiyiwa has lost over half a billion dollars as a result of a drop in the value of his stake in Econet Wireless Zimbabwe (Econet Zimbabwe) in…