Tsingshan Holding Group is considering tripling output at its new Zimbabwe steel plant, a move that would strain South Africa's struggling steel industry. The expansion at Manhizhe targets two million tonnes, intensifying regional competition. The plant's ramp-up threatens to flood South African markets, exposing the fragility of its domestic steel sector against cheaper imports from a politically connected Chinese giant.
Archive — 2026-08-26
3 stories Ikka considered most significant on this day. Tap the on any story to read its summary and sources.
Wicknell Chivayo, a Zanu PF-linked businessman, offered ten bulletproof vehicles and US$250,000 in gear to Harare's CID. This follows his controversial history with state contracts and previous tenders. Chivayo's offer exposes the deepening entanglement of private wealth with state security, bypassing procurement and accountability channels to cement political influence within the police force.
Zimbabwe's ZWG annual inflation dropped to 2.9% in August, with month-on-month inflation stable at 0.1%, a trend reported by ZimStat. The central bank's tight monetary policy is forcing a fragile deflationary trend, but nominal stability masks a core vulnerability. The country's dollarized informal economy remains resistant to official controls, and any policy misstep could reignite the inflationary spiral that has historically wrecked savings.