Business

Business

ZIMBABWE’S economic outlook is gloomy due to impending drought, prompting industry players to call for the country’s best minds to apply themselves to save the situation. ...

PERSISTENT macro-economic risks and intense competition across regional cement producer Pretoria Portland Cement (PPC)’s business units have affected the firm’s return on capital and free cash flows, dampening ...

The Zimbabwean passport is the 15th strongest in Africa, allowing a holder to travel to 64 countries visa-free. Globally, the Zimbabwean passport ranks 79th, together with the Dominican ...

AFRICAN lithium company, Prospect Resources (Prospect) has received subscriptions for 4,84 million new ordinary shares at 20 cents per share to raise US$968 000 before costs for working capital. ...

CALEDONIA Mining Corporation says it expects gold production at its Banket Mine to marginally increase by about 1% to 56 000 ounces this year buoyed by the improved operational performance and the current firm gold prices. ...

The global surge in demand for lithium over the past few years has been impelled by the rising appetite for Electric Vehicles (EVs) and portable consumer devices. The rise in demand is attributed to the high energy density and high safety levels contained in the lithium ion batteries which has seen the value of the global lithium ion battery market being estimated to reach US$102 billion by 2026. ...

ZIMBABWE’S implied annualised inflation rate closed 2019 at 521%, defying authorities’ target to reduce it to at least 10-15%. According to Zimbabwe National Statistics Agency (ZimStat) month-on-month inflation rate in December 2019 was 16,55%, shedding 0,91 percentage points on the November 2019 rate of 17,46%. ...

Some reports suggest that Zimbabweans would have to pay US$76,000 to get their hands on just one bitcoin. But is that true and what’s the real story?For anyone ...

SMALL and medium-scale gold miners are now demanding that at least 80% of their gold sales to the central bank be paid for in the more stable United States dollar to enable them to sustain their operations. ...

FOREIGN currency shortages have reportedly stalled a deal between the National Railways of Zimbabwe (NRZ) and Union Wagons of Russia (UWR) for the supply of wagons and locomotives, an official has said. ...

THE Zimbabwe Stock Exchange (ZSE) is now able to receive applications for listing of exchange traded funds (ETFs) and exchange traded notes (ETNs) following the approval of the Securities and Exchange rules 2019. ...

ZIMBABWE hotel occupancies during the just-ended festive season were subdued as the harsh economic situation in the country took a huge toll on people’s holiday spending. ...

Every new year brings new possibilities for everyone. What do you want to achieve this year? Consider your financial goals and start taking the steps to achieve them now. ...

SEVERAL companies listed on the Zimbabwe Stock Exchange (ZSE) have been forced to defer publication of their financials for 2019 to allow for finalisation of reviews of inflation-adjusted ...

National Railways of Zimbabwe (NRZ) board chairman NRZ) board chairman Martin Dinha yesterday said they were in discussions with a Chinese company known as China Mining Logistics Holding ...

RESPECTED United States-based stockbroking firm, Morgan & Co Research, has urged Zimbabwean authorities to join the Rand Monetary Union (RMU) to resolve the prevailing currency volatility and stabilise the southern African country’s economy. ...

THE issue of constitutional literacy has attracted very little attention in scholarship on constitutionalism in Africa. Constitutional literacy involves educating people about a country’s Constitution. ...

A GAUGE tracking expected business conditions in six months’ time, as part of Absa Group Ltd’s Purchasing Managers Index (PMI), fell to 45.9 in December from 47.4 in the previous month, the Johannesburg-based lender said in an emailed statement yesterday. ...

GOVERNMENT has come under fire over statistical inconsistencies whereby the statistics in the pre-budget strategy paper are at variance with the 2020 national budget as well as the blue book. ...

THE country’s leather exports took a nosedive in 2019, registering a 58% drop to US$1,1 million compared to the same period in the previous year, figures released by the Zimbabwe National Statistics Agency (ZimStats) show. ...

ZIMBABWE’s top foreign currency earner, tobacco, has been hit hard by the extremely hot weather conditions, which are likely to significantly reduce yields, especially where there are no irrigation facilities. ...

ZIMBABWE’S milk production continued to register steady positive growth, registering a 10% increase for the nine months to September 2019, a new report has revealed. ...

GOVERNMENT has ordered the National Railways of Zimbabwe (NRZ) management to flight fresh tenders for the parastatal’s recapitalisation programme following the cancellation of the Diaspora Infrastructure Development Group (DIDG)-Transnet Consortium deal. ...

CAIRO-HEADQUARTERED African Export –Import Bank (Afreximbank) is courting contractors to construct its Harare trade centre envisaged to become the bank’s regional hub. ...

A TOP official at mining concern, Caledonia, says the company plans to commission its US$18 million central shaft expansion project at Blanket Mine in Gwanda during the fourth quarter of this year,. ...

Zimbabwe’s largest bank CBZ has launched two bond issues, seeking to raise US$80,6 million to finance maize and soyabean farming, as the country faces another drought that could worsen an already dire economic situation. ...

At a time Zimbabwe is anticipating a 3% economic growth, the United Kindgdom-domiciled global business intelligence entity, the Economist Intelligence Unit (EIU) has predicted the economy to shrink by a monstrous 13% this year. ...

ZIMBABWE’S fish export volumes increased by 37% to 2 318 tonnes between January and September 2019, driven by fresh water frozen fish and frozen tilapia, according to a Livestock and Meat Advisory Council (Lmac) report. ...

A GWERU gold miner has combined mining with agriculture in a bid to maximise production in the two sectors. ...

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