Companies

November 19, 2019
By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) has been directed by the Monetary Policy Committee (MPC) to reduce lending rates to 35% in a move which will encourage borrowing and stimulate productivity. The resolution, communicated in a recent Central Bank statement, was reached at the MPC meeting...
CAFCA pursues export strategy as foreign sales volumes jump 
November 18, 2019
By Alois Vinga ZIMBABWE Stock Exchange (ZSE) listed cables manufacturer, CAFCA’s pursuance of...
Dairibord Zimbabwe racks in the forex
November 13, 2019
By Alois Vinga DAIRIBORD Zimbabwe Limited (DZL)’s foreign currency earnings surged to 109 %...
NSSA increases monthly retirement pension pay-outs by 65%
November 13, 2019
By Robert Tapfumaneyi NATIONAL Social Security Authority (NSSA) has increased the minimum monthly...
Impala’s Zim mine is said to be in talks to buy Amplats land
November 12, 2019
Bloomberg Impala Platinum Holdings is in talks to buy land in Zimbabwe from...
Edgars Stores in 17 % sales decline due to depressed govt wages
November 10, 2019
By Alois Vinga SUPPRESSED consumer spending patterns triggered by depressed salaries being paid...

Markets

November 13, 2019
By Alois Vinga MINERAL production in Zimbabwe will decline to around minus 40 % by year end owing to a host of challenges confronting the mining sector, the State of the Mining Industry 2019 survey reports. The report, released recently and compiled by the Chamber of Mines, established that...
67% wheat price hike set to trigger fresh bread price increase
November 10, 2019
By Staff Reporter HARD-PRESSED Zimbabweans can brace for fresh bread price increases after...
Regional milling indaba to afford Musarara chance to lure outside investors
October 6, 2019
By Staff Reporter GRAIN Millers Association of Zimbabwe (GMAZ) chairman, Tafadzwa Musarara is...
Mobile telecomms companies reaping the cash
October 5, 2019
By Alois Vinga CASH-in transactions grew by 108.1% while Cash-out transactions stood at...
Government to establish gold centres to increase output
September 16, 2019
By Alois Vinga GOVERNMENT has tabled a plan to establish gold centres which...
RBZ: US$799 million traded via interbank market since inception
September 15, 2019
By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) on Friday announced that...

Economy

November 16, 2019
By Alois Vinga FINANCE Minister, Mthuli Ncube Thursday suspended duty on raw cheese, milk powder and wine among other goods while turning a blind eye on broader raw material imports currently choking Zimbabwean industry. Presenting the 2020 national budget, Ncube announced the suspension of duty on raw cheese on ring-fenced quantities of...
2020 Budget: Mthuli Ncube projects 3 % economic growth, 2 % inflation decline by 2020
November 14, 2019
By Alois Vinga FINANCE Minister, Mthuli Ncube Thursday, presented a budget anchored on five...
Foreign currency deposits increase 5.41 %
November 13, 2019
By Alois Vinga FOREIGN currency deposits have maintained a growth trajectory, increasing by...
TNF meeting ends in a huff as social partners disagree on critical issues
November 12, 2019
By Alois Vinga A Tripartite Negotiation Forum meeting held recently ended in a...
Ncube budget fails to excite Zimbabweans, cornered govt expected to pamper security
November 12, 2019
By Alois Vinga ZIMBABWE business leaders, trade unionists and informal traders say they...
Chasi: Second Zesa board inside six months by end of November
October 31, 2019
By Alois Vinga ENERGY Minister, Fortune Chasi has announced he will soon appoint...