Currency & El Niño dominate priorities

FINANCE minister Mthuli Ncube’s upcoming 2027 national budget must balance urgent currency stabilisation and corporate tax relief against the looming threat of a “Super El Niño” drought, experts say. Speaking to The Financial Gazette — the country’s number one business pub­lication and prime voice for industry and commerce — the experts added this week that…

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New coal, chrome markets to boost export earnings

NEW coal and chrome export markets are set to boost mineral sales and generate additional foreign currency earnings for the coun­try, authorities have said. Minerals Marketing Corpo­ration of Zimbabwe (MMCZ) general manager Nomusa Moyo said the new markets would expand the country’s customer base and create op­portunities to increase export revenue. “We have already made…

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Analysts urge selective stock picking

INVESTORS should “selec­tively” buy shares of counters with strong cash generation and resilient operations amid an anticipated economic slowdown next year, investment analyst FBC Securities has said. The securities dealing firm further called for caution despite the ongoing broader market rally, which has seen the ZSE All Share Index rise 13 percent during the third…

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Tanganda seeks VFEX listing

TANGANDA Tea Company is seeking shareholder ap­proval to delist from the Zimbabwe Stock Exchange (ZSE) and list on the Victoria Falls Stock Exchange (VFEX). In a circular to shareholders, the company said the pro­posed migration would align its listing currency with its predominantly US dollar-denominated, export-oriented business. The move is also expected to reduce trading…

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