LOCAL firms have implored authorities to take corrective action on the economy amid concerns that the operating environment will negatively weigh on companies’ earnings and adversely affect output. According to recent trading updates, the operating environment continued to be challenging throughout the year as the exchange rate has continuously depreciated. Power supply challenges also worsened…

THE country’s mounting economic woes mean that the minister of Finance, Mthuli Ncube, will be compelled to come up with a significant supplementary budget soon, experts say. Speaking to The Financial Gazette this week, the experts were also doubtful that the under pressure Treasury boss would be able to stabilise Zimbabwe’s bleeding economy in the…

THE Zimbabwe National Chamber of Commerce (ZNCC) has joined the growing chorus of criticism of Zimbabwe’s recently adopted blended Consumer Price Index (CPI), saying the new inflation baseline distorts market realities. This comes as the Confederation of Zimbabwe Industries (CZI) has resorted to producing its own inflation estimates as an alternative to official figures, which…

THE Chamber of Mines of Zimbabwe (CoMZ) is anticipating the mining industry to recover in the second half of 2023, on account of an expected improvement in the country’s power situation. Zimbabwe has been experiencing severe power shortages due to insufficient local generation and the inability of state utility Zesa to import the deficit. “Just…

EXPOSURE to Zimbabwe dollars in an increasingly dollarising economy is putting supermarkets’ profit margins under pressure, a local research firm has warned. This comes as experts have continuously warned that the worsening volatility of the Zimbabwe dollar is creating uncertainty within the economy. More than three-quarters of domestic spending is now in foreign currency, according…

THE Cass Saddle Agriculture Exchange Traded Fund (ETF) managers are bullish about local companies in the sector, which they expect to benefit from ongoing geopolitical tensions. The fund invests primarily in Zimbabwe Stock Exchange-listed (ZSE) stocks in the agriculture sector and its associated value chain. In a statement accompanying the fund’s results for the year…