DELTA Corporation (Delta) does not expect to join a number of companies that are migrating from the Zimbabwe Stock Exchange (ZSE) to the foreign currency-denominated Victoria Falls Stock Exchange (VFEX), saying the new bourse does not suit its needs. The chief executive of the ZSE’s largest company by market capitalisation, Matlhogonolo Valela, told a media…
THERE has been a low default rate on repayment of loans under Zimbabwe’s Belarus-sponsored farm mechanisation programme, a government official has said. The programme has so far seen the deployment of equipment worth more US$60 million. The director of agricultural engineering, mechanisation and soil conservation in the ministry of Agriculture, Edwin Zimunga, recently told The…
BUSINESS leaders and economic experts say Zimbabwe’s economic woes could worsen as the South African rand weakens, reducing local industry’s competitiveness and draining foreign exchange from the economy, while widening the country’s trade deficit with its neighbour and major trading partner. The rand last week tumbled to a record low against the dollar — past…
ZIMBABWE’S gross domestic product (GDP) growth rates were inconsistent over the period 2019-2022, the latest data from ZimStat shows. In its recent dissemination of the quarterly GDP estimates for the period, the country’s national statistics office noted that quarterly growth rates showed fluctuations in economic activity. “In 2022, the first quarter recorded a slowdown of…
FINANCIAL services firm IH Securities says it expects to see a continuous correlation between money supply and stock prices on the Zimbabwe Stock Exchange (ZSE). Over the years, the market has been sensitive to inflation developments in the broader economy, as demand for value-preserving assets has persistently risen. “We are of the view we will…
THE law is often a serious endeavour because people’s livelihoods, freedom and reputations are often at stake. But sometimes lighter moments occur that remind us of what the law is really meant to achieve in society, to promote and protect human dignity. At the core of all the law is the requirement that people be…
THE government is likely to raise wages again for its workers in the short-term following the continued depreciation of the Zimbabwe dollar, local research firm IH Securities has said. The last salary hike for the civil service was in March. “Mounting ZWL depreciation and inflation have significantly reduced purchasing power, a scenario that is likely…
OPTIMISM is high among both authorities and analysts about the prospects of the country’s key mining industry. This is especially so in the wake of the recent crafting of a new lithium policy by the government, which is expected to further lift the sector’s contribution to the economy significantly. Zimbabwe has the largest lithium reserves…
ZIMBABWE faces a risk of failing to carry out the necessary reforms for its debt resolution plans due to a number of hurdles, research firm Fitch Solutions has warned. The country remains in debt distress with a total consolidated debt of US$17,5 billion of which US$14,04 billion is owed to international creditors, while domestic debt…
A LACK of macroeconomic stability and policy credibility are Zimbabwe’s biggest hurdles in its de-dollarisation plan, a local research firm says. The southern African country reintroduced its currency in 2019 after a decade of dollarisation, but the local unit has depreciated sharply against the US dollar due to low confidence. The country has been fast…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More