BUSINESS says Zimbabwe’s relentless power cuts are causing untold damage to the economy, with the “no production, no pay” policy now being implemented by some stricken companies an indication of this calamity. Speaking to The Financial Gazette this week, captains of industry and commerce said the policy was being effected by some companies out of…

TREASURY says it expects the Zimbabwe dollar to quickly recover from recent shocks, which have seen it losing ground against the US dollar on both the official and parallel market. The southern African nation has instituted a number of policies to control inflation and stabilise the currency, including the introduction of gold coins and an…

BUSINESS is optimistic about striking viable deals with companies from Belarus after this week’s signing of several agreements to strengthen bilateral trade and investment relations between the two countries. The agreements were signed during the second edition of the Belarus-Zimbabwe Business Forum held in Harare during a state visit by Belarusian president Alexander Lukashenko. The…

ROSS-listed assets are trading at considerable premiums and discounts on the Victoria Falls Stock Exchange (VFEX) due to underdeveloped price discovery. Caledonia Mining Corporation (Caledonia) closed yesterday at US$14,43 per share on the New York Stock Exchange (NYSE), at par with its closing price on the London Stock Exchange of £11,68 (US$14,44). On the VFEX,…

THE Zimbabwe Construction Industries Association (ZCIA) has urged the government to take steps to protect the sector from tax penalties caused by delayed payments to contractors. This comes as the construction industry has also expressed concern about the government’s late payments for work done. “With this whole due diligence process, payments are not coming when…