DAIRIBORD Holdings (Dairibord) topped gainers on the Zimbabwe Stock Exchange (ZSE) in October with returns of 116 percent. In comparison, the market benchmark All Share Index was up by 2 percent, while second and third-best gainers, ZB Financial Holdings (ZB) and Axia Corporation (Axia), were up by 74 percent and 64 percent, respectively. Dairibord has…
THIS week we will be discussing the parate executie (or summary execution) clause in contracts, what it is and whether it is a part of Zimbabwe law. This clause is a useful tool for the efficient recovery of debts pursuant to business transactions. Knowledge of what it is and how it can be used in…
THE Zimbabwe National Chamber of Commerce (ZNCC) says the government should provide more details on the qualifying criteria for the recently announced US$30 million revolving funds set aside for the industry and tourism sectors. The US$30 million, split into US$22,5 million for industry and $7,5 million for tourism, will be drawn from the US$958 million…
THE introduction of a capital gains tax (CGT) of 40 percent on the Zimbabwe Stock Exchange (ZSE) will slow down activity on the market, analysts have warned. The government raised capital gains withholding tax from two percent to four percent in May as part of measures to restrict speculative activity on the local bourse, which…
ECONOMISTS are concerned that Zimbabwe’s current relative economic stability could be jeopardised soon if money supply continues to grow at present rates. Speaking to The Financial Gazette this week, the economists said money supply — the total amount of money, including cash, coins and balances in bank accounts in circulation in the country — had…
THE upcoming Agriculture Sector Survey will provide critical information on the state of the country’s agriculture industry to both existing and potential investors, the Zimbabwe Agricultural Society (ZAS) has said.
THE Securities and Exchange Commission of Zimbabwe (SecZim) says the Treasury should incentivise issuers on the Zimbabwe Stock Exchange (ZSE) to salvage the market’s appeal amid a mass exodus…
DESPITE recording subdued capital spending prospects and reporting a decline in the mining business confidence index, the sector is optimistic of better prospects in 2023. According to the State of the Mining Industry report released this week, key risks to the outlook for 2023 identified by mining executives include fragile power supply, high-cost structure, foreign…
CBZ Bank (CBZ) has launched custodial trustee services to offer a wide range of services to both institutional and individual traders on the Zimbabwe Stock Exchange (ZSE) and Victoria Falls Stock Exchange (VFEX). With the new initiative, CBZ managing director Lawrence Nyazema said the financial institution seeks to position itself to partner with capital markets…
THE Middle East’s business hub, Dubai, says it wants to grow business relationships with Zimbabwe, as it views Africa as a continent ready to fulfill its potential. Dubai International Chamber’s Middle East and Africa regional manager, Khalid Al Ali, told a national exporters conference in Harare that his home city’s success story was due to…
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