FOLLOWNG on our article titled “The Economics of Oil” and our analysis on the impact of oil price shocks on inflation, we assess how the traffic jam on Suez Canal might have impacted oil prices. Approximately 10 percent of global seaborne oil trade, plus a large volume of liquified natural gas (LNG) and petroleum, sails…
THE government plans to shift from maize production to wheat this winter to cut the country’s huge import bill and ensure self-sufficiency in the commodity. The move — which comes in the wake of an anticipated bumper maize harvest this season — would likely ease wheat shortages and cut down on bread prices. “With a…
ZIMBABWE’S national herd increased marginally to 5,6 million in 2020 from 5,4 million the previous year, according to a report by the agricultural ministry. Permanent secretary in the Agriculture ministry, John Bhasera, revealed the figures during a field day at the Rattary Arnold Research Institute last week, but stressed that there was need to improve…
DELTA Corporation (Delta) has overtaken CBZ Holdings (CBZ) as the most valuable company on the Zimbabwe Stock Exchange (ZSE) after gaining more than 90 percent this year. In comparison, CBZ has lost 17 percent and is among only five counters in the red this year. The financial services group had surged to the top in…
THE Reserve Bank of Zimbabwe (RBZ) this week said it plans to introduce a lending facility for small and medium size enterprises (SMEs). The bank has also been working on a national collateral registry to allow borrowing without the need of immovable property, which is expected to be a “gamechanger” for SMEs. “The Monetary Policy…
EQUITIES firm, IH Securities Zimbabwe (IH) is forecasting Axia Corporation’s (Axia) revenue to grow by 378 percent for the year to June 2021, spurred by increased consumer demand. The firm said it expects a “drastic recovery in consumer spend” going into the company’s fourth quarter – beginning in April – driven by the grain selling…
CALEDONIA Mining Corporation – operators of gold producer Blanket Mine – has reported a 30 percent increase in full year revenue to US$100 million after achieving record output in 2020. The mine reported annual production of 57 899 ounces of gold compared to the 55 182 ounces produced in 2019. In a statement accompanying financial…
THE Reserve Bank of Zimbabwe (RBZ) says it has sterilised an additional $1,99 billion of excess liquidity through open market operations (OMO). Last month, the apex bank’s governor, John Mangudya said $14,1 billion had been mopped-up through OMO between October and December 2020, which aided containment of money supply below set targets. In a recent…
AN important aspect in forecasting inflation trends is assessing the impact of temporary price shocks. The expectations-augmented Phillips curve shows that inflation depends on inflation expectations, the gap between output and its natural level (output gap) and temporary price shocks. While inflation expectations and the output gap may be key drivers of inflation, they do…
EXPERTS have implored authorities to keep a beady eye on parallel foreign currency activities so that they do not jeopardise the recovery of Zimbabwe’s economy. Speaking to The Financial Gazette this week, the experts said the last thing the country needed now was to see a disruption of its foreign currency auction system — which…
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