WHILE some market watchers have raised the alarm over possible investor prejudice in recent deals on the Zimbabwe Stock Exchange (ZSE), chief executive Justin Bgoni says existing laws and market rules guarantee fairness. The market has lately seen a number of mergers, acquisitions and de-listings amid indications that some companies are angling for migration to…
ZIMBABWE has plans to diversify and beneficiate its product range to get maximum value from its exports. Last year the country’s exports grew to US$4,4 billion from US$4,28 billion recorded in 2019. However, worryingly for the country, primary commodities dominated the export list with minerals making up 73 percent of all exports, according to the…
With the advent of the new normal, where systems and the way of working are constantly changing, most individuals are opting for self-employment so as to service a larger number of clientele as well as pay lesser tax. This is particularly for services such as graphic designing, Information and Technology (IT), bookkeeping and accounting, only…
THE economics discipline involves studying economic or business cycles. An economic cycle is defined as the fluctuation of the economy between periods of expansion (growth) and contraction (recessions). It is usually measured with the Gross Domestic Product (GDP) of a country. Generally, an economic cycle goes through four stages namely expansion, peak, contraction and trough.…
THE government has called for market discipline and self-restraint by traders following the recent surge in prices of some goods in the country. Speaking on Tuesday during a Daily News webinar that unpacked the Reserve Bank of Zimbabwe (RBZ)’s recent Monetary Policy Statement, the ministry of Finance’s permanent secretary, George Guvamatanga, said the creeping indiscipline…
THE Reserve Bank of Zimbabwe (RBZ) mopped up $14,1 billion of excess liquidity through open market operations (OMO) between October and December last year, which it says aided containment of money supply below set targets. Reserve money — the fundamental component of money supply — closed 2020 at $18,76 billion, compared to a target of…
THE International Monetary Fund (IMF) says it cannot lend money to Zimbabwe unless Harare clears its arrears with other international lenders. At the same time, the IMF said Zimbabwe has been in good standing with it since it cleared its then longstanding arrears in 2016. IMF representative in Zimbabwe, Patrick Amir Imam, told The Financial…
DIVIDEND payments to foreign investors and capital remittances from disinvestments out of Zimbabwe increased 88 percent in 2020 to US$259 million as the central bank’s weekly currency auctions improved foreign exchange availability. Foreign investors have previously struggled to repatriate dividends and disinvestments due to foreign currency shortages and the Reserve Bank of Zimbabwe (RBZ)’s failure…
…as Coronavirus disrupts supply chains THE Confederation of Zimbabwe Industries (CZI) says nearly 86 percent of industry’s supply chains have been severely disrupted during the current national Covid-19 lockdown. Zimbabwean authorities imposed a tough lockdown at the beginning of January following a sharp rise in deaths and infections. In its State of the Industry Report,…
ZIMBABWE’S financial sector is primed for mergers and acquisitions in 2021 amid indications that a majority of institutions are struggling to raise capital, a research firm has said. High inflation in recent years has seen a number of institutions’ capital bases shrinking in real terms, raising solvency and liquidity risk. “Our research reveals that there…
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