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…
OPINION among local equities analysts as to whether the Zimbabwe Stock Exchange (ZSE) will return to fundamentals valuation in 2021 is split, with one side forecasting a return to basics while others see a continuation of inflation hedging. In the face of a currency crisis which has seen the country’s inflation rising as high as…
ANALYSTS have tipped the economy to rebound from the current coronavirus chaos in the next quarter, on the back of strong tobacco and grain deliveries following improved rainfall. At the same time, the Reserve Bank of Zimbabwe (RBZ) has said the country will remain on course to achieve its target of reducing inflation and increasing…
TOBACCO farmers struggled to recapitalise after last year’s marketing season on account of the government’s requirement to convert 50 percent of their foreign currency earnings into the local currency. The Tobacco Farmers Union of Zimbabwe (ToFUZ), which represents small-holder producers is now demanding that the forex retention ratio be increased to 70 percent noting that…
THE Economist Intelligence Unit (EIU) recently published its 2020 Democracy Index Report titled, In sickness and in health?. The report has interesting insights given that it provides a snapshot of the state of democracy worldwide in 165 independent states. This covers almost the entire population of the world and most territories. The index is based…
THE hiring of equipment or intellectual property from non-resident persons is prevalent in developing countries such as Zimbabwe. The leasing option is often preferred due to technological changes and lack of the capital outlay required to make an outright purchase. Also, owners of intellectual properties usually hold out their properties for hire while retaining ownership…
THE deplorable state in which our prisons and police detention facilities are in is a cause for concern to anyone with respect for human dignity. Human rights groups led by the Zimbabwe Lawyers for Human Rights and the Law Society of Zimbabwe have in the past challenged the dehumanising conditions of police cells as being…
BUSINESS is ramping up its efforts to help procure much-needed coronavirus vaccines for the country under a multi-sectoral initiative which aims to protect both workers and the broader local community. The multi-million dollar initiative, operating under the Business Preparedness Response and Prevention (BPRP) tag, brings together all major players in local commerce and industry. Among…
… as players begin re-build exercise THE country’s horticulture industry continues to choke from myriad challenges which include a significant loss of business last year, due to the current coronavirus pandemic. As the players plot a rebuilding exercise, they told The Financial Gazette this week that numerous challenges and obstacles were militating against their return…
ZIMBABWE’S manufacturing sector is this year set to rebound by seven percent on the back of improved power supply and a bumper agricultural season, equities firm, IH Securities Zimbabwe, has said. This comes as the sector witnessed a 9,6 percent decline in 2020 due to the effects of the Covid-19 pandemic. “Manufacturing sector to grow…
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