US firms in Africa set to be honoured
THE University of the Witwatersrand’s African Centre for the Study of the United States (ACSUS) is set to honour United States (US) companies that are operating businesses in Africa.
THE University of the Witwatersrand’s African Centre for the Study of the United States (ACSUS) is set to honour United States (US) companies that are operating businesses in Africa.
AUTHORITIES are hoping that the first batch of 2 000 gold coins that the Reserve Bank of Zimbabwe (RBZ) has rolled out will help to stabilise the under pressure local currency and rising prices of basic goods. Speaking in Harare yesterday, RBZ governor John Mangudya said the coins — worth US$1 823,80 each or $805…
ZIMBABWE is this week hosting its annual Mining, Engineering and Transport Expo (Mine Entra) in Bulawayo. Our Senior Staff Writer Farai Mabeza (FM) speaks to Chamber of Mines of Zimbabwe president Colin Chibafa (CC) on the current state of the mining sector and outlook. Below are excerpts of the interview: FM: May you give us…
THE Zimbabwe Stock Exchange (ZSE) says it is in close engagements with a number of prospective issuers of real estate investment trusts (REITs), and anticipates listings to begin soon. A REIT is a company that owns, operates or finances income-producing real estate. The ZSE has been pursuing REITs for a while amid expectations that they…
STOCKS now constitute a larger portion of pension fund portfolios on account of the faster rate at which the asset class has been re-valuing, relative to other classes, the industry regulator has said. In its latest report on the sub-sector, the Insurance and Pensions Commission (Ipec) said quoted equities, at $246,94 billion, constituted 50,59 percent…
THE Cass Saddle Agriculture Exchange Traded Fund (ETF) has had a strong start on the Zimbabwe Stock Exchange, gaining 32 percent in its first four trading sessions despite the current bear market. ETFs are funds that track the performance of a specified security which include but are not limited to indices, commodities, currencies or any…
DIVERSIFIED telecommunications group, Econet Wireless Zimbabwe (Econet) says the high taxes levied on the telecoms sector continue to pile pressure on the group’s margins, curtailing network expansion projects. In a statement accompanying financial results for the year ended February 28, 2022, Econet chairman James Myers said the industry is currently subject to 10 percent excise…
Most people are asking why it is legal to trade in gold coins now when it has generally been the position that individuals cannot trade in gold. The point of departure is to assure the public that buying and selling gold coins is in compliance with section two of the Gold Trade Act, which allows…
FINANCE minister Mthuli Ncube’s mid-term budget review expected this month-end must consider submissions made by business. Already, the country’s biggest business organisations have called on treasury to offer tax breaks to cushion industry, which might help reduce the cost of doing business as well as prices of goods and services. The intermediated money transfer tax…
THE desperation of investors seeking liquidity to pay down high interest rate borrowings is undervaluing stocks on the Zimbabwe Stock Exchange (ZSE), a financial services firm has said. First Mutual Wealth (FMW), said despite this, the market remains an inflation hedge and offers decent value retention and growth prospects amid high inflation. “It is an…
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