THE Zimbabwe Stock Exchange (ZSE) extended its lead over other regional markets in the third quarter of 2021, as its year-to-date (YTD) US$ returns grew from 92,2 percent to 138,8 percent. Data compiled by African Financials showed that the next best returning markets — Lusaka Stock Exchange and Malawi Stock Exchange — were far behind…
CALEDONIA Mining Corporation (Caledonia) is looking to raise as much as US$5 million through its secondary listing on the Victoria Falls Stock Exchange (VFEX), which is scheduled for December 1, 2021. The listing, which was first announced in July, will be through Depository Receipts (DRs) — instruments bearing rights to securities issued in other jurisdictions…
AMID rising global oil prices, on the back of firm demand for fuel as the world recovers from the ruinous coronavirus pandemic, local businesses are calling for the government to cut fuel taxes and levies, claiming the fees are further pushing up retail prices in the country. This comes as the Zimbabwe Regulatory Energy Authority…
ZIMBABWE is creating bilateral relations with other countries in the African Continental Free Trade Area (AfCFTA) to improve its competitiveness and productivity, Industry minister Sekai Nzenza has said. Speaking during a Global Federation of Competitiveness Councils’ (GFCC) virtual meeting last week, the minister said it was imperative for Zimbabwe to learn from the best in…
ESTATE planning is the process of anticipating and arranging for the disposal of an estate during a person’s life. The process involves matters such as writing a will to designate beneficiaries, or who will receive one’s assets after death. It may also involve setting up trusts in such a way as to reduce estate tax…
BUSINESS leaders have welcomed the Reserve Bank of Zimbabwe’s (RBZ) recent interest rate adjustment, saying it will encourage savings and deter speculation. Following a period of sustained stability in Zimbabwe, which saw inflation falling from a peak of 838 percent last July to 50 percent in August this year, inflation increased to 52 percent in…
DESPITE many global economies opening up amid a decline in the number of Covid-19 infections, Zimbabwe’s horticulture industry is still reeling under the pandemic, with players in the sector now incurring increased overhead expenses, the Horticultural Development Council (HDC) has said. HDC’s chief executive, Linda Nielsen, said the global shipping crisis caused by the pandemic…
A SENIOR government official says Zimbabwe must adopt a circular economy, which involves the recycling of waste to promote a sustainable environment management system. Environment ministry chief director for Environment, Climate and Meteorology, Prosper Matondi, recently told an Environmental Management Agency (EMA) 2022 strategic planning review workshop that a circular economy was well-suited for both…
INVESTMENT group, Platinum Groupe (Platinum), has won a European award from Capital Finance International (CFI) in recognition of its deal making exploits in Zimbabwe and abroad. Other notable winners under the prestigious awards, include global real estate investor Blue Rock, South African banking group Absa’s Seychelles wing, ING Bank, computer maker IBM, beverages maker PepsiCo,…
GENERAL Beltings Holdings (GB) expects its rubber division to continue to grow with the improvements in raw materials availability, due to an ongoing return to normalcy in supply channels, as authorities around the world have been lifting Covid-19 restrictions. The company saw volumes for the chemicals and rubber division growing 31 percent and 48 percent,…
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