A REVIEW of the Zimbabwe Stock Exchange (ZSE)’s Top 10 Index constituents at the end of September saw British American Tobacco (BAT) reclaiming its spot among the heavyweights, on the back of a 121 percent gain during the third quarter. The tobacco processor had fallen out of the list of the largest companies on the…
DESPERATE to maintain the counatry’s relative economic stability of the past year, government and business are escalating their collaboration to stop things going off the rails completely in the wake of the recent market shocks. Of particular concern to both authorities and business is the widening gap between the official and parallel market foreign currency…
THE Reserve Bank of Zimbabwe (RBZ) is making strides in honouring legacy debts as firms on the local bourse continue to report payments and commitments for settlements. Between 2015 and 2019, a number of companies could not remit payments to foreign suppliers and shareholders due to foreign currency scarcity in the country. After the introduction…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says the high cost of international Internet connectivity has remained a challenge for domestic service providers, piling on to the myriad challenges faced by the sector. In a report of the sector’s performance during the second quarter of 2021, which was published this week, Potraz director-general…
THE National Handling Services (NHS) is in the market for US$5 million to equip its dry port in Walvis Bay, Namibia. This follows a US$1 million investment by NHS into the facility since it assumed authority at the port in July 2019. “We have invested … in the facility since we took over and we…
NEW payment system that allows the use of domestic currencies within the African Free Continental Free Trade Area (AfCFTA) could save the bloc US$5 billion in conversion costs, an official has said. AfCTA secretary-general Wamkele Mene told the media in Harare last week that the new system is being piloted in Gambia, Ghana, Nigeria, Guinea,…
ZIMBABWEAN exporters should aggregate products to meet international orders, which usually require bulk consignments, ZimTrade has said. This comes amid rising demand for the country’s products, particularly in horticulture, from countries such as the United Arab Emirates (UAE), China and Russia. The trade promotion body recently said the country was failing to meet the new…
CFI Holdings gained 5 720 percent on the Zimbabwe Stock Exchange (ZSE) on Tuesday to close at $41,12 in its first trades since 2018, following the lifting of its suspension on the market last week. The counter’s year-to-date gains are now the third highest on the bourse, after Unifreight and GetBucks ― 18 700 percent…
CALEDONIA Mining has reported record production of 18 965 ounces of gold at Blanket Mine, for the quarter ended September 30, 2021. The record gold haul pushed production at the mine during the nine months to 48 872 ounces, 14 percent higher compared to the 42 887 ounces produced during the same period in 2020.…
TELECOMMUNICATIONS service provider TelOne has entered into a partnership with Africa University to develop knowledge and skills among its executives. Speaking at the programme’s inaugural graduation ceremony in Harare last week, Information and Communications Technology (ICT) minister Jenfan Muswere said the partnership will allow the organisation to get up to speed with global trends and…
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