BUSINESS is fretting over administered prices in the country, and especially fuel taxes, which have resulted in Zimbabwe having some of the most expensive petrol and diesel in the region. Captains of commerce and industry who spoke to The Financial Gazette this week said Zimbabwe’s ever rising fuel prices were not only raising the cost…
MINOR stocks on the Zimbabwe Stock Exchange (ZSE) outpaced larger peers during the first quarter of 2021, with the Small Cap Index gaining 298 percent compared to the all-share tracker’s 71 percent and the Top 10 Index’s 57 percent. And this gap, analysts say, was promoted by the emerging retail investment movement on the exchange.…
… further growth poised in 2nd quarter AS ZIMBABWE continues its fight against the Covid-19 pandemic, amid growing optimism that the country will remain on an economic recovery trajectory — experts have predicted much stronger performances in the second quarter of the year. The government’s continuing national Covid-19 vaccination programme, declining inflation and the tobacco…
… as tobacco, maize marketing season takes centre stage RETAILERS are expected to see a bounce in sales on the back of the tobacco marketing season and increasing economic activity following further relaxation of Covid-19 restrictions. The 2021 tobacco marketing season commenced last week, while maize marketing is looming large as farmers begin harvesting their…
LISTED hospitality company Rainbow Tourism Group (RTG) is now debt-free, after paying off outstanding debts during the year to December 31, 2020, the company’s chairman, Arthur Manase, has said. Announcing the company’s financial results Manase said the repayment of the debenture reduced the group’s gearing to one percent. In 2012 RTG’s gearing was at 70…
THE Zimbabwe Stock Exchange (ZSE) was the best performing securities market in Africa during the first quarter of 2021 as high inflation in the southern African country drove demand for ‘real assets’. The market gained 70,27 percent in ZWL$ terms and 64,99 percent in US$. Ghana Stock Exchange, the next best, gained 13,99 percent in…
THE government is establishing private sector-led chrome and coal processing facilities as part of the deliverables from the Mines ministry under the 100-day cycle programme. Information minister Monica Mutsvangwa told the media after this week’s Cabinet meeting that the Mines ministry would promote sustainable exploration, mining, beneficiation, value addition, marketing and management of mineral resources.…
MOST readers might have watched The Social Network, a 2010 American biographical drama film adapted from Ben Mezrich’s 2009 book The Accidental Billionaires. The film portrays the founding of social networking website Facebook and the resulting lawsuits. Since its release, The Social Network has been cited as inspiring involvement in start-ups and social media. It…
Most readers might have watched The Social Network, a 2010 American biographical drama film adapted from Ben Mezrich’s 2009 book The Accidental Billionaires. The film portrays the founding of social networking website Facebook and the resulting lawsuits. Since its release, The Social Network has been cited as inspiring involvement in start-ups and social media. It…
THE EmpowerBank’s gross lending increased by 159 percent to $61 million in 2020, driven by appetite for credit among its target customer-base, the youth. This comes as most banks have adopted a cautious approach to lending, with the average prudential liquidity ratio remaining high at around 70 percent, according to Reserve Bank of Zimbabwe (RBZ)…
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