finance

South African consumer confidence recovers in second quarter

South African consumer confidence recovered in the second quarter A quarterly index measuring consumer sentiment climbed to -10 in the three months through June from -20 in the previous quarter, FirstRand’s First National Bank said in an emailed statement on Thursday. Other factors that also contributed to the improvement include additional withdrawals form the two-pot…

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‘Economy holds strong’

THE Reserve Bank of Zimbabwe (RBZ) says the country’s economy continues to demonstrate strong resilience supported by growth in key sectors, improved foreign currency inflows, and a steady inflation environment. Speaking at the on-going Zimbabwe National Chamber of Commerce (ZNCC) annual congress yesterday, the RBZ deputy governor, Innocent Matshe, said the developing economy was also…

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Redress: How ZIDA’s new grievance mechanism is rebuilding investor trust

By Theresa Muchinguri IN a strategic move to deepen investor trust and strengthen Zimbabwe’s appeal as a competitive investment destination, the Zimbabwe Investment and Development Agency (ZIDA) has launched an Investor Grievance Response Mechanism (IGRM).This initiative, grounded in Section 14 of the ZIDA (General Investments) Regulations [S.I. 227 of 2023], marks a critical development in…

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No reforms, no SMP – IMF

THE International Monetary Fund (IMF)’s answer to Zimbabwe’s latest request for a Staff Monitored Programme (SMP) was loud and clear- reforms first.While the Zimbabwean government has been willing to pursue some of the economic and governance reforms, one major hurdle has been its realisation that in doing so, there are tradeoffs to be made.It is…

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‘Midterm checkup must stir up firms’

THE upcoming mid-term budget review should go all out to foster the country’s economic stability and to address all the key issues that are stifling companies, business leaders said this week.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — they exhorted authorities to fortify…

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