FINANCIAL services firm IH Securities says it expects to see a continuous correlation between money supply and stock prices on the Zimbabwe Stock Exchange (ZSE). Over the years, the market has been sensitive to inflation developments in the broader economy, as demand for value-preserving assets has persistently risen. “We are of the view we will…
THE law is often a serious endeavour because people’s livelihoods, freedom and reputations are often at stake. But sometimes lighter moments occur that remind us of what the law is really meant to achieve in society, to promote and protect human dignity. At the core of all the law is the requirement that people be…
THE government is likely to raise wages again for its workers in the short-term following the continued depreciation of the Zimbabwe dollar, local research firm IH Securities has said. The last salary hike for the civil service was in March. “Mounting ZWL depreciation and inflation have significantly reduced purchasing power, a scenario that is likely…
OPTIMISM is high among both authorities and analysts about the prospects of the country’s key mining industry. This is especially so in the wake of the recent crafting of a new lithium policy by the government, which is expected to further lift the sector’s contribution to the economy significantly. Zimbabwe has the largest lithium reserves…
ZIMBABWE faces a risk of failing to carry out the necessary reforms for its debt resolution plans due to a number of hurdles, research firm Fitch Solutions has warned. The country remains in debt distress with a total consolidated debt of US$17,5 billion of which US$14,04 billion is owed to international creditors, while domestic debt…
A LACK of macroeconomic stability and policy credibility are Zimbabwe’s biggest hurdles in its de-dollarisation plan, a local research firm says. The southern African country reintroduced its currency in 2019 after a decade of dollarisation, but the local unit has depreciated sharply against the US dollar due to low confidence. The country has been fast…
ZIMPLOW says it is reorganising its business after its distribution deal with leading earth-moving equipment brand, Caterpillar, was terminated last year, resulting in a $1,25 billion loss compared to a $1,49 billion profit in 2021. The group’s Barzem subsidiary exited the Caterpillar distributorship on September 30, 2022, due to “changes in strategic direction by both…
TRADE development and promotion body, ZimTrade recently concluded a market survey of Nigeria to explore export opportunities for Zimbabwean companies. According to ZimTrade, the survey, whose full results will be presented to local companies, revealed huge opportunities for Zimbabwean products across sectors, including services. Nigeria is located on the western coast of Africa and has…
NMBZ Holdings (NMBZ) says it expects its property subsidiary to contribute at least 10 percent to the bank’s income, with the proceeds increasing as the unit grows. The group diversified its operations into the property market by establishing a fully-fledged property division, which is part of the banking unit. Speaking at the official launch of…
DAIRIBORD Holdings says its business demonstrated steady volume growth month-on-month in the first quarter, ending at 14 percent compared to last year. In a trading update for the period ended March 31, 2023, Dairibord said the performance was driven by a sustained increase in production and improved distribution across the country. This comes as the…
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