THE government has advised that Zimbabwe’s current grain and cereal stocks at the Grain Marketing Board (GMB) will last 11,5 months and 7,3 months respectively. The stocks will go a long way in ensuring food security in Zimbabwe, as the country strives for food self-sufficiency after failing to produce enough, hence the reliance on imports…
CBZ Bank says it will continue introducing financially-inclusive initiatives that improve farmers’ access to funding to enhance growth, incomes, employment opportunities and reduce poverty across the economy. The bank which, every year in partnership with The Financial Gazette, the Zimbabwe Agricultural Society and Africa Economic Development Strategies, publishes the Zimbabwe Agriculture Sector Survey said a…
THE Securities and Exchange Commission of Zimbabwe (SecZim) chief executive officer, Anymore Taruvinga, says at least 19 different players have been registered to trade on the capital markets in the first nine months of this year amid surging interest from prospective participants. In an interview on the sidelines of the CBZ Bank Trustee Services launch…
OUTGOING People’s Own Savings Bank (POSB) chief executive Admore Kandlela, wound up his long career with the mass market lender in fine form last week, with shareholders and colleagues crediting him for stabilising and growing the banking institution during his tenure. Kandlela joined POSB in October 2003 as chief executive officer with a brief to…
AGRICULTURE minister Anxious Masuka says the marginal increase reported in livestock numbers last year bodes well for future growth prospects in the wake of recent serious disease outbreaks. This comes as the government says the country is making progress in the fight against livestock diseases such as Theileriosis, which is more commonly referred to as…
DAIRIBORD Holdings (Dairibord) topped gainers on the Zimbabwe Stock Exchange (ZSE) in October with returns of 116 percent. In comparison, the market benchmark All Share Index was up by 2 percent, while second and third-best gainers, ZB Financial Holdings (ZB) and Axia Corporation (Axia), were up by 74 percent and 64 percent, respectively. Dairibord has…
THIS week we will be discussing the parate executie (or summary execution) clause in contracts, what it is and whether it is a part of Zimbabwe law. This clause is a useful tool for the efficient recovery of debts pursuant to business transactions. Knowledge of what it is and how it can be used in…
THE Zimbabwe National Chamber of Commerce (ZNCC) says the government should provide more details on the qualifying criteria for the recently announced US$30 million revolving funds set aside for the industry and tourism sectors. The US$30 million, split into US$22,5 million for industry and $7,5 million for tourism, will be drawn from the US$958 million…
THE introduction of a capital gains tax (CGT) of 40 percent on the Zimbabwe Stock Exchange (ZSE) will slow down activity on the market, analysts have warned. The government raised capital gains withholding tax from two percent to four percent in May as part of measures to restrict speculative activity on the local bourse, which…
ECONOMISTS are concerned that Zimbabwe’s current relative economic stability could be jeopardised soon if money supply continues to grow at present rates. Speaking to The Financial Gazette this week, the economists said money supply — the total amount of money, including cash, coins and balances in bank accounts in circulation in the country — had…
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