LISTED agricultural concern, Ariston Holdings Limited (Ariston) suffered a 15 percent decline in tea volumes export during the quarter to June 30, 2022 due to shipping logistics disruptions. In a trading update for the third quarter to June 30, 2022, Ariston said selling prices improved by an average of six percent during the period under…
FINANCE minister Mthuli Ncube says the insurance industry, which is struggling to meet prescribed asset requirements, should look at private equity approved by the government. According to the latest Insurance and Pensions Commission (Ipec) reports, the majority of companies in the insurance and pension sector have failed to meet prescribed asset thresholds. Ncube told an…
THE University of the Witwatersrand’s African Centre for the Study of the United States (ACSUS) is set to honour United States (US) companies that are operating businesses in Africa.
AUTHORITIES are hoping that the first batch of 2 000 gold coins that the Reserve Bank of Zimbabwe (RBZ) has rolled out will help to stabilise the under pressure local currency and rising prices of basic goods. Speaking in Harare yesterday, RBZ governor John Mangudya said the coins — worth US$1 823,80 each or $805…
ZIMBABWE is this week hosting its annual Mining, Engineering and Transport Expo (Mine Entra) in Bulawayo. Our Senior Staff Writer Farai Mabeza (FM) speaks to Chamber of Mines of Zimbabwe president Colin Chibafa (CC) on the current state of the mining sector and outlook. Below are excerpts of the interview: FM: May you give us…
THE Zimbabwe Stock Exchange (ZSE) says it is in close engagements with a number of prospective issuers of real estate investment trusts (REITs), and anticipates listings to begin soon. A REIT is a company that owns, operates or finances income-producing real estate. The ZSE has been pursuing REITs for a while amid expectations that they…
STOCKS now constitute a larger portion of pension fund portfolios on account of the faster rate at which the asset class has been re-valuing, relative to other classes, the industry regulator has said. In its latest report on the sub-sector, the Insurance and Pensions Commission (Ipec) said quoted equities, at $246,94 billion, constituted 50,59 percent…
THE Cass Saddle Agriculture Exchange Traded Fund (ETF) has had a strong start on the Zimbabwe Stock Exchange, gaining 32 percent in its first four trading sessions despite the current bear market. ETFs are funds that track the performance of a specified security which include but are not limited to indices, commodities, currencies or any…
DIVERSIFIED telecommunications group, Econet Wireless Zimbabwe (Econet) says the high taxes levied on the telecoms sector continue to pile pressure on the group’s margins, curtailing network expansion projects. In a statement accompanying financial results for the year ended February 28, 2022, Econet chairman James Myers said the industry is currently subject to 10 percent excise…
Most people are asking why it is legal to trade in gold coins now when it has generally been the position that individuals cannot trade in gold. The point of departure is to assure the public that buying and selling gold coins is in compliance with section two of the Gold Trade Act, which allows…
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