FOR a long time now, Morgan & Co Research has consistently insisted that investors should park ZWL balances in blue-chip stocks. This is because we see massive opportunities in sectors and companies that are linked to GDP growth. Generally, the global economic rebound from the pandemic has picked up pace. Relief and stimulus measures in…
THE Zimbabwe Stock Exchange (ZSE) lost 2,83 percent in August, its worst performance in nine months, as demand for stocks continues to diminish amid sustained stability in the economy. Over the past few years, the market has rallied on the back of currency instability, with demand for real assets driving interest in equities. But since…
BOTH commerce and industry want more relaxations of the current coronavirus restrictions to further boost economic activity in the country. Speaking to The Financial Gazette this week, amid growing business confidence levels, business leaders said authorities could now safely further open up the economy given the success of the ongoing vaccination programme and the declining…
THE Reserve Bank of Zimbabwe (RBZ) says it will maintain a quarterly reserve money growth target of 20 percent to consolidate the stability seen in the economy over the past 12 months. Reserve money is a metric that tracks money supply in an economy, in particular, the portion that would be affected by money printing.…
THE Zimbabwe Agriculture Society (ZAS) says this year’s show, which will showcase synergies between agriculture and mining, has been boosted by a strong farming season and firmer mining commodity prices. The 111th edition of the country’s premier exhibition, the Zimbabwe Agricultural Show, organised by ZAS, is scheduled for end of this month and will be…
CABS nearly doubled its loan book during the half year to June from $8,51 billion as at December 31, 2020 to $16,38 billion as the firm increased lending in the wake of an improved economic environment under reduced Covid-19 restrictions. In the six months ending June 30, 2021, the society increased its foreign currency loan…
ZIMBABWE’S horticulture sector is targeting new markets in the region to reduce its over reliance on South Africa, after it suffered huge disruptions during the civil unrest experienced in the neighbouring county in July. Although South Africa is a top local, regional and international fresh produce supplier, it is also the biggest importer of fruit…
STANDARD Chartered Bank has reported an inflation adjusted profit after tax of $517,6 million for the half year ended June 30, 2021 up from $382,8 million as revenue grew by 49 percent, underpinned by growth in both interest and non-funded income. Standard Chartered chairman, Lovemore Manatsa, said the operating environment which he described as challenging…
BUSINESS has called on the government to revise its treatment of levies on mobile telecommunications services, saying the current arrangement amounts to double taxation and threatens operators’ viability. In 2014, the Treasury introduced a special excise duty on airtime (SED) at five percent, which was subsequently revised to 10 percent in 2017. According to the…
FORMULA 1 will make rule changes to prevent a recurrence of the events at last Sunday’s Belgian Grand Prix, motorsport boss Jean Todt says. Lewis Hamilton said the event, called off in heavy rain, was a “farce”. A result was declared after drivers were sent out for two laps behind the safety car. Todt, the president of governing…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More