One of the foundational principles in the theory of international trade has to do with comparative advantage. The law is popularly attributed to English political economist David Ricardo and his 1817 book, On the Principles of Political Economy and Taxation. It refers to an economy’s ability to produce a particular good or service at a…
FINANCE and investment advisory services group, Imara Holdings (Imara), says fresh concerns have arisen in the local market over potential US$ inflation at a time the ZWL$ has been stabilising. In a recent note, Imara said inflation fears for global economies using greenbacks comes as the US has announced rapid money growth together with massive…
THE Tourism Business Council of Zimbabwe (TBCZ) says domestic tourism remains low on account of depressed disposable incomes and high operating costs at a time the industry is trying to look within to counter the impact of the Covid-19 pandemic. TBCZ chief executive, Paul Matamisa, told The Financial Gazette that with restrictions and embargoes still…
TOBACCO farmers say they are losing out on their earnings due to the disparity between official foreign currency exchange rate and parallel market rate. The farmers surrender 40 percent of their foreign currency earnings to the Reserve Bank at the auction rate currently hovering around US$1 to $84. On the parallel market the greenback is…
THE Confederation of Zimbabwe Industries (CZI) has urged government to revise exporters’ foreign currency retention downwards, warning that current levels threaten business viability. In January, the Reserve Bank of Zimbabwe (RBZ) increased the portion paid out in local currency at the official exchange rate to 40 percent from 30 percent. “The plea to the Finance…
TIME has often proved that vows made before marriage officers and exhilarated guests are meaningless as marriages have crumbled after parties have discovered their incompatibility. When parties get joined in holy matrimony, their expectation is to enjoy the marriage or experience hardship together hoping that only the natural and inevitable phenomenon of death will separate…
ZIMNAT Asset Management Company is set to take control of several funds worth US$5,5 million, which were under the management of Tetrad Financial Services (TFS) Asset Management Company. TFS, a former subsidiary of the now defunct Tetrad Group, was placed under provisional liquidation in April 2015 with Knowledge Hofisi of Aurifin Capital as the provisional…
THE People’s Own Savings Bank (POSB) says identification of investors under the state-owned entity’s partial privatisation bid will be complete and ready for government approval in the second half of the year. POSB is one of the state entities that have been earmarked for partial privatisation by the government. According to the bank’s 2020 financial…
COMPANIES are amplifying their voices against the two percent Intermediated Money Transfer Tax (IMTT), which they want revised to cushion businesses from the debilitating effects of coronavirus. At the same time, experts have warned that if the IMTT — which they have said amounts to “double taxation”, was to continue — it would hit business,…
ZIMBABWE’s money market has undergone a wave of innovation with issuers diversifying offerings to balance investors’ needs for liquidity and value-preservation, a wealth management firm has said. Some of the instruments in the market include certificates of deposit, commercial paper — short term unsecured debt notes issued by a company and bankers’ acceptances. “We have…
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