ZIMBABWE’S palladium production increased by 600kg in 2020 to 12 000kg — worth about US$900 million — despite a seven percent decline in global output, the US Geological Survey (USGS) has said. The element accounted for the lion’s share of the southern African country’s production of platinum group metals (PGMs), which are now its biggest…
As a research house, we have maintained a strong stance that government interventions are a major factor contributing to inefficiencies in the operation of markets. Generally, economic inefficiencies can be caused by various factors which include imperfect competition, common property resources (public goods), the presence of externalities in consumption and production, information asymmetry and government…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-268702.mp3?cb=1732295270.mp3The Value Added Tax system is premised on documentation such as tax invoices, credit and debit notes. There are, however, instances wherein some VAT transactions can be accounted for without the need for such documentation because there are no third parties involved in the transactions. These include where there is a decrease or increase in…
Agriculture minister Anxious Masuka recently outlined a new mandate for the Agriculture Marketing Authority (AMA) as the government holds high expectations for the agricultural sector to anchor the country’s economic revival. The Financial Gazette’s Staff Writer Farai Mabeza (FM) spoke to AMA’s chief executive officer, Clever Isaya, (CI), on the organisation’s plans. M: In a…
ZIMBABWE’S trade deficit increased by US$75 million to US$590 million in 2020, data released by the Zimbabwe National Statistics Agency (Zimstats) shows. Total imports during the year were US$4,98 billion, up from US$4,79 billion in 2019, while exports increased to US$4,39 billion from US$4,28 billion. The southern African country has persistently recorded trade deficits since…
BANKS say they are not snubbing credit guarantees being offered by the government to lend to the private sector to mitigate the effects of Covid-19 and to back major national projects. This comes after the private sector claimed banks were rejecting the guarantees, leaving them battling to secure both infrastructural and working capital. Of late,…
ZIMBABWE’S pension funds are primed to offload much of their equity holdings this year in response to liquidity issues confronting them, a wealth management firm has said. Due to inflation and a lack of “value preserving” investment options in the country, pension funds’ portfolios have become increasingly skewed towards “illiquid” assets such as property. Imara…
NON-performing loans in Zimbabwe are set to rise as the economy contracts due to the effects of Covid-19 lockdown restrictions on business activity, a securities trading firm IH Securities says. In a note, IH said financial services would be among the sectors hardest hit by the lockdown, imposed at the beginning of January and later…
THE Old Mutual (OM) Top 10 Index Exchange Traded Fund (ETF) is now available on the Zimbabwe Stock Exchange (ZSE)’s direct access service, which allows investors to participate without manual intervention by brokers. The direct now service which was launched last September, now accounts for more than 20 percent of all trades on the local…
GOVERNMENT is putting in place elaborate plans for efficient management of the 2020/2021 crops, with a view to stem post-harvest losses amid high expectations of a good yield. In a post-Cabinet meeting press briefing, Information minister Monica Mutsvangwa revealed that the full first and second rounds of crop and livestock assessments results would be released…
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