THE Covid-19 has by far become a significant disruption catalyst in terms of how business is being conducted and how it will evolve into the future. Of course, understanding the disruption better will definitely go a long way in terms of managing it. The impact of the outbreak of Covid-19 has led to social distancing…
BUSINESS has once again implored the government to encourage the wider local use of the rand, saying the South African unit is more competitive than the much-coveted American dollar. This comes as the government’s recent policies — including the awarding of US dollar allowances to civil servants — are effectively promoting re-dollarisation, even as authorities…
PPC ZIMBABWE’S parent company PPC anticipates its earnings for the year to March 2020 to decline by more than 20 percent due to impairments on property, plant and equipment and other fair value adjustments. In the prior comparable period last year, PPC reported basic earnings per share and headline earnings per share of 16 cents…
ZIMBABWE Platinum Mines’ (Zimplats) majority shareholder, Impala Platinum (Implats), is expecting a 20 percent jump in annual earnings for the year to June 30, 2020, on the back of firm metals prices. In a trading update, Implats, the world’s third largest source of platinum group metals (PGMs) which operates mines in Zimbabwe and South Africa,…
THE Covid-19 pandemic has impacted the structure and shape of economies across the globe. In the case of Zimbabwe, the limited economic activity that has come as a result of Covid-19 social distancing measures has created new risks such as (i) company closures, (ii) increased levels of formal unemployment and (iii) shrinkages in the value…
ZIMBABWE’S domestic currency will continue to devalue against major currencies due to lack of key reforms and government’s policy inconsistencies, analysts have said. The Zimbabwean dollar, which was hastily reintroduced last year, devalued by 64 percent over the last month and is expected to weaken further as the tobacco selling season ends and foreign currency…
FINANCE minister Mthuli Ncube has conceded that the government’s foreign currency earnings retention policy is affecting official gold deliveries, with most of the yellow metal being smuggled to other markets. Government figures show that despite higher average international prices in the first quarter of 2020, gold deliveries shrunk by 12 percent compared to last year.…
THE recent suspension of the Zimbabwe Stock Exchange (ZSE) — and spirited moves to eject Old Mutual (OM) from the country — poses an “existential threat to the economy”, according to an association of investment managers. This comes as Finance minister Mthuli Ncube has told a Daily News webinar that the local bourse “should be…
BINDURA Nickel Corporation (BNC) last week said its profit for the year ended March 31, 2020 ― to be announced at the end of the month ― will be significantly lower than previously forecast. The nickel miner had initially expected demand “to remain high, with a projected average growth in excess of four percent per…
Will making is a necessity for every living human being, whether rich or poor but surprisingly most people who get deceased, do so without a statement of how they want their assets to devolve. The chief culprits are lawyers who despite their deep knowledge of succession law, they still elect to die without leaving behind…
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