THE Zimbabwe Stock Exchange (ZSE) should partner with regional bourses to reduce foreign investor flight, a leading securities firm has said. This comes as foreign investment has remained subdued on the local stock exchange owing to government’s failure to enforce mechanisms for repatriation of funds outside the country. During the first half of 2020, foreigners…
ARISTON Holdings (Ariston) is exploring the possibility of exporting its tea to the Indian market. A trading update issued following the firm’s AGM said the global tea market remains depressed but still presented opportunities for exports. “The division is experimenting with exporting to India as their own production is under pressure, providing an opportunity for…
ZIMBABWE’S business confidence fell in the first quarter as effects of the coronavirus pandemic started being felt in the crisis-ravaged country. The Confederation of Zimbabwe Industries (CZI) said confidence continues to decline in all sectors while general business expectations have also weakened for the short-term outlook. “Business confidence in the country over the first quarter…
…Zimbabwean breaks 70 year old history SIX time Formula One World Champion Lewis Hamilton has praised Zimbabwean born Stephanie Travers after she joined him on the podium at the Red Bull Ring for the second round of the 2020 season. By doing so Travers (25) – a trackside fluid engineer for Petronas – fuel partner…
ETHICAL Leaf Tobacco (ELT) last week launched a $660 million tobacco input scheme for smallholder farmers in Zimbabwe. The company says it hopes the scheme, which is entering its fourth year and is said to be the largest indigenous inputs programme, will improve the plight of smallscale farmers who, according to a recent survey, have…
Following on our article titled; “USD or ZAR? What makes sense? we re-iterate our call that randisation cements the case for regional cooperation and integration in the broader Southern African Development Community (Sadc) region. The SADC was founded in 1992 and aims to achieve development and economic growth through cooperation of member states. While creating…
There is a common perception among members of the public that lawyers, just like doctors have a notoriety for wanting to be not understood. For doctors, their inclination to employ incomprehensible medical verbiage is understandable, because not much of their literature is for public consumption. However, for lawyers, the age old propensity to employ foreign…
ZIMBABWE’S broad money supply which consists of domestic and foreign currency deposits increased to $52 billion in April from $48,4 billion in March, the central bank has said. In its monthly economic review for April 2020, the Reserve Bank of Zimbabwe (RBZ) said during the month under review, foreign currency deposits were equivalent to $19,46…
THE recent suspension of trade is unlikely to see any foreign investors returning to the local bourse amid indications they sold off a record $508 million worth of scrip in June, analysts say. An increasingly unstable economic environment characterised by policy flip flops and rising hyperinflation has unnerved the few foreign investors who still participate…
THERE is now very little appetite for treasury bills (TBs) after the Reserve Bank of Zimbabwe (RBZ)’s latest offer went largely unsubscribed last week. On behalf of the government, the central bank invited banks to participate in TBs worth $500 million, with tenures of 270 days and 364 days, but investors took up only $70…
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