AdvertisementsNMBZ Holdings (NMBZ) says it is not keen on “vigorously” pursuing Treasury Bills anymore because it considers the yield to be unattractive.Advertisements In recent years, Zimbabwean financial institutions, including NMBZ’s commercial banking unit, NMB Bank, have been increasing capital allocation towards investment securities, particularly Treasury Bills, after controlled lending rates and other factors had exerted…
AdvertisementsDAWN Properties Limited (Dawn) says it will this year increase its investment property portfolio in tourist resort areas to boast revenue as return on investment in such zones is generally higher. Commenting on the company’s outlook after the group recorded a revenue of $11,2 million for the year to December 31, 2018, a 117 percent…
AdvertisementsUNTU Capital (Untu) says it has received bond-holder approval to increase the security for its $4 million bond issued in 2017. This comes as the bond’s guarantee by a Mauritian firm was suspended last year after the micro-lender failed to remit fees to the underwriter due to foreign currency shortages in Zimbabwe. Untu last week…
AdvertisementsBARCELONA wrapped up their 26th La Liga title with a sluggish victory over Levante thanks to a goal from second-half substitute Lionel Messi.Advertisements Ahead of Wednesday’s Champions League semi-final first leg with Liverpool, Messi began the game on the bench. The Argentina forward came on at the interval following a goalless first half and scored…
AdvertisementsFOR many Zimbabweans, David Pocock is just another ‘son of the soil’ who is now playing for Australian professional rugby union football team, the Brumbies. But for the sports’ followers, he is one of the game’s finest open-side flankers, a vocal and inspirational player whose silence can be too loud for his team mates or…
AdvertisementsZIMBABWE’S shrinking economy — compounded by skyrocketing inflation, the escalating cost of doing business and surging parallel foreign exchange rates — is worsening the plight of commerce and industry in the country. Advertisements This comes as more and more experts have expressed fear that the country could once again plumb the depths of economic gloom…
AdvertisementsTHE revival of Zimbabwe’s tourism sector is paying off for investors after listed hospitality counters enjoyed considerable gains on the Zimbabwe Stock Exchange (ZSE) last year. Local equities firm IH Securities’ (IH) Tourism Index as at the end of the first quarter of 2019 shows that the sector, which had aggregated year-on-year gains of 231,15…
AdvertisementsFIRST Mutual Holdings Limited (FMHL) says it is in the process of relocating its reinsurance business, First Mutual Reinsurance Company (FMRE), to Botswana in order to escape the limitations of the local operating environment, which has been unfavourable for the business. Advertisements This comes as an economic crisis in Zimbabwe, which has been characterised by…
AdvertisementsTHE Zimbabwe National Statistics Agency (Zimstat) says it has changed the classifications and weights that it uses in preparing the Consumer Price Index (CPI) in order to conform to international standards. This comes as the credibility of the agency’s statistics has been brought into question many times by a number of analysts and independent economists.…
AdvertisementsOREIGN investors were net buyers on the Zimbabwe Stock Exchange (ZSE) in March, purchasing shares worth of $9,2 million, with particular interest in financial service firm, Old Mutual Zimbabwe (Old Mutual). According to ZSE figures, foreign purchases accounted for $24,8 million worth of shares while sales amounted to $34 million during the month under review.…
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