BUSINESS says fiscal authorities must review the foreign currency surrender requirements for the manufacturing sector to 20 percent from the current 40 percent. The Zimbabwe National Chamber of Commerce (ZNCC) …
finance
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BUSINESS is hopeful that the accelerating depreciation of the Zimbabwe dollar on the foreign currency auction system will help to restore Zimbabwe’s economic stability. This comes as the government and …
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CAPACITY utilisation in Zimbabwean mines is next year seen rising to 83 percent from 80 percent this year, driven by new projects and expansions, as well as stable electricity supply, …
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ZIMBABWE’S mining sector is losing at least 20 percent of gross export proceeds on the back of exchange rate disparities, an industry survey has shown. The miners, who generated US$3,4 …
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THE Reserve Bank of Zimbabwe (RBZ) says it will support domestic savings in local currency, through instruments that compensate depositors for potential exchange rate depreciation next year. According to the …
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TANGANDA Tea Company (Tanganda) could list on the Zimbabwe Stock Exchange (ZSE) before year-end. Tanganda’s parent company, Meikles, is unbundling the tea business, with shareholders expected to vote on the …
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COTTCO Holdings (Cottco) says foreign currency price distortions currently obtaining on the market are driving up the cost of local cotton production, piling pressure on the company’s margins. In a …
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TURNOVER on the Victoria Falls Stock Exchange (VFEX) has increased 15-fold since the beginning of July, official data shows. At the end of trading Monday, the US$-denominated market had recorded …
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THE World Bank has come up with a platform to provide farmers with real time weather data and agronomic advice under the Zimbabwe Reconstruction Fund (ZIMREF). World Bank senior agriculture …
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EDGARS Stores Limited (Edgars) is set to open two more retail outlets this month as the group is looking to increase its geographic footprint. The apparel retailer spent $25,5 million …
