LISTED crocodile skin producer, Padenga Holdings (Padenga), says it has completed a feasibility study into diversifying its operations to include Avocado and Macadamia farming, as it seeks to widen income …
finance
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STANDARD Chartered Bank Zimbabwe (StanChart) says it recorded a $134 million loss in the financial year to December 2019 due to the country’s hyperinflationary environment. This was after the southern …
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Columns & CommentEconomics & Market Intelligence
ECONOMIC & MARKET INTELLIGENCE: Covid-19 and the informal economy
MEASURES to combat the spread of Covid- 19 have had far-reaching consequences, particularly in developing countries such as Zimbabwe. Social distancing has meant that most households and individuals are economically …
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PRESIDENT Emmerson Mnangagwa’s $18 billion stimulus package is “far short of national requirements to shore up a flagging economy” amid concerns about how it will be financed and whether it …
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THE “new” interbank market introduced by the Reserve Bank of Zimbabwe (RBZ) has been inefficient as the productive sector cannot access the foreign currency, the Confederation of Zimbabwe (CZI) says. …
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BANKS in Zimbabwe are relying on non-funded income due to the heightened risk posed by the current inflationary economy, a new report has shown. In an investment market review report …
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INVESTING in other markets with stable currencies will increase Simbisa Brands (Simbisa)’s profit and revenue, a research service firm has said. In an analysis of the company’s financial results for …
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THE Institute of Chartered Accountants of Zimbabwe (ICAZ) says the effects of covid-19 have complicated the implementation of certain accounting standards. The institute urged caution in the execution of …
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THE government’s decision to impose a price moratorium on basic goods will drive Zimbabwe’s battered economy deeper into the mire, business has warned. This comes as the Zimbabwe National Chamber …
