ZIMBABWE’S State-run pension fund, the National Social Security Authority (NSSA), says it is exploring an offshore investment opportunity to hedge against local currency risk. The Zimbabwe dollar has lost more …
finance
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CFI Holdings (CFI) says its subsidiary, Crest Poultry Group (Crest) exited judicial management last month after it managed to raise funds to pay-off creditors. CFI voluntarily placed Crest and other …
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ZIMBABWE recorded a trade surplus of US$218 million with South Africa (SA) in 2019 from a deficit of US$458 million during the 11 months to December 2018, official data shows. …
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THE Reserve Bank of Zimbabwe (RBZ) has started a process of reviewing its US$1,2 billion legacy debts, with a view of engaging “willing creditors on haircuts”, officials say. This comes …
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INSURERS and pension funds are incapable of complying with prescribed asset thresholds set by government, due to liquidity constraints in the economy, an investment management firm has said. The …
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THE Reserve Bank of Zimbabwe (RBZ) says it has resolved to “further liberalise” operations of bureaux de change to enhance the interbank market. The central bank tightened controls on bureaux …
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ZIMBABWE’S economic challenges are expected to persist in the medium term on the back of drought and current foreign currency shortages, analysts have warned. FBC Securities said in the absence …
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Zimbabwe’s agriculture output has remained stagnant at $1 billion over the last five years largely because government and financiers have excluded small-holder farmers, a survey by the Zimbabwe National Statistics …
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SEASONED banker Lynn Mukonoweshuro has lost the fight to control Lion Microfinance Zimbabwe (Lion), which is currently under judicial management. The former Kingdom Financial Holdings Limited (KFHL) chief executive was …
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CONFIDENCE in Zimbabwe’s property sector has sunk to an all-time low due to the widening gap between seller preference and buyers capabilities, a new report has revealed. This comes as …
