World

World

Rand Trim Gains Despite Inflation Respite

The South African Currency weakened to 18.4 against the greenback on the 22nd of June 2023, down from a one-month high of 18.2 despite a respite from inflationary pressures and a weaker dollar.  The

Jun 22, 2023
World
Mr Price Posts 6% Fall in Annual Profit Amidst Inflationary Pressure and Power Cuts

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 Jun 22, 2023
World
Why the Namibia Stock Exchange is Ready to Take Off

Why the Namibia Stock Exchange is Ready to Take Off The Namibia Stock Exchange (NSX) is ready to ascend to new heights after being admitted as a full member of the World Federation of Exchanges (WFE)

 Jun 20, 2023
World
Political Romance or Diplomatic Failure: How Damaging is Pretoria’s Ironclad Ties with Kremlin?

Is Putin giving a diplomatic headache to Ramaphosa, or Ramaphosa is deliberately challenging USA? But at what cost? Harare- South Africa is facing a possible expulsion from the African Growth and Opp

 Jun 15, 2023
World
South African Rand Surge Ahead of Fed Decision

OPEC+ has Made a decision to maintain production levels at current levels despite widening supply gaps in the market. The decision comes at a time China is expected to see spikes in demand as the late

 Jun 15, 2023
World
Rand Surpasses 4-Week High, What It Means for Zimbabwe

After weeks of recording mixed performances hugely dominated by depreciations since the Pretoria-Kremlin’s arms support saga, the Rand edged high on the 12th of June 2023 after trading at 18.7 against

 Jun 12, 2023
World
FBC Holdings Limited Acquires Standard Chartered's Business in Zimbabwe

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

 Jun 08, 2023
South African Rand Holds Steady Amidst Positive Momentum

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 08, 2023
Sweet Entry into the Chinese Market: Zimbabwean Citrus Farmers Find Solace

China consumed over 54 million tonnes of citrus fruits in 2021, accounting for about 34% of total citrus consumption globally. The sheer size of the Chinese market signals a huge export potential for

Jun 05, 2023
The Rise of China's Influence in the Global Metals Market: How the Loss of Benchmark Status by the LME may impact Zimbabwe

In a major shake-up for the global metals market, the London Metal Exchange (LME) has lost its benchmark status for a part of the nickel market. According to a report by Bloomberg News, the Shanghai M

Jun 05, 2023
South African Rand Remains Unchanged After Month of Losses

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 01, 2023

Lessons from Turkey's Election: Implications for Zimbabwe's Upcoming Elections

Erdogan's emphasis on fighting inflation and healing the wounds from a catastrophic earthquake provides a valuable lesson for Zimbabwe. The country is facing a severe economic crisis, with high inflat

May 29, 2023

New Regulations Set Deadline for Zimbabwe's Carbon Credit Programs to Meet Compliance Standards

The decision comes just days after Zimbabwe’s cabinet declared all carbon credit programs in the country “null and void.” All agreements in Zimbabwe will now have to pass through the Attorney-General’

May 23, 2023

Simbisa Weathers Economic Storm, Delivers Solid Growth

Simbisa Brands released their trading update for the third quarter ended 31 March 2023, demonstrating the group’s resilience in the face of significant economic headwinds. The fast-food giant reported

May 22, 2023

Addressing Rising Prices in Zimbabwe: A Multi-Faceted Approach

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

May 19, 2023

South African Rand Drops as the US Dollar Strengthens on US Debt Ceiling Talks

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

May 18, 2023

USA-South Africa Tensions, Power Crisis, Rattles Rand Performance

Following the accusations that South Africa’s government supplied weapons to Russia by the United States, Rand’s performance has been dismal.  After the accusations, the Rand flopped to trade at 19

May 16, 2023

Corporate Action Summary

Old Mutual Investment Group Zimbabwe (Ltd), the Fund manager for the Old Mutual ZSE Top Ten Exchange Traded Fund, declared a dividend of USc0.008436 per unit on the 28th of April 2023, and is payable

May 15, 2023

Vast Resources Buys More Time to Settle Debt and Historic Claims

The debt owed to Mercuria and Alpha, totalling approximately £7.3m, was due to be repaid on or before Monday 15 May 2023, but the company is working on documentation of an extension until 30 June 2023

May 15, 2023